The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-02
CHARTER

president and Secretary Treasurer to call
the said meeting TO be held within fifteen
days after such failure to elect.
All vacancies occurring in said Board
/ by resignation or other wise, shall be
filled by the remaining directors.
! The Board Of Directors shall have the
! power and authority to make and es-
I tablsh as well as alter and amend any
/ and all bylaws, rules and regulations
/ that may be requisite for the government
support and management of the business
| and affairs of said corporation, and ii
! shall have power and authority to con-
! tract debts, borrow money and issue notes
in representation of same, and to issue
bonds, and, generally to do all things
/ incidental TO the objects and purposes OF
/ said corporation.
7 ARTICLE VI-Whenever this corpora
ton is dissolved, whener by limitation
or for any other cause, its affairs shall
be liquidated under the superintendent
; Of two commissioners TO be appointed for
/ that purpose by the stockholders. at a
general meeting to be held and convened
for that purpose, after ten days notice
! shall have been given to every stakeholder.
/ through mail Said commissioners shall
/ remain in office until the affairs of said
corporation shall have been fully
, liquidated and settled, and in the event
| OF the death of one of said cOmmi Ssioners.
the survivor shall fill the vacancy. Their
compensation is hereby fixed at two and
one-half per cent. on the amount realized
by them.
ARTICLE Widths act of incorpora-
ton may be changed, modified or altered.
and the capital stock increased so as to
make the capital stock not to exceed the
sum of Twenty Thousand $4,000 O0)
Dollars, or said corporation may be dis
solved by the assent of twO-thirds in
amount of the capital stock at a meeting
OF the stockholders convened for such
purpose by the Board of Directors after
thirty days previous notice of such meet
ing shall have been published in a news
paper in the Parish of Orleans, and after
all the other formalities of laww shall
have been complied with.
ARTICLE NIII.-No stakeholder shall
ever be held liable or responsible for
the contract or faults of said corporation
in any further sum than the unpaid
balance due to the corporation on the
shares of stock owned by him. nor shall
any mere infOrmality in organizing this
corporation have the effect of rendering
this charter null and of exposing a stock
holder TO any liability beyond the amount
due on his stock.
ARTICLE IX.-In order that this act
of Incorporation may serve as the original
subscription list of said corporation, all
subscribers hereto have written opposite
their respective names the number of
shares and the amount of stock sub
scribed for by each of them. as we'll as
their addresses, ard the recordation of
this act shall be considered as the recor-
datiOn of the list of shareholders required
by law.
Thus done and passed at the City of
New Orleans. in the Parish of Orleans, I
State OF Louisiana, on the day and in
the month and year first above written. |
in the presence of W. W. Wright and
Isabella Rice, both of lawful age and |
residing in said Parish and State, COM
petent witnesses who have signed these |
presents with the said appearers and me- |
Notary, after due reading of the whole. |
Witnesses: W. W. Wright, Isabella !
Rice.
(Signed) Jos. L. Swanson, 231O Milan
Street, New Orleans, La, 10 shares: John
\lcGraw. 1929 Sycamore Street New Or
eans, La. l share; Forres McGraw, 2429
Soniat Street, New Orleans, La. o shares
JOHN ID. NIX, JR.,
Notary Public.
A true copy:
JOHN d. NIX, JR,
Notary Public.
Ian. 3. Feb. o. 1922