The herald. [volume] (New Orleans, La.) 1905-1953, 1922-09-07
CHARTER.


, tors which is hereby clothed with al OF
4 the corporate powers of this corporation.
I shall have full power and authority 10
( borrow money and to execute IhoFtEdE'
and pledges and create liens; TO issue
! bonds, notes and other obligations. ana TO
! secure same by mortgage andLorpledSe or
| otherwise and generally TO do any anu
all things reasonable, convenient or ne'ee-
sary for the proper conduct OF the buSd
! ness and affairs of this corporation; anu
! in its discretion, the board Of directors
| NAV create and select an executive com
| mittrc 10 be composed of not less thhl
! three 90 of its own members, 10 "hl'h
! committee the board of directors ma!
| grant all or any of its powers 10 De 'N
I erciSed during the interim between meet
/ iugs of the board of directors ltSeH.
/ A director of this corporation shaIl NOT
! be DISQUALIFIED by his office from dealing
I or contrasting with the corporation either
as a vendor, purchaser or otherwise nor
! shall any transaction or contract 81 '"I'
corporation be void or FoldaDi' ny IeaHu"
! of the fact that any director OF any HIH'
| of which any director is a member, or any
| CORPORATION of which any director IS
| shareholder or director, Is in any way ia
| trrrsted in such transaction or coh'Ih'''
| provided that such transaction or '"h
| tract is or shall b" authorized, ratlhed or
| approved either % by vote OF a MAJORITY
/ of a quorum of the board OF directors OF
! Of the executive committee without count
| ing in such majority or quorum any III
] rerto- So Interested or members OF HfH!
| so Interested or shareholder or director
OF a corporation so Interested, or ~ pE
vote Of a stockholders meeting 81 ~
holders OF record OF "A majority or All th'
outstanding shares of common stock OF
the CORPORATION or by writing or WRITINGS
signed by majority of such holders; nor
shall any diectOr be liable TO account 20
the corporation for any prohtS rraIlL"d
by and from or through any such trans
action. or contract of this corporation au-
thOriZed, ratified or approved as aIOT'-
said by reason of the fact that he OF an.
firm Of which he is a member, or any
CORPORATION of which he is shareholder
or director, was interested i'll such trans
action or contract.
ARTICLE VI-This act Of incorporation
may be modified, changed. altered or
amended or the capital stock Of this cor
poratiOn may be increased or decreased,
or this corporation may be dissolved Win
the assent of twO-thirdS (2/3D or the OUT
standing common stock of this corpora
ton EXPRESSED. given and obtained at
general meeting of such stockholders con
vened for such purposes, or any OF them,
after previous notice of such meeting shaIl
have been given to each common StoIk-
holder by notice addressed TO him at his
last known place Of residence, and de
posted in the mails of the United States
at least fifteen 05l days previous TO the
date of said meeting, unless other notice
for a meeting of such character be pre-
Scrihed by law, in which event notice
shall be given in conformity with law.
Whenever this corporation may be dis
solved. either by limitation or from any
any other cause, its affairs shall be Hqui-
dated by three CD commissioners TO he
elected by the holders of the common
stock at a meeting convened for said pur-
pose as above provided and after due no
tice; a majority of said stock represented
at such meeting shall be requisite for
the election of such commissioners. Such
commissioners shall remain in office until
the affairs of this corporation shall have
been fully liquidated. In case of the death
or resignation of any one or more of said
commissioners, the vacancy or vacancies
shall be filled by the survivors or survi-
yor. In the event of any disagreement
among said commissioners the action of
the ma jOrity shall prevail and he binding.
ARTICLE Vino stakeholder shall
ever be held liable for the contracts or
faults or defaults of this corporation in
any further sum than the unpaid balance.
n any, due the corporation on the shares
of stock owned by him: nor shall any
mere formality in organization have the
effect of rendering this charter null or Of
exposing stakeholder to any liability
beyond the unpaid amount remaining due
on his said stock.
ARTICLE VIII-The following shall
constitute the first board of directors OF
this corporation: 4. l.. Kempster. A Il.
McCoard. II. \. Ferrandou. Raoul Sere.
Jr., Maurice H. Rooney. Said board of
directors shall hold office until the third
Tuesday in January, 1928 or until their
successors shall have been duly elected
and qualified.
The subscribers to the capital stock of
this corporation and their respective adj
dresses are: a. l.. Kempster, 42l Baronne
street, New CLEANS, La; \. +. McCOard,
III BarOnne Street. New Orleans La: III.
A. Ferandou, 421 Baronne Street, New Or
leans. La; RaOul Sere, Jr., Ifibernia
building. New Orleans. La: Maurice ii
Rooney, Hibernia Building, New Orleans
La.
The subscribers hereto have written
opposite their respective names the num-
Der of shares of capital stock in this cor
poratiOn SUBSCRIBED for by each of them
and this act of incorporation shall serve
as the original subscription list of this
corporation.
Thus done and passed in my office. in
the City of New Orleans on the day
month and year first above written. in the
presence Of MeSsrs. Justin V. Wolf. and
Ludwig {. Mulling, competent witnesses
who have hereunto signed their names
together with said appearers and me. no
tary, after due reading of the whole.
(ORIGIANL SIGNED)
A. l.. kempster, preferred stock. twenty
five shares. S2,500O0; A. l.. Kempster
common stock, twenty shares, ST.
10000; \. Il. McCOard, one share. 500. 90:
II. \. Ferrandou, one share. $4,000: RaOul
one share, $4,000.
Witnesses: Justin V. Wolff. Ludwig c.
Muling.
ORIGINAL SIGNED)
STAMPS FARRAR,
(SeaD Notary Public
/, the undersigned Recorder of Mort
cages in and for the Parish of Orleans
State of Louisiana, do hereby certify that
the above and foregoing act of incOrpora-
was this day duly recorded in my office
ton OF New Orleans Public Service, Inc,
in Book 1879, folio -.
New Orleans, August IS. 1922.
(Signed) ROBT. SCOTT.
Deputy Recorder
i, the undersigned notary public do
hereby certify that the above and forego-
ing is true and correct copy of the char
ter of New Orleans Public Service, Inc.
passed befoe me August Is. 1922 with the
certificate Of the Recorder of Mortgages
attached thereto Of record and on file in
my Office.
New Orleans, La, August 49, 1922
STAMPS FARRAR,
(SeaD Notary Public
Aug. 24-Sept. %.
CHARTER OF THE CHIPLEY COTTON |