The herald., 1922-04-13
CHARTER

Of one hundred (slOOoW don-
shall be paid for in cash onars eseb
AT par, In payment for may be ~
purchased by or services ,perty sesS
corporation at such times snSsefed IA n
direct. Vi directo,S
The amount to which a..
OF THIS corporation may eapltal =.
hereby fixed at the sum ~ lncreassS
thousand (Sl00OOOOO, AN one hps..
INTO and represented nv WARS, dT,s
llOoO) shares of the mar Vne hop,
hundred (SlOOO0) dollars value o.
stock, or any part thereof n ans III
on complying with the rsnnSy be kSS
Jaw ana said stock so issnad SNes u =
Tor In cash, or may be snall b n.
payment for property actus,,a a "a,
n.y. or Tor services rendered purth,..
p"ralon, at such times ana 70 tbs
stallments as the board ~ an aa
direct. Vi ulfectOn VI
ms corporation shall ba 49,,
commence business and be aulhoriS
Germ as soon as One-half "a going a,
Stpch, to-Wlt: twenty.f - us CIR
lS25'OOO.OO) dollars, is subscr,h. hoaSui
ARTICLE V-All the powo,s
corporation shall be vested ts o. a.
ciSed by a board of directors ~ sne ~
annually on the first Mondsr ~ Dc eless
OF each year. and a maior;,,Vi febnrs
shall constitute Quorum ~ Of W.
action of business, and 'OI the tnn
votes cast shall decide ali majority !,
Such elections shall be conSno.uohs;
ONCE OF this corporation nnSsa )
pervision of three commissionr lie 4
appointed by the president .
such election and Of all otber Noues n
stockholders Whatsoever. un,aseelihg n
IN Writing shall be given nsrss sahs
by deposltlng In the United s,..ag d
Olllce IN New Orleans, al lsas. p
uaHS before such meeting, a motif, mls
nolulhS thereor' enclosed In W
MraPPeI' addressed to each s,osSs2V
AT tne IaSt address furnished m ~
poration by said stockholders thh q
event that no address he fn,u aug u .
address General Delivery" Ms ne
At least two days before sofa Urea
complete list of the stockhoIS..mee lls Il
10 vote shall be open to insnac,,s. eataa
stockholders at the place of ssiS .
Al SAID election, and at all otba, E Mou,,
or stockholders, the voting shan esua
ballot, and each stockhOlder sh.n
titled 10 one vote for each sbs,a
standing in his name on the booh~v "a
company, 10 be case in persor "
proxy. " b
Fifty per centum OF tna on..,
capital stock of this cornors,,aAts
constitute a quorum at any and an "
lngs Tor the transaction OF anv -. NC
business, except as otherwise nror4A,
law. The majority Of stock vo,aS
decide all questions, EXCEPT As o,s. ~
provided by law or this charter
Vacancies occurring in the ho..,
rectOrs, because of death. resisns.a .
otherwise. shall be filled by the LAW. 2
members of the board by selsct;n. !.
the other stockholders. nH
The failure to hold an animal .l...
or 10 elect directors as above pr.,,..
snaII not dissolve the corporation In, -
directors and officers then in oiies -
cause an election to be held "a 49, :.
possible thereafter, notice of wb,ss w
be given as above provided for ~ ~ ~
ing of the annual meeting AZ .as
holders, pending which election N. 80 ~
and officers shall remain :. "a
until their successors have been dnlv ~, y.
ed and shall have qualified. 'e'
The board of directors shall Win.
thlrty days OF each annual election -
from their own number a presidep, ~ !.
and shall also elscs ~ ~
rotary and treasurer and shall have ,.,.
to combine the Offices or seere,s,r =,
treasurer in one person. -
The board of directors shall b,v. A.
power OF delegating all or any ., n
power In the transaction Of the busIn..
OF TINS corporation to a committee or In.
mlttees OF its own body or to officers n,
agents OF this corporation, and the bar
OF directors may appoint from tine b
time such officers, managers. DIRT,
agents or employees as they NAV n.
necessary or proper for the copdurt 4
the business of this corporation. ana M
officers, managers, clerks, agents ana =.
ployes shall hold office only at the pI,,
ure of the board.
Any and all directors shall hold Off
az the pleasure of the stOckholders VA
may at any general meeting held for IN
purpose, on notice as above provided IN
the holding of the annual meeting Of stosk
holders, declare such dircetorships ysr,r
and elect their successors, and II shan y
the duty OF the president or seeretary ;
call meeting for that purpose at he n
quest in writing of ten per centum Of N
'apital stock Of this corporation then OF
The board of directors shall have DOW,
TO adopt bylaws for the government {
this corporation and alter, amend nj
abolish the same at its pleasure Of ~
general or special meeting OF the bean
and no previous notice of any intentin
alter. amend or abolish the bylaws sd
be required.
rel 81 a. 4
posed of W. l.. O'Daniel, L. 7. Tucker M
r. K. Clark, of New Orleans. La, WI
shall hold their offices and exercise tAsf
until the. annual election to h
held on the first Monday Of Febrry
1923, or until their successors are dls
elected and qualified subject to the 90
fitions hereinabove provided.
ARTICLE vI-This act of ineorporstn
nay be modified, added to or ehansa
,r said corporation may be dissolved ,
Louisiana at the time such action Is taxa
md whenever this corporation Is ID
solved. either by Limitation or otherviS
rs affairs shall be liquidated BY hm
commissioners to be eleds
1t a general meeting Of the stockholders
allied for the purpose Of voting On q
question Of liquidation, or thereafter ~
n case Of the death or resignation Of ~
II the said commissioners, the survfviH
)r remaining commissioner or comnt
'ioners shall continue to act, and In ds
II death or resignation of all Of ihn
three or more commissioners shall
elected by the stockholders to comps
he liquidation.
All meetings Of the stockholders and
'ectOrs shall he held in New Orleans
he office of the company, or II II has
'ffice, at some other accessible plae =
business, and any and all notices preT'as..