The herald., 1912-06-20

Any director In his absence from any
meeting Of the Board OF directors snail
have the power to appoint In writing any
other director or stockhOlder as his proxy,
with full power to act In his stead at such
meeting.
The directors shall be elected annually
by ballot by the holders of the stock on the
first Tuesday in June of each year. Each
holder of stock shall be allowed to vote In
person or by written proxy, one vote for each
share Of stock owned by him, and all cleo
tions shall be held under such rules and
regulations as may be adopted by the board
of directors. The directors thus elected,
shall continue in Office for one year and
until their successors shall have been duly
elected and qualified. Any failure to elect
officers or directors shall not be regarded
as forfeiture of the Charter. Any vacancy
occurring on said board of directors shall
he filled by the remaining directors for the
uncXpired term.
The following persons shall be and con
Stitute the first Board of Directors Jacol
Israel Albert NJ Darragh and Michel Levy
a majority Of whom shall constitute quo
rum, with Jacob Israel as president, Albert
VI. Darragh, vice-president and Michel Levy
secretary treasurer, who shall be the nrSi
officers OF the corporation and shall serve
! until the regular meeting on the first Tues
day in June, 1913, or until their success
sOrs shall have been elected and qualified.
ARTICLE VI.
Liability of the stockholders OF this cor
pOratiOn for the contracts or faults or SalC
| that may be due by them respectively OF
| their subscriptions No mere infSmality II
| this act of Incorporation shall render TINS
| Charter void or expose stockholders TO ia
bility beyond the amount of their UNPAID
| subscriptions.
| ARTICLE VII.
This Charter may be mended or this cor
poratIOn may be dissolved with the asSen
| OF the stockholders holding a m jOrity 81
the outstanding stock at a general meeting
convened for that purpose and at least tel
days notice shall have been given to th'
stockholders through the mail addressed
| to their respective places of business.
| In case of dissolution by the expiration o
this charter or otherwise, the affairs of thi
corporation shall be liquidated by thre
stockholders to be elected at the meetln;
ordering such liquidation.
| This charter shall serve as the Origina
subscription list. the undersigned being tn
original subscribers to the capital stock o
| this corporation in the amounts and 10
| the number of shares opposite their reSpect
i've names and signatures.
| Thus done and passed. in my office at New
| Orleans, Louisiana, on the day ana uau
| hereinbefore written and ip the presence
l.. L. Eisenberg and l.. L. Bryant, Jr., com
petent witnesses, who hereunto sign thei
names with the said appearers and me, no
| tary, after due reading of the whole
Original signed: Jacob Israel, 80 shares
| A. VI. Darragh, 20 shares Michel Levy,
share. Witnesses l.. X. Eisenberg, L. L
ARTHUR b. LEOPOLD,
4 Notary Public.
i |, the undersigned recorder of mortgage
| in and for the parish of Orleans, Louisiana
| do hereby certify that the above and fore
going act of Incorporation of the Lester Ian
i Company was this day duly recorded in m
office in book 1865, folio -.
i New Orleans. June IS, 1912.
/ EMILE LEONARD, ID. X.
i A true copy.
/ ARTHUR B. LEOrOLD.
i Notary Public.
| iune 20 81 july IL IS %