The herald. [volume] (New Orleans, La.) 1905-1953, 1912-10-03

concern as soon as ten thousand dollars
tS10.O00.0ol of its capital stock shall have
been subscribed.
ARTICLE V.
All the corporate powers of said cor
poratiOn shall be vested in and exercised by
the board Of directors, 10 De composed Of
not less than three or more than nye persons
10 be elected annually on the second Mon
day in January Of each year. beginning in
1914 such election 10 be by ballot at the
office Of said corporation under the super
vision Of one commissioner 10 D. appointed
by the president; notice Of suca election
shall be given in writing by the secretary
unto each shareholder by mailing a written
notice 10 his last known address. ten days
prior 10 date Of such election each share Of
stock shall entitle its owner 10 one vote in
person or by proxy, and majority Of votes
shall elect. ANY vacancy occurring among
the directors by death, resignation or other
wise shall ~ hlled by election by the re
naming directors: a failure 10 elect drec-
tors on the date above specified shall not
dissolve the corporation. but the directors
then in office shall remain in Office until
their successors are elected and they shall
as soon as possible cause an election 10 d.
held after giving ten days notice above
provided \ majority Of the directors shall
constitute a quorum for the Transaction OF
business. and the board Of directors shall,
al their first meeting following each annual
election. elect one Of their number To he
president one yice-preSident and 4 secretary
treasurer
ARTICLE VI
The following named persons shall con
Stitute the rrSt board Of directors. namely :
Leon Irwin. Gustave II. Crak and David r.
North. with Leon Irwin president. i. Il.
North. yice-president and Gustaye II CTais
as SeCrgtary-treaSurer: they shall hold their
Office until the second Monday Of January,
1914 or until their successors have been
duly elected
No stockhOlder Of this corporation shall
ever - held liable or responsible for its
contracts or faults in any further sum than
the unpaid balance due on the shares OF
stock held by him. nor shall any informality
in organization have the effect OF rendering
this charter null or Of exposing the stock
holders 10 any liability beyond the amount
Of their original subscriptions.
ARTICLE VIII.
No transfer II stock shall b. held valid
and hindin. unless made upon the books Of
the company. and no stakeholder may dis
pose OF his stock without first Offering same
10 other stockholders through the board Of
at its actual cash or book value.
No pledge Of stock shall H. held valid and
binding unless the holder ~ said stock FIRST
obtains permission Of the board Of directors
TO pledge the same, said permission 10 De
evidenced by a written certificate signed by
the president and secretary treasurer.
ARTICLE IN.
This charter may De altered or the cor
poration dissolved with the assent Of three
fOurths in amount Of the outstanding cap
ital al a meeting convened for such purpose.
after ten days previous notice shall have
mail u each stakeholder. All amendments
as 10 Increase or decrease Of the capital
stock shall b. made according 10 the laws
Of this state in force at the time such
amendment is made.
ARTICLE y.
Whenever this corporation shall b. dis
solved by expiration or otherwise. its at
fairs shall be liquidated by two commission
ers selected from among the stockholders at
the general meeting declaring the diSSolu-
ton of said corporation or at general
meeting held for that purpose after notice
mailed 10 each stakeholder by registered
mail ten days PRECIOUS TO said meeting
and complete power 10 liquidate the bust
ness Of said corporation.
The subscribers TO this charter have
placed opposite TO their names the number
OF shares subscribed by each, so that the
same forms the list Of original subscriptions
Thus done and passed az my office in New
Orleans aforesaid on the day, month and
year first above written. in the presence Of
Joseph G. Helmer and Rosa Klar. competent
who have signed their names as
such with said appearers and me- notary.
after reading thereof.
Original signed: 4. c. Irwin and Others.
Witnesses Jos {. Helmer, Rosa KIar
FRANK Z. RAINOI-D.
(SeaD Notary Public.
/. the undersigned recorder Of mortgages
in and for the parish of Orleans, state of
do hereby certify that the above
and foregoing act OF Incorporation Of the
Leon Irwin & Company. Incorporated. was
this day duo recorded in my Office in book
1855 folio -. New Orleans. Sept. IS 1912. |
EMILE LEONARD. by. X.
New Orleans, Sept. -. 1912.
i hereby certify the above and foregoing
10 De true and correct copy Of the original
act Of Incorporation and Of the certificate
Of the recorder Of mortgages thereto at
tached
FRANK E. RAINOLD.
tSealb Notary Public. |
oct 10 Il ~ 81 nov :