The herald. [volume] (New Orleans, La.) 1905-1953, 1912-05-02


the last preceding inventory. No person
shall hold stock unless by and with the con-
sent of the board of directors. All shares
of stock purchased as above provided can
directors. All certificates of stock shall
have printed on their face the following ::
This certificate is issued and held subject
to all conditions and restrictions set out In
the charter"
ARTICLE V.
All the corporate powers of this company
shall be vested in, and the management and
control Of its affairs shall be exercised by, a
board Of directors, composed of three stock
holders, which number may be increased to
five, at the PLEASURE of said board, a ma
jority of whom shall constitute a quorum
for the transaction of all business The
directors shall be elected by ballot by the
stockholders on the first Monday In April
of each year. Each stakeholder shall be
entitled, in person or by proxy to a vote for
every share owned by him, and all elections
shall be held under such rules and regu-
of directors. The directors thus elected
shall continue in Office for one year, or IN
til their successors shall have been elected
and have qualified. No failure to elect shall
be regarded as a forfeiture Of this charter;
Any vacancy occurring on said board shall
be filed by the remaining directors for the
unexpired term. The board Of directors
shall at its first meeting after its election,
nominate out Of Its number a president, a
vice+president and secretary-treasurer.
Said board shall have the right to segregate
the position Of secretary -trea surer and may
elect secretary who need not be either a
director nor a stakeholder; and 1t shall
employ and dismiss such clerks, managers
and other employees of the corporation as
the interest and business of the same may
justify. Any of the directors shall have
the right to appoint, by written instrument,
another director or stakeholder to act as
his proxy and in his stead at any and all
meetings of the board Of directors.
ARTICLE VI.
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
debts of this corporation, nor shall any
mere fnformality In its organization have
the effect of rendering this charter void or
of exposing a stakeholder to any liability
beyond the unpaid balance due on the shares
owned by him.
ARTICLE VII.
This act of Incorporation may be changed,
modified or altered, or this corporation may
be dissolved, with the assent Of the stock
holders owning two-thirds of the stock of
the corporation, present or represented at a
general meeting convened for that purpose.
and after at least ten days written notice
has been given through mail to each stock
holder at his last known place of residence.
In case Of dissolution by the expiration of
this charter or otherwise the stockholders
shall elect three liquidators from among
their number to settle the business and af-
fairs OF the company In case Of death or
disability of any one of said commissioners
or liquidators, the survivors shall appoint a
successor to him.
ARTICLE VIII.
Immediately after the signing Of this
charter the stockholders shall meet and
shall elect three directors who shall serve
until the election to be held on the first
Monday in April, 1913.
This corporation shall be a going concern
as soon as eighteen thousand ISIS, 200. o0)
dollars shall have been subscribed to Its
capital stock
Thus done and passed in my Office on the
day, month and year, first above written, in
the presence OF Frank B. Twomey and Jo-
seph l.. Weiss, competent witnesses, who
nave signed with the appearers and me, no
tary, after reading the whole.
Original Signed) Jules s. Dreyfous. z.
F. Dreyfous, A. ID. Danziger, +. B. Twomey,
]. L. Weiss.
FELIX ]. DREYFoUs, Not. Pub.
l, the undersigned Recorder of Mortgages
In and for the parish of Orleans, State of
louisiana, do hereby certify that the above
and foregoing act Of Incorporation of the
National Laundry was this day duly re-
corded In my ONCE, in book 1VJI, folio 73l.
New Orleans, March 16, 1912.
lSfgned) EMILE LEONARD. ID. r.
A true copy from the original act.
FELlX j. DREYF0US, Not. Pub.
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