The herald. [volume] (New Orleans, La.) 1905-1953, 1912-02-08
ARTICLE FOURTH.

All Of the powers of this corporation shall
be and are hereby vested in board of three
directors who shall hold Office for one year
and who shall serve until their respective
successors are elected by ballot at the an
nual stockholders meeting and indicted into
Office. Said board shall consist OF three
stockholders, one OF whom shall be presi.
dent, the other vice-presdent and the third
secretary and treasurer. The first board
shall be the following to-wit Isidore Hitler,
president; Dominic J. TOrtorich, vice-presi-
dent, and Louis Abrahm, secretary treasurer.
Said board shall have power TO adopt by
laws to govern said corporation and to fix
the compensation Of each executive officer
and of all employees by the month, week,
day or year. The president shall be the
general executive officer, and in his absence
the vice-president shall preside at board
meetings or stockholders meetings. The
board shall meet at Sucn times and places
in the city Of New Orleans as may be de
termined by said board hereafter. The
stockholders shall hold an annual meeting
once each year on the first Monday in Janu-
airy. quorum Of said board shall consist
of three members. In case of sickness, alb
sence from The city of New Orleans or other
inability to be present, any member Of the
board can with the assent of the other two
members of the board, give his proxy TO at
tend board meeting as well as a stock
holders meeting, said proxy having full
power to act for and in behalf OF said man
datary.
ARTICLE FIFTH.
The capital stock OF said corporation is
hereby fixed at the sum of five thousand dol
lars with the power to increase the same 10
twenty-five thousand dollars upon the vote
Of three-fOurths of the stock at a stockhOld-
ers' meeting TO be called by the president
after ten days written published notice. The
par value of each share OF stock Is hereby
fixed at one hundred (S100.0O) dollars, pay
able in cash at the time Of subscription or
its equivalent. Any vacancy occurring in
the board of directors shall be filled by vote
OF majority in amount of the stock at a
stockholders meeting to be called after ten
days notice published in one of the New
Orleans daily papers, three times In ten
days and written notice mailed to each
stakeholder of record on the books Of the
corporation.
ARTICLE SIXTH.
This charter may be amended, or this cor.
poration dissolved upon the vote of three
fOurths Of the amount of the capital stock
at stockholders meeting to be called for
that purpose after publication three times
in ten days in one Of the New Orleans daily
newspapers and after notice to each stock
holder of record mailed to his last address
ten days in advance of such meeting
ARTICLE SEVENTH.
At the termina ton of this corporation or
upon Its becoming fnsolvent, unable to meet
Its outstanding obligations, this corporation
liquidation shall be as follows, to-wit:
meeting shall be called by the
president or In his absence or inability to
act by the vice-president, after ten days
norice published and mailed to each stock
holder of record, such publication to be three
times within said ten days in one of the
New Orleans daily newspapers, and at said
meeting three stockholders shall be elected,
who shall collect all Of the debts due to the
sell all of its assets, pay its
creditors and distribute the residue of its
cash, IL any, to the stockholders.
The compensation of such liquidators shall
dalton Is adopted.
ARTICLE EIGHTH.
No stakeholder Of said corporation shall
ever be held liable or responsible for the
contracts or faults of such CORPORATION In
any further sum than the unpaid balance
due the company on the shares o2ped by
him, nor shall any mere informalfI in or
ganization have the effect of rendering this
charter null or of exposing any stakeholder
to any liability beyond the amount of his
Thus done and signed at New Orleans.
oufsiana, this 10th day Of January 1912, in
the presence Of Girault Farrar and Anna
Z. carey, competent witnesses, who sign
these presents with me, notary, and the
aid subscribers after due reading Of the
whole.
Original signed Names of signers and
subscription to stock. witnesses Girault
Farrar, A. E. Carey.
BERNARD TITcHE.
Notary Public
i. the undersigned. recorder of mortgages
n and for the parish OF Orleans, state of
louisiana, do hereby certify that the above
md foregoing act of Incorporation of the
Liquor Co., Ltd, wa. thi.
lay duly recorded in my Office In book 1851,
olio 527.
New Orleans, Jany. 18th, 1912.
(Signed) EMILE LEoNARD, D. r.
(SeaD
j, the undersigned notary, hereby certify
hat the foregoing Is a true and correct copy
Z the original charter of the Hiller-Abraham
liquor Company, Ltd, except names of sub
cribers and amount Of subscriptions, exc
uted before me on the 10th of January,
912. together with the certificate of the
ecorder of mortgages thereto attached on
lie and of record in my Office.
In faith whereof I have hereunto set my
and and seal this 18th day of January, |
912
BERNARD TITCHE,
tSeaI Notary Public.