The herald., 1913-06-12
CHARTER

/ LEANS. CITY cor NEW ORLEANS
I;, IL known. that con this ~,Vrut-rut.
/ day of the month of Nav. ia the wear
/ OF our Lord one thuu~H1t nine hundred
I and thirteen, hofor, me. CHARLES = Gll.
. a Notary Public, duly commits stoned
and qualified in and i'T IT," IarlSh OF
. orleans. State Of Louisiana. therein re
. siding. personally came and APPEARED
the persons whose names are E"reuu-
, to subscribed. who declared mat dNdA-
/ iuG themselves of the PROVISIONS OF the
laws of this state relative io the or-ania-
zion Of corporations, they hI'" cove
. nanttd and agreed. and do 10y these
presents covenant and agree. bind, form
and constitute themselves. as well as
such persons as may hereafter JON or
become associated with them. into a
corporation and body p"litl" IN law Tor
the objects and purposes and under the
agreements and stipulttions following.
to Wit.
ARTICLE THE name and style of
this corporation shah bo the JOE
KAUFMAN co. LTD and under said
name 1t shall haV" and cnpoE all the
rights ana privileges granted 10y law 10
corporations. it shall exist for the terp
of ninety nlne years. and II snail nave
apowcr to contract, sue, and be sued IN
fits corporate name: to make and use a
= corporate seal ana the same 10 alter
at pleasure. to hold, receive. purchase,
tpledge property, both real and personal,
issue bonds. notes and other obllEa-
ltipnS; TO have and employ such manag-
ers, directors, officers. agents ana other
employees as the interest and conNe-
niencc OF said corporation may require;
and to make and establish Such ny
laws, rules. and regulations tor me
!, proper management and control or the
IaffairS of said corporation a. may ne
I, necessary and eNpcdient.
ARTICLE 1.-THE domicile Of this
corporation shall be in the city of New
. Orleans. State of Louisiana. and clta-
tion and other legal process shall be
: served on the president ana IN ms ap-
sence on the vice president OF the cor
poration.
ARTICLE HI-The objects and pur-
poses of this corporation and the ma
n ture of the business to be carried on
Iby il are hereby declared to he to buy.
sell and deal in. TO cOnsign or receive
on consignment for sale or otherwise,
new and secondhand iron and steel
products rails machinery. equipment
and other merchandise, and generally
TO engage in any other business or in
duStry connected with said purposes,
and to do and perform any and all acts
incidental to the carrying on OF the
: business of said corporation.
ARTICLE IN-The capital stock of
( this corporation is hereby fixed at the
= sum of twenty-five thousand dollars
= (S25 5000 represented by two hun
h dred and fifty I250) shares of the par
e value OF one hundred dollars ,sl0OOO)
}. each, which shares of stock shall be
paid for in cash or its equivalent, AT
: the time Of subscription, or may be Is
e sued for property actually received or
= purchased by said corporation, or Tor
services rendered to it. and at such time
e and in such manner as the Board OF
"A Directors may determine, which shares
- of stock shall be issued full paid and
II non assessable. and shall be transfer
n able only on the books OF the company
A, no stakeholder shall have the right to
q sell any of the shares OF stock owned
e by him without first having offered
& same in writing to the other stockhold-
4 ers at the book value of said shares
>; This corporation shall begin business
o when five thousand dollars of the cap
J. ital stock have been subscribed for.
IRstsIf l.a. NsrNn To nnN a.
I'd ers Of this corporation and the control
II and management of its affairs shall be
e vested in and exercised by a Board OF
d Directors TO be composed of four stock,
If holders Two members Of said board
IS shall constitute a quorum for the trans
= action OF all business. The directors
IF shall be elected annually by ballot Dy
the stockholders at the office of the
IF company on the first Monday in April
0, in each year after notice sent to each
IN stakeholder by mail 10 his last known
X Address at least five days prior to such
Of telection. Each stakeholder shall be en-
id titled in person or by proxy to one vote
Of for every share owned by him, and said
" election shall be held under such rules
Or as may be provided by said Board OF
directors. The directors thus elected
ID shall continue in Office for one year ana
lie until their successors are duly elected
l. and qualified; and no failure 10 elect
I'm shall be regarded as a FORFEITURE OF
r. said board shall be filled by the remain
be ing directors for the uneNplred term
IN Said board at it's first meeting after lts
r election. shall elect out OF its number
n a president, a vice president, and sec
rotary, who shall also be treasurer
TT And said board may make and estab.
I'd liSh. as well as alter ana amend, al
tie pleasure, all bylaws, rules ana reSula'
lg lions deemed necessary for the man
he agement of this company, ana shal
IL have the full authority TO appoint an'
discharge such clerks, agents and EN-
IS ployees as may be deemed necessary
ne and proper in the administration OF TN
he affairs OF said company Untll IN
first Monday in April, 1914, or untl
rs their successors shall have been elect
a ed and qualified. the first Board or ~
or rectors shall be composed OF the tol
ty lowing stock holders: Joseph Kaufman
m; | Samuel Kaufman. Charles Turk an
a | Karl Kern; with said Joseph Kaufman
e. as president Samuel Kaufman as vic
It president, and Charles TURK as secre
OF tary and treasurer.
Ell ARTICLE Who stakeholder shall
nG ever be held liable or responsible 10
~ the contracts. faults or debts or SAT-
~ company nor shall any mere informal
- ity in its organization have the effec
r. OF rendering this charter null or OF ex
nj | posing a stakeholder to any Ilaolllt
he beyond the unpaid balance due on n
~ | shares owned by him.
IA, ARTICLE vII-This act OF incorpora
no ton may be changed. modlhed or "a, az
es- tered. or this corporation may De dls
Ice solved with the assent OF three -tourt
as of the stock represented at geneTa
~ | meeting convened Tor tndL DuTpOSt dl
me er ten DAYS notice in writing shall nav
been given to each stakeholder by ma
De addressed to him at his last know
lne place of residence.
raj
the ARTICLE VIII-Whenever this col
the poration is dissolved. either by limit5
ice ton or otherwise, it's affairs shall !
asst liquidated by three commlsslonerS -
in lected from the stockholders at a gel
OF eral meeting convened for that purpos
ted and in the manner provided TOT IN y
ticle VII of this chatter; and sald con
Joy the affairs of said company shall be ~
we'd " liquidated: in case or death OF us
the bility of any one OF the commissioner
ital the survivor shall appoint a success
to him.
In Thus done and passed at my ONCE
ana the CITY Of New Orleans on the ia
'ses month and year first above written
her the presence of Thomas VI. Gin al
airy, Thomas NJ Gill, Jr., competent WI
nesses who have signed their nam
lers with said appearers and me, Notai
after reading the whole. -
emit (Original Signed JOE KAUFMAN,
SAM KAUFMAN,
y, CHAS. TURK.
C. KARL KERN.
ort- Witnesses: r. VI. Gin. T. NJ. Gill,
ans. 9. g. GILL, Notary Public
NY I the undersigned recorder OF mo
~ cages in and for the Parish OF Orled
~ state Of Louisiana, do hereby cert
VI that the above and foregoing Act of
CORPORATION OF the Joe Kaufman
Ttd woa this day duly recorded in