The herald. [volume] (New Orleans, La.) 1905-1953, 1913-06-12

ter who shall then and there proceed to
transact the business Of this company.
II, after all or a part OF the preferred
stock heerin authorized. shall have been Is
sued, it shalt happen that the dividends on
said preferred stock shall not have been
paid during two successive years, then the
holders of the preferred stock shall elect
four (4) directors. and the holders Of the
common stock shall elect two (2) directors.
Any vacancy occurring among the direc-
tors by reason of death, resgnatiO or for
any other cause. shall be filled by election
IOr the remainder of the term Of the board
by the other directors. A failure TO elect
directors on the date above provided, shall
not operate to dissolve the corporation or
to affect It's corporate existence. and the
directors then in Office shall continue until
their successors are duly elected and quail
fed. and shall cause another election to be
held by the stockholders as soon as possible
thereafter, after ten days notice thereof
shall have been given In writing to each
stakeholder.
The officers OF this corporation shall he
a president. first yicc-preSident, second Vice
president and SeCretary-treasurer.
Article NI.-ShOuld any stakeholder,
either Of the preferred or common stock, de
sire 10 sell his stock, he shall first offer the
same TO the other stockholders Of the com
Dany through the board Of directors thereof
M its book value Should such stakeholder
or any of them fail or refuse to purchase
the stock thus offered for sale, within five
DAYS after such offer shall have been made
in writing. then such stock may be sold to
any one.
No transfer OF stock shall be made or be
binding on the corporation, unless made on
the books OF the company and pursuant 10
the provisions OF this charter
Article VII.-Wheneyer this corporation
shall be dissolved either by limitation or for
any other cause, its affairs shall be hqui-
dated by three commissioners to be appoint
ed from amongst the stockholders, at a
. Ia N..lsN Rtll
vened for such purpose Of which meeting
notice shall be given for ten days, by writ
ten notice sent by registered mail 10 each
registered holder of the preferred and COM
mon stock, and by publication in at least
one newspaper in the city OF New Orleans
during such time. \ ma jority in amount OF
the capital stock OF said company repre-
scented at such meeting shall be sufficient 10
elect such commissioners.
Article EIII.-This act Of Incorporation
may be changed modified or altered, or said
corporation may be dissolved with the as
sent of the majority OF the capital STOCK
represented at general meeting OF the pre-,
ferred and common stockholders, convened
for such purpose, and after a written notice
TO each stakeholder, sent by registered mall
at least ten days prior 10 the date OF the
meeting.
Article IX.-No stakeholder OF this cor.
pOratiOn shall be liable for contracts OF
faults Of said corporation in any further
sum than the unpaid balance due on his
subscription TO the capital stock thereof
nor shall any mere informally in the or
ganization of this corporation have the ef
feet of rendering this charter null, or oil
exposing any of the stockholders thereof &c
any liability beyond such unpaid amount due
on his subscription TO stock.
Article N-The first board OF directors OF
this corporation shall consist Of Marco
Krauss, Arthur j. KrausS, Lee krauSS anc
Alexa nder krauss, and they shall serve unti
the first Monday of April, 1914. together
ltt-iE ha turn hn
| BIZ the subscribers TO the preferred stock
| as hereinbefore provided AS soOR as any
of such preferred stock shall have been Is
sued, it shall be competent for the stock
holders thereof to elect the two directors To-
the first year at a meeting Of all the pre-
| ferred stockholders TO be called after tel
| days notice in writing by registered mai
| TO each of said preferred stockholders.
The present officers OF the corporation
shall be Marcel Krauss president Arthur J
| Krauss, first vice-president Lee Krauss, sec
| ond vice-president, and Alexander krauSs
| secretary treasurer, and they shall serve un
| til their successors shall have been dul,
elected and qualified as hereinbefore speci
| fically provided.
Thus done and passed at my of6ce in tn
| city of New Orleans. on the day, month an
year herein first above written, in the pres
ence of Eldon 5. Lazarus and John l.. Cor
| cOTan, competent witnesses, who have here
unto signed their names with the said ap
bearers and me, notary, after due readin,
| or the whole.
Original signed VI. Krauss, 100 shares
A. J. Krauss, $50 shares; l.. Krauss, 6Jt
| shares 4. KrauxI, 100 shares j. G.. Swars
child, per ii. L. Lazarus, 500 shares Eldol
$. Lazarus, Jno. l.. CorcOran.
II. MICHEL Not. Pub.
| l. the undersigned recorder OF mortgages
| in and for the parish of Orleans, state o
| Louisiana, do hereby certify that the abov
and foregoing act of Incorporation OF tn
| Krauss Bros. Lumber Co. was this day re
corded in my office, in book loss, folio 452
New Orleans, May 18th, 1913.
| (Signed) EMILE LEONARD, ID. r.
I, the undersigned notary public, do here
| by certify that the above and foregoing, 10
| gether with the certificate OF the recorder o
mortgages in and for the parish OF Orleans
| Is true and correct copy Of the charter o
| the Krauss Brothers Lumber Company, tn
original of which Is on file in my notar!a
| office.
In faith whereof witness my hand an
seal, this 26th day of May, 1919.
| III. MICHFL, Not. Pub.
may 30 june Il 10 20 july
Ion " ~,