The herald. [volume] (New Orleans, La.) 1905-1953, 1913-06-26

ter, who shall then and there proceed to
transact the business of this company.
If, after all or a part OF the preferred
stock heerIn authorized, shall have been Is
sued IL shall 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, resignation or for
any other cause, shall be filled by election
Tor the remainder of the term OF the board
bv the other directors A failure TO elect
directors on the date above provided, shall
not operate to dissolve the corporation or
10 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 he
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 be
president. first viCe-president. second vice
president and SeCretary-treaSurer.
Article NI.-ShOuld any StoCkholder,
either of the preferred or common stock, de
sire TO sell his stock he shall first offer the
same to the other stockholders Of the com
pany through the board of directors thereof
at 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.
binding on the corporation, unless made on
the books of the company and pursuant to
the provisions OF this charter
Article VII.-Wheneycr this corporation
shall be dissolved, either by limitation or for
any other cause, its affairs shall be iqui-
dated by three commissioners to be appoint
ed from amongst the stockholders, at a
general meeting Of the stockholders CON
vened for such purpose, of which meeting
notice shall be given for ten days. by writ
ten notice sent by registered mail TO 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. majority in amount of
the capital stock OF said company repre-
scented at such meeting shall be sufficient to
elect such commissioners.
Article VIII.-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 written notice
to each stakeholder, sent by registered mail
at least ten days prior TO the date or the
meeting.
Article IX-No stockholder Of this cor
pora ton shall be liable for contracts or
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 infOrmality in the or
ganiZatiOn of this corporation have the eff
feet of rendering this charter null, or of
exposing any of the stockholders thereof TO
any liability beyond such unpaid amount due
ON his subscription to stock.
Article X.--The first board of directors OF
this corporation shall consist Of Marcel
krauss, Arthur ]. KrauSs Lee krausS and
AleXa nder krauSS, and they shall serve until
the first Monday of April, 1914, together
,,.f& no ma ha tod
by the subscribers to the preferred stock,
| as hereinbefore provided. As soon 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 for
the first year at a meeting of all the pre-
ferred stockholders TO be called after ten
days notice in writing by registered mail
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 duly
elected and qualified as hereinbefore speci
| fically provided.
Thus done and passed at my Office in the
| city of New Orleans, on the day, month and
year herein first above written, in the pres
ence of Eldon S. Lazarus and John L. Cor
coran, competent witnesses, who have here
unto signed their names with the said ap-
bearers and me, notary, after due reading
Ol tle NuOlt
Original signed: VI. Krauss, 100 shares
A. J. KrausS, $50 shares; l. krauss, $50
shares 4. Krauxx, 100 shares; ]. G.. Swars
child, per III. l.. Lazarus, 500 shares Eldon
). Lazarus, Jno. l.. Corcoran.
II. MICHEL, Not Pub.
I. 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
Krauss Bros. Lumber Co. was this day re-
cd In in
New Orleans May 18th, 1913.
(Signed) EMILE LEONARD, d. r.
I, the undersigned notary public, do here
| by certify that the above and foregoing, to
gether with the certificate OF the recorder OF
mortgages in and for the parish of Orleans
| is a true and correct copy Of the charter OF
| the Krauss Brothers Lumber Company, the
original Of which is on file in my notar!a
office.
In faith whereof witness my hand anC
seal, this Goth day Of May, 1913.
III. MICHEL, Not. Pub.
may 90 june IL 10 % july 3