The herald. [volume] (New Orleans, La.) 1905-1953, 1913-07-03

ter, who shall then and there proceed to
transact the business Of this company.
IL, 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 "a directors, and the holders Of the
common stock shall elect two ~ directors
Any vacancy occurring among the direc-
tors by reason OF death, resignation 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 its 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 be
a president, first vice-preSident, second Vice
president and secretary-treaSurer.
Article VI.-Should any stakeholder.
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 It's book value. Should such stakeholder
or any Of them fail or refuse to purcha Sc
the stock thus offered for sale, within five
davs after such offer shall have been made
in writing, then such stock may be sold 10
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 to
the provisions OF this charter
Article VII.-Whenever this corporation
shall be dissolved, either by limitation or for
any other cause, its affairs shall BE- liqui-
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 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. 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 a general meeting OF the pre-
ferred and common stockholders, convened
for such purpose, and after a written notice
10 each stOckhOlder, sent by registered mall
at least ten days prior to the date OF the
meeting.
Article IX-No stOckho,ier OF this cor
pora ton shall be liable for contracts or
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
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 J. krauSs, Lee krauss and
Alexander krauSS, and they shall serve until
the first Monday of April, 1914 together
with the two directors who may be elected
hy Ia
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 yice-president: Lee Krauss, sec
ond vice-president, and Alexander Krauss
secretary treasurer, and they shall serve un-
| til their successors shall have been duly
| ically 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
of the whole.
Original signed: VI. Krauss, 100 shares
A ]. Krauss, $50 shares L. krauss, $50
shares A. KrauIx, 100 shares J. G. Swars
child, per II. l.. lazarus, 500 shares; Eldon
| s. 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
corded In my office, in book 1888, folio 452
New Orleans, May 18th, 1918.
(Signed) EMILE LEONARD, ID. 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 true and correct copy Of the charter Of
| the Krauss Brothers Lumber Company, the
original Of which Is on file In my noIar!a
| Office.
In faith whereof witness my hand and
seal, this 26th day Of May, 1913.
| Fl. MICHEL, Not. Pub.
may 80 June IL 10 % july 8