The herald., 1913-06-05

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, 1t 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 (2) directors
Any vacancy occurring among the direc-
tors by reason of death. resignation or for
any other cause, shall be filed by election
Tor the remainder of the term OF the board
by the other directors. 4 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
snail have been given In writing to each
stakeholder.
The officers OF this corporation shall be
a president. first vice-preSldent, second vice
president and secretary-treasurcr.
Article Nl.-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 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 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-
DARED by three commissioners TO be appoint
ed from amongst the stockholders, at u
general meeting of the stockholders CON
yened for such purpose, of which meeting
notice shall he 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 Elll.-ThiS act Of Incorporation
may he changed, modified or altered said
corporation may be dissolved with the
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
To each stakeholder, sent by registered mail
at least ten days prior 10 the date or the
meeting.
Article IX-No stakeholder Of this cor
poratiOn shall be liable for contracts or
faults Of said corporation in any further
sum than the unpaid balance due on his
subscription 10 the capital stock thereof,
nor snail any mere ln1Ormallty IN the or
ganizatiOn of this corporation have the eff
feet of rendering this charter null, or OF
exposing any of the stockholders thereof 10
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 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
by the subscribers 10 the preferred stock
as hereinbefore provided. As soon as any
of such preferred stock shall have been is
sued, IL 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 10 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,
lSecretary-treasurer, and they shall serve I'M
til their successors shall have been duly
elected and qualified as hereinbefore speci-
icaly 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 :. Lazarus and John L. Cor
coran, competent witnesses, who have here
unto signed their names with the said ap-
pearers and me, notary, after due reading
Of the whole.
Original signed: VI. Krauss, 100 shares !:
a. j. Krauss, $50 shares L. KrauSs, $50
shares A. KrauII 100 shares; ]. G.. Swars-
child, per III. l.. Lazarus, 500 shares EldOn
). Lazarus, JnO. l.. Corcoran.
II. MICHEL. Not. Pub.
|. 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 1OsS, folio 49,
New Orleans, May 18th, 1913.
tSigned) 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 true and correct copy of the charter of
the krauss Brothers Lumber Company the
original Of which Is on file In my nOtar!al
Office.
In faith whereof witness my hand and
seal, this 26th day of May, 1913.
III. MICHEL Not. Pub.
may % june IL 10 &c july 3