The herald., 1914-09-17

tors shall determine; and all stock shall be
paid Tor IN labor done, money or property
actually received. and at such time a. the
board of directors shall determine.
The amount TO which the capital stock may
be increased shall be twenty five thousand
(S25,OOO.0O) dollars.
No transfer OF stock shall be binding upon
this company unless made upon the books OF
the company, and no sale other disposal Of
SAID stock shall be valid unless first offered
to the remaining stockholders of this COM
pany Tor thirty days at price not in excess
OF the book value OF said stock on the date
OF such offer; and all stock held or acquired
IN this corporation shall be subject to this
provision of the charter.
Article VAN the powers of this corporati,n
shall be vested in and the business and al
fairs of the corporation managed by a board
OF three directors, who shall be elected annu-
ally at a meeting of the stockholders on the
first Monday in September OF each year; the
hrst board of directors to serve for the first
year, OF until their successors shall be elected
and qualified.
The first board of directors shall consist NJ.
Frank l. Samuels, New Orleans, La; Rob.
ert u. Harris, New CLEANS. La; Chester c
Chapman, New Orleans, La; with Frank L
Samuels as president; Chester {. Chapman
| as vice-president, and Robert o. Harris as
secretary-treasurer.
All elections shall be by ballot at the office
OF the company, under the supervision Of two
commissioners to be appointed by the board
OF directors. Notice of such meeting shall be
gwen by the sccTetary-treasurer in writing
delivered to each stakeholder in person or
: mailed to his last known address at least
hfteen days prior to such election, but this
notice may be waived by all the Stockholders
AT all such elections and at all meetings. of
the stockholders, every stakeholder shall be
entitled TO one vote for each share OF stock
standing in his name on the books of the com.
pany at the date of such election or meeting.
said votes to be cast in person OF by written
proxy, and a majority of the votes cast sbaii
elect.
The failure to eject directors at the annual
meeting shall not dissolve or affect the cor
operation nor impair its management in any
respect, but the directors in office shall re.
nam IN office until their successors are elect
ed and qualified. Each subsequent board Of
directors shall elect soon as possible after
thelr own election a president, a vicc-pesi-
ueht ana secretary treasurer, and may grant
| 10 each ofhcer such power they dem proper
All vacancies IN the board for whatever
cause shall be filled by the remaining direc-
tors Any member of the board may appoint
ahy other director his proxy TO act in his
place and stead at any meeting of the board
sad corporation shall have the right to pur.
chase any business or businesses within the
objects and purposes of this corporation and
| to pay therefor such price as the hoard M
directors shall determine. The board of di.
Iectors may make and amend all necessary
/ bylaws Tor the regulation of the company
Article Wins act of incorporation NAV
be modified, changed or.altered, or said cor
poration may be dissolved with the assent of
two-thirds OF the capital stock outstanding at
| hNSAihs VI the STOCKHOLDERS convened for
that purpose and after fifteen DAYS notice has
been delivered in person or given by letter
| mailed TO the last known address of ea,n
Slockhoider The said notice may be waived
holders.
In case of the dissolution of the CORPORA
ton ITS affairs shall be liquidated by two
commissioners elected by the stockholders
Article VII.-No stockholder shall ever be
/ held liable for the faults or contracts Of this
corporation IN any further sum than the IN
Psla balance due to the corporation on the
shares owned by him; nor shall any mere
! informality have the effect of rendering the
charter null or of exposing any stockholdcT to
any liability beyond the unpaid balance due
The subscribers hereto have respectively
written opposite their names the amount Of
! stock subscribed by them in this corporation.
SO that this act Of Incorporation may also
! serve as the original subscription list OF the
corporation, and they have stated their post
| 267 Of 1914.
! Thus done and passed at my office in the
the day, month and year FIRST hereina5ove
written, IN the presence of Harry T. Prosdaue
and Clarence E. Moses, competent witnesses
OF the age OF majority and residents Of this
| city, who hereunto sign their names with said
| whole. 's - 70"
~ Original signed: Franz; L. samuels. New
Orleans, La, 4s shares; r. o. Harris, New
orleans, La, ! share; Chester c. Chapman,
| New Orleans, La, / share.
Moses.
SCOTT F. BEER, Not. Pub
l, the undersigned recorder Of mortgages.
IN and for the parish of Orleans, state o.
LOUISIANA, do hereby certify that the above
am ana foregoing act Of Incorporation of Repub.
NJ poS company, Inc, was this day duly r,
corded IN my Office, in book 1927. folio =
| EMILE ]. LEONARD, D. K
SCOTT z. BEER, Not. Pub