The herald. [volume] (New Orleans, La.) 1905-1953, 1914-08-13

to the stockholders of the corporation.
through its board Of directors, and the
stockholders who desire to purchas"
shall have the right to purchase the
same, in proportion to their holdings
Of stock in the corporation, at book
value. Should any stockholders in
thirty days aft notice having been
given fan or refuse 10 purchase IN"
stock offered for sale, such stock may
be sold to any one.
80 transfer Of stock shall be made
or held To- toe valid and binding UNI -
made on the books OF the company,
and unless made in pursuance Of the
provisions Of this charter.
ARTICLE Nl.-Thr business of said
corporation shall be directed 10y and
vested IN "A board of q rcCtoTS com
posed Of four stockholders, three OF
whom shall constitute quorum for
the transaction Of all business. and thu
said directors As first constituted shall
be: Nathan Stern. Edward Marx, Max
the said Nathan stern as president,
and Edward Marx as secretary and
treasurer. as the trst officers Of said
CORPORATION, who shall hold office Uu-
Ill the first Tuesday, in February.
1915, and until their successors are
elected Elections for board Of di-
rcctors shall take place annually, be
J ginning the first Tuesday IN February.
/ 1918. and said board shall elect from
/ its number prcsidcnt and secretary
! and treasurer, tn" office of secretary
and treasurer may be combined and
/ held by one and tho same person. only
/ stock holders shall be eligible for .lcy-
/ ton as a member Of tn" board Of di-
/ recturs. Failure to hold an election on
! the day specified shall not dissolve the
/ CORPORATION, but the directors then in
/ office shall hold their respective offices
/ until an election Is held after ten days
| motto" of the time and place thereof
| given to each stockholdcr. All vacau-
DirS occurring on the board of Iii rect
| ors shall be filled by tn" remaining
directors. Directors and Stockholders
! shall be entitled to vote in person OF
10y proxy.
ARTICLE NII.-Whencvcr this cor.
poratiOn is dissolved. either by limita,
ton or for any other cause. its affair
shall be nqUIdatcd by the board Of Ill
rrctors. who are hereby vested will
fun power to sell any and all asset
of the corporation. either separately 81
in mass. and t. convey full and com
pletc t;tlc thereto, and shall have full
power TO do and perform all acts nee
cssary and proper to fully and com
| pletcly liquidate the affairs and dis
tribute the proceeds if any. among tn
stockholders Of said corporation to tn
amount Of stock held by each.
ARTICLE VIII.-This act Of inCor
pOratiOn may be amended, altered o
= modified. materially or otherwise, o
this corporation may be dissolved. b.
vote of three-fourths Of the share
; of the total amount of stock at a meet
|
ten days notice in writing mailed o
delivered to the last known address O
each stOCkhOlder.
Thus done and passed. in my Office
T in the city Of New Orleans. state @
: Lou Siana. on the day. and in tn
month and year herein first abov
written, in the presence of Ralph
: SchwarZ and 4. Miles COe. Compcten
witnesses. who have hereunto siEne
these presents. with the appearer
: hereto. and me. notary, after readin
Of the whole.
Original signed: Names Of sub
2 scrihers omitted. witnesses: Ralp
J. SchwarZ. a. Miles Coe.
PHILIP GENSLER. JR..
Notary Public.
]. the undersigned recorder Of mort
cages, in and for the parish Of or
leans. state of Louisiana. do hereb
! certify that the above and fOregoin
! act of incorporation of "Orleans Che m
r ical Company was this day duly r.
T corded in my office in book 1927, foil
E New Orleans. July 21st. 1914.
(Signed) EMILE ]. LEONARD. d. /
! A true copy, with the names OF sub
4 sCribers and number Of shares sub
scribed for by each, omitted.
PHILIP GENSLER. JR..
Notary Public.
e jul % 80 aug ~ 2O27