The herald., 1915-02-04

common stockholders, and one by the prefer.
red stockholders from among the preferred
stockholders, and in the event il should
be determined that there shall be five direct
ors on the board OF directors then and in that
event, three directors shall be elected by the
| common stockholders from among the COM
mon stockholders and two by the prefer
red stockholders from among the preferred
Stockholders, majority of the directors
elected shall constitute a quorum for the
transaction of business Said directors shall
be elected at a general meeting OF the stock
holders OF this corporation to be held on the
second Monday of February in each year as
aforesaid, unless SAID day shall be a legal
holiday, in which event said election shall
be held on the next succeeding business day.
Notice of said election shall be given to
each stockholder IN writing by letter adj
dressed and mailed to his last known resid.
ence al least fifteen days before such meet
The board OF directors shall at its first
meeting elect from among its members a
president, vice president and a secretary
treasurer
Any vacancy occurring among the direct.
ors OF this CORPORATION by death, resignation
or otherwise shall be filled by election for
the unexpired term by the remaining direct
ors from among the stockholders of this cor
POration.
The first election for directors shall be
| held at the annual meeting OF the corpora
ton on the second Monday in February 1915
until which time or until their successors
shall have been duly elected and qualified,
the following shall constitute the first board
OF directors: Albert kossman of New Orleans,
Wallace {. Marine of New Orleans, and
| Bella Kossman OF New Orleans. of whom
Albert kossman shall be president. Wallace
{. Marine shall be vice president and Bella
kOssman shall be secretary treasurer.
The failure for any cause to elect direct
ors on the day stipulated shall not dissolve
this corporation, but the officers and direct
ors then in office shall hold over until their
successors shall have been duly qualified In
n he
on the date stipulated, the president OF the
| corporation and in his absence the vice presi-
| dent, shall Immediately thereafter call new
election to be held after notice, herein
above provided, shall have been given TO
each stakeholder. At all elections and meet
| ings of stockholders of this corporation, ecah
| stakeholder shall be entitled to one. vote for
each share OF stock registered in his name
and may vote in person or by proxy. All
elections shall be by ballot.
Article VlI-This act of Incorporation may
capital stock increased or decreased, by and
with the consent of two-thirds of all the
stock.
A change in the objects and purposes may
| heretofore issued and an increase of the cap
iJal stock in excess of the amount originally
| named herein the TO which the cap
ital may be increased. may be made by three
fourths of all the outstanding stock.
This corporation may be dissolved by a
vote of two-thirds of all the stockholders at
, meeting called for that purpose.
Notices Of all meetings referred to in this
article shall be given in the same manner
as provided for notices of election in arti-
Gle VI of this charter.
In case of dissolution or termination Of
| this charter, either by limitation or other
wise, its affairs shall be liqudated by three
| liquidators selected by the stockholders at a
general meeting held as hereinabove provid-
| ed for. Said commissioners shall remain in
office until the affairs of the corporation
| shall have been fully liquidated and in case
| of death, resignation or incapacity of one or
more of said liquidators, the survivor or
] survivors shall continue to act.
Article VIII-No stakeholder of this cor
| poration shall be held liable or responsible
| for the contracts or faults of this corpora
| ton in any further sum than the unpaid bal.
| ance due this corporation on the shares OF
stock subscribed for by him, nor shall any
| mere informality in organization have the
effect of rendering this charter null or OF
exposing its stockholders 10 any liability, be
yond the unpaid balance, II any, due on his
Article IX-In order that this charter may
also serve as the original subscription list
the subscribers hereto have written opposite
| their names the number of shares subscribed
for by them.
The subscribers to this corporation are:
Albert Kossman, who resides at No. 1855
| Hurst street, New Orleans, has subscribed to
twelve thousand FIVE hundred dollars Csl2'sOo)
of the common stock, in the corporation; W al
lace c. Marine who resides at No: loS9 n
Robertson street, New Orleans, has sub
| scribed to one hundred dollars (sl0O) of the
preferred stock of this corporation and Bella
Kossman who resides at No. 1889 Hurst
street, New Orleans, has subscribed to one
hundred dollars $500 of the preferred stock
of this corporations; all of said stock being
payable in the manner set forth on the at
tached statement, which is to be read in con-
nection herewith.
Thus done and passed at New Orleans
this thirty-first day of December, 1914, in
the presence of Charles 1. Denechaud and
II. L. Stevenson competent witnesses, who
reside in this parish, who have signed these
presents, together with the said appearers
and me, notary, after due reading of the
whole.
Witnesses: Charles I Denechaud, II. L
Stevenson. .
Originally signed: Albert Kossman, $50
Hurst street, New Orleans; Bella Kossman
$3.50 Hurst street, New Orleans; Wallace