The herald. [volume] (New Orleans, La.) 1905-1953, 1915-01-07

common stockholders, and one by the prefer.
red stock holdeTS from among the preferred
stool holders, and IN the event II 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. A majority of the directors
elected shall constitute a quorum tor 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 az
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 stakeholder m writing by letter adj
dressed and mailed 10 his last known resid-
ence at least fifteen days before such meet
ing.
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 al the annual meeting OF the corpora
tion on the second Monday in February 1915
until which time 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-treasuTer.
! The failure Tor 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 until Their
successors shall have been duly, qualified. II
| the event OF any failure 10 hold the election
! on the date stipulated, the president OF tho
| corporation and in his absence the vice presi
| dent, shall Immediately thereafter call a new
| election to be held after notice, as herein
above provided, shall have been given L
each stockhoder. At all elections and meet
| ings of stockholders OF this corporation, ecai
stakeholder shall be entitled TO one vote 10
each share OF stock registered in his nam,
and may vote in person or by proxy. Al
elections shall be by ballot.
| Article NII.-This act OF Incorporation ma
| he changed, modified or amended, or III
capital stock increased or decreased, by an
with the consent OF two-thirds OF all IN
stock.
!, A change in the objects and purposes ma
be made only by vote of all the stoc
heretofore issued and an increase OF the car
ital stock in excess of the amount original
named herein as the sum to which the car
ital may be increased, may be made by three
fourths of all the outstanding stock.
This corporation may be dissolved by
. a meeting called for that purpose.
Notices of all meetings referred to IN tn
2 article shall be gwen IN the same fnahr'
as provided for notices OF election IN art
Gle VI of this charter.
In case of dissolution OF termination
r this charter, either by limitation or othe
r wise it's affairs shall be liquidated by thrt
! liquidators selected by the stockholders al
y general meeting held as hereinabove provi
ed for. Said commissioners shall remain
office until the affairs of the corporate
: shall have been fully liQuidated and IN ca
& of death, resignation or incapacity OF one
! more of said liquidators, the survivor
j | survivors shall continue to act.
n, Article VIII.-No stockholder of this CO
d poration shall be held liable or responsib
c | for the contracts OF faults of this corpor
| ton in any further sum than the unpaid b.
S ance due this corporation on the shares
e stock subscribed for by him, nor shall al
= mere informality in organization nave
IS effect of rendering this charter null or
| exposing its stockholders 10 any liability,
Il yond the unpaid balance, If any, due on
If stock.
Ie Article IX.-In order that this charter m
d also serve as the original subscription IL
& the subscribers hereto have written opposl
c, their names the number of shares subscrib
lie for by them.
1r The subscribers to this corporation az
ID Albert Kossman, who resides at No. !!
id Hurst street, New Orleans, has subscribed
n. twelve thousand FIVE hundred dollars CSl2S
T, of the common stock, iii the corporation; W
X lace {. Marine VINO reslues dt w; W.
n Robertson street, New Orleans, has 81
ne scribed to one hundred dollars. (slOO of
D. preferred stock of this corporation and BE
of Kossman who resides at No. 1889 Hu
street, New Orleans, has subscribed 10
r. hundred dollars $500 of the preferred ste
of of this corporations; all of said, stock bel
of payable in the manner set forth on the
ng tached statement, which is TO be read IN c.
nection herewith.
lis Thus done and passed at New OIlea
r. this thirty-hrst day of December. 1919,
of the presence of Charles /. Denechaud q
We II. l.. Stevenson competent witnesses "
Ct reside in this parish, who have signed tn
of nresents. together with the said appear
m and me, notary, after due reading OF
&C. whole. -, II
he Witnesses: Charles l Denechaud, ii.
IN Stevenson. 80
lat Originally signed: Albert kossman,
ed Hurst street, New Orleans; Bella kossn
he $3.50 Hurst street, New Orleans; Wallace