The herald., 1915-01-28

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 or 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 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 "a
aforesaid, unless said day shall be legal
holiday, IN which event said election shall
be held on tn" next succeeding business day
Notice OF said election shall be given to
each stakeholder IN writing by letter ad-
dressed and mailed to his last known rcsid-
ence at least fifteen days before such meet
ING.
The board of directors shall at its first
meeting elect from among its members 4
president, d vice president and i secretary
treasurer.
Any vacancy occurring among the direct
oTS 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 1918,
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 seCrctary-treasuTer.
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
the event OF any failure to hold the election
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, as herein
above provided, shall have been given TO
each stockhoder. At all elections and meet
| ings OF stockholders OF this corporation, ecah
stoCkholder 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 NII.-This act OF Incorporation may
| be changed, modified amended, or the
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
| be made only by a vote of all the stock
| heretofore issued and an increase of the cap
| ital stock in excess of the amount originally
/ named herein the sum 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-thlrdS OF all the StOCknOldeTS al
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 termination oil
| this charter, either by limitation or other
wise, its affairs shall be liquidated by three
| liquidators selected by the stockholders at a
| general meeting held as hereinabove provid
ed for Said commissioners shall remain ir
| office until the affairs of the corporation
shall have been fully liquidated and in case
of death, resignation or incapacity of one OF
more of said liquidators, the survivor OF
survivors shall continue to act.
| Article NIII.-No stakeholder of this cor
poration shall be held liable or responsible
for the contracts or faults OF this corpora
tion in any further sum than the unpaid bal
| ance due this corporation on the shares o.
stock subscribed for by him, nor shall any
mere informality in organization have thu
effect of rendering this charter null or o
| exposing it's stockholders 10 any liability, be
yond the unpaid balance, If any, due on hi
stock.
Article IX-In order that this charter MAJ
also serve as the original subscription list
the subscribers hereto have written. opposit,
their names the number of shares subscribed
for by them.
The subscribers to this corporation are
Albert Kossman, who resides at No. l5S
Hurst street. New Orleans, has subscribed 4
twelve thousand FIVE hundred dollars (sl2500
of the common stock, in the corporation; Wal
lace {. Marine who resides at NO. 1867 n
Robertson street, New Orleans, has sub
|. scribed TO one hundred dollars (Sl0O) of tn
preferred stock of this corporation and Bell
{ Kossman who resides at No. 1889 Hurs
street, New Orleans, has subscribed TO on
hundred dollars (SlOO) of the preferred stool
of this corporation; all of said stock bein
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-hrst day of December, 1914, i
{ the presence of Charles /. Denechaud an
. II. L. Stevenson competent witnesses, VIII
reside in this parish, who have signed thes
{ presents, together with the said appearer
and me, notary, after due reading OF IN
: whole.
: Witnesses: Charles I Denechaud, II.
: Stevenson. -
t Originally signed: Albert kossman, S.
i Hurst street. New Orleans; Bella KossmaI
{ $3.50 Hurst street, New Orleans; Wallace