The herald., 1915-01-21

common stockholders, and one by the prefer
red stockholders from among the preferred
stoc kholders, and in the event 1t 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 bv the
common stockholders from among the com.
mon stockholders and two by the prefer.
req Stockhoiders 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 wear 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 10
each stakeholder in writing by letter ad-
dressed and mailed to his last known resld-
enoe at least fifteen days before such meet
ing.
The board of directors shall at its first
meeting elect from among its members
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 unexpred 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
tion on the second Monday in February 1915
until which time or until their successors
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
hossman 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
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 he held after notice, as 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 Widths act of incorporation NAV
he 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 vote of all the stock
heretofore issued and increase of the cap.
ital stock in excess of the amount originally
named herein as 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-thirds of all the stockholders at
a 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 arts
Gle VI of this charter. s
In case OF dissolution or termination OF
this charter, either by limitation 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 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 VllI.-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, 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, if any, due on his
stock.
Article IX.-In order that this charter may
also serve as the original subscription list
their names the number of shares subscribed
for by them.
The subscribers to this corporation are:
Albert Kossman. who resides at No. 1889
Hurst STREET, New Orleans, has subscribed to
twelve thousand FIVE hundred dollars (sl25OO
of the common stock, in the corporation; Wal
lace c. Marine who resides at No. 1859 n.
Robertson street, New Orleans; has sub
scribed to one hundred dollars $500 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 (slOO of the preferred stock
of this corporation; 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-irst day of December, 1914, in
the presence of Charles l. 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 l Denechsud, II. L.
Stevenson.
Originally signed: Albert Kossman, $3.50
Hurst street, New Orleans; Bella Kossman,
$3.50 Hurst street, New Orleans; Wallace c.