The herald., 1915-08-12


for the purpose Of such notice, and san board
of directors shall give immediate information
thereof, IN writing 10 all the other stock.
holders Of record. Before the expiration OF
the ten DAYS from the receipt Of said notice
by the board Of directors any shareholder
of record may offer to purchase, and may
acquire the right 10 purchase, SAID stock by
notifying the board OF directors IN writing and .
thereafter shall deposit the price OF SAID stock .
in cash with the corporation on or before
the expiration OF eighty days from the last
mentioned date.
Upon the receipt Of the first mentioned no.
tice the board Of directors shall advise the
person owning said stock, his agent or repre-
sentative, TO join the said board IN hNIng the
value of said stock. which value shall be /
established on the basis Of the last annual .
or sem-aunual statement or report of the /
corporation and the last monthly trial balance .
preceding the date Of such notice, and 10 the .
value thus found and established there shall! .
he added twenty-five per cent. and the sum
thus found and established shall constitute +.
the value and price OF sand stock.
II within the twenty four hours after such |.
notice. the owner, his agent or representative,
does not JOIN with the board IN blishlns
the price or value of the stock, the board may
proceed without further delay 10 TX the said
/ value, using the report and TRIAL balance
! aforesaid for that purpose, which writings
are declared to be conclusive evidence Tor
| and against all parties IN interest IN the
| premises, whether the value IS established
! bv the Joint act OF the owner, his agent,
! widow. heirs or representatives OF DN lllc
board Of directors acting IN default OF the CO.
! operation Of sand person or persons.
| Upon receipt OF the offer acceptance OF
any shareholder TO purchase said stock and
, upon obtaining guarantee satisfactory 10 said
board for the price thereof, the beard OF d.
| rectors shall th~reupon give notice thereof
TO the owner of the stock, his agent or repre-
sentative. and before the expiration OF the
period Of eighty days aforesaid, shall call IN
| the certificate or certificates representing such
stock and pay the price value thereof and
cause the same TO be transferred on the books
to the purchaser.
Second: The preference, option and right
of purchase heretofore vested by paragraph
hrst in the other shareholders shall exist IN
full force and effect in their favor to acquire
the shares Of stock OF a deceased stockhol der,
. | and the formalitleS and course of procedure,
, the terms conditions, stipulatons and delays
, hcreinaboye established IN said paragraph
shall apply in all respects to the procedure TO
be followed in case of death. Immediately
upon receipt Of information OF the death OF
| any shareholder, II shall be the duty OF the
board of directors to cause the necessary steps
r to he taken TO carry out and enforce these pro-
visions.
Third: The preference, option and right of
purchase hereinabove established shall run IN
favor of each shareholder OF record for his
yirile share in proportion to his existing hold
, ings in the stock, but should any shareholder
!. fail to exercise his right in this regard, his
right shall pass to and be absorbed by the
his widow, heirs or legal representatives, as
. the case may be, shall not be obliged to de-
liver said stock unless the offers to purchase
the same shall include and cover the entirety
of the offerings under paragraph hrst or al
}, Of the holdings under paragraph second.
Fourth: All certificates of stock shall beat
{ upon their face brief reference TO the rights
e herein established in favor of the stockhold
ers
. Article IV.-All the corporate powers shall
! be vested in and exercised by a board o.
|. directors composed of three stockholders, thu
majority of whom shall constitute a quorum
for the transaction of all business The boars
of directors shall be elected annually by th'
| stockholders at a meeting TO be held for tina
| purpose on the third Tuesday of March, o
= each year The directors thus elected shall
| continue in Office for year and thereatte
| until their successors are elected and quail
fed. ANY vacancy occurring on such boar
shall be filled by the remaining directors 70
the unexpired term.
Any director may appoint by written instru
ment another director or stakeholder 10 &C
as his proxy and in his stead at any and al
meetings of the board of directors.
At its first meeting after election tn
board of directors shall elect out of its ow
le number president, a vice president, and
); the right to appoint and dismiss such mana
~ gers, clerks and other employees OF the CO.
s poration as conditions may justify or III
3, business of the corporation require. III
es tenure of office of ali the EMPLOYEES of ii
at
AZ corporation shall be during the pleasure
nd the board of directors. Until the election
AZ be held on the twenty.hrst day of Marc
= 1916, the following named shall constitute Il
"a first board of directors, to-wit:
ed Ernest Lee Jahncke, whose post Office a
nd dress is 1928 Palmer Avenue, New Orlean
Is, louisiana; Paul F. Jahncke, whose post off
ter address is No. 7 Audubon Place, New O
he whose post Office address is sl4 Howard Av
re- nue. New Orleans, Louisiana.
Article V.-Meetings of stockholders
or the purpose of election or any other purpo
or may be held upon fifteen days notice Sc
I'VE by mail or delivered, and delivery Of su
nd notice in person or at the residence of
ms, stakeholder shall be sufficient for all pr
lod poses; such meetings may be held at al
his time or place by unanimous consent and wit
ew out notice. Any notice required by Il
charter or by any law of the State may
or waived and such waiver shall be in writ
and incorporated into the minutes OF a
meeting held under such waiver
re re The stock of this corporation has been ST
81 scribed as follows:
in Ernest Lee Jahncke, whose post Office {
dress is 1923 Palmer Avenue, New Orlea
La, % shares; Paul F. Jahncke, whose p
,lIf Office address is No. Audubon Place; N
uch oileans, la, ~ .Idr.s ~ Oh uows,d A,
VI nue., New Orleans, La, 20 shares
her Article VI-At the dissolution of this c
,er. poration the liquidators to be then and th
owe elected in addition TO the powers confer
upon them by the laws of this State, may
authorized to sell the property of the c
ltai poraton in whole or in block and to rece
az; in payment therefor the bonds or stocks
hIu any other corporations. They may also
uo authorized to compromise, arrange and adj
.n debts due by or to the corporation.
aid Article VII-The entire capital stock
Ired this company has been subscribed and fu
paid.
,eId Thus done and passed in my office on
.on. day. month and year, first above written,
,ted the presence of Abraham L. Greenwald q
nos. Joseph l. Weiss, competent witnesses, v
for have signed with the appearers and me,
to- notary, after reading the whole.
Original signed: Ernest Lee Jahncke, "
ares ter F. Jahncke, Paul F. Jahncke. A
aid Grecnwald, J. L. WEISS
,een FELIX J. DREYFOUs, Not Pul
at I. the undersigned recorder of mortgages
tner and for the parish of Orleans, do hereby
BOOK tify that the above and foregoing act OF
alue CORPORATION of the "Jahncke Service. In
pre- was this day duly recorded in my othce'
took book lls7, folio 347. New Orleans, July
GERS 1915.
any (SigneD EMILE J. LEONARD, by. R.
r. A true copy of the original act.
.n,n 2O4 Carondelet Street, New Orleans:
! Is (SeaD FELIX J. DREYFOUS. Not. l
July 8 IS q o aug S IL