The herald. [volume] (New Orleans, La.) 1905-1953, 1915-01-21
THE HE II AID

issuance OF such shares or STOCK, snail
be conclusive evidence of such valua-
ton; and any and all persons, partner
ships, associations. corporations, stock
holders or creditors dealing with this
corporation are concluded thereby, and
any and all persons, partnerships, asSO-
Citations, corporations, stockholders or
creditors dealing with this corporation,
hereby waive any right or cause of
action against the original or subsequent
owner or owners of such shares of the
capital stock issued to IT, him, her or
them in payment or exchange for labor
done or services rendered. or for such
rights, credits, contracts and property
valued by the Board Of Directors as
aforesaid: and each, every and any and
all contract, contracts or undertakings
made by or entered into with this cor
pOration shall be subject to this prOvis-
ion of this Charter.
All of said stock shall be fun paid and
worcestershire when issued and deliver
ed; and transfers thereof shall not be
binding on the Company unless recorded
in its books. and shall be further sub
jeCt to such rules, regulations and con
ditions as the Board of Directors may
prescribe.
Article IV.-All the corporate powers
Of this corporation shall be vested in and
exercised by a Board of three 90 Direc-
tors TO he composed of stockholders,
two l2) Of whom shall constitute
quorum for tTanSaCting all business.
The Board of Directors shall be vested
with fun power and authority TO make
All tbulIdClS. purchases anu safes, anu
adopt all bylaws, rules and regulations
for the government OF the business and
affairs OF this Company, and alter, demand,
and change the same at pleasure, ap-
point, hire ana discharge all officers,
agents and employees, all salaries, and
generally to do and perform all things
necessary in the transaction Of the bust
ness and affairs Of the Company. Any
vacancy occurring in said Board shall
be filled by the remaining Directors in
the manner provided for in the bylaws.
The first Board Of Directors Of this
corporation shall consist Of o. NJ.
Samuel. Ferdinand Samuel and Renee
Samuel, with the said o. NJ. Samuel,
1887 Bordeaux Street as President.
| Ferdinand Samuel, 1872 Lafayette Street,
| as Vice-President; and Renee Samuel,
| 1887 Bordeaux Street, as Secretary
| Treasurer, who shall hold their offices
| until the first Monday in January, 1916.
| or until their successors are duly elected and
| qualified.
| ON the first Monday in January, 1916.
| and annually thereafter, an election for
| Directors shall be held at the Office of
| two Commissioners to be appointed by
| the President, and the Directors then
| elected shall take their seats immediate
Ply and shall hold office until their sue
| ceSSOrS are duly elected and qualified
| Each Board shall elect its own officers
| which shall consist of a President, q
| Nice-Presdent and a Secretary-Treas'
| urer.
| All corporate elections shall be by
| ballot, and majority of the votes cast
| shall elect, and at all stockholders
meetings held for any purpose, Cacf
share Of stock shall be entitled to on,
vote, either in person or by proxy, 10y
| the person in whose name same j!
registered on the books Of the Company
and the Board of Directors may clos,
| the stock transfer books for period no
| exceeding thirty days before any meet
ing.
! Written notice of stockholders meet
| shall StOpkhnlnn
| by the Secretary-TreaSurer at least tel
| G0D days prior to elections, by mailing
| same, postage prepaid to his last known
| post office address.
| Article V.-This Charter may be modi
| fed, changed, altered or amended, o.
| this corporation may be dissolved Will
| the assent of twO-thirdS of all its capita
stock represented at a general meeting
of the stockholders held for that pur
pose, after written notice shall have
been given to each stakeholder by tn
| OBSERVATION-DISCLOSURES at least ten days
prior to the holding of said meeting by
mailing same postage prepaid to his las
known post office address.
| Article Nl-Whenever this corpora
! ton is dissolved, either by limitation %
its Charter or from any cause, its affairs
shall be lquidated by two 90 Commits
sioners to be appointed from among tn
stockholders at a. meeting of the stock
| holders convened for that purpose afte
ten 1O) days prior notice shall hav
, been given by the Secretary Treasure
|
shall remain in office until the affair
| of said corporation shall have been full.
| liquidated In case of death of eithe
| Commissioner, the survivor shall con
. | tinue to act.
Article VII-No stockholder of thi
corporation shall ever be held liable o
| responsible for the contracts or fault
| thereof in any further sum than the un
paid balance due to the corporation o,
the shares owned by him nor shall an
| mere in fOrmality in organization have III
effect of rendering this Charter null, no
| of exposing a stOckhoIder to any liabil
ty beyond the amount of his stock.
The subscribers hereto have eac
written opposite their names, the number
| shares subscribed for, so that this AC
may also serve as the original subscrip
ton list.
Thus done and passed in my notaris
office, in the City Of New Orlean:
: Louisiana, in the presence Of f. Howar
McCaleb and c. A. Hermann, competen
witnesses of lawful age, and residing i
> this city, who hereuntO subscribe thei
names, together with said parties, an
me, Notary, on the day and date Sc
forth in the caption hereof
, Original signed: q. NJ. Samuel, ar
{ others
| Hermann.
ARTHUR h. LEOPOLD. Notary Pub.
ARTHUR B. LEOPOLD, Notary Publ
| cages in and for the Parish of Orlean:
, State OF Louisiana, do hereby certif
! that the above and foregoing Act o
Wrecking Company was this day dull
recorded in my office, in Book 112'
, folio
New Orleans. La, Jan. IL, 1915.
(SignedD EMILE J. LEONARD, by. !
(seaD ARTHUR b. LEOPOLD.
r Jan. 14-21-2s, Feb. 4-l1-1s.