The herald., 1915-04-15

, ana, ana an citations and other l....,
process shall bee served ON the President
! IN ms absence, ON a." Vice President
and In the absence OF both. on tn, So,
I rctary-Trea ~urer.
Article IlI--Thc objects ana purpose.
Tor which the corporation is or-auizp,
ana the nature of the business tu o.,
carried on 10y il are hereby declared {,
| bc. To buy. sell ami deal in at retail
ana Wholesale. ana rou~iyu ana rerriy,
on consignment. clothing. hate. caps
W""lyn and linen goods of every
description haberdaShcry. gents and
| ladies furnishings. and all or any other
| articles OF wear, and generally To- engage
| IN and carry on any other cntcruIISe OF
business which may ho -ermauc or
| incidental To-. or connected with. the
| purposes hcroinaboyc set forth or con
| templated by this charter
Article IN.-The capital stock of this
corporation is fixed at the sum of one
| hundred thousand t$lUu.U .uur dollars.
| divided into one thousand shares of IN.
| par value Of one hundred dollars each.
(which have been entirely subscribed and
paid Tor IN cash by the appearcr~, as
hereinafter more fully shown All
shares OF stock shall be fuII-paid and
non-aSSeSSahle. No transfer Of stock
snail he binding upon the corporation
unless made upon its books ana an Ger
tiiiCateS of stock shall br signed hv such
board IF directors. This CORPORATION
shall have the right to increase its
capital stock to the further sum of one
hundred thousand tSluU. UuU. COZ dollars
To Ice divided also into shares of one
hundred t$lOUD dollars each. provided
said increase in the capital stock shall
have been authorized by the stock
holders at meeting to be- held pursuant
To the provisions of Article V. of this
charter. No stakeholder shall sell any
share of stock to any person not already
a stakeholder. unless he shall have
offered such share or shares to said cor
poration at the book value as rs
tabliShed by the last inventory. AMI.
when the offer il made to the corpora
tion, il shall be its duty to advise the
remaining stockholders of said offer
that they may have an opportunity to
purchase said stock. which option, how
ever, they must exercise within five days
from receipt of notice by the company.
All certificates of stock shall have
written or printed across their face. the
words. These shares are aSSiguabIe
only according to the Charter and BY
Laws of this Company"
Article N.-All the corporate powers
OF the Company shall Ice vested in. and
the management and control of it's af-
ialrs, shall he exercised by. a board of
directors composed OF three StOCkhOld-
erS. \ majority of the directors shall
constitute quorum for the transac-
ton of all business. The directors shall
be elected annually, by ballot. by the
stockholders. on the first Monday in
April in each year. Each stakeholder
shall be entitled, i'm person or by proxy.
To vote for every share owned by him
and all elections shall be held under
such rules and regulations as may Ice
determined by the board of directors.
after fifteen days notice of such cleo
ton shall have been sent to each stock
holder at his last known address. The
directors thus elected shall continue i'm
once for one year, or until their sue
ceSSOrS shall have been duly elected and
quallhed. No failure to elect shall be
regarded as a forfeiture of this charter
Any vacancy occurring on said board
shall be filled by the remaining directors
for the uneXpired term. Said board of
directors shall at its first meeting. after
Its election, nominate out of its num-
her. President, a Nice-PreSident and a
ACKNOWLEDGEMENTS. Said board shall
have the right to appoint and dismiss
such clerks. managers. and other en-
ployes of the corporation. as conditions |
may justify or the business of the cor
poratiOn may require. The tenure of |
office of all the employees of the CORPORA |
tion shall be during the pleasure of the |
board of directors. ANY of the directors
shall have the right to appoint, by writ |
ten instrument, another director or
stakeholder to act as his proxy and in |
his stead at any and all meetings of |
the board of directors.
Article Vino stakeholder shall ever |
be held liable or responsible for the con- |
tracts. faults or debts of said CORPORA
ton, nor shall any mere informality i'm |
its organization have the effect of rem |
dering this charter null or of exposing |
a stakeholder to any liability beyond the |
unpaid balance due on the shares owned |
by him.
Article VII.-This act Of incorporation |
may be changed, modified or altered, or |
this corporation may be dissolved, with |
the assent of the stockholders owning |
twO-thirdS of all the stock of the cor
poration, at general meeting convened !
for that purpose, and after at least ten |
days written notice of this meeting has
been given through mail. addressed to !
each shareholder at his last konwn place
of residence. In case of dissolution by |
the expiration Of this charter or other |
wise, the stockholders shall elect three
liquidators from among their number. to |
lfquidate and settle the business and af- i
fairs of the company. In case of death |
or disability of any one of said commits
sioners or liquidators. the survivors, or |
the remaining liquidators. shall appoint |
a successor to him. The said liquidators |
shall have full power to settle said COM |
pany's affairs, collect outstanding debts |
sell and convey property, pay it's debts |
and divide the remaining money and /
among the stockholders. They
shall also have power to meet and act /
under the bylaws of the corporation and |
under regulations to be made by a ma /
jority of said liquidatOrs; to fix the price /
and prescribe the terms and conditions ]
of sale of said property and the manner |
in which the sale shall be made, and |
take notice and bonds. secured by mort |
gage or otherwise, for part of the pur- |
chase price for all or any part of said |
property; provided. however, that the |
rights herein conferred upon the liqui- |
dators may be modified. changed or de- |
MED by majority of the shares of the /
capital stock of the corporation. The |
said liquidators shall have authority to |
sue for and recover the debts and prop |
erty in the name of the corporation, and !,
may be sued by the same name and they |
shall be liable in solidO to any creditor
or stockholder for the monies and prop
erty of the corporation which shall come
to their hands or possession as liquida-
tors. and for the proper application
and distribution thereof.
Article VIII.-Mrs. Rose LaZard.
widow of the late Mayer Israel, and
whose postoffice address is 6226 st.
Charles Avenue New Orleans, Louisiana,
has subscribed to 500 shares; Mayer
Israel. Jr., whose postoffice is also 1926
st. Charles Avenue. New Orleans. Lou
sana. has subscribed to ESQ shares; |
Leopold l.. LaZard, whose postOffice adj
lress is 1926 Bordeaux Street. New Or
cans, Louisiana, has subscribed to $50
shares; Mrs Blanche Israel. the wife of
Jacques A. Moss, whose postoffice adj
lress is 6226 st. Charles Avenue, New
Orleans, Louisiana, has subscribed to so
shares; and Mrs. Irma Israel, the wife
IF Benjamin A. Moss, whose postoffice
address is Milan and Dryades Streets,
Sew Orleans, Louisiana, has also sub
scribed to so shares.