The herald. [volume] (New Orleans, La.) 1905-1953, 1915-05-06

! LOUIS
f ana. and all citations ana other leg.
! process shall Doe SCI rived ON the IrDSidru'
] / IN his absence. ON tn, Vice president
7 / ana IN the ahscnc" of botn. on the 81,
- Rotary Treasurer
, ArjICl" IIl.-Thc objects and purpos,
p for which the corporation is or-auizv
and tn" nature of tine business To 90
: carried on 10y d are hereby declared {,
! Ice. Ia buy. sell and deal i'm. at retail
and wholesale. ana cuuSicu ANA rrcc.,,
| on consignment. clothing. hats, CAPS
wooden and linen goods OF ever,
description. hah"rdast-ry gents am
| ladies furnishings. and an or any other
articles of wear, and -ru-rHIIy to ,u-a-,
! ~ ana carry on amy other .ur,rrri~c .ul
business which may Dee -trmrur or
Incidental To-. OF CONNECTED With. o.,
purposes herrInahDyc set forth or CON
iemplated hy this charter.
| Article lN-Tuc capital stock of this
corporation Is nN,d M tr" sum of pu,
hundred thousand CSlp,.uuog dollars.
Idlvldcd into one thousand shares of l.,
| par valu" of one hundred dollars each.
which have been entirely subscribed and
paid Tor in cash by the app,arrr~. as
| hereinafter NOR" fully Shown. All
| shares of stock shall hr tulI-Vaid and
| worcestershire. 40 transfer of stock
| shall he binding upon the CORPORATION
| unless made upon lis books and an Ger
| iincai"S of stock shall hr ~iuurG by such
officers as may bee d,~luHat,d by the
board of directors This corporation
| shall have the rI-Ht to increase its
capital stock To- the further sum of one
hundred thousand t$lUU. zoos up dollars.
to be divided also into shares of on,
hundred i$loOD dollars each. provided
sad increase In the capital stock shall
nav" been authorized by the stock
holders at meeting t. ho held pursuant
To the provisions of ArtiyI. Y. of This
Charjrr. No stakeholder shall sell any
share of stock To any person not already
stakeholder. unless ne SHALL have.
offered Such share or shares To- said cor
P"rajon At the book value as cS-
tahlISued by the last inventory and
when the offer is mad" To the CORPORA
ton, II shall be its duty to advise the
remaining stockholders at said offer
mat they may hay" an opportunity 10
purcuaS" said stock. which option how
ever, they must exercise within five DAYS
from receipt of notice 10y the COMPANY
MI certificates of stock shall have
written or printed across their face. the
words: These shares are aSSignahlr
only according to the Charter and BY
Laws of this Company"
Article N.-All the corporate powers
OF the Company shall he vested i'm. and
the MANAGEMENT and control of its af-
tdlfS, snail tie exercised by. a board of
directors composed of three stockhold-
ers. majority of the directors shall
constitute quorum for the tranSac-
non OF all business. The directors shall
he elected annually, 10y ballot hy the
stockholders. on the first Monday i'm
april in each year. Each stakeholder
shall be entitled, in person or by proxy.
10 a vote Tor every share owned by him
ana all elections shall DE held under
Such rules ana regulations as may be
determined by the board of directors
after hftecn days notice of such cleo
uon shall have been sent to each stock
holder at his last known address The
directors thus elected shall continue i'm
Office for one year. or until their sue
ceSSorS shall have been duly elected and
luaIlhed NO failure to elect shall be
regarded as forfeiture of this charter
ANY vacancy occurring on said board
snail be filled by the remaining directors
Tor the uneNpired term. Said board of
directors shall at its first meeting, after
us election. nominate out of it's num-
Der President, a Vice-President and n |
Secretary-TreaSurer. Said board shall
nave the right to appoint and dismiss
Such Clerks, managers. and other en-
proves OF the corporation. as conditions |
may Justify or the business of the cor
pOratlon may require. The tenure of |
ofilce OF all the employees of the corpOra-
non snail be during the pleasure of the !
poaTu OF directors. Any Of the directors |
shall have the right to appoint by writ
ten instrument, another director or |
stockholder to act as his proxy and in
his stead at any and all meetings of |
the board of directors.
Article Vino stockholder shall evar
be held liable or responsible for the CON
tracts. faults or debts of said corDora-
ton, nor shall any mere informally i'm |
us organization have the effect of rem
derlnS this charter null, or of exposing
a stockholder to any liability beyond the
unpaid balance due on the shares owned
by him.
Article NII.-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 |
poratlon' at general meeting convened
Tor 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
Oh residence In case of dissolution by
the expiration of this charter or other
wise, the stockholders shall elect three
lquldators from among their number to
llquidate and settle the business and af-
talrs or the company. In case of death
Or disability of any one of said commits |.
Sloners or ltquidatOrs, the survivors, or
the remaining liquidators, shall appoint
a successor to him. The said liouidators
snail nave full power to settle said com
Dany anairS, collect outstanding debts |
sell and convey property, pay it's debts |
ana divide the remaining money and
property among the stockholders. They
snail also have power to meet and act
lnder the bylaws of the corporation and
lnder regulations to be made by a ma
ority of said liquidators; to fix the price
md prescribe the terms and conditions
II sale OF said property and the manner
n which the sale shall be made and
axe notes and bonds, secured by mort.
rage or otherwise, for part of the pur-
'hase price for all or any part of said
property; provided. however, that the
lights herein conferred upon the liqui-
ators may be modified. changed or de-
ned by majority of the shares of the
apital stock of the corporation The f
aid liquidators shall have authority to 4
ne for and recover the debts and prop I
rty in the name of the corporation, and J
nay be sued by the same name, and they /
hall be liable in solido to any creditor a
r stakeholder for the monies and prop a
rty of the corporation which shall come l.
0 their hands or possession as liquida-
ors, and for the proper application q
nd distribution thereof "
Article NIII.-MrS. Rose LaZard | T
Iidow of the late Mayer Israel. and L
hose postOffice address is 1926 St d
harles Avenue, New Orleans. Louisiana, r,
as subscribed to 500 shares: Mayer 8,
srael, Jr, whose postoffice is also 1926 +
t. Charles Avenue. New Orleans, Lou ID
'iana, has subscribed to $50 shares;
eOpold l.. LaZard. whose postoffice ad- z
ress is 1925 Bordeaux Street, New Or n
,ans, Louisiana. has subscribed to $50 &
hares; Mrs. Blanche Israel, the wife of |.
acques A. Moss, whose postoffice adj r
ress is 1926 st. Charles Avenue, New
rleans, Louisiana, has subscribed to so {
nares; and Mrs. Irma Israel. the wife
{ Benjamin A. Moss, whose postoffice {
ddress is Milan and Dryades Streets 2
ew Orleans, Louisiana, has also sub
cribed to so shares.