The herald. [volume] (New Orleans, La.) 1905-1953, 1915-04-29

| When the oUer Is made to the corpora
ton, ii shall he its duty to advise the
! remaining stockholders of said offer
| that they may have an opportunity o.
purchase said stock; which option how
! ever, they must eNcrciS" within five days
from recent Of motto. NV the rOmpauV
| All certificates Of stock shall have
written or printed across their face the
/ words. These shares are aSSiguablr
| only according To tie Charter and BY
! Laws of this Company
Article N.-All the corporate powers
! of the Company shall he vested IN. and
| the management and control Of its uf-
! fairs, shall be exercised by, board of
directors composed of three StOrklO'd-
, erS. \ majority of the directors shall
constitute Il quorum Tor the tTduSHt-
ton Of all business. The directors shall
| be elected annually. uy ballot. by the
stockholders. on the first Monday ina
April IN each year. Each stakeholder
shall he entitled. IN person or by PROXY.
To a vote for every SAar" owned by him.
and all elections SItU Doe held under
such rules and regulations as may We
determined 10y the board Of directors
after hft"Cn days notice of SUCu 'l,g-
ton shall have been sent tu each stock
holder at his last known address. The
directors thus elected shall continue 90
ccSSOrS shall have h.cu duly elected and
Qualified No taIlUr" to elect shall bee
regarded As a forfeiture of this charter.
Any vacancy occurring on said board
Tor the UncNDired term. said board of
directors shall at its first meeting. after
its election, nominate out of its num-
her a President. Il Nicc-Ircsidcnt and a
SeCrctary-TreaSurer. 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
ton shall he during the pleasure of the
board OF directors. Any of the directors
shall have the right to appoint 10y writ
ten instrument another director or
StockhOldcr to act as his proxy and in
| his stead at any and all meetings of
| the board of directors.
| Article Vino stockholder shall ever
be held liable or responsible for the con
tracts, faults or debts of said corpora
ton, nor shall any mere infOrmality in
| its organization have the effect Of rem
| derinS 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 he changed, modified or altered. or
f, this corporation may be dissolved, with
| the assent of the stockholders owning
| twO-thirdS of all the stock of the cor
| pOration. at a 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
| liquidate and settle the business and af-
| 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 its debts,
and divide the remaining money and
4 property 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 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 notes 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 a 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 stakeholder for the monies and prop
erty of the corporation which shall come
tors, and for the proper application
and distribution thereof.
Article VIII.-Mrs. Rose LaZard
widow of the late Mayer Israel, ant
, ! whose postoffice address is 6226 st
Charles Avenue, New orleans. Louisiana
has subscribed to 500 shares; Mayer
: Israel, Jr., whose postoffice is also 622t
: st. Charles Avenue, New Orleans, Lou
, isiana. has subscribed to $50 shares
, Leopold l.. LaZard, whose postoffice ad
, dress is 1925 Bordeaux Street, New or
leans, Louisiana, has subscribed to lot
, shares; Mrs. Blanche Israel, the wife OF
: Jacques a. Moss, whose postoffce ad
dress is 6226 st. Charles Avenue, New
Orleans, Louisiana. has subscribed to 81
, shares; and Mrs. Irma Israel, the wifi
| of Benjamin A. Moss, whose postoffic'
! address is Milan and Dryades Streets
: New Orleans, Louisiana, has also sub
= scribed to so shares.
, Until the election to be held on tn,
: first Monday in April, 1916, the follow
> Board of Directors, viz: Mayer Israel
Jr Mrs. Mayer Israel and Leopold L
! Lazard, with the said Mayer Israel Jr
p as President. the said Mrs Mayer Israe
: as Vice-President and the said Leopold
| l.. Lazard as Secretary-Treasurer.
: Thus done and passed in my office, oil
/: the day, month and year, first allow
: written. in the presence of Frank
fTwomey and Joseph l.. Weiss, compe
9 tent witnesses, who have signed witt
! the appearers and me. the notary. afte
e reading the whole. (Signatures of sub
! scribers omitted). (Original Signed
/ F. b. Twomey, J. L. Weiss. Felix J
p Dreyfous, Not. Pub.
/, the undersigned. Recorder of Mort
y cages, for the Parish of Orleans. d.
1 hereby certify that the above and fore
r going act of incorporation of 'Maye
q Israel & Co, Inc" was this day dul.
r recorded in my Office, in Book 1151
r Folio 147. New Orleans, April 8, 1915
o (Signed) Emile J. Leonard, by. r. NJ.
nF hn gOl
(SignedD Felix ]. Dreyfous. Not. Pub
2O4 Carondelet Street, New Orleans
2 (Seal)
April l5-22-29 May 6-l3-2O
!, Ageravating.