The herald. [volume] (New Orleans, La.) 1905-1953, 1915-08-05

~ so. XIV. .l'.o' '', 'g
holders Of record Brf,rc the expf-afiou of
the ten DAYS from the rc,cip. Of sand notice
hy the board OF directors any shareholder
OF record may offer 10 purchase and may
ACQUIRE the rIyht "a orrrtasc ssrd ,rg,t h,
uoiifyIrg the hoard Of dire.t.r. m Writing a-,J
thereafter shall dcno,lt the p-fgc Of SAID ...-L
IN cash with the co-poration on or bcf,r.
the expiration OF eighty DAVIS from the last
mentioned date
I-pou the recent Of the first mentioned no.
tice the board Of directors shall advise tn.
person owning said stock, his agent or repre-.
sentative, t. Join the said board ia fixing the
value OF SAID stock, which value shall be
established on the basis OF the last annual
OF semi annual statement or report Of the
corporation and the last monthly trial balance
preceding the date OF such notice, and 20 the
value thus found and established there shall
be added twenty -uyc per cent, and the sum
thus found and established shall constitute
the value and price OF sand stock.
II Within the f,.rr,,.f,r hours after such
notice, the oNncr. his agent or REPRESENTATIVE.
doe, not ION with the hoard in csra5llsbI,.
tI. NC az 10. - 3D.. ,,,-L. ,L,. i,--3 49,,
proceed Vthou, further delay to TX the SAID
value, using the report and trial balance
aforesaid for that purpose. which writings
are declared to be conclusive evidence for
and against all parties IN interest in the
| premises, whether the value Is established
| bv the Joint act OF the owner, has agent,
I widow, heirs or representatives uN the
! board Of directors acting M default Of the CO.
operation OF said person or persons.
Iu0u recent of the offer ar ,--crt7-cr Of
/ anv Shareholder 10 purchase said stock and
,,r,oD attaining ur,,-guf,r s,,i,tar,or, =, s4,I
| blard for the rrtrc tbe-,,f fh. b.grJ ~, n,
/ re,ters shall ibcrrunor owe NOTICE thereof
] TO The owner Of the stock his agent or rrnre.
sentative, and before the expiration Of the
! uer,o5 of eighty d,,s af,rss,,J sb.iI Ill IN
! the certificate or certificates representing such
| stock and pay the price or value thereof and
| cause the same TO be transferred on the books
| to the purchaser.
| Second. Tho ,,-efc,erra ,,,;,,, ,,,J -;.,t,
Of purchase heretofore vested Inv par5gr5n,,
rr,t IN The other shareholders shall CYST IN
| full fore, and rFo-t in thri- favor IN ,ro,,;r.
, The shares nj stock of = deceased storlboIdrr
| and The forualitics and course Of rr1rrd,Irc
| The terms Conditious stinuIafiops and deIavs
, hrrcinaboyc established in said n,r1gr,HI,
| shall applv in all resperts 10 the procedure IN
be followed in case Of death Immediately
upon receipt OF information Of the death Of
! any shareholder, u shall be the duty OF the
board Of directors 20 cause the necessary steps
to be taken to carry out and enforce these pro-
visions.
/ Third: The preference, option and right Of
| purchase hcrcIuahove established shall run IN
| favor of each shareholder OF record for his
vIrllc share IN proportion to his existing hold
! IngS IN the stock, hut should any shareholder
/ idIl to exercise ms right IN this regard, his
! right shall pass TO and be absorbed by the
! other shareholders provided that the owner.
his widow. heirs or legal representatives, as
| the case may be, shall not be obliged TO de-
liver said stock unless the offers 10 purchase
the same shall include and cover the entirety
OF the offerings under paragraph hrst or all
oil inc holdings under paragraph second:
rou.in: an cc'tHc9tcs oil STOCK snail bear
upon uelr lace, uIIcl reference 70 me rights
mere" es'"oi'S"'u III favor Oh the STOCKHOLM
efs'
Article lN.-All the corporate powers shall
be vested in and exercised by board Of
directors composed OF Three stockholders the
ElaJ.LIy vi WHOM sH1,i LoInIIlule r. quorum,
~ Ie y III VI az nc BOAR
.. IIteJtIls si,"!i DC eieoleu Innu1y oy Lhe
.oeNito'uels al nteJ'ir r 10 DC ne'I LOT that
purpose on iTe miro TUESDAY OF MaIch; OF
cdCn year. ne directors mus eleCied shaII
oon!i"ue IN oluCe IoI one year ana thSIedlter
ga Ar, EaCe,c,, oc,,,rr;,,eS s am -d
Ieu;; [N"y vacancy occurring on su'n Oodrd
stia'i DC miIeI Ny t"e remaining directors LOT
the uneNpteu terni'
Any director may appoint by written instru-
mem amolher airfc'Tr OF st9cknolder 10 aGt
as ms proxy ana IN ms s'e4d at any ana all
: A. - &C. - &c. a,a..;.., .,,o
Al MS hrst meeting after election the
poaII Oh directors shaLI eiect on! oil us own
nur NUMBER PRESIDENT a yice-preSident ana a
sc C'et :, ''iedsuIei. oald Doaiu shah nave
aae risIt 10 appoint ana ui SIMS, sQcn mana
Cr'' NJ anu G.;leI e.IP.oStee Hi ue tGl
brsiness Of The cornorot;6r reo,,i-e The
tenure of office of ali the emnloyees Of the
cornoration shall he during the nIeasure az
the hoard of directors ITnfiI the election n
he held on the twentv.frst dav Of Mach
IoI6 the following named shall constitute the
first hoard of directors. to.wit.
F., - 49,. -, 49,.
- ;? io9S T nni' Mnose PGsl o,,ce du
Ii.ss - i'I D, dIiieL nvtI"e, NC" OIled az
address is No : Rudubon place New Or.
leans. Louisiana; and Walter F Tahncke
whose post Office address is Sl4 Howard Ave.
nue., New Orleans, Louisiana.
| Article V-Neetinps of stocLboIders 70,
the purpose Of election or anv other nurnosc
NAV be held upon fifteen days' notice sent
, by mail or delivered. and 4 delivery AZ such
notice in person or at the residence of 4
stakeholder shall be sufficient for all pur.
poses; such meetings may be held at any
time or place by unanimous consent and with
OUT notice any hotiee requiIed by this
wa;yed and such waiver sb.II he IN ,,r;;,ir
and incornor,ted info the rn;n,Ites of anS
meeting hid ,,nder such ya;ycr " 1"'
The stock OF this corporation has been sub
| scrlbed as follows:
! Ernest Lee Jahncke. whose post Office adj
dress is 1923 Palmer Avenue, New Orleans
. La, 20 shares; Paul +. Jahncke, whose post
office address IS No. Audubon Place, New
| Orleans, La, 70 shares; Walter F. Jahncke
r WHOSE post ONCE duurtSS Is ol4 howard ave