The herald. [volume] (New Orleans, La.) 1905-1953, 1915-02-11

common stockholders and one by the prefer
red stockholders from among the preferred
stoc kholders, and in the event it should
be determined that there shall be five direct
ors on the board OF directors then and in that
event, three directors shall be elected by the
common stockholders from among the COM
mon stockholders and two by the prefer
red stockholders from among the preferred
stockholders. A majority of the directors
elected shall constitute a quorum for the
transaction OF business. Said directors shall
be elected at general meeting OF the stock
holders OF this corporation to be held on the
second Monday of February in each year as
aforesaid, unless said day shall be legal
holiday, in which event said election shall
be held on the next succeeding business day.
Notice OF said election shall be given to
each stakeholder N writing by letter ad-
dressed and mailed to his last known resid-
ence at least fifteen days before such meet
ing.
The board of directors shall at its first
meeting elect from among its members
president, vice president and secretary
treasurer
Any vacancy occurring among the direct.
Ors OF this corporation by death, resignation
or otherwise shall be filled by election for
the uneXpired term by the remaining direct
ors from among the stockholders of this cor
poration.
The first election for directors shall be
held at the annual meeting of the corpora
ton on the second Monday in February 1915,
until which time or until their successors
the following shall constitute the first board
of directors: Albert kossman OF New Orleans,
Wallace c. Marine of New Orleans, and
Bella kossman of New Orleans, of whom
Albert Kossman shall be president, Wallace
6 Marine shall be vice president and Bella
Kossman shall be secretary-treasurer.
The failure for any cause to elect direct
ors the day stipulated shall not dissolve
| this corporation, but the officers and direct
ors then in Office shall hold over until their
successors shall have been duly qualified. In
the event of any failure to hold the election
on the date stipulated, the president OF the
corporation and in his absence the vice presi-
| dent, shall Immediately thereafter call a new
| election to be held after notice, as herein
each stakeholder. At all elections and meet
| ngs of stockholders of this corporation, ecah
stakeholder shall be entitled to one vote for
each share of stock registered in his name
| and may vote in person or by proxy. All
| elections shall be by ballot.
| Article Nll.-Ihis act OF Incorporation may
| be changed, modified or amended, or the
| capital stock increased or decreased, by and
with the consent OF two-thirds OF all the
stock.
A change in the objects and purposes may
be made only by a vote OF all the stock
| heretofore issued and an increase of the cap
| ital stock in excess of the amount originally
named herein the sum to which the cap
ital may be increased, may be made by three
fourths of all the outstanding stock.
| vote of two-thirds of all the stockholders al
a meeting called for that purpose.
Notices of all meetings referred to in thi:
article shall be given in the same manner
as provided for notices of election in art
Gle VI of this charter.
| In case of dissolution or termination o
this charter, either by limitation or other
wise, its affairs shall be liqudated by three
liquidators selected by the stockholders al
general meeting held as hereinabove provid
ed for. Said commissioners shall remain ii
Office until the affairs Of the corporation
shall have been fully liquidated and in cas-
of DEATH resignation or incapacity of one o
more of said liquidators, the survivor o
survivors shall continue to act.
4 Article VIII-No stockholder of this cor
| poration shall be held liable or responsible
. for the contracts or faults of this corpora
ton in any further sum than the unpaid bal
ance due this corporation on the shares o
stock subscribed for by him, nor shall an
: mere informality in organization have tn
effect of rendering this charter null or o
exposing its stockholders 10 any liability, be
| yond the unpaid balance, if any, due on hi
{ stock.
E Article IX.-In order that this charter ma
also serve as the original subscription hs
the subscribers hereto have written opposit
their names the number of shares subscribe
E for by them.
T The subscribers to this corporation are ar:
i Albert Kossman, who resides at No. Isl
Hurst street, New Orleans, has subscribed I
/. twelve thousand FIVE hundred dollars Sl2 SO
, of the common stock, in the corporation; wa
: lace L. Marine VINO resides at NO; 10Y ,
: Robertson street, New Orleans, has sui
E scribed to one hundred dollars (sl00 of ii
preferred stock of this corporation and BELL
f Kossman who resides at No. 1889 Hur'
street, New Orleans, has subscribed TO on
: hundred dollars $500 of the preferred stoc
{ of this corporation; all of said stock bein
& nsvable in the manner set forth on the a
9 tached statement. which is to be read in cor
nection herewith.
S Thus done and passed at New Orlean
!. this thirty-hrst day of December. 1914,
& the presence of Charles /. Denechaud an
Elm. L. Stevenson competent witnesses, WI
: reside in this parish, who have signed the:
f presents, together with the said appeare
l. and me, notary, after due reading OF u
: whole. ,
E Witnesses: Charles I Denechaud, II.
l. Stevenson. re-
t Originally signed: Albert Kossman, s.
d Hurst street, New Orleans; Bella kossma
e $3.50 Hurst street, New Orleans; Wallace