The herald., 1915-01-14

common stockholders, and one by the prefer
red stoc kholderS from among the preferred
stoc kholdcrS, and IN the event II 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 "a
aforesaid, unless said day shall be legal
holiday, IN which event said election shall
be held on the next succeeding business dav
Notice OF said election shall be given To
each stakeholder in writing by letter adj
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 a vice president and a secretary
treasurer.
Any vacancy occurring among the direct
ors OF this corporation by death, resignation
otherwise shall be filled by election for
the uneNpired term by the remaining direct
ors from among the stockholders OF this cor
poratIOn.
The first election Tor 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 {. Marine of New Orleans, and
Bella kossman OF New Orleans, of whom
Albert kossman shall be president, Wallace
G Marine shall be vice president and Bella
koSsman shall be secretary treasurer.
The failure Tor any cause TO elect direct
OrS on 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 new
election to he held after notice, rs herein
above provided shall have been given to
each stakeholder. At all elections and meet
iugs 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 NII.-Ths 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 increase of the cap
ital stock IN excess Of the amount originally
named herein the to which the cap
ital may be increased, may be made by three
fourths of all the outstanding stock.
This corporation may be dissolved by 4
meeting called for that purpose.
Notices of all meetings referred to in this
article shall be given in the same manner
provided for notices OF election in arti-
Gle VI of this charter.
In case OF dissolution or termination of
this charter, either by limitation other
wise, its affairs shall be iquidated by three
liquidators selected by the stockholders at a
general meeting held as hereinabove provid-
ed for. Said commissioners shall remain in
office until the affairs of the corporation
shall have been fully liquidated and in case
of death. resignation or incapacity of one or
more OF said hquidators, the survivor or
survivors shall continue TO act.
Article NIII.-No stakeholder of this cor
poraton shall be held liable or responsible
for the contracts or faults of this corpora
ton in any further than the unpaid bal
ance due this corporation on the shares OF
stock subscribed for by him, nor shall any
mere informality in organization have the
| effect OF rendering this charter null or OF
exposing its stockholders 10 any liability, be.
yond the unpaid balance, if any, due on his
stock.
Article IX-In order that this charter may
| also serve as the original subscription list,
| the subscribers hereto have written opposite
their names the number OF shares subscribed
| for by them.
The subscribers to this corporation are:
| Albert Kossman, who resides at No. 1855
| Hurst street, New Orleans, has subscribed to
| twelve thousand five hundred dollars (Sl2 500
of the common stock. in the corporation; Wal
| lace G. Marine who resides at No. 1852 ~
| Robertson street, New Orleans, has sub
scribed to one hundred dollars $500 of the
| preferred stock of this corporation and Bella
| Kossman who resides at No. 1859 Hurs,
street, New Orleans, has subscribed to one
hundred dollars (Sl0O) OF the preferred stock
of this corporation; all of said stock being
payable in the manner set forth on the at
tached statement, which is to be read in con
nection herewith.
Thus done and passed at New Orleans
| this thirty-frst day of December, 1914, il
! the presence of Charles |. Denechaud anC
| II. L. Stevenson competent witnesses, whC
reside in this parish, who have signed thes'
| presents, together with the said appearer:
and me, notary. after due reading of th'
| whole.
Witnesses: Charles l Denechaud, II.
| Stevenson.
| Originally signed: Albert Kossman, $50
Hurst street, New Orleans; Bella kossman
$3.50 Hurst street, New Orleans; Wallace {