The herald., 1915-10-21
THE HERALD
eneral Assembly of Louisiana for the year

!
S25O,OOO.O0 by a vote of two-thirds of all of
| the stock at a special meeting called for that
| purpose or at regular annual meeting OF
] the corporation.
Article VI.-All certificates of stock issued
/ by this company shall be signed by the pres.
! ident and cOuntersigned by the secretary or
treasurer or by a director Of the company
] The stock of this corporation can be trans.
| ferred only on the books of the corporation
and subject TO such regulations and formali-
/ ties may he by the board Of directors from
/ time to time prescribed. No stakeholder shall
be permitted to sell or otherwise dispose of
his stock without first offering the same in
writing to the other stockholders, through the
board OF directors, at price not exceeding
| the book value thereof, and said stockholders
shall have option and first right to pur-
chase all the shares OF stock to be thus dis
posed OF by sale, death, resignation or other
wise Of any OF the stockholders. and shall
have period Of ten days in which to accept
or TO decline said offer. Should the board OF
directors or the stockholders decline to pur-
chase said stock then the stakeholder Cor
stockholders who made the offer 10 sell or
otherwise dispose OF the stock. may do 50 in
any manner and at any price he may see mt
but each share Of stock IS issued herein upon
the condition and understanding that no
stakeholder shall make sale or transfer his
stock IN violation thereof. and such sale or
transfer if made, shall be void and this com.
pany shall be under no obligation to list said
stock on its books to regard the holder
OF the certificate thereof
Article Nll.-Ihe corporate powers Of this
i corporation shall be vested in and exercised
by board Of directors composed of three
stockholders, two OF whom shall constitute a
quorum for the transaction Of business but
, said board OF directors may be increased to
I'VE by majority vote of the outstanding
stock at any annual meeting or at any spe-
cal meeting Of the stockholders called for
said purpose, and without the necessity of
any further amendment or alteration Of this
| charter. The directors of this corporation
may vote in person or by proxy al any Of the
meetings OF tle board OF directors and the
/ board OF directors may delegate any Of its
powers t. any officer officers or other rep
! rcNentatIve OF the company by appropriate
resolution to that effect. The first board Of
! directors Of tins corporation shall he com
posed OF Karl Neumond. Ludwig Eisemann
and Ralph J. SChwarz. who shall serve until
/ the second Wednesday in January, 1917 or
until their successors are elected and quail
ned. The directors shall be elected annually
by the stockholders at 4 meeting held on the
second Wednesday in January in each year
after date hereof Notice Of said meeting
shall be given fifteen days prior to the date
OF the meeting in writing sent to each Of the
stockholders at his last known place Of resi-
denCe. The board OF directors may change
the date Of said annual meeting 10 any other
date III January by written notice to that
, effect sent at least fifteen DAYS before the
date to which said annual meeting has been
changed, directed to each stakeholder al his
last known place OF residence. Each stock
holder shall al such annual meeting or other
meeting, general special, be entitled in
share of stock owned The elections shall be
held under such rules and regulations as may
: be from time to time determined by the board
OF directors.
The directors when elected shall hold office
Tor one year until their successors shall
have been elected and qualhd and failure to
/ hold the annual meeting Of stockholders or to
elect annually the directors shall not operate
/ Of oh ar oh
hereunder
The first officers Of this corporation who
shall hold office until the second Wednesday
in January, 1917. or until their successors
are elected and qualified, shall be Ludwig
Eisemann president and Fritz Marx as
! treasurer, and Ralph ]. Schwarz as secretary.
Any vacancy occurring in the board of di-
rectors may be filled by the directors for the
uneXpired term.
] The first board of directors shall hold Office
until the second Wednesday in January, 1917,
| or until their successors are elected and quail
I flied.
/ Article VIII.-This charter or act of incor-
poraton may be changed, modified. altered
or amended by and with the consent OF two
thirds OF all the stock at any meeting, gen
eral special, held for that purpose and
! such amendments may be material or imma.
/ terial subject only to limitation as may by
| law be provided, and this corporation shall
/ have the right and power to increase or de-
| crease its capital stock as hereinbefore set
u
| excess OF the amount named herein as the
amount to which the capital stock may be
/ increased may be made by three-fourths vote
! of all outstanding stock.
! Article IN-Noticc of any and all meetings
referred to in this charter or required by law
| shall he given in the manner provided in
| giving notices in case Of election, unless the
same shall have been waived
! In case of dissolution, liquidation or ter
minatioE Of his charter by Limitation or
| otherwise, the affairs of this corporation shall
/ be liquidated by one or more liquidators elect
! ed by the stockholders who may provide the
number of said liquidators and vest them
with such power and authority as may by
| law be permtted fix the terms and condi-
/ tons upon which they shall serve and their
! compensation, and provide that in case of
/ death or disability of any one of said liqui-
dators the remaining liquidators may fill the
vacancy or continue to act on behalf of the
| corporation.
| Article X-No stakeholder of this corpora
ton shall be liable or responsible for any
acts, contracts, debts defaults of this com
pany any of its officers shall any in
| tormallty IN organization have the effect of
| rendering this charter null and void ex-
posing a stakeholder to any liability beyond
! the unpaid balance due on the stock held by
/ him
Article XI-The subscribers hereto have
| written opposite their names the number of
| shares subscribed for by each of them and
their post office addresses so that this charter
may serve as a subscription list, all of which
subscriptions are payable in the manner and
form as set forth herein as per document
hereto annexed and forming part of this
charter and provided for in Act 267 of the
General Assembly of the State of Louisiana
| of 1914
Thus done and signed at New Orleans,
| Louisiana, this 2Sth day of September, 1915,
IN the presence of Paul Chaser and Edwin
Gum, competent witnesses, residing in the
parish of Orleans and State of Louisiana, who
sign these presents, together with said ap-
bearers and me, notary, after due reading of
the whole.
Original signed: Names omitted
| Witnesses: Paul Chaser, Edwin Gum.
PHILIP GENSLER, yR., Notary Public.
| l. the undersigned recorder of mortgages,
in and for the parish of Orleans and State
of Louisiana. do hereby certify that the above
and foregoing act of Incorporation of X. & Z.
Neumond, Inc, was, this day, duly recorded
in my office in book ll57, folio SIS.
! New Orleans, La, September p, 1915.
(Signed) EMILE J. LEONARD, by. X.
/ hereby certify the above and foregoing
| to be a true and correct copy of the original
act of incorporation of X. & z. NeumOnd,
Inc, and of the certificate of recordation OF
the Deputy Recorder of Mortgages, except that
from this copy of said act there are omitted
| the names of the subscribers and the number
of shares subscribed TO by each of them as
permitted by law.
In faith whereof / have hereunto set my
hand and seal this 10Th day of September,
1915. PHILIP GENSLER, JR.,
Stamp Notary Public.
oct II q rs nov II