The herald., 1917-08-23
CHARTERS.

board Of three directors, who shall be elected
annually al a meeting OF the stockholders
| on the Third Monday Of July OF each year.
| The first annual meeting shall be held on
the Third Monday of July, 1918, until which
! TING the officers and directors named in this
are elected and qualified. The stockholders
| may at any time remove any director and
| ill his place.
The officers of this corporation shall be a
president, a vIce-president and a secretary.
treasurer
The first board of directors. to serve for
the urst year shall consist off:
Aaron kosen,. ri Magnolia Street, New
| Orleans, La; Morris r. Rosen, SIS s. Clai.
| borne Avenue, New Orleans, La. Herman
! Pcrlof, lb5 Tulane Avenue, New Orleans
! La. With Aaron Rosen as president, Morris
| K. RoSen. vice-president; and Herman Per
lotf, secretary treasurer.
All elections shall be by ballot at the OF.
! nee Of the company, under the supervision OF
| 'wo commi ssioners to be appointed by the
! board oi directors. Notice Of such meeting
| shall be given by the secretary-treaSurer IN
! writing and delivered to each stakeholder in
person or mailed to his last known address
! II least fifteen days prior 10 such election;
| but this notice may be waived by all the
stockholders.
! Al all such elections and at all meetings
| Of the stockholders, every stakeholder shall
pr entitled 10 one vote for each share Of
stock standing in his name on the books Of
the company al the date OF such election or
meeting, SAID votes 20 be cast IN person or
by written proxy; and a majority OF the
votes Gas; shall elect.
The failure 20 elect directors al the annual
meeting shall not dissolve or affect the cor
pJratlJu nor impair its management in any
respect. but the directors in office shall
main IN office until their successors are
elected and qualified. Each subsequent board
y directors shall elect as soon as possible
after their own election a president vice
president, and ! secretary treasurer, and may
grant 20 each officer such powers as they
All vacancies in the board Of directors for
whatever cause shall be filled by the re
manning directors. Any member OF the board
may appoint any other director his proxy to
lct in his place and stead at any meeting Of
the board.
The board Of directors may make. amend
and repeal bylaws for the regulation Of the
company, not inconsistent with such bylaws
As may be made by the stockholders.
Article kl-IhiS act OF Incorporation may
re modified. changed altered, said cor
poGatiou may be dissolved, with the assent
Of ,wD-;hirds of the capital stock outstanding
Q, a meeting Of the stockholders convened |
Tor that purpose, and after fifteen days writ |
ten notice has been delivered in person or
given by letter mailed 70 the last known ad- |
dress Of each stockholder. The said notice |
may be waived by the unanimous consent OF
all the stockholders.
In case Of the dissolution Of the corpora |
ton, its affairs shall be liqu,dated by one |
holders. with such powers, compensations |
and duties as the stockholders shall deter
mine.
Article VII-No stakeholder shall ever be
held liable for the faults or contracts OF |
this corporation in any further sum than the
unpaid balance due 10 the corporation on |
the shares subscribed by him; nor shall any
mere informalIty have the effect OF render
stakeholder to any liability beyond the un-
paid balance due on his stock.
The subscribers hereto have respectively |
written opposite their names the amount OF
stock subscribed by them in this corporation,
50 that this Act OF Incorporation may also
serve as the original Subscription List of the
corporation; and they have stated their post
office addresses So as 10 conform with Act
10 OF 1914.
Thus done and passed in my Office at the
City Of New Orleans, State OF Louisiana, on
the day, month and year first herenabove
written, in the presence OF James NJ. Dillon
md George Arthur Seaver, competent wit
lesSes, OF the full age of majority and re-
lanes with the said appearers and me, no.
airy, after due reading of the whole
Original Signed: A. Rosen, 72l Magnolia
st., New Orleans, La, 81 shares. $500;
II. R. Rosen, SIS Claiborne Ave, New
orleans. La. 3 shares, $4,000; II. Perlof,
hares, $1,000.
CHARLES ROSEN, Notary Public.
I, the undersigned, Recorder of Mortgages, {
n and for the Parish of Orleans, State of |
.ousiana, do hereby certify that the above t
nd foregoing Act of Incorporation OF the 5
International Scrap Material Company, Inc,
'as this day duly recorded in my office, in !
took 1912, Folio -. r
New Orleans. July 10, 1917. !
EMILE J. LEONARD, by. r.
(SEAL) h
A True Copy: !
CHARLES ROSEN, Notary Public a
ly l9 % Aug ? 9 10 % 0