The herald. [volume] (New Orleans, La.) 1905-1953, 1917-01-04

dssessable No ,tOckholier shall have the
right 70 sell or otherwise dispose Of hi. stock
in TIM, corporation, without first Offering
same 70 this corporation. and 70 the indi.
viIual member, IF this corD0-ati1n al the
book value thereof and thi, corporation i
/ authorized 10 purchase said stock AZ said
! book vrluc for the benefit Of the other stock
/ holder II the corporation Should the cor
ppra;iou deClIrc - purchase said stock the
. shareholder shall have the night Of option
/ go offer SAID stock for sale % any other per
( son or persons. firm, or corp,ratious
D Article Win, corporation shall be a 20.
rns concern, when .hir;y-eIght $50 shares Of
for.
,h, corporation shall be vested in. and the
management and control OF IT, bushes, and
affairs conducted by board of direct Dr.,
composed Of three stockholders. two Of whom,
shall constitute quorum; n, member OF
said board To own Or subscribe for les, than
one share ~ stock said directors shall be
elected by ballot At general meeting OF
The stockholders 90 be held on the first
Tuesday after the second Mondov in Ian.
uary, ylS; and annually thereafter on that
day
In the meanwhile the following st,rkboId.
er> shall serve a, directors. to-wIt:
Clark Hines, Aaron LEVY and Adolph Die.
tenthai, with Aaron Levy a. president, Clark
Hines dS vIce-prrsideut and AdoIph Diefer1.
thal a, sccrctary.treaaurcr. Every stock.
holder shall be entitled IN uer.,,, ~ H.,
proxy, 10 one vote f,r every share Of ,,oci
owned by MN. All elections shall be held
under such rules and regulations a. may he
determined by said board Of directors Ten
days written notice directed =, the la,
known address of every stockholder shall
The director, thu, elected shall c7n,i,p,
~ office until the second Monday Of Ian.
uary 1918, or until their successor, shall |
nave been elected or qualified. any f,il,tra
90 elect officers ,- I.~er.,r. ,b.IT 80, - |
considered a> a forfeiture Of tbis rb7rtc~ |
Any vacancy occurring IN the hoard 81 di I
rectorS shall be filled bv the remaining ii. /
rectorr for the uneNpircd term \ majority |
tutc quorum for the transaction Of any
business.
Said board of directors i especially vested
with the power and authority IN rro--gage |
or pledge the property. real. personaI and
mixed Of the carp6ration a. fbry r,,y IT,
al and proper; 10 purchase, hold, own. mort.
gage, pledge, lease and dispose Of real es-
country; 10 execute mortgages. issue notes |
bonds and other evidences Of debt and n
borrow and lend money on same to and from
individuals, firms and corporations. AZ such
times, for such prices and upon such TENS
and conditions, as they NAV deem advisable
Said board of directors Shall nab iii tSs
rules, regulations and bylaws for the gov
business and affairs Of the Cooperation. and
alter, amend and change the same al meas. |
are.
The following stockholders are hereby de- I
-tdltu 70 ne the Nr~t board OF directors % |
his corporation, all Of whom shall hold Of |
ice until the second Monday of Tanuary {
9lS, or until their successors Shall ~
,een elected and qualified: Clark Him.
Il2 Orleans St, Aaron Levy. I7ol Rob-,
treet and Adolph Diefentbai i701 Robe-.
treet, with Aaron Levy a. nres;Jer+ Cla-L !
lines as vice-preSident and AdnInb D;afar
hal as secretary treasurer.
Article IA st,cLbnIJo- hi, 49, | ;
eld liable or responsible for the contracts r ;
II faults of said corporation i, a,,, fT-,La5
um than the unpaid balance due ~, ~ | e..
hareS OF stock owned by him nor shall ~
lere iniormality in ORGANIZATION have ~
feet Of rendering this cbarter Mil ~ ~ '
osing a stakeholder 10 any iiabiI;ty bavord ?
he amount II Ms ,rnr,iJ ,oni eSpII
ny informality or ir-eg,,I,r;t, ~ ~, sidli
ION ever have the effect of rendering IN any
Article WHITES ac pa' ' oi frco-,.,r,,io,
hall be changed, modified or altered or
,ser, pS ION sndIi ne dissolved with the a,
10 rnr,,,-,.;,., nus ,-'SI OF me stock OF
,neroi i,1 naSIom, present or represented at
nor not;cs -; ;t 49, 40, 'idt purpose, diier
r,:IoJ ~ "r!ung 70 each stockholder =,
re- add~ess - az ,.ie idS' SHOWN posi- OF
A. :" VI I,tf. \
'rIiar 1S.lIY. Yi tHIs Charter or the T
~ aus - "a 'nis TorPordttloh ioT
:, o,,, or -. i ana;Ls sndil ne iiquldated c
p st,ctbniJas "iIiual2's 70 De elected by |.
ock in Sa;5 ,. an Vi whom SnalI mold "
oners are bere%P,. y anu tle sara commls- d
nut M au,loi,ty 70 nquidate the affairs of said
-, ,,o ~. u5!Se Win the terms OF =