The herald., 1917-08-16
CHARTERS.

board of three directors, who shall be elected
annually at 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
| time the officers and directors named IN this
| charter shall act, or until their successors
| are elected and qualified. The stockholders
may at any time remove any director and
The officers of this corporation shall be a
president, vice president and a secretary
! treasurer.
The first board of directors to serve for
The first year shall consist off:
Aaron Rosen. 72l Magnolia Street, New
! Orleans, La; Morris X. Rosen, SIS 5. Clai-
/ borne Avenue, New Orleans, La; Herman
| Perloff lo23 Tulane Avenue New Orleans.
| La. With Aaron Rosen president, Morris
| r. ROsen, vice-presiGent; and Herman Per
! loft, secretary-treasurer.
| All elections shall be by ballot at the Of
| nee of the company, under the supervision OF
| two commissioners TO be appointed by the
| board OF 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
/ at least fifteen days prior to 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!
| be entitled to one vote for each share OF
! stock standing IN his name on the books OF
the company at the date Of such election or
meeting; said votes to be cast in person or
by written proxy; and majority OF the
votes cast shall elect.
The failure TO elect directors az the ANNUAL
meeting shall not dissolve affect the cor
poration nor impair its management IN any
respect, but the directors IN office shall re
main IN office until their successors are
elected and qualified Each subsequent board
OF directors shall elect soon as possible
after their election a president vice
president, and secretary treasurer, and may
grant to each officer such powers as they
deem proper.
All vacancies in the board Of directors for
whatever cause shall be filled by the
naming directors Any member OF the board
may appoint any other director his proxy to
&C; 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 NI.-This act of Incorporation may
BE modified changed or altered or said cor
porat0n may be dissolved, with the assent
nt two-thIrds OF the capital stock outstanding
at meeting OF the stockholders convened
for that purpose, and after fifteen days writ
ten notice has been delivered IN person or
given by letter mailed TO the last known ad-
dress Of each stOckhOlder. The said notice
may be waived by the unanimous consent OF
an the stockholders
In case of the dissolution of the corpora
ton, is affairs shall be lquIdated by one
holders. with such powers, cOmpensations,
and duties the stockholders shall deter
mine.
Article Vino stakeholder shall ever be
held liable for the faults, OF contracts OF
this corporation in any further sum than the
unpaid balance due to the corporation on
the shares subscribed by him; nor shall any
mere ntC-mality have the effect OF render
ing the charter null OF exposing any
stakeholder to any liability beyond the un-
paid balance due 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
corporation; and they have stated their post
office addresses So as to conform with Act
267 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 hereinabove
written, in the presence of James NJ. Dillon
and George Arthur Seaver, competent wit
nesses. OF the full age OF majority and re-
names with the said appearers and me, no
tary, after due reading of the whole.
tOriginal Signed: A. Rosen, 72l Magnolia
St, New Orleans, La, 81 shares, $500;
NJ. r. Rosen, 555 Claiborne Ave, New
Orleans, La. shares, $4,000; II. Perloff,
Witnesses: James NJ. Dillon. C. A. Seaver.
CHARLES ROSEN, Notary Public.
I, the undersigned, Recorder of Mortgages.
in and for the Parish of Orleans State of
Louisiana, do hereby certify that the above
and foregoing Act of Incorporation of the
International Scrap Material Company, Inc,
was this day duly recorded in my Office, in
Book 1872. Folio -.
New Orleans, July 13, 1917
EMILE J. LEONARD, by. R.
(SEAL)
A True Copy:
CHARLES ROSEN, Notary Public.
July 70 Do Aug ? 9 10 q