The herald., 1917-01-11

/ make and use a corporate seal; and the sam,
| % break or alter at pleasure; to hold, receive
purchase. convey. mortgage, hypothecate o
pledge property, both real and personal; t
! issue bonds. notes and other obligations o
! negotiable Instruments; to have and employ
! such managers. directors, officers, agents ant
! other employees as the interest and conve
| vIenCc OF said corporation may require O
| demand: 90 make and establish such by
/ laws. rules and regulations for the corporal,
| management and control OF the affairs o.
| the corporation as may be deemed necessary
/ and eXpcdient
| Article 1.-THE domicile Of said corpora
| ton shall be established in the City OF New
/ Orleans. State OF Louisiana, and all citations
! ard 0ther legal process shall be served or
| the president; in his absence, on the ScCrc
! 'ary: and in the absence Of both, on the
! treasurer.
Article III.-The objects and purposes 70,
which this corporation Is organized and tho
nature Of the business II be carried on 10y
, u are hereby declared to be: 10 buy. sell and
! deal in for its own account. or on commits
| sion. logs, lumber and other building ma.
| ter:alS; and generally 20 engage IN and carry
on any other business or enterprise which
may be Ecrwauc or incidental 10. or con.
rccted with. the purposes hcrciuahpve set
forth or contemplated ~ this charter
Article IN.-Thc capital stock Of this cor
ppratlon d, fixed AT the sum Of fifteen thou
sand tSl5@orW dollars, divided into one
hundred and fifty shares IF the par value
stock shall be full-paid and worcestershire.
No transfer Of stock shall be binding upon
he corporation unless made upon rs books.
and all certificate Of stock shall DE signed
'y such officers as may be designated by the
board of directors.
Thi, corporation shall have the right TO
increase It's capital stock to the further sum
IT twenty-five thousand dollars, 20 he divided
into shares Of one hundred dollar, each, pro
vrici said increase IN the capital stock shall
have been authorized by the stockholders
az q meeting 20 be held pursuant 10 the pro-
vision, of Article Y Of this charter.
Article N.-All the corporate powers of the
company shall be vested in. and the man
exercised by a board Of directors composed
Of three stockholders, the membership of
which may Dee increased to number not
exceeding i've by the board Of directors at
'he directors shall constitute 4 quorum for
the transaction IF all business The dircc.
tors shall be elected annually by ballot on
the NTH day ln January IN each year Each
stakeholder shall be entitled. in person or
by Proxy, 70 vote for every share owned
Ply 1In, and all elections shall he held under
such rules and regulations aS may he deter
mined by the board Of directors. after fifteen
days notice by mail Of such election shall
nave been sent % each stakeholder at his
last known address. The directors thus
elected shall continue in office for one wear.
'r Until their successors shall have been duly
.NA|iA ti'l lltllICl No failure to elect
snail he regarded As a forfeiture Of this char.
ter Any vacancy occurring on said board
shall be hlled by the remaining directors
Tor the uneNpired term: the said board shall
likewise elect the, additional members in
case they should determine to increase the
number OF said board Said board Of dircc
tors shall. AZ is first meeting after lis eIec.
non, nominate out OF It's number, a preSi.
ient' ana secretary and a treasurer Said
board snail have the right to appoiut and
d NmINS such clerks, managers and Other en-
'pyceS OF the corporation as conditions NAV
Justify or the business OF the corporation NAV
-eqrire. The tenure Of office of all the
employees of the corporation shall he dr-ino
The pleasure Of the board of directors. AM
d the directors officers shall have The
'lEht To- appoint. by written instrument an.
',her director or stakeholder to act as his
proxy and in his stead at any and all meet.
ngS OF the board OF directors
Article NI-No stakeholder shall eyer be
ieId liable or responsible for the contracts
auItS or debts OF said corporation. nor shall
my mere intornalitv in its organization |
ave 'ne erect OF rendering this charter null. |
n oi exposing a StoCkholicr to anv IiabiIitv
'cyond the unpaid balance due on the shares
wned by him. 7'''''S
Article EII.-This act Of Incorporation, may
'e changed. modified or altered. or This cor. l
grafton may he dissolved. with the assent Of 7
II .NnIIderS owning two-thirds of all the
loNN OF Ile corporation. at 4 general meet. |
NC convened for that purpose. and after AZ
east ten days written notice Of his r,eot
ng mas been given through mail. addressed
resdo r,ocN'2.der, at his last known place
residence. In case of dissolution. by the
Nplratlon OF this charter or otherwise III !
'ockholderS shall elect three liquidators ~, |
hong their number, 10 lquidate and settIe
iSe OF death or disability OF anv one ~
ana commissioners or liquidato-s. the sur
iV"rS or remaining liquidators shall annoirt
III I'T te,,S 70 him The said liquidators
nan nave tull power to settle said commence
ebts. and divide the remaining ,,orn,
T"perty among the stockholders They sb,Ii
80 nave power TO meet and act under the
laws OF the corporation and under reVr, ,
ma, - ne made by majority Of said
pWuatorS; to tx the price and prescribe
ie terms of sale of said p-opertv anJ he |
amer in which the sale shall he mad Ia
take notes and bonds, secured bv mort. .
- o.ITrWlSe' Tor part of the purchase ;
ICt i1r an or any part Of said propertv |
otIded; however. that the rights herein !
inferred upon the liquidators NAV he nod |
eu, changed or denied by majority of the
on The said liquidators shall have LIZA | o
10 sue for and recover the debts and ;
operty IN the name of the corno-ation ca
aEy, Pe SUED by the same name, and tbev i
octbmiIn dfIe IN Solldo to any creditor or +
ockholder for the monies and pronerty ~
e corporation. which shall come into tbe;- :
mas or possession as liduidators and 81. =
( proper Application and distribution there. +
Article NIIT.--M. Aronson. 1911 South 4
ahIkIn street, New Orleans. La. has eTbI Il
11 :, ~ to fifty shares: Lazard d. SokoIsEy n
Fsc rfni'qn IN street New Orleans La. has
S-lf DO 10 nifty shares; and Harry Sing. a
H'3 PeniSton street, New Orleans r. Il
5 subscribed to fifty shares. i-''' S
Article IN.-Until the election 70 he bordI
. 's sS,i nith day in January 1918 the follow
rs VIZ: Lazard d. Sokolskv. NJ A-onsor il
i, larry Singer, with the said Lazard d L
NoISky as president; the said NJ Aronson a
,retary. "'"ser as rt
nus done and passed in my Office. on tbo
y month and year first above written. in
y presence OF Frank b. Twomey and To. Of
IN l.. Weiss, competent witnesses wbo "
We signed with the appearcrs and me. T tbe A.
Iary' after reading the whole. -
,,rigInai Signed: NJ Aronson. 50 shares n
J. > ,l Lranklin St; L. D. Sokolskv. 81 II
ireS' AU4 Pension St: Harry Sirger IN M
lres, HCb Pension St n TH.o-r, XXI