The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1917-04-28

twenty-five dollars, being issued 10 s %5.s Of
Blumenthal in full payment transfa.llliasan
assignment by him to the corparas;a. and
his rights, title and interest in and I'm y q
the said firm of Kahn & We'll, sai5 w; wy Of
in, and being valued at twenty-five iatI aeFe
($25). solafs,
No stakeholder shall have the ~.
sell or transfer his stock in the corper as %
without giving to the corporation tbaasioA
its secretary treasurer, fifteen days a suh
notice in writing of such intention ~ = ipfiot
stockholders shall have the first MN; Mn she
of purchasing said stock at the book ,..sge
thereof for period of fifteen days fron saae
after the date of said notice. - aad
ARTICLE FIVE.
All the powers of the corporation sh.,,
vested in and exercised by a board - ne
rectors to be composed of three stocEhsHasaAi.s
to be elected annually on the third Safaafs,
of February of each year. beginning II "
year 1918. A majority of the board zig ans
constitute a quorum for the transaefiossa sa
any and all business of the corperatior Z y. "
such elections shall be made at The ,ss az
of the corporation and shall be by ban ss
under the supervision of commissioning =
he appointed by the board of diraat y
Notice of such elections shall be de,;nsss
TO each stockhoder in person, or by dane.sa
ing in the posteffice written notice fb essA
properly addressed to the stockholder 4 III LII
last known address. at least fifteen davsslas
Other stockholders meetings may ba MI,
when ordered by the board of directors w
when ordered by the holders of twenty AZ =
per cent of the outstanding capital stncl u
the corporation. At all elections and at X
meetings of the stockholders each sfns u
holder shall be entitled to one vote for AL
share of the capital stock standing ii II;
name on the books of the corporation nv ~ 8
majority of the votes cast shall elsss
Any vacancy occurring among the diractsss@8
or afIG n N thary yssa IL.
sled for the remainder of the term kv III
other directors. A failure to elect drectass
on the date specified above shall not al.
solve the corporation nor impair its corperats f
n,anageme emit, but the officers and direetors
hen in office shall continue and remain il
office until their successors elected ana
qualified The board of directors shall eiess
from among their number, at their 6rst
meeting after election. president, yira
president and a observation-disclosures, all ii
whom shall be stockholders of the eorpors.
zion. The board of directors may from lima
10 time name and appoint such MANAGERS
clerks, agents and other employees az they
may deem necessary for the purposes and
business of the corporation, and fix Their
CONDENSATION. They may also adopt as well
as amend and alter at pleasure, by-lags
rules and regulations necessary for the man.
arement of the business of the corporation
ARTICLE SIX.
| This act OF incorporation may be modified
q amended, OF CGe COTpOIhIlOH may ne dis
solved, with the assent of two-thirds Of The
| capital stock at d meeting of the stock.
| holders convened for that purpose after due
| notice as provided for the calling of meet.
| ngs of stockholders for the election Of di.
rectors and whenever the corporation ii
dissolved either by law or otherwise its
| fairs shall be liquidated by one more
| icuidators VINO shall be elected from among
| he stockholders at general meeting Of
| the stockholders; said llquldators shall re-
has fair of @nG
ration shall have been fully lquidated and
settled. In case of the death of or inability
| of one of the liquidators to act. the remain
| ing liquidators shall continue to act. Any
/! changes proposed to be made IN reference
| to the objects and purposes of the CORPORA.
| ton or to the capital stock, shall be made ID
| accordance with the laws of the state Of
| Louisiana on the subject.
| ARTICLE SEVEN.
No stockholder shall ever be held liable
| cor the contracts or torts OF the corpora
| ion in any further sum than the unpaid
| balance due by him the shares of the
| capital stock of the corporation owned bY
| him. nor shall any mere lnS9rmality IN Or.
ganization have the effect o1Jrendering this
| charter null and weld or OF exposing stock.
| holder to any liability beyond the unpaid
balance which may be due on his Stock
ARTICLE EIGHT. f
! The following stockholders have been
| chosen and elected to comprise the first
| hoard of directors of the corporation, name
ily: Alphonse Kahn, Donaldsonvlile, Louls-
ana: Henry L. Well, Donaldsonyille Lepiss
ana. and William Blumenthal, Donaldson.
vile. Louisiana, who shall serve as such
| Until the third Saturday in February aslS
or until their successors are elected ana
qualified, with Alphonse Kahn as presldens.
| William Blumenthal as vice presldent aEa
Henry L. We'll as secretary treasurer, Wae
! shall serve as such until their HaeeessafH
| are elected and qualified.
The subscribers hereto have respeesaVels
/ written opposite their names the amount
| of fully paid up capital stock subscribed tss
by them so that this act of lncorporaslon
/ shall serve as the original subscription lat
| Thus done and passed, parish Of Asceas
| sion, state of Louisiana, on this 20th cay 7ei
/ March, 1917, in the presence of Albert biat5
chard and George Pfister. lawful and e eIai
petent witnesses, who, together with sHa
| appearers and me, notary, have signed thess
/ presents after due reading OF the whole.
| HENRY L. WE'LL, SO shares;
| ALPHoNSE KAHN, 10 shares
| WILLIAM BLUMENTHAL, share
| Witnesses:
ALBERT BLANCHARD,
/ GEO. PFISTER.
r. j. CHAUyIN.
| Notary Public.
State of Louisiana. Paris9e As cen en-.
going act of incorporation of the Kahn, wen
| Company, Incorporated. was this day guy
| recorded in Book of Charters OF the PARISH
of Ascension No. /, at folio 5.
Parish of Ascension, La, this 20th gay e
j. Ed. FERNANDEZ,
Dy Clerk of Court and Recorder
! A true copy of the original
/ j. Ed. FERNANDEZ,
Dy. Clerk of Court and Reeordss'