The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1917-04-21

five dollars ts2oj OF SAID capital stock -
resented by one share of the par y VAL rep.
twenty five dolElstS being issued to VIZ. q
Blumenthal in full payment, transfs..am
assignment by him to the corporat;on ans
his rights, title and interest in and n II Y u
business, property, assets and good Nh, N ne
the said firm of Kahn & We'll, said inta.oi
in, and being valued at twenty-6v doIi.as.l
(s25).
No stockholder shall have the r;pbt
sell transfer his stock in the corporato ~
without giving to the corporation threoia
its secretary-treasurer, fifteen days mn
notice in writing of such intention, and IT.
stockholders shall have the first privilsass
Of purchasing said stock at the book 49,
thereof for period of fifteen days fror, ss
after the date of said notice. w
ARTICLE FIVE.
All the powers of the corporation shall Il
vested in and exercised by board Of a. ~
rectors to be composed of three stockhol5est
TO be elected annually on the third saturaas.,
of February of each year, beginning in ~
year 1918. A majority of the board sba,1s
constitute a quorum for the transaction -
any and all business of the corporation. AIl
such elections shall be made at thu ofsica
Of the corporation and shall be by ballos
under the supervision of commissioner -
be appointed by the board of direetnrsso
Notice of such elections shall be deliveras
20 each stockholder in person. or by deposit
ing in the postoffice written notice tharaas
properly addressed to the stakeholder at NJ,
last known address, at least fifteen DAYS Nj 4
fore the date of the holding of said election
Other stockholders meetings may be bad
when ordered by the board of directors o.
when ordered by the holders of twenty. AVA
per cent OF the outstanding capital stock -
the corporation. At all elections and at III
meetings of the stockholders each stock.
holder shall be entitled to one vote for eaeh
share of the capital stock standing IN III.
name on the books of the corporation. ana
a majority of the votes cast shall eleet
Any vacancy occurring among the dreetora
by death. resignation or otherwise. shall II
| fled for the remainder of the term by IN
other directors. A failure to elect drectora
on the date specified above shall not dis
solve the corporation nor impair its corporal.
management, but the officers and directors
then in office shall continue and remain in
office until their successors are elected and
qualified The board of directors shall elect
! from among their number. at their frst
meeting after election. president, a vice
president and a secretary treasurer, all of
whom shall be stockholders Of the corpora
ton The board of directors may from time
to time name and appoint such managers.
clerks agents and other employees as they
may deem necessary for the purposes and
business of the corporation, and fix their
COMPENSATION. They may also adopt az well
IS amend and alter at pleasure, by-iaWg
rules and regulations necessary for the man.
aeement of the business of the corporation
ARTICLE SIX.
This act OF incorporation may be modified
amended, 8.
solved, with the assent of two-thirds Of the
capital stock at meeting of the stock
holders convened for that purpose after due
| notice as provided for the calling OF meet
ings of stockholders for the election Of d.
aaEectors and whenever the corporation ID
dissolved, either by law or otherwise. It'll
EsFairs shall be liquidated by one or more
& Guuidasors who shall be elected from among
/ the stockholders at general meeting Of
tbe stockholders; said liquidators shall re-
main in office until the affairs of the eorpo.
ration shall have been fully iquidated and
settled In case of the death of or inability
of one of the liquidators to act. the remain.
ing liauidators shall continue to act. Any
changes proposed to be made in reference
to the objects and purposes of the corpera-
tom or to the capital stock, shall be made Ia
accordance with the laws of the atate of
Louisiana the subject
ARTICLE SEVEN.
No stoekhelder shall ever be held liable
for the contracts or torts of the corpora.
ton in any further sum than the unpaid
balance due by him on the shares OF the
capital stock of the corporation owned BY
him, nor shall any mere lnformallty IN Or
ganization have the effect of rendering this
charter null and void or Of exposing stock
holder to any liability beyond the unpaid
balance which may be due on his stock.
ARTICLE EIG1T.
The following stockssnders have been
chosen and elected to comprise the frat
board of directors of the corporation. mama.
~: Alphonse Kahn, Donaldsonyille LOuisl-
ana; Henry L. We'll, Donaldsonville, Louisise
ana. and William Blumenthal, Donaldson-s
Vile. Louisiana, who shall serve ~ such
until the third Saturday in February. 1918.
OF until THAR successors are elected and
qualified, with Alphonse Kahn as president.
William Blumenthal as vice president, and
Henry L. We'll as secretary -treasurer Whe
shall serve such until their sueeessors
are elected and qualified.
The subscribers hereto have Respectively
written opposite their names the asnoun55
Of fully paid up capital stock subscribed fer
by them so that this act of incorporates
shall serve as the original subscription list
Thus done and passed, parish Of Ascen-
sion, state of Louisiana, on this 20th day af
March, 1917, in the presence of Albert Blsn-
ehard and George Pfster. lawful and com.
petsnt witnesses, who, together with ssid
appearers and me, notary, have signed THESE
presents after due reading of the whole.
HENRY L. WE'LL, so shares;
ALPHONSE KAHssaA9 shares
WILLIAM BLUMEN>4aaAL, i share,
Witnesses:
ALBERT BLANCHARD,
GEO. PFISTER.
r. j. CHAUVIN,
Notary Public.
State of Louisiana Parish of Ascension--.
I hereby certify that the above and fore
gaing act of incorporation of the Kahn, " eA
Company, Incorporated, was this day duly
recorded in Book of Charters of the parish
Of Ascension No. /, at folio 5.
Parish of Ascension, La, this goth cay o.
March, 1917.
]. Ed. FERNANDEZ.
DIV. Clerk of Court and Recorder.
true copy of the original.
o j. I'D. FERNANDEZ,
Dy Clerk of Court and Recorder