The herald. [volume] (New Orleans, La.) 1905-1953, 1917-02-15

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| 60 - ,,. - ~ ,,r.il ,Ieir successors
LT ~. - sIe.,ed I'D Urai,ficd No
igiIrr-e IN flert Shall he regarded as a forfeit
| 49,. - r. Cb,-trr Any vacancy occurring
| az "a - HI La i;IIsJ L,, M re-na;no
no i;rerrnrs for the unexnired term; said
ii's iI Il;sc Slert he ,djit;onal r1c,..
80 - -. - sboIId detr-1,ine 70 increas,
The nur,he- Of said board Said Board OF
kDr;(-.r."-s sb,T a. - list meeting after it's
800, .,-,;-,+ a,, ~ rs 1nmber a pres
| 49, T;re .p-eside,t a SeCre.arv and 4
ToaS'ra "a ~, cor,b;r,s INV +yy1 ~ said
| FE;las :, - ra-eg- Sd bo5rd shal have
| 81. ~;bt y, MN, and dismiss such clerks
| .oa-s - fdr.Le- s-noIorees of the rornor,
ti"n ss c,nditiSnS NAV iustifv or the business
~ tbc C0+nnratin, NAV reorire The tenure
NJ 61ficr II ali the employees Of the corpora
80 Su he d,r,r, ,b Die1srre ~ The Board
~, D;rer.,rS Az ~ he directors ar off
GERS shall have the right TO appoint by written
Instrument another director or stockhoder TO
act his proxy or in his stead at any one of
the meetings Of the Board of Directors. Any
80, 81 n haya he
| right 10 appoint by written instrument an
other director stakeholder 10 act as his
proxy in his stead at any one OF the meet
ings Of the Board OF Directors Said stock
may be issued in payment for property
rights purchased by the corporation or for
services actually rendered TO it. and in pay.
msnt Of the subscription 70 -Four hundred
(4OOl shares Of said stock by Herman Brat
mann the said corporation may accept the
transfer and delivery Of the business con
Quoted by sad Herman BTatman IN TINS oity
| At No. go Charities Street, consisting OF the
stock in trade, outstanding accounts. machin-
cry. cash IN bank. good Will, etc, the com.
pany to assume the outstanding obligations of
the said concern, the whole as more partic-
! ularly set forth in detail IN the statement
annexed 10 and forming a part OF this Act
Of Incorporation. The Board OF Directors
! hereinafter named having valued the SAID
business as going concern at the sum Of
( | Forty Thousand tS+1,UDUo) Dollars, more
than fifty per cent OF the capital stock hay-
ing Deen subscribed ana pa'G IcI lily 1L
corporation shall be a going concern at once;
Article Vino stockholder Sha!l be heId
liable or responsible for the contracts, faults,
or debts of said corporation, nor shall any
mere inf0rmallty IN ITS formation have the
effect Of rendering this charter null or OF
exposing a stakeholder 20 any LIABILITY
beyond the unpaid balance due on the shares
| owned by him.
| Article VII-This Act Of Incarceration
NAV he changed. modified or altered or this
| co-no-ation NAV be dissolved with the assent
| L ID IS he
| stocL AZ the corDoration at general meeting
| convened for that purpose and after at least
been given through mail addressed to each
stockholder at his last known place of resi-
dence. In case of dissolution by the expir-
! alton of this Charter or otherwise, the stock
holders shall elect three liqudators from
among their number to liquidate and settle
me dofb eS dsablity of any Of the said com
, | ,r;ss;oners or Iinuidators the survivors or
Temaining Tauidators shall have full power
70 Settie said Conpanys debts and divide the
! | remaining money and property among the
stockholders. They shall also have power
E 10 meet and act under the bylaws of the cor
! noration and under regulations TO be made by
he majority of said liquidators, 90 fix a
j. price and prescribe the terms Of sale OF said
d pruperty and the manner in which the sale
d shall be made and TO take notes and bonds
5 secured by mortgage or other wise for part
n of the purchase price for all or any part OF
p | said property provided however, that the
j. rights hsrein conferred upon the liquidators
$ nav be modified, changed or denied by ma
iority Of the shares of the capital stock of the
n corporation. The said hquidators snaH nave
l. authority to sue for and recover the debts
II and property in the name Of the corporation
= and may be sued by the same name. ana they
to shall be liable in solido TO any creditor or
IF stockholder for the moneys and property OF
Il the corporation which shall come into their
d hands or possession as liquidators Tor the
= further application and Distribution thereof;
r Article NIII.-The names and addresses OF
l. the subscribers to the capital stock OF I'M ,
y corporation are: Hermann BTatman, ioli
IS Constance Street New Orleans, tour hnndIeo
IS shares; Morris Warshauer, SVl| CGnstahce
s, Street, New Orleans, fifty shares; HERMAN
lie Gross, Bunkie, La, twenty shSrg5s; yosep p
n Levy, 1851 state street. New OIIeans, tsn
ii shares; DENNIS Porter, lg Nof'n oiyu npe
le street, New orleans, i've SNARE , -Noe a.,