The herald., 1917-03-15

clrpOration, nOtwiths landing their relations,
,ficia! or otherwise, to H. have the right and
consu,uate and perform any contract or agree
ment II any name or nature between the
Incorporation and themselves, Or any or all OF
the ind yiduaiS from time - time, CsnSt!tu-
ting the Board Of Directors Of the corPor-
alton, or any firm or corporation III winch
any Sach directors, incorporator o- stock
holder may be interested directly Or midi
-rctlv whether such individual Or lndiVId-
r.l, firm or corporations thus contracting
with the corporation shall thereby derive per
sorll or corporate proht or beneht or other
ENr>r, the intent thereof being % relieve each
md every person who may be or become an
incorporation, stockh)ldcr OF director Of the
corporation from any disability hat might
otherwise exist NJ contracting with the cor
po-4,rou for :he benefit Of himself. or o. the
p-partur--hIp or cooperation IN wl!cI ne
f7.y Ne in any wise interested
Article N.-AU IF the corporate powers Of
a., corporation shall be vested IN and ex-
ercr-ct by a Board Of Directors composed
Fl no, less than three 90 stockholders and
r1: more than i've 80 stockholders. a ma
,1rly ,i the Board shall constitute quorum
Tor the transaction pi all business. The Board
"a; Directors herein named shall have the
night 20 augment lis number by any add''
,i,n ,,r % the maximum OF i've directors.
The directors shall be elected annually, by
ballot. by the e,ockhnller- on the second
stockholders ,haI! be entitled III person Or
~ Ir1Ny, 20 ore vote Tor every share OF
sock owned by him, and all elections shall
be held under such rules and regulations as
may hc specified by the Board Of Directors,
after fifteen N5I days notice Of such cleo
;,pn shall have been sent - each stocNh0Idcr
4, h:- last known address.
NJ failure 10 elect directors Nhail De re-
slriri a forfeiture Of this charter Any
vacancy occurring on SAID board shall be
allied by the remaining directors Tor the
uncNpred term. sand board OF directors
shall, AZ lis urNt meeting after rs election,
0'4F4r- |fFF
3 vice-presIdeut. and secretary treasurer.
said board shall have the right TO appoint
i the corp,ratiou a.. in rs Judgment may
be deemed necessary. Any director shall
have the night to appoint. IN writing. any
other director to act as hrs proxy and IN his
stead at any and all meetings OF the board
whose post office address Is No 1914 Petets
Avenue. New Orleans. La, Samuel OhnSteir,
whose post office address, IS No. 1918 Octavia
street, New Orleans, La, and Jacob Loeb,
whose post office address IS 1915 Robert
street. New Orleans, La, shall coustltu'
the ur,t board of directors Of this corpora
ton, with Arthur Grover Newmyer as Prea
ideut. Jacob Loeb As vIce-president and sam
uel Ohnstein as secretary treasurer, 70 serve
until :hc second Monday III January, 1918
~ until their successors shall have been
elected and qualified.
Article Widths charter may be amend
Fl, altered changed Or said corporation
may be dissolved. at any general meeting
II the stockholders, convened for that pur-
pose after fifteen G5) days written notice
If the meeting had been given through mail,
addressed to each Stockhodcr at his last
known place OF residence, and in accord
aucc with the laws OF this state; and, in
case Of dissolution Of the corporation being
determined by the necessary vote the stock
holders shall elect and select two (g stock
holder, to liquidate and settle the business
and affairs Of said corporation. In the event
OF the death OF either of said commissioners,
the surviving commissioner shall continue TO
liquidate and settle the affairs of the cor
The capital stock of this corporation may
De increased up 10 the sum OF one hundred
thousand lSlOo,O0C0 dollars, or any part
thereof, or decreased, in the manner pre-
scrbed by law.
Article NIlI.-No stakeholder shall ever
he liable or responsible for the contracts,