The herald. [volume] (New Orleans, La.) 1905-1953, 1917-08-09
CHARTERS.

board OF three directors, who shall be elected
annually at a meeting of the stockholders
on the Third Monday of July OF each year.
The first annual meeting shall be held on
the Third Monday of July, 1913, until which
time the officers and directors named IN this
charter shall act, or until their successors
are elected and qualified. The stockholders
may at any time remove any director and
The officers OF this corporation shall be a
president, vice-president and secretary
The first board of directors to serve for
the first year shall consist off:
Aaron Rosen, 72l Magnolia Street, New
Orleans La; Morris X. Rosen, SIS ). Clal-
borne Avenue, New Orleans, La; Herman
Perlof, 1923 Tulane Avenue, New Orleans,
La With Aaron Rosen president, Morris
r. Rosen. vice-presdent; and Herman Per
loft, seCretary-treasurer.
All elections shall be by ballot at the of.
fee of the company, under the supervision OF
two commissioners to be appointed by the
board Of directors Notice of such meeting
shall be given by the secretary-treasurer IN
writing and delivered to each stockho!der IN
person or mailed TO his last known address
at least fifteen days prior TO such election
but this notice may be waived by all the
stockholders.
At all such elections and at all meetings
Of the stockholders, every stakeholder shall!
be entitled to one vote for each share OF
stock standing in his name on the books OF
the company at the date OF such election or
meeting; said votes 10 be cast in person or
by written proxy; and a majority OF the
votes cast shall elect.
The failure TO elect directors at the annual
meeting shall not dissolve or affect the cor
puratiOn impair ITS management IN any
respect, but the directors III office shall re-
main in office until their successors are
elected and qualified Each subsequent board
Of directors shall elect as soon as possible
after their own election a president VICE
president, and a secretary treasurer, and may
grant to each officer such powers as they
All vacancies in the board of directors for
whatever cause shall be filled by the re-
naming directors. Any member OF the board
may appoint any other director ms proxy 10
act in his place and stead at any meeting OF
The board of directors may make, amend
and repeal bylaws for the regulation OF the
company, not inconsistent with such bylaws
as NAV be made by the stockholders.
Article NI-This act of Incorporation may
be modified. changed or altered. said cor
poration may be dissolved, with the assent
Of two-thirds of the capital stock outstanding
at a meeting OF the stockholders convened
for that purpose, and after fifteen days writ
ten notice has been delivered in person or
given by letter mailed to the last known ad-
dress OF each stakeholder The said notice
NAV be waived by the unanimous consent OF
all the stockholders.
In case of the dissolution of the corpora
ton. its affairs shall be lquidated by one
or more commissioners elected by the stock
holders, with such powers. compensations'
and duties as the stockholders shall deter
mine.
Article VII-No stakeholder shall ever be
held liable for the faults or contracts OF
This CORPORATION in any further sum than the
unpaid balance due TO the corporation on
the shares subscribed by him; nor shall any
mere informality have the effect OF render
ing the charter null or of exposing any
stakeholder TO any liability beyond the un-
paid balance due on his stock.
The subscribers hereto have respectively
written opposite their names the amount OF
stock subscribed by them in this corporation,
SO that this Act of Incorporation may also
serve as the original Subscription List OF the
corporations; and they have stated their post
office addresses 50 as TO conform with ACT
2O7 of 1914.
Thus done and passed in my office at the
City Of New Orleans, State Of Louisiana, on
the day, month and year first hereinabove
and George Arthur Seaver, competent wit
nesses, OF the full age of majority and re-
siding in this city, who hereunto sign their
names with the said appearers and me, no.
tary, after due reading of the whole.
Original Signed: A. Rosen, 72l Magnolia
NJ. R. Rosen, SIS S Claiborne Ave. New
Orleans, La. 3 shares, $4,000; II. Perlof,
1923 Tulane Ave, New Orleans, La, 10
shares, $1,000.
CHARLES ROSEN, Notary Public.
1, the undersigned. Recorder of Mortgages:
in and for the Parish of Orleans, State OF
Louisiana, do hereby certify that the above
and foregoing Act of Incorporation of the
International Scrap Material Company, Inc,
was this day duly recorded in my office, IN
Book l2l2, Folio :.
New Orleans, July 10, 1917.
EMILE J. LEONARD, by. r.
(SEAL)
A True Copy:
CHARLES ROSEN, Notary Public.
July l9 % Aug 10 %