The herald. [volume] (New Orleans, La.) 1905-1953, 1918-01-03
CHARTERS.
out any of fthe aforesaid objects and pur-

out any of fthe aforesaid objects and pur-
poses.
Article IV.-The authorized capital stock
OF tins corporation is hereby fixed at the
sum OF One million dollars, divided into and
represented by ten thousand shares at the
par value of one hundred dollars per share;
but the capital stock of this corporation may
be increased, ing the manner provided by
law, to the sum of two million dollars. The
capita! stock when issued shall be full paid
and non-assable, and shall be issued either
Tor cash, or for such property, real, per-
onal or mired as shall be acceptable to
the Board OF Directors and stockholders. And
this corporation shall have the right to COM
mence business when fifty per cent of the
amount OF its capital stock is subscribed and
htty per cent of the amount of stock so
subscribed is actually paid for in cash, or
It's equivalent in other property.
Article N.-The business of this corpora
ton shall be managed by, and all the cor
porate powers thereof Shall be vested in and
exercised by a Board Of Directors composed
Of not less than three, nor more than eight
directors, to be elected from the stockhold-
eTs; and three directors present at the domi-
cile OF the corporation at any time during
the LIE OF this corporation, shall constitute
quorum, provided that SO long as there
are only three directors constituting the
| tull board, either present in person or rep
resented by poxy, shall constitute a quorum.
| Article VL-The, first Board of Directors
shall be composed of Samuel We'll, Jacob
|
Marian We'll, Meyer S. Dreifus and Paul
trankfurther, with Samuel We'll, President,
,M1eo6 We'll, Vice President and General
Assistant Treasurer, Harris S. We'll, Treas.
ureTT. Said Board of Diectors, to gether with
said officers, shall serve until their success
sors are elected and qualified.
Article VII-On the second Monday in Ian.
| ua.y of 1919 and annually thereafter, a meet
ing Of the stockholders OF this corporation
| shall be held at the office of the company
| tor the purpose of electing directors fol
| the ensuing year; and at such meetings the
stockholders shall have the right of cumu
| idtiye voting IN the election of directors, anC
shall have the right of electing the number
| 81 directors, then in office, and if there are
not as many as three directors then in office
shall have the right OF electing additions
| directors so long the full number of d
| rectors elected does not exceed eight.
failure from any cause whatever to hold tht
| annual meeting of stockholders, or the fail
ure to elect directors, shall not dissolve thi.
| corporation, but the directors then in offic,
shall remain IN Office until their successor,
| shall shall have been respectively duly cho
sen, elected, qualified and installed.
Article villa meeting of the stockhold
eTs may. be called at any time by the Pres
Ident, after ten days notice shall have beer
gwen, by sending through the mails sucl
notice, and the certificate of the Secretar,
that such notice has been sent through tn,
mail shall be sufficient evidence that notice
| OF said meeting has been given.
Article IX.-This charter may be amend
ed, and the capital stock of this corporation
may be increased or decreased, or this cor
poratiOn may be dissolved in. the name
provided by law.
Article X.-No stakeholder of this cor
poraton shall ever be held liable or reSpon
slble for the contracts OF faults of this cor
poration in any further sum than the unpait
balance on the stock for which he has sub
scrIbed, nor shall any mere informality il
| organization have the effect of rendering
ihls charter null, or of exposing a stock
holder to any liability other than as abov
provided
Thus done and passed in my Office, at tn
City OF New Orleans, louisiana, on the day
month and year herein first above written, II
| the presence of Edward b. Ellis and Mar
. | guerite u. Stein, Competent witnesses VIII
, have hereunto signed their names with sal
, apPearers and me, Notary, after due read
ing OF the whole
{ Names of Subscribers.
Witnesses: NJ. G. Stein, E. B. Ellis
MARTIN H, MANION, Not Pull
t l, the undersigned Recorder of Mortgage.
: in and for the Parish of Orleans, State @
and foregoing act of Incorporation of Tn
Nicarasuan Fruit. and Steamship Company
Inc, was this day duly recorded in m
office in book l2l2 folio -
! New Orleans, November "a, 1917.
EMILE J. LEONARD, D. F
true copy.
MARTIN H. MANIoN, Not. Pull
Nov % Dec Is 20 u Jan 3-lS