The herald., 1918-12-26
CHARTER

and purposes.
ARTICLE 1.-THE domicile of this cor.
poration is hereby declared to be the City
of New Orleans, State of Louisiana. All CT
upon the President. and in the absence of the
President, on the Vice-President. and in
the absence of both of them upon the Secre-
tary.Treasurer, of the corporation.
ARTICLE III.-The objects and purposes
for which this corporation is organized, and
the business TO be conducted by II. are de-
clared to be, manufacturers and dealers in
store fixtures, and store fronts, and in fact
everything incidental thereto or connected
herewith, and to deal in other articles OF
commerce.
ARTICLE IV.-The capital stock of this
corporation shall be fifty thousand dollars
$50 OOOoO, divided into 500 shares of the
par value Of ono hundred $4,000 dollars per
share. Said stock snail be represented ~
ertfica'as OF st K TO be issued al such time
and for lch amount. The board Of direo-
.ors shall see = and proper, and shall he
paid for ! nca. or its equivalent in prop
erty, as the Board of Directors shall decide
Ali shares shall be full paid and non as
sessable. No stakeholder shall have the
right to sell otherwise dispose OF his
stock in this corpor ton, without first Of.
fering same 10 this corporation, and 20 the
individual members OF this corporation, al
the book value thereof, and this corporation
is authorized to purchase said stock at said
book value for the benefit of the other stock
holders of the corporation. Should the cor.
poration decline to purchase said stock the
shareholder shall have the right of option
to offer said stock for sale TO any other per
son, or persons, firms or corporations.
ARTICLE V.-This corporation shall be a
going concern when twenty-five Thousand
Dollars (S25OO0.OO of its stock shall have
been subscribed.
ARTICLE VI-All the corporal. powers
az hal he ed
the management and control of its bust SIS
and affairs conducted by a Board Of D.rec-
tors, composed of not less than -four sock
holders, three of whom shall cor re
quorum for the transaction OF busi.- "
member of said board to own or subscribe
for less than one share of stock. Said Di-
rectors shall be elected by ballot at a gen
eral meeting of the stockholders to be held
on the 30th day of December of eachl year
Every stakeholder shall be entitled, in per
son or by proxy, to one vote for every share
of stock owned by him. All elections shall
be held under such rules and regulations a:
may be determined by said Board of Didec
tors. Ten days notice in writing, directed
to the last known address of every stock
holder shall be given of all elections. Any
failure to elect officers or directors shall moi
be considered as forfeiture of this charter
Any vacancy occurring in the Board OF DI
rectors shall be filled by the remaining di
rectors for the unexpired term. Said BOARD
Of Directors is vested with the power anC
authority to mortgage or pledge the property
real, personal and mixed, of the corporation
as they may deem fit and proper; to pur
chase, hold, own. mortgage, pledge, lease and
dispose of real estate; to execute mortgages
issue notes, bonds and other evidences o.
debt, and TO borrow and lend money or
same to and from individuals, firms and cor
porations, at such times, for such prices am
upon such terms and conditions as they
may deem advisable; and to make all the
rules, regulations and bylaws for the govern
ment, control and management of the bust
ness and affairs of the corporation, and al
ter, amend and change the same at plea
sure The following stockholders are hereby
declared to be the first Board of Directors
of this corporation, all of whom shall hole
office until the 30th day of December, 1919
or until their successors shall have beer
elected and 9ualified;, Karl Hansen, E
Bender.
ARTICLE VII.-The officers of this cor
poration shall be a President, Vice President
Secretary and Treasurer. The offices o
Secretary and Treasurer may be combined
into the office. of Secretary-Treasurer, ant
who need not be a stakeholder.
ARTICLE VIII.-No stakeholder shall
ever be held liable or responsible for tn,
contracts or faults of said corporation il
any further sum than the unpaid balanci
due on the shares of stock OWNED by him
nor shall any mere informality or irregular
ity in organization ever have the effect o
rendering any stakeholder liable as a part
ner.
ARTICLE IX.-This act of incorporation
shall be changed, modified or altered, o
this corporation shall be dissolved with tn,
assent of two-thirds of the stock of the cor
poration, present represented at a gen
eral meeting called for that purpose, afte
prior notice in writing to each stakeholder
mailed to him at his last known post offic
address, in accordance with the terms o
Az III sHn e
charter or the earlier dissolution of th
corporation for any cause, its affairs shall
be liquidated by one or more lquidators L
be elected by the stockholders, all of whom
shall hold stock in said company, and tn
said commissioners are hereby vested wit
full power and authority to liquidate tn
affairs of said company in accordance witt
| the terms of Act number 267 of 1914.
| ARTICLE X.-The appearers hereby de
clare that they have subscribed to the mum
Der of shares opposite their names, and tn
signatures thereto shall constitute their orr
ginal subscription to the capital stock of tn
corporation.
Thus done and passed in my notarial offic
in the City of New Orleans. the day, mont
and year herein first written. and in tn
presence of Marguerite G. Stein and Ida I
/ Posey, competent witnesses, who hereunt
subscribe their names with said appearers an
me, Notary, after due reading of the whole
| Original Signed E. w. Ullrich, u
shares, Sl2,5O000, 62l North Carrollton Ave.
Karl Hansen, Us shares, sl2, $1,000 45l0 Sout
Johnson Street; Milton H. Morrill,, l shar
$1,000, 2ll North Rendon Street; Carl 1
Bender, share, $1,000, ss15 Apricot Stree
| New Orleans, La. Witnesses: M. +
Stein, /. Tt Posey. MARTIN H. MANION
Notary Public.
I, the undersigned Recorder of Mortgage.
| in and for the Parish of Orleans, State G
Louisiana, do hereby certify that the abov
and foregoing Act of Incorporation of tn
Karl Hansen Co., Inc, was this day dull
recorded in my office in Book l222. foil
594. New Orleans, November q, 1918.
EMILE ]. LEONARD. d. R.
A true copy. MARTIN H. MANION, NJ
tary Public.
Dec. 5-l2,io-26; Jan. 2-9.