The herald. [volume] (New Orleans, La.) 1905-1953, 1918-09-05
CHARTERS

thus elected shall continue in office Tor one
year, or until their successors shall have
TO elect shall be regarded as a forfeiture Of
! this charter. Any vacancy occurring Oh
said board shall be filled by the remaining
directors for the uaeNpired term; the said
members IN case they should determine 10
increase the number u said Board. Said
board Of directors shall al its first meeting
after ITS election, nominate out Of its mum.
Der, a President, a President, Secretary
Treasurer. Said Board shall have the nigh,
TO sever or to consolidate any Of said Of
fees into one, as also the right 20 appoint
and dismiss such clerks, managers, and other
may justify or the business OF the corpora
ton may require. The tenure Of office ut az
The employees OF the corporation shall be
during the pleasure Of the Board of Direc-
tors Any Of the directors shall have the
right 20 appoint by written instrument, an.
other director or stakeholder to act as his
proxy and in his stead at any and all meet.
.ngS Of the Board Of Directors.
ARTICLE Vino stockholders shall ever
be held liable or responsible for the con.
nor shall any mere informality in its orga-
nization have the effect of rendering this
charter null. or Of exposing a stockholder
10 any liability beyond the unpaid balance
due on the shares owned by him
ARTICLE NII-This act Of Incorporation
may be changed. modified or altered or this
corporation may be dissolved, with the as
sent OF the stockholders owning two-thirds
Of all the stock Of the corporation at a gen
eral meeting convened Tor that purpose, and
after al least ten days written notice Of
this meeting has been given through mail
addressed TO each shareholder a. his LAS;
known place of residence. In case Of dis
solution by the expiration Of this charter or
otherwise, the stockholders shall elect three
| liquidatorS from among their number. 10 H.
quidate and settle the business and affairs
.ta l.. 4
| ability Of any one Of said commissioners or
| liqudators, the survivors the remaining
| llqudators. shall appoint a successor TO
| him. The said hquidators shall have full
| power TO settle said COmpauy's affairs, col
| lect outstanding debts, sell and convey prop
erty, pay its debts, and divide the remain
| ing money and property among the stock
| holders. They shall also have power to meet
ana act under the bylaws Of the corporation
| and under regulations TO be made by a ma
| Jority of said lquidators; to fix the price
/ and prescribe the terms and sale Of said
| property and the manner in which the sale
| shall be made, and take notes and bonds Sc
cured by mortgage or otherwise, for part OF
| the purchase price for all or any part Of
! sad property, provided, however, that the
| rights herein conferred upon the lquda-
tors may be modified, changed or denied by
a majority Of the shares of the capital stock
/ OF the corporation. The said lquidatorS shall
have authority to sue for and recover the
debts and property in the name Of the cor
pOration and may be sued by the same name,
and they shall be liable in solido to anv
creditor or stakeholder for the monies and
property Of the corporation, which shall come
to their hands or possession as liqudatorS
and Tor the proper application and distri-
button thereof
ARTICLE VIII-Philip Foto. whose post
office address is 2o35 Grand Route St John,
New Orleans, La, has subscribed to fifty
shares Morris Baer. whose post office ad
dress is POI s. Gayoso St. New Orleans. La.
has subscribed to fifty shares, and Frank s
Einstein, whose post office address is Dol
5. Gayoso Street, has subscribed to one hun
bred shares.
Until the election to be held on the twelfth
! day of August. 1919, the following shall con-
! stitute the first Board of Directors. viz:
Philip Foto, Morris Baer and Frank s Elm
stein, with the said Philip Foto as President
the said Morris Baer as Vice President, Sec
| rotary Treasurer and the said Frank s Elm
| stein as Director
| day. month and year, first above written,
| in the presence Of Joseph L. Weiss and Per
| cival II. Stern. competent witnesses, who
| have signed with the appearers and me, the
notary, after reading the whole.
witnesses, p. II. Stern, J. L. Weiss.
Morris Baer, 50 shares Frank s. Eins,ein.
| 100 shares; Phil Foto. 80 shares
FELIX J. DREYFOUS:
Not Pub.
I, :he undersigned. Recorder of Mortgages.
| for the Parish Of Orleans, do hereby certify
that the above and foregoing act Of Incor-
poration of the Napoleon Realty & Amuse.
ment Co. Inc, this day duly recorded
in my office, in Book 1872 Folio 344.
Neg Orleans E,, Angus; I3 no, lslS
A true copy from the original act.
FELIX J. DREYFOUS.
Aug. 1929; Sept. 5,I2-l9