The herald., 1918-12-05
THE HERALD, NEW ORLEANS, LOUISIANA.
CHARTER

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 ($25,OOO.O0l of its stock shall have
been subscribed.
ARTICLE VI.-All the corporate powers
of this corporation shall be vested in. and
and affairs conducted by a Board of Direc.
tors, composed OF not less than four stock
holders, three of whom shall constitute a
quorum for the transaction OF business No
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 gem
eral meeting OF the stockholders to be held
on the Oth day of December of each 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 as
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 not
be considered a forfeiture of this charter
ANY vacancy occurring IN the Board of Di-
rectors shall be filled by the remaining di.
rectors for the unexpred term Said Board
OF Directors is vested with the power and
authority to mortgage or pledge the property,
real, personal and mixed, of the corporation
as they may deem fit and proper; to pur-
dispose OF real estate; to execute mortgages
issue notes, bonds and other evidences of
debt, and to borrow and lend money on
same to and from individuals, firms and cor
porauons, at such times, for such prices and
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 hold
Office until the 30th day of December, 1919;
or until their successors shall have been
elected and qualified: Karl Hansen F.
Bender.
ARTICLE vII-The officers of this cor.
poration shall be a President, Vice. President.
Secretary and Treasurer. The offices of
Secretary and Treasurer may be combined
into the office Of Secretary and
who y, need ed not be stOckholder.
ARTICLE V1II.-No stakeholder shall
ever be held liable or responsible for the
contracts or faults of said corporation in
any further sum than the unpaid balance
due on the shares of stock owned by him,
nor shall any mere informality or irregular.
ity IN organization ever have the effect OF
rendering any stakeholder liable as a part.
ner.
ARTICLE. IX.-This act of incorporat;on
shall be changed, modified or altered. or
assent of two-thirds of the stock of the cor.
poration, present represented at A gen
eral meeting called for that purpose, after
prior notice in writing to each stakeholder,
nlailed to him at his last known post office
ADDRESS, IN accordance with the terms of
Act 2d of 1914 At the expiration of this
eharter or the earlier dissolution of this
corporation TOR any cause, its affairs shall
De iquidated by one or more liquidators TO
De elected by the stockholders, all of whom
shall hold stock in said company. and the
said commissioners are hereby vested with
full power and authority to liouidate the
s ana OF sand company in accordance with
the terms OF Act number 267 of 1914
ARIlCLE N.-The appearers hereby de-
elare mat they have subscribed to the num-
Der OF shares opposite their names. and the
signatures thereto shall constitute their orr
glnal subscription to the capital stock of the
corporation. " 'Ae
Thus done and passed in my notarial office
IN the City of New Orleans. the dav. .nontb
and year herein first written. and in the
presence OF Marguerite G. Stein and Ida T.
subscribe their names with said appearers and
me, Notary, after due reading of the whole.
originaI Signed T. w. Ullrich, Us
shares, Sl2,5OO00. 62l North Carrollton Ave.
harl Hansen, us shares, So, 5000 45lO South
Johnson Street; Milton II. Morrill,, l share
SiOoG0, I'll North Rendon Street; Carl L.
Fender, share, $1,000, 1915 Apricot Street,
New Orleans, La. Witnesses: NJ B..
Stein, l. T. Posey. MARTIN H. MANION.
Notary Public.
l, 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
Karl Hansen Co., Inc, was this day duly
recorded in my office in Book l2l5, folio
594 New Orleans, November g. 1918
EMILE ]. LEONARD. ID. R
true copy. MARTIN II. MANION, No
tsry Public.
Dec. 5-l2,l9-26; Jan. 30