The herald. [volume] (New Orleans, La.) 1905-1953, 1918-09-12
CHARTERS

thus elected shall continue in office for one
year. or until their successors shall have
been duly elected and qualified. No failure
10 elect shall be regarded 4 forfeiture OF
this charter. Any vacancy occurring on
SAID board, shall be filled by the remaining
directors for the uneNpired term; the said
board shall likewise elect the additional
members in case they should determine Go
increase the number Of said Board. Said
board Of directors shall at lis first meeting
after rs election. nominate out of its mum.
Der, 4 President, q NICc-PgcSIlCnt, Secretary
Treasurer. Said Board shall have the rIgh-
to sever or 20 consolidate any Of said Of
hCcS into one, as also the right % appoint
and dismiss such clerks, managers, and other
employees OF the corporation, as conditions
may justify or the business Of the corpora
tio1 may require The tenure OF office Of all
the employees OF the corporation shall be
during the pleasure Of the Board OF Dircc-
tors Any Of the directors shall have the
right 20 appoint by written instrument, an
other director or stakeholder 20 ACT a, his
proxy and In his stead n any and all meet
Iugs Of the Board Of Directors.
ARTICLE Vino stockholders shall ever
be held liable or responsible f1r the con-
tracts. faults or debts Of said corporation,
nor shall any mere iuiormality in It's orga-
nlza,lon have the effect OF rendering this
charter null, or of exposing a stpckholdcr
TO 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
! scnt Of the stockholders owning two-thir,Is
Of all the stock Of the corporation n a gen
cral meeting convened for that purpose, and
after at least ten days written notice of
this meeting has been given through mail
addressed to each shareholder at his last
! known place of residence. In case of dis
SOLUTION by the expiration OF this charter or
| Otherwise, the stockholders shall elect three
| Blqudators from among their number, 10 IL
lsquidate and settle the business and affairs
Hot the company. In case Of death or dis
I ability Of any one Of said commissioners or
| lquldators, the survivors or the remaining
| Iqu!dat0rs, shall appoint successor 90
| him. The said liquidators shall have full
| power 10 settle said Company's affairs, col
| leC' 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
! Jorlty OF said liquIdatorS; TO fix the price
| ana 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
me purchase price Tor al or any part Of
sad property, provided. however. thar the
rights herein conferred upon the liquida-
! tors may be modified, changed or denied. by
a majority Of the shares of the capital stock
/ Of the corporation. The said hqudatorS shall
have authority to sue for and recover the
debts and property in the name Of the cor
! poraton and may be sued by the same name.
and they shall he liable in Solido 70 any
! creditor or stakeholder for the monies and
| property Of the corporation. which shall come
! - their hands or possession as lquidatorS
and for the proper application and distri-
| button thereof
ARTICLE VIII-Philip Foto. whose pos,
! office address IS 2)55 Grand Route St John,
| New Orleans. La, has subscribed TO fifty
| shares; Morris Baer. whose post office ld-
| dress is 2Ol s. Gayoso ST. New Orleans. Ia
| has subscribed TO fifty shares. and Frank s
| EInStein, whose post office address is 2)l
). 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.
| stltute the first Board OF Directors, viz:
| Philip Foto, Morris Baer and Frank s Elm
| stein. with the said Philip Foto as President
rotary Treasurer and the said Frank $ Elm.
| stein as Director.
Thus done and passed in my office, on the
| day. month and year, first above written
in the presence Of Joseph L. Weiss and Per
| cival II. Stern, competent witnesses. whr
have signed with the appearers and me- the
notary, after reading the whole
Witnesses: p. II. Stern, ]. L. Weiss
Original Signed
Morris Baer, 50 shares. Frank s. Einstein
100 shares; Phil Foto. 50 shares
FELIX J. DREYFOUS.
l. The undersigned. Recorder of Mortgages
for the Parish of Orleans, do hereby certif,
that the above and foregoing act Of Ineor
pOraton of the Napoleon Realty & Amuse
ment Co. Inc, was this day duly recorde,
in my office. in Book 1872, Folio 544.
New Orleans. Angus: 18th, 1913
(Signe0 EMILE J. LEONARD. D. r.
A true copy from the original act
FELIX J. DREYFOUS,
Aug. ls-22-2o; Sept. sl2-l9.