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

shareholder shall have the right of option
to otter SAID stock for sale TO any other per
son, or persons, firms or corporations.
ARTICLE V.-This corporation shall be 4
Dollars (S25OO.oO Of its stock shall have
| been subscribed.
/, ARTICLE VI.-All the corporate powers
OF this corporation shall be vested in and
| the management and control of its business
and affairs conducted by 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
Tor less than one share of stock. Said Di-
reciors shall be elected by ballot at gen
eral meeting Of the stockholders to be held
| on the SOth day of December of each wear.
Every stakeholder shall be entitled in per
| son or by proxy, 10 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 as a forfeiture Of this charter,
Any vacancy occurring in the Board of Di-
rectors shall be filled by the remaining di-
reciors tor the unexpired 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.
chase, hold, own. mortgage, pledge, lease and
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.
porationS, at such times. for such prices and
upon such terms and conditions as they
may ueehi 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
yer, amend and change the same at plea
sure. The following stockholders are hereby
declared 10 be the first Board of Directors
OF TINS corporation, all Of whom shall hold
otflce until the 50th day of December 1910.
OF until their successors shall have been
W and 9ualihed; Karl Hansen, E.
Bender. l.
ARTICLE VII-The officers of this chr.
poration shall be President, Vice. President.
Secretary and Treasurer The offices NJ
Secretary and Treasurer may be combined.
INTO the office OF Secretary Treasurer, and
VINO ~, need not be stakeholder.
ARTICLE VIII.-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 Inv him
nor shall any mere informality or Irregular
ny IN organization ever have the effect of
ner. P"'F
ARTICLE IX.--This act of incorporation
OS SHdHBcu, nOQltied altered
TINS corporation shall be dissolved with the
assent OF two-thirds of the stock of the cor
poration, present or represented at gen
eral meeting called for that purpose after
prior notice IN writing to each stockholder.
mailed to him at his last known post Office
address, in accordance with the terms Of
Act 1d OF 1914 At the expiration OF This |
charter or the earlier dissolution of This
corporation tor any cause, its affairs shall |
be llquidated by one or more liouidators 70 |
be elected by the stockholders. ali of wbor,
snail hold stock in said company, and the
said commissioners are hereby vested with
luii power and authority to liquidate the |
- .s OF saia company in accordance with |
me terms OF Act number 267 of 1914
ARTICLE X.-The appearers hereby de.
clare that they have subscribed to the num-
Der OF shares opposite their names. and the
signatures thereto shall constitute their ori-
corporation. ~ '"e
Thus done and passed in my notarial office
n the City of New Orleans. the day. month
lnd year herein first written. and in the
presence of, Marguerite G. Stein and Ida 7.
Fosey, competent witnesses, who hereunto |
subscribe their names with said appearers and
Original Signed E. w. UlIrich. I25
5hares, Sl2,5O0OO. 62l North Carroliton Ave:
Narl Hansen, Us shares, SI2, $1,000 45lO south
S6n nS Street; Milton II. Morrill,, i share
~ III North RendOn Street; Carl L.
New Orleans, La. Witnesses: NJ r.
stein, l. T. Posey. MARTIN II. MANION.
Notary Public.
i, the undersigned Recorder of Mortgages.
n and for the Parish of Orleans, State of
louisiana, do hereby certify that the above
md foregoing Act of Incorporation of the
>arl Hansen Co., Inc, was this day duly
eeorded in my office in Book 1225 folio
~ New Orleans, November %, 1918.
EMILE J. LEONARD. d. r.
A true copy. MARTIN H. MANTON. No.
airy Public
Dec. 5-l2,l9-26; Jan. 2-9.