The herald. [volume] (New Orleans, La.) 1905-1953, 1918-01-31
CHARTER.

reIcCT TUTCTIsC
elect; and in the event the said Board shall
fail to make said purchase within said pc /
Rod at the price offered, under the condi-
tions aforesaid. then and in that event, the
exclusive right to purchase at said price
shall pass TO, be open to, and available TO !
the stockholders. for like period OF thirty |
DAYS; and in the event the stockholders or
any of them, shall not exercise this night
IN nurchase, then the stakeholder stock J
holders desiring to sell or dispose OF MS
stock, may sell the same to such person OF
perons as he may see fit. All stock IN TINS
corporation, whether common or preferred
! issued or TO be issued shall be subject 10
the provisions of this article
Article V.-The domicile of this corporation
! shall be in the City OF New Orieans' L-''
where all meetigs Of the stockholders or
directors must be held. provided that with
| the written consent of all the directors, Valld
| meetings OF the directors may be held out
/ side of the State, or within the State else,
where than at its domclie. Citatlon shaI
/ be served upon the President or in his ao-
sence or disability, upon the FIRST vice
President, and in the absence or disaDilty
| of the latter, upon the Second Nice-FfeSlueH'
1 or upon the Secretary and Treasurer.
| Article Vial the corporate powers OF
| This CORPORATION shall be vested in and exer-
csed by a Board OF Directors, tour IN mum
Der. ali of whom shall be stockholders, TO
| be elected on the Third Monday IN January
of each wear, commencing with the third
Monday of January in the year 1919, with
the understanding that the hrst ooard Oh
directors selected by the stockholders ana
| named in this charter, as well as the mrs,
SET of officers, as hereinafter named, snail
hold Office until the third Monday OF jan
nary 1919 or until their successors nave Oeen
elected and have qualified, D;-.
After the election of said Board OF Dlrec-
tors by the holders Of the common stock, as
herein provided, there shall be elected by
i said directors from their own number, the
officers of this corporation which are as toi-
lows: lst: A President; 2nd: A First Vice
President; 5rd: A Second Vice-Presdent;
4th: A Secretary and Treasurer, whicn las'
two offices shall be combined IN one person,
and said person shall also hold and exercise
the office and function OF General Manager
The first Board of Directors, and the Off
GERS of this corporation, shall be the IolIowi
ing. and which said Board of Directors and
officers shall serve until the election to De
held on the Third Monday OF January, 9lS'
| or until their successors are elected, choseh'
. and qualified The addresses OF said direc-
TORS md officers are set opposite their re-
snective names: Leon f. Schwartz Presl-
dent, address, OPS St. Charles Ave, y; u,
: La; Samuel Schwartz, ist Nlce-Presiaent ;
76S5 St Charles Ave, \. o., La; Edgar
|, s Schwartz. End Vice President; Lorraine
Q Apartments n. O., La, Herbert J. Schwartz.
! Secretary and Treasurer and Gen; Mgr, OILS
Z St. Chales Ave, New Orleans, La. -.
: right to fill all vacancies occurring IN their
: number, whether resulting from DEATH res
{ ignation otherwise.
Article Whine annual IlSGLihB VI NiAN
l. stockholders of this corporation for the
e election Of directors shall be held on the
). Third Monday of January OF each year, com
d mencing with the Thid Monday of January
/ 1919 until which time the officers and dlrec
n tors named in this charter shall continue
II in Office, or until their successors have beer
rs elected and qualified. The election for salC
directors shall be by ballot, and the ma
= jority in amount OF common STOCK, Solins
+ whether in person or by proxy, shall cleo
AZ the persons for whom they cost. Eacl
20 share of stock voted upon, to be counted 10
p but one vote. Said stock shall not be entl
n tied to cumulative voting.
rs The Board of Directors shall give at leas
e. fifteen DAYS notice by mail of the election
y of said directors, and shall appoint one o
o. more stockholders to preside at such eleC
II ton. Any failure from any cause, whatsC
&C. ever to elect directors on the day named 10
d. that purpose shall not dissolve this corpora
- ton. but the directors and ofhcers then
90 office. shall hold over until their successor
e are chosen and qualified.
er The Board of Directors shall have fu
power and authority to fill vacancies in the
De number. caused by death, resignation
oil otherwise The said board is further al
en- thorized to frame and adopt such bylaw
~; rules and regulations as the affairs and bu
hq mess of the Company may require, and
ol may deem necessary, for the conducting ar
DC management thereof provided the same do'
oA not conflict with this charter and the Law
m N of the State of Louisiana, and those Of Il
~, United States; to name and appoint man.
81 gers, fix their compensation and terms
NJ employment as well as name and appoii
.n- agents and employees as in its discretio
,e may seem fit and proper, as well as to
~ the salaries and terms of employment of Il
nc officers, employees, clerks and assistants.
y" The Board OF Directors is specially veste
I with the power to acquire and purchase sue
- property or business, or good VIII, or all
or, these from individuals, firms or other CO
e. poations as said Board of Directors ma
70 deem advisable and proper, and at sue
~ OricR and on Surh az thew deem hes
- and to pay therefor in the full paid comma
III or preferred capital stock of this corporate
al iii or otherwise. This power to purchase ar
a. ~ acquire to be exercised by said Board wit
NJ out the necessity Of referring TO the shar
- | holders for authorizations
Le The Board of Directors is specially vestt
~, To- with the power to lease, purchase, hol
~ | acquire. mortgage, cucumber and sell, SUI
~ real estate as it may fit and as it deen
oe necessary for the purpose and interest
"" this corporation, upon such terms and cond
=. tons and consideration and price as it m;
81 see mt; and may exercise this power witho
~ referring to the shareholders for authorz
inF tion. The personal interest of either stoc
u holders or directors, shall not disqualify the
IN dealing contracting with the corporatio
IN in any such matters, things otherwise
10 Article VIII.-No stakeholder shall ev
Iii be held liable or responsible for the CO
i at tracts, faults debts, of this corporate
- -us nor shall any mere informaity in its orgs
izatiOn, have the effect of rendering Il
as charter null, or of exposing its sharehold,
nc to any liability beyond the unpaid balar
s.ns due the stock owned by them.
nai Article IX.-The names and post-ofice
- dresses of the subscribers to these artic
~ of incorporation and the number off sha
W. of stock subscribed by each, as
lows:
OF Leon F. Schwartz, 62ls St Chas Ave, 2,
1os: preferred shares; Leon E. Schwartz, 62l5
PsN' Chas. Ave, 1900 shares common; Sam
Schwartz, 7635 St. Chas. Ave, 1000 sha
'ow, preferred; Samuel Schwartz, 7635 ST. Char
rred Ave, 5000 shares Common; Herbert
with Schwartz. 62l5 St. Chsrles Ave, 900 Conn
OF shares; Edgar S. Schwartz, 5000 ST. CT
lngs Ave. 100 Common shares.
or Article X.-All stockholders meetings,
the election of Directors above stat
ock, shall be held after fifteen days written
eth tice mailed to each stockholder. Other ste
sell holders meetings may be held when orde
ner, by the Board Of Directors, or when reques
must by at least twenty-five per cent OF the
Di- standing common stock. Notice of all ste
for holders meetings, other than adjourned mi
the ings shall be given in the manner prescri
ahle for Sforkholders meetings for the eli