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

/
orally to do and perform any and all
things necessary OF convenient to carry
on said objects and purposes.
ARTICLE ~.
The capital stock of this corporation
Is hereby fixed at On" sum Of fifty thou
/ sand $50. .uOi dollars. divided into
! hv" hundred ,5o0D shares Of the par
value Of one hundred tSlOO.OO) dollars
J each. provided. that the amount to
/ which the capital stock Of this corpora
! 'lun may Toe Increased shall be one
/ hundred and fifty thousand dollars.
Two hundred and fifty shares. or
. Twenty-Five thousand dollars Of the
. capital stock Of this corporation must
/ Dee subscribed before the fling of the
/ articles Of Incorporation. The sub
I ~cIlh"d capital stock Of this corporation
/ or PERSONAL. or tor labor and services
/ rendered and performed.
/ No stakeholder shah ever he held liza
/ hl" cor Responsible for IA" faults, con-
. tracts or debts of this corporation in
/ any itTihvr sum than the unpaid bal
. aN'' tu" the corporation on the shares
+ "I stock subscribed hy him. nor shall
any Wrr" Iufurwality in organiZation
7 HAY" the effect of rendering this char
/ Ter null, "r of exposing any Sharchold-
/ 81 10 any liability whatsoever.
This corporation shall not engage in
/ business until two hundred and tfty
/ Con- shares, or Twenty-Five thousand
. l$-",ouuru dollars OF the capital stock
/ haN" been ISSUED and paid in in cash.
/ II. IN addition. any stock OF this cor
/ ppratiuu Is rN.Iau..J ,itbar i'm yyLnie
/ or IA part. for property or goodwill. in
/ hat event the provisions Of Section 3
. ~ Net 20, Of 1914 shall be complied
, with strictly.
ARTICLE V.
MI the corporate powers of this COR
. p"rdti"u shall be- vested in and ,Nrr-
/ cIsed by Board of Directors to be
/ 'Gmp"~"d Of three stockholders, each
. nt whom shall own in his own right
/ pIiinG his term Of office, at least one
/ illl paid share Of stock, all of whom
ShilI constitute "a quorum for the trans
/ action Of business. provided. the Board
J of Directors are hereby authorized to
/ increase, in their discretion, the number
( Of directors TO seven 90, in which
. case four shall constitute a quorum.
| IN" Officers of this corporation shall
/ consist Of "A President. Vice President
! SECRETARY and Treasurer. all of whom
/ shall hc members of the Board of Di-
treasurer may h.. ,Hr1hinad IN n'ar r ana
/ the same person.
! The following named persons shall
! constitute the first Board OF Directors,
/ to-Wlt:
! Ephriam Rosenberg, 7727 st. Charles
| Avenue.
! J.. Seton SchEriiau, 1854 Robert
/ street
Hon"dict Il. Hans, 1SlS st. Charles
/ Avenue.
All residents Of the city of New Or
! leans, state OF Louisiana as above
stated win Ephriam Rosenberg as
]
| president, ana benedict Il. Hans as
SeCretary-TreaSurer and these direct
| orS and officers shall hold Office until
inc second Tuesday Of March, 1918 or
until their successors are duly elected
ana qualified.
Thereafter the directors shall be
elected annually on the second Tuesday
OF March of each year; all elections Of
directors shall be by ballot. and each
StockhoIder snail be entitled to one
vote Tor each snare OF stock standing
IN ms name on me books OF this cor
or Nv writtnn Urox, >" Ne d"St IN person
quire two-thirds OF Tho stock nrasdn,
or repreSented To eIsct PN'S
Failure to hold an election for direct
orS on the second TuasdaV ~ MaroG
1919 or annually tberea nor sbou 30,
work a forfeiture of This cbarter bnt
the old Board of Directors shall remain
in office until their successors arc d,ti,,
elected and 0ualified NV iS
-
ARTICLE VI.
The Board Of Directors shall hold
regular meetings. AT s1cb tineS as sboT
be fixed in the bv-IaWs OF this cnrnora
ton. These meetings shall be held at
the domicile of the cOrnoration hut tba
President NAV call speriaI mpetinps 81
the Board of Directors al such times &C
he may deem advisable and ne shall he
a the request of a member Of The
Board of Directors Three DAVIS writ
ten notice of such speciaI meetings
shall be given to the directors unless
waiver of such notice is signed bv The
directors. ANY vacancy occurri6y in
the Board of Directors either From,
death resignation or ina biIity 10 sarI,a
shall be filled bv the remainin% Roarj
Of Directors at its next reguiar meet
ing after such vacancy shall bavo @
Cured The first BOARD of Directors OF
this corporation shall be reGuired to
draft suitable bylaws for the ,rovern
ment of this corporation which NV he
altered amended or changed as the ex
igencies of the ca 50 MAJ rar, a. t"e CA
hpTiSI II NAY I,r require
Tho stool, . NJ, .-., -
transfarrcd nr - "a POI atIoh may ne
shall no ra,cor5i.,, ~, sIcn transfer
cornoration hafora - hoiI J IN vi thlS
70 reco@ni1a III ~ sHaIi De required
holder of Said 49, Tt u tne new
81 tho SnhSrrihaG n, n, ne totaI ainouht
sapd fSo% no6 onH "a seven thou-
dred ard 'S SeUoVt, uo5iars' or Two nun
or baraG,, o,,th oS I-'D shares, Which
maid for ind leu 70 1e issued Iully
In the event tbat go 80 i =, ipI SdsI;
sires ~ sail biS 49, ~ hiOIuer ue
fbereof he ahoii 'S a 81 stoca s OF any part
rana inin1r ., oni,Ln IL ~ oi'ei same 10 the
to their ros,,aot ~ i''IIi, III proportlon
value This ofTar a. 80 rs 80, a. I's pook
near hv intfar Ia Is 10 oe mace TO APP
holder AT his last knoUir ~ Sdcn stoGk-
ing thirty davS' nntinD III auui ess, CIV
ton OF wbicb tir opt ,pn a the expira-
desiring 70 disnnso 'I ne S Ii s.oc,khoiuer
be at liberty 10 sell ar wbafe~a. snali
OH" ~ "'o", P pr smaFi P Iease.
This charter NAV no nndteod
tered the canitaj stocL thr OF AZ