The herald. [volume] (New Orleans, La.) 1905-1953, 1918-12-19
CHARTER

shareholder shall have the right OF optiof
| to offer said stock for sale to any other per
| son, or persons, firms or corporations.
ARTICLE V-This corpora ton shall be
going concern when Twenty-Five Thousand
Dollars (S25,0O0.0O of its stock shall hav,
been subscribed.
ARTICLE VI.-All the corporate power
of this corporation shall be vested in, anC
! the management and control OF its business
and affairs conducted by a Board of Direc
tors, composed of not less than four stock
holders, three of whom shall constitute
quorum for the transaction of business. NJ
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 gen
eral meeting of the stockholders to be helC
on the 30th 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 a:
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 forfeiture of this charter
Any vacancy occurring in the Board of Di-
rectors shall be filled by the remaining di
rectors for 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 corBration,
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
poratlons, 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 50th day of December. 1919;
or until their successors shall have been
elected and qualified: Karl Hansen, Z.
w. Ullrich, Milton II. Morrill,, Carl L.
Bender.
ARTICLE VII.-The officers of this cor.
poration shall be President, Vice President,
Secretary and Treasurer. The offices of
Secretary and Treasurer may be combined,
into the office Of Secretary and
who need not be a stakeholder.
ARTICLE VIIL-No stakeholder shall
ever be held liable or responsible for the
contracts or faults of said corporation in
any further 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 Incorporation
shall be changed. modified or altered. or
this corporation shall be dissolved with the
assent of two-thirds of the stock of the cor
poration, present or represented at a gem
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 fI of 1914. At the expiration of this
charter or the earlier dissolution of this
corporation for any cause, its affairs shall
be liquidated by one or more liquidators to
be elected by the stockholders, all of whom
shall hold stock in said company, and the
said commissioners are hereby vested with
iuii power and authority to liqudate the
affairs OF said company in accordance with
the 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 orr.
ginal subscription to the capital stock of the
corporation.
Thus done and passed in my notarial office
IN the City of New Orleans, the day, month
and year herein first written and in the
presence of Marguerite c. Stein and Ida T
Posey competent witnesses, who hereunto
subscribe their names with said appearers and
me- Notary, after due reading of the whole
Original Signed E. w. Ullrich, lbs
Karl Hansen, Us shares, 81, $1,000 45lO South
Johnson Street; Milton II. Morrill,, share
$1,000. 2ll North Rendon Street; Carl L.
Render, share, $1,000, SSl5 Apricot Street,
New Orleans. La. Witnesses: NJ B.
Stein, /: T. Posey. MARTIN H. MANION.
Notary Public.
/, 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 1921 folio
594. New Orleans, November q, 1918
EMILE J. LEONARD. d. r.
A true copy. MARTIN II. MANION, No
tary Public
Dec. 5-l2,l9-a; Jan. 20.