The herald., 1919-06-26
CHARTER

business. At any meeting of the Board any
director absent from the meeting may be
| represented by proxy. Until the next gen
on the second Tuesday in January, 1921, or
until aher duly qualified successors are
elected and installed, the Board OF Directors
shall be composed Of; 1 s. GersGn' ws Sa@
Goldman, whose postoffice address is S25 Ba-
| rome Street, New Orleans, La; Harry Gold
man, whose postoffce address is 25o Chartres
Street, New Orleans, La; with }. ;. Gerson
as President; Sam Goldman as NicelP resi-
dent and Harry Goldman Secretary-Treas-
urer.
ARTICLE Widths charter may be
amended, and the capital stock of this cor
poraton may be increased or decreased, or
| this corporation may be dissolved and ITS
affairs liquidated in the method and manner
| provided by law, as now or hereafter IN
| force.
| ARTICLE VIII-No stakeholder of this
corporation shall ever be held liable or re-
sponsible for the contracts faults of this
corporation in any further sum than the
unpaid balance on the stock for which he has
subscribed, nor shall any mere intor1ailty
in organization have the effect of rendering
this charter null or of exposing stock
holder to any liability other than as above
provided.
ARTICLE IX.-No stakeholder may sell,
assign transfer his stock in this corpora
ton without giving to the other stockhold-
ers, through the secretary of this corpora
ton, notice in writing of such intention,
and the other stockholders shall have the
right for period of ten days from the de-
livery OF such notice to the secretary, TO pur-
chase all or any part OF the stock oil such
stockholder for cash at the book value there
of, after which ten days the said stock may
be sold without restriction.
Whenever the employment of any stock
holder by this corporation IS terminated
either by death, resignation, dismissal, lapse
of time or otherwise, the other stockholders
shall have the right for ten days from the
date of such termination TO purchase all or
any part of the stock of such stakeholder
for cash at the book value thereof, after
which ten days the said stock may be sold
without restriction. Other stockholders de
string to purchase stock under this article
must in due time give written notice OF such
desire to the secretary OF this corporation.
In the event that the other Stockholders offer
to buy more stock than is,ottered tor sale,
stockholders offering TO buy shall be entitled
to buy the offered stock in the ratio of their
then stock holdings in this corporation. For
! the purposes OF this article, the book value
shall be determined by the figures as of
the closing of the books at the nearest earlier
date.
No sale or other transfer or assignment
of stock in this corporation shall be valid
until and unless opportunity TO purchase such
stock has first been given IN the manner
ers of this corporations; ana this right so
vested in the other stockholders shall fol-
low into any hands into which it may pass
any stock sold, transferred or assigned
without such opportunity being given, and
may be exercised against the holder or hold
ers thereof within ninety 800 days after
such stock is rendered for transfer on the
books of this corporation, and no transfer
| of any such stock shall be made on the
books of this corporation during the tendency
of said ninety 800 day period.
Thus done and passed in my office, at
| the City of New Orleans, Louisiana, on the
day, month and year first above written, in
| the presence OF |. X. Saal and o. V. He'll.
mers competent witnesses, who hereunto
sign their names with said appearers and me
Notary, after due reading of the whole
Witnesses: l. X. Saal. o. V. Helmers.
Original Signed Jacob s. Gerson, Glen
| mora, La, $50 shares; Sam Goldman, S25 Ba-
rome ST., New Orleans, La, 50 shares; Y.
Gerson, by Sam Goldman, Patterson, La, lIO
shares; Harry Goldman, 235 Chartres ST.,
New Orleans, La, share.
R. H SAAL.
Notary Public.
Recorded in NJ o. B. 1928, Folio COL, June
| IA, 1919.
| hereby certify the above and foregoing
| to be true and correct copy OF the original
| on file in my notarial records.
New Orleans, La, June 10Th. 1919
X. III. SAAL,
Notary Public.