The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-25

Board OF directors may direct. All shares
of stock shall be issued as full paid and
worcestershire and no transfer of stock
shall be binding upon the company un-
less recorded on it books.
This corporation shall be a going con-
Germ as soon as fifty per cent Of the
amount of its capital stock has been sub
scribed for and fifty per cent of said
amount so subscribed for shall have been
paid in.
ARTICLE IV.-The business and affairs
of this corporation shall be transacted by
a Board of three Directors. The said
Board of Directors shall elect from among
their number, President Vice Presi1
dent and a treasurer who shall act as Sec
rotary.
The first Board of Directors under this
charter shall consist of David NJ. Ferth,
New Orleans, La, Morris Rosenthal
New Orleans, La, with said David NJ
Ferth, as president; Morris Rosenthal as
vice president and Philip Rubin, as sec
rotary and treasurer, all of whom shall
hold their office until the first day of
January, 1921, or until their successors
shall have been elected and shall have en-
tered into office.
On the first Monday of January. 1921,
and annually thereafter on the first Mon
day of January, of each year, an election
for directors shall be held at the domicile
and place of business of said company in
the City of New Orleans after fifteen DAYS
notice in writing by mail or in person
shall have been given to each stakeholder
or his duly authorized agent by the sec
rotary. Said directors shall take their
seats and enter into the duties of their
office on their election: and each Board
of Directors shall Immediately after their
election elect from among their number
a president; a yice-president and treas
urer who shall a as secretary. And said
Board of Directors and said officers shall
hold their office for one year or until
have
have qualified.
ARTICLE V.-No stakeholder of this
corporation shall be eligible as a direc-
tor thereof unless he holds and owns in
his own name and continues so to hold
and own during his incumbency at lea st
one % share of the capital stock of this
corporation. Each share of stock shall
be entitled to one vote to be cast either
in person or by written proxy, and no
stakeholder shall be entitled to vote on
his stock either in person or by proxy
unless said stock shall have been owned
by him anu registered in his name on
the books of the company at least thirty
days before the date of the meeting at
which he shall offer to vote thereon. Two
directors of this corporation present, or
represented by written proxy held by an
other director shall constitute a quorum
for the transaction and management of
all the business and affairs of the COM
pany. The Board of Directors shall have
the right to make and adopt by ma
JOrlli OF tDe votes Thereon SuCn rules, BY
laws and regulations as are not repugnant
to this charter for the transaction and
the cOnductiOn of the business thereof ::
and the right to alter. modify and amend
the same as they think proper; and they
shall have full power and authority TO
make all purchases, sales and contracts
whether for cash or on credit: to borrow
money, and to hire and discharge all en-
ployees and fix all salaries, and in fact
full power to do all other things re-
IN 70 hn r1,or
agement of the affairs of the company.
ARTICLE VI.-All checks and other
evidence of Indebtedness of this corpora
ton shall be signed by the president and
counterSigned by the secretary trea Surer
and in the event of the sickness, absence
or inability to act from any cause of the
president of the company, then the same
are to be signed by the vice president and
countersigned by the secretary treasurer,
and in case of the absence or inability to
act of the secretary-treasurer then the
same are to be signed and. countersigned
by the president and vice-president.
ARTICLE Vino stakeholder shall
have the right to sell or to dispose of any
of his stock without first giving to the
corporation fifteen 05) days written notice
of such intended sale, and allowing the
corporation the first opportunity of pur-
chasing said stock at any bonafide price
offered for the same on the market.
ARTICLE VIII.-This act of incorpora-
ton may be changed, modified or altered
or this corporation may be dissolved by
the vote of three-fourths of the capital
stock present or represented at general
meeting of the stockholders convened for
that purpose after thirty days notice in
writing by mail or in person shall have
been given to each stakeholder by the sec
rotary.
ARTICLE IX-At the termination of
this charter by limitation or otherwise,
the business and affairs of this corpora
ton shall be liquidated by one commits
siOner to be appointed from among the
stockholders at a general meeting con-
days prior notice in writing by mail or
in person shall have been given to the
stockholders by the secretary.
ARTICLE X.-No stakeholder shall ever
be held liable or responsible for the con-
tracts of this corporation in any further
sum than the unpaid balance due to the
on the shares owned by him, nor
shall any mere informality in organiZa-
ton have the effect of rendering this
charter null or of exposing the stock
holders to any liability beyond the amount
of their stock.
Thus done and passed, at New Orleans,
La, on the day. month and year first be-
fore written, in the presence of Miss
Sophie +. Gerken, and George Piazza, both
witnesses of lawful age, re-
siding in this City and Parish, who have
hereunto signed their names with the
said appearers, and me, Notary, after due
reading of the whole.
Original Signed):
ID. NJ. FERTH,
New Orleans. La, 100 Shares.
p. RUBIN,
New Orleans, La, 100 Shares.
MAURICE ROSENTHAL,
Lake Charles, La, 100 Shares, by d. NJ.
Ferth
Witnesses:
Sophie F. Gerken,
George Piazza.
BENJAMIN DRY.
Notary Public.
I, the undersigned, Recorder of Mort
cages, in and for the Parish of Orleans,
State of Louisiana, do hereby certify that