The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-11
CHARTER.

more than nine stockholders When
there is an even number of directors, one
half of the Board shall be composed OF
preferred and the other half of common
stockholders. When there is an uneven
number of directors, the majority shall
be composed of preferred stockholders.
In the event that the Board of Directors
consists of an even number OF stock
holders, then the preferred stockholders
shall nevertheless be entitled to have
majority of their number on said board
whenever the dividends on said preferred
stock, as hereinabOve provided, snail ne
come in arrears. Whenever the preferred
stock shall have all been retired. then
the Board of Directors shall consist en-
tirely of common stockholders. The d.
rectors of the company may attend meet
ngs of the Board of Directors either in
person or through their duly constituted
proxies.
All elections for directors shall be by
ballot and conducted at the office of the
said corporation at such hours and under
such conditions as the Board of Directors
shall prescribe. Every stakeholder shall
be entitled to vote in person or by proxy
and the majority of votes cast shall elect.
The meeting of stockholders for the cleo
ton of directors shall he held annually
on the second Monday in February, be-
ginning in February, 1920. The directors
who shall have been declared elected shall
meet on the day following such election
mnless such day be dies non, then on
the next succeeding business day. and
elect the officers provided for in TINS
charter, who shall then and there proceed
to transact the business of this company.
Any vacancy existing or arising among
the directors by reason of death or resig-
nation or otherwise in the interval be
tween the annual meetings of stockholders,
shall be filed by election for the re-
mainder of the term of the Board by the
other Directors, even though no quorum
| remain among them.
f..t oil bp
above provided or to hold the annual
| meeting of the stockholders of the com
pany. shall not operate to dissolve the
| corporation or to affect its corporate eN-
| istence but the directors then in office
! shall continue until their successors are
duly elected and qualified. and shall cause
another election to be held by the STOCK
holders so soon as possible thereafter
| after ten days notice thereof shall have
been given in writing to each stockholdei
| at his last known address.
| The officers of this corporation shall
| be q President, one or more vice. Presl'
dents (the number to be left to the dis
! erection of the Board of Directors). Sec
rotary and a Treasurer.
ARTICLE yI.-None of the stock o.
this corporation may be sold. assigned oil
disposed of by any holder thereof unless
he shall first offer it in writing for thirty
days to the Board of Directors at its theI
book value; and any sale or other Dir
|
said stock shall be made subject to thi
provision of the charter. If the Boar'
of Directors shall fail to exercise its RICH
to buy in said stock within said period
the holder thereof may make such dis
position of the stock as he desires.
"No transfer of stock shall be made o
be binding upon the corporation unles
made on the books of the company an
pursuant to the provisions of this char
ter"
Thus done and passed at my office, 4
the City of New Orleans State of Louis
lana. in the presence Of Messrs. Herber
s. We'll and George w. Simons, eompeten
witnesses, who hereunto sign their name
with the said appearers and me. Notar!
! on the day and date first above writer
after due reading of the whole.
(Original Signed)
MARCEL KRACSS. President.
! ALEXANDER KRAUSS, Secretary.
Witnesses:
Herbert 8. Well
Geo. W. Simons.
ELDON s. LAZARUS.
Notary Public.
I, the undersigned, Recorder of Nor
4 cages. in and for the Parish Of Orlean
s State of Louisiana. do hereby eertil
Z that the above and foregoing act