The herald. [volume] (New Orleans, La.) 1905-1953, 1919-02-13
CHARTER.

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lars each, all Of which snail be common
stock. and the amount To which the capital
/ stock may be increased = hereby fixed H.
the sum Of FIFTY thousand Dollars. the said
stock shall be issued only for cash Or in
| PAYMENT Of property w services actually re-
ceiyel by or rendered to san corporation.
said stock shall Re fully paid for D.. the
! time of its Issuance and thereafter be r0g-
asSe>sabic The parties hereto hereby SUI
/ scribe sfDr the number 5i shares u SAID clp.-
tai stock set opposite their respective sig
/ natures hereto, 50 that This act Of ,ueor
| poratnn shall also serve as Az original sub
! scription; that. will appear from their
/ subscriptions. Philip Rothschmi,t and Peter
| Rothschmict have each subscribed for fifty
| shares of said capital stock and which shall
| be paid for BY the conveyance ard transfer
by them, with full warranty Of tide TO the
| corporation, OF the business, property and
| goodwill Of The tirn OF Rotlschmltt Bros,
Of which they are the sole members; par.
| tlcuiar description OF the property 10 be CON
to and made part Of ,his Act Of Iacorpoga-
| ton for future reference.
! No present n future stockholders shall
ever validity sell assign. n transfer. other
! than by inheritance, any y the capital stock
Of this corporation until the same Shall have
| been first offered u the remaining stock
| holders for the benefit OF those stockholders
who may desire TO purchase the sane,
| through the Board Of Directors for 4 per od
| Of ten days, az The book value Of such stock
as shown by the books OF the corporation
on the 3lst day Of December preceding the
| date Of such offer Ii shall be the df,y of
the Board Of Directors promptly upon re.
ceiving an offer OF sale Of any Of the capital
the same to the stockholders, in writing.
| through the Secretary Of the CornDanv and
each of the said stockheIurrs shall be en-.
! titled to purchase such proportion of the
| stock offered for sale as the number of
! shares owned by him bears 10 the number Of
q, shares owned by all other stockholders de.
| string to participate in the purchase No
| sale under foreclosure. attachment or other
process, or by virtue OF any power Of at
| torney, pledge or hypothecation, shall be
! validity made until the foregoing reuuire-
ments have been complied with by the per
son or persons, firm corporation provok-
! ing such foreclosure or sale. The Board
OF directors shall have authority, however,
! TO walVe the above requirements as to any
/ parhular hypotheCation or pledge Of stock
| by resolution adopted at 4 regular meeting
OF, the Board. or at a meeting attended by
/ an tne members OF the Board OF Directors,
s9ch reS2iution being adopted in advance
/ Oh me pledge or hypotheCation.
! AK LILLE N-AH the powers Of this cor
PordH2n shaIl be vested IN and be exercised
rsc,a-I poI he, OF IL thTee directors The said di
/ LtetTiS sIdil De BONA fide stockholders and
/ sHd4l each own at all times one full paid
/ MN PleuSeu snare OF stock. The first Board
Vi directors as well as the officers OF the
scbm;tt 49, A'i - GgnsiSI or Feter Roth
/ 32Ci'ii'I' whose residence Is New Orleans,
- VINO sIdII De fTeSident; Mathew Bauer,
LH eI!ueIIe Is New orleans La. who
! pL;i;O u ,ICei IeslueHt ana general manager;
Orie5ns r. MnGse residence IS New
! 80 i''' WIZ SHdII De SecretaTy-lTeas-
/ III
| doo'e named board OF directors and
IaiI 49, Et;SoeeeIns Ooaru shaH continue to
/ H 80 toL piie year or until their sue
teSs9rs are elected and qualified Failure
-, &C. uIIect9rs al me annual meeting, as
wei d. any lalIure 10 elect officers at the an
,t nLee.ins Shall not operate to dissolve
installed shall co,tn;,a - 90 anu Tii!Ie!s
IsuccpSsnrs are eisrtIJ - ,: I!ls'' tn EI
persons n he be-aat.a anu quaiillI a. Inc
for SUBSEQUENT vears sba,, -. l -! ;
own number P-as;dan. " ii p men ,
and General Manager Secrs,,rN,.
| The Roard ~ D;rsc,o-s - iedsuleI
time. and as The hus;re.s i1oiIi Iline 70
may dictate. combine any two ~ ~ Ia.on
offices in one and the S,r," ,e-sa ,.e aooEe
that of President and Vice. Ppes;Je,. ~ 81
the first T,esdsy ~ Eab,nr,. ,o5o ~
year thereafter the stocLboiJs-s sL,, inI eten
Board OF Directors for +ba as,,; .,,ait eIeet
Board of Directors as u,aiI So 4ta aed,, tIie
ready installed shall oontinne IN off;ce ,,rtiI
their successors a-a oiaotnT Al Tillee uiltil
The election az Directors sLar1 a h quIllT WI
and the persons rece;I,;r T", W. DC Dy oaiiot
votes cast shall he decIs-ed .rant9I ny 81
electing Directors. or for anv other n,-nase
vote. wbetber nrese-t - .nuaieu 70 one
fractional share If stocI sbsI, bo th' no
vote. A majority Of The Di-ec.o-s ,.n.; 10
any one time. in ne-Son mr. ry n-oy,, .L.ii -
required 70 mass Inv rasoi,,.;o-P 'oNy snali DC
bylaw. and With ~, 80 aJnotnI 'u up, any
come valid cornorate acts IN 80 ' ,,a,, DC
on the Board or among the officers from any
cause the remaining members of the Board
| shall have the power to fill such vacancy
Said Board OF Directors shall have the power
to enact such bylaws, rules and regulations
as, IN their opinion, may be necessary and
proper for the management. operation and
control OF the business of said corporation.
ARTICLE VI-Notice Of all r,sat;,a. bord
for the election Of Directors ~ g. IS .tnI
purpose. shall be given in writing by the
Secretary and may be served personally or
deposited in the mail addressed fifteen 05
| days before such meeting is held and directed
to each stakeholder at his last known address
as the same shall appear on the books of the
corporation, unless said notice is waived in
writing by all Of the stockholders appearing
b 5pIh t"e DOCKS. Al all meetings of stock.
he s,,fs;,; na!oIity Oh the votes cast shall
,,o,ed ~, " e.est OF decide all questions
~ op'.Ii eNSept LOT the alteration, amend
ARTICLE VITITh;s act ~ ;ncnl pol at.ol.,
may be altered amended ~ -; III o' 'io ol
the corporation dissolved by vote of two
thirds in amount of the capital stock rep.
resented at general meeting of stockholders.
called for that purpose, after notice as pro.
vided IN Article VI. of this charter; and
IN case Of dissolution of he =, ~,