The herald. [volume] (New Orleans, La.) 1905-1953, 1919-01-09
CHARTER

for less than one share of stock. Said hi.
rectors shall be elected by ballot at gen.
| eral meeting of the stockholders to be held
on the 30th day of December of each wear
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 as
| 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 moi
be considered as forfeiture of this charter
ANY vacancy occurring in the Board of Di-
rectors shall be filled by the remaining d.
rectors tor 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 corporation
as they may deem fit and proper: 10 pur.
chase, hold, own, mortgage pledge lease and
ulspose 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 thew
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
office until the 30th day of December. 1919:
or until their successors shall have been
elected and qualified: Karl Hansen. s
Bender. "
ARTICLE VII.-The officers of this cor.
Poratlon shall be President, Vice President
Secretary and Treasurer. The offices Of
secretary and Treasurer may be combined
into the office of Secretary-Treasurer. and
who need not be stakeholder
ARTICLE VIII.-No stockhoIder shall
ever be held liable or responsible for the
contrasts or faults OF said corporation in
any further sum 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
ARTICLE IX.--This act of Incorporation
shail be changed, modified or altered or
TINS corporation shall be dissolved with the
assent OF two-thirds of the stock of the cor
poi duon, present or represented at a gen
eral meeting called for that purpose. after
prior notice in writing to each Stakeholder
mailed to him at his last known most Office
aodress, IN accordance with the terms of
ACT Zo/ OF 1914. At the expiration of this
charter or the earlier dissolution of this
corporation tor any cause, its affairs shall
pe nquidated by one or more lquidators to
De elected by the stockholders, all of whom
snail hold stock in said company, and the
said commissioners are hereby vested with
IuII power and authority to lquidate 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, Us
shares, Sl2,50000, 62l North Carrollton Ave;
Karl Hansen, l25 shares, Sl2,SO00O 45l0 South
Johnson Street; Milton II. Morrill,, share
$1,000, I'll North Rendon Street; Carl L.
Bendler, share, $1,000, 1915 Apricot Street.
New Orleans, La. Witnesses: NJ. b.
Stein. l. 7. Posey. MARTIN II. MANI0N,
Notary Public.
l, 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 l222, folio
o94. New Orleans, November q, 1915
EMILE ]. LEONARD d. r.
A true copy. MARTIN II. MANION, No
Dec. 5-l2l926; Ian 20