The herald., 1919-07-03
CHARTER

business At anv meeting of the Board any
director absent from the meeting may DC
represented by proxy. Until the next gen
eral meeting TO be held under this charter
on the second Tuesday in January, 1871 or
until their duly qualified successors are
elected and installed, the Board OF Directors
| shall be composed OF: 5 Gers9n' whose
Goldman, whose postoffice address is 023 Ba-
/ rome Street, New Orleans, La; Harry Gold
man, whose postoffce address IS 80 ChartTeS
| Street. New Orleans, La; with J. ). Gerson
! as President; Sam Goldman Vice 4Presl-
| dent and Harry Goldman as Secretary Treas
urer.
| ARTICLE Widths charter may be
/ amended and the capital stock of this cor
| poration may be increased or decreased, or
/ this corporation may be dissolved and ITS
affairs lqudated 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-
sponsibe for the contracts or faults of Thu
I corporation in any further sum than the
unpaid balance on the stock for which he has
subscribed, shall any mere informallty
| in organization have the effect of rendering
| this charter null of exposing a stock
holder to any liability other than as above
provided.
| ARTICLE IX.-No stakeholder may SELF,
! assign or 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
1 right for a period of ten days from the de-
| livery of such notice to the secretary, to pur-
chase all or any part OF the stock OF such
| stakeholder 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 10 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 offered for 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 Ill this corporation shall be valid
until and unless opportunity to purchase such
| stock has first been given in the manner
hereinabove provided to the other stockhold-
! ers OF this corporation; ana this right so
vested in the other stockholders shah 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 900 days after
| such stock is rendered for transfer 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. Hellmers
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, ITO
shares; Harry Goldman, 255 Chartres St.,
| New Orleans, La, / share.
r. II. SAAL,
Notary Public.
Recorded in NJ. O. B. 1928, Folio COL June
| IA, 1919.
| hereby certify the above and foregoing
| to be a true and correct copy of the original
| on file in my notarial records.
New Orleans, La, June 10Th, 1919
| X. III. SAAL,
Notary Public.
June 26-July 81.