The herald. [volume] (New Orleans, La.) 1905-1953, 1919-07-10
CHARTER

business At any meeting of the Board any
director absent from the meeting may De
represented by proxy. Until the neNt gen
eral meeting to be held under this charter
on the second Tuesday in January, 1921, or
until their duly qualified successors are
elected and installed, the Board of Directors
shall be composed of: ]. 5. Gers9n' whose
postoffice address is, Glenmora, La, Sam
Goldman whose postoffce address is S25 Ba-
rome Street, New Orleans, La; Harry Gold
man. whose pOstoffice address is 255 Charities
Street, New Orleans, La; with J. ). Gerson
as President; Sam Goldman as Nice!Presi-
dent and Harry Goldman Secretary Treas
urer.
ARTICLE Widths charter may be
amended, and the capital stock of this cor
poration may be increased decreased, or
this corporation may be dissolved and its
affairs liquidated 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-
snonsibIe for the contracts or faults of this
corporation in any further sum than the
unpaid balance 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 sell,
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
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 TO 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 in this corporation shall be valid
until and unless opportunity to purchase such
stock has first been given in the manner
!ltl tlHdpONc PROVIDED To the OtleT StOCknOiu-
erS of this corporations ana this light SO
vested in the other stockholders shall fol-
low into any hands into which it NAV 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 on 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 (9O) 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 l. r. Saal and 0. V. He'll
mers competent witnesses, who hereunto
sign their names with said appearers and me,
Notary, after due reading of the whole
Witnesses: I. r. 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, 235 Charities St.
New Orleans, La, i share.
X. H. SAAL.
Notary Public
Recorded in NJ o. B. 1928, Folio COL, June
IA, 1919
hereby certify the above and foregoing
to be true and correct copy OF the original
on file in my notarial records
New Orleans, La, June 10Th. 1919
r. II. SAAL.
Notary Public.