The herald. [volume] (New Orleans, La.) 1905-1953, 1920-11-25
THE HERALD, NEW ORLEANS, LOUISIANA.
CHARTER

I
ton unless made in accordance with this
charter and bylaws and recorded on the
books thereof.
| ARTICLE y.-The business and affairs
| of this CORPORATION shall be managed and
/ all the corporate powers shall be vested
| In and exercised by board OF not less
| than three 90 nor more than hye (0) Il-
| rectors, to be elected From among the
! stockholders. a majority of whom, either
present in person or represented by proxy
| shall constitute a quorum.
The said Board shall elect from among
| their number President, ice-President,
a Secretary and Treasurer. The office
of the Treasurer may be combined with
| that of any other office. The Secretary
need not necessarily be MEMBER OF the
| Board of Directors.
The Board of Directors shall have full
| and complete control of the property OF
| the company, and they shall conduct man
age and use the same as in their diScre-
ton they may deem best, If not incOn-
sistent with the objects of the company
and the welfare of same. The said Board
of Directors shall have the further power
to make, alter and annul such bylaws
rules and regulations for the government
! OF the corporation as they may think prop
er They shall appoint all agents, clerks
or employees; fix their salaries and com
pensatiOn. with term of office. with the
right to dismiss them ut pleasure; and the
said Board shall have the further right
to fix and determine the salaries OF the
several officers herein provided for.
Any vacancy occurring in the Board of
Directors, either by death, resignation or
otherwise. shall be filled by the remain
ing members of said Board for the unex,
pired term. ut any meeting OF said Board
| OF Directors.
ARTICLE vI.-The first Board of Di-
/ rectors shall be composed of Louis r.
kIipStein, whaSe pOStOifCe address Is 1916
1 Valence Street. New Orleans. La; Mildred
| Brown klipstein, who pOstOffice address Is
| 1926 NalenCe Street, New Orleans. La, ana
/ John L. Barr, whose pOStoihce address Is
s,.,. nrla
with the following officers, who shall serve
until the first annual meeting OF this cor
puratiou, as hereinafter set forth, ana IN
| iii their successors shall have been duly
/ elected qualified and installed: Louis +.
/ klipstein, President, Mildred Brown Kip
stein. Nicc--P President, and John L. Barr,
/ Secretary Treasurer.
| Said Board of Directors shall serve un-
/ til the first meeting of the stockholders
tor the election OF Directors, or until their
successors are duly elected, qualined and
installed.
in October 1927, and annually thereafter
/ on the second Tuesday in October of each
year, Il meeting of the stockholders OF tht
corporation shall be held AT its dOmlCllt
for the purpose of clecting Directors fOI
the ensuing year, and At such meeting thu
stockholders shall have the right of cumu'
latiye voting in the election OF Directors
and at said meeting said stockholders sinai
elect said Directors. y talIure LOT an!
cause whatsoever TO hold the annual meet
ing of the stockholders, or the failure Il
elect Directors theTeat shall not diSSOtN,
the corporation. but the Directors and OF
icers then in office shall remain in Once
until their successors shall have been duly
elected, qualified and installed.
! ARTICLE NIII.-This charter may b'
amended and the capital stock OF this cor
pOration may be increased or decreased Of
this corporation may be dissolved by th'
method and manner provided by law.
| ARTICLE IN-NO stakeholder of thi
I1..- lion hall h.s hRlH sal
sponsible for the contracts or faults o
this corporation in any further sum thai
the unpaid balance Of stock for which III
has subscribed, nor shall any mere In
formaIity in organization have the effec
of rendering this charter null or of expos
ing stockholders TO any liability other thai
as above provided.
corporation shall sell or otherwise dispos
i of his stock in this corporation until h
, ! shall have first offered same in writing Z
the remaining stockholders such oher L
, be made through the Board of Directors
and said stockholders shall have the RICH
within thirty $500 days from the date o
such offer 10 purchase said stock at 1t
! book value. II the stockholders do no
avail themselves of this right. the sat
! stakeholder offering said stock for sal
may then dispose of same as he sees fit.
Thus done and passed in my office at tn
City OF New Orleans, La, on the day
{ month and year first hereinabOve writ
ten, in the presence of Roberts e. Millin
: and Edward l.. Szabary, competent wit
nesses, who hereuntO sign their name
: with said appearers and me, Notary, afte
! due reading of the whole.
Signed:
Louis +. Klipstein. 1895 yalence St, Ne,
Orleans, La, 150 shares: Mrs. Mildre
T Brown Klipstein, 1926 Yalence St, NeN
T Orleans, La, l share, per Louis X. Kip
: STEIN Jno. L. Barr, 3211 Upperline St
I New Orleans, La, 10 shares; Vim. S. Pfaf
I 3217 Upperline ST., New Orleans, La,
share.
Witnesses: r. C. Milling. E. L. Szabary
r. II. SAAL,
Notary Public.
i /, the undersigned Recorder Of Mort
cages in and for the Parish of Orleans
: State Of Louisiana, do hereby certify thf
= the above and foregoing Act Of Incorpors
r ton. of the The Cord-Tex Co, Inc" wa
: this day recorded in my office, in Boo
s 1246, folio 1853. New Orleans, Septemb,
5, 20. 1920.
r (SIGNED) EMILE ]. LEONARD.
e by. elk.
r. II. SAAL,
;, Notary Public.
!, 4 true copy: New Orleans, La, octOb'
o 14th, 1920.
n.S