The herald., 1920-09-02
CHARTER.

this corporation, but the directors then In
office shall remain in office until their
successors are elected and qualified. Due
notice of another election shall forthwith
be given as above provided for, and such
notices of election shall be continued TO be
given until an election is had.
ARTICLE VI.-At its first meeting, each
board of directors shall elect from It's
membership a president and one or more
vice presidents. who. without mineral
designation, shall rank in the order in
which they are elected; il shall also ap-
point a secretary and Il treasurer and may
appoint one or more additional vlce-prcSl-
dents. neither OF whom need be elther
stakeholder or director but may be either
stakeholder or director or other officer,
and il may, if it see fit. appoint one per
son TO be secretary and treasurer, and
shall. from time to time, as II sees ut.
appoint or employ such other employees
as il shall deem necessary. The Board OF
Directors shall have full power and Hu-
thOrity to fix the salaries of all OFFICERS
and Of all such other employees as il may
deem necessary. and to make and establish,
as well aS to alter and amend all by laws.
rules and regulations necessary and proper
for the conduct and management or the
business and affairs of this corporal ion
not Inconsistent with this charter; II shall
also have full power and authority TO do
all acts and things reasonably necessary
for the proper carrying on OF the business
Of this cOrporation.and to carry out the OBJ
ipctS and purposes for which this corpora
ton is organized. including the borrowing
of money necessary for the ordinary bust
ness operations OF this corporation, and
through the president or some other duly
authorized person or persons 10 execute
and issue therefor notes or other Oblga-
tiOns of this corporation on such terms as
in it's judgment may be advantageous; ii
shall also have fun power and authority TO
issue and deliver full-paid shares of stock
of this corporation for money, labor, ser
vices. property or rights actually received
III. . saVU nj
cies that may occur in its membership. \
majority of the directors present either In
person or by proxy shall constitute a
quorum for the transaction OF any bust
ness, and at any meeting OF the board any
director absent therefrom may be repre-
scented by proxy.
ARTICLE VII.-UntiI the first annual
election for directors to be held under this
charter, or until their duly qualified sue
cessors are elected and installed, the Board
of Directors of this corporation shall be
composed of: Alvin ID. Goldman, whose
pOStoffice address is St Louis, Mo. Harry
Lesser, whose pOstoffice address is 81.
Louis, Mo: Morris Wolf whose psstoffice
address is New Orleans. La. Albert j.
Wolf. whose pOstoffice address is New Or
leans. La. with Albert J. Wolf As presi-
dent and Alvin ID. Goldman as vice presi-
dent.
ARTICLE VIII.-This charter may b,
amended aud the capital stock Of this cor
| pOratiOn may be increased or decreased, OF
! affairs liquidated in the method and man.
! ner provided 10y law, as now or hereafter
| in force.
! ARTICLE IN.-No stakeholder of thi,
| corporation shall ever be held liable or re-
| sponsible for the contracts or faults of thi'
| corporation in any further sum than the
| unpaid balance on the stock for which ht
! has subscribed. nor shall any mere infor
| mality in organization have the effect o.
| rendering this charter null or of exposing
| a stakeholder TO any liability other than a.
| above provided.
| Thus done and passed. in my office a
| the City of New Orleans, La. on the day
| month and year first above written. in tbs
| presence of Irving X. Saal and Chloe Gall
| mann. competent witnesses, who hereuntC
| sign their names with said appearers ant
me. Notary, after due reading of th'
| whole.
Names of subscribers. postoffice address
| of subscribers, and number Of shares o
| stock which each agrees to take:
l. Albert J. Wolf, New Orleans, La, @9'
! shares.
. Morris Wolf per Albert J. Wolf. New
| Orleans, La. 10 shares.
| 3. Alvin u. Goldman, per Albert J
Wolf, st. Louis. Mo. 500 shares.
| t. Harry Lesser, per Albert j. Wolf st
! Louis. Mo. 500 shares.
Witnesses: /. II. Saal, Chloe Gallman.
L. II. SAAL.
Notary Public.
! /. the undersigned. Recorder of Mort
cages in and for the Parish of Orleans
State of Louisiana. do hereby certify tina
the above and foregoing act of incorpora
| tiOn of the Albert J. Wolf Co, Inc. wal
| Book l242. Folio 6S4. New Orleans, Lou
| isiana. August 2nd, 1920.
EMILE J. LEONARD. by. L.
\ true copy: New Orleans. La. Angus
9th, 1920. r. II. SAAL,
(SeaD Notary Public.
| Aug 10 Sent 16