The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-05
CHARTER.

This corporation shall issue to the sait
Huffman one hundred and ninetey -eigh
shares of stock, all full paid and non
assessable, and said Bultman hereby sub
scribes for said shares Of stock. the sans
TO be paid for by being accepted in full
payment Of the contractual rights sold Il
this corporation.
Other subscriptions to said capital stocl
shall be paid for in cash. at such times
termined by the Board of Directors.
NO transfer Of stock shall be binding
upon said corporation unless made upon
the books of the corporation, and all Ger
titcates of stock shall be signed by such
omcers as may be designated by the
Board of Directors.
The said corporation shall at once be,
come and be going concern and shall
Immediately commence business
The said capital stock may be increased
from time TO time to any amount not eX-
ceeding one hundred thousand dollars
such increases to be made as provided
by law.
ARTICLE Van the corporate powers
OF said corporation shall be vested in
and the management and control of its
affairs shall be exercised by Board OF
Directors. composed of three stockholders
share of stock and shall be elected an
nually, by the stockholders, by ballot, on
the Thursday following the first Monday
in January,-the first election to be held
III lp-i. Sudll Dt given w
addressed to each stakeholder, at his last
known place of residence as shown on
the books of the corporation, said notice
to he mailed at least fifteen days before
such election, and all elections shall be
held under such rules and regulations as
may be fixed by the Board of Directors.
III case of any failure to hold an cleo
ton as above provided, such failure shall
not forfeit this charter, but an election
shall be held as soon as may be prac-
ticable after notice as above provided.
Each Board of Directors, at its first
meeting after each election, shall elect
from its number president and shall
also elect a secretary and a treasurer. who
may be members of the board or not, as
the directors see fit; and both of said
Offices may he held by one and the same
may be determined by the Board.
majority of the directors shall con-
stitute a quorum for the transaction OF
all business, and any vacancy occurring
on said Board shall be filed by the re-
naming directors for the uneXpired term.
The said Board, or such officer or man
ager as IL may designate. shall appoint
such officers. managers, clerks and other
employees of said corporation as may be
necessary for its business and shall dis
miss the same: and the tenure of Office
and employment of all officers managers,
clerks and employees shall be during the
pleasure of said Board.
The said Board shall have the right and
power to buy, sell, improve, contract,
lease, borrow money, issue bonds and exc
cute mortgages, and, in general. to exer-
else all the powers of the corporation, as
well as TO carry out its objects and pur-
poses,--all without reference to or au-
by the stockholders.
From time to time said Board shall
adopt rules regulations. and bylaws for
the management and control of the bust
ness and affairs of said corporation, and.
in its discretion. shall cancel, change and
modify the same.
ARTICLE Vino subscriber hereto or
of the corporation shall ever
be held liable or responsible for the con-
tracts, faults or debts of said corpora
ton; nor shall any mere informality in
the organization have the effect of rem
dering this charter null. or of exposing
anv subscriber or stockholder to any liza
bility beyond the unpaid balance, IL any,
due on the shares subscribed for or owned
by him.
ARTICLE yII.-This act of incorpora-
ton may be changed. modified, or altered.
or said corporation may be dissolved, with
the assent of the holders of two-thirds of
the stock of the corporation, whose own
ers are present and represented at II gen.
eral meeting of the holders of stock, after
at least thirty days written notice of such
meeting has been given through mail, ad-
dressed to each stakeholder at his place of
residence, as shown on the books Of the
In case of dissolution. whether by the
expiration of this charter or otherwise, the
holders of stock shall elect three liquida-
tors from among their number. to liquidate
and settle the business and affairs of said
In case of death or dis
ability of any of said liQuidators. the
survivors, or the remaining liQuidators,
shall appoint successor to such liquida-
tor. Said liquidators are hereby given full
power. either by court or law proceed
ings, or without such proceedings, as
they shall elect, to collect all amounts
due the corporation, sell or otherwise dis
anCn NJ l.lN IT..
bilties. and compromise and settle all
disputed questions and matters: and shall
have and exercise all other powers neces-
Sary aud usual to fully and finally settle
wind up and liquidate all the business
and affairs Of the corporation, and dis
tribute its net assets or funds among its
In accordance with their re-
spective rights.
ARTICLE VIII.-The names of the first
Board Of Directors and their post Office
addresses are as follows:
A. Fred. Bultman, Jr., 2913 Magazine
Street, New Orleans, La; Edward R. Gsch-
La; Miss Eleonore Gschwind, COIL Laurel
Street, New Orleans, La.
The said Board of Directors, with said
Fred. Bultman. Jr., as President, and
'aid Edward R.. Gschwind, as Secretary
ion to be held on the Thursday follow
ng the first Monday in January, 1921, and
until their successors shall be elected.
The names and post Office addresses Of
he subscribers hereto and the number of
shares which each agrees to take in the
corporation are as follows, viz:
A. Fred. Bultman, Jr., 2913 Magazine
Street. New Orleans. La, one hundred
md ninety shares of stock, $19,-
5000; Edward r. Gschwind. 6O7l Laurel
Street, New Orleans, La. one share Of
,tock, $4,000; Miss Eleonore Gschwind.
'o71 Laurel Street, New Orleans, La, one
share of stock, $4,000.
Thus done and passed in my Office on
he day, and in the month and year here
n first above written, in the presence
II Messrs,. Azzo ]. Plough and Lawrence
Vollenweider. Jr., competent witnesses,
who have signed with the parties and
ne. Notary, after due reading Of the
whole
Original Signed):
A. FRED. PULLMAN, JR.
1913 Shares.
EDWARD r. GsCHwIND.
Share.
ELEONoRE GsCHwiND,
/ Share.
Witnesses:
Azzo j. Plough,
n