The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-01
CHARTER.

increase the number of the Board. Such
Board of Directors shall at its first meet
ing after its election, nominate out Of its
shall be regarded a forfeiture of this
charter. Any vacancy occurring on said
Board shall be filled by the remaining
number, a President, Vice President, a
Secretary and a Treasurer. The Offices of
Secretary and Treasurer may be combined
in one person, and the Board of Directors
is accorded the right if it chooses to elect
for the office of Secretary Treasurer
a person who is neither a member of the
Board or Directors, or stakeholder in
the corporation. Such Board shall have
the right OF appoint and dismiss such
clerks, managers, or other employees of
the corporation as conditions may Justify
or the business of the corporation may
require. The tenure of Office of all the
employees of the corporation shall be dur
4 ing the pleasure of the Board of Directors
Any of the directors or officers shall have
the right to appoint by written instru-
ment another director as MS proxy and
IN his stead at any and all meetings of
the Board of Directors
ARTICLE VINO sale or transfer OF
stock in this corporation shall be valid
until and unless the stockholders of the
corporation have been afforded the OPP
pOrutnity to purchase said shares of stock
at not less than their book value the
stockholders to be given fifteen days to
determine whether they will avail them
selves of the stock.
ARTICLE Vino stakeholder shall
ever be held liable or responsible for the
contracts, faults, or debts of said cor
poratiOn, nor shall any mere infOrmality
in its organization have the effect of rem
dering this charter null, or of exposing n
stakeholder to any liability beyond the
unpaid balance due on the shares owned
by him.
ARTICLE VIII.-This act of incOrpora-
ton may be changed, modified or altered.
or this corporation may be dissolved
with the assent of stockholders owning
two thirds of all stock of the corpora
ton. at a general meeting for that pur-
pose convened after at least thirty days
written notice of this meeting having been
given by mail addressed to each stock
holder at his last known place of resi-
dence. In case of dissolution by the eN-
piratiOn of this charter or otherwise, the
stockholders shall elect three iquidatorS
from among their number TO Hquidate
and settle the business and affairs of the
company. In case of the death or dis |
ability of any of said commissioners or |
iquidatOrS, the survivors or remaining |
liquidatOrs shall appoint a successor TO |
him. The said liquidators shall have full |
power to settle said cOmpany'S debts and |
divide the remaining money and property |
among the stockholders. They shall also |
have the power to meet and act under the |
bylaws Of the corporation and under the |
regulations to be made by the majority !
of the HquidatOrS; TO fix and prescribe |
the terms of sale of said property, and |
the manner in which the sale shall be |
made, and to take notes and bonds secured |
by mortgage or otherwise for part of the |
purchase price, for all or part of said prop |
erty, provided, however. that the rights |
herein conferred upon the liquidators may |
be modified, changed or denied by n ma |
Jority of the shares of the capital stock |
OF the corporation. The said liquidators |
shall have the authority to sue for and |
recover the debts and property in the |
name OF the corporation, and my be sued |
10y 10y tne same name and they shall be liable |
IN sOlld0 to any creditor or stakeholder |
Tor the monies and property of the cor |
poratlOn which shall come into their hands |
or possession as liquidators and for the |
proper application and distribution there !
of.
ARTICLE IX-UntiI the election to be |
held in January, 1921, the following shall |
constitute the first Board of Directors: |
Oscar a. Coon, Frederick Querens, Horace |
Il. Cook, John kleinkemper, Thomas Il.
Brown, Gus l.. Solomon George A. |
Karayne, with Oscar \. CoOns, as Presi-
dent; Frederick Querens, as Vice Presi-
dent, and George \. karayne, as Secretary
Treasurer.
Thus done and passed in nv office on
the day, month, and year first above writ
ten, in the presence of 4. :. Frank and
Fred III. Herrick, competent witnesses who
have signed with the appearers and me,
Notary, after reading of the whole.
Original Signed)
OSCAR A. COONS,
1000 Shares; Common, New Orleans. La.
fkEDERlCh QUERENS, JR..
10 Shares. Preferred, New Orleans, La. II
HORACE b. COOK, |,
III shares, Preferred, Patterson, La, Per
Pro. o. A. Coons.
JOHN KLEINKEMPER
Shares, Preferred, New Orleans, La.
THOS. Il. BROWN,
III Shares, Preferred, New Orleans, La
GUS L.. SALOMON
10 Shares, Preferred 4O5 CarondeIet ST.
New Orleans La.
q. A. KARAYNE, IL
40 Carondelet ST., New Orleans La. II
Witnesses: "
4. S. Frank
Fred III. Herrick.
PERCIVAL ii. STERN.
Notary Public.
L, the undersigned, Recorder of Mort !
cages, IN and for the Parish of Orleans.
state OF Louisiana, do hereby certify thai
me above and foregoing Act of Incorpora.
non, OF the CoOns Silo and Building 20
nc, was this day duly recorded in INV
2iIlce, IN Book 123s, folio IS, New Orleans
December IL, 1919.
tSlgned) EMILE j. LEONARD DR.
n true copy from the original charter
PERClVAL ii. STERN, !
H.. Notary Public