The herald. [volume] (New Orleans, La.) 1905-1953, 1920-11-18
CHARTER.

shall constitute a quorum for the trans
| action of all business.
The Directors shall De elected by ballot
| OF the stockholders at their annual meet
| ing on the third Monday, of January, 1921.
and of each succeeding year. All cleo
| tions shall be held under such rules and
| regulations as may be determined by the
Board of Directors at the domicile of the
corporation, and notice thereof must be
delivered personally or by depositing in
the postoftice. properly addressed, to each
| stakeholder, at least fifteen days before
such meeting. At least two days before
said meeting. complete list of the stock
I holders entitled to vote shall be open to
inspection by the stockholders at the
| place of the said meeting.
The directors thus elected shall con-
| tinue in Office for one year. or until their
| successors shall have been duly elected
and qualified; and the Directors named
herein shall serve until the third Monday
| of January, 1921, or until their successors
shall have been duly elected and qualified.
| Each stakeholder at every ockholders'
| meeting shall be entitled to one vote, in
person or by written proxy, for each share
| of the capital stock held, or owned, by
him or he may send his vote or proxy IN
| letter, the signature of which must be
| acknowledged before a Notary Public or
other officer authorized to take afidayits.
Shares of the capital stock of the corpora
| ton belonging legally or equitably to the
corporation shall not be voted, either di-
| recuy or indirectly No failure to hold
of this charter.
Any vacancy occurring on said Beard
of Directors shall be filled by the remain
ing Directors for the unexpired term.
The said Board os Directors shall, at its
first meeting, elect from its number a
President, a Vice President a Secretary
and Treasurer. 1t may combine the of
hces of Secretary and Treasurer. Said
Board of Directors shall have the right
and power to appoint other agents and
employees, who, respectively, shall have
such power and perform such duties as
may be prescribed by the bylaws and
who may be employed and removed at the
pleasure Of the Director or Directors dele
gated such authority by the bylaws
The names and addresses Of the first
Board OF Directors are as follows:
Peter NJ. Joachim, 1915 Josephine Street
New Orleans, La: Sid III. Hasam, 1913
Peters Avenue, New Orleans, La, and ].
Walter Michel, 1915 Josephine Street, New
orleans, La. The said Peter NJ. Joachim
shall be the President the said Sid H.
Hasam shall be the Vice President, and the
said J. Walter Michel shall be the Secre-
tary-Treasurer of the Board of Directors
ARTICLE VIII-Every subscriber to the
capital stock of this corporation, though
not holder, shall be personally liable TO
ane credltors OF the corporation to an
amount equal to the unpaid balance on the
STOCK for which he has subscribed. Trans
ierees snail not be liable unless it be shown
that the stock was acquired with knowl-
rug vi tne conditions which would make
me subscriber liable; where both sub
scrlDer ana transferee are liable, the liabil-
ny shall De In sOlido, and the liability
S Snan continue as to both after any dis
p oSni OF the stock. No stakeholder ever
shall be liable or Responsible for the con.
RATS or faults OF this corporation in any
Iuriner sum than is above provided. nor
Shall any mere informality in Organization
n,,m the effect of rendering this charter
nun or of exposing a stockholder to anv
hdoIi1Iy other than as above provided.
ARTICLE XI.-This Corporation NAV no
ulSsolVed with the assent of the stock
noluers owning two-thirds of the issued
caPltai stock of the corporation at n meet
ing convened for that purnose after notico
OF such meeting shall have been given TO
eacn stockholder in accordance with Law
IN me event Of the dissolution Of this cor
poration. the business and AFFAIRS Of m
corporation shall be settled by three iionj.
GATORS TO be elected by the STOCKHOLDERS
from among their number at the meeting
which decides to liquidate. The compen-
satl0n OF the said iquidators shall be
nAed at the meeting at which they are
elected. Said hquidators shall have fnlI
power and authority to settle the entire
business and affairs of the corporation. In
the event of the death or inability of any
or said ltquidators, the survivor or sur
vivors shall appoint a successor or sue
cessors to him or them from among the
stockholders. "
The subscribers hereto have given on
poslte their respective names the amount
OF STOCK hereto subscribed by them so that
this act OF incorporation may also serve
In part payment of their respective sub
scriptions OF thirty and forty shares OF
the capital stock Of this company. Josenh
w. Michel and Peter NJ. Joachim hereby
transfer to the company their and each OF
their interest in and to the assets OF the
Columbia Box Factory, subject to an as