The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-29
CHARTERS.


scrihed business. To en- gag" III Foreign
and domestic commerce, aud to carry on |
the business of the corporation III In'
United States and its territories anu IL
ppudrncicS and in foreign countries 10 |
rnndu,t and carry on such other bust |
ncssrS as may be found necessary or con |
yruirut for properly calculating the
aforesaid purposes or enhancing IN" Nalhr
Of the properties. rights anu PINl'~'N VI
the corporation. = .r;
ARTICLE ". The capital stock OF TINS
lrorporatiou il hereby fixed nj the sun Oh
two hundred and fifty thousand ,H-'"'-
Oo0 OOt dollars aud shall be- divided M"
aud represented 10y two thousand ahu ~
hundred ,2.JOOl shares of the par Nalu'
Of on" hundred lNlooWnl h"iIhr> '"' y.
Said stock shall be paid for in cash. or
| its equivalent. as provided by law, ana
in Surh manner and at Su'h times anu ~
such in>tallmvnt> ~ may he Pr'N'ii"'u
! nv the I;ourd of Directors. This 'orp"F
alton shall bcCOm" q going concern anu
shall be- authorized to comm"u'" business
| when one hundred and twenty Nv" nous.
land lSl2IOO0OW dollars of ltS caPllai
stock shall have been subscribed Tor, rs
| provided by law. and when slNlN Nv"
! thousand and five hundred (Sh2 'ooNol
ldollarS of the capital stock shall IN iaci
have been paid for, either ia cash or Us
! ARTICLE V. The capital stock Of this
Incorporation may b" increased 10 me sum
! of hye hundred thousand tSI"W"OOl hol
lars by Il two thirds vote of all IN" stock
| present or represented at special meet
ing called for that purpose. or At reg
! MAR annual meeting of the corporation.
| ARTICLE NL-All certificates of stock
issued by the Company shall u" signed
by the President or Vie" President aud
| counter signed 10y TIA" Secretary Treas
urrr The stock Of this corporation can
| be- transferred only on the books OF the
corporation and subject To such r"gnia-
| lions aud IormalitirS Is may he 10y III"
| Board of Directors from time To tim" pre-
| Scrihcd. No stakeholder shall be per
III FfaarN 1-n IIStt
| stock without first Offering the same IN
| writing to the other stockholders. through
| the BOARD of Directors. AT pric" not r\-
rrrdinr the book value thereof. and the
| stockholders shall have an option aud
! first right to purrhaS" all the shares 81
stock to be thus disposed OF ny sal" or
10y the death. resignation or othrr"i>" ot
any of the stockholders of the corpora
ton and shall have u period of ten days
in which to accept or decline such un"r
of stock. Should the Board Of Directors
or the stockholders decline 10 purchase
said stock. then the stakeholder or stock
holders who made the offer To sell or
otherwise dispose of the stock, may sell
or otherwise dispose Of il in any manner
aud at any price that he or they may see
fit l:ut each share of stock IL issued
under the condition aud understanding
that no stakeholder shall make a sal" or
transfer of his stock in violation of this
provision: and such sale transfer, il
made shall he void. and this Company
shall be- under no obligation to list said
stock on its books or to regard the holder
of the certificate thereof.
| ARTICLE NII.-Thc corporate powers
of this corporation shall be- vested in and
, eNerci>ed by Board of Directors com
posed of not less than three aud not more
than seven stockholders, Il majority Oi
whom shall constitute quorum FOR the
, transaction of business. TIL" Directors oi
, this corporation may vote in person or 10y
written proxy ut any Of the meetings col
the Board of Directors. and the Board Oi
| tn n. dol Nt a. - .
to any officer or officers or any other
representative of the Company by appro
. PIRATE resolution to that effect. The first
[ Board of directors of this Company shall
o. he composed of the fOllOwing Edward
schwartz. Isaac Marx. Lester SeidenbaCh
). Edward Marx. AdOlph DiefenthaS witt
Edward schwartz. President; Isaac Marx
Vice President: Lester Seidenbach. Secre
Itary- Treasurer. And they shall serve un
til the third Wednesday in January. 1921
or until their successors are elected anG
Iuualifipd. The Directors shall be elected
annually by the stockholders ut meet
u ing held on the third Wednesday of Jan
uary in tsCh year thereafter. Notice a
such meetings shall be given fifteen dav
t. prior to the date of the meeting. in writ
= ing. and sent to each stakeholder ut hi
y last known address. Each StOckhOldr
r shall at such annual meeting or Othe
d meeting. general or special. he entitled. il
- person or by proxy. to one vote for eaCl
share of stock owned by him. Election
.. shall he held under such rules and regu
= lationS as may from time 20 time he de
h termined by the Board of Directors. TIL
= | Directors. when elected. shall hold Offic
= for one year. or until their successors Shal
1, have been elected and qualified; and fail
Al ure to hold the annual meeting of stock
D. holders. or to elect annually the Directors
o shall not operate the forfeiture of thi
It charter or any rights Hereunder. An
IL vacancy occurring in the Board of DireC
e tors may be filed by the Directors for til
Ir ARTICLE VIII-This charter or act q
IL incorporation may he changed. modified
If altered or amended by and with the con
ID sent of twO-thirds Of all the stock preSeT
nj at any meeting. general or special, hel
II for that purpose: and such amendmer
p may be material or immaterial, subjc'
to only to limitations aS may be- by law pre-
hi vided and this corporation shall have ii
D. power to increase or decrease its capiti
stock aS hereiAbefOre set ont. and any II
lis crease in the capital stock in excess
IL the amount named herein as the amount
nd which il may he increased may be ma,
We by tkreefourths vote of all outstandin
nv stock.
v. ARTICLE IX-Notice of any and a
or meetings referred to in this charter,
il required by law. shall be given In Il
nd manner provided in giving notices in ca
tie of elections. unless the same shall ha
ls- been waived. In ease of dissolution. liqu
Sc. dation or termination of this charter.
" Limitation or otherwise. the affairs of tn
or corporation shall be liquidated by one
nd more liquidatOrS elected by the Stockhol
he liquidators and vest them with such a
'ck thorty as may he by law he permitted. III
cts fix the terms and conditions upon viii
he they shall serv" and their compensatiO
to and provide that in ease of disability
RS any one of said liquidators the remainii
pss liquidatOrS may I'LL the vacancy or 90
nd time to act on behalf Of the corporate
VS. ARTICLE Mo stakeholder of n
Dy- corporation shall he liable reSpOnSit
nd for any costs. contracts, debts or fau
all OF this company. or any of it's officers. n
DID, shall any mere infOrmality in OrganiZati
In have the effect OF rendering this chart
null and void. or of exposing a StOckhOld
he to any liability beyond the unpaid balau
in due on the stock held by him.
ion ARTICLE NI.-ThP subscribers her,
ved have written opposite their names
nd, number of shares subscribed to by ca
ice of them. and their pOstOffice addresses
that this charter may serve as the Sl
ur- ScriptiOn list of the corporation: all
or which subscriptions are PAYABLE in
of manner and form set out herein.
are Thus done and passed in my Office
ell. the City Of New Orleans. Louisiana
er- the day, month and year herein first ahC
i'm written, in the presence of Ralph
mill SchwarZ and Paul T.. ChaSeZ, compete
'eS. witnesses. who have hereunto signed tn,
all presents with the said appearCrS and
ers Notary. after due reading of the whole.
cry Witnesses: Ralph J. Schwarz, Paul.
YER ChaSez.
pS, HERMAN l.. BARNETT.
Notary Public
- l. the undersigned Recorder of Mo
Cages. IN and for the Parish of DrIpa
State Of Louisiana. do hereby certify q
the above and fOrpgOni. Act of IncoroO
81.