The herald., 1920-08-19
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 its
membership president and one or more
vice-presidents, who, without numeral
designation, shall rank I'm the order in
which they are elected; IL shall also APP
point secretary and treasurer and may
appoint one or more additional vice pr'Sl-
dents, neither of whom need be either
stakeholder or director. but may be either
stakeholder or director or other officer
and it may, if ii see fit. appoint one per
son to be secretary and treasurer, ana
shall. from time 10 time. aS il sees fit.
appoint or employ such other employees
rs il shall deem necessary. The Board OF
Directors shall have full power and au-
thOrity 10 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 bylaws.
rules and regulations necessary and proper
for the conduct and management of the
business and affairs of this corporation
not inconsistent with this charter: il shall
also have full power and authority TO do
all acts and things reasonably necessary
for the proper carrying on Of th" business
OF THIS COTporatlOuand 70 carry out the Cd
jectS and purposes for which this corpora
tiOn is organized, including the borrowing
of money necessary for the ordinary bust
ness operations of this corporation. and
through the prcSideur or some other duly
authorized person or persons to execute
and issue therefor notes or other OblgG-
tionS of this corporation on such terms As
in its Judgment may be- advantageous. il
shall also have full 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
] l.. Ia IL
cieS that may occur in It's membership. \
majority of the directors present either In
person or by proxy shall constitute a
quorum for the transaction of any bust
ness. and nj any meeting of the board any
director ShScnt thercfrom may be- repre-
scented by proxy.
ARTICLE NII.-Until the first annual
election for directors To be held under this
ccSSorS are elected aud installed the Board
of Directors Of this corporation shall be-
composed of: Alvin u. Goldman. whose
| pOStOfficc address is st. Louis. Mo: Harry
| Lesser. whose pOStoffice address is ST
! Louis. Mo-; Morris Wolf. whose poStoffice
| 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 VII.-This charter may be
amended and the capital stock OF this cor
! pOratiOn may he increased or decreased. or
| this corporation may be dissolved and IL
| affairs liquidated in the method and man
ner provided by law, as now or hereafter
| in force.
ARTICLE IX.-No stakeholder of this
corporation shall ever be held liable or re-
| SponSible for the contracts or faults Of this
corporation in any further sum than the
unpaid balance on the stock for which he
has subscribed. nor shall any mere infor-
mality in organization have the effect OF
| rendering this charter null or Of exposing
a Stockholder to any liability other than as
| above provided
Thus done and passed. in my office at
| the City of New Orleans. La, on the day
! month and year first above written, in the
presence of Irving Il. Saal and Chloe Gall
| mann. competent witnesses, who hereuntC
| sign their names with said appearers and
me, Notary, after due reading of the
| whole
| of subscribers, and number of shares OF
! stock which each agrees to take.
l. Albert j. Wolf, New Orleans. La, S9C
| shares.
. Morris Wolf per Albert j. Wolf New
| Orleans. La, 10 shares.
| 3. Alvin ID. Goldman. per Albert J
| Wolf, st. Louis. Mo-, 500 shares.
| t. Harry Lesser. per Albert J. Wolf, q
| Louis. Mo, 500 shares.
Witnesses: l. II. Saal, Chloe Gallman.
X. II. SAL,
Notary Public.
/. the undersigned, Rerorder of Mort
| cages in and for the Parish of Orleans
State of Louisiana, do hereby certify that
the above and foregoing act of incorpora-
| ton of the Albert ]. Wolf Co, Inc. was
Book 1242, Folio 6S4. New Orleans, Lou
| iSiana, August 2nd, 1920.
EMILE J. LEONARD. by. r.
A true copy: New Orleans. La. August
9th, 1920 r. II. SAAL.
| snp 10 Sept 16