The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-26
CHARTER.


Bultman 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 sam'
TO >be paid for by being accepted In ful
payment of the contractual rights sold tC
this corporation.
Other subscriptions to said capital stocl
shall be paid for in cash, at such times
and In such amounts as may be de-
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
officers 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 V.-AIl the corporate powers
Of said corporation shall be vested in,
and the management and control of Its
affairs shall be exercised by Board of
Each director shall own at least one
share of stock and shall be elected an
nually, by the stockholders, by ballot, on
the Thursday following the first Monday
I'm January 1.-THE first election to be held
i'm 1921. Notice shall be given by mail,
addressed to each stakeholder, at his last
known place of residence as shown on
the books of the corporation, said notice
to he mailed mt 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.
IT. case of any failure to hold an cleo
tion rs 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
la.aNtn Ghnl oil
from It's number a 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
person, as Secretary and Treasurer, as
may be determined by the Board.
4 majority of the directors shall con-
stitute quorum for the transaction OF
on said Board shall be filled by the re-
manning directors for the uneXpired term.
The said Board, or such officer or man
ager as 1t may designate, shall appoint
such officers managers, clerks ana 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
tutt HOTlSdStSs anu. Ill Sthtluts W tAtA
else all the powers of the corporation. as
well as 10 carry out its objects and pur-
poses--all without reference to or au-
thorization 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
ARTICLE Vino subscriber hereto or
stakeholder of the corporation shall ever
be held liable or responsible for the con-
tractsS 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
any subscriber or stakeholder to any liza
bility beyond the unpaid balance, IL any,
due on the shares subscribed for or owned
by him.
ARTICLE vII.-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 a 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 or the
corporation.
In ease Of dissolution. whether by the
expiration of this charter or otherwise, the
holders of stock shall elect three liquida-
toys from among their number, to liquidate
and settle the business and affairs Of said
corporation. In case of death or dis
ability of any Of said liquidators, the
survivors. or the remaining liquidators,
shAll appoint n 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
pose OF Its assets, pay Its debts and ha-
bilities. and compromise and settle all
tAA md 0ff nd hoD
have and exercise all other powers neces-
sary aud usual to fully and finally settle,
wind mp and liquidate all the business
and affairs of the corporation, and dis
tribute its net assets or funds among its
stockholders in accordance with their re-
spective rights.
ARTICLE VIII.-The names of the first
Board of Directors and their post Office
A. Fred. Bultman, Jr., 2913 Magazine
Street, New Orleans, La: Edward r. Gsch.
wind, 60I1 Laurel Street, New Orleans.
La; Miss Eleonore Gschwind, COIL Laurel
Street, New Orleans, La.
The said Board of Directors, with said
A. Fred. Bultman, Jr.. as President, and
said Edward r. Gschwind, as Secretary
and Treasurer, shall serve until the cleo
ton to be held on the Thursday follow
ing the first Monday in January. 1927. and
until their successors shall be elected.
The names and post Office addresses of
the subscribers hereto and the number of
oudTto WHICH, cdCb dSTttS " tdhc TIC
corporation are as follows, viz:
A. Fred. Bultman, Jr., 2013 Magazine
Street, New Orleans. La, one hundred
and ninety-eight shares of stock, $19-
10000; Edward r. Gschwind. 6071 Laurel
Street, New Orleans, La. one share of
stock. $4,000; Miss Eleonore Gschwind.
8071 Laurel Street. New Orleans, La, one
share of stock. $4,000.
Thus done and passed In my Office on
the day. and In the month and year here
in first above written, in the presence
Of Messrs. Azzo ]. Plough and Lawrence
Vollenweider, Jr., competent witnesses.
who have signed with the parties and
me, Notary, after due reading Of the
whole.
Original Signed):
A. FRED. PULLMAN, JR.
1913 Shares.
EDWARD r. GSCHwIND.
ELEoNoRE GscHwiND.
I Share.
Witnesses:
Azzo j. Plough,
Lawrence vollenweider, Jr.
HENRY g. MCCALL.
Notary Public.
Certificate Of Recorder.
1, the undersigned Recorder 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 Automatic Register Scales