The herald., 1920-11-04
CHARTER


present in person or represented by proxy,
| shall constitute quorum.
| The said Board shall elect from among
their number Il President, NicC-President.
! a Secretary and II Treasurer. The Office
/ of the Treasurer may be- combined with
/ that of any other office The Secretary
need not necessarily be member of tn"
Board of Directors.
] The Board of Directors shall have full
! and complete control of the property of
/ the company, and they shall conduct. man
age and use the same as III their dlscre-
/ tiOn they may deem best, If not incOn-
siStent with the objects of the company
/ and the welfare of same. The said Board
/ of Directors shall have the further power
| TO make, alter and annul such by laws.
4 rules and regulations for the government
| OF the corporation as they may think prop
er. They shall appoint all agents, clerks
/ or employees; tN their salaries and com
/ penSation, with term of Office. with the
! right TO dismiss them at pleasure; and the
said Board shall have the further right
, to fix and determine the salaries of the
several officers herein provided for.
Any vacancy occurring in the Board OF
Directors, either by death. resignation or
otherwise. shall be filled by the remain
ing members of said Board for the uneX-
plred term, at any meeting of said Board
of Directors.
ARTICLE YI.-The first Board of Di-
rectOrs shall be composed of Louis r.
hHpstein, whase pOstOtGce address is 1926
] Nalence Street. New Orleans. La; Mildred
1926 Nalence Street, New Orleans. La. and
John L. Barr, whose pOstOfiice address is
32ll Ipperline Street, New Orleans, La,
with the following officers, who shall serve
until the first annual meeting of this cor
pOratiOn. as hereinafter set forth, and I'M
til their successors shall have been duly
elected. qualified and installed: Louis F.
hlipstein, President, Mildred Brown Kip
stein. Vice President, and John L. Barr
Secretary Treasurer.
Said Board of Directors shall serve un-
til the first meeting of the stock holders
sor the election of Directors, or until their
successors are duly elected. qualified and
installed.
ARTICLE Vu.-On the second Tuesday
in October, 1921, and annually thereafter
on the second Tuesday in October of each
year, a meeting of the stockholders of the
corporation shall be held at its dOmicile
for the purpose of electing Directors for
the ensuing year. and at such meeting the
stockholders shall have the right of cumu-
latire voting in the election of Directors
and AT said meeting said stockholders shall
elect said Directors. \ failure for any ,
cause whatsoever to hold the annual meet
Ing OF the stockholders, or the failure TO
elect Directors thereat shall not dissolve
the corporation, but the Directors and Of
hcers then in office shall remain in Office
until their successors shall have been duly
elected. qualified and installed
ARTICLE NIII.-This charter may be |
amended and the capital stock of this cor
pOration may be increased or decreaSe or |
this corporation may be dissolved by the |
method and manner provided by law.
ARTICLE IN-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 Of stock for which he |
has subscribed, nor shall any mere in |
iOrmdlity IN organization have the effect |
of rendering this charter null or of expos !
ing stockholders TO any liability other than |
as above provided. 4
ARTICLE Mo stakeholder of this |
hal IA
of his stock in this corporation until ne |
shall have first offered same in writing TO |
the remaining stockholders, such offer to |
be made through the Board of Directors
and said stockholders shall have the right
within thirty 500 days from the date of |
such offer to purchase said stock at its |
book value. If the stockholders do not |
avail themselves of this right. the said |
Stockholder Offering said stock for sale |
may then dispose of same as he sees fit.
mus done and passed in my Office at the |
month and year first hereinabove writ
Ten, IN the presence of Roberts c. Milling
and Edward l.. Szabary. competent wit
hesses, who hereunto sign their names
due reading of the whole.
Louis F. Klipstein. 1926 valence ST.. New
Orleans. La, $50 shares: Mrs. Mildred
Brown Klipstein. 1926 Valence St, New
orleans, La, l share per Louis X Kip
stein; JnO. L. Barr. 32l1 Upperline St,
New orleans. La, 10 shares; Vim. S. Plan,
32l7 Upperline St, New Orleans, La. |
share. '
Witnesses: II. c. Milling, f. L. Szabary.
X. II. SAAI,,
Notary Public.
l. the undersigned Recorder of MORT
cages, in and for the Parish of Orleans II
State of Louisiana. do hereby certify that n
me above and foregoing Act of Incorpora-
Iion, of the The CordTex Co. Inc" was
This day recorded in my Office. in Book
l2i6 folio 353. New Orleans. September
'slGNED) EMILE J. LEONARD.
by. elk.
r. Fl. SAAL
Notary Public
18th. 1920.
Oct. 2l-Nov. 25