The herald., 1920-11-25
CHARTER.

ARTICLE v.-The location and domi-
ellie Of this corporation shall be at the
City of New Orleans, State of Louisiana.
ARTICLE VI.-The period of duration
Of this corporation shall be ninety-nine
ARTICLE vfI.-An the corporate pow
ers of this corporation shall be vested In,
and the management and control or It's
business and affairs shall be exercised by
a Board of Directors composed OF three ~
stool olders, each of whom shall own In
his own right at all times during the term
of office at least one NIL paid ana un-
pledged share of the capital stock Of this
corporation, which fact shall be shown
bt written declaration.
Provided, that the number Of directors
herein may be increased to not more than
five 90 persons by a majority vote Of the
stockholders of this corporation at any
meeting regularly called.
A majority OF the Board Of Directors
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, 1S21
and of each succeeding year. All cleo
tons shall be held under such rules and
regulations as may be determined by the
Board of Directors at the domicile or the
| corporation, and. notice thereof must be
delivered personally or by depositing In
the postofice. properly addressed. to each
| stakeholder, at least fifteen days before
| such meeting. At least two days before
! Sdl0 meeting, n COmpIele list VI TIC
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
shah have been duly elected and qualified
Each stakeholder at every stockholders
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 b,
letter, the signature of which must b.
acknowledged before Notary Public OIL
other officer authorized to take afhdavits
Shares of the capital stock Of the corpora
corporation shall not be voted, either di
rectly or indirectly. No failure to hole
an election shall be regarded as forfeiture
Of this charter.
: Any vacancy occurring on said Bsart
of Directors shall be filed by the remain
ing Directors for the unexpired term.
The said Board Of Directors shall, at IT.
first meeting, elect from Its number
and a Treasurer. 1t may combine the Of
fees Of Secretary and Treasurer. Sait
Board Of Directors shall have the RICH
and power to appoint other agents ant
such power and perform such duties a
may be prescribed by the bylaws, an,
who may be employed and removed at tn
pleasure Of the Director or Directors dele
gated such authority by the bylaws.
The names and addresses of the frs
Board Of Directors are as follows:
Peter NJ. Joachim, 1915 Josephine Street
} New Orleans, La; Sid II. Hasam, 12l
Peters Avenue, New Orleans, La, and J
Walter Michel, 1915 Josephine Street, Ney
: Orleans, La. The said Peter NJ. Joachim
shall be the President. the said Sid II
: Hasam shall be the Vice-President, and tn
said j. Walter Michel shall be the Score
Z tary Treasurer of the Board of Director,
J ARTICLE vIII.-Every subscriber to tn
capital stock of this corporation, thong
not holder. shall be personally liable {
n the creditors of the corporation to a
" amount equal to the unpaid balance on tn
r stock for which he has subscribed. Trans
. ferees shall not be liable unless 1t be show
!, that the stock was acquired with know
edge OF the conditions which would max
the subscriber liable; where both sub
- scriber and transferee are liable, the habi
lty shall be In solido, and the iabilit
shaii continue as to both after any dis
snail be liable or responsible for the cor
tracts or faults OF this corporation in an
! 1urther sum than is above provided, nc
Save tbs mere inf M in
null or OF exposing a stakeholder to an
liability other than as above provided.
ARTICLE M.-This corporation may I
Slssolved with the assent Of the stool
holders owning two-thirds of the issue
capital stock OF the corporation at q NEE
Ing convened for that purpose after mott,
OF such meeting shall have been given
each stakeholder In accordance with la,
In the event Of the dissolution Of this co
poration, the business and affairs of a
corporation shall be settled by three LOU
dators to be elected by the stockholde
from among their number at the meetiu
which decides to Hquidate. The compeI
sation OF the said hquidators shall
fixed at the meeting at which they a.
elected. Said liquidators shall have fu
power and authority to settle the entiI
business and affairs OF the corporation.
the event Of the death or inability Of an
Of said liquidators, the survivor or SUI
vivors shall appoint a successor or SUI
cessors to him or them from among Il
stockholders.
The subscribers hereto have given o,
posite their respective names the amour
Of stock hereto subscribed by them, SO thu
this act Of incorporation may also ser,
as the original subscription list of tn
corporation.
In part payment Of their respective su,
scriptions of thirty and forty shares ,
the capital stock Of this company, Josep
W. Michel and Peter NJ. Joachim hereb
transfer to the company their and each
their interest in and to the assets Of Il
Columbia Box Factory, subject to an a