The herald., 1920-11-18
CHARTER

The said Board shall elect from among
! their number a President. Vice President.
"a Secretary and a Treasurer. Inc One
of the Treasurer may be combined with
that of any other office. The Secretary
need not necessarily be member OF III"
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 discr"-
lion they may deem best, If not iuCOu-
SiStrnt 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 bylaws.
rules and regulations for the government
Oh the corporation as they may think prop
cr. They shall appoint all agents. clerks
or employees. fix their salaries and COM
ponSatiOn. with term Of office, with the
right to dismiss them at pleasure; and ID"
said Board shall have the further right
to tN and determine In" salaries u the
several officers herein provided for
Any vacancy occurring in the Board of
Directors either by death. resignation OF
otherwise. shall be- filled by the remain
ing members Of said Board for the un"N-
plrcd term, ut any meeting OF said Board
Of Directors.
ARTICLE VI.-The first Board Of hi
rcct0rS shall Ice composed of Louis +.
hhp~tein, WhaSe pOStOifce address Il lN2i
NalcurC Street. New Orleans. La. Mildred
Brown klipSt-iu who pOstoilicc address i
lN2j NJlcnce Street, New Orleans, La. and
John l. Barr, whose pO>toillre address i
Ell Ippcrlne Street, New Orleans, La.
with the following officers, who shall serve
until the first annual meeting of this cor
puratiou, as hereinafter set forth. and uu-
til their successors shall have been duly
elected, qualified and installed: Louis +
klipstcin, President, Mildred Brown Kip
stein. kico--PrcsidcHt, and John L. Barr,
Secretary Treasurer.
said Board of Directors shall serve un-
I'll the first meeting of the stockholders
.Or the election OF Directors, or until their
successors are duly elected, qualified and
installed.
ARTICLE VII.-On the second Tuesday
in October. 1921 and annually thereafter
on the second Tuesday in October of each
year. meeting of the stockholders of IN,
corporation shall Ice held ut its domiril"
for the purpose OF elrctiug Directors for
TIA" ensuing year, ana at such meeting thu
stockholders shall have the right OF cumu-
latIvc voting in the election of Directors,
and at said meeting said stockholders shall
elect said Directors. y failure for any
cause Whatsoever to hold the annual meet
INK Of the stockholders, or the failure to
elect Directors thrreat shall not dissolve
the corporation. but the Directors and Of
h'rrS then IN Office shall remain in office
until their successors shall have been duly
elected, qualified and installed.
ARTICLE NlII.-This charter may be
amended and the capital stock of this cor
poratlOn may be increased or decreased or
this corporation may be dissolved by the
method aud manner provided by law
ARTICLE lN.-NO stakeholder of this |
VI lbIdllOu snail ever De ltl0 lldble or
sponSible for the contracts or faults OF |
this corporation in any further sum than |
the unpaid balance of stock for which d. |
has subscribed, nor shall any mere in |
iOrmdltE IN organization have the effect !
OF rendering this charter null or of expos. |
Ing stockholders to any liability other than |
as above provided.
ARTICLE Mo stockhOldDr of This
corporation shall sell or otherwise diSposr |
of his stock in this corporation until he (
shaII nave hrSt 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 900 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 |
>tockhoIder offering said stock for sale |
may then dispose of same as he sees fit.
Thus sone and passed in my Office at the |
month and year first hereinabove writ |
ten. IN the presence of Roberts &. Milling |
and Edward l.. Szabary. competent wit /
a ness who hereunto sign their names
" S. llh sali aPPearers and me, Notary, after
iuc reading of the whole.
Louis F. Klipstein. 1926 valence St.. New
Orleans, La. 100 shares: Mrs. Mildred
lrieanS La, l share, per Louis X. Kip
stein; JnO. L. Barr. 32l1 Upperline St.
New Orleans, La. 10 shares: Vim. 5. Pfan. 4
IN! CpPerline St. New Orleans, La, !
Witnesses: r. c. Milling, +. l. Szabary. II
Il. ii. SAAL. Il
Notary Public.
:ageS, in and for the Parish of Orleans
,tate of Louisiana. do hereby certify that
ne above and foregoing Act of IncOrpora-
ION OF the The Cord-Tex Co. mag was
his day recorded in nv Office in BOOK
: III: folio SJ3, New Orleans. September
.. 1920.
(SlGNED) EMILE ]. LEONARD.
by. elk.
r. II. SAAL.
Notary Public
\ true copy: New Orleans, La, October
18th, 1920.
let. 2I-NOy. 25