The herald., 1920-07-08
CHARTER.

any person until the payment i'm full by
him of the shares subscribed for by him.
ARTICLE V.-All the powers of this cor
pOration shall he vested in. and be eNer-
cised by. a board of directors. TO he com
posed of five stockholders, w-o shall be
elected at stockholders meeting to be
held for that purpose, annuai:y on the first
Tuesday of May. at the dOmiCilc of the
corporation. At its first meeting following
election. the directors shall elect from their
own number, for the term OF one year. Il
president. a vice president and Il trca ~urcr.
who shall remain in office, until their sue
c,.SSorS have been duly elected and quail
fled and who shall perform such duties as
are assigned to them respectively. by the
directors. and a. may be- prescribed by the
by laws. rules and regulations 10 b" udpp-
ted by the board Of directors. for the on
Grafton of this corporation.
ARTICLE With" apprarcrS here de
,Iarrd that they have subscribed. r"Sp,ar.
lively. 10 Ia" following number of shares
of the CAPITAL stock Of this corporation. to
Wit Emanuel prElanc. 80 shares. Ana
rol. Torfcr. - shares; NJ. e. Adams, ;
shares
The subscription Of the said Emanuel
IrliHuc being FULLY paid Tor aHT settled by
the transfer by him to this corporation Of
ai' his rights. title and interest in and to
All IN" assets. property and business Of the
candy establishment conducted los him; "a
detailed and tented statement and de
~rripiiuu Of such property being ANNEXED
hereto. aud the said property. business.
candy machinery. etc. and good will. hIy-
ing been appraised at the sum of five
Thousand. on" hundred dollars. ($J. lOu OOI
10y the board Of directors OF the present
corporation. aS set forth in said ANNEXED
statement.
ARTICLE VII.-Thp first board Of di-
rc,'tors of this corporation shall be com.
posed OF Emanuel pcIilanc No. l,;~J ST
Bernard ave. New Orleans: Mr.. Amatol'
Furirr No. 1902 81. Ann ST.. New Orleans
aud Mr.. VI G.. Adams. $50 Poplar street.
New Orleans. with MIR. Emanuel peI;anc
~ president: Mr.. AnatOle FOrfer - vice.
president and Mr.. VI. g. Adams. A. score
tarN treasurer. who shall serve until tn,
first Tuesday of May, 1877. when the first
"Ip,.tiou of directors. under this charter
shall Ice held. or until their successors have
been duly elected and have qualified. Any
Vacancy occurring. for any reason. in TIA,
officers or directors of this corporation
shall Ice filled by the remaining member,
OF tn" board
ARTICLE VIII.-Ecforc any stakeholder
shall max" sale of his stock. he shall
offer tn" same to the board of director,
which shall act aS agent for the sale of IA,
stock AT IN" book value thereof. To any
other stakeholder or stockholders. prOyid
ed that. il the board of directors is un.
| abb" To sell said stock within thirty days
at ia" said book value. the stakeholder
| right to dispose of his or her stock shall
! become unrestricted. This provision shall
not apply [" any transfer or sal" of STOCK
whirh may he made within sixty days from
| the date hereof.
Done and passed, in my office at New
| Orleans. the day. month and year frs
! boVc written. in presence of MeSSrS. JOSEPH
| T.. Blum and pclvaille ii. Theard. compc
| tent witnesses. who have signed with IN,
! appear"rs and me, notary, after due read
| ing.
Original signed: l.. l.. DcBlanc, 4 For