The herald., 1920-07-01
CHARTERS.

dent shall direct and control the business
and affairs of the company, lie shal APP
point hire and discharge all clerks. agents !
and employees. and fix their salaries SUD I
ject to the approval of the Board. ne /
salary of the President shall he fiNed bE
the Board of Directors. The bOaru ol ~
reCtOrS may create an executive commit /
tee and shall have other committees as
may he deemed necessary ana uS"iul III
connection with the business OF the com I
pany. and prescribe the duties ANA powers
of the same. Director VINO Is about 10
depart from the city or who l. temporarily
absent thcrefrOm. may authorize ANY "'hti
Director to represent him during Su'h an :
Scncr. with the same powers that me
principal could cNcrcis" if present
non resident Director may appoint aHolh'f
Director TO represent him under IN" same
conditions and with like power IN the SUD
stitutc. The Board Of Directors OF inns
corporation who shall hold their "tilct
until the Both day of April. 1871. or uhtll
their successors are duly elected ana guam
fled shall be: Joseph W. Moses. NJ. =.
&. y. Worms. y. +. Alcu>. Mrs. Joseph W.
Moses. With the following as Officers "t
the company Joseph W. Moses; rr'NII-
dent: VI. i. SChrycr. Vice President. ).
| Turk. Secretary. There shall be Sc"re-
| tary. who shall perform the usual fnnc-
! tionS of such officer, and who nrcd not De-
| Il stakeholder, and who shall hOId ms
| office at tn" pleasure of tn" loard OF IN
| rcrtors. IL" shall furnish bond at the dis
erection of the Board. On the 10th day OF
| April. 1921. and annually thereafter. or on
| the day before should that day fall ON
sunday. meeting of Class \ stockhOld-
| erS for the election of Directors shall he
held at the office OF the company. III"
| Directors thus elected shall continue III
office for one year. and shall hold Office
| until their successors are duly elected ana
| qualified. Each Board shall elect its own
| officers viz: Il President one or more
| Vice Presidents and Secretary and Treas
urcr. The offices of Secretary and of
| TrraS urrr may be combined. The PreSl-
dent shall also be general manager. of the
! corporation. All elections for Directors
shall be by ballot and the majority of
the votes cast shall elect. and each share
! of stock shall be entitled Ia one vote.
| either in person or by proxy. Written
notice of this election shall he given To
each Class \ stakeholder 10y the Secretary.
stating the hour and shall be sent by reg
iStrrrd mail or by notice, a"knOw lodged
| in writing. at least five days prior to the
date fixed for the election. to such address
a. the stockholders shall have registered
with the company. and i'll default thereof,
to his last known residence. No other
notice shall be necessary.
| ARTICLE VINO stock. either Class y
or Class l.. shall be sold or transferred
until same has been offered at fixed
price. in writing. to the President Of III"
company. 1t shall be his duty upon re
cript of such notice To notify. in writing,
the holders of Class and Class II stock
of such offer, and il shall Ice the duty OF
such holders. within seven days after mail
ing of such notice, to bid for said stock,
if they desire to purchase the same. If
no offer has been made for said stock, the
President shall have the right TO offer
said stock for sale and he shall have the
right to dispose of same to any purchaser
AT not less than the book value of said
stock offered for sale, as established by
the last annual inventory. If no offer is
made for said stock within fifteen days
after the notice herenabove required To III"
given by the holder of his desire to sell the
said stock. said stakeholder shall have III"
right TO dispose of same at pleasure.
ARTICLE VII.-The fiscal year of this
corporation shall end on the Both day of
April in each year, and II shall be the
duty of the Board of Directors TO have
ready on that day balance sheet show
ing the condition of the company. which
shall be read at the annual meeting of the
holders of Class y stock and entered INTO
the minutes of the proceedings OF the
same. and said balance sheet shall bind
all stockholders. whether of Class y or
Class Il stock, for all the purposes herein
prescribed in Article VI.
ARTICLE VIII.-AlI meetings of holders
of Class \ stock or of Directors, and all
meetings not expressly required by law
TO be otherwise. shall be held after not
less than four days written notice, ac-
knOwledged in writing or sent by regis
tered mail; but the directors may be
called together at any time by the PreSi-
dent without this formality when he con
, siders that necessity requires such meet
! ing.
ARTICLE IN.-The capital stock of this
, corporation may be increased to the sum
! of SSJ0.O00.O0 by a vote of twO-thirdS OF
! Glass \ stock. either at an annual meet
: ing or at special meeting held for that
! purpose. The capital stock of the corpor.
' alton may be decreased in such manner
: and under such provisions as the law may
provide.
ARTICLE X-This act of incorporation
may be changed altered or modified, oil
5 | the corporation may be dissolved with the
: | assent of three-fOurths of holders OF ClaS'
d \ stock. represented at any general o,
special meeting of the holders OF class :
stock convened for that purpose.
| NDTJCI NI-Whpnpypr This rOrpOrH
n ton IS dissolved, either by limitation. b!
f forfeiture of its charter or from any othe
!. cause, its affairs shall be liquidated b!
n two commissioners. TO be appointed by tn
% holders of Glass \ stock mt meetini
70 convened for that purpose, and this seiec
/ ton shall be made at the same meetini
at which the corporation is dissolved. Sal,
commissioners shall remain in office unit
.; the affairs of said corporation have bee
q fully liquidated. In the event of the dealt
of either of the commissioners. the suryi
II vOr shall continue to act. The holders q
Class a stock may at the time of the ap
pOintment fix the salary or compensate
TO be paid to said commissioners, but thei
L failure to do so shall not be construed {
$, be denial of the right of said commits
Al siOners to claim a fair compensation in tn
a premises.
of Article NV to be amended to read a
follows: ANY delays herein prescribe
for meetings of Directors or stakeholder
may be waived by the written or tel,
holder"
And said appearer further declared thS
he is authorized, empowered and directe
v to sign and execute all necessary &C,
and proceedings to carry out and to effe'
the said amendments: and that he doc
u now appear before me, Notary, in ordt
w to make proper nOtarial record OF sal
tn amendments. and to have same recorde
of as required by law; all of which Will MOI
1d fully appear by reference to a certifie
he copy of the minutes of said stakeholder
ed meeting. attached hereto for reference.
] the city of New Orleans. on the day, mont
ed This done and passed in my office,
nd and year herein first above written, in q
". presence of Ralph j. Schwarz and Morr
'e- Il. Redmann, competent witnesses, wi
IL hereunto sign their names, with the sal
aS, appearers and me, Notary, after due rea'
IS ing of the whole.
ed Original signed.) Joseph w. Nose
tie President.
ix Witnesses; Ralph J. schwarz, Morr
re. WILLIAM J. GUSTE. Notary Public.
of (Seal)
lp- ] hereby certify that the above and for
he going is a true and correct copy of Il
is original on file in the records of my Off
,r- ut New Orleans, Louisiana.
ne. WILLIAM J. GUSTE, Notary Public.
ed i, the undersigned Recorder of Nor
in cages for the Parish of Orleans State
,ly Louisiana, do hereby certify that Il
III above and foregoing act of amendment
of charter of the United China & Glass Cor
as pany was duly recorded in my office
Book 1912, Folio 1856.
,is New Orleans Louisiana. this 18th day
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