The herald. [volume] (New Orleans, La.) 1905-1953, 1920-12-16
CHARTER.

3. The remainder of said capital stock
so subscribed shall be paid within twelve
Q2) months from this date, either in cash
or in property received by the corporation
at such value as may be liked by the
Board of Directors, and at such time as
the Board of Directors may determine.
4. The remainder of the authorized cap
ital may from time to time be issued by
the Board of Directors at not less than
par, either for. cash or for property re
ceived by the corporation at such value as
may be fixed by the Board of Directors.
;. No transfer of the capital stock shall
be made except upon the books of this cor
poratiOn upon surrender of the OutStand-
ing certificate and pursuant To such rules
and regulations as the Board of Directors
may adopt, and neither sale nor other dis
position of said stock shall be made 10y
any stakeholder without first Offering the
same in writing for period of thirty l5u
days, through the Board of Directors. to
the other stockholders ut a price equal TO
the book value as shown by the last pre-
ceding inventory.
g. The capital stock of this corporation
may be increased to six hundred thousand
($6OOOOOOOl dollars.
ARTICLE VI. All the powers of this
corporation shall be vested in and eNcr-
cised by a Board of not less than three nor
more than seven Directors, elected by tho
stockholders at the annual meeting which
shall be held on the first Monday of De
cember of each year. Each OF the DircC-
tors shall own at least one share of TIA,
capital stock standing on the books OF this
corporation in his own name. The Hrs,
annual meeting shall be held on the fr>,
Monday of December, 1921, until whic
time the officers and directors named il
this charter shall continue TO act ana ~
I'll their successors are elected and Qu.
ned. At each annual meeting of the safe
stockholders, the stockholders shall el-,I
Board consisting of as many Directors
from three TO seven as they may desire
ana should they elect less than seven, the
Directors 50 elected shall have the power
AT any time to increase their number up
10 the maximum number herein provided .
ana all vacancies in the Board of Directors
may De hlled by the remaining Directors.
>. Any Director may be represented at
any meeting by any other stakeholder. 10y
written proxy. Immediately. or as soon a.
practicable after their own election tn,
Board of Directors shall elect Prc>i
dent, Vice President and Il Secretary
Treasurer. The failure to hold the an
hual meeting and TO elect Directors shall
not affect this corporation nor impair H..
management. but the Directors and officers
in office shall continue in office until L..
successors are elected.
3. The first Board of Directors and off
GERS OF this corporation and their po>tOtfic,
addresses are rs follows. Marcus Salmon.
New Orleans. La, President; Charles Rus-
en-. New Orleans. La. Vice President .
Elkin Moses, New Orleans, La. Secretary
Treasurer.
t. The office of the Secretary Treasurer
may at any time be divided by the stock
holders into the office of Secretary and the
Office of Treasurer. and. in such event, the
Secretary need not be member of the
Board
:. The Board of Directors NAV make.
amend and repeal all bylaws for the regu-
lation of the corporation.
ARTICLE VII. This Act Of Incorpor-
alton may be modified, changed or alter,
or said corporation may be dissolved in
accordance with the law of this State.
>. Notice of the holding of any meeti
of the stockholders for any purpose IN;
be waived by the unanimous consent of a.
the stockholders.
3. In case of the dissolution of the cor
poratiOn its affairs shall be liquidated by
one or more liquidatOrs elected by ma
JOrity vote of the stock present or repre-.
scented at said meeting, and said Hqui-
datOrs shall have such powers. compensa-
tons and duties as the stockholders may
determine.
ARTICLE Vino stakeholder shall
ever be held liable for the faults or con-
tracts of this corporation in any further
sum than the unpaid balance due to the
corporation on the shares subscribed by
him, nor shall any mere informality have
the effect of rendering the charter null or
OF exposing any stakeholder to any liabil-
ity beyond the unpaid balance due on his
stock.
ARTICLE VIII.-The subscribers hereto
have respectively written opposite their
names the amount of stock subscribed by
them in this corporation, so that this act
of incorporation may also serve as the
original subscription list of the corpora
ton, and they have stated their pOstoffce
addresses ~ - will Aafp
of 1914.
Thus done and passed at my office. in
the City of New Orleans, State of Louis
lana, on the day, month and year herein
first above written, in the presence of +.
NJ. Robberts and l. J. Barrios. competent
witnesses, residing in this city. who haV,
hereuntO signed their names with said ap-
bearers and me, Notary, after due reading
of the whole.
Original signed Marcus Salmon. 524
Magazine street, New Orleans. La, (1iSUl
fourteen hundred eighty shares: Charles
Rosen, 1920 Whitney Bank Bldg. New Or
leans. La, (10) ten shares; Elkin Moses,
610 MasOn Blanche Bldg, New Orleans,
La, 1O) ten shares.
Witnesses: E. NJ. Robert, 7. J. BarriOs.
SCOTT f. BEER.
Notary Public.
I, the undersigned, Recorder Of Mort
cages, in and for the Parish Of Orleans.
hereby certify that the above and fOregO-
ing Act of Incorporation of Vesoul Realty
& Investment Co, Inc, was this day dulN
recorded in my Office in Book 1916. Folio
-. New Orleans, La, December Sth,
1920
/, the undersigned Notary, hereby Ger
tify that the above and foregoing is true
and correct copy of the original charter
of VesOul Realty & Investment Co. Inc,
together with the certificate of the Re
corder of Mortgages thereon.
SCOTT -. BEER.
Notary Public.
Dec. 16-Jan. 90.
AMENDMENT TO CHARTER OF
GABRIEL PINE PRODUCTS, INC.