The herald., 1920-08-26
CHARTER.

this corporation, but the directors then In
office shall remain in office until their
successors are elected and qualified. Due
notice Of another election shall forthwith
be given as above provided for, and such
notices OF election shall be continued TO De
given until an election is had.
ARTICLE Wat its first meeting, each
board of directors shall elect from Its
membership a president and one or more
vice presidents, who, without numeral
designation, shall rank in the order IN
which they are elected; it shall also ap-
point a secretary and a treasurer and may
appoint one or more additional Vlce-presl-
dents neither OF whom need be either
stakeholder or director, but may be elther
stakeholder or director or other officer,
and it may, If IL see fit. appoint one per
son to be secretary and treasurer, ana
shall. from time to time, as 1t sees Ut,
appoint or employ such other employees
as il shall deem necessary. The Board OF
! Directors shall have full power and au-
| thOrity TO fix the salaries OF all officers
| and of all such other employees as II may
| deem necessary, and 10 make and establish,
| as well as to alter and amend all bylaws.
rules and regulations necessary and proper
| for the conduct and management OF the
| business and affairs of this corporation
not inconsistent with this charter; it shall
| also have full power and authority to do
| all acts aud things reasonably necessary
| for the proper carrying on OF the business
| OF this COrpOration.and to carry out the ob-
iects and purposes for which this corpora
| ton il organized. including the borrowing
| of money necessary for the ordinary bust
| ness operations OF this corporation, ana
| through the president or some other duly
| authorized person or persons 10 execute
and issue therefor notes or other obliga-
| tionS of this corporation on such terms as
| in its judgment may be advantageous; ii
| shall also have full power and authority TO
| issue and deliver full paid shares of stock
| of this corporation for money, labor, ser
vices, property or rights actually received
| by this corporation, and to fill all vacan-
| CieS that may occur in its membership. n
ma jority of the directors present either In
person or by proxy shall constitute a
| quorum for the transaction of any bust
ness, and at any meeting of the board any
director sbsent therefrom may be repre-
| scented by proxy.
| ARTICLE VII.-Until the first annual
| election for directors to be held under this
| charter, or until their duly-qualtfied sue
! ccSsOrs are elected and installed, the Board
| Of Directors of this corporation shall he
| composed of: Alvin ID. Goldman, whose
! poStoffice address Is st. Louis Mo; Harry
Lesser, whose pOstoffice address is ST
| Louis. Mo; Morris Wolf. whose pnStofficC
| address is New Orleans La. Albert j
| Wolf. whose postOffice address is New Or
| leans. La. with Albert J. Wolf prcsi-
dent and Alvin ID. Goldman as vice presi-
| dent.
| ARTICLE VIII.-This charter may b,
| amended and the capital stock OF this cor.
| poration may be increased or decreased oI
| this corporation may be dissolved and it,
| affairs iquidated in the method and man
ner provided by law, as now or hereafter
| in force.
ARTICLE IX.-No stakeholder Of thi:
corporation shall ever be held liable or re-
| SponSible for the contracts or faults of thi'
| corporation in any further sum than tn,
| unpaid balance on the stock for which h'
has subscribed, nor shall any mere infor
mality in organization have the effect o.
| rendering this charter null or Of exposing
a stakeholder to any liability other than as
above provided.
Thus done and passed, in my office a
the City of New Orleans, La. on the day
month and year first above written, in tn,
presence of Irving r. Saal and Chloe Gall
mann, competent witnesses, who hereuntt
sign their names with said appearers and
me. Notary, after due reading Of th'
whole.
OF subscribers, and number Of shares o.
stock which each agrees to take:
/. Albert ]. Wolf, New ORLEANS, La, 99'
shares.
2 Morris Wolf. per Albert J. Wolf, New
Orleans. La. 10 shares.
3. Alvin u. Goldman, per Albert J
Wolf, st. Louis. Mo-, 500 shares.
4. Harry Lesser, per Albert j. Wolf, st
Louis Mo. 500 shares.
Witnesses: l. II. Saal, Chloe Gallman.
X. ii. SAAL,
Notary Public.
/, the undersigned. Recorder of Mort
cages in and for the Parish of Orleans
State of Louisiana, do hereby certify tina
the above and foregoing act of incorpora
ton of the Albert J. Wolf Co., Inc. wal
this day duly recorded in my office il
Book l242, Folio 6S4. New Orleans, Lou
isiana, August End. 1920.
EMILE J. LEONARD. by. r.
A true copy: New Orleans. La. Angus
9th, 1920. X. II. SAAL,
(SeaD Notary Public.
| Aug. 12-Sept 49,