The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-04
CHARTER.

Tno conitaI stock of the Corporation
may be Increased to Two Hnh1fe e1, ""U
! Fifty Thousand Dollars (S-'''0'0."
Each share of stock shaiI Nv eT pToxy. to
! owner thereof, in person or oy Phi ,I1.at
! 49, ono vote for each share at All Aee'
! ings of stockholders. :, ILL
! ARTICLE ). No stockholder sha az This
or dispose of any of the stoch onoeraS
| fermentation without hrst ndNlhS Ghold
CorPoi g. sale TO the other stOckholu
arS nv a letter addressed to the $500
or TO the Board of Directors Oh ehv ron1sed
alton, naming therein tne io~ ropesed terms
nrice of said stock and the proposet - To-
~ liz After thirty days from tEe
CENT OF such written oiier' ahu ,harn TO
| of the stockholders, or any o. nr,,1o,sad
60 thc said stock upon the proPCESeui
PuIon'oS snia the owner OF the stock shaiI
I'm he at liberty to sell such slQCh Ia
, not less than the sali propoSeu 1TbiS ruls
upon the said PROPOSED ttLn's saI. or pro
shall apply TO eaCn sPo'AN
posed sale of stock. e
E Sbould any stakeholder pledge any ,ba
his stock he shall immedlattIy nU ,'nr,t ion
T remaining stockholders OF the SS 1p',d 70
| in yrriting through a letter addrtsScu 70
| -. president or the Board OF blIV, 'oi
| oS i'm the aforesaid case OF Il prOPoSSu
, of stbck of the fact OF such Pleue., IL
gether with the name anu auu n,,cb notifi-
2 pledgee and shall accompany SUI ;nStru
ration with copy of the act OF Ihe' ~
| mept of pledge; and before, OF uPoii,
default of the pledgor to meet ,he Indaed
t tion for which his stock stahus Pieu - Iii
: ~ toalbolders of the Corporation snail
he entitled to take up such pledSor opii
cation. and they shall be thereby sPeCIiai.iI
subrogated TO the rights OF the IN ali
, nIedgea or any subsequent pledge III "''
Whefe the stockholders of the corpora ora
tion are accorded either the rlSht vi e iP,
" chasing a shareh Older's stock, or OF la hlIs
!, mn his pledge obligation, as herelhaDoNe
scr forth. such right shall deyoNe upon
the said stockholders, hrst IN the p1poi,
ton of their individual holdings oI a sr
and then ratably among the rehalhlns
, stockholders should any particular SUR
> holder not elect to exercise MS rish ~ "m M
! so on until the right shall remain IN IN IN
= stOckhoIder. if all other stochnoiiurei'
j. Sb"n1d decide not to exercise the right
Il The Corporation shall make no transfer aIe
of stock where the provisions Oh tne Io, ,,
. going paragraph have not Deen Iu haty, also
b nIied with. and the Corporation shall aiso
;, hn entitled to demand and shall SO ue-
!, mand. of both the seller and the purchase ;. 4
d of stock in all cases, before mahIns q
: transfer of such stock upon the Dqoks OF
: tbe Corporation an affidavit as TO the
II amount truly paid for the stock. ana Iacts
y showing the entire bona NOES Oh lhe 'i""'
l. action. c,or,.ior
i shall he transferable only upon the DOCKS
r of the Corporation. and no transfer Oh 80 an
q stock shall be binding, or nave an en t.,
i'll upon the Corporation, unless, anu uhtiI
4. mad. upon its books; and a prior lien on
ali shares of stock shall be retained 10y
=. this Corporation on the STOCK OF an
m shareholder for any lnIeD'ea ariSsnred OF
:, created. due at any time TO the corpora
a. ton by the holder of stock, ana no Trans
- fer of stock shall be made IN cOhtraNeltIDIi
~, / of these conditions hereinbetore set lorth
L. ARTICLE G. All the corporate power,
. of said CORPORATION shall be vested IN ahC
a. exercised by a Board Of Directors com
81 posed of at least three (3) stockholuers
" 10 be elected at an annual meeting o
20 stockholders to be held on the First (ist
r. Monday in June of each year. All elec
e. tions shall be held under such rules Pegu
p lations may be determined oy boaI'
id of Directors. The directors thus electe'
NJ shall continue in office until their success
q sors shall have been duly elected am
~ qualified No failure to hold an election
p either of directors or officers. shall De re
garded as a forfeiture of this Charter. An!
I'm vacancy occurring on said Board OF III
Y, rectors shall be filled by the reinalhl ~
H. directors; the number OF directors may u
II Increased to not more than seven "a oil
p rectors at the discretion OF the Board o
D. Directors. Said Board of Directors shai
~ likewise elect the additional members o
said board in case they should determlh
To- to increase the number of the Board o
- Directors. as herein provided. said Boar
of Directors shall have the right AM
power To appoint and dismiss such CLERKS
assistants and other employees OF the Cor
IT. pOration. as conditions may JUSTIFY, or IN
is business may require, and the tenure o
at office of all such managers, clerks, ASSIST
MT ants and other employees Of this Coz
r. poratiOn shall be during the pleasure o
nv the Board of Directors.
ARTICLE Z. The first Board of ID
rector shall consist of the followln
directors: Frank b. Sullivan. John p. Sui
Ivan. Sylvan kronheim, and the mrs
officers of said Corporation shall be Fran
b. Sullivan as President, John p. Sulliva
as Vice-President, and Sylvan kronheim a
. Secretary Treasurer. who shall serve a
~ such until the First 1st) Monday in Junt
1922. or until their successors are dull
a. elected and qualified.
IF ARTICLE s. No stakeholder shall eve
= be liable or responsible for the indebted
OF ness, faults or defaults of this Corpora
nd ton, nor shall any mere informally in rh
OF organization of the Corporation have an
N. effect of rendering the Charter null, or G
Id exposing the stockholders to any liabilit
ed beyond the unpaid balance, If any on III
ew stock subscription.
of ARTICLE 8. Stockholders meeting f.
he the election of directors shall be held 5
mt the domicile of the Corporation after n
I'd, teen Q5l days notice in writing TO eac
re- stakeholder shall have been given by d.
IL posting said notice in the United Stat,
ate postoffice.
on ARTICLE TO- Whenever this Corpor.
rs, ton is dissolved, either by limitation
res for any other cause, its affairs shall
Tor liquidated by the Board of Directors, VIII
me are hereby vested with full power to sc
as any and all assets OF the Corporation
either separately or in bulk, and to col
OF vey full and complete title thereto, an
n, who shall have full power and to do an
all perform all acts necessary and prop,
OF fully and completely to liquidate Il
tie affairs and to distribute the proceeds,
nee any, among the stockholders of this Co
tie, poration, in accordance with the propo
nd tionate number of shares held by ea'
W; stakeholder.
sue ARTICLE IL. This Act of incorporate
TO may be amended, altered. or this Corpor
TO ton may be dissolved by a vote of tw
to thirds q ~ of the shares of the tot
se, amount Of stock~issued at a meeting co
eal, vened for that purpose after fifteen Il
ge, days notice in writing, mailed to the la
or known address of each stakeholder.
lgs Thus done and passed, at my Notari
or Office, in this city of New Orleans. sta
Gu of Louisiana, on the day. month and ye
TO above written in the presence of Myles
ons Byrns and NJ. r. Newhauser, compete
er- witnesses. who have hereunto signed the
len names. together with the appearer and III
ees Notary, after due reading of the whole.
IA DAVID SESSLER,
me Notary Public.
ich June 30-Aug. 4.
per