The herald., 1921-11-17
CHARTER.

of Twenty Thousand (S2OOOOOOJ Dollars,
divided into and represented by, Two
| hundred shares of the par value Ot the
| Hundred (SIOO.U0D Dollars each. Said stock
! shall be paid for in cash or IT'S equivalent
As provided by law, and in such manner
and at such time and in such Instruments
rs NAV be prescribed by the Board OF Di-
| rectors The capital stock may be IN
! creased to one Hundred Thousand Dol,
| lars, to be represented Dy one thousanu
| shares of the par value or one huhlIcd
| tSIOOUO Dollars each. All stock OF TINS
| corporation shall be full paid ana non
| assessable, and shall be represented Dy
| certificates Of such form as the Boaru
of Directors may determine, signed by
| the President or ice-Presldent ana the
| Secretary. and sealed with the seal OF the
| ARTICLE V. The stock of this corpor-
alton may be transferred only on the
books OF this corporation ana suoJect
to such regulations and tormalities Us
may be prescribed from time 10 time u!
| the Board of Directors. No stOckhoIuer
Shall be permitted to sell or otherwlse
| dispose of his stock without first offering
| the same in writing TO the other STOCK
| holders through the Board of Directors,
| M a price not exceeding the book value
| thereof. and the stockholders shall nave
an option and first right TO purchase LOT
| cash all the shares of stock TO be thus
disposed of by sale or by the death,
| resignation sOr otherwise of any or the
| stockholders of the corporation. and shall
have period of ten days WITHIN Whlch u
accept or decline such offer OF stock.
| Upon the failure of the said Board or
Directors or the stockholders to exercise
within the time stipulated the opuOh thus
Granted Them the stockholders who desire
10 sell or otherwise dispose OF their stock
| Tor their heirs) shall he at liberty TO sell
or dispose Of their stock in such manner stt
and at such prices as they may see mt
But the stock of this corporation shail
be non negotiable and Notwithstanding
except under the conditions ana supu-
la:iOns hereinabove set forth, ana no
| transfer OF stock whatsoever shall be
binding upon this corporation until ana
unless made upon Its books
| ARTICLE VI.-The corporate powers OF
this corporation shall be vested in, ana
, exercised by. Il Board of Directors, COM
posed of not less than four nor more than
six stockholders. three OF whom snail ao
all times constitute n quorum Tor the
transaction of business. The DIRECTORS
of this corporation may vote IN person or
by written proxy at any OF the meetings
The first Board of Directors or TINS
company shall be composed or Ihe Ioi-
lowing: Arthur Regottaz, Jr., ,O3 N3rth
| Alexander street. New Orleans. La Wal
: ter Il. Moses 322S Carrollton avenue, New
Orleans. La;i Arthur RegOttaz. ST.. 20
. | Ridgley street. New Orleans. La. ElRln
Moses. 1914 DufOssat street, New Orleans
These directors shall serve until the
first Monday in November 1922 or untli
successors shall have been sbe Se
elected annually by the stockholders
Of meeting to be held on the
first Monday in November OF e shdi, yed hs
given fifteen days prior to the date there
=, of, in writing and shall be sent to each
J. stockholder at his last known ADDRESS;
I Each stakeholder shall at sucn ahhu a.
speciai be entitled in person or by
o proxy to one vote for each share OF STOCK
owned by him. Elections shall be heid
> under such rules and regulations as may,
| from time TO time. be prescribed by
= the Board of Directors ,o,,
= The Directors. when elected, shall mold
| office for one year, or until their success
ors shall have been elected and qualified
= and failure to hold the annual meetlne
OF stockholders or elect annually the ID,
- rectors shall not operate the 1orleitures %
Any vacancy occurring in the Board OF
Directors may be filled by the remaining
i Directors for the unexp1red term. o,
Immediately after their election eacI
y wear. the Directors shall meet and eiec
q from their number President; vice
e President, a Secretary and treasurer
= hold office until the first Monday in No
l. yember. 1922, or until their successor
lie have been elected and qualified. and shai
a. he: Arthur RegottaZ, Jr. president
e Walter r. Moses. ce-President; Arthu
d Regottaz, ST., Secretary; Elkln MOSES
re ARTICLE vII.-This Charter or act net, {. Q
,f INCORPORATION may be changed, modlfied
e, altered or amended by and with the con
ie sent of two-thfrds OF all OUTSTANDING
n stock at any meeting, general or sPecia !
r called for that purpose, subject ohly I
al mcb limitations as may be provided b
l. law. This corporation shall have IN
IN right to increase or decrease Its capita
We stock, as hereinbefOre set out, ana any IN
s. crease of the capital stock to an amour
I'd exceeding that named In Article ~
r the amount to which the capital stock ma
I'd be increased, may be made by tnre'
ne fourths vote Of all the outstanding stool
r ARTICLE vIII.-NOtice to any ana
t: meetings referred to in, this charter
OF | required by law, shall be given IN tn
lie manner provided for by the giving OF NJ
r.. tees in case of election, unless the sam
u shall have been waived. ,
tie ARTICLE IX.-In case OF the nguia'
rs ton, dissolution or termination Oh IN =,
by charter by limitation or otherwise. u
We affairs of this corporation SHAH
ID, Iiuuidated by one or more hquldatol
to elected by the stockholders who may pr
Id. vide the number of such liquidators, an
N. who may vest them with such power an
or authority as may by law be permitted, ~,
", who shall fix the terms and CONDITION
nd upon which they shall serve as Wen
ed their compensation, and who may provi'
ny that In case Of the disability OF any OF
to of said liquidators lif there are mo
rs than one) the remaining liquidators ms
ST. fill the vacancy or continue TO act on
Ike half of the corporation A.,
VS., ARTICLE X-No stakeholder OF IN
w Icorporation shall be liable or responsib
nd for any acts; liabilities; contracts usI
4 t,fo
nd stockholders, nor shall any mere INFO
ex- mality in its organization have the ere
Dr. of rendering this charter null or OF expo
ing a stakeholder to any liability peyoi
all the unpaid balance due on the STOCK ne
ms. by him. -.
gal ARTICLE XI-The subscribers here
ST. have written opposite their respecti
INT names the number Of shares subscribed
ce- by them and their post office address
9TH so that this charter may serve as I
subscription list Of the corporation.
ur- ARTICLE KILN consideration OF I
Or issuance Of Seven Thousand Five Hu
of bred (s7. 5OOO0) Dollars Of its capital sto
are this corporation may receive and IA
title TO the going business now being co
tn Quoted under the name Of the Regott
ale Marble Works at 500 North Hagan Az
md nue.. in the city of New Orleans, Loui
lch ana. including the merchandise. stock
for hand. cash. open accounts and other ass.
of of said business whatever. including
ent good will thereof. and all Of which ass
aid II are more fully described In the accur'
ind detailed and itemized description Of saI
the which Is hereto annexed and marked 1
the hibit al. and may assume the liabiht
'er- Of said business as set forth sald
,or- lhibit a.; all of which property o
assets. less said liabilities. have been
his praised By the parties herein named
nm the Board Of Directors Of said corpo