The herald. [volume] (New Orleans, La.) 1905-1953, 1921-12-15
CHARTER.

holder at his last known address Inc
directors thus elected shall continue IN
Office for one year. or until their success
sors shall have been duly elected ana
qualified No failure to elect shall be re-
garded as forfeiture of this charter;
Any vacancy occurring on said BOARD
shall be filled by the remaining directors
for the unexpired term; the said board
shall likewise elect the additional mem
bers in case they should determine 10
increase the number of said board. SAID
Board of Directors shall at its first meet
ing after its election, nominate out OF IT'S
number a president. yice-presldent ana
a secretary-treasurer. 1t may divide the
functions of the last mentioned onlcer
and may elect a secretary VINO neeu noi
be either q director or stockholder. Salu
board shall have the right to appoint ana
dismiss such clerks, managers ana otner
employees of the corporation, lncluulhs
the secretary who is not stockholder, as
conditions may Justify or the business
of the corporation may require. Inc
| tenure of office of all employees or the
| corporation shall be during the pleasure
] of the Board of Directors. Any OF the
directors shall have the right to appoint,
by written instrument. another director
| or stakeholder to act as his proxy anu
| in his stead at any and all meetings OF
| the Board of Directors.
| ARTICLE Vino stakeholder shall
ever be held liable for the contracts,
| faults or debts of said corporation, nor
| shall any mere informally in its organl-
| cation have the effect of rendering TINS
charter null or of exposing a stockholder
| to any liability beyond the unpaid oal-
ance due on the shares owned by him.
ARTICLE VII.-This act of incorpora,
ton may be changed, modified or altered
or this corporation may be dissolved
with the assent of the stockholders own
ing twO-thirdS Of all the stock OF lhe
corporation at general meeting con
| yeppd for that purpose, and after at least
| ton Low
has been given through mail addressed
to each shareholder at his last known
place of residence. In case OF dissolution
/, by the expiration of this charter or other
! wise. the stockholders shall elect thre'
liquidatOrs from among their NUMBER u
liduidate and settle the business ana al
; fairs of the company. In case or deati
= or disability of any one OF SAID commls
| siOners or liQuidatOrS, the survivors o
Z the remaining lquidatOrs shall appoint
successor TO him. The said hquidatOr
shall have full power to settle company
e affairs, collect outstanding debts, sell an
$ convey property, pay its debts, and dlvld
: the remaining money and propert
among the stockholders. They shall ais
have power to meet and act under Tn
II bylaws of the corporation ana unue
e regulations to be made by majority
!, said luQuidatOrs; to fix the price an
y prescribe the terms of sale of said prof.
IL erty. and the manner in which the sa
o shall be made, and take notes and bond
u secured by mortgage and otherwise IL
Z part of the purchase price for all or an
part of said property, provided, hOweve
that the rights herein conferred upon III
l. liquidators may be modified, changed
= denied by a majority of the shares
n, the capital stock of the corporation. III
oo said liquidators shall have authority
>, sue for and recover the debts and pro
~ erty in the name of the corporation al
- may be sued in the same name, and thu
u shall be liable in solido to any credit
-hnlA for
y erty of the corporation which shall cor
: to their hands or possession as liquid
cs tors and for the proper application al
~, ~ distribution thereof
,r ARTICLE VIII.-The entire capt.
Of | stock of this corporation has been su
& scribed Mt the time Of the signing of Il
10 | charter, as follows: Sam Silverste
he whose address is 442 s. Rampant sire
ms New Orleans, 54S shares; Leonard
King, whose address is 2SO1 Napole
tn, avenue, New Orleans, 200 shares; NJ
Sam Silverstein. whose address is 2
Napoleon avenue, New Orleans, / shal
and Frederick A. Schrewe, whose addr'
nd is 35O5 Magnolia Street, New Orleans,
er. share.
a ARTICLE IX.-Until the election to
act held in November, 1922, the follow
ers shall constitute the first Board Of Dir
or tors, viz: Sam Silyerstein, preside
Re Mrs. Sam Silverstein, vice-president;
ism Leonard NJ. King, secretary-treasurer.
Thus done and passed IN my oHlce
On, the day, month and year first alb
,oy written, in the presence of Frank
10Y Twomey and Joseph l.. Weiss. compel
witnesses, who have signed with the
bearers and me, the notary, after read
lac the whole.
ORIGINAL SIGNED:
- Sam Silverstein, 54S shares: Fred
DE- Schrewe. / share; Mrs. Sam Silverst
1 share; Leonard NJ. King, 200 shares.
oh. Witnesses: Il. b. Twomey and J.
,wn Weiss.
tha FELIX ]. DREYFOUS.
On Notary Publ
fore /, the undersigned Recorder of Nj
,lic, cages, in and for the Parish of Orle'
the do hereby certify that the above and 4
Or going act of incorporation of Sam Sill
ap- stems Department Store, Inc, was
ere day duly recorded in my office in
all 1858, Folio $50.
the New Orleans, November %, 1921.
ami tSigned) ROBT. SCOTT.
leu Deputy Recordt
IDLY true copy from the original act.
they FELIX ]. DREYFOUS,
by Notary Publ
ind. 205 L. & L. & G. Bid
well Dec. Jan. 5
join