The herald., 1921-11-10
CHARTER.

CHAhTEh.
shall be exercised by a board Of directors
composed of three stockholders, the mem |
bership of which may be increased to a
number not exceeding seven, by the
board of directors at any of its regular
meetings. majority of the directors
shall constitute a quorum for the trans
action of all business. The directors shall
be elected annually by ballot on the first
Tuesday in November in each year. Each
stakeholder shall be entitled, in person
or by proxy, to a vote for every share
owned by him and all elections shall be
held under such rules and regulations as
may be determined by the board of direc
tors, after fifteen days notice by mail
of such election shall have been sent to
each stakeholder at his last known ad
dress. The directors thus elected shall
continue in office for one year, or until
their successors shall have been duly
elected and qualified. No FAILURE to
elect shall be regarded as a forfeiture of
this charter. Any vacancy occurring on
said board shall be filled by the remain
ing directors for the unexpired term; the
said board shall likewise elect the addi-
tional members in case they should deter
mine to increase the number of said
board. Said board of directors shall at
its first meeting after its election. nomi-
nate out Of its number, president. a
vice-president and a secretary treasurer.
1t may divide the functions of the last
mentioned officer and may elect secre
tary who need not be either a director or
stakeholder. Said board shall have the
right to appoint and dismiss such clerks
managers and other employees of the
corporation. including the secretary who
I is not a stakeholder, as conditions may
! justify or the business of the corporation
may require. The tenure of office of all
the employees Of the corporation shall be
! during the pleasure of the board Of d.
: rectOrS. Any of the directors shall have
the right to appoint. by written instru-
ment. another directors or stakeholder
| to act as his proxy and in his stead at
any and all meetings of the board OF
| directors.
| ARTICLE Vino stakeholder shall
| rver be held liable or responsible for the
| contracts faults or debts of said corpor-
it's organization have the effect of rem
dering this charter null or of exposing
a stakeholder to any liability beyond the
unpaid balance 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 the cor
pOratiOn at general meeting convened
for that purpose. and after at least ter
days written notice of this meeting has
been given through mail addressed Il
each shareholder at his last known place
of residence. In case OF dissolution D!
wise the stockholders shall elect three
liquidators from among their number, u
liGuidate and settle the business and ar
fairs of the company. In case or deati
or disability of any one of said commits
sioners or liquidatOrs, the survivors o.
! the remaining liQuidators shall appoint
, successor to him. The said liquidator
: shall have full power to settle the com
, pany's affairs. collect outstanding debts
, sell and convey property, pays Its debts
, and divide the remaining money an6
property among the stockholders. the
shall also have power to meet ana &c
under the bylaws Of the corporation an
. under regulations to be made by ma
! iority of said liuuidators; to fix the pric
and prescribe the terms of sale or sal
property. and the manner In which IN
e sale shall be made. and take notes an
!. bonds secured by mortgage, and other
! wise. for part of the purchase price 10
+, all or any part Of said property, provided
d however that the rights herein conferre
i upon the liquidatOrs may he modiflet
: changed or denied by majority OF On
n shares Of the capital stock OF the CO.
: noration The said liquidators shall hay
i the authority to sue for and recover N
i debts and property in the name or tn
corporatiOn and may be sued in the san
e name. and they shall he liable In Solo
= to any creditor or stakeholder for q
K monies and property of the corporate
4. which shall come to their hands or pc
session as liquidators and for the prop
O application ana nlStrlbutioH 'heie'i-
,, ARTICLE VIII.-The entire capri
; stock of this corporation has been sn'
% scribed at the time Of the signing OF IN
!. charter as follows: John Ernest Stan'
>. whose address is Metairie Ringe' re
ferson Parish La. so shares: Mrs. Ka
= KIumpp- Stahel. whose address is Metair
~ Ridge Jefferson Parish. La. $50 share
in and Harry F. Stahel. whose address
4 Metairie Ridge, Jefferson Parish, La
In 80 shares.
~ ARTICLE IX-Until the election to
~ hold in November 1922. the followiI
y shall constitute the first board of dire
TORS, viz: John Ernest Stahel, presiden
u Mrs, Kate Klumpp- Stahel. vice-pres
j. dent. and Harry F. Ssahel, secretar
treasurer. an,
= Thus done and passed in my offit
- on the day. month. and wear ftrst ano
Z written. IN the presence of Frank b. Nv
% =. mey and Joserh T.. Weiss. comDetent W
NJ nesses who have signed with the a
a. hearers and me, the notary, after readii
In the whole. s...., ,
's' shares: Y. F. Stahel. 80 shares harry
Stahel so shares.
r. FELIX J. DREYFOUS.
Notary Publ
7 the undersigned. Recorder o. MO
&C. Cages in and for the Parish ot orieal
do hereby certify that the above ana 70,
goinp act of incorporation OF v. ;. Sta,
Co Jnc was this dav duly record
. In INV office in Book 12RS Folio -.
n my fSigned) ROBT. SCOTT.
n Deputy Record
ha .,o oonv from the ORIGINAL act:
nd FELIX J. DREYFOIS