The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-24
CHARTER.

Secretary, and sealed with the seal of the
corporation.
alton may be transferred only on the
| hooks of this corporation and subject
to such regulations and formalitles as
NAV be prescribed from time to time by
tb. Board Of Directors. No stockhO!der
Shall be permitted to sell or otherwise
DISPOSE Of his stock without first offering
the same in writing to the other stock
holders through the Board OF Directors,
nj a price not exceeding the book value
thereof and the stockholders shall have
an option and first right to purchase for
cash all the shares OF stock TO be thus
disposed of by sale or by the death,
resignation or otherwise of any Of the
stockholders of the corporation, ana shall
have a period of ten days within which TO
accent or decline such offer OF stock.
| Upon the failure OF the said Board Of
Directors or the stockholders TO exercise
| within the time stipulated the option thus
granted them the stGGknoiaea rs mo mo uGsire
| Tor their heirs) shall be at liberty to sell
| or dispose of their stock in such manner
and at such prices as they may see nj
But the stock of this corporation shall
! be non-negotable and Notwithstanding
except under the conditions and stipu-
la.ions hereinabove set forth, and no
| transfer Of stock whatsoever shall be
binding upon this corporation until and
| unless made upon its books.
ARTICLE VI.-The corporate powers Of
this corporation shall De vested IN. ana
| posed of not less than four nor more than
six stockholders. three Of whom shall, at
all times constitute a quorum Tor the
| transaction OF business. The Directors
of this corporation may vote in person or
by written proxy at any OF the meetings
Of the Board of Directors.
The first Board of Directors of this
company shall be composed Of the fol-
lowing: Arthur Regottaz, Jr., 7O3 North
Alexander street. New Orleans. La; Wal
ter b. Noses 322S CarrolltOn avenue New
/ - RpQOttaZ
Ridgley street. New Orleans, La; Elkin
Moses, 1914 Dufossat street, New Orleans,
La.
These directors shall serve until the
first Monday in November. 1922. or until
their successors shall have been elected
and qualified. The directors shall be
elected aR1Tay toy b the hsG Cn ths
first Monday in November OF each year.
Notice of such meetings shall be
given fifteen days prior to the date there
stakeholder at his last known address.
Each stakeholder shall at such annual
meeting or other meetings, general or
special be entitled in person or by
proxy to one vote for each share Of stock
owned by him. Elections shall be held
, under such rules and regulations as may,
from time to time, be prescribed by
the Board of Directors
, The Directors, when elected, shall hold
office for one year, or until their success
ors shall have been elected and qualified,
OF stockholders or elect annually the d.
. rectors shall not operate the forfeiture of
. this Charter or of any rights hereunder.
Any vacancy occurring In the Board OF
, Directors for the unexpired term.
Immediately after their election each
year, the Directors shall meet and elect
f. from their number President. Vice
President, a Secretary and a Treasurer
The first officers of this corporation shall
hold office until the first Monday in No
t have been elected and qualified, and shall
be: Arthur Regottaz, Jr:,, President
Walter Il. Moses. Vice-President; Arthur
Regottaz, ST., Secretary; Elkin Moses
Treasurer.
ARTICLE Widths Charter or act OF
incorporation may be changed, modified
I. altered or amended by and with the con-
! sent of two-thtrds of all outstanding
: | stock at any meeting, general or special
: called for that purpose. subject only to
: such limitations may be provided by
5 law. This corporation shall have tbs
' right to increase or decrease its capital
:, | stock, as hereinbefore set out, and any in
crease of the capital stock to an amount
exceeding that named in Article ~ as
;. the amount to which the capital stock may
be increased, may be made by a three
fourths vote of all the outstanding stock
ARTICLE vIII.-NotIce TO any and al
= meetings referred to in this charter oil
required by law, shall be given in tbs
. tees in case of election, unless the same
: shall have been waived.
v ARTICLE KIN case of the liquida
4 ton, dissolution termination of thii
as By sbs OF sbs tS
: liQuidated by one or more iquidator'
= elected by the stockholders who may pro
e vide the number Of such liquidators, anC
/, who may vest them with such power anC
e authority as may by law be permitted, anC
d who shall fix the terms and conditions
: upon which they shall serve, as well al
( that in case Of the disability of any on'
!. Of said liQuidators tif there are NOR,
g than one) the remaining liquidators ma!
b fill the vacancy or continue to act on be
: half of the corporation.
4 ARTICLE X.-NO stakeholder Of THU
: corporation shall be liable or responsible
a for any acts, liabilities, contracts, debt
e or faults of this corporation, or any of it
! stockholders, nor shall any mere infor
d mality in its organization have the effec
: of rendering this charter null or Of expos
d Ing a stakeholder to any liability beyonC
e the unpaid balance due on the stock hell
: by him.
!: ARTICLE XI.-The subscribers heret,
Il have written opposite their respective
: by them and their post office addresse
J. so that this charter may serve as tn
e subscription list of the corporation.
IS ARTICLE XII.-In consideration Of tn
e dred $7.5000O Dollars of it's capital stocl
1, this corporation may receive and tax
o ute 10 the going business now being con
l. Quoted under the name OF the Regotta
4, Marble Works at 500 North Hagan Ave
n nue., In the city Of New Orleans, Louisi
:, ana. including the merchandise, stock Of
hand, cash, open accounts and other asset
d OF said business whatever, including tn
v good will thereof, and all Of which asset
o are more fully described in the accurat
5 detailed and itemized description Of same
l. which is hereto annexed and marked Elk
70 hibit "A, and may assume the liabilitie
s, OF said business as set forth said ex
= hibit a.; all of which property an
d assets, less said liabilities. have been ap
II praised by the parties herein named a
d the Board Of Directors of said corpora
Z ton as having an actual cash value of a
p least s7,5OOOO.
Thus done and passed at my office Il
n the City of New Orleans, on the day
. month and year herein first above writ
Il ten. ia the presence of Messrs. Eldon s
= Lazarus and George W. Simons, compe
n tent witnesses, who have hereunto signe
a. their names with the said appearers an
n me, notary, after due reading of tn
IL whole.
Original signed): Elkin Moses A. Re
+ gottas, Jr., Arthur Regottaz, ST., Waltz
? B. Moses.
u HERBERT s. WE'LL
e Notary Public
(witresses): Eldon s. Lazarus, Geo. "
l. Simens.t
lie /, the undersigned Recorder of Mort
q cages, in and for the Parish Of Orleans
n state Of Louisiana, do hereby certify tina
" the above and fOrepoinp Act nf Incornora