The herald., 1921-09-15
led ASH cAHAsA ABLAZE COAL
xs% sHARFENSTEiN SON e.,sHHsz
NO CLINkERS
1921
CLARA STREET
CHARTER.

common stock said capital stock is to he
laid for as the law provides in cash. or
the same may br issued at not less than
par in payment or exchange FOR property
rights actually received or purchased bE
said corporation III accordance with law.
The holders Of the preferred stock shall
hc entitled TO receive dividends at the rate
OF seven per cent t4t.D per annum, pay
able Srmi-auuually on such dates as may
he determined by the board OF directors,
out Of any and all surplus or net profits
before any dividends shall b" declared, set
apart for or paid upon the common stock.
Said dividends on the preferred stock
shall be cumulative. SO that If the corpora
tiou shall fail in any fiscal year 10 pay
such dividends on all OF the issued and
outstanding preferred stock. such dehci-
eucy In the dividends shall be fully paid,
but without interest. before any dividend
shall be declared, set apart for or paid
upon the common stock. Subject TO the
foregoing provisions, the preferred stock
shall not be entitled TO participate in any
other or additional earnings or profits of
the corporation.
In the event Of the dissolution or liqul-
datiou Of the corporation. or the sale Of
all its assets. whether voluntary or invol-
untary. or in event Of its insolvency or
any distribution Of its capital, there shall
br paid to the holders Of the preferred
stock the par value thereof tO-wit: one
hundred dollars tSlnon) per share. ana
the amount Of all unpaid accrued dividends
any assets distributed among the holders
of the common stock: and after the pay
ment to the holders Of the preferred stock
Of its par value and the unpaid accrued
dividends thereon, the remaining assets
and funds Of the corporation shall be d.
yided among and paid to the holders or
the common stock according 10 their re-
SppytiVp shares.
The board OF directors may in their dis
erection declare and pay dividends on the
common stock concurreutly with dividends
on the preferred stock for any dividend
period of any fiscal year, when such
dividends are applicable to the common
stock. provided that all accumulated divi-
dendS on the preferred stock for All pre-
vious fiscal years and all dividends on the
preferred stock for previous dividend
periods of that fiscal year shall have been
paid in full.
The preferred stock Of said corporation
and the common stock shall have the same
voting power. tO-wit: one On vote for each
share of stock. which vote may be cast
| hv the stakeholder in person or by proxy
at all general elections or meetings or
| the stockholders, and the aforesaid proxy
| need not be a stakeholder of the corpora
| ton.
| ARTICLE V-The powers Of this cor
| poration shall be vested in and exercised
| by board of three directors, two of whom
| shall constitute quorum. The tOHowlhg
persons shall constitute the first board OF
| directors: G. u. Grecnleaf Elkhart. In
| diana: Harry Meyers. 1927 Esplanade ave
| nue. New Orleans, La; Rene Solomon, 40
| Audubon boulevard, New Orleans. La. with
| &. u. Grecnleaf president. Rene Salo-
| mon as vice president and Harry Meyers
as secretary treasurer.
Said board Of directors and oaicers
| shall continue in office until the second
| Tuesday in the month OF January, n. u
| 1922. on which date, and annually there
| after. their successors shall he elected, I'M
less said date be holiday, in which event
the election shall be held on the next legal
day thereafter.
| FaiIure to hold an election on the day
specified shall not dissolve the corporation.
hut the directors shall hold their respec-
tive Offices until an election shall be held
after thirty days notice OF the time ana
place thereof mailed to such stakeholder
of record at his asst known address.
| ARTICLE VI-The names and postohice
addresses of the subscribers of these ar
ticles of incorporation and a statement OF
the number of shares OF stock which each
agrees to take in the corporation are as
follows: G. ID, Greenleaf, Elkhart, lndi'
ana 30 shares preferred, - shares COM
mon Harry Meyers. New Orleans, Louis
lana, "a shares common; Rene Solomon,
New Orleans, Louisiana, l share common.
The remaining capital stock not at pres
ent subscribed may be issued from time
| to time by the vote, at any annual or
| special stockholders meeting, of three
/ fOurths of all the then outstanding stock.
| ARTICLE VII-Whenever this corpora
ton is dissolved, either by Limitation, or
| for any other cause, its affairs shall be
liquidated by the board of directors, who
/ are hereby vested with full power to sell
any or all assets of the corporation, either
| separately or in a mass, and to convey full
| and complete title thereto, and shall have
! full power to do and perform all acts
necessary and proper to fully and com
plctely liquidate the affairs and distribute
| the proceeds, II any, among the stock
! holders of this corporation to the amount
of stock held by each.
/ ARTICLE VIII-This act OF incorpora-
| tion may be amended, altered and modt-
| fed, or this corporation dissolved, In the
manner provided by law.
Thus done and passed, In my notarial
| office. in the City OF New Orleans, on the
day month and year first above written.
| in the presence OF Andrew II. Martinez
| and Louis G.. Lemle, competent witnesses,
who hereunto sign their names, together
with the parties hereto and me, notary,
after a reading of the whole.
| Witnesses: Andrew II. Martinez, Louis
| G.. Lemle.
G. u. GREENLEAF, Trustee,
BY Gustave Lemle.
HARRY MEYERS,
| RENE SALOMON.
SELIM u. LEMLE,
Notary Public.
true and correct copy Of the original