The herald., 1921-11-24
CHARTER.

NT1Af EN-.
shall be exercised by board of directors
composed of three stockholders, the mem
oership 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 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
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, a president, a
vice president and a ecretary-treasurer.
1t may divide the functions of the last
mentioned officer and may elect a secre-
II
stakeholder. Said board shall have the
right to appoint and dismiss such clerks,
managers and other employees of the
/ corporation. including the secretary who
is not a stakeholder. as conditions may
l Justify or the business OF the corporation
1 may require. The tenure of office of all
| the employees of the corporation shall be
| during the pleasure of the board of di-
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
1 directors.
| ARTICLE Who stakeholder shall
| >ver be held liable or responsible for the
| contracts, faults or debts of said corpOr-
| alton. nor shall any mere informality in
| its organization have the effect of rem
| dering this charter null or OF exposing
Il stakeholder to any liability beyond the
| unpaid balance due on the shares owned
by him.
| ARTICLE VII.-This act OF incorpora-
ton may he 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 n general meeting convened
for that purpose, and after ut least ten
days written notice OF this meeting has
| been given through mail addressed tc
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 three
liauidators from among their number, e
lGuidate and settle the business and af
fairs of the company. In case or deatf
| or disability Of any one of said commits
siOnPrs or liquidators. the survivors Of
. the remaining liquidators shall appoint l
, successor to him. The said liquidatOr
, shall have full power to settle the com
, pany's affairs. collect outstanding debts
j sell and convey property. pays its debts
, and divide the remaining money anC
1 h. oNa
| shall also have power to meet and &C
under the bylaws of the corporation an
, under regulations TO be made by ma
jority of said liquidators; to fix the pric
9 property. and the manner in which tn
e sale shall be made. and take notes an
: bonds secured by mortgage, and other
WISE for part of the purchase price 70
/, all or any part Of said property. provided
1 however. that the rights herein conferre
: upon the 1iquidators may be modlfieC
changed or denied by majority OF tn
shares of the capital stock of the col
poration The said liquidators shall hav
the authority to sue for and recover tn
debts and property in the name OF IN
corporation and may be sued in the sam
9 name and they shall be liable In solid
: to any creditor or stockholder 1or IN
k monies and property Of the cOrporatio
|, which shall come to their hands or pos
session as liquidators and for the prope
!. application and distribution thereof .
= | ARTICLE NllI.-Ine entire Ndpils
|, stock Of this corporation has been sui
g scribed at the time of the signing OF tn
!, charter as follows: John Ernest Stahe
}. whose address is Metairie Ridge. Je
fprson Parish La. so shares: Mrs. Kat
n Klumpp- Stahel, whose address IS Metair
n Ridge Jefferson Parish La, $50 shares
n and Harry F.. Stahel. whose address
i. Metairie Ridge, Jefferson Parish, La
n 50 shares.
h ARTICLE Iy.-Until the election to :
, held in November. 1922. the followin
shall constitute the first board OF dire
: tors. viz: John Ernest Stahel, president
Mrs Kate Klumpp- Stahel, vice-pres
!. dent, and Harry F. Stahel, secretar!
| treasurer. 49,
, Thus done and passed in my. offic
= | on the day month and year first aboN
. written. in the presence of Frank b. Tw
!, mey and JOSEPH L. Weiss. competent WI
y nesses. who have signed with the al
8 pearers and me, the notary, after readin
n the whole. ~ =,
= Original signed: Mrs Kate Stahel. ]:
D shares; J. f. Stahel, so shares; Harry
Stahel 30 shares
> F. r. Twomey. J. L. Weiss:
Notary Publ
I. the undersigned. Recorder OF Nor
cages in and for the Parish OF Orlean
do hereby certify that the above and for
going act Of incorporation OF r. :. stan
e co. Inc, was this day duly recorde
in INV office in Book 1893 Folio -.
, Deputy Recorde
d - FELIX J. DREYFOUS.
p OF L. !. L. & G. Buildinj