The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-04
CHARTER.


.,rb >torkholder at his last known ADDRESS.
The board of directors thus elected shall
continue in office for one year, or until
their successors shall have been elected
and qualified. No failure to elect shall De
regarded as a forfeiture of this charter.
ANY vacancy occurring on said board or
directors shall be filed by the remaining
directors for the uneXpired term. Salu
hoard of directors shall likewise elect the
additional members I'm case they should
determine TO increase the number OF Saiu
board of directors. Said board OF ulrec-
tors shall at its first meeting after It's
election, nominate out of its number
President, Vice President, a Secretary
and a Treasurer any may combine any two
of said officers in one person. said board
of directors shall have the right to appoint
and dismiss such clerks, managers ans
other employees of the corporation as con
ditions may Justify or the business of the
corporation may require. The tenure OF
Office of all the employees of the corpora
ton shall be during the pleasure of the
hoard of directors. Any of the directors
or officers shall have the right to appoint
by written instrument another director or
stakeholder to act as his proxy or in his
stead at any one of the meetings of the
board of directors. Said stock may be is
sued in payment for property. or rights
purchased by the corporation or for ser
vice actually rendered to ii.
More than fifty per cent of the capital
stock having been subscribed and paid for
consequently with the execution of this
charter. this corporation shall be a going
concern at once.
ARTICLE VINO stakeholder shall be
1 held liable or responsible for the contracts.
| faults or debts of said corporation, nor
Shall any mere infOrmality in its forma-
don have the effect of rendering this char
/ ter null or exposing a stakeholder to any
/ liability beyond the unpaid balance due on
| the shares owned by him.
l.,
( ton may be changed, modified or altered,
! or this corporation may be dissolved with
! the assent of the stockholders owning
/ two-thirdS of the stock of the corporation
! at a general meeting convened for that pur-
pose and after at least ten days written
notice of the meeting has beenA given
through mail addressed to each stock
holder at his last known place of resi-
dence. In case of dissolution by the ex-
piratiOn of this charter. or otherwise the
/ stockholders shall elect three liquidators
| from among their number to liquidate and
| settle the business and affairs of the com
/ pany. In case of death or disability of
/ any of the said commissioners or hquida-
tors. the survivors or remaining liquida-
tors shall have full power and authority
to settle said company's debts. and divide
the remaining money, and property among
the stockholders. They shall also have
power to meet and act under the bylaws
of the corporation and under regulations
! to be made by the majority of said Hqui-
udtOfs. TO IN price ana prescribe the
| terms of sale of said property, and the
manner In which the sale shall be made
and TO take notes and bonds secured by
| mortgage or otherwise for part of the
purchase price for all or any part of said
property provided, however, that the rights
herein conferred upon the liquidators may
| be modified. changed or denied by ma
Jority OF the shares of the capital stock
Of the corporation. The said liquidators
| shall have authority to sue for and re-
cover the debts and property in the name
of the corporation and may be sued by the
same name, and they shall be liable in
solido to any creditor or stakeholder for
the moneys and property of the corpora.
ton which shall come into their hands OF
possession as liquidators for the further
application and distribution thereof.
ARTICLE III-Until the election to b,
held on the first day Of June, 1922. the
following shall constitute the first board
Of directors, viz: Morris ]. warshauer
, Aaron Gross and Herman Bratman, will
Morris J. Warshauer as president: Aaron
, Gross as vice president; and Herman Brat
) man as secretary and treasurer. The saiC
board of directors shall have the authorit!
to make and establish such bylaws for tn,
government of the corporation as the!
deem nit or they or any succeeding boarC
Of directors may amend the same a
pleasure.
I Thus done and passed in my orIce OF
. the day. month and year first above writ
ten in the presence of Lillian Winter an,
: Harry Quick, competent witnesses, resid
: ing in this city. who have hereunto signe,
their names, with the said appearers an
: me, notary, after due reading of tn
= whole.
Witnesses: Lillian Winter, Harr
: Quick.
A ORIGINAL SIGNED:
Morris J. Warshauer. New Orleans. La
300 shares; Herman Bratman, New Or
n leans. La, 1876 shares; Aaron Gross. Bun
: kie. La, per III. Bratman, agent and at
torney in fact. shares.
\ GABRIEL FERNANDEZ JR.,
n Notary Public
: 1. the undersigned Recorder of Mort
cages in and for the Parish of Orleans
State of Louisiana, do hereby certify tina
: the above and foregoing Act of Inccrpora
= ton OF the Tropical Clothing Manufacture
4 ing Co, Inc. was this day duly recorde
II in my Office in Book 1881 Folio CSC
i New Orleans, June 9th, 1921 800
= (Signed): ROBT. SCOTT,
A true corr. Deputy Recorder
GABRIEL FERNANDEZ. JR.
$ July Aug. IL