The herald., 1921-12-01
CHARTER.

Sf1An
NaII he exercised by a board of directors
composed of three stockholders, the mem
bership of which may be increased to q
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 a:
may be determined by the board of direc-
tors, after fifteen days notice by mai
of such election shall have been sent Il
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, a president, a
vice-preSident and secretarytreasurer
IL 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
is not 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 di-
rectors. Any of the directors shall have
a. - s.,N h. IL
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-
alton, nor shall any mere infOrmality in
its organization have the effect OF rem
dering this charter null. or of exposing
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 a general meeting convened
for that purpose. and after at least ten
days written notice of this meeting has
been given through mail addressed to
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
liquidators from among their number, TO
liquidate and settle the business and af-
fairs of the company. In case Of death
or disability of any one of said commits
sioners or liquidators. the survivors or
the remaining hquidators shall appoint a
successor TO him. The said liquidators
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 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 ma
jority OF said liquidators to fix the price
and prescribe the terms Of sale of said
property, and the manner in which the
sale shall be made. and take notes and
bonds secured by mortgage. and other
wise. 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 he modified.
changed or denied by a majority of the
shares of the capital stock Of the cor
poration. The said liquidators shall have
the authority to sue for and recover the
debts and property in the name Of the
corporation and may be sued in the same
name. and they shall he liable in solido
70 any creditor or stakeholder for the
monies and property Of the corporation
winch snail come 10 their naNOS or pos
session rs liquidators and for the proper
application and distribution thereof.
ARTICLE VIII.-The entire capital
stock of this corporation has been sub-
scrihed at the time Of the signing Of this
charter as follows: John Ernest Stahel
whose address Is Metairie Ridge. Jef-
ferson Parish. La. 80 shares: Mrs. Kate
Klumpp- Stahel. whose address IS Metairie
Ridge. Jefferson Parish. La. $50 shares ::
and Harry F. Stahel. whose address is
Metairie Ridge, Jefferson Parish, La.
80 shares
ARTICLE IX.-Cntil the election to be
held in November. 1922 the following
shall constitute the first board Of direc-
tors. viz: John Ernest Stahel president:
Mrs. Kate Klumpp- Stahel. vice-presi-
dent. and Harry F. Stahel, secretary
trea surer.
Thus done and passed in my office
on the day, month. and year first above
written in the presence Of Frank r. Two
mey and Joserh L. Weiss. competent Wit
nesses. who have signed with the ap-
hearers and me, the notary, after reading
the whole.
Original signed: Mrs Kate Stahel $50
Stahel 50 shares.
F. r. Twomey. 7. T.. Weiss.
FELIX J. DREYFOUS.
Notary Public.
7. the undersigned. Recorder Of Mort
cages in and for the Parish Of Orleans.
do hereby certify that the above and fore
going act of Incorporation Of r. s. Stahel
& Co. Inc. was this day duly recorded
in nv office in Book 1888 Folio -.
(signed) ROBT. SCOTT.
Deputy Recorder.
A true copy from the ORIGINAL act:
FELIX J. DREYF0US.
205 L. & L. & G. Building.