The herald. [volume] (New Orleans, La.) 1905-1953, 1921-12-01
CHARTER.
cretary. and sealed with the seal OF M.

the Board OF directors. No StUCEhB4drJ
shall be permitted to sell or oth.ry :,
dispose OF his stock without first Offering
the same In writing to the other stock
holders through the Board of Directors
at Il price not exceeding the book yalu,
thereof and the stockholders shan HAY.
an option and first right to purchase fni
cash all the shares Of stock to he tim,
disposed of by sale or by the death
resignation or otherwise of any Of ia,
stockholders of the corporation, ana shall
have a period Of ten days within which q
accept or decline such offer of stock.
| Upon the failure Of the said Board OF
Directors or the stockholders 20 ,NcrclS,
within the time stipulated the option thu,
| granted them, the stockholders who a.Sir,
! to sell or otherwise dispose Of their Stork
! Cor their heirs shall be at liberty To sell
or dispose of their stock in such manner
and at such prices as they may see fit
/ But the stock of this corporation shall
' be non negotiable and nou-trauSf,rrabIe
except under the conditions and stipu.
| transfer of stock whatsoever shall bc
binding upon this corporation until and
unless made upon its books.
| ARTICLE VI.-The corporate powers of
| this corporation shall be vested in. aud
exercised by, Board of Directors com
posed of not less than four nor more than
six stockholders. three of whom shall al
all times constitute quorum for 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 Il. Moses, 322S CarrOlltOn avenue New
Orleans, La. Arthur Regottaz, Sr.. %
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
III I1l1 u
and qualified. The directors shall be
elected annually by the stockholders
at meeting TO be held on the
first Monday in November of each year
Notice of such meetings shall be
given fifteen days prior to the date there
Of in writing and shall be sent to each
stakeholder at his last known address
Each stakeholder shall at such annual
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
and failure to hold the annual meeting
of stockholders or elect annually the Di-
rectOrs shall not operate the forfeiture Of
this Charter or of any rights Hereunder
Any vacancy occurring in the Board Of
directors may De IlllcU Dy the remaining
Directors for the unexpired term.
Immediately after their election each
year, the Directors shall meet and elect
from their number a President, a Vice
President, Secretary and n Treasurer
The first officers of this corporation shall
hold office until the first Monday in No
vember. 1922. or until their successors
have been elected and qualified. and shall
be: Arthur Regottaz, Jr.. President;
Walter L. Moses. Vice President; Arthur
Regottaz. ST., Secretary; Elkin Moses,
Treasurer.
ARTICLE VII.-ThIs Charter or act Of
Incorporation may be changed. modified
altered or amended by and with the con-
stock at any meeting, general or special,
called for that purpose. subject only TO
such limitations as may be provided by
law. This corporation shall have the
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 three
fourths vote of all the outstanding stock.
ARTICLE VIII.-Notlce 10 any and all
meetings referred TO in THIS charter or
required by law, shall be given in the
manner provided for by the giving of no.
tees in case of election, unless the same
shall have been waived.
ARTICLE IX.-In case of the liquida.
ton, dissolution or termination of this
charter by limitation or otherwise, the
affairs of this corporation shall be
elected by the stockholders who may pro-
vide the number of such liquidators. and
who may vest them with such power and
authority as may by law be permitted, and
VINO shall fix the terms and conditions
upon which they shall serve, as we'll as
their compensation, and who may provide
that in case of the disability of any one
OF said lQuidators Qf there are more
hn fnin toni
fill the vacancy or continue to act on be-
half OF the corporation.
ARTICLE X.-NO stakeholder Of this
corporation shall be liable or responsible
for any acts. liabilities, contracts, debts
or faults of this corporation, or any of its
stockholders, nor shall any mere infor-
mality in its organization have the effect
or rendering this charter null or of expos
ing stockholder to any liability beyond
the unpaid balance due on the stock held
by him.
ARTICLE XI.-The subscribers hereto
have written opposite their respective
names the number of shares subscribed to
by them and their post office addresses
so that this charter may serve as the
list of the corporation.
ARTICLE Kiln consideration of the
dred (s7,50000) Dollars Of its capital stock
this corporation may receive and take
title to the going business now being con-
Quoted under the name of the Regottaz
nue., in the city of New Orleans, Louisi-
ana, including the merchandise. stock on
hand cash, open accounts and other assets
or said business whatever, including the
good Will thereof, and all of which assets
are more fully described In the accurate
detailed and itemized description of same.
which is hereto annexed and marked Ex-
hibit "A. and may assume the liabilities
or said business as set forth said ex-
hibit a.; all of which property and
assets. less said liabilities. have been APP
the Board of Directors of said corpora |
tion as having an actual cash value Of at |
least S75OO.OO
y, Thus done and passed at my office in |
me City Of New Orleans. on the day, |
month and year herein first above writ |
Ten. III the presence of Messrs. Eldon s. |
Lazarus and George W. Simons compe- |
lent witnesses, who have hereunto signed |
heir names with the said appearers and |
me- notary, after due reading of the |
Original signed): EIkin Moses. A. Re-
So'taS. Jr., Arthur Regottaz, Sr., Walter
HERBERT s. WE'LL.
Notary Public. |
:. Cwiiresses): Eldon s. Lazarus, Geo. W. |
Simcns.
I. the undersigned Recorder of Mort
cages, In and for the Parish Of Orleans,
state or Louisiana, do hereby certify that |
ne above and foregoing Act of Incorpora-
ION OF the Regottaz Marble Works, In
'orporated. was this day duly recorded |
n my office In Book. folio.
New Orleans. Nov. -. 1921.
(signed) RoBT. SCOTT.
/ hereby certify that tho ahnya and fore