The herald., 1921-02-24
CHARTER.

usntS of such amounts and Mt such times
as the Board of Directors may determine,
but any part or parcel of said stock ma!
he ISSUED by said Board of Directors 81
not less than par in payment of labor done,
services rendered or property acrually
received by the Corporation.
No stockholder of said Corporation shall
sell his stock TO any person not already
a Stakeholder until he has first offered IT
for sale during a period of ten days 70 the
Board Of Directors of the Corporation at
its then book value: and If not purchased
by any member of the Board or directors
until he has offered it for sale to the stock
holders during period of ten days aiter
the expiration of the above mentioned ten
days.
ARTICLE ". All the corporate powers
of this corporation shall be vested IN ana
exercised by Board of three 90 directors,
to be composed of stockholders, maJOrlt!
of whom shall constitute a quorum LOT
the transaction of any business. Ine
Board of Directors shall be vested WIN
full power and authority TO make all
contracts. purchases. and sales and adopt
all bylaws, rules and regulations Tor the
government and affairs of the Company
and alter, amend and change the same AT
pleasure; appoint, hire and discharge, all
| officers, agents and employees, hN all
| salaries. and generally to do and perform
all things necessary in the transaction OF
| the business and affairs of the company.
ANY vacancy occurring in said Board snail
| be filled by the remaining directors In
| the manner provided for in the bylaws.
| The.Eirst Board of Directors of this cor
| poration shall consist of Marx Levy. Isaac
| s. LOtka and Mrs. Minna Levy, who SHAH
| hold office until the first Monday in JAN
| uary 1922, and until their successore are
| duly elected and qualified. The Post
| Office address of each of said directors Is
| New Orleans, La.
On the first Monday in January, 1872
/ and annually thereafter an election of
| directors shall be held at the office of the
|
| commissioners to be appointed by the
| Board of Directors, and the Directors then
! elected, shall take their seats Immediately,
| and shall hold office until their successors
| are duly elected and qualified. Each
| Board shall elect its own officers, and said
| officers shall consist of President, Vice
president, and Secretary treasurer, Chtll
| the annual meeting of the stockholders 10
| be held on the first Monday in January
1922. the following shall be the officers OF
| the corporation, viz: Isaac 5. Lotka,
President: Mrs. Minna Levy, Vice-president
and Marx Levy, Secretary Treasurer.
| All corporate elections shall be by ballot,
and a majority of the votes cast shall
elect, and at all stockholders meetings
| held for any purposes, each share of stock
shall be entitled to one vote, either by
person or by proxy, by the person in
! whose name same is registered on the
books of the company.
| Written notice of stockholders meetings
shall be given to each stakeholder by the
Secretary at least fifteen days prior TO
elections by mailing same. postage pre-
paid, to his last known address. Any
director absent from the City of New
Orleans, or unable to attend meetings OF
the Board of Directors, may give his
written proxy to any other Director. and
said proxy shall be voted in accordance
with written instructions of the Director
granting same.
ARTICLE V. This act Of incorporation
may be changed, altered or modified oil
the corporation may be dissolved in any
manner prescribed by law or with th'
consent of three fOurths ga of the stOcl
present or represented at general meet
ing of the stockholders convened for thai
!, purpose after thirty 1901 days prior notice
: of such meeting shall have been given b!
publication in one of the daily newspaper
5 published in the City of New Orleans, by
+, five publications during said period, anf
! such changes as may be made in reference
I to the capital stock shall be made II
I accordance with the then existing laws OF
!. the subject
Y ARTICLE VI. Whenever this corpora
, ton is dissolved. either by limitation o
: shall be liquidated by three f3) commits
b sioners to be appointed by the stockhold
e ers at meeting of the stakeholder
: convened for that purpose after thirt,
/: 500 days prior notice shall have beel
e given by the Secretary to each stakeholder
e Said commissioners shall remain in offic
;, until the affairs of said corporation shall
4 have been fully liquidated. In case o
|, survivor shall continue to act.
: ARTICLE VII. No stakeholder in thi
}, corporation shall ever be held liable o
5 responsible for the contracts or faults o
s said corporation or for any further sun
than the unpaid balance due to the COZ
IS poration on the shares of stock owned b.
/ him, nor shall any mere fOrmality i
lie organization have the effect of renderin
d this charter null or exposing a stockholde
d to any liability beyond the balance du
e on his stock.
- The subscribers hereto have each write
opposite their names the number of share
:, subscribed for this act of Incorporate
n may also serve as the original subscriptio
u list.
a Thus done and passed, in my office. a
a the City of New Orleans, on the da,
a month and year. herein first above writer
- in the presence of Van Buren, Harris an
. Hugh NJ. Wilkinson. competent witnesses
who hereunto sign their names with III
II said appearers and me, Notary after read
e toriginal Signed /. s. Lotka. q
a, Marx Levy, 1927 Prytania ST., n. o. La
y % shares, $500; Mrs. NJ. Levy. 80.
IN Witnesses: Van Buren, Harris. Hug
n. Nj. Wilkinson.
IS A. j. PETERS,
"a Notary Publ
n, cages, in and for the Parish of Orlean
II, State of Louisiana, do hereby certify tn:
5; the above and foregoing Act of Incorpor,
g. ton, Of the Lotka Company. Inc, wa
m Book 1858. Folio As.
s, New Orleans. January 49, 1921.
n RoBT. SCOTT, by. Recorde
rs New Orleans. La, February .. 1921
ID A. J. PETERS.
" Notary Publ
Feb. "a to March 3