The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-17
CHARTER.

ChAhIEh.
shall be exercised by a board of directors
composed Of three stockholders, the mem
bership of which may be increased to
number not exceeding seven, by the
board Of directors at any Of its regular
meetings. A 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
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.
vice president and secretary-treasurer.
! 1t may divide the functions of the last
| mentioned officer and may elect a secre-
1 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
I is not a 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-
! rcctors. Any of the directors shall have
the right to appoint, by written instru-
ment. another directors or stockhohider
| 10 act as his proxy and in his stead at
any and all meetings Of the board OF
directors.
| ARTICLE Vino stakeholder shall
Tcr he held liable or responsible for the
contracts. faults or debts OF said corpor-
it's 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-t thirds of all the stock OF the cor.
poration at general meeting convened
for that purpose. and after at least ter
days written notice OF this meeting has
been given through mail addressed Il
each shareholder at his last known place
Of residence. In case of dissolution by
wise the stockholders shall elect three
liduidators from among their number. Z
liquidate and settle the business and ar
fairs OF the company. In case OF deati
| or disability Of any one of said commits
sioners or liquidators. the survivors o.
. the remaining liquidators shall appoint
successor to him. The said hquidator
: shall have full power to settle the com
, pany's affairs, collect outstanding debts
i sell and convey property. pays Its debte
: and divide the remaining money anC
property among the stockholders. The,
shall also have power to meet ana &C
= under the bylaws Of the corporation an
under regulations to he made by ma
jority of said iquidators; to fix the pric
$ and prescribe the terms Of sale OF sal
9 property, and the manner In which tn
g 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
d however. that the rights herein conferre
/ upon the liQuidators may be modified
: changed or denied by majority OF tn
n shares OF the capital stock OF the col
: poration The said liduidators shall hav
= the authority to sue for and recover IN
= debts and property in the name OF IN
Corporation and may be sued in the sam
e name and they shall he liable In solid
= to any creditor or stakeholder for IN
k monies and property OF the corporatio
l. which shall come to their hands or pos
session as liquidators and for the propt
|
: ARTICLE vIII-The entire capit'
: stock Of this corporation has been sui
"a scrihed at the time OF the signing OF IN
:. charter as follows: John Ernest Stahe
whose address is Metairie Ridge. Je
ferson Parish. La. 30 shares: Mrs. Ka'
EIumpp- Stahel whose address IS Metair
u Ridge. Jefferson Parish. La, $50 shares
- and Harry r. Stahel. whose address
r Motairie Ridge, Jefferson Parish. La
n =" ,pTICIr Iy-rntiI the election to I
= hold in November. 1922. the foiowlH
shall constitute the first board Of dire
tors viz: John Ernest Stahel, presiden
Mrs Kate Klumpp- Stahel. yice-preS
dent. and Harry F. Stahel, secretar'
treasu .u.
Thus done and passed in my offic
. on the day. month. and wear firSt ano'
I written in the presence Of Frank H. Tw
= upy and Josenh T.. Weiss. comnetent W,
~ nesses who have signed with the a.
~ hearers end me, the notary. after readlr
i, the whole. :,
IN Original signed: Mrs Kate stahel. j
= shares. T. f. Stahel. 80 shares; Harry
StaheI 5n shares.
F T. Twcmev. 7. L. Wetss
r. FELIX J. DREYFOUS
Notary Publ
T tho undersigned. Recorder Of MOI
C. cocns In and for the Parish or orIeau
do hereby certify that the above ana Tot
- %o;nr act Of INCORPORATION Of p. s. stan
T. Co. Inc. was this dav duly record'
in nv office IN RoOk 1893 Folio -.
n (Signed) RORT. SCOTT.
y Deputy Recordt
bn .-ro conv from the ORIGINAL act:
"A - FELIX 7. DREYFOlIS.
a on5 T.. & L. & q. Bnlldin