The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-21
CHARTER.

each stakeholder at his last known ADDRESS.
The board of directors thus elected snail
continue in office for one year, or until
their successors shall have been elected
and qualified. No failure to elect snail De
regarded as a forfeiture of this charter:
directors shall be filled by the remaining
directors for the uneXpired term. SAID
board of directors shall likewise elect the
additional members in case they should
determine to increase the number OF said
board of directors. Said board of direc-
tors shall at its first meeting after It's
election, nominate out of its number a
President, a Vice President, 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 ana
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
tiOn shall be during the pleasure or the
board 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 it.
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 going
concern at once.
| ARTICLE VINO stakeholder shall be
| held liable or responsible for the contracts
| faults or debts of said corporation, nor
| shall any mere informality in its forma-
/ ton 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.
! ARTICLE vII-This act OF incorpcra-
a. Il - AL oIfn cd
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 been 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 Iquida-
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 liqui-
dators, to fix price and prescribe the
v.
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
herein conferred upon the liquidators may
be modified, changed or denied by a ma
Jority OF the shares of the capital stock
of the corporation. The said liquidators
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
tion which shall come into their hands or
, possession as liquidators for the further
application and distribution thereof
ARTICLE III-Until the election to be
held on the first day Of June. 1922. the
. following shall constitute the first board
of directors, viz: Morris J. Warshauer
Aaron Gross and Herman Bratman, with
. Morris j. Warshauer as president: Aaron
Gross as vice-president; and Herman Brat
, man as secretary and treasurer. The said
! board Of directors shall have the authority
to make and establish such bylaws for the
government Of the corporation as they
deem mt or they or any succeeding board
Of directors may amend the same al
pleasure.
Thus done and passed in my office OF
I the day, month and year first above writ
q ten In the presence Of Lillian Winter ant
e Harry Quick, competent witnesses. resid
iuS III THIS city. WnO nave QeTeu0tO signed
:. their names, with the said appearers an,
r me. notary, after due reading Of tn
). whole.
r Witnesses: Lillian Winter, Harr,
!. Quick.
: ORIGINAL SIGNED:
4 Morris j. Warshauer. New Orleans. La
800 shares; Herman Bratman, New Or
: leans, La, 1876 shares: Aaron Gross, Bun
\ kie. La, per II. Bratman, agent and at
: torney in fact. 5 shares.
GABRIEL FERNANDEZ, JR..
4 Notary Public
i, 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 Incorpora
: tion OF the Tropical Clothing Manufacture
y Ing Co., Inc was this day duly recorde,
q In my Office In Book 1881 Folio 6S6.
u New Orleans, June 9th, 1921.
; (Signed): ROBT. SCOTT,
: Deputy Recorder
true copy:
: GABRIEL FERNANDEZ. JR..
8 July Aug IL.