The herald., 1921-11-03
CHARTER.

Sence, on the vice president.
| ARTICLE III.-The objects ana pur-
! noses for which this corporation is or
gained and the nature of the business
/ to be carried on by it are hereby declared
! TO be: to engage in the general exporting
and importing business, particularly to
! receive on consignment and to consign
, cotton and other products and to execute
all orders for the purchase or sale OF cot,
/ ton for present or future delivery, ana
generally to engage in, conduct ana pro
mote such other business or enterprise as
may be germane, incidental to- or may
grow out of, the concern contemplated
! by this act.
/ ARTICLE IV.-The capital stock of
! this corporation is fixed at the sum or
! Twenty five thousand 1925, 100000 Dol
/ lars, divided into two hundred and flfty
! shares of the par value of one hundred
dollars each. All shares of stock shall
he full paid and worcestershire. No trans
! fer of stock shall be binding upon the
/ corporation unless made upon Its books
and all certificates of stock shall be sign
/ ed by such officer may be designated
/ by the board of directors
This corporation shall have the right 10
/ Increase its capital stock to further sum
/ of one hundred thousand (SlOOOO.OO) dol
| lars, to be divided into shares OF one nun
| dred dollars each, provided said Increase
! in the capital stock shall have been au-
thorZed by the stockholders at meet
ing to be held pursuant to law.
ARTICLE V.-An the corporate powers
of the corporation shall be vested in. and
the management and control of its affairs
shall be exercised by a board of directors
composed of three stockholders, the mem
bcrShip of which may be increased to
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 eatitled, in person
or by proxy. to a 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 mall
of such election shall have been sent 10
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 10
elect shall be regarded as forfeiture of
this charter. Any vacancy occurring on
said board shall be filled by the remain
ing directors for the uneNpired term; the
said board shall likewise elect the addi-
tional members in ease 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, president, a
vice president and a secretary treasurer.
1t may divide the functions of the last
mentioned officer and may elect a 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 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-
rectOrS. Any of the directors shall have
the right to appoint. by written instru-
ment another directors or STOCKHOLDERS
TO act as his proxy and in his stead at /
any and all meetings of the board of
directors.
ARTICLE Vino stakeholder shall
>ver be held liable or responsible for the
contracts faults or debts of said Corpor- I
alton. nor shall any mere infOrmality in Z
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 Widths act Of incorpora-
tion may be changed, modified or altered .
or this corporation may be dissolved, I
with the assent of the stockholders own /
ing twO-thirds of all the stock of the cor /
pOratiOn at general meeting convened /
for that purpose, and after at least ten l
days written notice of this meeting has 1
been given through mail addressed to /
each shareholder at his last known place !
of residence. In case of dissolution by 4
wise. the stockholders shall elect three 1
liQuidatOrs from among their number, to 4
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 liquidators shall appoint |
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 be modified.
changed denied by a majority of the
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 be liable in solido
to any creditor or stakeholder for the
monies and property of the corporation
which shall come to their hands or pos
session as liquidators and for the proper
ARTICLE VIII.-The entire capital
stock of this corporation has been sub
scribed at the time of the signing Of this
charter as follows: John Ernest Stahel.
whose address is Metairie Ridge JEFF
ferson Parish. La. 20 shares: Mrs. Kate
whose address is Metairie
Ridge. Jefferson Parish. La. $50 shares:
and Harry F. Stahel. whose address is
Metairie Ridge, Jefferson Parish. La,
so shares.
ARTICLE IX.-UntiI the election n he
held in November, 1922. the following
shall constitute the first board of direc-
tors. viz: John Ernest Stahel, president;
Mrs. Kate Klnmpp- Stahel. vice presi-
dent. and Harry r. Stahel, secretary
Thus done and passed in my office.
on the day, month and year first above
written, in the presence Of Frank B. Two.
mey and Joseph L. Weiss, competent wit.
nesses. who have signed with the an.
bearers and me, the notary, after reading
the whole.
Original signed: Mrs Kate Stahel, $50
shares; ]. +. Stahel. so shares; Harry r.
Stahel. so shares.
+. b. Twomey, J. L. Weiss
FELIX J. DREYF0US.
Notary Public.
i. 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 E. s. Stahel
Z Co.. Inc, was this day duly recorded
In my office in Book 1858 Folio =.
(Signed) ROBT. SCOTT.
Deputy Recorder.
A true copy from the original act: