The herald., 1922-12-21
CHARTER

dent and treasurer
Oh the latter, upon OF, In IA.
ARTICLE Ii f1 the secr.tsss, 'S.,s,
poses for which tbis objects a.,
Eanized and created eorporauoaa ",
the business to be az, ana the ~.
To engage AZ oe J., as follows: w By F,s
merchandise. COFFEE conduct
porting b msinaoon and eTporssCsat, =
tail or whoie ess; To buy sat
otherwise deal in propport inpo,.Sh
raw and finished aer'eerles, fossS IL
merchandise and manSeltural nrDSt
% any nature whafsoAactured ,,.se
IaSture, store. refins To as
93lherwise deal in uanspOr, e
uuSts. manufactured ssrieultura> u
chahdlse of any nature articles Q, N
generally, to do and wnatsoev.. ns.
appertaining to and p;.riorn an AZ
carrying out and oncldent IA 70
Ihe objects and purn psr execute, :.
ARTICLE Iy-Tba
sum of fif, S.ion Is hereby =. stock
lars and SSy thousand (;5o ass a d
Resented hu d "a De divided in,v'sol d.
rorcm'eu u oy live hundred s shto and ~
hundred dollars each par value a;
Saia stock shall be na,a :.
vi 3y property. or ssr,' S lot IN o.
rendered to the cornora,' ees actS,S
Equivalent Of cash, as nrn. Or a.
ana IN such manner ana niaV.iaed BY ~
ana In such instalments "a AZ such ~.
IIped oy the board Of di al may Be Va
rms corporation shan .'fS
llE concern and shall ha oecone In
commence business as ssuhofiistn
per cent t50q,) of its soon as an
Shall nave been subscrihaaplal uos
per cent of all stoct and fss
snail In fact have been rsSI.escrbsd \.
III cash or Its equivalent 'u ior, shs
ARTICLE V-Tbe c..,.
this corporation NAV he INA nel stock Z,
sum of one hundred ,heased 10 Il.
VoOO0) dollars. by yota usand tilN.
OF all the stock presen, VI tvo-As,s,
at a special meeting o " represerlss
purpose. or at a regular s for n,
ing OF the corporation annual meet.
ARTICLE VI-The s,ocL
poration can be transfsr..u MS Wt
the books of the cornora.,a only a
Ject TO such Regulations ar and nj
as may. be by the board ietmalus
from time to time MAJ =. Directors
stakeholder shall be arseloed IA
or otherwise dispose OF M. 'sed 70 vi
out first offering the ssrn ne ssocs W.T.
to the other Stockholders ~ vriths
board of directors, al nroegh u
ceeding the book valna pa.se not a,
said stockholders. in pronor, I,eleoi; AZ
holdings. shall have an on,,a.on 70 atr
right to purchase, al the hooL ana I'M
such stock on December srs cA vaes d
ceding. all the shares e. ", as ~
thus disposed Of by SALE A. 'oss
OF any of the stockholdsrs vlslFs
have period Of ten days ~ aal
accept or decline TO purchass ~. saieh
then such stockholder IL :, Inv Nea
sell or dispose Of the stock sn a5OslV
so In any manner and at anv , -N
may deem fit. ' price n
Each share of stock il issusa A.,
upon the condition and ,,nlsss, ae,sA
that no stakeholder shall sell ~ ,'a ..ss
wise transfer his stock In 1870, SS.e'
hereof. and any such sale an , ,....oN
II made. shall be void, and IN, -.
ration shall be under no oblIrs,saw
list said stock on its books or "a ~. y
the holder of the certificate th.,ss;
ARTICLE vII-The corporal. :,
ers or this corporation shall h v,r.s
IN ana exercised by board Of MAJ b.
IMAM three nor more than six drsctS,
at the option OF the stockholderS =.
TO constitute a quorum when thsr, =.
three directors: three 10 constitute /,
quorum when there are more thar tl,s
and less than six directors; and n,
TO constitute quorum, should the. :
SIX directors.-for the TRANSACTION 4
business. Should any director b d
sent, he may be represented BY uoAs
director. in accordance with the wits
or Geographic instructions giy,r y
the absent director.
The first hoard Of directors a An
corporation shall be composed Of d,
| following: Isidore Marks Franz I
Riess. ]. p. Marks; with the folorlr
officers: Isidore Marks presdrt
Frank E. Reiss, vice-presidet and ras
urer: ]. p. Marks. secretary; and t.g
shall serve until the second Wsi,@
day of January, 1924.
The directors shall be elected mn
ally. at a meeting held on he scout
Wednesday of January. IN each Iu
after such date. Notice Of said net
| ing shall be given fifteen DAYS IN
| to the date Of said meetine-in viu1
sent by mail to each stockholir Z
| his last known place Of residence N
board of directors may change he IN
of said annual meeting to any c1e
date, by written notice TO that siu
sent at least fifteen days prior o n
/ date to which said annual meeting i1il
be changed. directed by mall o an
stakeholder, at his last-knovn pko
residence.
Each stakeholder shall at such a,
nual meeting or other meeting stnen
or special. be entitled. IN person "
proxy. written or telegraphlc, 70 n
vote for each share Of stock Owned
him. The election shall be he'd unas
such rules and regulations as nay :
from time to time determined " W
board of directors. .n
The directors, when elected "a.
hold office for one year. or unlll u.I
successors shall have been elecis ~
qualified. and failure to hold ne ~
nual meeting of stockholders
elect annually directors. shall Dol ~.
ate the forfeiture Of this ens'1
any rights Hereunder. ,,.,s
4 Anv vacancy occurring IN tae 49,,
of directors may be filled py 'n' W."
tors for the unexpired term
ARTICLE vIII-This charter -, 49, y.
of incorporation may be cnsnssas No
fled. altered or amended py 3s NJ
the consent Of two-thirds o. =. -,
stock at a meeting general 49,.
held for that purpose: ana SUE r,sssd,l
rspts may be materiai - nav y
subject only to limitation a. , m
by law provided: and TINS GUY "a =
shall have the right ana posTs,,hs,rs
crease its capital stock as ne ~. rss,,
set ont. and any increase OF tns ~
stock in excess OF the a,ossh ~ a.
herein as the amount TO winch ~, nsy y
taI stock may be incfeaseu n i
made by a three-fourtns w"
outstanding stock. "a 4
ARTICLE IX-Notice Of any s "a
meetings referred to II tn,s even B
or rsonired by law. shall % .otisr
the manner provided for gi s'.sr,ars q
in the case Of election o. sies for q
hy duplication Of such ne.e ,ee..tIrs }
teen DAYS previous to such cu =
any daily newspaper IN tns Il -
New Orleans. unless the nouJ ssvi; ~
meeting shall have been v ss,,ne y
Stockholders and directors = actja d
right by this charter TO ws s,re
any time, and for any mesv ~ assls'
pTICI y Kin case OF une q Al