The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-23
CHARTER.

board of directors from among their num-
Der; all directors and officers shall be
elected for a term of one year, but shall
hold office until their successors are elect
ed and qualified.
Any vacancy in the board of directors
or officers from whatever cause shall be
filled from among the stockholders by the
remaining members of the board
The board of directors shall have
power without reference to the share
holders OF the company: to buy, sell,
lease, mortgage, hypothecate. borrow, is
sue bonds, notes and pledges of all kinds
whether mOvables or immovables and
generally to exercise all powers conferred
on this board of directors by these ar
ticles of incorporation.
All elections shall be by ballot, each
share shall be entitled to one vote and
the majority of the votes cast shall elect.
AT all meetings each stakeholder shall
be entitled to one vote either in person
or by written proxy for each share of
stock standing in his name on the books
OF the corporation; provided that no stock
shall be voted at any meeting which has
been transferred upon the books within
thirty days prior to the said meeting
No stakeholder may sell. assign, or
transfer his stock in this corporation I'M
less thirty days previous notice in writ
ing OF such intention to sell, assign or
transfer said stock be given to the com
pany previous to said sale assignment or
transfer, and upon such notice the board
OF directors shall have the right TO pur-
chase the stock at its book value by re.
ference to the balance sheet of the last
fiscal year, upon failure of the board OF
directors to pass resolution before the
expiration of thirty days to purchase
said stock at it's book value, said stock
may be sold in open market.
ARTICLE VINO stockholder shall ever
be held liable for the contracts, faults or
debts of this corporation, nor shall any
mere lnformality in its organization have
the effect of rendering this charter void
or or exposing stakeholder to any liza
Dlhty beyond the unpaid balance due on
the shares owned by him.
ARTICLE VII-The first board of d.
rectors shall consist of: John Behrend,
president, whose post Office address is
i6ll Sycamore Street, New Orleans Louis
lana; Francis +. Getchell, secretary
1905 Seventh street, New Orleans, Louis
lana; and Hubert NJ. Ansley, vice-presi-
dent, whose post office address is 800
Louisiana Building, New Orleans, Louis
lana.
ARTICLE vIII-This act of incorpora-
ton may be changed, modified altered
or amended or this corporation NAV be
dissolved with the assent of stockholders
owning three fourths of the stock of the
corporation present or represented at a
general meeting convened for that purpose
and after at least ten days written notice
mas been given through mail, to each
stakeholder at his last known place or
residence. In case of dissolution by the
expiration of this charter or otherwise
the stockholders shall elect three liauida-
tors from among their number to settle
the business and affairs of the corpora
ton.
In case of death or disability of any
one OF said commissioners or liuuidators
the survivors shall elect or appoint a sue
cessor to him and If they fail to agree on
his appointment, then they shall wind
up the affairs Of said corporation.
Thus done and passed at my Office in
the presence of Eugene Thorpe and j. r.
Wing, competent witnesses, who have
hereunt0 signed their names with said ap-
bearers and me, notary, after reading of
the whole.
Witnesses: Eugene Thorpe, J. r. Wing. |
ORIGINAL SIGNED)
John Behrend, 9S shares; Francis f..
Getchell, 1 share; III. NJ. Ansley, 1 share |
c. deLUCAS, |
lSeaD Notary Public. |
1. the undersigned Recorder of Mort !
cages, in and for the Parish of Orleans |
state of Louisiana, do hereby certify that !
he above and foregoing act of incorpora- |
ion of the U. s. Novelty and Manufactur-
ing Co., Inc, was this day duly recorded |
IN my office in Book 1919, folio 100
New Orleans, Octo. 20, 1922.
Signed) ROBT. SCOTT.
Deputy Recorder. |
A true copy:
c. deLUCAS,
:. tSeaD Notary Public.
Nov. 9-Dec. IA.