The herald., 1922-01-12
CHARTER.

be going concern as soon as not less
J than one-half thereof has been sub
/ Scribed. This may be increased to
| SIOOOOOOO. All stock shall be paid for
| in cash or property.
| should Allan l.. Wolff or Jules G.
| Lazard sell his stock and sever his con
nectiOn with the corporation, the charter
! shall be amended as To omit the name
of the Withdrawing stakeholder.
/ ARTICLE V. All the powers Of this
! corporation shall Ice vested in Board
of directors composed of not less than
/ three stockholders.
The said Board shall be elected annu-
! ally. Oh the first Tuesday after the hrSt
| Monday in the month OF January Of each
| year. except the hrst Board, which Is
! provided tor in this charter.
| At the annual election held for the
! election Of directors eacn share snail toe
| entitled to one vote. which may be east
in person or by written proxy.
! The failure to hold such meetings shall
| not terminate the corporation but the
! officers then i'm office snail hold over
until their successors are elected ana
! qualified.
The first Board of Directors shall con
sit of Allan l.. Wolf, d. Aline street.
New Orleans, La; jules {. i-a%ard; l;-'
Peters avenue, New orleans, La; Charles
Levy, sos Magazine street, New Orleans
La.
Each Board of Directors shall annually
elect from their midst Il President. lee
President. Treasurer, and Secretary. and
il may combine the Ofnce OF treasurer
with that Of the President. Vice President
or the Secretary, and ii may elect See
Rotary who need not be director or
stakeholder, but such Secretary cannot be
ARTICLE VI Not less than fifteen
ljD days notice shall be given for all
regular stockholders meetings, and not
less than five 90 days notice for special
m a. Hoard DIRECTORS
hold regular special meetings at such
times and upon Such notice as 10
time which the said Board may nix. All
notices of meetings OF all Kinds Shal'
be by written notice through the post
office addressed to the respective stock
holders at the address given to the Sec
rotary by each stockholder, or the notice
may be delivered by messenger
ARTICLE VII. This act OF incOrpor-
alton may be changed modified or
altered, or this corporation may be dis
solved with the assent Of two-thlrdS OF
the stock present or represented at Il
meeting convened for that purpose.
ARTICLE VIII. No stockholder shall
ever be held liable or responsible for the
contracts and faults of said corporation
in any further sum than the unpaid bal
ance due on the shares of the stock
owned by him; nor shall any mere in
fOrmality in organization have the effect
of rendering this charter null or expos
ing the stockholders to any liability
beyond the amount of his unpaid stock.
ARTICLE IN. Whenever this corpor.
alton is dissolved either by limitation of
time or by the determination of the
stockholders. its affairs shall be liquidat-
ed under the supervision of two 90
liquidatOrs, to be appointed for that pur-
pose at a general meeting of the stock
holders convened after ten (lOD days
notice.
At such meeting to consider the liqui-
dation of the corporation, the result shall
be determined by the consent of two:
I'd Nh.a rom
scented at such meeting. In case of the
death or inability TO act of one of the
lquidatOrs, the survivor shall act alone
Thus done and passed in my office in
said City of New Orleans, on the day,
month and year first hereinbefore writ
ten, in the presence of Justin V. Wolff
and NJ. 4. Cakes. both of lawful age and
residents of this parish, competent wit
nesses. who signed hereto with the said
appearers. and me. notary, after due
reading of the whole.
Original signed:
JULES c. LAZARD
~ shares. New Orleans, La.
CHARLES LEVY,
- shares, New Orleans, La.
ALLAN l.. WOLFF.
40 shares, New Orleans. La.
Witnesses signed:
JUSTIN V. WOLFF,
GABRIEL FERNANDEZ. JR.
l. the undersigned Recorder of Mort |
cages in and for the Parish of Orleans, |
State of Louisiana, do hereby certify |
that the above and foregoing Act Of In
corporation of the WOLFF K LIZARD |
CO. INC, was this day duly recorded |
in my office in Book 1858. folio 1913.
New Orleans, Dec. %. 1921.
(Signed) ROBT. SCOTT.
Deputy Recorder.
A true copy of the original.
GABRIEL FERNANDEZ, JP.,
Notary Public.
Jan. 12-Feb. 16