The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-09
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 mOvablcs or immOyables 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
he 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 he 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 un-
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
expiration of thirty days to purchase
said stock at its book value. said stock
may be sold in open market.
ARTICLE VINO stakeholder shall ever
be held liable for the contracts, faults or
debts of this corporation nor shall any
M M al - "a - mr. nIz1t
the effect of rendering this charter void
or of exposing a stakeholder to any liza
bility beyond the unpaid balance due on
the shares owned by him.
ARTICLE VII-The first board of di-
rectOrs shall consist of: John Behrend
president whose post office address is
1911 Sycamore Street, New Orleans. Louis
lana; Francis T.. Getchell, secretary
treasurer. whose post office address Is
l206 Seventh street, New Orleans, Louis
dent, whose post office address is 3O2
Louisiana Building, New Orleans, Louis
lana.
ARTICLE yIII-This act of incorpOra-
tiOn may be changed, modified, altered
or amended or this corporation may 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
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 hquida-
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 liquidatOrs
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. X.
Wing. competent witnesses, who have
hereunto signed their names with said ap-
bearers and me, notary, after reading of
the whole.
Witnesses: Eugene Thorpe J. X. Wing.
ORIGINAL SIGNED)
John Behrend, 9S shares; Francis Il.
Getchell, 1 share; ii. NJ. Ansley, l share.
c. deLUCAS,
(SeaD Notary Public.
|, 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 incorpora-
ton of the L. s. Novelty and Manufactur-
ing Co., Inc, was this day duly recorded
in my office in Book 1873, folio 100.
New Orleans, Octo. %, 1922.
Signed) ROBT SCOTT,
Deputy Recorder.
A true copy:
c. deLUCAS,
(SeaD Notary Public.
Nov. Dec. H.