The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-16
CHARTER.

the event of their failure TO exercise their
right under said option as herein proVid'
ed the stakeholder so Offering his stock
for sale shall have the right 10 dispose
of same in the open market.
ARTICLE IV-The corporate powers Of
this corporation and the full management
of its business and affairs shall be vested
in and exercised by board of directors
composed of three stockholders. each OF
whom shall own in his own right, at least
one full paid and unpledged share or the
capital stock; IL majority Of which sald d.
rectOrs shall constitute n quorum for the
transaction of all business.
Election for directors by the stock
holders shall be held annually on the sec
Ond Monday in February at the dOmicile
of the company, under the supervision of
two commissioners to be appointed by
the president, after notice thereof, to be
delivered personally or by depositing in
the post office, properly addressed to each
stakeholder, at least fifteen days before
such meeting in accordance with other
provisions of the law.
All elections shall be by ballot and
majority of the votes cast shall elect, and
each share of stocks shall be entitled TO
one vote, either by proxy or in person.
Each board of directors shall, at its first
meeting after its election elect from its
number a president, yice-president and
a secretary-treasurer; who shall hold Of
flee until their successors shall have been
duly elected and qualified. The board
shall have power in its discretion TO unite
two or more offices, and the same to con-
fer upon one person.
The said board shall also nave full
power and authority to borrow money,
and through its president, or some other
duly authorized agent of agents. TO exc
cute mortgages, issue bonds, notes or
other obligations in such amount and on
such terms in their Judgment may be
advantageous. and generally to do all
things necessary for the proper carrying
on of the business of said corporation.
Any vacancy occurring in said board of
directors shall be fl led by the remaining
directors for the uneXpired term.
The first board of directors shall con-
SiSt of: Philip FOrSchler, residence No.
GID .NGntegut street, New Orleans, La;
Allen H. Sweet. residence Monroe. La.
and Philip A. FOrschler. residence No. go
Montegut street. New Orleans, La, with
the said Philip Forschler as president.
Allen ii. Sweet as vice-president and
Philip Froschler as secretary treasurer
who shall hold office until the second
Monday in February 1928, or until their
successors shall have been duly elected
and qualified.
ARTICLE V-Tne stock subscription of
Philip FOrschler for one thousand shares
Of the capital stock and of Allen II. Sweet
for one thousand shares of the capital
stock of this corporation is to be paid for
by the sale and transfer by them TO this
corporation of all their right. title and in
terest of every nature and kind of, in and
TO the following described patents, to-wit
Patent No. 1885 issued by the United
States Patent Office. for a patent on a
coin saving bank. together with all amend
ments or additions to said patent or pa
tent rights whatsoever.
ARTICLE yI-The charter of this cor
p0ration may be amended at a meeting
OF the stockholders called for that pur-
pose by a vote of two-thirds of all its
stock; but a change of objects and pur-
poses as fixed herein shall not be made
without vote of all the stock heretofore
issued, nor shall any increase in the CAPT.
tai stock in excess of the amount named
be made without three-fourths vote of all
of its outstanding stock.
In the event of a dissolution of the
charter the same shall be made by the
method and manner as provided by law.
ARTICLE vino stakeholder of this
corporation shall ever be held liable or
responsible for the contracts or faults of
this corporation in any further sum than
the unpaid balance due on the shares of
STOCK owned by him, nor shall any mere
informality in organization have the eff
feet of rendering this charter null or of
exposing any stakeholder to any liability
beyond the, unpaid balance due on his
stock.
ARTICLE yIII-The subscribers here
to have written opposite their names the
amount of stock in this corporation sub
scribed for by each of them, so that this
the original subscription list of said cor
poration.
Thus done and passed in my notarial
office in the City of New Orleans afore-
said, in the presence of Ralston s. Cole
and Edgar G. Gould, competent witnesses
of lawful age and residing in this city,
who hereunto subscribe their names to-
gether with the said parties and me. no. |
tary, on the day and date set forth in
the caption hereof.
ORIGINAL SIGNED):
PHILIP FORSCHLER, ct ais
witnesses: Ralston s. Cole, f. G. |
Gould.
W. A. wENCK.
Notary Public. |
i, 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 Sweet-F orschler Glass Com |
pany, Incorporated. was this day duly |
recorded in my office in book 1893 folio |
-.
New Orleans, La, January =, 1922
(Signed): ROBT. SCOTT.
Recorder Of Mortgages. |
A true copy:
W. A. WENCK.
Notary Public. |
CHARTER OF JOSE LAND COMPANY. |