The herald. [volume] (New Orleans, La.) 1905-1953, 1922-09-21
CHARTER.
for the transaction

constitute a quorum for the transaction
of business.
The directors may vote in person or
by written proxy in favor of any other
director, and the board may vote viva
yoce.
The first Board of Directors shall be
composed of Albert HurwitZ, Louis Bern
stein, Victor Hurwitz, Samuel Mintz and
Miss Ella HurwitZ, whose addresses are
as follows:
Albert Hurwitz, address 34OO Napoleon
avenue. New Orleans, La.
Louis Bernstein, address 240S Milan
street New Orleans, La.
Victor Hurwitz, address 3i00 Napoleon
avenue, New Orleans. La.
Samuel Mintz, address 3403 Napoleon
avenue, New Orleans. La.
Miss Ella Hurwitz, address 300 Napoleon
avenue, New Orleans, La.
The officers of said corporation shall be
rs follows: Albert Hurwitz, President;
Louis Bernstein, First Eice-Presdent and
Manager; Victor Hurwitz, Second Vice
President; Samuel Mintz, Treasurer; Miss
Ella HurwitZ, Secretary.
These directors and Officers shall serve
until the third Monday Of July, 1873, or
until their successors shall have been duly
elected and qualified.
The annual meeting of the stockholders
for the election of officers shall be held
on the third Monday of July. beginning
with 1923. unless such day shall be
legal holiday, and then on the next non
holiday thereafter. At said annual meet
ing The Board OF directors snail De CHOSEN,
and Immediately thereafter, or as soon
as possible, the directors shall meet and
elect the officers of the company, but
failure to hold an election shall not dis
solve the corporation, but the directors
shall hold their respective offices until
their successors are elected.
Any vacancy among the directors. occur
ring by death, resignation or otherwise,
shall be filled for the uneXpired term by
the remaining directors.
At all elections each stakeholder shall
he entitled to one vote for each share of
stock standing in his name on the books
of the corporation. He may east his vote
by written proxy. \ majority of the
votes shall elect. At all elections by the
StOckholders the vote shall be cast by
ballot.
A meeting or the stockholders of the
corporation may be held at any time at
the request of any two members Of the
Board of Directors. the stockholders to
be given fifteen 40 days written notice.
which will state the object of the meet
| ing and be addressed to the last known
place of address of the stockholders.
ARTICLE VI. In case Of the increase
of the capital stock by the preferential
right to buy the new issue in the ratio
| of their holdings Of the cOmpany's stock.
ARTICLE VII. No notes or other ne
gotiable instruments, and no orders for
the payment of money, and no contracts
running for a period exceeding one year
shall be valid unless the same shall be
authorized DN the signatures OF TWO OH
GERS of the company.
ARTICLE VIII. All sales and other
transfers of the stock of this corporation
shall be void unless said stock shall have
been previously offered TO the then hold
ers of stock through the Board of Direc-
tors at a stipulated price. and If the ex-
| listing stockholders and the Board of
Directors do not see hit to purchase the
| said stock, then IL shall not be sold AT
| less price or upon more favorable terms
I Npif moi EatN IN rd
at such price and upon such terms. The
| then holders Of the stock shall have the
right to purchase said stock in the ratio
of their holdings This provision shall
be printed, written or stamped on each
certificate of stock.
| ARTICLE IN. In the event of the
| liquidation or dissolution Of this corpor-
| alton the stockholders shall elect two
a meeting convened for that purpose
after fifteen (15) days written notice sent
to each stakeholder by mail to his last
known address; said liquidators shall have
the authority to wind Up the bushes:
and affairs Of this corporation. In cast
Of the death of a liquidatOr, the survivors
shall appoint a stakeholder as successor
to him.
ARTICLE Y. This charter may b.
modified, changed or altered, or said cor
poration may be dissolved with the assen
of stockholders owning two-thirds OF tn
entire capital stock, at a general meet
ing of the stockholders convened for tina
purpose, after fifteen I'D days writer
notice shall have been given to eacl
stakeholder, mailed to him at his las
known address.
|, ARTICLE Nj. No subscriber for stoc
shall ever be held liable for the con
tracts, faults or debts Of said corpOratio
! in any further sum than the unpaid bal
. ance, il any, due the corporation on tn
stock for which he has subscribed; no
shall any stakeholder ever be held liabl
far o,,ch 6ahfQ
further sum than the unpaid balance
any, On the stock owned by him; no
shall any mere informality In organizatto
have the effect of rendering this charte
null or rendering any subscriber or stock
holder liable beyond the unpaid amount
. IL any, remaining due on his stock.
ARTICLE XII. This corporation
organized under the laws OF the state o
, Louisiana, and especially Act 26I Of 1911
and the subscribers hereto, for themselve
and said corporation, and for its officers
directors and stockholders, hereby accep
as part of this charter and as condition
Of this corporation all the rights, powers
privileges and immunities granted I
: corporations and granted to and con
ferred upon officers, directors and stock
/, holders of corporations by said laws an
said act; such acceptance being as ful
complete and binding as II said rights
powers, privileges and immunities wer
set forth at length In this instrument.
Thus done and passed In my notaris
office in the city of New Orleans, afore
said, in the presence OF Z. X. Ferrer
. of lawful age and residing in this cit,
who hereunto subscribe their names, to
: gether with said parties and me, Notar,
on the day and date set forth In IN
caption thereof.
. Original signed: Samuel Mintz,
shares; Albert Hurwitz, 80 shares; LOU