The herald., 1922-01-12
CHARTER.

company for all or any portion of or in
terest in the properties transferred TO
this corporation. upon such terms and
at such appraiSement as i'll their Judg
ment may be proper; and generally 10
do all such things as may be necessary
! or convenient and proper To carry out
the purpose for which this corporation
| il organized, and to exercise its cOrpor.
ate powers. Vacancies occurring in tho
Board of Directors may be filled for the
remaining term of the Board by the re
naming directors or director whether Il
quorum remain or not. Special meet
iugs of the stockholders may be called
by the Board at any time, ana shall be
called at the instance OF the shareholders
holding twenty five per cent 20 per cent
of the stock of the corporation; and Of
all such meetings notice snail be given
in the manner provided as To annual
meeting; provided, that in all eases all
notices may be waived. y quorum AZ
any meeting of the stockholders shall
consist of majority Of the voting stock
of the corporation. represented IN person
or by proxy. y majority of such quorum
shall decide any question that may CONS
before the meeting. Until the next an
nuaI meeting of the stockholders for cleo
tion Of directors, to be held under TINS
charter on the last Wednesday in Janu
airy. 1873, or until their duly qualified
successors are elected and installed. the
Board OF Directors shall be composed OF {:
Leo Fellman, pOStOfhce address 30 Ia
rome street. New Orleans, La; Alice L.
Fellman, pOStUftce address l5lt Robert
street New Orleans, La; Laurel Fell
man, pOstOftice address 30 BarOnne
street New Orleans, La, and such other
members as may be provided for and
elected by the Board under the above
authorization, with the said Leo Felimdn
as President and said Laurel Fellman as
Vice President.
ARTICLE VI Whenever this corpora
ton Is dissolved. either by limitation of
time or Dy determination 81 the stock
holders, its affairs shall Ice iquidated
under the supervision of three 30 ltqui-
dators to he appointed for that purpose
at a general meeting of the stockholders
convened after at least fifteen 40 days
notice, which shall be sent by mail 10
all of the stockholders, at their last
known poStofnce address. or if no other
pOstOfiice address is known, to the Gen
eral Delivery at New orleans, and shall
likewise be published for ten consecutive
days i'll one daily newspaper published
in the city of New Orleans. In case -.
death, resignation or inability to act, E
one OF the liquidatOrs. the vacancy shall
be filled by the remaining liquidators.
The said liquidators shall remain in
office until the affairs of the corporation
shall have been fully settled and liqu
dated. and shall have full power and
authority to transfer and give title TO
all assets and property of the corpora
distribute the proceeds.
ARTICLE VII. This act of incorpora-
ton may be modified, changed, altered
or amended, or said corporation may be
dissolved with the assent of twO-thirds
(2-3) Of the entire outstanding capital
stock, at general meeting OF the stock
holders convened for that purpose, after
previous notice shall have been given in
the same manner as provided IL Article
VI for notices of meetings for the cleo
ton of liquidatOrs. Any increase or de-
crease in the capital stock which may be
proposed or made shall be made in ac-
cOrdance with the laws Of the State OF
Louisiana, on the subject of altering the
amount of capital stock of corporations.
No stakeholder shah be held liable or re-
spOnsible for the contracts or faults of
said 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 effect
Of rendering this charter null or expos
ing any subscriber to any liability be-
yond the amount due on his stock.
ARTICLE VIII. This corporation shall
commence business operations as soon as
One-half Q-2) of its authorized capital
stock shall have been subscribed for, and
one-half (1-2) of the subscriptions shall
have been paid in cash or property. In
order that this charter may also serve as
an original subscription list, the subscrib-
ers hereto have set opposite their names
Ine uuInDeT Oh SHdTeS OF eacn class OF SIOkk
subscribed for by each of them. There !
is annexed hereto, to be read in cOnnec- |
ton herewith, an accurate, detailed and |
itemized description of the properties to !
be conveyed to this corporation in pay |
ment of the subscription to its capital !
stock, being twenty-six hundred and |
eighty-One shares of the par value of One |
Hundred Dollars (S10O.00) each, the said |
statement showing the amount, location, |
extent, character and state of improve
ment of the said properties, together with |
a statement of the value thereof, as aD-
praised by the Board of Directors, which
is the sum of Two Hundred and Sixty
eight Thousand One Hundred and Eighty,
six Dollars and Thirty-eight Cents
(S26S. 1888.
Thus done and passed at my office in
this city, on the day, month and year
first above written, in the presence oC
=. Baker and Selma Elias, CON-
petent witnesses, residing in this city.
who have hereunto signed their names
with the appearers and me, Notary, after
due reading of the whole.
(Signed) LEO FELLMAN
AND OTHERS.
WINTHROP p. BAKER,
SELMA ELIAS.