The herald., 1922-07-06

CHARTER.
q Western Newspaper Uniot

No sale or other transfer of assign
ment of stock in this corporation shall
be valid until and unless opportunity
to purchase such stock has first been
given in the manner heTeinabOve pro
vided to the other stockholders of this
corporation: and this right so vested in
the other stockholders shall follow into
any hands into which it may pass any
stock sold, transferred or assigned with
out such opportunity being given. and
may be exercised against the holder or
holders thereof within 30 days after such
stock is rendered for transfer on the
hooks of this corporation. and no trans
fer of any such stock shall he made on
the books of this corporation during
the pendency of said 9O-day period.
ARTICLE VI. All of the corporate
powers of this corporation and the man
agement of its affairs shall be vested
in and controlled by the Board of Direc-
tors, to be composed of not less than
three nor more than seven stockholders.
except that the officers of this corpOr-
alton shall have and exercise the power
granted to corporate officers by Section
Is of Act 267 of 1914.
A majority of the Board Of Directors
shall constitute Il quorum for the trans
action of any and all business, and a
majority vote of the quorum present nj
any meeting shall be valid and corporate
acts within the scope. authority and
power of the Board of Directors.
Said directors shall he elected annu-
ally on the first Monday in July of each
year. commencing with the first Monday
in July. 1923. and such directors st
elected shall hold office for one year. o!
until their SUCCESSORS shall ,be duly
elected. qualified and installed. Failur,
to elect directors at any annual meeting
shall not dissolve the corporation, but
the directors then in office shall hOlC
over until their successors are duly
elected, qualified and installed.
Each stakeholder of rebrd on thu
books of said corporation shall be emit
, tied to cast at such meeting, either IL
person or by proxy, one vote of eacl
share of stock held by him, and n ma
jority of the votes cast at such meetin9
shall elect or decide any other question
before ii.
All meetings Of said stockholders o.
directors shall be held at the -domicil
| of the corporation. except with the writ
| ten consent of all directors. valid meet
\ ings of directors may be held outside o
| the state, or in the state, elsewhere thai
ut its domicile.
| Any vacancy occurring. for any cause
| in the Board of Directors. between tn
| dates of the annual meeting herein pro
| vided for. shall be filed by the remain
ing members of the Board of Directors
Immediately after the annual election
| Of directors, they shall meet and cleo
from their number a President, one o
more Vice Presidents. Secretary, an
! a Treasurer, but whhh two latter office
may be combined in one and the sam
person The duties of such officers sha
he such usually pertain to the posi-
ton to which they are elected. and sue
! as may be provided for i'm the by-law'
or as may be designated by the Boar
of Directors at any regular or speci;
meeting.
The present Board of Directors of thi
corporation is hereby fixed at five. an
until the first annual meeting OF tn
laN1 L h4lI 81. lA atn s.f IL rns
tors to be held on the first Monday
July, 1923, Ellis Jordy. Frank Grund
man, Charles f. Grundmann. GeorG
Grundmann and John Chetta shall con
shall serve until the first election
directors. or until their successors IL
duly elected. qualified and installed an
until that time Ellis J3rdy shall shall -
and Frank Grundmann, Secretary-Trea
urer.
ARTICLE VII. This charter may
amended or this corporation may be di
solved in the method and manner pr
ARTICLE VIII. No member of tn
corporation shall ever he held liable (
responsible for the contracts or faul
of this corporation in any further su
than the unpaid balance for his stoc
subscription. nor shall any mere info
mality in organization have the che
Of rendering this charter null or of O.
as above provided.
Thus done and passed in my office
the city of New Orleans, Louisiana.
the day and date hereinabove write
in the presence of r. TureganO and
Nunez. competent witnesses who her
unto sign their names with said appea
ers and me. Notary, after due readir
OF the whole.
Original signed: Frank Grundman
40 shares. New Orleans. La: Charles
Grundman. % shares. New Orleans. La
Geo. Gsundmann, % ishares. New q
leans, La: John Chetta. 10 shares. Ne
Orleans La; Ellis f. Jordy, 80 share
New Orleans. La.
Witnesses:
. r. TT'RFGANO,
+, Il. NUNEZ.
? ROBERT r. RAMOS.
Notary Public.
true copy.
New Orleans, La. June %. 1922
2 ROBERT r. RAMOS.
Notary Public.