The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-17
CHARTER.

and shall be personal property. n
transfer Of said capital stock shall b
binding upon this corporation unles
made in accordance with its Charte
and bylaws and recorded on the book
thereof.
ARTICLE V-No stakeholder ma,
sell. assign or transfer his stock II
this corporation without giving To III,
other stockholders. through the secre
tary-treasurer of this corporation, no
tice in writing of such intention, an,
the other stockholders shall have tn,
right for period Of 80 days from tn,
delivery of such notice to the Sccre
tary-treasurer to purchase all or any
part of the stock of such stOckholdrl
for cash at the book value thereof
| after which 30 days the said stock MAY
he sold without restriction.
Whenever the employment of any
stakeholder by this corporation i,
terminated by death. resignation. dis.
miSSal lapse of time or otherwise, the
other stockholders shall have the right
for 30 days from the date of such termi-
nation to purchase all or any part III
the stock of such stakeholder for cash
at the book value thereof. after which
30 days the sald stock may he sold
! without restriction.
Other stockholders desiring to pur-
chase stock under this article must i'm
due time, give notice Of such notice To
the SeCreatry-treaS urer of this corpora
ton. In the event that the other stock
holder offer to buy more stock than il
offered. stockholders offering To buy
shall he entitled to buy the Offered
! stock in the ratio of their then stock
! holdings in this corporation. For the
I purpose of this article. the book value
| shall he determined by the figures IS
shown on the last financial statement
/ No sale or other transfer of ASST gn-
ment of stock i'm this corporation shall
! be valid until and unless opportunity
| To purchase such stock has first been
given in the manner hereinabOve pro-
Vided to the other stockholders of this
| corporation and this right so vested in
( the other stockholders shall follow itnO
any hands into which it may pass any
stock sold, transferred or assigned
without such opportunity being given.
and may he exercised against the holder
or holders thereof within 90 days after
such stock is rendered for transfer on
! the books of this corporation and no
transfer Of any such stock shall br
made on the books of this corporation
during the tendency of said 90-day
period.
ARTICLE vI-Au of the corporate
powers of this corporation and the
mana cement of its affairs shall he
vested in and controlled by the board
of directors to he composed Of not less
than three nor more than five stock
holders, except that the Offices of this
corporation shall have and exercise the
power granted to corporate officers 10y
Section IL of Act 2i7 If 1914.
y majority of the board of directors
snail constitute quorum for the
tranSa ctinn Of all business and a ma
pority vote of the quorum present at
any meeting shall be- valid snd cor
porate acts, within the scope. authority
and power of the board of directors
Said directors shall be elected auDr-
ally on the second TUESDAY in January 7
of each year, commencing with the
second Tuesday in January. 1924 and
such directors so elected shall hold Of ,
wee Tor one year or until their success |
a al Ia 4 50
and installed. Failure to elect direc- |
TORS at any annual meeting Shall not /
dissolve the corDortion. but the iireC- |
tors then in office shall hold over nm
qualified and installed
Fach stockholders of record on the
hooks of said corporation shall be en-
utIed to cast at such meeting. either
III person or by proxy. one vote for
each share of stock held by him. and
majority of the votes cast ar such
meeting shall elect or decide any other
question before it
All meetings OF said stockholders ~
directors shall be held at the dorlirfIe
" the corporation. eXcept with tho
written consent OF all directors valid
meetings of directors may be held out
where than at its donicile
Any vacancy occurring for anv cause
n the board of directors. between the
iateS OF the annual meetings herein
provided for' shall be filled by the re-
naming members of the board of di-
'ectorS.
Immediately after the annual election
u directors. they shall meet and elect
rom thelr number president, one or (
more vice-presidentS, secretary md 7
treasurer. but which two latter Of
ices may be combined in one and the !
ame person. The duties of such Of 5
lcers shall be such as usually pertain
o the position to which they are elect :
d, and such as may be provided for I'm
ne bylaws or as may be designated
" the board of directors at any regu-
ar or special meeting. II
The present board of directors of this
is hereby fixed at five and '
lnul the first annual meeting Of the 5
stockholders for the election of direc- {
n January. 1924. Edward Wunderlich. ;
red. Gamble, Horace Wilkinson j. B. :
Sassich, and r. p. Bassich shall com ,
'3se the first board of directors WHO :
directors, or until their successors are .
iuly elected. qualified and installed; s
md until that time, Edward wunder- .
ich shall be president; r. p. Bassich. )
ma j. Il. BasSich, secretary-treasurer :
ARTICLE VII-This charter may be !
!mended: or this corporation may be J.
dissolved in the method and manner o
ARTICLE VIII-No member of this I
corporation shall ever be held liable !
" responsible for the contracts or
aults of this corporation in any
urther sum than the unpaid balance :,
or his stock subscription, nor shall y
my mere informality in organization
ave the effect of rendering this char =
er null or exposing a member to any !,
liability than as above provided
Thus done and passed in nv office /
I the City of New Orleans, Louisiana,
N the day and date hereinabov writ :
en-, in the presence of Il. Turegano and
Myhand, competent witnesses, who
ereuntO sign their names with sail =
ppearers and me, notary, after due y
eading of the whole.
(ORIGINAL SIGNED): o
Edw. underlich, shares. 1888 Broad U
'ay; III. Wilkinson, 5 shares. Port Al y
IN. La; Jules G.. Fisher, 5 shares, q
.retna, La: p. f. Vallee & Co. a
shares. 1852 Canal St; J. p. Henican =.
shares 2l5 Varities Place; Geo. ] q
lover, shares. 1893 Whitney Bldg; e
fbon & Owen. Ltd, . shares, 412 In %
1rstate Bank Bldg: Thos. p. Graham, .;
share. 4O4 Magazine St; VIM. l.. -
lark, Jr. l share, 81 Baronne ST ~
outs Christianson, per J. B. Bassich a.
shares, Room G. Sugar Exchange ~
ldg., New Orleans. La: ID. II. Hoff- n
IAN. ! share. COS Tchoupitoulas St, :.
ew Orleans, La; ]. b. Bassich. in ~
,ust. shares, 307 Interstate Bank &c
ldg:. New Orleans La: Raymon p. h,
assich, in trust, z shares, 1929 Peters 81
Witnesses: B. Turegano. J. Myhand. 5,
(SeaD: ROBERT r. RAMOS, 81
Notary Public. NJ
(SeaD: ROBERT r RAMOS al