The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-13
CHARTER.

! CHARTER.
: No sale or other transfer of assign
ment of stock in this corporation shall
! he valid until and unless opportunity
/ TO purchase such stock has first been
| given in the manner herenabOve 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 il 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 80 days after such
| stock is rendered for transfer on the
hooks of this corporation, and no trans
| the books of this corporation during
the tendency of said 9O-day period.
ARTICLE VI. All of the corporate
powers Of this corporation and the man,
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-
granted to corporate officers by Section
| 10 of Act 267 Of 1914.
majority Of the Board Of Directors
| shall constitute quorum for the trans
action of any and all business. and a
majority vote of the quorum present at
any meeting shall be valid and corporate
| acts within the scope, authority and
power Of the Board OF Directors.
| Said directors shall be elected annu-
! ally on the first Monday IN July Of each
in July. 1923 and such directors so
elected shall hold offi.e for one year. or
until their .succesIfs shall de duly
elected. qualified aad installed. Failure
to elect directors ct any annual meeting
shall not dissolv- the corporation. but
the directors thru in Office shall hold
| over until thGr successors are duly
elected, qualified and installed.
| Each stockhoIdar Of raAnrd on tho
! books of Sid corporation shall be enti-
1 tied to cast at such meeting, either In
| person or by proxy. one vote of each
| share o. stock held by him, and a ma
jority of the votes cast at such meeting
| shall elect or decide any other question
before II.
All meetings OF said stockholders or
directors shall be held at the domicile
| OF the corporation. except with the writ
ten consent Of all directors. valid meet
ings Of directors may be held outside Of
the state, or in the state. elsewhere than
at its domicile.
in the Board Of Directors, between the
dates Of the annual meeting herein pro-
vided for. shall be filled by the remain
ing members of the Board OF Directors.
Immediately after the annual election
Of directors, they shall meet and elect
from their number a President. one or
more Vice Presidents a Secretary, and
a Treasurer, but whNh two latter Offices
may be combined in one and the same
person The duties of such officers shall
be such as usually pertain to the posi-
ton to which they are elected. and such
as may be provided for In the bylaws
| or as may be designated by the Board
Of Directors at any regular or special
meeting.
The present Board Of Directors Of this
until the first annual meeting Of the
stockholders for the election Of direc-
tors to be held on the first Monday In
July. 1923. Ellis Jordy. Frank Grund-
Grundmann and John Chetta shall com
pose the first Board Of Directors, who
shall serve until the first election OF
duly elected. qualified and installed: and
until that time Ellis Jordy shall be
President; John Chetta, Vice-President.
and Frank Grundmann, Secretary-Treas-
| ARTICLE VII. This charter may be
amended or this corporation may be dis
solved in the method and manner pro-
| ARTICLE VIII No member 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 for his stock
| subscription, nor shall any mere infor-
maIity in organization have the effect
of rendering this charter null or of ex-
posing a member to any liability than
Thus done and passed in my office at
the city of New Orleans. Louisiana. on
the day and date hereinabove written,
in the presence of r. Turegano and II.
Nunez competent witnesses, who here
unto sign their names with said appear
ers and me. Notary, after due reading
| Of the whole.
Original signed: Frank Grundmann.
40 shares. New Orleans. La: Charles f.
Grundman, . shares. New Orleans, La
Geo. GSundmann, p ishares, New Or
leans, La: John Chetta. 10 shares. New
Orleans La: Ellis E. Jordy, so shares.
New Orleans. La.
Witnesses:
| r. TUREGANO,
| b. NUNEZ.
ROBERT r. RAMOS.
Notary Public.
A true copy.
New Orleans, La. June %, 1922
ROBERT r. RAMOS.
Notary Public.
July 6-Aug 10