The herald., 1922-08-31
CHARTER.

other stockholders desiring to pur-
chase stock under this article must in
due time, give notice of such notice to
tfO Secreairy-treaSurer of this CORPORA
tivn. In the event that the other stock
hOlder offer to buy more stock than is
offered. stockholders offering to buy
snail be entitled to buy the offered
stock in the ratio of their then stock
holdings in this corporation. For the
purpose of this article, the book value
shall be determined by the figures as
shown on the last financial statement.
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 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 1t may pass any
stock sold, transferred or assigned
without 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 books of this corporation, and no
transfer of any such stock shall be
made on the books of this corporation
during the tendency of said 9O-day
period.
ARTICLE Wall or the corporate
powers of this corporation and the
management of its affairs shall be
vested in and controlled by the board
of directors, to be composed of not less
than three nor more than five stock
holders. except that the officers of this
corporation shall have and exercise the
power granted to corporate officers by
Section 10 of Act 267 of 1914.
A majority of the board of directors
shall constitute quorum for the
transaction of all business. and a ma
pOrity vote of the quorum present al
pOrate acts, within the scope. authority
and power of the board of directors.
Said directors shall be elected annu-
ally on the second Tuesday in January
OF each year commencing with the
second Tuesday in January, 1924. and
such directors so elected shall hold of.
flee for one year or until their success.
sors shall be duly elected. qualified
and installed. Failure to elect direC.
tors at any annual meeting shall not
dissolve the COrportion. but the direc
tors then in office shall hold over un,
til their successors are duly elected
qualified and installed.
Each stockholders of record on the
books of said corporation shall be en-,
titled to cast at such meeting, either
in person or by proxy, one vote fOI
each share of stock held by him, and 4
majority of the votes cast at such
meeting shall elect or decide any other
question before it
All meetings or said stockholders OF
directors shall be held at the domicile
of the corporation. except with tn,
written consent Of an directors. valid
meetings of directors may be held out,
side of the State or in the State. else.
where than at its dOmicile.
ANY vacancy occurring. for any cause
in the board of directors. between the
dates of the annual meetings herein
provided for. shall be filled by the re.
naming members of the board of di'
rectorS.
Immediately after the annual election
of directors. they shall meet and elect
from their number a president, one OF
more vice-preSidentS. a secretary ano
a treasurer. but which two latter Of
fices may be combined in one and the
same person. The duties of such Of
ficerS shall he such as usually pertain
to the position to which they are elect
ed. and such as may be provided for IT
the bylaws, or as may be designated
by the board of directors at any regu
lar or special meeting.
The present board of directors of this
corporation is hereby fixed at five ant
until the first annual meeting OF th'
stockholders for the election OF dlrec
tors to be held on the second Tuesday
in January. 1924. Edward Wunderllch
Fred. Gamble Horace Wilkinson. j. b
Bassich, and +. L. Bassich shall com
nose the first board of directors. Wh'
shall serve until the first election o
directors, or until their successors arr
duly elected. qualified and Installed
and until that time. Edward Wunder
Itch shall be president; r. +. Basslch
/
| and J. Il. Bassich. secretary-treasurer
ARTICLE Widths charter may b'
amended, or this corporation may b
dissolved i'm the method and name
ARTICLE VIII-No member of thi
| corporation shall ever be held liabl
! or responsible for the contracts
| faults of this corporation in an.
/ further sum than the unpaid balanC
! for his stock subscription. nor sinai
any mere informality in organlzauo'
have the effect of rendering this char
ter null or exposing member 10 an
! liability than as above proVlueu' ss;o
! Thus done and passed in my offlc
| at the City of New Orleans, Louisiana
on the day and date hereinaboVe writ
| ten, in the presence of Il. Turegano an
j. Myhand competent witnesses, WI
hereunto sign their names with sa
appearers and me. notary, after du
| reading of the whole.
| lORIGINAL SIGNED:
fdw. underlich. shares, 1873 Broad
way; II. wilkinson, 5 shares. Port a.
Gretna, La: p. +. Vallee d Co.
shares, 2O4 Decatur St; +. \. Gamol'
shares. 4152 Canal St; J. p HenlcaI
shares us yar iass w RIaGe; Df Bldg
Dibon & owen. Ltd, shares az II
terstats Bank Bldg; Thos. P. Graham
share 404 Magazine St: WIN. c.!
Clark, Jr, / share, 31l Baronne 81
Louis ChrlStlahson, per o, - U,~"bano
shares. Room c. Sugar ETchang
Bldg, New orleans. La; ID. II. HoIi
man. l share, sos Tchoupitoulas 81
New Orleans. La: J. b. Bassich;
trust. I shares. 3O7 Interstate ban
Bldg, New Orleans. La; Raymon
Bassich, in trust, shares, 1873 refer
Avenue. >,,.L,,
witnesses: b. Turegano. j; Myhan'
fSeaD: ROBERT r. RAMOS,
Notary Public
A true copy: o.,oc
| (SeaD: ROBEkI X. 1920