The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-02
CHARTER.

the event of their failure to exercise their
right under said option a. herein provid-
ed the stakeholder 50 Offering his STOCK
for sale shall have the right 10 dispose
OF same i'll the open market
ARTICLE IV-The corporate powers ot
this corporation and the full management
of lis business and affairs shall be vested
i'm and exercised by a board of directors
composed of three stockholders. eath OF
whom shall own in his own right. at lei>t
one full paid and uupledged share OF the
capital stock; majority Of which said d.
rectors shall constitute quorum Tor the
transaction of all business.
Election for directors by the stock
holders shall he held annually on the sec
Ond Monday in February mt the domlcllr
of the company, under the supervision OF
two commissioners to be appointed by
the president after notice thereof. TO be
delivered personally or by depOsiting in
the post office. properly addressed TO each
stakeholder. at least fifteen days before
such meeting in accordance win othef
provisions of the law.
All elections shall be by ballot and n
majority of the votes cast shall elect. and
each share of stock shall be entitled TO
one vote, either by proxy or IN person
Each board Of directors shall. at its first
meeting after its election elect from its
number n president. "A vice-president ana
a Secretary-treasurer; who shall hold or
flee until their successors shall have been
duly elected and qualified. The board
shall have power in its discretion TO unite
two or more Offices, and the same 10 con-
fer upon one person.
The said board shall also nave full
power and authority to borrow money.
and through its president, or some other
duly authorized agent OF agents. 10 exc
cute mortgages. issue bonds. notes or
other obligations in such amount and on
such terms as in their Judgment may be
advantageous, and generally 10 do all
things necessary for the proper carrying
on of the business of said corporation.
Any vacancy occurring in said board of
directors shall be filled by the remaining
directors for the uneNpired term.
The first board of directors shall con-
Sist of: Philip FOrschler, residence No
go MOntegut street, New Orleans, La
Allen H. Sweet, residence Monroe. La,
and Philip \. Forschler. residence No. 6ly
MOntegut street, New Orleans, La. with
the said Philip FOrschler as president
Allen ii. Sweet as vice-president and
Philip FrOschler as secretary treasurer.
who shall hold office until the second
Monday in February 1929, or until their
Successors shall have been duly elected
and qualified.
ARTICLE y-The stock subscription OF
Philip Forschler for one thousand shares
of the capital stock and of Allen ii. sweet
for one thousand shares of the capital
stock of this corporation is TO be paid for
by the sale and transfer by them TO this
corporation of all their right title and In.
terest of every nature and kind of, in and
to the following described patents, to-wit
Patent No. i5S.3l5 issued by the United
| States Patent Office. for a patent on &
coin saving bank. together with all amend
ments or additions to said patent or pa
! tent rights whatsoever.
/ ARTICLE VI-The charter of this cor
| poration may be amended at meeting
of the stockholders called for that pur
! pose by vote Of twO-thirds of all it
/ stock: but change of objects and pup
| poses as fixed herein shall not be made
without a vote of all the stock Heretofore
| issued. nor shall any increase in the CAPT
! tai stock in excess of the amount named
| be made without three-fourths vote of al
/ of its outstanding stock.
! In the event of q dissolution Of TIT
charter the same shall be made by thu
method and manner as provided by law
! ARTICLE VINO stakeholder of thi
corporation shall e"er be held liable %
| responsible for the contracts or faults o
this corporation In any further sum thar
the unpaid balance due on the shares o
stock owned by him. nor shall any mer,
informality in organization have the eff
feet of rendering this charter null or o
| exposing any stakeholder to any liabilit,
beyond the unpaid balance due on hi
| stock.
ARTICLE vIII-The subscribers here
| TO have written opposite their names tn
| amount of stock in this corporation sub
! scrbed for by each of them, so that thi
act of incorporation shall also serve a
the original subscription list of said cor
pOratiOn.
Thus done and passed in my notaria
| Office in the City of New Orleans afOre
said. in the presence of Ralston s. Col
and Edgar G. Gould, competent witnesse
of lawful age and residing in this city
| who hereunto subscribe their names TO
gether with the said parties. and me, no
tary, on the day and date set forth Il
the caption hereof.
| ORIGINAL SIGNED:
PHILIP FORSCHLER. ct ais.
Witnesses: Ralston s. Cole, +. c
Gould.
w. A. wENCK.
Notary Public
1. the undersigned Recorder of Mort
cages in and for the Parish of Orleans
State of Louisiana, do hereby certify tha
the above and foregoing act of incorpora
, ton of the Sweet Forschler Glass Con
, pany, Incorporated. was this day dull
recorded in my office in book 1888. foil
New Orleans, La, January :, 1922
(Signed): ROBT. SCOTT,
, Recorder of Mortgage
, true copy:
W. A. wENCK.
. Notary Publ
Feb. 9-Mch. Is