The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-22
CHARTER.


objects and purposes. as well as TO eN,
ercse all rights and powers o0nIeFreu
on corporations by Act 261 OF lSlf'
ARTICLE ". The capital stock OF TINS
! corporation Is hereby fixed at the sum
| of Ten Thousand Dollars (SlO.ooO.Oo), 10
| be divided into and represented by Oh.
Hundred 200 shares In the sum OF
One Hundred Dollars tSlO.OOD ea'h
| said stock shall only be issued for cash
or in payment of property received or
| purchased by said corporation Inc
capital stock of this corporation my miay
| Dollars Isl, 600, 100000. The shares OF
| stock shall be transferable only on the
books of the corporation, and no trans
| fer of stock shall be binding or nave
any effect upon the corporation unless
and until made upon its books.
/ ARTICLE V. All the corporate pow
ers of this corporation SHAH De exercised
! by "A Board of Directors OF not less than
| three nor more than five stockholders,
a majority of whom shall constitute a
! quorum for the transaction Of business
| The directors may vote in person or ny
written proxy in favor of apother direc.
| for The Board of Directors shall elect
annually from among their number
President, a Eice-President' ana Sec
! rotary Treasurer.
The first Board OF Directors shall CON
sist of three stockholders, and shall be
composed % Thomas +. kron, Henry
r. Fine and August G. Flach, whose
present addresses are set opposite to
their respective names to the subscrip-
ton to the capital stock Of the corpor-
alton, with the said Henry X. Fine as
President, August c. FlaCh as Vice
President. and Thomas +. krOn as
! Secretary Treasurer. These directors shall
/ serve until the second Thursday in May.
1929. or until their successors have been
duly elected and qualified
The annual meeting of stockholders
for the election of directors shall be held
| on the second Thursday in May OF each
| a ln,. ln l.AaVs nj IL
day, and then on the next bank day
| thereafter. Any vacancy occurring among
| the directors by death, resignation or
otherwise shall he filled by election Tor
the unexpired term by the remaining
| directors.
Each subscriber hereto sets after his
name his pOstOfhce address and a state
ment of the number Of shares OF stock
in the corporation which he agrees to
| take. At all elections every stakeholder
| shall be entitled to one vote for each
share of stock outstanding in his name
on the books Of the corporation, to be
| cast in person or by written proxy. A
majority of votes east shall elect.
ARTICLE VI. In the event OF the
| liquidation or dissolution of this cor
poration. the stockholders shall elect
| three liquidators from among their num-
Der. at meeting convened for that pur-
pose after fifteen Q5l days written
to his last known address; said liquida-
tors shall have the authority to wind
up the business and affairs Of this cor
| pOratiOn. In case OF the death OF a
| liquidator. the survivors shall appoint a
| stakeholder as successor to him.
ARTICLE VII. This charter may be
modified: changed or altered. or said
corporation may be dissolved, with the
assent Of the stockholders owning two
thirds of the entire capital stock, at 4
general meeting of the stockholders con-
days written notice shall have been
given to each stakeholder, mailed to him
at his last known address.
ARTICLE VIII; No subscriber for
contracts. faults or debts of said cor
poration in any further sum than the
unpaid balance, il any, due the corpor-
alton on the stock for which he has
ever be held liable for such contracts,
faults or debts in any further sum than
the unpaid balance, if any, on the stock
owned by him; nor shall any mere in
fOrmality in organization have the effect
of rendering this charter null. or rem
dering any subscriber, or stakeholder
liable beyond the unpaid amount, if any,
remaining on his stock.
No stakeholder IN this corporation can
ever sell the stock owned by him in
this corporation, or any part thereof,
without first offering the same in writ
ing TO the other stockholders, through
the Board of Directors. at its then book
value, who will have the option to pur-
chase the same.
ARTICLE IN. This corporation is
organized under the laws OF the State
OF Louisiana, and especially Act 267 of
1914, and the subscribers hereto, for
themselves and said corporation, and for
its officers, directors and stockholders,
hereby accept, as part of this charter
and as conditions of this corporation, all
the rights, powers, privileges and i'm
munities granted to corporations, and
granted to and conferred upon officers
directors and stockholders of corpora
| lions DIV said laws and said Snph
acceptance being as full, complete and
binding as if said rights, powers, priv
ileSes ana lmmunities were set forth at
length in this instrument.
Thus done and passed in my notarial
office in the City Of New Orleans afore-
said. in the presence of Daniel J. Muir
ply and Jos. +. Gogarty, competent wit
nesses of lawful age and residing in this
together with the said appearers and me
Notary, on the day and date set forth
in the caption hereof.
Names OF subscribers omitted)
DANIEL J. MURPHY,
JOS. +. GOGARTY.
STANLEY McDERMOTT.
Notary Public
I, the undersigned Notary Public, dc
hereby certify that the above and fore
gong Is true and correct copy of the
original now on file and of record in
my notarial office.
! STANLEY McDERMoTT.
Notary Public
/. the undersigned Recorder of Mort
cages in and for the Parish of Orleans
State of Louisiana, do hereby certif,
that the above and foregoing act of in
corporation of FINE, KRON & co.
INC, was this day duly recorded in my
| office in book 126S folio
New Orleans, May IL. 1922
May 1s-June 80