The herald., 1922-07-20
CHARTER.

No sale or other transfer of assign
mcnt 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 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 90 days after such
stock is rendered for transfer on the
books Of this corporation. and no trans
fer Of any such stock shall he made on
the books Of this corporation during
the pendency of said 90-day period.
ARTICLE VI. All of the corporate
powers of this corporation and the man
agement of its affairs shall be vested
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-
alton shall have and exercise tn" power
granted to corporate OfhcerS by Section
l6 of Act 267 of 1914.
A majority of the Board Of Directors
shall constitute a quorum for the trans
action Of any and all business, and
any meeting shall be valid and corporate
acts within the scope. authority and
power of the Board of Directors.
Said directors shall he elected annu-
ally on the first Monday in July Of each
year. commencing with the first Monday
in July 1923. and such directors
elected shall hold office for one year. or
until their succrssors shall de duly
elected. qualified and installed Failur"
to elect directors at any annual meeting
| shall not dissolve the corporation. but
the directors then in Office shall hold
over until their successors are duly
| elected. qualified and installed.
| Each stakeholder Of reNbrd on the
books of said corporation. shall be emit
| tied to cast at such meeting, either in
person or by proxy. one vote or each
share Of stock held by him, and a ma
jorty Of the votes cast at such meeting
| shall elect or decide any other question
| before IL.
All meetings OF said stockholders or
directors shall he held at the domicile
| of the corporation. except with the writ
| ten consent Of all directors. valid meet
| ings of directors may he held outside Of
| the state or in the state, elsewhere than
: at its dOmicile.
| ANY vacancy occurring. for any cause.
! In the Board of Directors, between the
dates Of the annual meeting herein pro-
vided for shall he 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 President. one or
more Vice-Presidents. a Secretary, and
a Treasurer, but whNh two latter offices
may he combined in one and the same
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
corporation is hereby fixed at five, and
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 Grind GRIND
| Grundmann and John Chetta shall com
pose the first Board Of Directors, who
shall serve until the first election of
directors. or until their successors are
duly elected. qualified and installed: and
until that time Ellis JOrdy shall be
1 President: John Chetta. Vice-President.
and Frank Grundmann. Secretary-Treas-
ARTICLE VII. This charter may he
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-
mality in organization have the effect
OF rendering this charter null or of eN-
posing a member to any liability than
as above provided.
Thus done and passed in my office at at
the day ana GATE hereihdDoNe "ri,en'
4 in the presence of II. Turegano and IL.
| Nunez competent witnesses. who here
unto Sign their names with said appear
ers and ,,ie Notary, after due reading
Original signed: Frank Grundmann,
| 40 shares. New Orleans. La: Charles +.
Grundman. - shares. New Orleans. La. !;
Geo. Gsundmann, 25 'shares. New Or
leans La: John Chetta. 10 shares New
Orleans La: Ellis f. Jordy, 30 shares.
New Orleans, La.
Witnesses:
/ II. TTREGANO.
Il. NUNEZ.
ROBERT r. RAMOS.
Notary Public
| true copy.
| New Orleans. La. June 2s. 1922.
| ROBERT r. RAMOS.
Notary Public.
InlY G-AnO 10