The herald., 1922-10-05
CHARTER.

constitute a quorum for the transaction
Of business.
The directors may vote in person or
by written proxy in favor of any other
director. and the board may vote viva
voCc.
The first Board of Directors shall be
COMPOSED of Albert HurWitZ. Louis Bern
stein. Victor HurwitZ. Samuel Mint and
Miss Ella Hurwitz, whose addresses are
as follows:
Albert Hurwitz, address 34OO Napoleon
avenue, New Orleans, La.
Louis bernstein. address 2i0S Milan
street. New orleans. La.
Victor IIur,yitz, address 800 Napoleon
avenue. New orleans, La. ,,,,
samuel Mint. address 3i05 Napoleon
avenue, New Orleans. la.
Miss Ella IIurwitz. address 3iG0 Napoleon
avenue, New Orleans, La.
The officers of said corporation shall he
aS follows: Albert Hurwitz. President,
Louis bernstein. First Vice President ana
Manager, Victor llurwitz. Second Vice
President. samuel MINT, Treasurer; Miss
Ella liurwitZ. Secretary.
These directors and officers shall serve
untit ia" third Monday of July, lH-i. or
UutIl their successors shall have been duly
elected and qualified.
The annual meeting Of the stockholders
for the election of officers shall b" held
ON the third Monday of July, beginning
with 1923. unless such day shall Ice a
legal holiday. and then on the next non
y
ing the Board IF directors Shall Ice chosen,
and Immediately thereafter. or rs soon
as possible, tn" directors shall meet and
elect the officers of the company. hut
failure to hold an election shall not dis
>oly" the corporation but the directors
shall hold their respective offices until
their successors are elected.
Any vacancy among the directors. occur
ring by death. resignation or otherwise,
shall be- filled for the uneNPired term Toy
! the remaining directors.
! At all elections each stakeholder shall
/ he entitled TO one vote for each share OF
stock standing in his name on the books
/ of the corporation. lie may east his vote
by written PROXY. y majority of the
votes shall elect. At all elections 10y the
! stockholders the vote shall be cast 10y
ballot.
\ meeting or the stockholders Of tn.
corporation may be held at any time al
! the request of any two members of the
| Board Of Directors. the stockholders 10
| he given fifteen 40 days written motto"
which will state the object of the meet
! Ing and be addressed to the last known
place of address of the stockholders.
! ARTICLE VI. In case Of the increaS,
/ Of the capital stock by the preferential
right to buy the new issue in the ratio
! Of their holdings Of the company stock
! ARTICLE VII No notes or other ne,
! .ctiable instruments, aud no orders fol
/ the payment of money, and no contracts
| running for period exceeding one ycal
shall be valid unless the same shall be
authorized 10y the signatures of two ON
GERS of the company.
! ARTICLE VIII. All sales and othel
| transfers Of the stock of this corporation
! shall be void unless said stock shall have
been previously offered TO the then hOld
ers of stock through the Board OF blrcc
tors at a stipulated price, and if the eA
listing stockholders and the Board o.
| Directors do not see lit to purchase th'
said stock, then it shall not be- soId a
a less price or upon more favorable term
without likewise Offering II TO the Boar'
/ at such price and upon such terms. Ih'
then. holders of the stock shall have th'
right to purchase said stock in the ratl'
Of their holdings This provision shai
be printed, written or stamped on eacl
certificate Of stock.
ARTICLE IN. In the event of tn
liquidation or dissolution of this corpOr
alton the stockholders shall elect Nv
liquidators from among their number a
a meeting convened for that purpose
after fifteen Qj) days written notice sen
To each stakeholder by mail TO his las
known address; said liquidatOrs shall haH
the authority TO wind UP the bushes
and affairs of this corporation. In cas-
of the death of a liQuidator, the survivor
shall appoint a stakeholder as successo
TO him.
ARTICLE y. This charter may b
modified. changed or altered, or said COZ
poration may be dissolved with the aSseI
of stockholders owning twO-thirds of IL
entire capital stock, at general nee
} ing of the stockholders convened for tn;
purpose. after fifteen ClJ) days Write
L notice shall have been given 10 eaC
q StockhOlder, mailed to him at his Ia
| known address.
> ARTICLE NJ. No subscriber for sto'
shall ever be held liable for the co
tracts. faults or debts of said corporate
= in any further sum than the uhpalu p ~
r ancc if any, due the corporation on q
stock for which he has subscribed; n
I shall any stakeholder ever be held liab
g for such contracts, faults or debts IN al
= further sum than the unpaid balance,
Q any. on the stock owned by him; n
u shall any mere infOrmality in organlzatl'
have the effect of rendering this chart
n null, or rendering any subscriber or stoc
l. holder liable beyond the unpaid amour
l. if any, remaining due on his stock
e ARTICLE XII This corporation
organized under the laws of the state
: Louisiana, and especially Act 26I OF ~
= and the subscribers hereto, for themselV
u and said corporation, and for its othcel
/ directors and stockholders. hereby arce
" as part of this charter and as conditio
20 of this corporation all the rights, poWel
= privileges and immunities granted
= corporations and granted to and co
2. ferred upon officers, directors and stoc
/. holders of corporations by said laws a
et said act; such acceptance being as ~
complete and binding as If said righ
Is powers, privileges and immunities we
set forth at length in this instrument.
p Thus done and passed in my notar
:. office in the city of New Orleans, afol
9 said, in the presence Of i. X. Ferre
AZ and Marcella Leach, competent witness
- of lawful age and residing in this CT
g who hereunto subscribe their names,
~ gether with said parties and me, Nota
> on the day and date set forth In
caption thereof.
IS. Original signed: Samuel Mintz,
shares; Albert Hurwitz, 80 shares; Lo