The herald., 1922-10-12
CHARTER.
TO CHARTER OF
EGSpc.I SUPPLY COMPANY.

uI.ICaL SUPPLY COMPANY.
=, America, State Of Lou
rsitedp parish Of Orleans; % the month
~ % this 'a ,Ss wear of our LORD. one
.urust, ID 'hnndred and twenty-five,
s.sand nine denendence Of the united
p q the ln rica the one hundred ana
sstes Of before me. Eugene u. osun
80 .seyentD.v public, duly commissioning
10 Q N ,sad within and for tne P ari
"a aasns state OF LouisiH nS the wit
and in the prsse sem undersigned.
r..ses bereinss and appeared Leo l..
ss,onsly c1anoh c. Lazard, both resi-
Er,h snd !s citv OF New Orleans. state
ssts Of tne ~ the full age, herein ap.
= Louisiana acting for and on behaI Oh
ssripg anu no supply Company Louis
A Elect..,ion. dOmiciled In the lily
10. eoi8yieans, organized p Of IN and
Il t~uorepo. a Notary .aVa 90 ,onis-
=, The parish s,h day Of March, 1913, and
"a. on the .he Mortgage Office for the
~rofded N ,oans in Book 10SS, Folio Zi9,
ssrish OF oI w, 20 a resolution passed at
"a pursuauso of the stockholders.
peciai the 10Th day of July, lSZ2'
smvepea ~ eony Of which IS hereto at
ss .T and made part hereO'
''' ,.a appearers declared that at
And ssiu snaeting OF the stockholders
aN speclaI alton. convened on the 18th
aid Io n,r 1902, which had been CON
az Of yuy he especial purpose and nj
rsed listing the holders OF the entire
vsicn sock Of said corporaLtioh oen
apltsl s.s,hsr in person or by proxy,
,rssent. e'n s,oct OF said corporation WAS
ss capital So, SUI $50 10000 to $3.50, 100000.
irressed 20 effect said increase, as
nd IN o,u" o,bsr changes decided upon
rsl Is t VIZ Articles ", V and VII
Il SAID 1n.,tsy of said corporation were
ne and re-enscted SO as TO READ
y fellows; -, .,,,
ARIISL hall be Two Hundred and
sporaumTsna rssnd Dollars $3.50 ,OOO:O0D,
rJ in,n twenty-five Hundred (2oOol
tsioeo the mar value or One hundred
a;rss 5000 per share, payable wheh
D WILL IN cash or other property, OF LOT
rsss,sss rendered or actuaiiy PnntnrS.
vr'.asS by the Board OF directors;
% oeisu. declaration is TO be a going
ssd N" ,hsn Fifteen Thousand Dollars
tsncsrnna M, IN said stock has been sub
Nsvv Maid for. Said stock shall
rnoeo sn by certificates and shall
n. nsid and worcestershire when
m", md shall be personal property.
Emory No stakeholder shall ever
Ahlh,. A. responsible for the Indebted
ms sn,.s m defaults Of this corpor-
40 ~, ,hsll any mere informality In
inen.sss.n,,ation Of the corporation have
us .ssct OF rendering the charter nun,
exposing the stockholders 10 any
gI,m,, beyond the unpaid balance. II
, ns o. hi; stock subscription.
=, soekholder shall ever be liable or
ms".,sibls for the Indebtedness, faults
= ssssults Of this corporation. nor shall
y, mere informality In the organization
IN. rornoration have any effect OF rem
-. ths charter null, or Of exposing
y. s,oetholders to any liability beyond
y. ,.neid balance, II any. on his stock
inscription.
\. s,oekholder may sell, or assign, or
,..sssr his stock in this corporation
ssss the Secretary of this corpora
~. rat,ee in writing Of such intention.
~ M other stockholders shall have the
IA sot a period Of ten days from the
n,i,., OF such notice to the Secretary
= ssrchase all or any part Of the stock
= such stockholder for cash. at the book
,,,ss thereof. after which ten days The
ia stock may be sold without re-
arction.
o,A,r stockholders desiring to purchase
AL under this article must In due time
N notice Of such desire to the Secre-
IN Of this corporation. In the event
al other stockholders offer to buy more
ssrt han Is offered for sale, stockholders
.Sdas 10 buy shall be entitled to buy
4, altered stock In the ratio OF their
An stock holdings in this corporation
~ he purpose Of this article the book
nine nall be determined by the figures
n shown on the last monthly financial
yaiement
No sale, or other transfer. or assign.
nent Of stock In this corporation shall
n valid until and unless opportunity tc
purchase such stock has first been gfver
Il the manner hereinabove provided &c
As other stockholders Of this corporation
md this right, SO vested in the othei
frkholders, shall follow Into any hands
Into which II may pass any stock sold
tnnnerred or assigned, without sucf
opportunity being given, and may be ex
rrsed against the holder or holder,
hereof within ninety (90) days after suct
tock "a rendered for transfer on tn,
bcsks Of this corporation, and no transfer
Il any such stock shall be made on thu
bsoks Of this corporation during the pen
tsney Of said ninety (90) day period.
ARTICLE VII. The business Of Till
sperstion shall be directed by and al
u rs corporate powers vested in Boart
d Directors composed Of five stockhold
q majority Of whom shall constitute
quorum for the transaction of all bus
nen Until the next annual election o
dlsectors 10 be held under this charter
until after their duly qualified sue
csson are elected and Installed, tn
Beard Of Directors Of this corporation
Gall be composed Of L. l.. Hirsch, M. ]
ngutter. T. Hirsch, J. G. Lazard ant
Lnr Levy, the postiffice addresses o
u Of whom is New Orleans, La, will
l: Hirsch as president, NJ. J. Elgutte
ne-president, T. Hirsch as secretary
md J. c. Lazard as treasurer. The an
NAL election for directors shall be hel,
the third Wednesday Of June of eacl
var beginning with 1923. All such cleo
nsns shall be by ballot at the office o
ns corporation. between the hours o
w Z m. and 400 p. m, under tn
supervision Of three commissioners to b
ppointed by the Board Of Directors. an,
ne absence Of any commissioner tn
PRESIDENT shall have the power, to I'LL tn
pno BY appointment. Failure to hol
ns election on the day specified shall no
a assel!e the corporation. but the director
~ IN office shall hold their respectiv
VICES until an election shall be held
suf nfteen days notice Of the time an
nc thereof is given to each stockholdel
a. vacancies on the Board Of Director
Mnatever cause shall be filed by tn
rnaining directors.
i@ all elections of directors, as well n
metings Of stockholders, except a
ueNise required by law, fifteen days