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

of One Hundred Dollars (SlOeOO) each
said stock shall only be issued Tor caSh
or in payment ef property, actuay &c
ceiyed % purchased by said corporation.
The capital stock of this corporation may
be, Increased TO the sum of Fifty Ihou-
sand Dollars SJO,OOOO).
! ARTICLE V All the corporate powers
of this corporation shall be exercised OJ
a Board of Directors consisting OF -FOUR
| "a stockholders, a majority OF "hOh
shall constitute Il quorum LOT the trans ans
action of business. The directors may
| vote in person or by written proxy IN
| favor of another director. The Board
| Of Directors shall elect annually from
among their number a President. vice
| President a Secretary, and Treasurer
| The frst Board of Directors shall con
| Sist of four stockholders, ana Shal De
| composed of Frederick W. Scharfehstelh'
| Leslie l.. ScharfenStein. Lewis b. SchatL-
] en- stein and Jacob ID. Scharfensteln, WIN
| Frederick W. Scharfenstein as President,
| Leslie l., ScharfpnStein as Nice-PreSldeht
| Lewis H. Scharfenstein as Secretary, anu
Jacob ID. Scharfenstein as Treasurer;
| The post office addresses OF Sald ulreC-
tors are as follows: Frederick W. Scndrf-
| enstein. Si24 y Claiborne avenue, New
Orleans. La; Leslie L. Scharfensteih,
| Lewis Il. Scharfenstein, S422 5. Claiborne
| avenue New Orleans, La; Jacob II
Scharfs nStein, 1850 Baudin street, New
| Orleans, La. A..
|
| second Wednesday 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 Aid on the second NedneS.
day in May of each year. unless Sald
| day be a legal holiday. and then on the
next bank day thereafter Any vacancy
| occurring among the directors by death
! resignation or otherwise shall be hlled
| by election for the unexpired term by
| the remaining directors Each subscriber
| hereto sets after his name his postothce
address and a statement Of the number
| of shares of stock which he agrees to
| take in the corporation. At all cleo
| lions every stakeholder shall be entitled
to one vote for each share or stock
| standing in his name on the books or
| the corporation, to be cast in person or
| by his written proxy. majority OF
the votes cast shall elect.
ARTICLE VI. In the event OF the
poration. the stockholders shall elect
| three liquidatOrs from among their
| number at a meeting convened for that
notice sent to each stakeholder by mail
| to his last known address; said iqui.
| datOrs shall have the authority to wind
up the business and affairs Of this cor
| liquidatOr. the survivor shall appoint
| stakeholder as successor to him.
ARTICLE VII. This charter may De
modified: CHANGED or altered or SAID AID
1
| assent Of stockholders owning two-thirds
| of the entire capital stock at general
meeting Of the stockholders convened for
that purpose. after fifteen Q5) days
written notice shall have been given to
each stakeholder. mailed to him at his
| last known address.
ARTICLE Viii No Ssd subscribe n6sis fdr f fSs
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 sub
scribed; nor shall any stakeholder ever
| be held liable for such contracts, faults
or debts in any further sum than the
unpaid balance, II any, on the stock
formality in organization have the effect
of rendering this charter null. or render
| ing any subscriber or stakeholder liable
beyond the unpaid amount, if any, re-
naming due 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 first option TO
purchase the same. and in the event or
the death Of a stakeholder the right is
| hereby reserved to the remaining stock
holders TO purchase said stock at Its
then book value.
ARTICLE IX.-This corporation is or.
| ganized under the laws of the State OF
| Louisiana. and especially Act No. 26I OF
1914. and the subscribers hereto, for
themselves and said corporation, and
for its officers, directors and stOckhold-
ers, hereby accept, as part of this charter
and conditions of this corporation,
| all the rights, powers, privileges and
| immunities granted to corporations and
| granted to and conferred upon officers,
directors and stockholders of corpora
tions by said laws and said act: such
acceptance being as full, complete and
binding as if said rights. powers, priv
nd m m nj Ny,rn Snt
| length in this instrument
Thus done and passed in my notarial
office, in the City of New Orleans afore-
| said, in the presence of Andrew X. Mar.
tinez and Holger g. Kohnke, competent
witnesses of lawful age and residing in
this city, who hereunto subscribe their
names. together with said parties and
me, Notary, on the day and date set
| forth in the caption hereof.
Original signed: Names of subscribers
omitted)
ANDREW r. MARTINEZ.
HOLGER G.. KOHNKE.
W. w. YOUNG.
Notary Public
cages in and for the Parish OF Orleans
State OF Louisiana, do hereby certify
that the above and foregoing act of in
corporation of SCHARFENSTEIN MO
TORS CO., INC, was this day duly
recorded in my office in book 126S, folio
800.
New Orleans. May 5, 1922
ROBT. SCOTT, Deputy.
1 hereby certify the above and fore
going to be a true and correct copy OF
the original act of incorporation OF
SCHARFENSTEIN MOTORS CO. INC.
together with the certificate of the Re
cOrder of Mortgages on file and of record
in my office.
In faith whereof hereunto set my
hand and seal this 9th day of May, A. ID
, 1922
W. W. YOUNG.
Notary Public.
May 1S-June 90
CHARTER OF
FINE, KRON & CO., INC.
mi cd az Arnn al