The herald., 1922-09-07
CHARTER.

| due time. give notice of such notice to
| tho seCredtry-treasurer Of this corpora
tiUn. In the event that the other stock
| holder offer to buy more stock than il
! offered, stockholders offering to buy
| shall be entitled to buy the offered
/ stock IN the ratio of their then stock
! holdings IN this corporation. For the
purpose of this article, the book value
/ shall be determined by the figures as
/ shown on the last financial statement
/ NO sale or other transfer of assign
ment 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 itno
any hands into which il may pass any
stock sold. transferred or assigned
without such opportunity being given
ana may be exercised against the holder
! or holders thereof within 80 days after
such stock is rendered for transfer on
the books of this corporation. and no
transfer OF any such stock shall be
made on the books of this corporation
during the tendency Of said 9O-day
period.
ARTICLE VI-All or the corporate
powers Of this corporation and the
management Of its affairs shall be
vested in and controlled by the board
OF directors, TO be composed Of not less
than three nor more than five stock
holders, except that the officers of this
.
power granted to corporate officers 10y
Section l6 of Act 267 of 1914.
\ majority of the board Of directors
| shall constitute a quorum for the
transaction of all business, and a ma
pority vote Of the quorum present at
any meeting shall be valid and cor
porate acts, within the scope authority
and power Of the board of directors
said directors shall be elected annu-
ally on the second Tuesday in January
OF each year. commencing with the
second Tuesday in January. 1924. and
such directors so elected shall hold Of.
lice for one year or until their success
SorS shall he duly elected qualified
and installed. Failure to elect direc-
tors at any annual meeting shall not
dissolve the COrpOrtiOn. but the direc-
tors then in office shall hold over un-
til their successors are duly elected
qualified and installed
Each stockholders of record on the
books of said corporation shall be en-
titled to east at such meeting. either
in person or by proxy, one vote for
each share Of stock held by him, and a
majority Of the votes cast at such
meeting shall elect or decide any other
question before it.
All meetings or said stockholders or
directors shall be held at the domiCile
Of the corporation, except with the
written consent Of az directors. valid
meetings Of directors may be held out
side of the State. or in the State, else
where than at its domicile.
ANY vacancy occurring. Tor any cause,
in the board of directors. between the
dates of the annual meetings herein
provided for. shall he filled by the re-
naming members of the board of di
rcCtOrS.
Immediately after the annual election
of directors, they shall meet and elect
from their number a president one or
more Vicc-preSidentS, secretary and
a treasurer. but which two latter Of
ficeS may be combined in one and the
same person. The duties of such Of
ficers shall he such as usually pertain
to the position to which they are elect
ed, and such as may be provided for in
the bylaws. or as may be designated
by the board of directors at any regu-
lar 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 second Tuesday
in January, 1924, Edward Wunderlich,
Fred. Gamble. Horace Wilkinson, j. IL.
BaSsich. and Il. L. Bassich 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 Edward Wunder-
Itch shall be president: r L. Bassich.
vice-president and general manager,
and J. Il. Bassich. secretary
ARTICLE VII-This charter may be
amended. or this corporation may be
dissolved in the method and manner
provided by law.
ARTICLE NIII-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 informality in organization
have the effect of rendering this char
ter null or exposing member TO any
liability than as above provided.
Thus done and passed in my office
at the City of New Orleans, Louisiana,
on the day and date hereinabove writ
ten, in the presence OF Il. Iuregano ana
J. Myhand, competent witnesses, who
hereuntO sign their names with san
appearers and me, notary, after due
reading Of the whole.
ORIGINAL SIGNED):
Edw underlich. 5 shares. 1873 Broad
way; II. Wilkinson, ; shares. Port Al
len, La; Jules q. Fisher, shares;
Gretna, La: L. T.. Nallee & Co,
shares. 2O4 Decatur St; f. a Gamble
shares 1852 Canal St; J. Z. Henican'
5 shares, 2l5 Varities Place Geo. j:
Dibou & Owen. Ltd, shares, Az In
terstate Bank Bldg; Thos p. Graham,
l share 4Oi Magazine St: VIM. l..
Clark, Jr.. l share, 81 Baronne st;
Louis Christanson. per J. b. Bassich,
Bldg, New Orleans, La; d. II. Hoff-
man. l share, SOS Tchoupitoulas St.
New Orleans, La; J. Il. Bassich. In
trust, shares, 800 Interstate Sank
Bldg. New Orleans, La; Raymon L.
Bassich, in trust, Z shares, 1923 Peters
witnesses: 3. Turegano. J. Myhand
(SeaD: ROBERT r. RAMOS.
Notary Public.
CseaD: ROBERT r. RAMOS.
Notary Public.
Aup 17-Sept 81