The herald. [volume] (New Orleans, La.) 1905-1953, 1922-10-19
CHARTER.
quorum for the transaction

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
| yOce.
The first Board of Directors shall be
composed Of Albert Hurwitz, Louis Bern
stein. Victor Hurwitz, Samuel Mintz and
Miss Ella Hurwitz, whose addresses are
as follows:
Albert Hurwitz address 300 Napoleon
avenue, New Orleans La.
Louis Bernstein. address 2i0S Milan
| street, New Orleans, La.
Victor HurwitZ, address 3i00 Napoleon
| avenue, New Orleans, La.
Samuel Mint address 3i03 Napoleon
avenue, New Orleans, La.
Miss Ella Hurwitz. address 300 Napoleon
avenue, New Orleans, La.
The officers of said corporation shall be
as follows: Albert HuTwitz, President;
Louis Bernstein, First Nice-President and
| Manager; Victor Hurwitz, Second Vice
/ President; Samuel MintZ, Treasurer; Miss
| Ella Hurwitz, Secretary.
| These directors and officers shall serve
until the third Monday OF July. 1923. or
until their successors shall have been duly
\ elected and qualified.
The annual meeting Of the stockholders
| for the election of officers shall be held
on the third Monday of July, beginning
| with 1923, unless such day shall be Il
| legal holiday. and then on the next non
| holiday thereafter. At said annual meet
| ing the Board of Directors Shall be chosen,
and Immediately thereafter: or as soon
| as possible, the directors shall meet and
| elect the officers of the company, but
| failure to hold an election shall not dis
solve 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 unexpired term by
| ha f1,fn
! At all elections each stakeholder shall
be entitled TO one vote for each share of
| stock standing in his name on the books
of the corporation. He may east his vote
by written proxy. majority of the
votes shall elect. At all elecrOns by the
stockholders the vote shall be cast by
ballot.
A meeting OF the stockholders OF the
corporation may be held at any time at
the request of any two members of the
Board of Directors, the stockholders 10
be- given fifteen 90 days written notice.
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 increase
Of the capital stock by the preferential
right to buy the new issue in the ratio
of their holdings of the cOmpanys stock.
ARTICLE VII. No notes or other ne
gOtiable instruments, and no orders for
the payment of money, and no contracts
running for peri od exceeding one year
authorized by the signatures of two ohi-
GERS of the company.
ARTICLE VIII. All sales and other
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 Direc-
tors at a stipulated price, and If the ex-
listing stockholders and the Board OF
Directors do not see tit to purchase the
said stock, then it shall not be sold at
less price or upon more favorable terms
without likewise offering 1t to the Board
ut such price and upon such terms. The
then holders of the stock shall have the
right to purchase said stock in the ratio
of their holdings. This provision shall
be printed, written or stamped on each
certificate of stock.
ARTICLE IN. In the event Of the
liquidation or dissolution of this corpor-
alton the stockholders shall elect two
liquidatOrs from among their number at
a meeting convened for that purpose,
after fifteen U5) days written notice sent
TO each stakeholder by mail to his last
known address; said liquidatOrs shall have
the authority to wind UP the business
and affairs of this corporation. In case
Of the death of liquidatOr, the survivors
shall appoint a stakeholder as successor
to him.
ARTICLE Y. This charter may be
modified, changed or altered, or said cor
. pOratiOn may be dissolved with the assent
of stockholders owning two-thirds or the
entire capital stock, at a general meet
ing of the stockholders convened for that
purpose after fifteen (l5) days written
notice shall have been given to each
,, stakeholder, mailed to him at his last
. known address.
= ARTICLE NJ. No subscriber for stock
shall ever be held liable for the con-
tracts, faults or debts Of said corporation
= in any further sum than the unpaid bal
! ance, If any, due the corporation on the
stock for which he has subscribed; mol
shall any stakeholder ever be held liable
for such contracts, faults or debts In any
further sum than the unpaid balance, II
Z shall any mere informally in organization
have the effect of rendering this charter
null, or rendering any subscriber or stock
holder liable beyond the unpaid amount
if any, remaining due on his stock.
ARTICLE XII. This corporation Il
organized under the laws Of the state OF
= Louisiana, and especially Act 267 Of 1914
4 and the subscribers hereto, for themselves
and said corporation, and for it's officers
directors and stockholders hereby accept
2 as part of this charter and as conditions
:. Of this corporation all the rights, powers
privileges and immunities granted tc
: corporations and granted to and con
= ferred upon officers directors and stock.
!, holders of corporations by said laws and
said act; such acceptance being as full
complete and binding as II said rights
powers, privileges and immunties were
set forth at length in this instrument.
Thus done and passed in my notaria
: office in the city of New Orleans, afore
!. said, in the presence OF Z. X. Ferrerf
I and Marcella Leach, competent witnesse:
: of lawful age and residing in this city
!; who hereunto subscribe their names, to
v gether with said parties and me, Notary
on the day and date set forth in thu
caption thereof.
J. Original signed: Samuel Mintz, ..
shares; Albert Hurwitz, 80 shares; Loui