The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-03
CHARTER.

CHARTER.
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-
yided to the other stockholders OF this
corporation; and this right SO vested In
the other stockholders shall follow into
any hands into which IL may pass any
stock sold, transferred or assigned with
out such opportunity being given, and
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 trans
fer OF any such stock shall be made on
the books of this corporation during
the tendency of said 9O-day period.
ARTICLE vi. All of the corporate
powers of this corporation and the man
agement OF its affairs shall be vested
in and controlled by the Board of Direc-
three nor more than seven stockholders.
except that the officers of this corpor-
alton shall have and exercise the power
granted to corporate officers by Section
16 of Act 267 OF 1914.
majority of the Board Of Directors
shall constitute a quorum for the trans
action of any and all business, and n
majority vote of the quorum present at
any meeting shall be valid and corporate
acts within the scope. authority and
power of the Board OF Directors.
Said directors shall be elected annu-
ally on the first Monday in July of each
year. commencing with the first Monday
in July. 1923. and such directors so
until their SUCCESSORS shall ibe duly
elected. qualified and installed. Failure
to elect directors at any annual meeting
shall not dissolve the corporation, but
over until their successors are duly
elected, qualified and installed.
Each stakeholder OF reCprd on the
books OF said corporation. shall be enti-
tied to cast at such meeting, either in
share of stock held by him, and a ma
jority Of the votes cast at such meeting
shall elect or decide any other question
before IL.
All meetings Of said stockholders or
of the corporation. except with the writ
ten consent of all directors. valid meet
ings Of directors may be held outside of
the state, or in the state, elsewhere than
ut its domicie.
Any vacancy occurring. for any cause.
in the Board of Directors, between the
dates OF the annual meeting herein pro-
vided for. shall be filled by the remain
ing members Of the Board OF Directors.
Immediately after the annual election
Of directors, they shall meet and elect
from their number a President. one or
more Vice-Presidents. a Secretary, and
n Treasurer, but whhh two latter Offices
may be combined in one and the same
he such as usually pertain to the posi-
ton to which they are elected, and such
as may be provided for in the bylaws.
or as may be designated by the Board
Of Directors at any regular or special
meeting
The present Board of Directors Of this
corporation is hereby fixed at five: and
units the first annual meeting Of the
stockholders for the election of direc-
tors to be held on the first Monday in
July, 1928, Ellis Jordy. Frank Grund-
Grundmann and John Chetta shall com
pose the first Board of Directors, who
shall serve until the first election of
directors, or until their successors are
until that time Ellis Jordy shall be
President: John Chetta. Vice-President,
and Frank Grundmann, Secretary Treas
ARTICLE VII. This charter may be
amended or this corporation may be dis
solved in the method and manner pro-
vided by law.
ARTICLE VIII. 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 inror.
Of rendering this charter null or of eN-
posing a member to any liability than
az above provided.
Thus done and passed in my office at
the city of New Orleans. Louisiana. on
the day and date hereinabove written,
in the presence of b. Turegano and B.
Nunez competent witnesses, who here
unto sign their names with said appear
ers and me. Notary, after due reading
OF the whole.
Original signed: Frank Grundmann,
40 shares. New Orleans: La; Charles e.
Grundman. % shares. New Orleans. La. ;
Geo. Gsundmann, 25 Ishares, New Or
leans. La; John Chetta. 10 shares. New
Orleans La; Ellis f. Jordy, so shares.
New Orleans. La.
witnesses:
r. TUREGANO.
r. NUNEZ.
ROBERT r. RAMOS,
Notary Public
true copy.
New Orleans, La. June %. 1872
ROBERT r. RAMOS,
Notary Public.
Iu1v GA IN