The herald., 1922-06-08
CHARTER.

all business properly connected with, IN.
cideDtal or convenient TO any OF tn" said
objects and purposes. as well as 70 rN-
ercise all rights and powers conferred
on corporations by Act 267 Of 1914
! ARTICLE ". The capital stock OF this
corporation is hereby fixed at III" sum
Of Ten Thousand Dollars SI0,0oouUl. ;n
| be divided into and represented tN ON.
! Hundred 900 shares in the sum %
One Hundred Dollars $4,000 each
said stock shall only be issued for cash
or in payment of property received or
| purchased by said corporation The
capital stock of this corporation may
be increased to the sum Of one Million
! Dollars tSlOO0,OO0OOl. The shares OF
stock shall be transferable only on the
books of the corporation. and no trans
fer of stock shall b" binding or have
! any effect upon the corporation Jules,
and until made upon its books.
| ARTICLE V. All the corporate pow
| ers of this corporation shall be- exercised
by a Board Of Directors of not less than
| three nor more than five stockholders
| a majority of whom shall constitute q
| quorum for the transaction Of business.
| The directors may vot" in person or 10y
| written proxy in favor of apothcr dir.c-
| tor. The Board of Directors shall elect
annually from among their number IL
| President, Nice-President, and See
Rotary Treasurer.
The first Board OF Directors shall con
! Sist Of three stockholders. and shall hc
composed % Thomas +. kron, Henry
\
| present addresses are set opposite to
| their respective names to the SubScrip-
! tion to the capital stock of the corpor-
alton. with the said Henry Il. Fine as
President, and Thomas f. kr0n as
Secretary Treasurer. These directors shall
serve until tn" second Thursday in May
1923, or until their Successors have been
duly elected and qualified
The annual meeting Of stockholders
for the election of directors shall be held
on the second Thursday in May Of each
year. unless said day be "A legal hoIi-
day, and then on the next bank day
thereafter. Any vacancy occurring among
the directors by death. resignation or
otherwise shall be filled by election for
the uneNpired term by the remaining
directors.
Each subscriber hereto sets after his
name his postOfficc address and a state
ment of the number Of shares OF stock
in the corporation which he agrees IL
take. At all elections every stakeholder
shall be entitled to one vote for each
share of stock outstanding in his name
on the books Of the corporation to be
cast in person or 10y written proxy. \
majority Of votes cast shall elect.
ARTICLE VI. In the event OF the
liquidation or dissolution Of this cor
poration. the stockholders shall elect
three liquidators from among their num-
her, at meeting convened for that pur-
pose, after fifteen 90 days written
notice sent to each stakeholder. by mail
tors shall have the authority to wind
up the business and affairs OF this cor
p0ratlon. In case OF the death of a
liquidator. the survivors shall appoint a
stakeholder as successor TO him.
ARTICLE VII. This charter may be
modified: changed or altered, or said
corporation may be dissolved. with the
assent of the stockholders owning two
thirds OF the entire capital stock at q
general meeting of the stockholders con-
vened for that purpose, after fifteen (15)
Gays written notice shall have been
given to each stakeholder, mailed to him
at his last known address.
ARTICLE VIII. No subscriber for
stock shall ever be held liable for the
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
subscribed; nor shall any stakeholder
faults or debts in any further sum than
the unpaid balance, if any, on the stock
owned by him; nor shall any mere in
1ormallty III organization have the effect
derlng any subscriber or stakeholder
liable beyond the unpaid amount, If any.
remaining on 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 |
aIue' VINO VIII nave the option to pur- |
ARTICLE IN. This Corporation is
organized under the laws OF the State
OF Louisiana, and especially Act 267 of |
1914, and the subscribers hereto. for !
themselves and said corporation, and for |
its ofncers, directors and stockholders, |
hereby accept, as part Of this charter |
and as conditions of this corporation, all |
the rights, powers. privileges and i'm
l,ran,ad granted to corporations, and
directors and stockholders OF corpora
ions by said laws and said act; such |
acceptance being as full, complete and
binding as If said rights, powers, priv
lleges and immunities were set forth at
length in this instrument.
Ihus done and passed in my notarial
ofnce in the City of New Orleans afore-
SAID In the presence of Daniel J. Muir
phy ana Jos. +. Gogarty, competent wit
nesses of lawful age and residing in this
city, who hereunto subscribe their names
together with the said appearers and me
,, ,h on the day and date set forth
In the caption hereof.
SNames OF subscribers omitted)
DANIEL J. MURPHY,
JOS. +. GOGARTY.
STANLEY McDERMOTT.
Notary Public
l. the undersigned Notary Public. do
hereby certify that the above and fore
going is a true and correct COPY of the
original now on file and of record in
my nOtarial office.
STANLEY McDERMOTT.
Notary Public
i, the undersigned Recorder of Mort
cages in and for the Parish OF Orleans
state of Louisiana, do hereby certify
nat the above and foregoing act Of in
corporation Of FINE. KRON & co,
~, was this day duly recorded in my
office in book 1888. folio
New Orleans, May IL, 1922
Nay 1S-June 90