The herald., 1922-05-18
CHARTER OF
FINE. kRON a CO., INC.

FINE, kRON CO., INC.
United States of America, State of
known that on this eighth day of May.
in the year of our Lord, one thousand
nine hundred and twenty-five, and Of
the Independence of the United States
! of America, the one hundred and forty
! sixth. before me, STANLEY McDER-
| MOTT. a Notary Public in and for the
| Parish of Orleans, State of Louisiana.
| duly commissioned and qualified. and in
the presence of the witnesses herein
| after named and undersigned. personally
came and appeared the persons whose
names are hereunto subscribed. all above
the full age Of majority, who severally
declared that. availing themselves of the
| laws of the State of Louisiana, particu-
larry Act 267 of 1914. relative to the
organization of corporations, they do. by
these presents. agree and bind them
| selves, as well as such other persons
as may hereafter become associated with
| them, to form and constitute corpor-
alton for the objects and purposes and
under the articles and stipulations fol-
| lowing. tO-wit:
ARTICLE /. The name, style and title
of this corporation shall be FINE.
KRON & co, INC, and under that
name it shall have and enjoy all the
rights, advantages and privileges grant.
ed by law to corporations. and shall
exist for the full term and period of
ninety nine years from this date. 1t
shall have power to contract. sue and
be sued; to make and use a corporate
seal, and the same to alter and break
at pleasure; to hold receive, lease, pur-
chase, sell and convey. as well as mort
gage, hypothecate and pledge property.
real. personal and mixed, corporal and
incorporeal; to name and appoint such
managers. directors, officers, agents and
other employees as its interest and con-
venience may require, and to make and
establish, as well as alter and amend.
from time to time, such bylaws, rules
and regulations as may be necessary
and expedient for the proper manage
ment and government of the affairs of
said corporation.
ARTICLE ii. The domicile of this
corporation is hereby fixed in the City
of New Orleans, Parish of orleans, State
of Louisiana, and all citations or other
legal process shall be served upon the
President of this corporation. or. in his
absence, upon its Secretary Treasurer.
ARTICLE Ill. The objects and pur-
poses for which this corporation is es-
tablished and the nature of the business
clared to be: To loan and borrow money
on personal property or real estate; also
to buy, sell and deal in notes. loans,
bonds, stocks, securities or investments
Of any kind, with full power to borrow
such moneys as 1t may require for the
purpose of its business to buy and sell
any kind of property, either real or per-
sonal; TO conduct business of the afOre-
said character in any State in the United
states, and generally to do and transact
all business properly connected with, in
cidental or convenient to any of the said
objects and purposes. as well as to ex-
ercise all rights and powers conferred
on corporations by Act 267 of 1914.
ARTICLE Nv. The capital stock of this
Of Ten Thousand Dollars (s1O,OOO.OO), to
be divided into and represented by One
one Hundred Dollars $4,000, each;
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
stock shall be transferable only on the
books of the corporation. and no trans
fer of stock shall be binding or have
any effect upon the corporation unless
ARTICLE V. All the corporate pow
ers OF this corporation shall be exercised
by 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 vote in person or by
written proxy in favor of apother direc-
tor. The Board of Directors shall elect
annually from among their number
President, Vice-President, and a Sec
ryTreasurer
The first Board of Directors shall con-
sist of three stockholders, and shall be
composed OF Thomas Il. Kron, Henry
r. Fine and August C. Flach, whose
t present addresses are set opposite to
ton to the capital stock of the corpor-
ation, with the said Henry r. Fine as
President. August c. Flach as Vice
president, and Thomas f. Kron as
serve until the second Thursday in Nav.
1923. or until their successors have been
duly elected and qualified.
Inc annual meeting of stockholders
nf
on the second Thursday in May of each
year, unless said day be a legal holt
DAY, and then on the next bank day
me Any vacancy occurring among
the directors by death. resignation or
otherwise shall be filed by election for
t 1i nnexpired term by the remaining
Each subscriber hereto sets after his
name his postoffce address and a state
ment or the number of shares of stock
IN the corporation which he agrees TO
take; AT all elections every stakeholder
shall be entitled to one vote for each
share Of stock outstanding in his nama
on the books Of the corporation, to be
cast in person or by written proxy. A
matI pTIC, OF Il votes cast shall elect.
liquidation or dissolution of this cor
poration, the stockholders shall elect |
three lquidators from among their num-
per. az a meeting convened for that pur-
pose, after fifteen Q5) days written
notice sent to each stockholder. by mail |
TO his last known address; said liauida- |
tors shall have the authority to wind
up the business and affairs of this cor
poration. In case Of the death of a |
liquidator, the survivors shall appoint |
stockholder as successor to him
AKsaIICLE 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
general meeting Of the stockholders con-
yened for that purpose, after fifteen (15) |
Gays written notice shall have been
gwen TO each stakeholder, mailed to him
ut his last known address mn"