The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-09
CHARTER.

the event of their failure to exercise their
right under said option as herein provid-
ed the stakeholder so Offering his stock
for sale shall have the right to dispose
of same in the open market.
ARTICLE IV-The corporate powers OF
this corporation and the full management
Of its business and affairs shall be vested
in and exercised by a board of directors
composed of three stockholders, each Of
whom shall own in his own right, at least
one full paid and unpledged share of the
capital stock; a majority of WHICH said d.
rectOrs shall constitute quorum Tor the
transaction of all business.
Election for directors by the stock
holders shall be held annually on the sec
ond Monday in February at the domlcile
of the company, under the supervision OF
two commissioners to be appointed by
the president, after notice thereof. to be
delivered personally or by depositing in
the post Office. properly addressed to each
stakeholder, at least fifteen days before
such meeting in accordance with other
provisions of the law.
All elections shall be by ballot and
majority of the votes cast shall elect, and
each share of stock shall be entitled to
one vote, either by proxy or in person.
Each board of directors shall, at its first
meeting after its election elect from its
number a president, a vice president and
4 secretary treasurer; who shall hold Of
! flee until their successors shall have been
duly elected and qualified. The board
! shall have power in its discretion to unite
| two or more Offices and the same to con
! fer upon one person.
The said board shall also nave full
/ power and authority TO borrow money,
/ and through its president or some other
! duly authorized agent of agents. TO exc
! cute mortgages, issue bonds, notes or
other obligations in such amount and on
/ such terms as in their judgment may be
/ advantageous, and generally to do all
/ things necessary for the proper carrying
| on of the business of said corporation.
/ Any vacancy occurring in said board of
| directors shall he filled by the remaining
| directors for the uneXpired term.
/ The first board of directors shall con-
/ sist Of Philip FOrschler, residence No.
6l9 Montegut street, New Orleans, La
/ Allen ii. Sweet residence Monroe. La.
| and Philip \. FOrschler, residence No. 6l9
MOntegut street. New Orleans, La, with
/ the said Philip Forschler as president:
Allen II. Sweet as vice-president and
| Philip FrOschler as secretary treasurer,
who shall hold office until the second
Monday in February 1923, or until their
Successors shall have been duly elected
and qualified.
! ARTICLE Vine stock subscription of
! Philip FOrschler for one thousand shares
of the capital stock and of Allen III. Sweet
| for one thousand shares of the capital
stock of this corporation is to be paid for
| by the sale and transfer by them to this
I
| terest of every nature and kind Of. in and
TO the following described patents, to-wit
Patent No. 45S.355 issued by the United
States Patent Office, for a patent on a
| coin saving bank. together with all amend
ments or additions to said patent or pa
tent rights whatsoever.
/ ARTICLE VI-The charter of this cor
pOration may be amended at a meeting
of the stockholders called for that pur-
pose by a vote of two-thirds of all its
stock; but a change Of objects and pur-
poses as fixed herein shall not be made
without a vote of all the stock heretofore
issued, nor shall any increase in the CAPT
tai stock in excess of the amount named
be made without threefourths vote of al
of its outstanding stock.
In the event of dissolution of tn,
charter the same shall be made by tn,
method and manner as provided by law
ARTICLE Vino stakeholder of thi.
corporation shall ever be held liable oil
responsible for the contracts or faults Of
this corporation In any further sum thar
the unpaid balance due on the shares Of
stock owned by him. nor shall any mer,
informality in organization have the eff
feet of rendering this charter null or o.
exposing any stakeholder to any liability
beyond the unpaid balance due on hi
stock.
ARTICLE vIII-The subscribers here
to have written opposite their names tn,
amount of stock in this corporation sub
scribed for by each of them, so that thii
the original subscription list OF said cor
pOration.
Thus done and passed in my notaria
Office in the City of New Orleans afore
said. in the presence of Ralston s. Col,
and Edgar G.. Could competent witnesses
of lawful age and residing in this city
who hereunto subscribe their names to
gether with the said parties, and me, no
tary, on the day and date set forth IL
the caption hereof.
ORIGINAL SIGNED):
PHILIP FORSCHLER, ct ais.
Witnesses Ralston s. Cole. E.
Gould.
W. A. wENCK.
Notary Public
1, the undersigned Recorder Of Mort
cages in and for the Parish of Orleans
! State Of Louisiana, do hereby certify tina
the above and foregoing act of incorpora
? ton of the Sweet-Forschler Glass Com
: pany, Incorporated, was this day dull
recorded in my office in book 126S. foil
New Orleans, La, January =. 1922.
| (Signed): ROBT. SCOTT,
, Recorder of Mortgages
J A true copy:
; W. A. wENCK.
Notary PubliC
e Feb. 9-Mch. 16