The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-16
CHARTER

so in any manner and at any price ne
Each share of stock is issued herein
upon the condition and understanding
that no stakeholder shall sell or other
wise transfer his stock in violation
hereof. and any such sale or transfer
if made. shall be void, and this corpO-
ration shall be under no obligation 10
list said stock on it's books or to regard
the holder of the certificate thereof.
ARTICLE VII-The corporate pow
ers of this corporation shall be vested
in and exercised by a board of not less
than three nor more than SIX directors
al the option of the stockholders TWO
to constitute "A quorum when there are
three directors: three to constitute a
quorum when there are more than tnret
and less than six directors; ana TOUR
to constitute "A quorum, should there bt
six drectors,-for the transaction OF
business. Should any director be an
sent, he may be represented by another
director. in accordance with the written
or Geographic instructions given bS
the absent director.
The first board Of directors of this
corporation shall be composed of the
following: Isidore Marks Frank T..
Riess. J. +. Marks; With the folloWlns
Frank r.. Reiss. vice-presidet and treas
urer: J. L. Marks, secretary, and they
shall serve until the second Wednes-
day of January, 1924.
The directors shall be elected annu-
ally. at a meeting held on the second
Wednesday of January, in each year
after such date. Notice of said meet
ing shall be given fifteen days prior
to the date of said meeting. in writing.
sent by mail to each stakeholder, at
his last known place of residence. The
board of directors may change the date
of said annual meeting to any other
date. by written notice to that ERECT,
sent at least fifteen days prior TO the
date to which said annual meeting snail
/ he changed, directed by mail to each
I StOpklnl0ar his last known place OF
residence.
Each stakeholder shall. at such an
| nual meeting or other meeting. general
or special. be entitled, in person or by
proxy. written or Geographic. to one
| vote for each share of stock owned by
him. The election shall be held under
such rules and regulations as may be
/ from time to time determined by the
board of directors.
The directors. when elected, shall
hold office for one year. or until their
| successors shall have been elected and
! qualified. and failure TO hold the an
nual meeting of stakeholder or to
elect annually directors, shall not oper-
ate the forfeiture of this charter or
any rights Hereunder.
Any vacancy occurring in the board
of directors may be filled by the direc-
tors for the unexpred term.
ARTICLE VIII-This charter and act
of incorporation may be changed, modi-
fled, altered or amended by and with
the consent of two-thirds of all the
stock at meeting general or special
held for that purpose; and such amend
nHts may be material or tmmateriaL
subject only to limitation as may be
by law provided; and this corporation
shall have the right and power to In
crease it's capital stock as hereinbefore
set out, and any increase of the capital
stock in excess of the amount named
herein as the amount TO which the capt.
tai stock may be increased may be
made by a three-fourths vote of all
I outstanding stock. .
ARTICLE IX-Notice of any and all
meetings referred to in this charter,
or required by law. shall be given in
the manner provided for giving notices
in the case of election of directors or
by publication of such notice for M
teen days previous to such meeting IN
any daily newspaper in the City of
New Orleans. unless the notice of such
meeting shall have been waived; the
stockholders and directors having K
right by this charter to waive notice at
any time, and for any meeting.
ARTICLE Nm case of the dissolu-
ton. liquidation or termination OF THIS
charter. by limitation or otherwise, the
affairs of the corporation shall be
liquidated by one more liquidators
elected by a two-thirds vote of the
| stockholders. who may provide the
number of said liquidators and vest
: them with such power and authority
as may be by law permitted. fixing the
f terms and conditions upon which they
shall serve. and their compensation;
= and provide that in case of death and
disability Of any one of said liquida-
2 tors. the remaining liquidators may fill
2 the vacancy or continue to act on be-
half of the corporation.
, ARTICLE XI-No stakeholder of this
corporation shall be liable or response
r BILE for any costs. contracts. debts or
. faults of this company or of any of its
g officers, nor shall any mere informally
= in organization have the effect of rem
dering this charter null and void or of
= exposing a stakeholder to any liability
0 beyond the unpaid balance due on the
stock held by him.
( ARTICLE XII-The subscribers here
Y to have written opposite their names
r the number of shares subscribed to by
r each of them, and their post office ad-
dresses, so that this charter may serve
{ as a subscription list all of which sub
e scriptions are payable In the manner
= and form set out herein, and as provid-
S ed for in Act 267 of the General As
J sembly of the State of Louisiana of
I 1914.
Thus done and passed at my office,
in the City of New Orleans, on the day
= and in the month and year herein first
n above written, and in the presence or
= r. ]. Schwarz and A. Holland compe-
$ int witnesses, who have hereunto signed
$ their names, together with said APP
o pearers and me, notary, after due read
| ing of the whole.
: Witnesses: r. J. Schwarz, A. Holland.
e ORIGINAL SIGNED)
e F. E. Reiss New Orleans. La, 1924
: shares Isidore Marks. New Orleans,
d La, 1921 shares; J. p. Marks, New Or
r leans, La, by J. Marks shares:
{ (SeaD WILLIAM ]. GUSTE,
Notary Public.
: hereby certify the above and fore
G going to be a correct and true copy of
e the original on file in the records of
o (SeaD WILLIAM J. GUsTE,
I. Notary Public
o Recorded NJ. o. B. 1878. folio -.
o Nov. 16-Dec. Fl.