The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-01
CHARTER.

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 261 of 1914
ARTICLE ". The capital stock Of thi,
corporation is hereby fixed at the sun
| OF Ten Thousand Dollars tSlOOOOOO). q
Hundred 900 shares in the sum OF
One Hundred Dollars ($1000OD each
said stock shall only he issued for cash
| or in payment of property received OF
purchased by said corporation. The
! capital stock Of this corporation may
he increased to the sum Of one Million
Dollars $1,000, OOOOOl. The shares OF
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
! 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,
| Il majority Of whom shall constitute a
| quorum for the transaction of business.
The directors may vote in person or by
| written proxy in favor of apOther dirpc-
| tor The Board of Directors shall elect
| annually from among their number a
President, a Vice President. and a Sec
retary Treasurer.
The first Board of Directors shall con
Sist of three stockholders, and shall be
composed OF 1nOUaS r.. hrOn. Henry
X. Fine and August c. Fach. whose
present addresses are set opposite to
their respective names to the SubScrip-
ton to the capital stock of the cOrpOr-
alton, with the said Henry II. Fine as
President, August G. Flach as Vice
President, and Thomas F.. krOn as
Secretary Treasurer. These directors shall
serve until the 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 hOli-
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 postOffice address and state
ment of the number Of shares OF stock
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 by written proxy. A
ma iOrity 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-
Der. at meeting convened for that pur-
pose. after fifteen Q5l days written !
notice sent to each stakeholder. by mail |
TO his last known address: said iiduida- |
tors shall have the authority 10 wind |
up the business and affairs Of this cor
p0ration. In case Of the death of |
as successor TO him.
ARTICLE VII. This charter may be |
modified. changed or altered, or said /
may be dissolved. with the |
thirds Of the entire capital stock. at 4 |
general meeting of the stockholders con-
yened for that purpose, after fifteen (15) |
days written notice shall have been
at his last known address.
ARTICLE Will No subscriber for
stock shall ever be held liable for the
contracts, faults or debts of said cor
unpaid balance, if any. due the cOrpOr-
alton on the stock for which he has
nor shall any stakeholder
ever be held liable for such contracts.
faults or debts in any further sum than
he unpaid balance, If any, on the stock
owned by him; nor shall any mere in
ormaiity in organization have the effect
II rendering this charter null. or rem
iering any subscriber or stakeholder
liable beyond the unpaid amount, if any,
emaining on his stock
No stakeholder IN this corporation can
yer sell the stock owned by him in
Without first Offering the same In writ,
ng TO the other stockholders, through
he Board of Directors at its then book |
alue, who will have the option to pur-
base the same.
ARTICLE IN. This corporation is
rganized under the laws Of the State
Louisiana, and especially Act 267 of
sl4. and the subscribers hereto, for ,
themselves and said corporation. and for
IS ofncers, directors and stockholders,
ereby accept, as part of this charter ,,
nd as conditions of this corporation, all
ne rights, powers. privileges and i'm
ranted to and conferred upon officers, !
lrectors and stockholders Of corpora :
ons by said laws and said act; such ,
cceptance being as full. complete and ,
eyes and immunities were set forth at
myth in this instrument. '
thus done and passed In my notarial I
fhce In the City Of New Orleans afore- '
ild' In the presence Of Daniel J. Muir I
ny and JOS. +. Gogarty, competent wit n
esses of lawful age and residing in this \
ty. who hereunto subscribe their names 4
'gether with the said appearers and me,
'' th on the day and date set forth e
Witnesses:
DANIEL J. MURPHY.
STANLEY McDERMOTT.
i. the undersigned Notary Public do
ereby certify that the above and fore ri
LIS. ynS IS true and correct copy of the C
Isinai now on file and of record in s
y notarial office =,
STANLEY McDERMOTT. ]"
Notary Public.
l., the undersigned Recorder of MORT
iges IN and for the Parish Of Orleans O
ave or louisiana. do hereby certify Il
rporatiOn of FINE, KR0N 4 90 "
y ", was this day duly recorded in nv n
nee in book 1858. folio ~
New Orleans, May IL, 1872 VI
ay 1SJune 90 a
CHARTER OF
sCHARFENSTEIN 4 son, INC. NJ