The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-19
CHARTER.

| be a going concern as soon as rot less
! than One-half thereof has been SUD
/ scribed. This may be Increased 10
! SlOO.OOOO0 All stock shall be paid Tor
| in cash or property.
Should Allan l.. Wolff or Jules I.
| Lazard sell his stock and sever his con
| nectiOn with the corporation, the charter
shall be amended 50 as To omit the name
/ of the Withdrawing stakeholder.
! ARTICLE v All the powers of this
corporation shall be vested in a Board
! of Directors composed of not less than
| three stockholders.
! The said Board shall be elected annu-
! ally, on the first Tuesday after the hrst
! Monday in the month of January OF eacA
| year. except the first Board, which Is
! provided for in this charter.
At the annual election held for the
! election of directors eacn share snail &c
entitled to one vote, when may pe caSt
in person or by written proxy.
The failure TO hold such meetings shall
not terminate the corporation, but the
/ officers then in office shall hold over
until their successors are elected ana
qualified.
The first Board of Directors shall con-
sit of Allan l.. Wolf; l122 Aline street
! New Orleans, La; jules G. Lazard. l.2i
Peters avenue, New Orleans, La; Charles
Levy, sos Magazine street, New Orleans
La.
Each Board of Directors shall annually
elect from their midst Il President wee,
President, Treasurer. and Secretary ana
il may combine the office of treasurer
with that of the President, Vice President
or the Secretary, and 1t may elect a Sec
Rotary who need not be director or
stakeholder, but such Secretary cannot De
Treasurer.
ARTICLE VI. Not less than fifteen
| 90 days notice shall be given for all
| regular stockholders meetings, ana nor
less than five 20 days notice for special
meetings. The Board of Directors shall
hold regular special meetings at such
times and upon such notice as 10
time which the said Board may hA' All
notices of meetings of all kinds shall
be by written notice through the post
office, addressed to the respective stock
holders at the address given to the Sec
rotary by each stakeholder, or the notice
may be delivered by messenger
ARTICLE VII. This act OF lncorpor-
alton may be changed, modified or
altered, or this corporation may be dis
solved, with the assent OF two. thirds Oh
the stock present or represented at
meeting convened for that purpose.
ARTICLE VIII. No stakeholder shall
ever be held liable or responsible for the
contracts and faults of said corporation
in any further sum than the unpaid bal
ance due on the shares of the STOCK
owned by him; nor shall any mere IN
formality in organization have the effect
of rendering this charter null or expos
ing the stockholders TO any liability
beyond the amount OF his unpaid stock
ARTICLE IN. Whenever, this corpor
alton is dissolved either by limitation OF
time or by the determination OF the
stockholders, its affairs shall be liquidat-
ed under the supervision of two (2)
liquidatOrs, to be appointed for that pur-
pose ut general meeting of the stock
holders convened after ten (lO) DAYS
notice.
At such meeting to consider the liqui-
dation of the corporation, the result shall
be determined by the consent of two
D i'd Of fhA 81
scented at such meeting. In case of the
death or inability to act of one of the
liquidatOrS, the survivor shall act alone.
Thus done and passed in my office in
said City of New Orleans, on the day,
month and year first hereinbefore writ
ten, in the presence of Justin V. WOl1
and NJ A. Cakes, both of lawful age and
residents of this parish, competent wit
nesses. who signed hereto with the said
appearers, and me, notary, after due
reading of the whole
Original signed:
JULES c. LIZARD,
10 shares, New Orleans, La.
CHARLES LEVY.
40 shares, New Orleans, La.
ALLAN l.. WOLFF,
II shares, New Orleans, La.
Witnesses signed:
JUSTIN V. WOLFF,
NJ. A. CAKES.
GABRIEL FERNANDEZ, JR;,
/, the undersigned Recorder of Mort
cages in and for the Parish of Orleans,
State of Louisiana, do hereby certify
that the above and foregoing Act of In
corporation of the WOLFF & LAZARD
CO, INC, was this day duly recorded
in my office in Book 1868, folio i93.
New Orleans. Dec. 20. 1921.
(Signed) ROBT. SCOTT,
Deputy Recorder.
4 true copy of the original.
GABRIEL FERNANDEZ, JR.,
Notary Public.
Ian 10-Eah IL