The herald., 1922-06-15
CHARTER.


Cidental or convenient to any of tn" SAID
objects and purposes. as well rs 10 eN-
ercise all rights and powers conferred
on corporations by Act 26I of 1911.
ARTICLE ". The capital stock of this
corporation is hereby fixed at the sum
of Ten Thousand Dollars tSloOOOunl, 20
be divided into and represented by one
Hundred QOW Shares in the sum OF
one Hundred Dollars (SlOuOO) each
said stock shall only be issued for cash
or in payment of property received or
purchased by said corporation The
capital stock of this corporation may
Ice increased to the sum of one Million
Dollars Sl.OOO.OOO UOb. The shares OF
stock shall be transferable only ON the
books of the corporation. and no trans
fer of stock shall be- binding or hay,
any effect upon the corporation unless
and until made upon its books.
ARTICLE V. All the corporate pow
erS of this corporation shall b" exercised
by Il Board of Directors of not less than
three nor more than five stockholders,
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 apothcr dlr"c-
tor. The Board of Directors shall elect
annually from among their number a
President, a Nice-Prcsident, and Sec
Rotary Treasurer.
The first Board of Directors shall con
siSt of three stockholders, and shall be-
composed % Thomas T.. kron, Henry
r. Fine and August G. Flach, who's"
present addresses are set opposite 10
their respective names to the SuhNcrip-
ton to the capital stock Of the curpor-
alton. with the said Henry X. Fine As
President August &. Flach aS Vice
President. and Thomas T. kron aS
Secrrtary-TrcaSur"r. 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
. a in ~ l.f
wear. unless said day be 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 unrXpired term by the remaining
directors.
Each subscriber hereto sets after his
name his postOffcc address and q state
in the corporation which he agrees to
take At all elections every stakeholder
shall lee 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. \
majority 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 90 days written
notice sent to each stakeholder. by mail
tors shall have the authority to wind
up the business and affairs of this cor
poration. In case of the death of
iquidatOr. the survivors shall appoint
stakeholder as successor to him.
ARTICLE 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 90
Gays written notice shall have been
given to each stakeholder, mailed to him
at his last known address
ARTICLE VIII No subscriber for
stock shall ever be held liable for the
contracts, faults or debts of said cor
poration in any further sum than the
unpaid balance, if any. due the corpor-
alton on the stock for which he has
subscribed; nor shall any stakeholder
ever be held liable for such contracts
faults or debts in any further sum than
the unpaid balance. if any, on the stock
owned by him; nor shall any mere in
fOrmality i'll organization have the effect
OF rendering this charter null, or rem
d"rinS any subscriber or stakeholder
liable beyond the unpaid amount, if any
remaining on his stock.
No stakeholder III this corporation can
ever sell the stock owned by him in
ms UNI. corporation, or any part thereof,
ing TO the other stockholders, through
the Board of Directors at its then book
value, who VIII have the option to pur-
chase the same.
ARTICLE TX. This corporation is
organized under the laws Of the State
or Louisiana, and especially Act 26T of
l9li. and the subscribers hereto. for
themselves and said corporation, and for
us ofhcers, directors and stockholders,
hereby accept, as part of this charter
ana as conditions of this corporation, all
the rights, powers, privileges and i'm
granted to corporations. and
granted TO and conferred upon officers,
directors and stockholders of corpora
tons by said laws and said act: such
acceptance being as full, complete and
binding as if said rights, powers, priv
lleSes and immunities were set forth Mt
lehgIh IN this instrument.
Thus done and passed in my notariaI
Ofnce In the City of New, Orleans afore-
Sald, In the presence of Daniel j. Muir
phy ana JOS. +. GOgarty, competent wit
hesses OF lawful age and residing in this
.lty' VINO hereunto subscribe their names.
together with the said appearers and me.
Notary, on the day and date set forth
in the caption hereof.
I;Names of subscribers Omitted)
DANIEL J. MURPHY.
JOS. +. GOGARTY
STANLEY McDERMOTT.
Notary Public
hereby certify that the above and fore
gong Is true and correct COPY of the
original now on file and of record in
my notarial office.
STANLEY McDERMOTT
Notary Public
L. the undersigned Recorder of Mort
cages IN and for the Parish of Orleans.
STATE or Louisiana, do hereby certify
mat the above and foregoing act of in
corporation of FINE. KRON & 90
M, was this day duly recorded in NV
office in book 1868 folio =
New Orleans, May IL, 1927
RORT SCnTT n.n,..
May 1S-June 80