The herald., 1922-10-05
CHARTER.
CHARTER OF
ISpst,,ii SUPPLY COMPANY

s IsIcsl SUPPLY conrAsI'
,..,,, Of America, STATE ga !, Of known nSHo
rbtstp ssr .S Of o orleans ay Of the month
% IN the year % and twenty-five.
ils1a0 ;ne hundred ant Of The United
ss1d ~ independence enc hundred and
5merlStaa,, me. Eugene ID. SauhI
.,Sentb. pgp5UUbIic. duly commissioners
~ Notary t,bin and for the parrish
aalihed W. Of Louisiana the I,'it
a.ksns. sla',, The presence OF. the wiz
W. and ID 'n named and undeTslgheI'
bereinailei and appeared Leo =
',sIy came q Lazard. both reS
and jacob NJ New orleans. state
= # the el en- the full age, herein APP
..,siana, OF tne Cor and on behalf OF
- and scS!nannIy Company, a Louis-
,rssctrieal supL domicilcd in the cltS
rorporauoH' organized by act belore
s,g orleans, Notary Public. In anu
y Moreno. orleans. state OF Louis,
4, parish 81 day of March, l9l3' ana
a. the ZslH uortgage Office for dtIhn e
I'D In the in Book loss, Follo Ei',
n Of Orleans resolution passed az
. yrsuant 10. 40 Of the stockholderS'
,,dsl me.e 10th day Of July, w.
s..sd on Inc ~ which Is hereto at
ped made part her'oi
lsd '' .,e.rers declared that at
,Id sl sl meeting Of the sI $40 tbo 10Th
He.noratiOn, conNehIu oI -, con
ID G T"ly 1922. which haa oee and NJ
q he especial Pui Tho entire
u p .,ing the holders Oh IN ~ wara
" ns,ors Of said corpor"bL, NV nroyy
VI hS s,bcr IN person or bE ProAS,
at elIhea NJ said corporation was
aplial SUI sjOOOOO0 to S2Jo.OoO.Ou'
rssd iro~ IN effect said increase. as
70 oroer .bsr changes decided unon
$ the ~ Articles ". V and VII
I'D nee.i,s Of said corporation were
De Ch aISS1i re-enacted so as to reau
The capital stock OF tins
lsTlCLb sbau be Two Hundred ana ana
Dsniion sand Dollars tS2JO,OUUUUl >
~ ." twenty-five Hundred (ZIOuI
I'D ihp bo mar value Of One Hundred
SIS o. ., MI O0l per share, payable wheh
Or eiyb or other property or Tor
% ID .Ssred or actually. performed
dcs nv the Board of directors
isiaeu .oS1orstiOn is TO he a gong
1n Ssn Fifteen Thousand DollarS
~ Az N said stock has been sup,
m" Maid for. Said stock shai,
90 s NV by certificates and shaIl
nsid and worcestershire When
ny shall be personal property
rrv No stakeholder shall ever
kilCbs ,esponsible for the indebted
hok o. a. defaults Of this cOrpor-
huIs .bSil any mere informality In
a Dol ,.otion of the corporation nave
~ rendering the charter null,
eneL ,irg the stockholders 10 any
uprana the unpaid balance, II
~" his stock subscription.
.lto,dor shall ever be liable or
70 ~ Ntor the Indebtedness, faults
H,ss ~ This corporation, nor snail
id. informality In the organization
n,no,stion have any effect or rem
~ ~ charter null, or of exposing
1ls.lholders TO any liability beyond
s.,,iS balance, if any, on his stock
brhptiOn.
!. ,,oesbolder may sell, or assign, or
~, his stock in this corporation
1sst diving 10 the other stockholders'
,s,l he Secretary OF this corpora-
sa,iee In writing or such 1ntehtloh'
No other stockholders shall nave the
=, ior period Of ten days from the
- Of such notice to the secretary
~rhase all or any part or the stoch
- s,ockholder for cash. at the BOOK
~ 49, after which ten days the
stock may be sold without re-
sfon.
a., stockholders desiring to purchase
q raider This article must in due time
,atioe NJ such desire to the Secre-
mis- corporation. In the event
stlsr stockholders offer to buy more
a th,n Is offered for sale. stockholders
Irng 70 buy shall be entitled to buy
.fsrpd stock in the ratio OF theil
I, Sterk holdings In this corporation
ne purpose Of this article the boob
n. shsll be determined by the figure:
down on the last monthly financial
bisnsnt.
"a ale, or other transfer. or assign
I'M a stock in this corporation shall
uln until and unless opportunity t.
krAse such stock has first been giveI
Ae manner hereinabOve provided L
o,Aer stockholders of this corporation
thls right, so vested in the othe
sshOlders. shall follow into any hand
b which Il may pass any stock sold
inferred or assigned, without sucl
tNrtunity being given, and may be ex
asd against the holder or holder
r,si within ninety 800 days after sucl
)xk Is rendered for transfer on tn
1h Of this corporation, and no transfe
my such stock shall be made on tn
sh q this corporation during the pen
)nu Of said ninety 1907 day period.
ARTICLE VII. The business of TIL
psntion shall be directed by and a.
n corporate powers vested in a Boar
Directors composed Of five stockhold
Z majority Of whom shall constitut
porum for the transaction of all bus
& Until the next annual election O
ssfsrs 10 be held under this charter
Until after their duly qualified sue
sen are elected and installed, til
ND Of Directors OF this corporatio
u ee composed Of L. l.. Hirsch. NJ. :
pttsr, 7. Hirsch. J. G. Lazard an
mn Levy, the postiffice addresses c
whom Is New Orleans, La. wit
Hirsch as president. NJ. J. Elgutte
mepresident, T. Hirsch as secretar!
!, {. Lazard as treasurer. The ar
election for directors shall be hel
ne third Wednesday Of June of eac
~ eeginning with 1923. All such eleC
4 snail be by ballot at the office {
evaporation, between the hours {
N. and 400 p. m, under n
p1Iision OF three commissioners to |
snted BY the Board Of Directors, an
" absence Of any commissioner tn
naent shall have the power, to fill II
appointment. Failure to hol
aeetlon on the day specified shall NJ
" ne corporation, but the director
ONCE shall hold their respecti'
nnnl an election shall be he'll
ni'een days notice of the time an
nereof Is given to each stockholde
usneies on the Board OF Director
inning directors.
~ elections Of directors, as well
1eungs Of stockholders. except ,
s required by law, fifteen day