The herald. [volume] (New Orleans, La.) 1905-1953, 1922-09-28
CHARTER.

constitute a quorum for the transaction
OF business.
The directors may vote in person or
by written proxy in favor of any other
director. and the board may vote viva
vOCe.
The first Board of Directors shall be
composed of Albert HurwitZ. Louis Bern
stein Victor Hurwitz. Samuel Mntz and
Miss Ella Hurwitz whose addresses are
as follows.
Albert Hurwitz. address 34OO Napoleon
avenue. New Orleans. La.
Louis bernstein, address 2i0S Milan
street, New Orleans, La.
Victor Iurwitz. address 3iO0 Napoleon
avenue, New Orleans, La
Samuel Mint. address 1903 Napoleon
avenue, New Orleans. La.
Miss Ella Hurwitz. address 300 Napoleon
avenue. New Orleans, La.
The officers of said corporation shall be
IS follows: Albert Hurwitz. President
Louis bernstein. First Vice President and
Manager, Victor Hurwitz. Second Vice
President; Samuel MINT Treasurer, Miss
Ella lluTwitZ. Secretary.
These directors and officers shall serve
until the third Monday Of July, 1928, or
until their successors shall have been duly
elected ana qualihed.
The annual meeting IF the stockholders
for the election of officers shall be held
on the third Monday of July, beginning
with 1928, unless such day shall be
legal holiday. and then on the next non
holiday thereafter. At said annual meet
ing the Board of Directors Shall be chosen,
ana Immediately thereafter, or as soon
as possible the directors shall meet aud
elect the officers of the company, but
tailur" 10 hold IN election shall not dis
solve the corporation, but the directors
shall hold their respective offices until
their successors are elected.
Any vacancy among tn" directors occur
ring by death, resignation or otherwise,
shall be- filled for the uneNpircd term by
the remaining directors.
At all elections each stakeholder shall
be entitled to one vote for each share of
stock standing in his name on the books
of the corporation. He may east his vote
by written proxy. majority of the
stockholders the vote shall be cast by
ballot.
\ meeting or the stockholders Of IN"
corporation may be held AZ any time at
the request of any two members of the
Board Of Directors, the stockholders to
be given fifteen Gjb days written notice.
which will state the object of the meet
ing and be addressed to the last known
place of address of the stockholders
ARTICLE VI In case Of the increase
of the capital stock by the preferential
right To buy the new issue in the ratio
of their holdings of the cOmpany's stock.
ARTICLE VII No notes or other ne
gCtiable instruments, and no orders for
the payment Of money, and no contracts
running for period exceeding one year
shall be valid unless the same shall be
authorized by the signatures of two OIL
GERS of the company.
ARTICLE VIII. All sales and other
transfers of the stock of this corporation
shall be void unless said stock shall have
been previously offered TO the then hold
ers of stock through the Board of Direc-
tors at a stipulated price. and if the ex-
listing stockholders and the Board of
Directors do not see tit to purchase the
said stock, then il shall not be sold at
less price or upon more favorable terms
without likewise Offering it TO the Board
at such price and upon such terms. The
then holders Of the stock shall have the
right to purchase said stock in the rStiO
of their hOl&DgS, This provision shall
be printed, written or stamped on each
certificate Of stock.
ARTICLE TX. In the event OF the
liquidation or dissolution of this cOrpOr-
alton the stockholders shall elect two
liquidatorS from among their number at
a meeting convened for that purpose,
after fifteen Qj) days written notice sent
TO each stakeholder by mail to his last
known address; said liquidatOrs shall have
the authority to wind UP the business
and affairs Of this corporation. In case
Of the death of a liquidator, the survivors
shall appoint stakeholder as successor
to him.
ARTICLE Y. This charter may be
modified, changed or altered. or said cor
poration may be dissolved with the assent
of stockholders owning two thirds of the
entire capital stock, at a general meet
ing of the stockholders convened for that
purpose, after fifteen (lJ) days written
notice shall have been given to each
stakeholder. mailed to him at his last
known address.
ARTICLE NJ. No subscriber for stock
shall ever be held liable for the con-
tracts, faults or debts Of said corporation
in any further sum than the unpaid bal
ance, if any, due the corporation 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. II
any, on the stock owned by him; nor
shall any mere informality in organization
have the effect of rendering this charter
null, or rendering any subscriber or stock
holder liable beyond the unpaid amount,
if any, remaining due on his stock.
ARTICLE XII. This corporation Is
organized under the laws of the state OF
Louisiana, and especially Act 267 of 1914
and the subscribers hereto, for themselves
and said corporation, and for its officers,
directors and stockholders, hereby accept
as part of this charter and as conditions
OF this corporation all the rights powers,
privileges and immunities granted TO
corporations and granted to and con-
ferred upon officers, directors and stock
holders Of corporations by said laws and
said act; such acceptance being as full,
complete and binding as II said rights.
powers, privileges and immunities were
set forth at length in this instrument.
Thus done and passed in my notarial
office in the city of New Orleans, afOre-
said, in the presence of u. X. Ferrera
and Marcella Leach. competent witnesses
of lawful age and residing in this city,
who hereuntO subscribe their names, to-
gether with said parties and me, Notary,
on the day and date set forth in the
caption thereof.
Original signed: Samuel Mintz, .
shares; Albert Hurwitz, 80 shares; Louis