The herald., 1922-08-17
CHARTER.

INTO .ruG represented toy >iN hundred
shares &C. the par value ~ one hundred
,SlUOCoI dollars pcr share.
In the event any holder or owner Of
stock. as well as his widow. estate or
heirs. desires to sell or dispose 81 III"
Z same. such holder or owner. rs wei rs
hi> widow, ESTATE or heirs. must nr~i zen
der such stock to TIA, other ~Io' hhold'rS
through the board Of directors. Tor pur-
chase for period of ten days iu writing,
AZ the price of said stock on the books oi
the corporation, and during Su'h period
of ten DAYS. the said stockholders have the
exclusive right TO purchase said stock IN
the proportion of their holdings. or To re
4 iect the purchase of said stock. as thrN
+ may elect: and in the event tn" said
! stockholders, through said hoard shali
fail to make said purchase within the Sald
period at the price offered, under I'll" con
ditions aforesaid. then and in that event,
q the stakeholder or stockholders. as wen
rs his widow, estate or heirs desiring !"
dispose of his stock, may sell the same T."
such other person or persons rs he may
fit.
No transfer OF stock shall be- binding
upon the corporation unless mad" aud re-
corded upon the books of the corporation
Th. corporation shall have the right To
refuse To transfer any stock so long as
the stakeholder demanding the transfer
is in any way indebted to the corpora
tiuu. and the corporation shall nave
lien. pledge and privilege on each share
of stock to secure any Indebtedness du"
by the shareholder To the corporation.
ARTICLE V-The corporate powers OF
this corporation shall be vested in and eX-
erci>cd by board OF directors, four In
number. who shall he stockholders III TINS
corporation and who shall he "l'c."d ny
the stockholders annually at "A general
Meeting to he held on the second Monday
, of June and the said board shall Lave,
n and is hereby vested with, all the cor
, CRATE powers of this corporation SunJtr'
, only TO such restrictions aS may he here
, I u mentioned Not less thaA three dir'C-
tors shall constitute a quorum for the
transaction of any business by the sam
! GARD of directors.
From the said directors there shall be
. elected annually. the officers Of the cor
, roratiuu as follows: LIST. PRESIDENT
End. \ vice president; 3rd. \ secretary,
and 4th \ treasurer. The board OF di-
l. rectors shall also have the power to ap--
= point an assistant secretary who need
: not be a stakeholder. The following per
y sons each of whom and who each
e declare themselves to be bona fde owners
j. Of at least one unpledged share of stock
II in this corporation, shall constitute the
y first board Of directors: Charles Levy
l. president 70l Pine Street, New Orleans
Il La; Alfred AltmOnt vice-president, az
n Pine Street, New Orleans, La; Harry Lat
% ter. treasurer, 1911 Valmont Street New
: Orleans, La; Joseph Il. Blum secretary
t l4l6 Cadiz Street. New Orleans, La.
The said board of directors above
Ie named shall continue in office until their
n successors are elected. Each board or
n, directors at the first meeting after their
~ election, shall elect officers for the cor
ne pOration as hereinabove provided, who
~ shall likewise hold office for one year.
to Notice of stockholders annual meeting
re must be delivered personally or by de-
. posting in the post office properly 40
10 dressed to each stakeholder at least fif-
~ teen days before such meeting. other
Oh stockholders meeting may be held when
so ordered by the board of directors, or the
- holders of at least thirty-hve C31io) per
OF cent of the outstanding stock, after no
ne tice as aforesaid. The board of directors
shall appoint stakeholder to act as
IN commissioner at election of board OF Oh
ld rectors, and in the event of said commits
We Sioner failing to be present at the time
r fixed for a meeting, the president shall ap-
t. point another stockhDlder in his seal.
TT Failure from any cause TO elect dlror-
e' ters on the day named for the purpose,
- will not dissolve this corporation. but the
T. directors in office as well as the other
officers of the company shall hold ever
until their successors are chosen. In such
event the president shall cause another
election to be held within thirty days and
,c' at a date and hour named by him. giving
H. the notice to the stockholders as required
by law.
At every election and meeting each
stakeholder shall be entitled to one vote
for each share Of the capital stock OF th'
:. corporation standing in his name, ana ne
'E may vote such stock by written proxy
given to any other person to represent
is him at such meeting. The election OF III
,r- rectors shall be by ballot and the ma,
NV iority Of the amount of votes cast shat
To- elect the person or persons for whoH
he they have been cast
of ARTICLE VIA special meeting OF th'
h board of directors Of this corporation
10 may be called at any time for any pur
,rn pose by the president or upon request o
,r- any stakeholder holding at least 100
as- the stock of this corporation.
ed ARTICLE VII-This act Of incorpOra
nd ton may be changed, modified or amend
res ed or the corporation dissolved, by vot,
nj. of two thirds of the entire capital stocI
Of present or represented, at a general meet
of ing of the stockholders convened for sucl
md purpose, after previous notice shall nav
INF heen given in the manner above requires
rs TO be given Of the annual meeting OF Tn
as hETICLE WIFI rhis corporation
Oh shall be dissolved. either by limitation .
ar from any other cause, its AFFAIRS shalI .
IL. Inundated by three commissioners TO D
49, appointed at the meeting Of stockholder
nis convened for the purpose OF hquldatloI
iue and to be elected by the vote OF all IN
or stock hOlderS voting upon parity. sal
ior liauidators shall remain In Office until IN
!! affairs of the corporation snail nave pee
re- fully settled and liquidatcd. and they sha
axe have full power and authority to trans
ihu fer and give title to all the property ah
,DE assets OF the corporation ana 10 dstr
DrI- ability or resignation of one llquidat0
peI the vacancy shall be filled by the surV
vOrs. =, ,
efs' hold liable for the contracts or faults
uH- said corporation in any further sum tina
re- the unpaid balance due on the shares
as stock owned by him. nor snail any me
iit, informality in organization have the
ioF feet of rendering this charter null or
OF exposing any stakeholder to any liabili
.,n De beyond the unpaid balance due on b
I'll stock.
sell In order that this charter may serve
Lher the original subscription list. the su
eA scribers hereto have indicated opposl
anu their respective signatures the number
anu shares of stock subscribed for by ga
IN" Of them.
Thus done and passed at my office
cor the CITY Of New Orleans, La. on the "a
Or month and year first herenaboye write
,ita- In the presence OF Messrs- Edgar
be Calm and Arthur J. Ryan, competent W
ON neSsps, who have hereuntO subscrlO
Iice their names, together with me. notary al
the said appearers, after due reading
pur- the whole. ,
or witnesses: I. Edgar NJ Calm; 2. a
5 to thur J. Ryan.
sred GORIGINAL SIGNED:
Chas. Levy, 200 shares; Alfred N
- mont 30 shares: Chas AlltmOnt'
-sry, shares: Harry Latter. 40 shares: Jose
ueai f. Blum, by Harry Latter. 100 shares
MIN, (SeaO VIM. +. CONKERTON
and Notary FGb
2 ~ I the undersigned Recorder OF Mo
SET cages. in and for the Parish or orlea
hah- State of Louisiana, do hereby certify 7
!. a .nee the above and foregoing act OF incorp"