The herald. [volume] (New Orleans, La.) 1905-1953, 1922-09-14
CHARTER.

Inc ofncerS OF eaid corporation shall De
as follows: Albert Hurwitz, President;
Louis Bernstein, First vice-President and
Manager; Victor Hurwitz, Second Vice
President; Samuel MintZ, Treasurer; Miss
Ella Hurwitz, Secretary.
These directors and officers shall serve
until the third Monday of July. 1923, or
until their successors shall have been duly
elected and qualified.
The annual meeting of the stockholders
for the election of officers shall be held
on the third Monday of July, beginning
with 1923, unless such day shall be a
legal holiday, and then on the next non
holiday thereafter. At said annual meet
ing the Board of Directors Shall be chosen,
and Immediately thereafter, or as soon
as possible, the directors shall meet and
elect the officers of the company, but
failure to hold an election shall not dis
solve the corporation, but the directors
shall hold their respective Offices until
their successors are elected.
Any vacancy among the directors. occur
ring by death, resignation or otherwise,
shall be filled for the unexpired 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. A majority of the
votes shall elect. At all elections by the
stockholders the vote shall be cast by
ballot.
corporation may be held at any time at
the request of any two members Of the
Board of Directors, the stockholders to
be given fifteen Q5) 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 caRital stock by the preferential
right to buy the new issue in the ratio
of their holdings of the cOmpany's stock.
No thn-
gotiable instruments, and no orders for
the payment of money. and no contracts
running for a period exceeding one year
shall be valid unless the same shall be
authorized by the signatures Of two Off
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 Mt to purchase the
said stock. then IL shall not be sold at
a less price or upon more favorable terms
without likewise offering 1t 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 ratio
of their holdings This provision shall
be printed. written or stamped on each
| certificate of stock.
| ARTICLE IN. In the event Of the
| liquidation or dissolution Of this corpor-
alton the stockholders shall elect two
| liquidators from among their number nj
| a meeting convened for that purpose.
after fifteen (15) days written notice sent
| to each stakeholder by mail to his last
known address; said liquidators shall have
the spthority to wind UP the business
and affairs of this corporation. In case
Of the death of liquidator. the survivors
shall appoint a 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 general meet
ing of the stockholders convened for that
| purpOse. after fifteen (15) days WRITER
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 thu
stock for which he has subscribed: = mo-
shall any stakeholder ever be held liable
for such contracts. faults or debts In any
further sum than the unDaid balance. i
any on the stock owned by him; mo-
| shall any mere informally in organization
have the effect of rendering this charter
null. or rendering any subscriber or stock
holder liable beyond the unnaid amount
if any. remaining due on his stock.
| ARTICLE MI. This corporation 4
organized under the laws Of the state o
Louisiana and especially Act 267 of 1914
and the subscribers hereto. for themselve
and said corporation, and for its officers
directors and stockholders hereby arcep
as part of this rfarter and as condition.
Of this corporation all the rights, powers
privileges and immunities granted q
corporations and granted to and con
ferrpd upon officers. directors and stock
holders of corporations by said laws an,
said act: such acceptance being as full
complete and binding ms N said rights
powers. privileges and immunitins wer
set forth at length in this instrument.
Thus done and passed in my notaria
office in the city of New Orleans afore
said in the presence of p. r. Ferrer
and Marcella Leach. competent witnesse
of lawful age and residing in this CITY
who herennto subscribe their names. 10
gethpr with said parties and me. Notary
on the day and date set forth In tn
caption thereof