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

Other stockholders desiring to pur-
chase stock under this article must in
due time. give, notice of such notice to
tho secreatry-treasurer of this corpora
tivn. In the event that the other stock
holder offer to buy more stock than is
offered. stockholders offering to buy
shall be entitled to buy the offered
stock in the ratio of their then stock
holdings in this corporation. For the
purpose of this article, the book value
shall be determined by the figures as
shown on the last financial statement.
No sale or other transfer of assign
ment of stock in this corporation shall
be valid until and unless opportunity
to purchase such stock has first been
given in the manner hereinabove pro-
vided to the other stockholders of this
corporation and this right so vested in
the other stockholders shall follow itno
any hands into which it may pass any
stock sold, transferred or assigned
without such opportunity being given,
and may be exercised against the holder
or holders thereof within 80 days after
such stock is rendered for transfer on
the books of this corporation, and no
transfer of any such stock shall be
made on the books of this corporation
during the tendency of said 90-day
period.
ARTICLE Wall or the corporate
powers of this corporation and the
management of it's affairs shall be
vested in and controlled by the board
or directors, 10 be composed or not less
than three nor more than five stock
holders except that the officers of this
corporation shall have and exercise the
power granted to corporate officers by
Section l6 of Act 267 of 1914.
A majority of the board of directors
shall constitute a quorum for the
transaction of all business. and a ma
pority vote of the quorum present at
any meeting shall be valid and cor
porate acts, within the scope. authority
and power of the board of directors.
Said directors shall be elected annu-
ally on the second Tuesday in January
of each year. commencing with the
second Tuesday in January, 1924, and
such directors so elected shall hold Of
flee for one year or until their success
| sors shall be duly elected, qualified
and installed. Failure to elect direc-
| tors at any annual meeting shall not
dissolve the corportion, but the direc-
| tors then in office shall hold over I'M
| til their successors are duly elected,
| qualified and installed.
Each stockholders of record on the
| books of said corporation shall be en-
titled to cast at such meeting, either
| in person or by proxy. one vote for
| each share of stock held by him, and a
majority of the votes cast at such
meeting shall elect or decide any other
question before it.
All meetings OF said stockholders or
directors shall be held at the domicile
of the corporation, except with the
written consent Of an directors, valid
meetings of directors may be held out
side of the State, or in the State, else
| where than at its domicile.
Any vacancy occurring. for any cause.
! in the board of directors. between the
dates of the annual meetings herein
| provided for shall be filled by the re-
naming members Of the board OF d.
| rectors.
Immediately after the annual election
| of directors. they shall meet and elect
| from their number president. one or
1
treasurer. but which two latter Of
| fees may be combined in one and the
| same person. The duties OF such OF
ficers shall be such as usually pertain
| to the position to which they are elect
| ed, and such as may be provided for In
the bylaws, or as may be designated
| by the board Of directors at any regu-
lar or special meeting.
| The present board Of directors or TINS
corporation is hereby fixed at five and
| until the first annual meeting OF the
stockholders for the election OF direc'
tors to be held on the second Tuesday
in January, 1924. Edward Wunderlich
Fred. Gamble, Horace Wilkinson. J. b
Bassich. and r. p. Bassich shall com
pose the first board of directors. VINO
| shall serve until the first election oil
| directors. or until their successors are
duly elected, qualified and Installed
and until that time, Edward Wunder
Itch shall be president; r. z. Bassich
lvice-president and general manager
and ]. b. Bassich. secretary treasurer
| ARTICLE vII-This charter may b'
amended. or this corporation may o.
dissolved in the method and manner
provided by law.
ARTICLE VIII-No member of this
corporation shall ever be held LIABLE
or responsible for the contracts o.
faults of this corporation In an!
further sum than the unpaid oaianc'
for his stock subscription. nor shal
any mere informally in organization
have the effect of rendering this char
ter null or exposing member 10 an!
liability than as above provided.
Thus done and passed in my offlc
at the City of New Orleans, Louisiana
on the day and date hereinaboVe witt
ten. in the presence of B. Turegano an
]. Myhand, competent witnesses, Wh
hereunto sign their names with sal
appearers and me. notary, after du
, reading of the whole.
(ORIGINAL SIGNED); o ,a,
Edw. underlich, 5 shares. 1873 Broad
. way; II. wilkinson, shares. Port Al
len La: Jules G.. Fisher, shares
Gretna, La; p. f. Vallee & Co,
shares, 2o4 Decatur st: r. A GaIho,,
shares. 215 Varities Place; Geo. .
, Glover. 8 shares. 1893 Whitney Bldg
, DiboiI & Owen. Ltd. shares, AZ IN
; terstate Bank Bldg; ThSs f. VIVA GrahalI
Clark. Jr., / share, 81 Baronne 81
+ Louis Christianson. per ]. b. BasslcI
> shares, Room c, Sugar ETcnanss
! Bldg, New Orleans, La ~, n nv !.
man, share, sos Tchoupitoulas 81
, New Orleans, La; ]. b. Basslch;
trust- shares, 307 Interstate Ban
. bldg, New Orleans, La: Raymon /
I Bassich, in trust, shares. 1923 Peter
Z Avenue. ,,l,
fSeaO. ROBERT r. RAMOS.
Notary Public.
1SeaN. ROBERT r. RAMOS.
Notary Public
: Aug. 17-Sept. 81.