The herald. [volume] (New Orleans, La.) 1905-1953, 1911-01-12

the HOLLIS HAT SHOP COMPANY; and
II shall have existence for period OF nine
ty-nne years from the date hereof. unless
sooner dissolved, as hereinafter set forth.
ARTICLE IL.
The domicilc Of this corporation shall be
in the City Of New Orleans, Louisiana and
all citations or other legal process shall
be- served upon the president, or during his
absence or inability TO act, upon the vice
president.
1t shall have power TO contract, sue and
be sued under its corporate name; to have
and use a corporate seal, and the same to
alter at pleasure; to hold, receive, rent, sell
and purchase, as well mortgage and by
pOthecate property, both real and personal :
TO borrow and Iend money, for the purposes
of Its business; to appoint such directors
and employees as its interests may require (:
TO make and establish such bylaws rules
and regulations as may be necessary and
proper; and generally, to do everything
needed to carry out the objects and pur-
poses of this corporation.
ARTICLE III.
The objects and purposes for which this
corporation Is organized and the nature Of
the business to be carried on by IL are de-
clared to he dealing in millinery goods in
all of its branches.
ARTICLE ".
The capital stock OF this corporation shall
be the sum OF seven thousand dollars, di-
vlded into seventy shares, of the par value
Of one hundred dollars per share payobIc
whenever called for by the Board of Direc.
tors; and stock may be issued for the pur-
chase OF property or for services actually
rendered. No transfer OF stock shall be
recognized unless made upon the books of
this company
In the event any stakeholder desires TO
DISPOSE OF his stock, same shall be first of
fered to this corporation, and ten days
allowed within which to purchase same .
and in the event this corporation shouId
not purchase said stock same shall be of
fered TO the individual stockholders, who
shall have five days within which TO pur-
chase SAID stock and If not purchased, such
STOCK may be sold in open market.
In the event the capital stock Of this
corporation is increased. the then stock
holders shall have the right of purchasing
such stock In proportion TO the amount OF
stock held by them.
This corporation may begin business as
soon as It's capital stock shall have been
subscribed for.
ARTICLE V.
All the corporate powers Of this corpor-
alton and the entire management and con-
troll of Its business shall be vested i'm and
exercised by Board of Directors, TO be
composed of three stockholders, a ma iority
OF whom shall constitute a quorum for the
transaction of business, and who NAV be
present in person or by proxy
The directors of this corpora ton shall be
elected annually, on the second Monday in
January, at a meeting TO be held at the
once or this corporation, after five days'
written notice thereof shall have been given
by the secretary, by mail. to each stock
holder, addressed to his then known resi-
denee. Said election shall be by ballot and
each share OF stock shall be entitled TO one
vote. A majority of the votes cast shall
81 a-
under the supervision OF two commission
ers, to be appointed by the president. under
such rules as the Board OF Directors shall
All vacancies on the board shall he filed
by the remaining members until the next
election
The first Board Of Directors shall be
theodore Harz, Augustus +. Hollis, Jr. and
Gustaye A. Modinger, with Theodore Harz
rs president. Augustus f. Hollis. Jr.. as
vice-president and Gustave A. Modinger. as
all of whom shall hold
lfiiee until the second Monday in January,
1872, or until their successors have been
elected and installed.
ARTICLE VI.
This act Of Incorporation NAV be changed
,r amended or this corporation NAV be dis
solved, with the assent of three-fourths OF
me stock present or represented, at a gen |
raj meeting Of the stockholders, called for
PhAPVott or notice |
'nee week for thirty days. in a daily
newspaper published In New Orleans. and |
notice. In writing, addressed to each stock |
holder, mailed to him by the secretary, not |
ess than nve days previous to said meeting |
ARTICLE VII.
Whenever this corporation Is dissolved. |
vhether by Limitation or from any other
ause. its affairs shall be lIduidated bv two
to be selected by a majority
'ote OF the stockholders present or repre-
ented. Should any commissioner fail or
efuse to- act, from any cause, the other
nan have full power to act alone and on
he failure or refusal of both Commission
RS to act, from any cause, the stockhold
RS may select other commissioners, in the
manner above provided and after FIVE DAYS
office, by mall, given to each stakeholder.
ARTICLE VIII.
No stakeholder shall be liable or respon-
lhle for the contracts, debts or faults of
his corporation In any further sum than
ne unpaid balance due on shares subscribed
lr by him nor shall any mere informality
organization have the effect of rendering
older to any liability beyond the amount
ne by him for unpaid stock
Inus done and passed, In my Office in
he City or New Orleans, on the day, month
"a year herein first above written. in the
.esence or Messieurs Andrew Hauser and
iehard Angel, NJ. D., competent witnesses
no have hereunto signed their names with
I'd appearers and me, Notary.
Original signed: Theo. Harz. G. A. Mod
ger. A. +. Hollis, Jr. Andrew Hauser.
lchd. ANGEL, VI. d.
W.. f. BREWER, Notary Public.
|, the undersigned Recorder Of Mortga pes
and for the Parish OF Orleans, State Of
o9isiana, do hereby certify, that the above ,
Ia foregoing act or Incorporation of the i
Oils Hat Shop Co. was this dav racordad !
my office, In book lois, folio 3O4' :
New Orleans, December 10, 1910. !
lSigned) EMILE LEONARD. ID. r :
A true copy Of the original on file and of I
cord In my office. ;
w. +. BREWER. Not Puh :
C % ian - 10 % 1911