The herald., 1911-09-14
CHARTER
OF THE McHENRY HORSE EXCHANGE

OF THE McHENRY HORSE EXCHANGE.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF OR
LEANS, CITY OF NEW ORLEANS.
Be it known and remembered, that on
this llth day of the month of September IN
the year of our Lord one thousand ana nine
hundred and eleven, and of the independence
of the United States OF America the one
hundred and thirty-sixth, before me, AOra-
ham Goldberg, u notary public, IN ana lor
the parish of Orleans, state or LOUISIANA,
therein residing, duly commissioned, sworn
and qualified and in the presence OF the VIII
nesses hereinafter named and undersigned,
personally came and appeared the several
persons whose names are hereuntO suDscrlO-
ed, who severally declared that awaiting
themselves of the laws OF the state OF Lou
isiana, and particularly Act as of the Acts
OF 1904, they do by these presents, ior
themselves and for those who may hereafter
become associated with them, form corpO-
ion and body polite in law, for the or
iects and purposes, and under the agree
ments and stipulatiOns herein set forth, TO-
wit:
The name of this corporation shall be
"McHENRY HORSE EXCHANGE, by
which name said corporation shall have ana
enjoy corporate existence and succession for
the term of ninety-nine years from ana al
ter the date hereof, unless sooner dissolved,
according to law. 1t shall have power 10
contract, sue and be sued, TO make ana use
a corporate seal, and the same TO break
and alter at pleasure; TO hold receive,
lease, purchase, sell and convey, as wen as
mortgage and hypothecate, under It's cOrpo-
rate name, property, both real ana personal
to borrow and lend money, TO give and re
ceive securities therefor; TO name and APP
point such managers, directors, Omcers,
Overseers and agents as the interests anu
To make and establish such bylaws, rules
and regulations for such corporation as may
be necessary and proper, and the same TO
alter and amend at pleasure.
ARTICLE II.
The domicile Of said corporation shall be
in the city of New Orleans. All citations
and other legal process shall be served upon
the president of said corporation and In
case of his absence upon the vice president,
and in case of his absence upon the secre-
tary-treasurer thereof.
ARTICLE III.
The objects and purposes for which this
corporation is established and the nature
of the business TO be carried on by IL are
hereby declared and specified 10 De, 10 carry
on a general business for the purchase, sale
and dealing in horses, mules and other i've
stock; to conduct and carry on stables for
the feeding boarding and handling OF live
stock, and to conduct and carry on an eH-
change where horses, mules ana i've STOCK
may be sold at public or private sale ana
generally to hold and exercise all such incl
dental powers and privileges as relate to
the objects hereinbefOre set forth.
All of the above corporate functions may
be performed both in the state of louisiana,
and in any of the other states of this Union.
ARTICLE ".
The capital stock of this corporation is
| hereby fixed at the sum of five thousand dol
lars (S5,OO0.OO), to be represented by hfty
| 800 shares of stock of the par value OF
| one hundred dollars (Sl0O.0O) each, all OF
which said stock shall be subscribed for al
the time of the organization of this com
pany and shall be paid for in cash before
any Of the said stock shall be issued.
ARTICLE V.
| Transfers of stock shall be made only or
| the books of the company, subject to such
regulations and formalities as the board Of
directors may prescribe.
| 1t is hereby declared to be a Fundamental
condition attached to the stock of this cor
poration, which shall be expressed on the
face of the stock certificates, that every
holder thereof shall, before he sells his stool
| to any other person than an existing stock
holder of the company. offer the stock t'
the existing stockholders at the price a
which he is offered therefor by any person
not a stakeholder, and no transfer of stool
shall be made on the books of the compan!
until proof Is administered that this condi
tiOn has been complied with.
ARTICLE vi.
ton shall be vested in, and all its bushes
and affairs managed and directed by boar,
of three directors, who shall be elected an
nually at a stockholders meeting to be he'll
| fe-N Of Thar In nc
year, commencing with the first Monday Il
September, 1912. Each subscriber shall b
entitled TO one vote for each share of stoc
standing in his name, to be cast In perso
or by proxy, and majority of the vote
cast shall elect. The directors shall hol
office for the term of one year, and unit
their successors shall have been elected an
qualified. The directors shall elect a pres
dent, a vice-president, who shall be genera
manager, and a secretary-treasurer, froI
among their number. In case of vacanc
occurring on the board from death, resigns
ton or otherwise, the remaining director
shall fill the vacancy until the next ee'
ton. The board of directors shall hay
power to make and establish all necessar
rules and bylaws for the government c
said corporation to regulate the transfer {
stock, and enforce the payment of unpai
installments of the stock subscription; I
appoint all such other employees, clerk
agents, overseers and representatives. as
their Judgment may be necessary for tn
conduct of the business of the corporation
and to fix their compensation. They sha
) have the right to discharge or release an
, employee at pleasure. The duties Of Il
various officers shall be fixed by the bylaw
Of the company.
ARTICLE VII.
? The following named persons, to-wit:
, III. MCGEE, Frank McHenry and Claren
Nee Hopkins, with the said III. III. NEG
> as president Frank Mcf1eury as vice-pres
, dent and general manager, and Claren
Nee Hopkins as secretary-treasurer. shs
e be and are hereby constituted the first boa
a Of directors and officers of said corpora til
and shall hold their offices until the fir
o Monday In September, 1912, or until the
A successors shall have been elected and qua
fed.
e ARTICLE VIII.
Whenever this corporation Is dissolve
either by limitation or otherwise, its anal
!. shall be liquidated by three liquidators
be elected by the stockholders at genei
o meeting convened in accordance with \
!, ticle TX Of this charter The said liquids
!. ors shall remain in Office until after the
u fairs Of said corporation shall have be
fully liquidated. In the event of the dea
Of any of said liquidators, or OF vacan
oocurrfnp am0uO said liniIidatOrS from a