The herald., 1911-02-02

Il
duu OF the other laws OF this state rela-
i've 10 corporations and the Organiza ton
and formation thereof, they have covenant
Ell and agreed, and do by these presents
covenant, agree and bind themselves. as
well as such other persons who may here
AFTER become associated with them or their
successors, TO form and constitute a cOrpor-
dtlOn or body polite in law, for the OBJ
Jects and purposes and under the agree
ments and Stipulations following, to-wit:
ARTICLE |.
The name and style OF this corporation
shall be: SOUTHERN SEATING COM
iANf, and by that name il shall have
power and authority TO exist and enjoy sue
cesSlOn Tor the full term and period OF
nlnety-nine years, commencing on and to
be computed from and after the date and
day hereof.
ARTICLE IL.
The domicile OF this corporation shall
be in the City Of New Orleans, State Of
LOUISIANA. All citations and other legal
process snail be served upon the President
OF said corporation; or, in case Of his alb
Sence or inability to act, upon the Vice.
PRESIDENT; or, in the absence or inability
OF both the President and Vice President TO
act, upon the Secretary OF this company.
The President shall be the executive officer
of this corporation; he shall preside at
meetings Of the Board Of Directors and
stockholders.
ARTICLE III.
The objects and purposes for which this
corporation is established and the nature
or the business to be carried on by il are
hereby declared TO be as follows, tO-wit /:
To make and manufacture, purchase and
sell, and 10 generally deal in school books
furniture and supplies Of every character
and also furnishings, fittings. stationery
and supplies of all kinds for Offices and for
public and private buildings or individuals /:
10 do printing OF all kinds or cause the
same TO be done; TO act as the agent or
representative OF manufacturers, or dealers
FOR the sale OF any or all OF the articles
above mentioned or Of any article or drti-
cles within the scope Of the business OF this
corporation and generally TO do all things
necessary or convenient to properly con
duct the business OF this corporation.
ARTICLE ".
This corporation may sue and be sued In
its corporate name hold, have, receive, pur-
chase, convey, sell, mortgage, hypOthecate,
pledge, lease and suitcase, and enjoy real,
personal and mixed property; also borrow
money make and issue notes and bonds
make contracts: receive grants Of land, or
or personal property: and make and use a
corporate seal, the same to alter or break
at pleasure, but the failure to have a seal
shall not invalidate any Of the acts o.
proceedings OF this corporation; name and
appoint such managers, directors, officers,
clerks and agents as the interest and con-
venience of said corporation may require
and through its Board OF Directors MAKE
and establish such bylaws, rules and regu-
lations for the proper management and
regulation OF the affairs Of said corporation
as may be necessary, and the same TO alter
and change at pleasure, and shall possess
all the rights, powers and privileges 10
which corporations are or may be by any
general law or laws of this state author
lied and entitled to possess. Said corpora.
ton may exercise its corporate powers
within any other state or territory in the
United States, or foreign country that shall
permit the same.
ARTICLE w.
The capital STICK OF this corporation is
hereby fixed at the sum Of twenty-five thou
sand and O0-10O (S25,OO0.OOD dollars, rep
resented by two hundred and fifty shares
of one hundred and O0-100 (S1O0O0l each.
The company shall begin operation as
soon as seyenty-1ye shares OF the capital
stock are subscribed for or disposed Of.
All stock subscribed for shall be payable
at such times and on such terms and cOndi-
lions as the Board of Directors may from
time TO time fix and determine in each par
ticular case, or the Board of Directors may
issue certificates of paid-up stock in pay
ment OF property or goods actually deliv-
cred to this corporation or for services ac-
tually rendered to IL, or for rights, privi-
leges or franchises transferred TO ii, the
by the Board Of Directors, which shall
have full and final power to do SO. Divi-
dends shall be declared on the amount
actually credited on the capital stockswith-
OuC regard to the amount subscribed for.
Said capital stock may be increased in the
manner provided for by the laws Of this
State. Whenever an Increase OF said cap
ital stock shall have been authorized or
additional stock issued, fifteen days written
or printed notice shall be given to each
stakeholder, within which time persons hold
ing stock In this corporation shall have the
right TO subscribe for said increase stock
or additional issue of stock in proportion to
the number of shares OF stock then held
by them, and which additional shares shall
he paid for as the Board Of Directors may
direct After the expiration of said time
the Board Of Directors may dispose OF the
shares not taken, for the benefit OF the
company In such manner and on such terms
and conditions as they may think proper.
All transfers of stock shall be made on
the books OF the corporation and shall be
signed by the stakeholder or by his attor-
ney At all elections by or meetings OF
the stockholders, each share Of stock, wheth-
err paid for in full or not, shall be entitled
TO one vote. to be cast either by the person
in whose name the stock appears on the
books of this corporation at the time OF
the voting, or by his agent or proxy, duly
authorized in writing to that effect.
ARTICLE vi.
The business and affairs and corporate
powers of this corporation shall be trans
acted by a board of three directors, to be
composed Of stockholders thereof, and they
and each of them shall be elected by
majority of all the votes cast at meeting
to be held for that purpose.
As soon after the execution of this char
ter as practicable, the subscribers hereto
shall hold a meeting and select those TO
compose the first Board OF Directors OF this
CORPORATION and they shall hold office until
the third Monday In January, 1917, or until
their successors are elected and qualified ;
each subsequent board shall take their seats
Immediately following their election, or as
soon thereafter as practicable, and shall
hold their office until their successors shall
have been elected and qualined. ,o,o
On the third Monday in January, W.,
and annually thereafter, an election Tor
directors by the stockholders shall be held
ar the office Of the company. after ten days
nreyiOus notice OF such meeting shall nave
been given by advertisement appearing three
times in ten days In one OF the daily Eng.
fish newspapers published in the City or
Nev Orleans. the first advertisement ap-
nearing not less than ten days prior TO the
meeting and the last advertisement appear
ing on the day Of the meeting.
Every Board OF Directors shall at It's
first meeting after its election, or as soon
thereafter as practicable, elect President,
a Vice-President and Secretary from their
own number. -,
above specified shall not dissolve the cor.
noration. but the then existing Board OF
directors shall continue TO hold their Of
Aces and another election shall be held
as soon thereafter as practicable at time
TO he fixed by the Board of Directors then
in office, whereof five days prior notice s5ail
be given In the manner above provided,
.r,btch said notices shall he full and COM