The herald. [volume] (New Orleans, La.) 1905-1953, 1912-06-06
CHARTER
OF L. SIDNEY BELL, INC.
UNITED STATES OF AMERICA, STAT
OF LOUISIANA, PARISH OF OIL
LEANS

or LOUISIANA, PARISH OF OR
Be 1t known, that on this twentieth day
of the month of May, in the year of our
Lord one thousand nine hundred and twelve,
and of the Independence of the United
States OF America the one hundred and
thirty-sixth, before me, Lawrence McLea \
Janin, notary public, duly commissioned
and qualified In and for the parish Of Or
leans and state of Louisiana, therein resid-
| ing, and in the presence of the witnesses
hereinafter named and undersigned, person
ally came and appeared the several persons
whose names are hereunto subscribed, who
| severally declared that, availing themselves
| OF the provisions of all of the laws OF this
state relative TO the organization Of corpO-
rations, particularly of Act No. SO of the
session of the General Assembly of the state
OF Louisiana of 1883, they have covenanted
and agreed, and do, by these presents, form
and organize themselves, as well as such
other persons as may hereafter become asso-
ciated with them, into a corporation or body
polite in law, for the objects and purposes,
and under the stipulations following, to-
wit:
ARTICLE I.
! The name and style of this corporation
shall be IL. SIDNEY BELL, NC" and by
said corporate name shall have succession
and enjoy existence for a period of ninety
nine years from date hereof, unless sooner
dissolved In the manner provided by law,
and under the articles of this charter; it
shall have power and authority under its
| corporate name, to contract, sue and be sued,
| to make and use a corporate seal, and the
same 10 alter or break at pleasure: TO make
all necessary rules and regulations for its
corporate management and control, and shall
have and enjoy all the rights, privileges, and
| immunities which are now conferred upon or
may hereafter be granted to, corporations
| OF the same kind and character.
ARTICLE ii.
The domicile of this corporation shall be
In the city of New Orleans, state of Louisi-
ana, and all citations and other legal pro-
| cesSes shall be served upon the president
or, In his absence or inability TO act, upon
any other officer of the corporation.
ARTICLE III.
The objects and purposes for which this
corporation Is organized, and the nature Of
the business to be carried on by it, are here
by declared TO be as follows to engage in
and conduct a general insurance business,
including fire, burglary, liability, fidelity,
guarantee, casualty, plate glass and marine,
as local agents, general agents, or as brok-
ers, in all It's phases, conditions and modifi-
cations and generally to engage in and un-
dertake any other enterprise or perform all
acts incidental to or germane to the pur-
poses above set forth.
ARTICLE ".
The capital stock of this corporation Is
hereby fixed at the sum OF ten thousand
10,00000) dollars, divided into one hun
dred (1OOl shares OF the par value of one
hundred (Sl00O0) dollars each said stock
shall be issued only for cash, or in payment
of property or services actually received by
or rendered to said corporation. Said stock
shall be fully paid at the time of its issu-
ance, and shall be worcestershire thereafter
The parties to this declare that they hereby
subscribe for the number OF shares Of said
capital stock set opposite their respective
signatures hereto so that this act of incOr-
poration shall serve as an original subscrip-
ton. This corporation shall become 60
100000 dollars of its capital stock shall
have been subscribed and paid for.
ARTICLE V.
All the powers of this corporation shall be
vested a Inv ard ne
three 81 directors to be elected each year,
by the stockholders, at their annual meet
ing: the said directors shall be bona fide
sist Of L. Sidney Bell. William c. Soria and
John Soria. They shall proceed to elect
from their own number a president, vice.
remain in office until their successors shall
have been elected and qualified The annual
meeting OF the stockholders of this corpora
ton shall be held on the third Monday In
the month of May of each year, except when
such day shall fall upon a legal holiday,
then upon the next following lay day. At
said annual meeting the stockholders shall
elect from their own number a board of di-
rectors for the ensuing year, the board al
ready installed to continue TO hold over I'M
til their successors are elected and qualified.
The board of directors so elected shall
elect from their own number the officers of
this corporation, who shall be a president,
vicePresident and secretary-treasurer; the
election of directors shall be by ballot, and
votes shall be declared elected. For electing
directors or for any other purpose, each
share of stock, whether present or by proxy,
shall be entitled to one "a vote. and a ma
pass any resolution, or decide any question
submitted to the stockholders, except for the
alteration or amendment of this charter, or
the dissolution of the corporation, as herein
after provided.
The said board Of directors shall have
power and authority to make all necessary
LIT ora1 g. ~.
operation and control of the business of the
corporation as well as to make all necessary
rules, regulations and bylaws, and shall
n nave the e authority to fill any vacancy oc
directors voting at any one time, In person
or by proxy, shall be required to pass any
resolution or adopt any bylaw, and which,
when so adopted, shall become valid corpo-
rate acts.
ARTICLE VI.
Notice OF all meeting of stockholders for
electlng directors, or for any other purpose
except as may be hereinafter directed. Shall
be given In writing, by the secretary-treas-
9rer, TO be deposited in the mail, at least ten
stakeholder at his last known address an.
pearing upon the books OF the corporation.
unless said notice Is waived In writing by
al the stockholders appearing as such upon
ARTICLE VII.
rms act or Incorporation may be changed.
modined or amended or this corporation
n
the holders Of three-fourths (3-41 in amount
of its outstanding stock given at a general
meeting OF the stockholders, to be con-
vened after ten (10) days prior notice 70
be given In one of the daily newspapers pub
lished In the city of New Orleans, in addi-
tion to the personal notice to each stock
holder as provided In Article vi Of this
charter, and such changes as NAV be made
In reference to an increase of capital stock
shall be preceded by such notices, DELAYS and
formalities as by law required.
In the event of the dissolution of the said
corporation, either by limitation of its char
yer, or otherwise, its affairs shall be liqui- |
1aled oy three (3) commissioners, to be
erected at special meeting called for that
purpose. as above provided; and they shall |
remain In Office until the affairs of said cor.
poratlon shall be fully liquidated: and in |
case or the death OF one or more of said H. |
quidators, the survivor or survivors shall |
continue to act
No stakeholder shall be held liable or re- |
II this corporation in any further sum than
lhe unpaid balance due TO the corporation |
On the shares owned by him, nor shall any
mere 1nformality In organization have the |
erect OF rendering this charter null or of |
exposing any stakeholder to liability beyond |
me amount OF his unpaid stock, IL any.
Thus done and passed in nv nota rial Office
IN the city Of New Orleans. on the dav
month and year hereinbefore written, in the
presence OF John Watt Duffy and Morris /
ounn, competent witnesses who hereutno
sign their names. together with said appear.
rs. and me, notary, after due reading Of |
Original sIgned) W. C. soria, 10 shares
|. Sidney Bell. 10 shares Jno. watt Dufy.
LAWRENCE NJ. JANrr.