The herald. [volume] (New Orleans, La.) 1905-1953, 1912-10-31
CHARTER

| CHAR lex
OF LEON IRWIN & COMPANY, INCOR
UNITED STATES I9F "a AnERrc, sr,Tr
OF LOUISIANA. PARISH OF ORLEANS
BE II known, that on this twenty eight
day of the month of September in the yea
OF our Lord one thousand nine hundred ant
twelve and Of the independence of the Unite,
States of America, the one hundred ani
thirty sixth. before me- Frank Edward Rain
old, notary public, duly commissioned anI
qualified in and for Orleans parish therein
residing, and in the presence of the wit
neSSeS hereinafter named and undersigned
personally came and appeared the severa
persons whose names are hereunto sub
Scribed, who severally declared that availin!
themselves of the provisions of the laws o
the state of Louisiana. governing corpora
lions in general, they have contracted an,
agreed and by these presents contract anC
agree and bind themselves. as well as sucl
other persons as may hereafter become asSo
| ciated with them, to form and constitute
corporation for the objects and purpose:
and under the articles and stipulatiOns fol
ARTICLE I.
| The name of said corporation shall be
| Leon Irwin K Company, Incorporated, and
under said name shall have power and au
| thOrity TO have and enjoy succession for a
period of ninety-nine (99D years from da &c
| hereof, TO contract, sue and be sued to make
and use a corporate seal AMI same to break
| and alter at pleasure to hold, receive, pur
| NfAAN
| hypothecate property real and personal, to
name and appoint such managers, agents
directors and officers as its business interest
and convenience may require, TO make and
| establish, as well as alter and amend from
| time TO time bylaws. rules and regulations
| for the proper conduct, management and
regulations of its affairs.
ARTICLE III.
The domicile Of said corporation shall be
| New Orleans, Louisiana: all citations and
other legal process shall be served on the
president, and in his absence upon the sec
| rotary and treasurer.
| ARTICLE III.
The object and purposes for which said
| corporation Is established are hereby de-
! clared to be, to conduct a business OF acting
as agents or general agents and brokers in
effecting fire, life, or marine insurance and
all other kinds of Insurance for any per-
sons, firm or corporation, to act as agent of
companies In the transaction of insurance
business In all its branches and generally to
do and perform all things connected with
the Insurance agency business.
ARTICLE w.
The capital stock of said corporation Is
hereby fixed at twenty-five thousand dol
lars 1925, 0O0OO). divided into and repre-
sented by two hundred and fifty shares Of
shall be paid for la cash in such INSTALL
ments and at such times as the board of
directors may order, or Ii may be issued at
not less than par, in payment for labor ac-
tually done or property actually received,
or the property of insurance agencies or
business or other rights acquired by the cor
poration. This corporation shall be going
concern as soon as ten thousand dollars
(S1O,OO0.00l of its capital stock shall have
been subscribed.
ARTICLE V.
All the corporate powers of said cor
poration shall be vested In and exercised by
the board of directors, to be composed of
not less than three or more than five persons
to be elected annually on the second Mon
day In January of each year, beginning in
1914; such election to be by ballot at the
office of said corporation under the super
vision of one commissioner to be appointed
by the president; notice Of such election
shall be given In writing by the secretary
unto each shareholder by mailing a written
notice to his last known address, ten days
prior to date Of such election each share of
stock shall entitle Its owner to one vote in
person or by proxy, and majority Of votes
shall elect. Any vacancy occurring among
the directors by death, resignation or other
wise shall be filled by election by the re-
naming directors: failure to elect drec.
dissolve the corporation, but the directors
then in office shall remain In office until
their successors are elected and they shall
as soon as possible cause an election to be
held after giving ten days notice as above
provided. majority Of the directors shall
constitute quorum for the transaction of
business, and the board Of directors shall
at their first meeting following each annual
election, elect one of their number to be
president one vice-president and a secretary
treasurer.
ARTICLE VI.
The following named persons shall con-
stitute the first board of directors, namely
Leon Irwin, Gustave III. Crais and David b.
North, with Leon Irwin president, d. b.
North, vioe-president, and Gustave III Crais
as secretary-treasurer: they shall hold their
office until the second Monday of January.
1914, or until their successors have been
ARTICLE VII.
No stakeholder of this corporation shall
ever be held liable or responsible for its
contracts or faults In any further sum than
the unpaid balance due on the shares of
in organization have the effect Of rendering
this charter null or of exposing the stock
holders to any liability beyond the amount
of their original subscriptions.
ARTICLE VIII.
No transfer of stock shall be held valid |
and binding unless made upon the books Of
the company, and no stakeholder may dis
pose of his stock without first offering same
to other stockholders through the board of
at its actual cash or book value.
No pledge of stock shall be held valid and
binding unless the holder Of said stock first
obtains permission Of the board Of directors
to pledge the same, said permission to be
evidenced by written certificate signed by
the president and OBSERVATION-DISCLOSURES.
ARTICLE IX.
This charter may be altered or the cor
fourths In amount Of the outstanding cap
ital at a meeting convened for such purpose,
after ten days previous notice shall have
been given of such meeting by registered
mail to each stakeholder. All amendments
rs to Increase or decrease of the capital
stock shall be made according to the laws
Of this state In force at the time such
amendment Is made.
ARTICLE X.
Whenever this corporation shall be dis
solved by expiration or otherwise, Its af-
fairs shall be liquidated by two commission
RS selected from among the stockholders at
he general meeting declaring the dissolu-
Ion Of said corporation or at a general
nailed to each stakeholder by registered
nail ten days previous to said meeting.
Said commissioners shall be vested with full
ind complete power TO liquidate the bust
less Of said corporation.
The subscribers to this charter have
placed opposite to their names the number
II shares subscribed by each, so that the
anne forms the list of original subscriptions.
Thus done and passed at my Office In New
orleans aforesaid on the day, month and
Tear first above written, In the presence of
Joseph c. Helmer and Rosa Klar, competent
who have signed their names as
ueh with said appearers and me, notary,
fter reading thereof.
Original signed A G. Irwin and others I;
Witnesses: Jos c. Helmer, Rosa Klar
FRANK z. RAINOLD, ;
(SeaD Notary Public.
|, the undersigned recorder of mortgages
q and for the parish of Orleans, state of (
,ouisiana, do hereby certify that the above
nd foregoing act Of Incorporation Of the |
con Irwin & Company, Incorporated, was '