The herald., 1912-05-23

Be it 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 Mclean
Janin, a 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, awaiting 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 1888, 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:
The name and style of this corporation
shall be Il. SIDNEY BELL, NC" and by
said corporate name shall nave 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; II
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 to alter or break at pleasure; to make
all necessary rules and regulations Tor lts
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.
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 1t, are here
by declared TO be as follows: to engage IN
and conduct a general insurance business,
including fire, burglary, liability, hdelty,
guarantee, casualty, plate glass and marine
as local agents, general agents, or as brok-
ers, In all its phases, conditions and modifi-
cations and generally to engage in ana 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
$50, 100000 dollars, divided into one hun
dred (i00l shares Of the par value a. OF lone one
shall be issued only for cash, or In payment
of property or services actually received oy
or rendered to said corporation. SAID STOCK
shall be fully paid at the time OF Its issu-
ance and shall be non-assessable thereafter
The parties to this declare that they hereby
subscribe for the number Of shares or said
capital stock set opposite their respective
poration shall serve as an original subscrlp-
ton. This corporation shall become GO
ing concern as soon as three thousand tS5,,
100000 dollars of its capital STOCK snail
have been subscribed and paid for.
ARTICLE V.
All the powers of this corporation shall be
vested in and be exercised by a board OF
three go directors, to be elected each year,
by the stockholders, at their annual meet
stockholders, and the first board shall con-
sist OF I. Sidney Bell, William c. Soria and
John Soria. They shall proceed to elect
from their own number president, N wee
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 legal holiday,
then upon the next following lay day. al
said annual meeting the stockholders snail
elect from their own number board OF d.
rectors for the ensuing year, the board al
ready installed to continue to hold over I'M
til their successors are elected and qualined
The board of directors so elected shall!
elect from their own number the officers OF
this corporation who shall be president,
vice-president and secretary-treasurer the
election of directors shall be by ballot, ana
the person receiving the largest number OF
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 ~ vote, and ma
jority of the votes cast shall be required to
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
rules and regulations for the management,
operation and control of the business OF the
corporation as well as to make all necessary
rules. regulations and bylaws, and shall
have the authority to I'LL any vacancy oc-
curing In their number. majority OF the