The herald., 1912-06-20

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, availing themselves
Of the provisions of all Of the laws Of this
state relative to the organization of corpo-
rations, particularly of Act No. 36 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 corporation or body
polite In law, for the objects and purposes,
and under the stipulations following, to,
wit:
ARTICLE I.
The anS sEf BELL q hs Sp
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; Ii
shall have power and authority under its
corporate name, to contract, sue and be sued,
same to 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
may hereafter be granted to, corporations
Of the same kind and character.
ARTICLE III.
in the 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
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 Its phases, conditions and modif-
cations and generally to engage in and un-
dertake any other enterprise or perform all
acts incidental to or germane to the pur-
| ARTICLE Nv.
The capital stock Of this corporation Is
0ed At the Of ten
dred (100) shares Of the par value of one
hundred (S100.0O) 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 non-assessable 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-
tion. This corporation shall become go
OO0.OO) dollars of its capital stock shall
have been subscribed snTaca and q paid for.
All the powers of this corporation shall be
vested in and be exercised by a board OF
three (3) directors, to be elected each year
the at ther he annual nn
stockholders, and the first board shall con
sist of L. Sidney Bell, William c. Soria and
John Soria. They shall proceed to elect
from their own number a president, vice
president, and secretary-treasurer, who shall
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 wher
such day shall fall upon a legal holiday
then upon the next following lay day. A
elect from their own number a board of di
rectors for the ensuing year, the board al
ready installed to continue to hold over un
| til their successors are elected and qualified
| The board Of directors so elected shal
| elect from their own number the officers Of
| this corporation, who shall be a president
vice-presldent and secretary-treasurer; tn,
election Of directors shall be by ballot, ant
the person receiving the largest number o.
votes shall be declared elected. For electinl
directors or for any other purpose, eacf
sha Sf Thsnse or BY
jority of the votes cast shall be required t.
pass any resolution, or decide any question
submitted to the stockholders, except for th'
alteration or amendment Of this charter, Of
] the dissolution Of the corporation as herein
after provided.
The said board Of directors shall hav,
power and authority to make all necessar,
| rules and regulations for the management
operation and control of the business of tn,
corporation as well as to make all necessar!
have the authority to Ali any vacancy oc
curing In their number. majority Of tn
directors voting at any one time, In persol
resolution or adopt any bylaw, and which
when 80 adopted, shall become valid corpo
rate acts.