The herald. [volume] (New Orleans, La.) 1905-1953, 1912-10-10
CHARTER
or LEON IRWIN & COMPANY. moor
PORATEp.
I S-N ,.t,Y.

! OF LEON IRWIN X COMPANY, lNCOR-
PORATF,p
| UNITED STATES or AMERICA. STATE
! OF LOUISIANA. PARISH or ORLEANS
lie II known. that on this twenty eighth
/ day If the month Of September in The year
/ Of our Lord one thousand nine hundred and
/ twelve and II the Independence Of the United
States Of America. the one hundred and
| thirty sixth. before me. Frank Edward Rain
old. Il notary public, duly commissioned and
/ qualified, in and for orleans parish therein
residing. and in the presence of the wit
/ nrS>eS hereinafter named and undersigned
personally came and appeared the several
| persons whose names are hprpunto sub
Scribed. who Sevcrally declared that awaiting
/ themselves of the provisions Of the laws Of
/ the state Of Louisiana. governing corpora
! lions in general. they have contracted and
| agreed and 10y these presents contract and
/ agree and bind themselves. a. we'll Is such
| other persons as may hereafter become a~Su-
! ciated with them, to form and constitute u
| corporation for the objects and purposes
! and under the articles and StipulationS 70.
! lowing, tO-Wit:
ARTICLE |.
| The name of said corporation shall br
| Leon Irwin X Company. incorporated. and
under said name shall hav" power and au-
/ thority 10 have and enjoy succession for a
period of ninety nine t99b years from date
| hereof, To contract. sue and be sued. to make
! and Use corporate seal and same to break
| and alter at pleasure, To hold. receive. pur-
| chase and convey, rs well as mortgage and
| hypothecatc property real and personal. 10
] =.
directors and officers rs its business intereS,
| 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 II.
| 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 n business Of acting
! as agents or general agents and brokers in
efecting fire life. or marine insurance and
| all other kinds of insurance for any per
! sons, firm or corporation, to act as agent of
any and all insurance, casualty. or surety
! companies in the transaction of insurance
business in all its branches and generally 10
do and perform all things connected with
the insurance agency business.
ARTICLE ".
| The capital stock of said corporation IS
hereby fixed at twenty-five thousand dol
lars (S25.OO 00O), divided into and repre-
| sented by two hundred and fifty shares of
| one hundred dollars (S10O.O0) each, which
| shall be paid for in 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
pOration. This corporation shall be going
concern as soon as ten thousand dollars
$l0,0O0.O0l of its capital stock shall have
ARTICLE V.
All the corporate powers of said cor
pOration shall be vested in and exercised by
the board of directors, 10 he composed of
not less than three or more than five persons
| 10 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 direc-
tors on the date above specified shall not
| 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 b.
| held after giving ten days notice as above
provided majority of the directors shall
constitute a 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 secretary
treasurer
| ARTICLE VI.
| The following named persons shall con-
stitute the first board of directors, namely
Leon Irwin Gustave H. Crais and David r.
North, with Leon Irwin president, ID. Il.
| North, vice-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
duly elected.
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
| stock held by him, nor shall any infOrmality
in organization have the effect of rendering
this charter nuli 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 stockhplder may dis
pose of his stock without first Offering same
10 other stockholders through the board of
directors, 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 a written certificate signed by
the president and secretary treasurer.
ARTICLE IN.
This charter may be altered or the cor.
pOration dissolved with the assent of three
fourths in amount of the outstanding cap
after ten days previous notice shall have
been given of such meeting by registered
mail TO each stakeholder. All amendments
| as 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 Y.
| Whenever this corporation shall be dis
solved by expiration otherwise, its af-
fairs shall be liquidated by two commission
ers selected from among the stockholders at
the general meeting declaring the dissolu-
tion of said corporation or at a general
meeting held for that purpose after notice
mailed to each stakeholder by registered
mail, ten days previous to said meeting.
Said commissioners shall be vested with full
and complete power to liquidate the bust
ness Of said corporation.
| The subscribers TO this charter have
placed opposite TO their names the number
! of shares subscribed by each, so that the
| same forms the list of original subscriptions.
Thus done and passed at my Office in New
Orleans aforesaid the day, month and
year first above written, in the presence OF
Joseph c. Helmer and Rosa Klar competent
witnesses, who have signed their names as
such with said appearers and me, notary,
after reading thereof.
Original signed A. c. Irwin and others
| Witnesses Jos e. Helmer. Rosa Klar
FRANK T.. RAINOLD,
| (SeaD Notary Public.
l. the undersigned recorder Of mortgages
| In and for the parish Of Orleans state OF
Louisiana, do hereby certify that the above
| and foregoing act Of Incorporation OF the
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