The herald., 1912-05-30
CHARTER

CHARTER
OF L. SIDNEY BELL INC.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF OR
LEANS.
| 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 Mclean
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
Scyerally 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. 30 of the
session Of the General Assembly of the state
of Louisiana of lSSS, they have cOyenantcd
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 l.
The name and style of this corporation
shall be IL SIDNEY BELL, INC 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; IL
shall have power and authority under its
corporate name, TO contract, sue and be sued,
10 make and use a corporate SEAL and the
same 10 alter or break at pleasure TO make
"a fnr ifs
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 IL.
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 modii-
cations; and generally TO engage in and I'M
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 "a
hereOy nxed at the sum of ten thousand
lSlO,OOO.OO) dollars, divided into one hun
dred (1OOl shares Of the par value of one
hundred (SlO0.OOl dollars each said stock
shall be issued only for cash, or in payment
or 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.
Inc parties to this declare that they hereby
for the number OF shares of said
capital stock set opposite their respective
signatures hereto, so that this act of incor- |
pOratlon shall serve as an original subscrip- |
non. Ihls corporation shall become a go |
M concern as soon as three thousand 49, |
JoOO) dollars Of its capital stock shall |
nave been subscribed and paid for.
ARTICLE V.
All the powers of this corporation shall he |
'tesIed IN and be exercised by a board of |
-hree CD directors 10 be elected each wear
~ the stockholders, at their annual meet
ng the said directors shall be bona fde |
'ttockhoIders, and the first board shall CON
ISL OF L. Sidney Bell, William c. Soria and
lohn Soria. They shall proceed TO elect
rom their own number a president. vice
PRESIDENT, and secretary-treasurer, who shall
Ha hoa III once until their successors shall
meeting or the stockholders of this corpora-
ION snail be held on the third Monday in
me me- month OF May Of each year, except when
'uch day shall fall upon a legal holiday
men upon the next following Law dav- Il |
ald annual meeting the stockholders shall
,Iect from their own number a board OF di-
40. eetGrs , lor me ensuing year, the board al
ii Ihelr successors are elected and qualified
Inc board or directors so elected shall |
' LII from thelr own number the officers of |
II ms corporation, who shall be a president
'ice-president and OBSERVATION-DISCLOSURES: Tho
'iectlon or directors shall be by ballot and
ne person receiving the largest number OF
, E.eS snall De declared elected. For electing
ILrectors or for any other purpose each |
mare or stock, whether present or by proxy
'hall be entitled to one (1) vote and a ma
orlty OF the votes cast shall be required TO
PASS any resolution, or decide any oupstion
'uDmltted TO the stockholders except for the |
iteration or amendment of this charter or
ne ne dissolution of the corporation, as herein
The said board of directors shall have
,oMer ana authority to make all necessary
ules and regulations for the management
,pefatlon and control of the business of the
oIpordlIon as well as to make all necessary
uIes, regulations and bylaws and shall
ave the authority to fill any vacancy oc-
,uIrrlng In their number. A majority Of the
directors voting at any one time in nerSon |
n by proxy, shall be required to mass anv
esolutlon or adopt any bylaw, and which.
Snen so adopted, shall become valid corpo'
ate acts. PO
ARTICLE VI.
, Notice of all meeting of stockholders. for
lectlng directors, or for any other purpose
kept as may be hereinafter directed shall |
e given In writing, by the secretarv-treas |
rer, 10 be deposited in the mail. at least fen
avs before such meeting, directed to each
tockholder at his last known address an
caring upon the books of the Corporation.
MESS said notice is waived in writing Inv
he books. ~P'H
ARTICLE VII.
Inns act OF Incorporation may be changed.
lodlned or amended, or this Corporation
Jay De dissolved by and with the assent of
ne holders OF three-fourths (3-4) in amount
l us outstanding stock, given at a general
leetihg OF the stockholders, to be CON
en 0; after ten l10) days prior notice. to
e given In one of the daily newspapers pub,
shed In the city of New Orleans, IN addi.
ION TO the personal notice to each sfock-
IL