The herald., 1913-09-18
CHARTER
OF THE MORGAN JONES COMPANY
LIMITED. UNITED.
UNITED STATES OF AMERICA. STATE
nLN LOUISIANA PARISH OF OR.

UNITED STATES or AMERICA. STATE
OF LOUISIANA. rARlSH or OR
LEANS. CITY OF NEW ORLEANS.
Re IL known, That on this 18th day Of the
month Of September, in the year of our Lord
one thousand. nine hundred and thirteen.
and of the Independence of the United States
of America the one hundred and thirty
eight, before me, Martin :. Mahuney. no
tary public. duly commissioned and quail
fed in and for this CITY and PariSh Of Or
leans, therein residing and in the presence
of the witnesses hereinafter named and IN
dersigned. personally came and appeared the
several persons whose names are hcreunto
subscribed who declared that. awaiting
themselves of the provisions Of the ionstitu-
ton and the laws of this Stat" relative 10
the formation of corporations. eSpeclnallE OF
the provisions Of Act No. 30 of lNSS and
subsequent amendments, have formed and
do hereby form themselves, as well as all
such other persons who may hereafter be
come associated with them into a corpora
ton and body polite in law, for the objects
and purposes and under the agreements.
stipulations and conditions following, to-
wit:
ARTICLE 1.-The name. style and title
of this corporation shall be the MORGAN
4 JONES COMPANY, LIMITED" and by
that name ii shall have and enjoy corporate
existence for a period of ninety nine years
from date hereof unless sooner dissolved as
hereinafter provided: 1t shall have power
to contract, sue and be sued to make. have
and use corporate seal and the same TO
break at pleasure to receive purchase.
hold. lease. sell. transfer. convey, well
as mortgage and hypOthecate. in its cor
pOrate name, property both real and per
sOnal movable and immOvable: to name. ap-
point or employ sdch officers. directors. man
ayers and agents and clerks. as the bust
ness of the said corporation may require, and
to make and enact such bylaws. rules and
regulations as may be necessary and
proper for its good government
ARTICLE 1.-THE dOmicile Of this cor
poration shall be and is hereby fixed in the
City of New Orleans. State Of Louisiana
shall be served upon the president, and in
his absence, upon the vicc-president. and. in
the absence or disability of both. then upon
the secretary of the corporation. And all
deeds and documents representing the pur-
chase, sale or mortgage of real property,
shall be signed by the president and sec
tary.
ARTICLE III.-The objects and purposes
for which this corporation is organized and
the nature OF the business to be carried on
and conducted by IL is hereby declared TO be
at wholesale or retail. in groceries, dry
goods. boot sand shoes, wines and liquors,
tobacco and cigars, and goods, wares and
ARTICLE lV.-The capital stock of this
corporation is hereby fixed at five thousand
dollars ($5,00O.00D. divided into and repre-
scented by two thousand five hundred sha res
Of the par value of two dollars $1,000
each, payable in cash. services rendered. OF
other equivalent. and at such time and In
such manner and under such terms and con.
rect and prescribe. All certificates of stock
shall be signed by the president and the
secretary Of the corporation and said cor.
poratiOn shall become a going concern and
shall be authorized to begin business as sOOn
as one thousand dollars 81 0OO.00) of its
capital stock shall have been subscribed. All
transfers of stock of this corpora ton shall
be entered and registered in its stock book
and no transfer Of stock shall be in any
manner or to any extent binding upon the
corporation until so entered and registered
"A IN
dispose OF his stock shall first offer it TO the
corporation or TO any one more of the
other stockholders thereof; and 1t shall be
the duty of the board Of directors to notify
each stakeholder In writing OF said offer,
and each stakeholder shall have ten DAYS
from the date Of said notice within which
10 accept said offer and purchase said stock
at its face or book value And no stock
holder of this corporation shall institute any
proceedings for the Liquidation of said cor
poration until he shall have first offered his
stock, In writing. to the corporation and the
same shall have been refused.
ARTICLE NI.-All the powers Of this cor
pOration shall be vested In and exercised
by a board OF directors, composed of seven
stockholders, including the officers any
1--WE OF which shall constitute a quo
rum Tor the transaction of all business
said board to he elected annually nv
ballot at general meeting to be- held
on the first Monday OF September of each
and every year: the first election under this
charter to be held on the first Monday of
September. A. d. 1914. Immediately after
their election the members OF said hoard
or directors shall elect from that body a
presidenr, vice president, a secretary and
treasurer The president OF the corpora
ton shall ex-offcio be general manager of
all business carried on by it, At all cleo.
lions each stakeholder shall be entitled to
one vote Tor each and every share of stock
owned by him. TO he cast by himself In per
son or by written proxy Notice of said
elections shall be given by ten days pre-,
vlous notice of the meeting Of Stockholders
of said corporation for said purpose Inv mail
ing to each stakeholder a written or printed
notice TO his latest known place of OF resi-
uenee, signed by the secretary or the sec
rotary may deliver said notices I'm person
AT all meetings of the stockholders and
upon all questions which NAV arise. a ma.
yority OF all the stockholders present and
each share OF stock shall be entitled 10 one
vote. Until the election hereinaboye nro
Vided the following shall constitute the arst
poara Oh directors and officers of this cor
Balley, Frank Smith. Henry Jones Peter
clarke, Ned Stokes and Rickson Bailey with
Soiomon Morgan as president. Frank Smith
as viee-president, Moses Bailey as treasure
and Henry Jones as secretary. who shall
hold office until their successors are elected
ana indicted into Office at the general meet.
S M 10 De holden on the first Monday OF
ARTICLE VIL-All funds OF this corpore.
tlon shall be deposited in chartered bank
or banks OF the City Of New Orleans State
W Dt StittIcu DIV the board Of
directors and checks for the payment Of ali
moneys shall be drawn by the secretary and
countersigned by the president of the corno.
ration and all bills shall be audited nv the
president, or. In his absence by the vice.
president, before payment
ARTICLE VlI1.-This act of iDconora
lion may he changed, altered or amended or
SAID corporation dissolved by a vote OF two.
thlrds. In amount of the capital stock
thereof, at general meeting OF the stock
3olders convened for that purpose after ten
uays previous notice shall have been given
OF said meeting by mailing TO each stock
hoIder al his last known place Of residence
a notice thereof
ARTICLE IX.-Whenever this corporat ion
rs dissolved, by limitation or otherwise
three liquidators shall be elected by the
stockholders at a geenral meeting Of tbe
stockholders called for that purpose after
ten days previous notice. as above provided
who shall continue In Office until the affairs
or the corporation are fully liquidated ana
settled; and In the event OF death or disa-
bllity or any one of said liquidators the
Others remaining shall select a successor 10
him from among the stockholders.
ARTICLE X.-No stakeholder of this
corporation shall ever be held liable or re-
sponsfble for the contracts Of faults OF the
corporation In any further sum than tbe
unpaid balance due the corporation on the
shares OF stock owned by him ; nor shall anv
mere informality In organization have The
eject of rendering this rfor