The herald., 1913-10-02

/ that name It shall have and enjoy corporate
existence for a period Of ninety-nine years
| from date hereof unless sooner dissolved as
hereinafter provided: II shall have power
to contract sue and be sued TO make, have
and use a corporate seal and the same 10
break at pleasure; to receive, purchase;
hold lease sell, transfer, convey, as well
as mortgage and hypothecate, in its cor
Iporate name property both real and per
sonal, movable and immovable: TO name, ap-
lpoint or employ such officers, directors, man
layers 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 U.-The domicle Of this cor
Iporation shall be and Is hereby fixed In the
lefty OF New Orleans. State of Louisiana
land all citation or other legar processes
shall be served upon the president, and in
his absence upon the yice-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.
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
merchandise Of all kinds.
corporation Is hereby fixed at five thousand
dollars (s5 900 0O), divided into and repre-
sented by two thousand five hundred shares
OF the par value OF two dollars CS2.OO)
each, payable in cash, services rendered, or
other equivalent, and at such time and In
such manner and under such terms and con-
ditions as the board OF directors may d.
rect and prescribe All certificates OF stock
shall be signed by the president and the
secretary OF the corporation and said cor
lporation shall become going concern and
nrt, 20 ", hftsf inns
as one thousand dollars Isl, 000O0) Of Its
capital stock shall have been subscribed. All
transfers of stock Of this corporation 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.
ARTICLE V.-Any stOckholder desiring TO
dispose OF his stock shall first offer Ii to the
corporation or to any one or 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 stockholder shall have ten days
from the date of said notice within which
to accept said offer and purchase said stock
holder OF this corporation shall Institute any
proceedings for the liquidation of said cor
lporation until he shall have first offered his
stock, in writing, to the corporation and the
same shall have been refused.
ARTICLE YI.-All the powers OF this cor
Iporation shall be vested in and exercised
by a board OF directors, composed OF sever
five of which shall constitute quo
rum for the transaction Of all business
said board to be elected annually by
ballot at general meeting to be held
ION the first Monday OF September OF eact
and every year, the first election under this
charter. to be held on the first Monday Of
September. A u. 1914. Immediately aftel
their election the members Of said boart
Of directors shall elect from that body
president a vice-president a secretary anC
"a. treasurer. The president Of the corpora
lall business carried on by It.. At all cleo
tions each stakeholder shall be entitled Il
! one vote for each and every share OF stool
owned by him. to be cast by himself In per
son or by written proxy. Notice of sale
elections shall be given by ten days pre-
vious notice Of the meeting Of stakeholder
Of said corporation for said purpose, by mail
ing to each stakeholder written or prlnte,
notice to his latest known place of Of resi-
dence signed by the secretary, or the sec
tretary may deliver said notices In person
At all meetings Of the stockholders, AM
jOrity Of all the stockholders present an,
voting shall carry the point at issue, AM
each share of stock shall be entitled to on
vote Until the election hereinabove pro
!, vided the following shall constitute the frs
, board Of directors and officers of this cor
poration, namely: Soloman Morgan, Nose
BAILEY, Frank Smith, Henry Jones Pete
Clarke, Ned Stokes and Rickson Bailey, wit
Solomon Morgan as president, Frank Smit
as vice-president, Moses Bailey as treasure
and Henry Jones as secretary, who Shal
hold ONCE until their successors are electe
and indicted into Office at the general meet
ing to be holden on the first Monday o
, September, A. D. 1914.
ARTICLE VII-All funds Of this corpora
ton shall be deposited In a chartered ban
, or banks Of the City of New Orleans, Stat
i OF Louisiana, to be selected by the board O
directors and checks for the payment of a
, moneys shall be drawn by the secretary an
. counterslgned by the president of the corpC
ration and all bills shall be audited by tn
president, or, nshis absence, by the vic'
. president. before payment.
a ARTICLE VIII.-This act of incorporS
tion may be changed, altered or amended, @
a said corporation dissolved by a vote of tive
: thirds, In amount of the capital stoc
, thereof, at a general meeting OF the stool
holders convened for that purpose after te
\ days previous notice shall have been give
Z of said meeting by mailing to each stool
! holder at his last known place Of residenC
! a notice thereof.
| ARTICLE IX.-Whenever this corporate
: Is dissolved, by limitation or otherwis
: three liquldators shall be elected by Il
$ stockholders at a geenral meeting Of Il
J. stockholders called for that purpose aft
= ten days previous notice, as above provide
who shall continue in Office until the affai
e of the corporation are fully liquidated ar
settled; and In the event of death or dis
Y bility of any one Of said liquidators Il