The herald. [volume] (New Orleans, La.) 1905-1953, 1913-03-27
ARTICLE ~


The capital stock of this corporation is
hereby declared to be the sum Of twenty
five thousand dollars (S25 cocoon. divided
into two hundred and fifty shares of one
hundred dollars each; said stock may he
paid for in cash or in property. mcrchan-
disc labor or services made or rendered to
the corporation; cash stock subscriptions
are TO be paid for in such amounts and at
such times as the board of directors may
prescribe. In the event any stakeholder
shall desire to dispose of his stock, same
must first be offered in writing TO the board
of directors who shall have five days in
which TO purchase same In the event of
the failure of the board of directors to pur-
chase said stock, it shall he offered to pres
ent stockholders who shall have five DAYS in
which to purchase same.
The capital stock may b. increased or
decreased by a vote of the stockholders in
accordance with the laws governing incrpgs-
ing and decreasing of the capital stock of
corporations. This corporation shall begin
its business and become a going concern as
soon as three thousand dollars Of its capital
stock shall have been subscribed for.
ARTICLE V.
All the corporate powers Of this corpOr-
alton and the management and control of
It's affairs shall be vested in and exercised by
a board OF directors, compOSed-Of three stock
holders, majority of whom shall cOnsti-
tute a quorum for the transaction Of all
business; these directors shall be elected
annually by the stockholders at a meeting
TO be held at the domicile of the corpora.
ton, on the first Tuesday of January OF
each year; each stakeholder shall be enti-
tied, In person or by written proxy, TO a
vote Tor each share OF stock owned by him
| and all elections shall be held under such
rules and regulations may be determined
by the board of directors the directors thus
elected shall continue in office for one wear
or until their successors shall have been
elected and have qualified; no failure to
elect shall be regarded as a forfeiture OF
this charter; any vacancy occurring In the
board shall be filled by the rema lining direc-
| tors for the unexpired term: the board OF
| directors shall at their first meeting after
| their election, elect from among its num-
Der president, vice-presdent and a sec
| rotary treasurer: the said board of directors
shall have power TO make and from time TO
| time amend bylaws. rules and regulations
| Tor the conduct of the affairs Of the cOrpOr-
| alton, and to employ and dismiss managers
and other employees Of the corporation as
| the interest and business of same NAV re-
quire. The board shall also have full power
and authority to borrow money. issue notes
| and obligations, and generally to do all
/ things necessary for the proper carrying on
OF the business OF the corporation. The first
board OF directors OF this corporation shall
| consist of Henry v. Capo. Frank L. Capo and
Miss Bertha NJ. CapO, with Henry V. Capo
| as president, Frank l.. Capo as vice-presi-
dent and Miss Bertha VI. Capo secretary
treasurer; said directors to remain in office
| until the election to be held In January
nineteen hundred and fourteen. or until their
successors are elected and qualified, said
officers, however, holding their offices only
AT the pleasure or the board.
| ARTICLE VI
i No stakeholder shall ever be liable or
responsible for the contracts, faults or debts
of this corporation in any further sum than
the unpaid balance due the corporation on
the shares owned by him, nor shall any
mere informality In organization have the
effect of rendering this charter void or OF
exposing stakeholder to any liability be-
yOnd the amount Of the unpaid balance on
his subscription to the stock.
ARTICLE VII
| This act OF Incorporation may be changed
modified or altered, this corporation may
, be dissolved with the assent Of its stock
holders owning three-fourths Of the capita
' sented by written proxy at u general meet
, Ing convened for that purpose after lega
notice In writing shall have been giveI
> through the malls to each stakeholder at nh
last known place of residence: in case o.
dissolution by the expiration OF this charte
Q or otherwise, the stockholders shall elec
one liquidator from among their number Il
I settle and wind up the affairs and business
, OF this corporation.
II ARTICLE VIII.
al In order that this charter may act as tn
= original subscription inst made for the pur
v pose of organizing this corporation, the in
q corpOrators have signed their names heret
and placed opposite to their names the nun
h Der OF shares subscribed for by each.
O. Thus done and passed in my office In thi
;. city OF New Orleans. state Of Louisiana, OF
the day, month and year herein first wrijte
in the presence OF Nathan H. Feltel an
"a NOelie VOORHEES,, competent witnesses, VIII
l. have hereuntO signed their names with -
Il said appearers and me- notary, after du
q reading OF the whole.
Signed: Henry V. CapO, fifty shares
Frank L. Capo, fifty shares Bertha VI. CapC
Is nifty shares. Witnesses Nathan II. Fete
n Noelie VOORHEES,.
;. LEWIS Il. GRAHAM, Not Pub.
T. /, the undersigned recorder Of mortgage
In and for the parish of Orleans, state q
2. louisiana, do hereby certify that the aboy
ID and foregoing act of incorporation of IN
,e NJ. Capo, incorporated, was this day dul
y recorded In my Office, In book loss folio o.
n New Orleans, March 26 1913.
b, CSigned) EMILE J. LEONARD. by. .
Iyl true copy.
lrl LEWIS II. GRAHAM. Not. Pub.
march - apr 3 10 II "A may