The herald., 1914-03-26
CHARTER
OF TIE LEON GAIN COMPANY.


OF THE LEON Calm COMPANY.
United States OF America. State of Louisiana
City OF New Orleans Parish Of Orleans
BE 1t known. That on this 10Th day OF the
month OF March, in the year of our Lord one
thousand nine hundred and fourteen and OF
the Independence OF the United States OF
America, the one hundred and thirty-sevcn,
before me, Arthur \. Moreno, a notary pub
lie, in and for the Parish Of Orleans State
Of Louisiana, duly commissioned and quail
ned and IN the presence OF the witnesses
hereinafter named and undersigned, person
ally came and appeared the following persons
whose names are hereuntO subscribed. to-
gether with the amounts OF their respective
subscriptions to the capital stock of the cor
poratIon to he formed, who severally declared
that, availIng themselves OF the provisions
OF the general laws Of the State OF Louisiana
relative to the organization of corporations,
they have Covcuanted and agreed, and do by
these presents covenant and agree and bind
and Obigate themselves, as well as such
other persons as may hereafter become aSso-
Ciated with them, or their successors, 10 form
and constitute themselves INTO a corporation
and body polite in law, and for the objects
and purposes and under agreements and stip-
ulatIons following to-wIt:
Article l. The name and title Of this
poration shall be the Leon Calm Company,
and by that name said corporation shall have
power and authority t. have and ENJOY sue
cesSion for the full term of ninety-nIne years
from the date hereof; 10 contract, sue and be
sued; to make and use a corporate seal; TO
purchase and receive lease hold. sell and
convey, as well as mortgage and hypothecate,
property, real, personal and mixed; to name
and appoint such officers and agents as the
interest OF SAID corporation may require; and
to make and establish such bylaws and regu-
lations for the proper management and regu-
latIOn OF its affairs as may be deemed nee
esSary, and the same to change and alter at
pleasure.
Article H. The domicile of said corpora
ton shall he in the City OF New Orleans,
State of Louisiana, and all citations and other
1 l., -
dent OF said corporation, and, in case of his
absence, upon the vice president, and, IN
case OF the absence of both Of these officers,
upon the secretary thereof.
Article Ill. The objects and purposes for
which this corporation is established, and the
nature of the business to be carried on by
1t are declared to be to carry on general
merchandise business, that II to buy and sell
sugar, rice, vegetables and other farm prod
uCtS, well all other kinds of merchan-
disc, and to receive for sale and 10 sell on
commission sugar, rice, vegetables and other
farm products, and all kinds OF merchandise
whatsoever consigned for sale; to make ad-
vances on such consignments, and to charge
for such sales and advances, and generally
to do all acts and to enter into all con-
tracts that may be necessary, convenient or
appropriate in the accomplishment OF the
aforesaid purposes.
Article ". The capital stock of this cor
poration shall be one hundred thousand $780,
0OOOO dollars, divided into thousand shares
of the par value of one hundred dollars
$4,000 each, payable when issued, in cash,
or other property, or for services rendered, or
actually performed decided by the board
of directors, and this corporation is to be
going concern when 5000 of said stock has
been subscribed and paid for. Each share
of stock shall be entitled to one vote at all
Article V. No stakeholder shall ever be
liable responsible for the Indebtedness,
faults, or defaults of this corporation, nor
shall any mere infOrmality in the organza-
of he eff of
rendering the charter null or of exposing the
stockholders to any liability beyond the un-
paid balance, If any, on his stock subscrip-
ton.
Should any stakeholder desire to sell his
stock he shall first offer the same to the
stockholders of the company through its
board of directors, and the stockholders who
desire TO purchase shall have the right to
purchase the same, in proportion to their
holdings of stock in the company. Should
said stockholders in seventytwo hours after
purchase the stock offered for sale such stock
may be sold TO any one.
No transfer of stock shall be made or held
to be valid and binding unless made on the
pursuance OF the provisions of this charter.
Article VI This corporation shall have all !
powers granted to such corporations by law, |
and shall have the power to contract, to bor- |
row money and evidence the same by notes |
and TO secure the notes by mortgage or
pledge of any property owned by it, sue and !
be sued in its corporate name, and to own, |
hold, receive, loan, lease, purchase, sell and |
convey or mortgage any and all acts or things |
OF any other kind, nature or description, as |
may be necessary to carry out the objects |
and purposes of said business as its interests J
and cOnvenlences may require.
Article VII. The business of said corpora |
ton shall be directed by and vested in a
board of directors composed OF three stock. |
holders, a majority of whom shall constitute |
a quorum for the transaction of all business /
and said a. hrs cd
shall be Leon Calm. NJ. Coguenhem and Leon |
Pfeifer, and they shall hold office until the |
asst Wednesday OF March, 1915 and on that |
day and from each any every day thereafter |
elections shall be held annually for directors |
at the principal office of the corporation |
allure TO hold an election on the day speci- |
he'd shall not dissolve the corporation, but |
the directors in office shall hold their re- |
'pective office until an election shall be held |
after ten days notice of the time and place |
thereof given to each stakeholder. The an |
1ual election shall be held on the last We'd |
nesday of March, 1914, and thereafter on the |
ast Wednesday OF March OF each succeeding |
year. and the directors shall be chosen by |
ballot, and the election shall be held between |
The hours of 10 a. m. and p. m. All yacan-
;ies on the board of directors for whatever |
cause shall be called by the remaining di- |
-ectors. Leon Calm shall be the first presi- |
lent, NJ. Coguenhem shall be the first vice |
president, Leon Pfeifer shall be the first secre-
and they shall hold office until |
asst wednesday in March, 1915, and each sue /
seeding board of directors thereafter shall |
elect its principal officers for the term of |
heir election, and only stockholders shall be |
ehglble for election a member of the |
board OF directors
Article VIII. Whenever this corporation is
dissolved. either by limitation, or for any |
,ther cause. its affairs shall be liquidated by |
ne board OF directors, who are hereby vested /
win full power to sell any and all assets
u the corporation, either separately. or in
m Sill