The herald., 1914-10-15

OF THE x. RDjGLLDI y SONS. l\t.
Tinted states ot America, State oi Louisiana,
CITY @; New Orleans. Parish oI Orleans
Ec o; known. that uu th,, tenth day ot ,le
month OF September. IN the year one irsu-4ud
uIT- aratrrt and fourteen, bcisrc r.". kuH,r;
Leslc- a notary punI., duly sOur..~- .urli
and qualified Iu and for the parish ut 3D..
leans state OF Louis ana. aforesaid. firr.Ir
residing. and iu the presence OF the u#fu,-,--
hereinafter named and undersigned. person.
ally came and appeared. the persons whose
aa1t~ Ht- hrrcuutC subscribed. Who declared
mat aNAE.HuE themselves o. the provisions
yi the avs OF the state Of Louisiana. and par
tlCu.trly Act No. 1t, OF the General Assem-
bly, OF tlc state Of Louisiana for the wear 1914
they have ,pycudUted and agreed, and d.. los
these presents, ,sNCuaLt. agree, bind. form
and constitute themselves, 81, well a- such
other persons a, may hereafter JoIu or be-
come associated with them Iuio CORPORA
ton and body polite in law, for the objects
and purpose, and under the agreements and
supulauo.N. following to-wIt:
hrtI-lc The name and style Of this cor
p0-atIOu shall be the X. Rougclot y Sons.
Inc, and under that name II shall have and
ENJOY all the rights. privileges and advau-
tagcs granted by law 10 corporations, It shall
exist Tor a period OF uInety-niue years from
the date hereof; It shall have power and lu-
inorIiy to contract, sue and be sued IN its
corporate name: to make and use =, CORPORATE
seal and the same TO break or alter at pleas
ure; TO have and employ such managers, dI-
rcctOrs, officers, agents and other employees
as the interest and convenience OF said cor
IOrdiiOn may require or demand, to hold lt-
CcIye. purchase, convey, mortgage, hypothe-
cate or pledge property, real, personal OF
mixed, to issue bonds, nsteS and other obli-
cations; and to make and establish such by
laws, rules and regulations for the corporate
management and control OF its business aud
affairs may be deemed necessary OF expe-
dent.
Article 1.-THE domicile of said corpora
ton shall be IN the city si New Orleans,
state OF Louisiana, and all citations and other
legal process shall he served on the pTesi-
dent, and IN HIS absence on the vice-prcsidcnt
OF said corporation. In the event Of the abb
Scncc Of both OF said officers then said pro-
cess shall be served the secretary.
Article lll.-Ihe objects and purposes for
which tins corporation Is organized and the
nature OF the business TO be carried on by IT
are hereby declared to be: the buying and
selling at wholesale and retail, for its own
| account or for the account of others. all kinds
OF merchandise, and generally, to do and en-
gage IN any other business, undertaking oI
enterprise connected with, growing out Of
gcrmdnc or incidental to such a general mcr
ChandiSc business.
Article IV-The capital stock of this cor
poratIon Is hereby fixed at the sum OF sixty
hve thousand (SO5,0O0UOl dollars (Which can
| tal stock may be increased from time tC
time to a sum not exceeding two hundred
and fifty thousand (S250.0OOOO) dollarsl, d
vlded into six hundred and fifty $3.50 share:
of the par value OF one hundred (SlDO OOD dol
| lars, each. which shall be paid for IN cash
| or in inStallments the call Of the board OF
directors, or may be issued at not less thar
| par for services rendered to or property actu
ally purchased by the corporation.
All shares of stock shall be full paid anC
| non -asSessable, and all certificates of STOCK
shall be signed by the president and secre
tary OF this corporation. No transfer of stocI
shall be binding upon this corporation unless
made upon its books, and stakeholder shall
| sell or dispose of his stock without FIRST Of
| terIng same to the corporation who shall have
| the right to buy same within 10 days from
said office at current or market value.
Article N.-All the corporate powers Of to.
corporation shall be vested in and the man
aRement and control of its business and az
fairs shall be exercised by board of drec
| tors composed of three stockholders, a ma
| Jority OF whom shall constitute quorum foi
| the transaction OF all business. The directors
| shall be elected annually on the first Thurs
| day OF September Of each year by ballot o
| the stockholders. Each stakeholder shall bc
| entitled, in person or by written proxy, tC
one vote for every share Of stock owned by
him. All elections shall be held under such
rules and regulations as may be determined
| by the board of directors and after at least
fifteen days notice shall have been given e
each stakeholder by depositing a notice OF
| such meeting in the postoffce, properly ad
dressed to each stakeholder. The director,
thus elected shall continue in office for one
year or until their successors shall have beer
| duly elected and qualified. No failure to elec
shall be regarded as forfeiture of this char
ter. Any vacancy occurring on said board o
directors shall be filled by the remaining
directors for the unexpired term. Said boarC
| OF directors shall at its first meeting eleC
from among IT'S number a president, a vice
president, a secretary and a treasurer II may
| combine the last two mentioned Offices int
/ one and may even elect secretary VIII
| need be neither a stockholder director
| Said board of directors shall have the righ
! and power to appoint and dismiss such clerks
| managers and other employees of the corpora
| ton. including the secretary who Is not
| stockholder or director as conditions may JUS
| tify or the business OF the corporation ma,
l require. The tenure of office OF all the EN-