The herald., 1914-08-27

and their successors, to form. ordain and
establish a corporation and body polite in
law, for the objects and purposes and under
the articles and Stpulations following, to-
wit:
Article 1.-The name and style of said cor
poration shall be white Brothers Company"
and under said corporate name it shall have
power and authority to have and enjoy sue
ceSsion for the term and period Of ninety
nine years from and after the date hereof;
to contract, sue and be sued; to make and
use corporate seal and the same to break
or alter at pleasure; to hold, receive, lease,
purchase and convey. well mortgage,
hyPothecate and pledge property, real, per
Sonal and mixed COrporeal and Incorporeal;
TO make and issue notes and other obi ga
tons or negotiable instruments; to name and
appoint such managers, agents, directors and
officers as Its interests and convenience NAV
require; and to make and establish, as well
as alter and amend, from time to time. such
bylaws, rules and regulations as may be nee
essary and proper for the government of its
affairs
Article 1.-THE domicile of said corpora.
ton rs hereby fixed in the city of New Or
leans, state of Louisiana, and all citation or
other legal process shall be served upon the
president OF the corporation or in the event
of his absence, upon the secretary thereof
Article III.-The objects and purposes for
which this corporation is established and the
nature OF the business TO be carried on by II
are hereby declared and specified to be: TO
carry on business as jewellers, gold and sill
yer smiths, dealers in china, cut-glaSs curl
osltles, articles of vertu, coins, medals bull
lion and precious stones, and manufactur-
eTs OF and dealers IN gold and silver plate
plated artic les, watches, clocks, chronometers
and optical and scientific instruments and
appliances Of every description; and gener-
ally to do and perform all such things as
may relate or appertain to the subjects and
purposes above expressed.
Article IV.-The capital stock of said cor
poratlon is hereby fixed at the sum of two
hundred and fifty thousand dollars, $780,
VInA .vat,
twenty-five hundred (2,50O) shares of the par
value of one hundred dollars $4,000 each /:
which stock shall be paid for in cash, or for
labor done, or services actually rendered the
the corporation. All transfers of stock of
this corporation shall be entered on the stock
book and no transfer of stock shall be in
any manner binding on the corporation until
so registered in its stock book.
This corporation shall become a going con-
Germ and commence business when fifty thou
sand dollars (S50,0O0OO) of its capital stock
shall have been subscribed.
No stock shall be sold or transferred until
1t is FIRST offered in writing to the corpora
ton at the then book value, which book value
shall be ascertained by the Board of Direc
tors at a special meeting called for that pur-
pose, and held within thirty DAYS from the
date OF such notice, the said corporation TO
have thirty days option stocks so offered
from date of said notice; and any stakeholder
or stockholders shall have the absolute right
book value, as ascertained by the Board of
Directors. upon the corporation declining
same, before said stock can be sold to any
one not a stakeholder of said corporation; and
no sale Of the stock of said corporation shall
be effective unless said stock shall have been
first offered for sale to the said corporation
or its stockholders, as above set forth, and by
them declined.
As additional shares of the capital stock o.
said corporation shall be subscribed for, the
same shall be offered to the holders of stock
at the time of such subscription, in proportion
to the number Of shares held by them respect
lively.
Article V.-All the corporate powers of said
corporation shall be vested in and exercised
by board of directors composed of five (5
stockholders, to be elected annually on the
third Tuesday in July of each year, the first
election to be held in 1915. All such cleo
tons shall be by ballot, conducted at the
office of said corporation. under the supervi-
sion of one or more commissioners, to be ap-
pointed by the board of directors. Notice Of
such election shall be given by the secretary
OF the corporation to each stakeholder sent
by mail to him at the address shown on the
books of the corporation, which notice shall
be mailed to him not more than ten days or
less than FIVE days prior to such election.
Every stakeholder shall be entitled to one
vote for each share of stock standing in his