The herald. [volume] (New Orleans, La.) 1905-1953, 1914-02-26
CHARTER
OF HElMAN BROTHERS AND COMPAN
INEnR pnPATEn

y - ~ L.
INCORPORATED.
United States of America, State OF Louisiana,
Parish of Orleans.
BE II known. That on this day the ninth
Of the month OF February, in the year of our
Lord one thousand nine hundred and four
teen u9l+) and OF the Independence Of the
United States, the one hundred and thirty
ninth, before me. Lewis ROSsner Graham. a
notary public. in and for the Parish of Or
leans, State of Louisiana, duly commissioned
sworn and qualified. and in the presence OF
the witnesses hereinafter named and under
signed, personally came and appeared, the
several parties whose names are hereunto
subscribed, who severally declared that avail
ing themselves OF the provisions OF the laws
OF this State relative to the organization OF
cpTpOT atoms, they have coyenanted and agreed
and do by these presents, covenant, agree and
hlnd themselves and those who may here
after become associated with them. to form
themselves INTO a corporation for the objects
and purposes, and with the name and under
the stlpulations following to wit:
Article !. The name and style Of this cor
poration shall be Holman Brothers and Com
pany, Incorporated and by said corporate
name IT shall have and enjoy succession for
period OF nlnety-nine years from the date
hereof unless sooner dissolved, and shall have
all the rights, privileges and immuniticS
granted by law to corporations.
Article II. The domicile of this corporation
snail be IN the city of New Orleans, and all
citations and other legal process shall be
served on the officers the law directs.
Article III. The objects and purposes for
which this corporation is formed are hereby
declared 10 be: To carry the retail and
wholesale furniture and household goods and
furnishings business; and to sell such articles
for cash or on the installment plan; and gen
orally 10 carry on any other business, or buy
and sell any other kind of merchandise CON
nected with, growing out of, or germane TO
the above mentioned business.
Article ~. The capital stock of this cor
poratIon IS hereby declared to be fifty thou
sand dollars (SO,0O000) divided into and rep
cd nv tive hun raI eha 4,
hundred dollars each, which stock shall be
payable in cash, may be issued in pay
ment OF property purchased or for services
rendered to this corporation, and shall be
paid tor at such times as the Board of Di-
rectors may require.
This corporation shall begin business and
become going concern as soon as ten thou
sand dollars Of its capital stock shall have
been subscribed for.
Article V. No stakeholder may sell, assign
or transfer his stock in this corporation with
out giving to the corporation, through its
secretary, thirty days notice in writing of
such intention, and the other stockholders
shall have the first privilege of purchasing
the said stock at the book value thereof for
period OF thirty days from said notice, after
which thirty days notice the said stock may
be sold in the open market.
Article vi. All the corporate powers Of this
corporation and the management and con-
troll of its affairs shall be vested in and ex-
ercised by a Board of Directors composed Of
not less than three stockholders, all of whom
must be present to constitute a quorum for
the transaction of any and all business of
the corporation.
On the first Monday in January 1915 and
annually thereafter, general meeting of the
Stockholders shall be held for the purpose of
electing directors for the ensuing year Said
election shall be by ballot at the domicile
of the corporation, and the shareholders re-
ceiving the highest number of votes cast shall
be declared elected Each share of stock
shall be entitled to one vote, whether the
holder thereof is present or represented by a
written proxy.
Immediately after election the said direc-
tors shall select from their number a Presi-
dent, Vice President and a Secretary Treas
urer.
Article VII. Notice Of all meetings Of
stockholders for election of officers or for any
other purpose shall be given in writing by
the Secretary to be deposited in the mail at
directed to each stakeholder to his name and
address as the same shall appear upon the
books OF the corporation, unless said notice
is waived in writing by all of the stockhold-
ers appearing such on the books.
At all such meetings every stakeholder
whether present in person or by proxy, shall
be entitled to one vote for each share Of stock
corporation, and majority of the votes so
cast shall be sufficient 10 elect or decide all
questions voted on.
Article VIII. No stakeholder shall ever be
held liable or responsible for the contracts,
faults or debts of this corporation in any fur
Their than the unpaid balance due to the
corporation on the shares of stock subscribed
in organization have the effect of rendering
this charter null or of exposing a stock.
holder to any liability beyond the unpaid
balance due upon the said stock.