The herald. [volume] (New Orleans, La.) 1905-1953, 1914-08-20
CHARTER
MAIDuORN COMPANY


STATE OF LOUISIANA, PARISH OF OR
LEANS. CITY OF NEW ORLEANS.
BE it known, That on this twenty ninth
day Of July, in the year nineteen hundred
and fourteen, before me, Charles Rosen,
Notary Public in and for the above Parish
and State, personally appeared the subscrIb-
ers hereto, who declared that, ayailing them
selves Of the laws of this State in such cases
provided, they hereby form themselves, their
associates and successors into corporation,
under the following stipulations, which they
adopt as their charter, to-wit:
ARTICLE 1.-The name and style of this
corporation shall be WALDHORN COM
PANE, and said corporation shall enjoy sue
cession for a period OF ninety nine years from
this date, and shall have all the powers con
ferred by law upon corporations, and authority
to exercise all powers necessary or convenient
to Js business, with power to buy any exist
ing businesses and TO pay therefor IN cash or
stock OF the corporation.
ARTICLE 1.-THE domicile of this corpora
ton shall be in the City of New Orleans,
State of Louisiana, and all citation and other
legal process shall be served upon the Presi-
dent, and in his absence or disability, upon
the Secretary
ARTICLE III.-The objects and purposes
| of this corporation and the nature OF the bust
ness to be carried on by 1t are hereby declared
to be: To carry on the business of manufac-
turing, repairing, buying and selling gold,
silver, bronze and other metal wares, precious
stones, jewelry of every kind, ceramics, glass
ware, chlnaware, paintings, curlos, antiques
0f all kinds. and furniture, and generally all
| objects of woodwork, rugs, tapestries, drap-
| cries, upholstcring materials and all other
articles of merchandise connected with in
cidental to said business; and doing all in
| terror wood and decorating and upholstering
work, and all other work connected with said
| business; the carrying on of the business OF
! pawnbroker, and generally to do everything
incidental to or connected with said business.
ARTICLE IV.-The capital stock of this
| corporation is hereby fixed at the sum Of one
| hundred thousand (Sl00OOO dollars, divided
| into Cav,I Sh pf par n ~
| one hundred dollars per share. The corpora
| ton shall have the right 10 commence busi-
| ness and be going concern when three thou
| sand dollars Of the capital stock shall have
| been subscribed. All stock shall be paid for
| in cash, or property received, or labor done,
| at such times and upon such terms and condi-
| tions as the Board of Directors shall prescribe
| All transfers OF stock shall be made on the
| books of the company the surrender of the
| outstanding certificate and pursuant to sucl
\ rules as the Board of Directors may prescribe
| No stakeholder shall have the right TO sell or
| otherwise dispose OF his stock without first
| offering II in writing for ten days, through
| the Board of Directors, to the other stockhold-
| ers, who shall have the right to buy the same
| in proportion to their respective holdings
within said period for cash at price not in
| excess of the book value as of date of such
| offer; and if any stakeholder refuses to pur-
| chase, the others shall have the right TO buy
| the same in proportion to their respective
| holdings; and all stock shall be issued and
| held subject TO this provision, and any per
| son acquiring same shall acquire and hold il
| subject to the terms of this article.
| ARTICLE VAN the powers of this cor.
| poration shall be vested in and the business
| and affairs shall be managed by Board OF
| three Directors, elected at the annual meet
| ing held on the first Monday of July of each
| year. except the first board named herein
| who shall hold office until the first Monday
| OF July, 1915. All elections shall be by bal
| lot under the supervision OF said board. No
| tice of such meeting shall be given by tht
SeCretary-I Treasurer in writing, delivered OF
mailed to each stakeholder, or by one publica
ton in a newspaper OF this city, at least ter
davs prior to such meeting; but this notice
may be waived by all the stockholders.
| At all meetings of stockholders, every
| stockholder shall be entitled to one vote TO
each share Of stock standing in his name or
the books OF the company at the date Of sucl
| meeting, said votes TO be cast in person or by
written proxy; and majority of the vote!
cast shall be sufficient to elect or carry an,
| motion or resolution OF adopt any action, ex
cept where otherwise provided by law or b,
this Charter. The failure to elect at an,
meeting shall not dissolve or affect the cor
poration, but the directors and officers shall
remain IN office until their successors ar,
elected and qualified. After their own cleo
ton. the Board Of Directors SHALL as soon a.
possible, elect a President, a Vice Presiden
and Secretary Treasurer from their owl
number. and such other officers, agents ant
employees as it may deem proper, who neet
not be directors or stockholders, and sait
board may grant such powers and prescribt
such duties TO each officer, agent and EN-
ployee as said board may deem proper. Al
vacancies in the board shall be filled by III,
remaining directors. Any member Of tn,
board may, by written proxy, appoint an
stakeholder his representative to attend an,
meeting and act in his stead. The board shall
have the power TO make, amend and repea
all bylaws and regulations of the corporation
The first board of directors and officer
shall consist of Maurice NJ. Levi, President
Mrs. Albertine L. Waldhorn, Vice President
and Samuel L. Waldhorn, Secretary Treas
| urer.
| ARTICLE VI-Whenever this corporation
shall be dissolved, either by limitation o.
otherwise, its affairs shall be liquidated b.