The herald. [volume] (New Orleans, La.) 1905-1953, 1914-02-05

Article III. The domicile of this corpora
ton shall be in the City of New Orleans,
State of Louisiana, and all citations and
other legal processes shall be served b upon
to act, upon any other officer OF the cor
Article III. The objects and purposes for
which this corporation is formed are hereby
declared to be TO conduct general book
and stationery business; to buy and sell
books, journals and periodicals Of every kind
and description at wholesale and retail, or
on a commission basis; to buy and sell sur
gical instruments, at wholesale or retail, or
commission basis. and to buy and sell
merchandise of every kind and description,
at wholesale or retail on commission
basis; to acquire, by purchase, lease or other
WISE real estate, and TO hold, improve, lease,
mortgage, sell or otherwise dispose OF the
same; and, generally, to perform all acts
| incidental to germane to the purposes
above specified.
Article " The capital stock of this cor.
poration is hereby fixed at twenty thousand
| $4,000 dollars, divided into two hundred
| 900 shares of the par value OF one hundred
| $4,000 dollars each; said stock shall be
issued only for cash, or in payment OF prop
erty or services actually received by or rem
| dered TO the corporation; this corporation shall
commence business and become going con-
| Germ soon as three thousand dollars OF
| its capital stock shall have been subscribed
and paid for; the residue of said stock to
| be issued and payment made therefor sub.
| ject to the action and call of the Board OF
Directors. Said stock shall be fully paid
| at the time of its issuance, and thereafter
worcestershire, and the capital stock may be
| increased or decreased in the manner pro-
vided by the laws of this State.
The parties to this Act declared that they
hereby subscribe for the number of shares
| of the capital stock set opposite their re-
spective signatures hereto, so that this Act
of Incorporation shall serve as an original
| subscription.
| All stock of the corporation may be trans
J ferred by the owner or his duly authorized
| attorney in fact on the books of the corpora
| ton, but no stakeholder shall have the right
| TO sell or dispose of his stock without first
| offering the same, in writing, at a cash price
| to be named by him, FIRST, to the President
| of the corporation and, IN his absence, sue
| cessvely to the Vice President and TO tho
| Secretary treasurer, the above officers being
| severaly constituted the agents OF the othei
| stockholders to purchase said stock so Of
| fered for their use and beneht.
| The said agents shall have ten days time
| in which to accept or refuse said offer from
| and after the date of its receipt IL th'
offer shall be accepted, the stakeholder, upor
being paid the price, shall at once transfer
the stock, to which every one OF said agents
| has accepted the offer If the offer is re
| jected, the stockholders shall not sell thu
| stock to anyone for less price than tina
| named in his offer, without again offering
| the same to said agents at the reduced price
| in the same manner as in the hrst instance
| In case any Of said stock so offered shall %
purchased by any one OF said agents, It shall
| be sold to whoever the Board of Director
wishes and designates, IT it shall be pro
rated among the other shareholders in pro
| portion to the number of shares owned b!
each, if they decide to take and pay TO
the same at cost price, otherwise, the agen
| making the purchase may retain the stool
| for his own account.
Article V. All the powers of this cor
poration shall be vested in and be exercised
by a board of three directors, TO be elected
each year by the stockholders at the annua
meeting; the said directors shall be bona nd
stockholders, and the first board shall con
sist of John A. Majors, George Henser an
Norman r. Shubert, with the following off
GERS John A. Majors, who shall be president
George Henser who shall be vice president
Norman R. Shubert, who shall be secretary
treasurer. On. the last Monday in Deeem
Der, 1914 and annually thereafter, exceI
when such day shall fall on legal holida,
then upon the next following layday, tn
stockholders shall elect Board OF Diret
tors for the ensuing year, the board alread
| installed to continue to hold over until the
successors are elected and qualified.