The herald. [volume] (New Orleans, La.) 1905-1953, 1914-09-10

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 stipulations following, to-
wit:
Article 1.-The name and style of said cor
poration shall be white Brothers Company"
and under said corporate name II 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, and be sued: 70 make and
use corporate seal and the same to break
or alter at pleasure; to hold, receive, lease,
purchase and convey, as well as mortgage,
hypOthecdte and pledge property, real per-
Sonal and mixed, CorpoTeal and incorpOreal !;
TO make and issue notes and other obliga-
tions or negotiable instruments; to name and
appoint such managers, agents, directors and
officers as its interests and convenience may
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 domicle of said corpora.
ton is 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 in the event
Of his absence, upon the secretary thereof.
Article lII.-The objects and purposes for
which this corporation is established and the
nature of the business to be carried on by If
are hereby declared and specified to be: 10
carry on business as jewellers, gold and sill
yer smiths, dealers in china, cut-glass, curl.
osities, articles of vertu, coins, medals, bull
lion and precious stones, and as manufactur-
ers of and dealers in gold and silver plate,
plated articles, 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
poratIOn is hereby fixed at the sum of two
hundred and fifty thousand dollars, $780,
0OO.OOOl, divided into and represented by
twenty-five hundred $500 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
corporation, or property actually received 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 the corporation until
so registered in its stock book.
This corporation shall become a going con-
and commence business when fifty thou
sand dollars CS5O,OOOO0C of it's capital stock
shall have been subscribed.
No stock shall be sold or transferred until
IT is first offered in writing to the corpora
ton at the then book value which book value
tors at 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 on stocks so offered
from date of said notice; and any stakeholder
stockholders shall have the absolute right
and privilege to purchase said stock at its
book value, as aScertained by the Board of
Directors, upon the corporation declining
same, before said stock can be sold to any
one not stakeholder of said corporation; and
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 OF
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 a board of directors composed Of FIVE ()
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
tions 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