The herald., 1914-11-12

TTF N
sad CORPORATION as may be necessary and
-. srd II shall have power 70 do any o,
In Il these things m any city and state Of
The 'utfcd States and in all foreign countries.
ALL. II The dontcIie Of said corporation
.I. IN he IN the civ Of New Orleans, State OF
louisiana and all citations or other legal I
.,r,crss shall be served upon the president
i..I ,,-,..-a,inu ~ IN m, event Of his alb.
-. ~ INABILITY. upou the fist vice PrcSr.
AZ rHr-rof and IN the absence or inability
nj both + sand officers upon the secretary
~ treasurer Of said corporation.
Article IU-Ihr objects and purposes Tor
IN tr,. r,-p.-.it.r /, organized and Cs-
fa1II-hti ANA the nature ard Character OF
H. I...,,,-. "a he carried on bv u are hereby
declared TO hc: he buying and selling at re-
tail and wholesale, iDT rs own account or
80 lie. account Of Others. All kinds OF pianos
,rEar-. music boxes, mc-aanIca. piano players
AMI PLAYER pianos. monographs. talking ma,
r,,-r, and other musical Instruments and
device, Of every kind and characters: sheet
music and musical compositions OF all KINDS
% rent lease, hire, buy, sell ana tNsh"nse
-anrc. AMI generally 20 do and engage IN any
other business, undertaking or 'ul''I ISL;
connected with, growing ont Of, OF Incidental
:. such pan, and general musical ino'Iu-
men, sugIly business. said corporation may
establish agencies. Offices or branch c~iA'-
I. -a-r.-rf, ~ su.u places and ~ such times
a.. rr, board uf directors may determine.
Article IN-Ihr capital stock oI ms cor
purati0u !, hereby liked al me Na'j Oh '.l.i
Thousand Dollars lS5.nrUH', divided INTO ana
r.,.r,....rfrl D., Five Hundred t5NnI Shares of
rh. rat value II One IIuudrcd Dollars l>..ouol
each. and the corporation shall be " E2int
concern AS soon ae Forty Thousand b'lldf+
lspu00O of stock ha, been subscribed ana
paid for. The capital stock Oh INC '9l!"'d'''',
..,, br increased 10 One hundred Thousand
| Dollars ,SIoony'prI. The stock OF sand cor
r.r-rrYu shall be paid for III cash, or IN m
! Sediments on the call OF the board OF diTcG-
tor. or may ice issued at not less than par
! for services actually rendered to or properly
| actually purchased by SAID corporation. All
! .Lsr,, Of stock shall be full PAID and non
| a,,r..ahlc. and all certificates 0t stock shan
Ice signed by the president and sec
rotary Of said corporation. No U4 M
! Ter of stock shall be binding upon TINS
,grnor,tion unless made upon its books. ar1
| no stockholdcr shall sell or dispose OF !lis
| stock without first offering same IN writing
| ., the corporation. who shall have the TlEht
| 20 buy same within ten Qul days al current
| or market value.
| Article N.-Ail the corporate powers Oh III
| c,,rnn-9tior shall be vested in and the man
| agrrucut and control Of It's business and al
| fgirs shall be exercised by a board OF difeC-
| tors composed Of five 80 Stockholders
! The number Of directors may be increased
| from time TO time by vote OF the directors
| then holding office 10 not exceeding seven o.
| and NAV at any time after such increase he
! decreased to not less than five 81. A ma
jority Of the board Of directors snail cons,llu.e
| The board Of directors shall be elected an.
| ruallv ON the first Monday m January o.
| each year by ballot OF the stockholders. E''Sn
wTifrcE proxy. to one a. vote for every share
! Of stock owned by him. All elections sha'I
be held under such rules and regulations as
| NAV be determined by the board 81 directors
and after at least fifteen u0 days written
\ notice shall have been given each stockhoiaeI
I before before such meeting, by dePositing a notice
of such meeting in the postoiiIce, properly az
dressed to each stockholdcr The directors
thus elected shall continue IN ottlcS i9r one
IN wear, or until their successors shall have
| hon elected and duly qualified. No ialluIe
i to elect shall be regarded a forfeiture oi
i this charter. Any vacancy occurring on sdiu
| board OF directors shall be filled by the re,
Il naming directors for the uucNplred term. Naiu
| board OF directors shall Al ITS trSt meeting;
/ ON the first Monday in January, lylo, ana
i annually thereafter. elect from its number a
nrcsident. a first vice president second wee
| nresidcut secretary and a treasurer. Sald
| hoard Of directors shall have the TlSht anu
| mower 10 appoint and dismiss such Clerks
| managers and other employees OF the corpora
i ton as conditions may justify or the Dusl-
ness or interests Of the corporation may re
guire The tenure of all employees OF the
i Corporation shall be during the pleasure OF
The board of directors. .,
| Article Who subscriber for stock shaII
ever he held liable for the contracts, fault,
| or debts of said corporation IN any iurther
sun, than the unpaid balance, II any, due inc
corporation on the stock for which he has SUP
scribed. nor shall any stakeholder ever De
i hold liable for such contracts, faults or DEUS
IN any further sum than the unpaid balance
i II any. on the stock owned by him; nor Shai
4 any mere informality IN organization nave
4 he effect of rendering this charter null, or
rendering any subscriber or stakeholder liable
| beyond the unpaid amount, II any, remaining
due on his stock
| Article NIII-Whenever this corporation IS
dissolved either by limitation of its charter