The herald. [volume] (New Orleans, La.) 1905-1953, 1914-09-03

and their successors, to form, ordain and
establish 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
! poraton shall be white Brothers Company,
| and under said corporate name it 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, sue and be sued; to make and
use a corporate seal and the same to break
or alter at pleasure; to hold. receive, lease,
purchase and convey, we'll mortgage,
hypothecate and pledge property, real, per-
sonal and mixed, corporeal and incorporeai
| 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 domcile of said CORPORA.
tion is hereby fixed in the city of New Or.
| leans, state of Louisiana, and all citation OF
| other legal process shall be served upon the
| president of the corporation or 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 II
are hereby declared and specified to be: tC
| 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, thermometers
| and optical and scientific instruments anC
appliances of every description; and gener
ally to. do and perform all such things a:
| may relate or appertain to the subjects anC
| 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, $3.50,
| nj md ted l.x
| twenty-five hundred (2,500 shares of the pal
value of one hundred dollars $4,000 each
! which stock shall be paid for in cash, fo
| labor done, services actually rendered tn,
corporation, or property actually received III,
| the corporation. All transfers of stock o.
this corporation shall be entered on the stool
| book, and no transfer of stock shall be il
| any manner binding on the corporation unit
| so registered in its stock book.
| This corporation shall become going con
| Germ and commence business when fifty thou
sand dollars (SSO,OO0.OO) of its capital stool
| shall have been subscribed
| No stock shall be sold or transferred unit
| IT is FIRST offered in writing to the corpora
| ton at the then book value, which book valu,
shall be ascertained by the Board of Direc
tors at a special meeting called for that pur
| pose, and held within thirty days from tn
/ date of such notice, the said corporation &
have thirty days option on stocks so offeret
J from date of said notice; and any stockholde
or stockholders shall have the absolute RICH
| and privilege to purchase said stock at it
| book value, as ascertaned by the Board o
| Directors, upon the corporation declining
| same, before said stock can be sold to an,
| one not a stakeholder Of said corporation; an,
no sale Of the stock of said corporation shall
| be effective unless said stock shall have BEEF
| first offered for sale to the said corporation
or its stockholders, as above set forth, and b,
| them declined.
As additional shares OF the capital stock O
| said corporation shall be subscribed for, tn
same shall be offered to the holders of stoc
at the time of such subscription, in proportion
to the number of shares held by them respect
| lively.
Article VAN the corporate powers of sal
corporation shall be vested in and exercise
by board of directors composed of FIVE Is
stockholders, to be elected annually on TIL
| third Tuesday in July of each year, the frs
election TO be held in 1915. All such cleo
tons shall be by ballot, conducted at tn
Office of said corporation, under the supervi
| sion of one more commissioners, to be ap
| pointed by the board of directors. Notice o
such election shall be given by the secretar
| Of the corporation to each stakeholder sen
| by mail to him at the address shown on tn
| books OF the corporation, which notice shall
| be mailed to him not more than ten days o
| less than FIVE days prior to such election.
| Every stakeholder shall be entitled to on
vote for each share of stock standing in hi