The herald., 1914-03-12

Article H. 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 upon
the President. or, in his absence or inability
to act, upon any other officer Of the cor
poration.
which this corporation is formed are hereby
declared to be to conduct a 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
a commission basis; and to buy and sell
merchandise of every kind and description,
at wholesale or retail or on commission
basis; to acquire, by purchase, lease or other
wise, real estate, and to hold, improve, lease,
same; and, generally, to perform all acts
incidental to or 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
(2OO) 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 as 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.
ferrcd 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
cessively TO the Vice President and to the
Secretary treasurer, the above officers being
severaly constituted the agents of the other
stockholders TO purchase said stock so Of
fered for their use and benefit.
The said agents shall have ten. days time
in which TO accept or refuse said offer from
and after the date of its receipt, If the
offer shall be accepted, the stakeholder, upon
being paid the price, shall at once transfer
the stock to which every one of said agents
has has accepted the offer. If the offer is re.
jected, the stockholders shall not sell the
stock to anyone for less price than that
named in his offer, without again offering
the same to said agents at the reduced price
in the same manner as in the first instance
In case any of said stock offered shall be
purchased by any one of said agents, 1t shall
at the discretion OF the board OF DIRECTORS
be sold to whoever the Board of Directors
wishes and designates, or it shall be pro-
rated among the other shareholders in pro-
portion to the number of shares owned by
each, if they decide to take and pay for
the same at cost price, otherwise, the agent
making the purchase may retain the stock
for his own account.
Article V. All the powers of this cor
poration shall be vested in and be exercised
BY board of three directors, TO be elected
each year by the stockholders at the annual
meeting; the said directors shall be bona I'D,
stockholders, and the first board shall con
sist of John A. Majors, George Henser ant
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 Decem
Der, 1914, and annually thereafter, except
when such day shall fall on a legal holiday
then upon the next following layday, the
stockholders shall elect a Board Of Diree
tors for the ensuing year, the board already
| installed TO continue to hold over until thei
successors are elected and qualified.