The herald., 1914-08-20

500. |fa.. Dr.. '.. .... m. .""n .t=sn l...f rH-
So" Orleans. I.E Ell. .t-
.~lgnra' EMILE J. LEONARD. D. K.
= t-r copy.
f~..Hr .n~lIII SINAI. NH' fuH
Aug - - 30 Sept 5 j..
CHARTER
Gr rt~-.IE~Ir~ COMPANY
j., 20 t' 'r. that "" 'H'- -+iH day Of July,
t.r.ry.a. before me. Frederick G.. Marx. Il
Notary inH.lg. duly ,rnru ~-.ng'd and quail
led. '- ..a Irr Tie rarf-H "t Orleans. Safe
- InHr. ANA. personally ,.He and aprearci
'Hg parties whose names are undersigned, who
."gt.-" t.t'. awaiting themselves OF the pro-
VISIONS o. the laws 90 this State relative to
the organization co., corporations, they have
.aNcraHi'd and greed, and q" .y these pres
cH's agree and bind Themselves, their sue
,"-~nfr and assigns, and form themselves
la'' .'i constitute % corporation Tor the fol-
lowing objects and purposes. 'o-wIf.
tins corporation shall De- Eg,tS Com
pduy, and under SAID corporate name II shall
have all the power, and authority granted
by the laws OF tins State % corporations and
not expressly withheld thercirom.
ARIltLE 1.-The objects and purposes OF
tins corporation are declared To be to carry
on a general insurance business as agent,
broker, or general agent, tor insurance com
pdu',r doing a fire, life. accident and health,
marine, liability or other forms of insurance,
authorized 10 be carried on by the State of
louisiana, This corporation shall have the
power Ia do 4 general business under the dit
icreut forms outlined above in other States
-t the United States. or in ITS foreign pos.
sessions; 1t shall have the power TO purchase
real, personal or mixed property Of all kinds,
and the same - hold at ITS convenience.
ARTICLE lll.-Ihc domIcIle Of this cor
poratlou shall be III the City ~ New Orleans,
State OF louisiana, and II shall have and en-
JOY corporate existence for a term Of fifty
years.
ARIlNLE N.-The stock OF this corporation
5 hereby fixed at the sum OF twenty-five
thousand dollars lS1SoCO0Ol, divided as fol-
lows: There shall be one hundred and fifty
$50 shares Of common stock Of the par value
Of one hundred dollars CSl0O.G1 per share.
equalllng fifteen thousand dollars (Sl5,OJOUO}:
there shall be one hundred 600 shares Of
preferred stock, Of the par value of one hun
dred dollars $500 per share, equalling the
sum OF ten thousand dollars SlO.UOO.OOD, max
ing the full capital stock Of twenty-five thou
sand dollars C25,OOO.OOD. The holders of the
preferred shares shall be entitled to receive,
IN respect OF said preferred shares, and when
declared by the Board Of Directors, yearly
interest or dividends at the rate OF s per cent
per annum, and which said interest or divi-
dcnd shall be non-Cumulative. All voting
powers in this corporation shall be vested in
and enjoyed by the common stock owners.
The owners Of preferred stock will have no
voice IN the election OF directors or officers.
In the event OF a dissolution or liquidation Of
the Corporation, the said preferred share
holders shall be entitled to a preference and
priority IN the distribution Of the assets OF
the corporation over the common stock hold
ers. No dividend shall be paid on the COM
mon stock until there has been earned and
set aside a sufficient sum to pay the divi-
dend + 8 per cent on the preferred stock. Said
stock shall be paid for in cash or by property
of value, or for services rendered. and this
corporation shall become a going concern as
soon as three thOuSagG dollars 100000 of
the common stock shalf Eave been subscribed
tor. ms corporation snail have the power
to contract, sue and be sued in its corporate
name, to hold, receive, lease, purchase. sell,
affect and hyp0thecate property, real and per
sonaI, and TO do any and all things germane,
incidental and necessary TO carry out the OBJ
JectS and purposes Of this corporation.
ARTICLE. N.-The corporate powers shall
be exercised by a Board OF Directors, to be
composed OF not less than three stockholders,
the officers thereof being a President, Vice
President, Secretary and Treasurer, and one
or more OF the offices may be held by one
member thereof; The Directors and officers
shall De erected Immediately after the sign
ing hereof and annually thereafter on the
tlrSt Wednesday OF February, when the an
nuaI stockholders meeting shall be held.
AKllCE Win case OF the absence, IN
ability or non.pertormance OF duty, the ma
Jority OF the Board OF Directors are empOw-
cred to appoint a successor to any officer or
member OF the Board to I'LL a short term or
the uneNplred term OF such officer unable or
not Performing his duty.
AKiiCLE Vino stakeholder shall ever
he held liable or responsible for the contracts
turther sum than the unpaid balance due the
corporation on the shares OF stock subscribed
tor by him, nor shall any ~informality in or
ganizatiOn have the effect of rendering the
charter null, or of exposing any stakeholder
to any liability beyond the amount due on his
stock.
ARTICLE .VIII.-This charter may be
changed, modified or altered, or said cor
poration may be dissolved, with the assent
OF two-thirds OF the amount of common stock
present or represented at any general meet
ing of said corporation convened for such
purpose, after ten days previous notice shall
have been given, in the manner provided in
this charter. All changes relative To the
capital stock shall be made according TO the
laws OF this state.
ARTICLE IN-Wheneyer the corporation rs
dissolved, either by limitation or from other
cause, its affairs shall be liquidated under
the superintendent of two common stock
holders, to be chosen for that purpose by a
majority in amount of the common stock.
holders present or represented at a general
meeting Of the stockholders at which the cleo
ton is held. Said commissioners shall re-
main IN oftice until the affairs of said COR
case of the death, resignation or inability
from any cause of one Of the said commits.
sioners 10 act the survivor shall continue TO
ShaIb nave ceased TO act.
AN Ill IA DGE1a TnRP1HnU NJ Tho