The herald. [volume] (New Orleans, La.) 1905-1953, 1914-02-26

Article II. The domicile of this corpora
tion 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.
Article Ill The objects and purposes for
which this corporation is formed are hereby
declared to be TO conduct a general book
and stationery business; to buy and sci!
books. journals and periodicals of every kind
and description, at wholesale and retail, or
a commission basis; to buy and sell sur
gical instruments, at wholesale or retail, or
on a commits sion basis; and to buy and sell
merchandise of every kind and description.
at wholesale retail or on commission
basis; to acquire, by purchase, lease or other
wise real estate, and to hold, improve, lease,
mortgage, sell otherwise dispose of the
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
900 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 10
| 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
non assessable, 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, that this Act
OF Incorporation shall serve as an original
| subscription.
All stock of the corporation may be trans
J ferred by the owner or his duly authorized
| attorney in fact on the books of the corpora
| ton, but no stockholder 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
| severally constituted the agents of the Other
| stockholders 10 purchase said stock so Of
| fered for their use and benefit.
The said agents shall have ten days time
| in which TO accept refuse said offer from
| and after the date of its receipt. II the
offer shall be accepted, the stakeholder, uPor
| being paid the price, shall at once transfer
the stock, to which every one of said agent:
has accepted the offer. If the offer is re
| jected, the stockholders shall not sell tht
| stock TO anyone for less price than thai
| named in his offer, without again offering
| the same TO said agents at the reduced price
| in the same manner in the first instance
| In case any of said stock so offered shall bt
| purchased by any one of said agents, II shall
| at the QiSCretlOn OF the DOd1u OF DlIcStoIS
| be sold TO whoever the Board of Director:
wishes and designates, or it shall be pro
rated among the other shareholders in pro
| portion to the number of shares owned b,
each, if they decide to take and pay fol
the same at cost price, otherwise, the agen
making the purchase may retain the stool
| for his own account.
Article v. All the powers of this cor
poration shall be vested in and be exercised
by a board of three directors, to be elected
each year by the stockholders at the annua
meeting; the said directors shall be bona hd'
stockholders, and the first board shall con
sist of John A. Majors, George Henser ant
Norman X. 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, exeep
when such day shall fall on a legal holiday
then upon the next following layday. TIL
stockholders shall elect a Board Of Direc
tors for the ensuing year, the board alread,
installed to continue to hold over until thei
successors are elected and qualified.