The herald., 1914-08-13
CHARTER
WAIDUORN COMPANY

OF
WALDHORN COMPANY
STATE OF LOUISIANA, PARISH OF OR
LEANS. CITY OF NEW ORLEANS.
BE il known, That on this twenty ninth
day Of July, IN the year nineteen hundred
and fourteen, before me, Charles Rosen, a
Notary Public in and for the above Parish
and State. personally appeared the subscrib-
erS hereto. who declared that, availing them
selves OF the laws of this State IL such cases
provided, they hereby form themselves, their
associates and successors into a corporation.
under the following stipulations, which they
adopt their charter, to-wit:
ARTICLE The name and style OF this
corporation shall be WALDHORN COM
cesSion for a period OF ninety-nine years from
this date, and shall have all the powers CON
ferred by law upon corporations, and authority
to exercise all powers necessary or convenient
to its business, with power to buy any exist
ing businesses and to pay therefor in cash or
stock OF the corporation.
ARTICLE 1.-THE domicle of this corpora
tion shall be in the City of New Orleans,
State of Louisiana, and all citation and other
legal process shall be served upon the PreSi-
dent. and in his absence disability, upon
the Secretary Treasurer.
ARTICLE III.-The objects and purposes
of this corporation and the nature of the bust
ness to be carried on by it are hereby declared
to be: To carry on the business of marufac
turing, repairing, buying and selling gold,
silver, bronze and other metal wares, precious
stones, Jewelry of every kind ceramics, glass
ware, chlnaware, paintings, curioS, antiques
If all kinds, and furniture, and generally all
objects of woodwork, rugs, tapestries, drap-
cries, upholstering materials and all other
articles of merchandise connected with or in
cidental to said business; and doing all in
terror wood and decorating and uDholStering
work, and all other work connected with said
business; the carrying on of the business of
pawnbrOker, and generally to do everything
Incidental TO or connected with said business.
ARTICLE IN.-The capital stock of this
corporation is hereby fixed at the sum of one
hundred thousand (Sl0OOOO dollars, divided
into one thousand shares of the par value OF
one hundred dollars per share. The corpora
ton shall have the right to commence bust
ness and be a going concern when three thou
sand dollars OF the capital stock shall have
been subscribed. All stock shall be paid for
IN cash, or property received, or labor done,
at such times and upon such terms and condi-
tions the Board of Directors shall prescribe
All transfers of stock shall be made the
books of the company on the surrender OF the
outstanding certificate and pursuant to such
rules the Board of Directors may prescribe.
No stakeholder shall have the right to sell or
otherwise dispose of his stock without first
offering IT in writing for ten days, through
the Board of Directors, to the other stockhold-
ers, who shall have the right to buy the same
in proportion to their respective holdings
within said period for cash at price not in
excess of the book value as of date of such
offer; and if any stakeholder refuses 10 pur-
chase, the others shall have the right to buy
the same in proportion TO their respective
holdings; and all stock shall be issued and
held subject to this provision, and any per
son acquiring same shall acquire and hold it
subject to the terms Of this article.
ARTICLE Van the powers of this cor
and affairs shall be managed by a Board of
three Directors, elected at the annual meet
ing held on the first Monday of July OF each
year. except the first board named herein,
who shall hold office until the first Monday
OF July, 1915. All elections shall be by bal
lot under the supervision of said board. No
tlce OF such meeting shall be given by the
Secretary Treasurer in writing, delivered or
mailed TO each stakeholder, or by one publica-
ton IN a newspaper Of this city. at least ten
days prior to such meeting; but this notice
may be waived by all the stockholders.
At all meetings OF stockholders, every
stakeholder shall be entitled to one vote for
each share Of stock standing in his name on
| the books Of the company at the date of such
meeting, said votes to be cast in person or by
written proxy; and a majority of the votes
cast shall be sufficient to elect or carry any
motion or resolution or adopt any action. eX-
| cept where otherwise provided by law or by
| this Charter. The failure to elect at any
meeting shall not dissolve or affect the cor
| poraton. but the directors and officers shall
| remain in office until their successors are
elected and qualified After their own cleo
| ton, the Board Of Directors shall, as
| possible, elect a President. a Vice President
| and a Secretary Treasurer from their own
| number, and such other officers. agents and
| employees as II may deem proper. who need
nol pc directors or stockholders, and said
board may grant such powers and prescribe
| such duties TO each officer agent and en-
| ployee said board may deem proper. All
vacancies in the board shall be filled by the
remaining directors. Any member of the
board may, by written proxy, appoint any
stakeholder his representative to attend any
meeting and act in his stead. The board shall
have the power to make, amend and repeal
all bylaws and regulations of the corporation.
The first board of directors and officers
shall consist of Maurice NJ. Levi, President
Mrs. Albertine L. Waldhorn, Vice President,
and Samuel L. Waldhorn, Secretary-Treas-
urer.
ARTICLE VI.-Whenever this corporation
shall be dissolved, either by limitation or
otherwise, its affairs shall be liquidated by