The herald. [volume] (New Orleans, La.) 1905-1953, 1914-05-07
Acr OLE IYcoPPoRATION

off TIE sou HEM SNiS M -'.--' 81
SOCIETY,". ..:.....
. Ur-.,I State, IF America, N,a.e OF louisiana
Parish u: Orleans. City ut Ne" orleans.
T., ;, known. That on this the .h'I- day ~
OIL, month Of Apni ~ ne 80 90. ~, ~ LA
80 -r. T.E.rrrHr-r- 81 The United states
+ h.,.r.a. the ore hundred ard thirty
.,.f.n before ~c, Joseph sinai Notary iH",
&c. Hu.y commissioned and qualiIel' m ana
IT, Ike parish ui Orleans, therein residing
....H r. rio, rr,arrre II the hereinafter named
..H undersigned witnesses, personally came
and APPEARED the several persons whose name
... lr-,uu'u subscribed, who srEsratiE &c
.'a-.d that awaiting themselves OF me pI'''s-
...r. II the laws OF this State. they have cove
f...,.t and agreed, and do by these presents
covenant and agree 10 form and constitute
themselves and their successors INTO cor
r.-arior and body polite IN law tor ne oo-
...f- and purposes, and under the conditions
and ,rIpuIauous following, tn-wit:
Article !. SAID corporation shaI! he known
and designated as The Southern Arts and
Crafts society and under SAID name II shall
exist and enjoy succession for the term and
period Of ninety nine years from ana after thG
date 81 these presents, and shall ENJOY ana
exercise all powers and privileges granted row
III hereafter bv law unto corporations, 10 con-
tract sue and be sued; TO make and use
corporate seal and the same break and alter
al pleasure; 10 hold, receive, lease acquire by
donation or otherwise, purchase and convey
as well as mortgage, pledge and hypothecdte
property, real, personal and mixed CoIpofedl
and Ircorporcal.
ton shall be in the City OF New Orleans,
State OF Louisiana, and all citation or other
legal process shall be served on the President
al said corporation, or IN case OF ms absence
upon the Secretary thereof.
Article III. The objects and purposes for
which this corporation IS established and the
natuge Of the business TO be carried on by
y, are hereby declared TO be, to MAINTAIN and
operate studios schools, shops and factories.
to maintain branches and associate societies
in any place in the United States; 10 instruct,
teach. and perfect students and members IN
arts and crafts in all their branches, which
includes the study of art and design along
unusual lines; the designing of unique pieces
Of pottery, Jewelry, tapestry, woodwork, metal
and the study of correct architecture, decora-
ton and furnishing by periods, and the manu-
faCturc and sale Of the above articles; and to
do any and all such things as may relate or
appertain TO the objects and purposes above
, expressed.
Article ". The capital stock of said corpor-
alton is hereby declared TO be the sum Of Five
Hundred Thousand Dollars, divided into or
represented by Five thousand shares OF the par
value of One Hundred Dollars each. Said
stock shall be subscribed for and paid in cash
or its equivalent, and the same may be issued
| for property actually received or labor done
| for said corporation.
Transfers of stock shall only be made on the
| books of the corporation by stockholder, in
| person or by proxy, but stock shall be sold
| or transferred by stoCkholder unless said
stock shall have FIRST been offered TO the Board
| of Directors of the corporation, at book value,
| through written notice sent to the Pre- sIdent
of the corporation, and only upon the failure
of the corporation TO avail itself, within thirty
] days OF such right TO purchase, shall such
1 stock become transferable. The corporation
| shall become a going concern and be authorI-
zed to commence business as soon as Twenty
| five thousand dollars of the capital stock
shall be subscribed and paid for.
The dividend TO be earned the capital
,al1 h. md I'D ra.,t
! In event dividend is earned more than sutt-
! cient TO declare the aforesaid seven per cent,
the balance shall be passed to surplus
sinking fund.
Article " The business of this corporation
shall be managed by and all its corporate pow
ers shall be vested in Board Of Directors TO
be composed OF not less than ive (9 nor mere
than twenty-five (25D stockholders, TO be elect
ed annually on the First Monday of June of
each year.Should this day be legal holiday,
then on the first legal day thereafter.
At their hrst meeting IN each year, said
Board of Directors shall elect out of its num-
Der, President, one to five Vice Presidents, a
treasurer, and a Secretary. At all elections
for Directors, which shall be by ballot each
stakeholder shall be entitled to one vote for
each share OF stock standing in his name on
the books Of the corporation, and the persons
receiving the votes of the majority, in amount,
OF the capital stock represented at such meet
ing shall be declared elected. At all meet.
ings Of the Board of Directors the action or
decision of majority shall prevail. Five mem
beTs of the Board shall constitute a quorum
tor the transaction of all business. The
Board of Directors shall have authority to fill
all vacancies in their number, occurring from
whatever reason, and shall have full power
| to make and establish as well as change, al
| ter or amend all bylaws, regulations and
rules for the support, government and man
agement of the affairs of said corporation, as
| they deem necessary; to borrow money, exc
cute mortgages, issue bonds, make contracts,
and TO do any and all things necessary in the
! transaction OF the business and affairs of said
| corporation; and to issue and deliver full paid
paid shares of stock and bonds, or other obli-
gators Of said corporation, at not less than
| par, tor labor done, money, property, or
rights, actually received by it.
Article VI The first election for Board
| OF Directors, under this charter, shall be held
| on the First Monday in june 1915, of which
| thirty days written notice shall be given each
stakeholder of record, sent by mail, to his
last known address. failure to hold an cleo
ton tor Directors, as above, for any cause
snail not dissolve the corporation, but those in
once shall hold over until their successors
have been duly elected and qualified
Article VII. The Board of Directors Of this
corporation shall be, and is hereby, authorz-
ed TO sell and issue Life Memberships, for
| cash only, and elect Honorary MEMBERSHIPS
Article Will This charter may be amended
altered or changed, OF the corporation NAV be
| dissolved, at any general meeting of the
! stockholders convened for that purpose, after
thlTty days public notice, published in one of
the daily newspapers of the City of New Or
| leans, and written notice to each stakeholder
| OF record, sent by mail to his last known adj
! dress, at which meeting the assent of three
tourths IN amount of the capital stock repres-
ented at SAID meeting shall prevail, and in
event OF dissolution of the corporation shall
be determined upon, by like vote, the stock.