The herald., 1914-09-17

and their successors, to form. ordain and
establish corporation and body polite in
law, for the objects and purposes and under
he articles and stipuations following, to-
wit:
Article 1.-The name and style Of said cor
poration shall be white Brothers Company"
and under sad corporate name it shall have
power and authority to have and enjoy sue
cesSiOn for the term and period of ninety
nine years from and after the date hereof
to contract, and be sued; TO make and
use a corporate seal and the same to break
or alter at pleasure; to hold, receive, lease,
purchase and convey, as well as mortgage,
hypothecatc and pledge property, real, per-
sonal and mixed, corporeal and incorporeal /;
to make and issue notes and other obliga-
tlonS or negotiable instruments; to name and
appoint such managers, agents, directors and
officers as its interests and convenience may
require; and to make and establish, as well
as alter and amend, from time to time, such
bylaws, rules and regulations may be nee
essary and proper for the government of its
affairs.
Article 1.-THE domicile of said corpora
tion is hereby fixed in the city of New Or
leans, state OF Louisiana, and all citation or
other legal process shall be served upon the
president of the corporation or in the event
of his absence, upon the secretary thereof.
Article lll.-The objects and purposes for
which this corporation is established and the
nature of the business to be carried on by II
arc hereby declared and specified to be: 10
carry on business as jewellers, gold and sill
osities, articles of vertu, coins, medals, bull
lion and precious stones, and as manufactur-
ers of and dealers in gold and silver plate,
plated articles, watches, clocks, chronometers,
and optical and scientific instruments and
appliances of every description; and gener-
ally to do and perform all such things as
may relate or appertain to the subjects and
purposes above expressed.
Article lV.-The capital stock of said cor
poration is hereby fixed at the sum OF two
hundred and fifty thousand dollars, $780,
COCOON, divided into and represented by
twenty-five hundred $500 shares of the par
value of one hundred dollars (Sl00O0) each
which stock shall be paid for in cash, or for
labor done, or services actually rendered the
corporation, or property actually received the
the corporation. All transfers of stock OF
this corporation shall be entered on the stock
book, and no transfer of stock shall be in
any manner binding on the corporation until
so registered in its stock book.
This corporation shall become a going con-
cern and commence business when fifty thou
sand dollars (S50,0O000) of its capital stock
shall have been subscribed.
No stock shall be sold or transferred until
II is first offered in writing to the corpora
tion at the then book value, which book value
shall be asccrtaned by the Board of DIrec-
tors at a special meeting called for that pur-
pose, and held within thirty days from the
date of such notice, the said corporation 10
have thirty days option on stocks so offered
from date of said notice; and any stockholder
or stockholders shall have the absolute right
and privilege to purchase said stock at its
book value, as ascertsined by the Board of
Directors, upon the corporation declining
same, before said stock can be sold to any
one not a stockholder OF said corporation; and
no sale of the stock of said corporation shall
be effective unless said stock shall have been
first offered for sale to the said corporation
or its stockholders, as above set forth, and by
them declined.
AS additional shares Of the capital stock OF
said corporation shall be subscribed for, the
same shall be offered TO the holders of stock
at the time of such subscription, in proportion
TO the number of shares held by them respect
lively.
Article V.-All the corporate powers of said
shall be vested in and exercised
by board Of directors composed Of five (S)
stockholders, to be elected annually on the
third Tuesday in July of each year, the first
election to be held in 1915. All such elec.
tions shall be by ballot, conducted at the
office of said corporation. under the supervi-
sion OF one or more commissioners, to be ap-
pointed by The board of directors. Notice of
such election shall be given by the secretary
Of the corporation to eacn stockholder sent
by mail to him at the address shown the
books of the corporation, which notice shall
be mailed to him not more than ten days or
less than FIVE days prior to such election.
Every stockhoder shall be entitled TO one
vote for each share of stock standing in his