The herald., 1914-02-19

Article II. The domcie of this corpora
ton shall be in the City OF New. orleans,
State of Louisiana, and all citations ana
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.
which this corporation is formed are hereby
declared to be TO conduct general book
and stationery business; to buy and sell
books, journals and periodicals OF every KIND
and description, at wholesale and retail, or
on a commission basis; to buy and sell sur
gical instruments, at wholesale or retail or
on commission basis, and to ouy ana sen
merchandise of every kind and description,
at wholesale or retail or on COMMISSION
basis; to acquire, by purchase, lease or !ther-
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.
poration is hereby fixed at twenty thousand
| (S20,OO0) dollars, divided into two hundred
| 600 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 to
| be issued and payment made therefor sub,
| iect to the action and call of the Board OF
Directors. Said stock shall be fully paid
at the time of its issuance, and thereafter
| worcestershire, and the capital stock ray be
increased or decreased in the manner pro-
yided 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.
spectiye signatures hereto, that this Act
| Of Incorporation shall serve as an original
| subscription.
| All stock of the corporation may be trans:
ferred by. the owner or his duly autnorl.eo
ton, but no stockholder shall have the right
to sell or dispose of his stock without hrs'
offering the same, in writing, at 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
ecretary-treasurer, the above officers beins
stockholders to purchase said stock so Of
fered for their use and beneht.
The said agents shall have ten days time
in which to accept or refuse said offer iron
and after the date Of its receipt. IL tn'
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
stock to anyone for a less price than tina
named in his offer, without again offering
the same to said agents at the reduced price
in the same manner as IN the hrst i fS.a e
purchased by any one of said agents. It shall
at the discretion of the Board OF Directors
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 TO
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 electe'
each year by the stockholders at the annus
. meeting; the said directors shall be bona nd
stockholders, and the first board shall con
,, sist of John A. Majors, George Henser an
Norman R. Shubert, with the following oitl
GERS: John A. Majors, who shall be president
George Henser, who shall be vice president
Norman R. Shubert, who shall be secretary
r treasurer. On the last Monday in Deeem
, Der, 1914, and annually thereafter, exeep
when such day shall fall on legal holiday
then upon the next following layday tn
. stockholders shall elect Board OF Dires
tors for the ensuing year, the board alread
installed to continue TO hold over until thei
successors are elected and qualified.