The herald., 1914-02-12

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
Article Ill The objects and purposes for
which this corporation is formed are hereOy
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 ana retah, Oh
on commission basis; TO buy and sell sur
gical instruments, at wholesale or retail, OF
on commission basis; and to buy and sen
merchandise of every kind and description,
at wholesale or retail or a commission
basis; to acquire, by purchase, lease or other
wise, real estate, and to hold, improve, lease
mortgage sell or 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
(2OO) 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 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.
| ject to the action and call OF the Board OF
Directors. Said stock shall be fully pad
| at the time of its issuance, and thereafter
| worcestershire, 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, so 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 authorized
| attorney in fact on the books OF the corpora
| ton, but no stockholder shall have the righ
| TO sell or dispose of his stock without mrs.
| offering the same, in writing, at cash price
| to be named by him, first, to the Presiden
cessively to the Vice President and to thu
| Secretary treasurer, the above othcers beint
| severally constituted the agents OF the othe
| 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, II tn
offer shall be accepted, the stockholder upoI
being paid the price, shall at once 'ra Is,e
has accepted the offer. II the offer is re
jected, the stockholders shall not sell tn
stock to anyone for less price than ina
named in his offer, without again offering
the same to said agents at the reduced price
in the same manner as in the hrst instance
In case any of said stock SO offered shall b
purchased by any one OF SAID agents; II ssall
|
be sold to whoever the Board of Director
wishes and designates, or it shall be pre-
rated among the other shareholders IN pre-
portion to the number of shares owned b
each, if they decide to take and pay 70
the same at cost price, otherwise, the ager
making the purchase may retain the stoc
, for his own account.
Article V. All the powers OF this col
! poration shall be vested in and be exercise
, ! by board of three directors, to be electe
each year by the stockholders at the annu;
. meeting. the said directors shall be bona nc
, sist of John A. Majors, George Henser an
. Norman R. Shubert with the following OIL
GERS: John A. Majors, who shall be presiden
. George Henser, who shall be vice presiden
. Norman r. Shubert who shall be secIetar!
r treasurer On, the last Monday in Deeen
, Der. 1914 and annually thereafter, exec
! when such day shall fall on legal holida
i then upon the next following iaydayt Il
. stockholders shall elect Board OF Dire
> tors for the ensuing year, the board alreac
: | installed to continue to hold over until the
successors are elected and qualified.