The herald., 1914-08-13

sold for consignors' account also to buy
and sell outright.
The capital stock Of this corporation shall
be ten thousand dollars (SlO0O0OO), divided
into one hundred shares OF the par value OF
one hundred dollars ($1OOOOD each, which
shall be paid for when issued, in cash, or
.Othcr property, or for services rendered, aS
decided by the board OF directors.
This corporation shall begin business as
soon aS three thousand dollars $4,000 OOD
iof its capital stock shall have been sub
Scribcd, and shall have all the powers grant
ed 10 such corporations by law. and more
especially the powers 10 contract, sue and
De- sued in its corporate name, 10 hold. re-
.c,iyc. lease, purchase, sell, convey, mort
gage affect and hypothccate property, both
real and personal and to name and appoint
lSlsh Offices as its interests may require.
The business II this corporation shall be-
conducted by a board OF directors composed
II three stockholders. who shall De- elected
hv a ma ior!tv vote Of the stockholders on
The 10Th day Of January. 1915. and annually
thereafter. Elections ar" 10 Toe held after
ten days notice in writing shall nave been
sent by mai, 10 each Sjogkholier. Each
share Of stock shall bc entitled to one vote
by the owner thereof, or his agent
The board Of directors elected As above
provided shall select from their number,
president, a yicc-prr>drnt, and secretary
treasurer at their first meeting after their
election any vacancy occurring among the
directors or officers Of this company shall be
Ll.Nl pN me D1tEl 81 NlI'tlbI~- \ uldJoIltA
IF m" board Of directors shall constitute
quorum.
VI +. Sanders T.. H. II"intzrn and W. &.
SDharfrrS shall constitute the first board or
directors. with VI. T.. sanders as president,
f. IL. lIriutZ,u as ylco-pr"sidcnt, and W G..
Ssl4rfrr is secretary treasurer. and they
shall hold office until the 18th day of Janu-
ITI, 1915. or until their successors ar" duly
elected and qualIued In the event OF the
death. resignation, or inability TO act, Of any
~ m. said ahoye-uamcd members Of the first
board Of directors between now and the 10Th
day Of January. 1915. the remaining mem
brrS shall nil the vacancy, or vacancies. "N-
listing on said board until the next election
under this charter.
All citations shall be served on the presi-
dent or in his absence or inability 10 act,
ION the viCc-preSii"nt. or in default of these
ION the scCretary-trcaSurer
No transfer Of stock by a stakeholder shall
be binding on this corporation unless the
same appear on the books thereof, and un-
less said stock shall have been first offered
for sale to the board Of directors OF this cor
poratiOu. and they shall have refused within
ten days from said OFFER, TO purchase said
stock AT its market value
II for any reason all the offices OF this
corporation should become vacant either by
death or resignation Of said officers and mem
hers Of the board OF directors at one and
the same time, 50 as to leave the corpora
ton without officers and directors, before
the time fixed for the annual meeting OF the
then and in that event the stockholders or
this corporation shall. at . special meeting
latter three days notice in writing mailed to
each stakeholder at his last known address.
elect new officers and directors. who shall
| fill the vacancies so existing until the rcgu-
lar election as provided for in this charter
At the termination Of this charter or II
sooner dissolved. the affairs Of this corpora
ton shall be liquidated 10y two commission
| erS selected by the stockholders OF this cor
poration at a special meeting called FOR
! that purpose after ten days notice In writ
/ ing mailed 10 each stOCkhOlder at his last
known address.
! Thus done and passed. in my nOtarial Of
| fee, in the city Of New orleans. on the day
Il and date herein first above written, in the
lpreSence OF MeSSrS. Edward W. Richow and
Louis Lion. competent witnesses. who here
lunto sign these presents. together with ap.
bearers and me, notary, after due reading OF
| the whole.
| (Original signed Names OF members and
amount subscribed omittedD Witnesses :
f. W. RiSchow, l.. Lion.
| J. II. FORCELLE. JR.. Not. Pub.
| l. the undersigned recorder Of mortgages,
| in and for the parish of Orleans, state of
| Louisiana, hereby certify that the above and
| foregoing act OF Incorporation was this day
| folio
New Orleans. July 90. 1914.
| ISignedD EMILE J. LEONARD, by. r.
| The above and foregoing is true and
correct copy Of the original act of inCOrpO-
ration. with the exception of the names q
| the subscribers.
]. II. FORCELLE. JR..
CSean Not Pub.
jul % 30 aug 10 90 %