The herald., 1915-06-03
CHARTER

| United States OF America, STATE OF LOUISIANA
| Parish Of Orleans, City Of New Orleans.
| Re it known, that on this first Ostl day
the month OF June, in the year OF our Lord on
thousand nine hundred and hiteen, ana
the independence OF the Onlted states {
| America, the one hundred and thIrty-nintl
before me, Charles ]. DcueChaud, notar
public, duly commissioned and qualified, /
and for this city and the parish OF Orleans
therein residing, and IN the presence OF IN
witnesses hereinafter named and undersigned
personally came and appeared: the severa
| persons whose names are hereunto subscribed
who sevcrally declared that awaiting them
| selves OF the laws OF the state OF LouIslan
and especially the laws relative to the or
gauization Of corporations, they have cove
uanted and agreed and do by these present
covenant and agree and bind themselves, a
| well as all such other persons as may here
| after become associated with them. to torn
corporation for the objects and purposes anC
| under the articles, agreements and stlpuIa
! tons following, tO-wlt:
Article The name and style Of this cor
| poratiou shall be: Il. ID. Stafford Company
| Inc" and by and under that name it shall
| have and enjoy all Of the rights privileges
| powers, authority and advantages granted by
| law to corporations; It shall exist Tor Z
period OF ninctv-uiuc wears from date hereof
! il shall have power and authority to con.
! tract, sue and be sued in its corporate name
to make and a corporate seal. and the
same TO break or alter at pleasure; to have
and employ such managers, directors, officers
I
convenience OF said corporation may require
or demand; 10 hold, receive, lease, purchase,
convey, mortgage, hypotheCate or pledge prop
erty, real, personal or mixed; 70 issue DOnos,
notes or other obligations; and TO make and
establish such bylaws. rules and regulations
for the corporate management and control OF
its business and affairs as may be deemed
necessary and proper.
Article 1.-THE dOmicile Of this corporation
shall be in the city Of New Orleans, state
of Louisiana, and all citations and other
legal process shall be served upon the presi-
dent Of said corporation, or in case of his
bility Of both the president or vce-presiden,
president, and in case OF the absence or ina
bilit oyf both the president vice-president
to act, then upon the secretary treasurer OF
this corporation.
which this corporation Is organized and es-
tabliShed and the nature of the business to
be carried on by il are hereby declared to be.
To publish, sell or otherwise deal in, by
wholesale or RETAIL or both. periodicals and
literary works and other publications gener-
ally, and also to act as brokers, jobbers or
agents for others in said line of business; TO
deal in, buy and sell immovable property for
its own account or for others; to do all of
the aforesaid in the state of Louisiana or
elsewhere; and generally to do and perform
or engage in any kind of business or under
taking connected with, growing out of nee
corporation.
Article IV.-The capital stock of this cor.
poration is hereby fixed at the sum of thirty
five thousand dollars (S35OOOOO divided into
and represented by three hundred and fifty
t5SO) shares of the par value of one hundred
dollars $4,000 each, which said stock shall
be paid for in cash. or in installments on
the call of the board of directors. or may be
issued at not less than par for services rem
dered to said corporation, or for property or
rights actually received or acquired by said
All shares of stock shall be full paid and
m. GgaE= 1Nla Z
Of this corporation shall be signed by the
president and secretary treasurer of the cor
all transfers of stock to be binding
upon this corporation, shall be made upon
The books of said corporation, and no stock |
holder shall sell or dispose of his stock
without hrst offering same to the corporation
which shall have the right to buy same with !
n ten days from said offer at the book value |
hereof
The capital stock of this corporation NAV
'e increased from time to time, in the manner |
provided for by the laws of the state of Lou. |
slana, to an amount not to exceed one hun.
ired thousand dollars (SlOOOOOOO
Ihirty-hve thousand dollars CS35OO0OO Of |
he capital stock of this corporation has been |
subscribed for at the time of the passing of |
ms act OF Incorporation, and this corporation
YIN become going concern and shall be au-
horIzed to commence business as soon as said !
took has been paid for
Article N.-All of the corporate powers Of
his corporation shall be vested in and eyer.
ised by board of directors, composed of |
hree 80 stockholders, a majority of whom
hall constitute quorum for the transaction
I business
The board of directors of this corporat;o,
nan De elected at meeting of the stock
olders on the first Thursday in Iune of each |
ear, unless said day shall be a legal hoI; |
ay; IN which event said election shall he |
eld on the next succeeding business day
1ntll the hrst Thursday in June 1915. the
blowing persons shall constitute the board
directors of this corporation. to.wit.
Peter /. Stafford. =. Henry Stafford ard
n9mas J.; Mcdonald. of whom Peter T. Stat
,rd shall be president, P. Henry Stafford
IAN pc viGe-president and Thomas ]. Nc.
onald shall be secretary-treasurer.
All elections shall be nv ballot and e,cb
oGkholder shall be entitled to one vote for
zen snare OF stock standing in his name ON
&c. DG ;.h OF the corporation, the vote TO be |
Isl elther IN person or by proxy, and it shall
quire majority of the stock present o.
presented to elect
ne failure to elect the board of directors
tIe uay speclhed or thereafter. shall not
q board OF directors shall remain in ofSce | :
M their successors are elected and ouali-
The board of directors at its first nicotine
an eject from among its number a nres;e :
mt vice-president and a secretarv-treas. :
Any vacancy. occurring in the board of III. z
S;.,i ei.ner from death, resignation or ina :
|
red term by the board of directors ar Re
xt regular meeting ct us !
Nouces OF all meetings shall be given b
seGretary.treasurer in writing and rna;Ieg ;
each stakeholder at his last known -
ess at least fifteen G5) DAYS prior 70 az
re OF such meeting or election.
article Nl.-This act of incorporat;or ma,
changed, modified or amended, or the csn, y
II stock increased or decreased by and L
,ck. Vi all the 7
change in the objects and purposes r,,r p
made only by a vote OF ali tbe ..oal, z
zretotore issued and an increase of tbe l.
Dltai stock IN excess of the amount or;,;, |
y named herein as the sum 10 which a.
ptai may be increased, NAV be mad b,,
-se-fourths Of all the outstanding stoct,
ms corporation may be dissolved bv !,
e OF two-thirds of all the stockholdeys a
meeting called for that purpose. 6 g?
.otices ot all meetings referred IN in III. u
lcle Shall be gwen in the same manner ss p
this charter ." article 20
n case Of dissolution or termination of ,L;s II
rter either by limitation or otberwisa ;,s
airs snail be liquidated by three liou;d,,ors o.
ected by. the stockholders at genersi "
eung held as hereinabove provided for