The herald., 1915-07-29

be acquired for the total issue of capital stock
OF SIX thousand dollars and more.
The board OF directors is hereby directed
to acquire the property rights and credits
aforesaid and to cause to be executed the
transfers and instruments passing proper title
10 all and singular the property hereinabove
described and TO issue therefor the entire
full paid and worcestershire capital stock OF
this corporation.
No sale of the stock of this company shall
be valid unless opportunity has been first
given the other stockholders to acquire the
same. Written notice OF the intention to sell
said stock shall be given to the company and
served on the president. Said notice shall
be addressed to the board of directors and
shall state the price at which the said stock
is offered 1t shall be The duty of the board
of directors TO meet Immediately this notice
IS received and TO order same transmitted at
once to the other stockholders of record, and
said stockholders shall have the privilege to
buy said stock at the price offered within
seven days from the receipt OF the notice
from the board of directors as aforesaid. The
right of the stockholders to purchase said
stock shall follow the same into the hands of
any purchaser who has acquired the same
without compliance with the foregoing pro.
vision, but said right must be exercised
within seven days after the transfer thereof
upon the books.
All certificates OF stock shall bear upon
their face a brief reference to the rights here
inabove established in favor of the stock
holders.
The capital stock of the company may be
increased to hundred thousand dollars.
Article lV.-All the corporate powers shall
be vested in board of directors to be COM
posed of three stockholders, elected annually
on the first Monday of October in each year,
and the first election for board of directors
shall be held on the first Monday in October,
1916
The following persons are hereby declared
TO be the board of directors to serve until the
CaNA al av,1 Il Nha.r
appointed, to-wit:
Paul Freund, whose post Office address is
coo Godchaux Building New Orleans, Lou
isiana.
Leonard Duplessis. whose post Office address
is 6O6 Godchaux Building, New Orleans, Lou
isiana.
Benjamin w. Dart, whose post Office address
is 9O4 Canal Bank Building, New Orleans,
Louisiana.
All the powers conferred by law upon cor
porations are hereby vested in the said board
of directors. The said board, however, shall
not sell, ALLEVIATE or dispose of the formula,
trademark and trademark rights of Glee- mol
without the unanimous consent of the entire
board.
The said board of directors as herein con.
sttuted shall meet without notice after the
signing of this charter to elect officers, estab-
lish bylaws and to transact such other bust
ness as may be brought before il.
The board of directors elected in 1916 and
the day that they are elected or as soon as
may be thereafter.
All meetings of the stockholders, save where
otherwise required by law shall be held on
forty-eight hours written notice delivered in
person mailed to the post Office address of
the said stockholders.
In of temporary disability or absence,
any director may give his written proxy to
another director, or to stakeholder, to act for
him at meetings of the board of directors.
Article N.-The names of the subscribers
to the stock of this corporation, the post Office
address OF the same and the amount of stock
subscribed for by each is as follows:
Paul Freund, whose post Office address is
COO Godchaux Building New Orleans, Louisi-
ana, 20 shares.
Leonard Duplessis, whose post office address
is 6O6 Godchaux Building, New Orleans, Lou
isiana, 20 shares
Benjamin w. Dart, whose post office address
is 9O4 Canal Bank Building, New Orleans,
Louisiana 20 shares.
The said subscribers will pay for the said
stock by the sale, transfer and exchange of
the rights, ownership and property, all stu
ate in New Orleans, louisiana, and described
in Article III of the charter, which are val
ued and appraised at the sum of six thousand
dollars, Notwithstanding the same are of
greater intrinsic value, as is set out in said
Article III.
ARTICLE VI.-Any notice required or pre-
scribed by law or in this charter to directors
stockholders may be waived by unanimous
consent unless prohibited by law
Article What the dissolution of this cor
poration the liquidators to be then and there
elected. in addition to the powers conferred
upon them by the laws of this state NAV be
authorized to sell the property of the corpor-
alton in whole in block and to receive in
payment therefor the bonds or stocks of any
other corporation. They may also be author
lied to compromise, arrange and adjust debts
due by or to the corporation.
Thus done and passed in my Office on the
day, month and year first above written. in
the presence of L. F.. Simpson and Conrad
u. Collins, competent witnesses, who have
signed with the appearers and me- notary.
after reading the whole.
Original signed: Benjamin w. Dart. 20
shares, ninth floor Canal Bank Building. N
o., La; Paul Freund, % shares, COS God.
chaux Building, New Orleans, La; Leonard
Duplessis, 20 shares, COG Godchaux Building.
N. o., La. Witnesses: L. E. Simpson, Con.
rad G. Collins.
ORAMEL II. SIMPSON, Notary Public.
l hereby certify the above and foregoing 10
be true and correct copy of the original act
OF incorporation Of the "Glee-No Company.
Incorporated" on file and of record in INV
notarial office. New Orleans, La, June q, 1915.
ORAMEL H. SIMPSON, Notary Public.
i, the undersigned recorder of mortgages
in and for the parish of Orleans, state of
Louisiana, do hereby certify that the above
and foregoing act of Incorporation of the
"Glee.Nol Company, Incorporated" was duly
recorded in my Office, in book l1S7, folio -.
(Signe0 EMILE J. LEONARD, by. R.
(SeaD
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