The herald. [volume] (New Orleans, La.) 1905-1953, 1915-06-10
CHARTER

Parish of Orleans, City Of New Orleans.
| Be il known, that on this first Qstl day o
| the month Of June, in the year OF our LORD on
| thousand nine hundred and htteen, ana o
the independence of the United States o
| America the one hundred and thIrty-nlnth
| before me. Charles l. Denechaud, notary
public, duly commissioned and quallhed, II
| and for this city and the parish OF orleans
| therein residing, and in the presence OF IN,
| witnesses hereinafter named ana uhuersisheu
personally came and appeared: the seyera
| persons whose names are hereunto subscribed
who severally declared that awaiting them
selves of the laws of the state OF Louisian;
and especially the laws relative 10 the OF
ganization of corporations, they have cove
nanted and agreed and do by these presents
covenant and agree and bind themselves. a.
well as all such other persons as may mere
after become associated with them, 10 forii
a corporation for the objects and purposes anc
under the articles, agreements and supula
tious following, tO-wit:
Article 1.-The name and style of this cor
poration shall be: a. d. Stafford Company
Inc" and by and under that name II shall
have and enjoy all Of the rights. privileges
powers, authority and advantages granted by
law to corporations; It shall exist ior
period of ninety nine years from date hereo1
it shall have power and authority to con-
tract sue and be sued in its corporate name
to make and use a corporate seal, and the
same to break or alter at pleasure; to have
and employ such managers, directors, othcers.
d
convenience OF said corporation may require
or demand; to hold, receive, lease, purchase
convey, mortgage, hypothecate or pledge prop
erty, real, personal or mixed; 10 issue oonos,
notes 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
bilty of both tie president or vice president
president, and in case of the absence or ina
bilit oyf both the president or vice president
to act, then upon the secretary-treasurer OF
this corporation.
Article III.-The objects and purposes for
which this corporation is organized and es-
tablished and the nature of the business to
be carried on by II are hereby declared to be {:
To publish, sell or otherwise deal in, by
wholesale 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 or nee
essary TO the objects and purposes of this
corporation.
poration is hereby fixed at the sum of thirty
FIVE thousand dollars Cs3S,0OO.OO) divided into
and represented by three hundred and fifty
$3.50 shares of the par value of one hundred
dollars (Sl000O) 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
corporation.
All shares of stock shall be full paid and
non assessable and all certificates of stock
of this corporation shall be signed by the
president and secretary treasurer of the cor
poration; 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 dispose of his stock
without hrst offering same to the corporation
which shall have the right to buy same with
IN ten days from said offer at the book value
thereof.
The capital stock of this corporation NAV
be increased from time to time, in the manner
provided for by the laws of the state of Lou
lsiana, to an amount not to exceed one hum
bred thousand dollars (Sl00OO00W
Thirty-hve thousand dollars (S35,O0OOO of
the capital stock of this corporation has been
subscribed for at the time OF the passing of
this act of Incorporation, and this corporation
VIII become going concern and shall be au-
thorlzed to commence business as soon as said
stock has been paid for.
=, article V-All of the corporate powers of
cised by board of directors, composed of
three (S stockholders, a majority of whom
shall constitute a quorum for the transaction
Of business
The board of directors of this corporation
snail be elected at a meeting of the stock
holders on the first Thursday in June of each
year, unless said day shall be a legal holt
Day; IN which event said election shall be
held on the next succeeding business dav.
Until the first Thursday in June IoI6 III.
following persons shall constitute the board
Of directors of this corporation, to-wit:
=, Peter l. Stafford, p. Henry Stafford and
l9rd , shall be president, P. Henry Stafford
shall be vice-president and Thomas l. Nc
Donald shall be secretary-treasurer.
All elections shall be ny ballot and each
stoGkholder shall be entitled to one vote for
each share of stock standing in his name m
me books OF the corporation, the vote 70 he
east either IN person or by proxy and II sb.II
require majority of the stock present or
represented to elect VI
The failure TO elect the board of directors
IN the day specified, or thereafter. shall no,
lissolve or affect this corporation. but tbe
'id board of directors shall remain in ofSce
iIih tneir successors are elected and Quail
The board of directors at its first -r...;,,
snail elect from among its number MESS
lent' vce-president and a secretary-treas.
Any vacancy occurring in the hoard os 4;
-ectors either from death, resignat;on % u ul'
putty to serve, shall be filled for m. Me-
pred term by the board of directors AZ Ire
next regular meeting. '''
d, Notices OF all meetings shall be give, n,
ne secretary,treasurer in writing and maiIe5
o each stakeholder at his last known "a
iress at least fifteen O5) DAYS prior 70 tbe
iate OF such meeting or election.
article El-Ihis act of incorpo-ation r,.
'e changed, modified or amended. mr. ~. nay nany
tai stock increased or decreased bn .ap ,
with the consent of two-thirds az Il, .u
took. US Oh all the
change in the objects and purnos.s MAJ
,e maze only by vote of all the stooL
heretofore issued and an increase of ~
aspital stock in excess of the amount or;g;n-
MY named herein as the sum TO which a. |
;apitai may be increased, NAV be mad. ny,
of all the outstanding stocL
Tins corporation may be dissolved bx
'ote OF two-thirds of all the stockholdeys =.
meeting called for that purpose a.
Notices Of all meetings referred 70 :, A..
rtlcle shall be given in the same mann.r ms
z for notices of meetings in articl, "
In case OF dissolution or termination NJ ,,;s
barter sithef by Limitation or otherwise. its
mars shall be liquidated by three LIQUID, -
elected by the stockholders at oen.oai
neeung held as hereinabove provided for