The herald., 1915-04-01

lis interests may require and to make and
establish such bylaws, rules and regulations
for the proper management and control OF
the affairs Of the said corporation as may be
deemed necessary and proper by the Board OF
Directors: and the same 10 alter and amend
at pleasure.
shall be in the City Of New Orleans, State OF
Louisiana, and all citations and other legal
process shall he served on the President, and
in his absence. on the secretary treasurer OF
said corporation.
Article III.-The objects and purposes Of
this corporation. ard the nature OF the bust
ness to be carried on by 1t are hereby de.
cared to be: To carry on the business OF
agents and brokers; TO buy or sell on commits
sion for account Of manufacturers, whole
salerS, retailers and OF other persons; to act
a. agents for any and all persons having
goods wares merchandise, or other articles
10 sell or wishing TO buy same; 10 carry on
a general commission, agency and brokerage
business. and generally to do and perform
each and every other act and thing necessary
and incident 10 the carrying on OF such bust
ness.
Article IV.-Thc capital stock of this cor
porati0n is hereby hNcd at the sum OF i've
thousand dollars tS5,OOOO to be represented
BY one thousand 1000 shares OF the par
value Of five dollars $500 each, and two
thousand tive hundred dollars CS2,S0OO OF
said capital stock shall be subscribed 10 be-
fore the corporation shall be going concern
and commence TO do business. And this cor
poration shall have the right according to law
10 increase its said capital stock to nifty
thousand dollars tS50OODOO). All shares OF
stock shall be paid Tor III cash, property re.
Cclyrd OF labor or service performed, and
must be fully paid before the issuance OF the
certificates therefor, and shall be non assess
able: provided, that the Board Of Directors
shall have the right to issue said stock tor
notes. on terms OF payment. said stock shall
be represented by stock certificates, transfer
able only on the books OF the corporation, on
surrender Of the outstanding certificate, or
proof Of loss thereof and under such rules as
the Board OF Directors may provide.
Article N.-lhe business OF this corporation
and the corporate powers OF same shall be
conducted by and vested IN Board OF Dlrec-
tors composed OF not less than three nor more
than nine stockholders who shall be elected
bv majority OF the stockholders on the
first Monday OF January of each year. In the
event that said day shall fall on dies non,
then said election and meeting shall be held
on the next judicial day thereafter. Election
of directors and meetings of stockholders shall
be held at the dOmCIlc Of the corporation after
at least fifteen days notice IN writing shall
have been given to each stakeholder by mail
according to law. Each share of stock shall
be entitled to one vote by the owner thereof
or his agent thereto duly authorized accord
ing to law, and there shall be no cumulative
voting by stockholders Three members of the
Board of Directors shall constitute a quorum.
The Board Of Directors shall select from its
number a President, Vice President and a
Secretary Treasurer, at its FIRST meeting after
its election. Any vacancy occurring among
the Board of Directors or officers shall be
filed by the Board of Directors. Until the
first Monday OF January, 1915, the following
shall be and constitute the Board OF Directors,
and shall, at their hrSt meeting to be held
within ten days after Incorporation, elect the
above officers from among their number, to-
wit: Carl SOmmer Larsen, SOIL Prytania St,
New Orleans, La; Edward A. Nichols, 424
Audubon Bldg. New Orleans, La; Henry
Wirth. 654 " St Patrick St, New Orleans,
I Il NPyU
La, and they shall hold office such until
the first Monday in January, 1916, or until
their successors are duly elected and quail
fed.
Article Who stakeholder shall ever be
held liable for any greater amount than the
unpaid balance of his stock subscription, nor
shall any informality in the organization in
crease his liability.
be changed, altered modified, by vote of
two-thirds of all its stock at a regular meet
ing of the stockholders of said corporation
held according to law. And this corporation
may be dissolved according TO the provisions
of section % of Act 267 of 1914, of the General
Assembly of the State of Louisiana. When
ever this corporation is dissolved its affairs
shall be liquidated by three llquldators
elected by the stockholders at the general
annual meeting of stockholders or at a special
meeting called for that purpose according to
law. In case of death or inability to act on
the part of one of said liqudators, or two of
TO act and liqudate the affairs of said cor.
poration. Thus done and passed at the City
of New Orleans, State OF louisiana, on the
day and date hereinabove first written and in
the presence of Messrs. Theodore Roehl and
Milton f. Schaefer, competent witnesses, who
have signed these presents with the said ap-
pears and me, notary, after due reading of the
whole. CThe original is signed) Sommer Lar
sen, SOIL Prytania, ST., lbs shares at IS each {;
f. A. Nichols, 424 Audubon Bldg. rs shares
Henry Wirth, ga y. ST. Patrick, l25 shares
V. Knuth, 1881 Pine St, Us shares. Witnes-
SEES, Theodore Roehl, NJ. f. Schaefer.
PIERRE ID. OLIVIER, Not Pub.
/. the undersigned, recorder of mortgages, in
and for the Parish of Orleans, do hereby GER
tify that the above and foregoing act of in
corporation, of the So. Com. Inf and Sales
Co., Inc, was this day duly recorded in my
office in Book 1l57, folio 10.
(SeaD (Signed) EMILE J. LEONARD, D. R.
A true copy of the original on file and of
record in my office. New Orleans, La, Feb
ruary 25rd, 1915.
(SeaD (Signed PIERRE d. OLIVIER
Notary Public.
Feb IS. Mch. 4-ll-1s-lS Apr.