The herald. [volume] (New Orleans, La.) 1905-1953, 1916-09-28

4 ton snail be IN the city OF New Orleans,
| state OF Louisiana; and all citation and other
! legal process shall be served ON the prcsi-
! dent, and in case OF his absence or inability
| 10 act, upon the vicc-p president OF other 9th.
| Ger OF tins company.
! Article IIl.-The objects and purposes for
| which this corporation IS organized and the
nature of the business 10 be carried on by il
are hereby declared to be the following:
To buy and sell hides, iurs. skins and other
| articles OF merchandise well as to solicit
consignment, Of hides. skins, furS and other
articles Of merchandise, in New Orleans,
| State of Louisiana, and elsewhere: and gen
| orally TO do and perform any and all things
incidental to or appertainlng TO the afOTc-
said objects and purposes.
Article IN.-The amount Of the capital
stock OF this corporation is hereby declared
to be 1--WE thousand dollars (S5,OOOOO). which
shall consist Of fifty shares 500 of the par
value Of one hundred dollars (SlOOOW per
share; and fifty per cent of the said capital
stock shall be subscribed for before the
hling OF these articles of Incorporation; and
fifty per cent of said subscribed capital stock
shall be paid in before this corporation en-
cages in business.
The remainder Of the authorized capital
stock shall be paid for, when subscribed for,
at such times As the board Of directors shall
determine: and all stock shall be paid for
in full, either in cash, labor done for the
the benefit of the corporation, or property
actually received by this corporation.
The amount TO which the capital stock of
this corporation may be increased is fixed
al the sum OF SSO,GOOOO.
No transfer of stock shall be binding upon
this company unless made upon the books
of the company, and sale other dis
posal Of stock shall be valid unless first
offered to the remaining stockholders of this
company Tor ten days at a price not in eN-
cess OF the book value OF the said stock on
the date of the said offer, after which, IL
said offer is not accepted by any stakeholder,
the stock may be sold by the owner at will.
All stock acquired in the corporation shall
be subject to this provision OF the charter.
A M
ton shall be vested in and the business and
affairs of the corporation shall be managed
by a board Of three directors who shall be
elected annually at meeting of the stock
holders TO be held on the first Monday of
October each year; the first board of direc-
tors shall serve for the first year or until
and shall consist OF the following:
Alfred V. Beer New Orleans. La; Al
phonse J. Guma, New Orleans, La; Joseph
w. Beer New Orleans. La, and of the above
named board of directors, Alfred V. Beer
shall be president; Alphonse J. Guma shall
be vice-president; Joseph w. Beer shall be
secretary and treasurer. All elections shall
be by ballot at the office of the company
under the supervision of two commissioners
to be appointed by the board of directors
Notice OF such meeting shall be given by
the secretary in writing delivered 70 each
stakeholder in person mailed to his last
known address at least fifteen u5) days prior
to the date of such election, hut this notice
may be waived by unanimous consent Of all
the stockholders
At all such elections and at all meetings
Of the stockholders. every stakeholder shall
be entitled to one vote for each share of
stock standing in his name on the books of
the corporation at the date of such election
meeting; said votes may be cast in person
or by proxy, written, and majority Of votes
thus cast shall elect.
The failure to elect directors at the annual
meeting shall not dissolve this corporation
impair its management in any way, but
the directors then in Office shall remain in
office until their successors are elected and
qualified.
Each subsequent board shall elect as soon
possible from their own number a presi-
dent, a vce-president and secretary and
treasurer, and may grant to each such officer
such power they deem proper.
All vacancies the board for whatsoever
cause shall be filled by the remaining direc-
tors. Any member Of the board may appoint
any other director his proxy to act in his
place at any meeting of the board.
Said corporation shall have the right 20
purchase any business or businesses within
the objects and purposes OF this corporation
and to pay therefor such price as the board
of directors shall determine. The board of
directors may make and amend all bylaws,
rules, and regulations necessary and proper
for the management of this corporation.
Article Nl.-ThiS act of Incorporation may
be modified. changed, altered or amended,
or said corporation may be dissolved with
the assent OF two-thirds Of the capital stock
outstanding at meeting Of the stockholders
convened for that purpose and after fifteen
days notice has been delivered in person
or given by letter to the last known address
be waived by the unanimous consent of all
the stockholders.
In case of dissolution Of this corporation.
it's affairs shall be liquidated by two COM
missoners elected by the stockholders
Article VII.-No stakeholder shall ever be
held liable for the contracts or faults OF this
unpaid balance due to the corporation on the
shares owned by him; nor shall any mere
nformality have the effect Of rendering this
charter null or Of exposing any stockholder
to any liability beyond the balance due and
unpaid on his stock subscription.
The subscribers hereto have respectively
written opposite their names the amount OF
stock subscribed by them in this corpora.
ton, 50 that this act of Incorporation may
serve also as the original subscription list
of the corporation, and they have stated their
post Office addresses, all to conform 90 act
No. 267 of 1914
Thus done and passed at my Office in the
city Of New Orleans, State Of Louisiana, on
the day. month and year first hereinaboye
written, in the presence OF Messrs. jules Z:
witnesses, residents Of New Orleans, La,
Of full age Of majority, who hereunto sign
their with the said appearers and me,
notary, after a due reading Of the whole.
Names Of stockholders omitted
Witnesses: Jules f. Award, Rixford J.
Lincoln.
I, the undersigned recorder OF mortgages
in and for the parish Of Orleans, State Of
Louisiana, do hereby certify thar the above
and foregoing act of Incorporation Of the
! National Hide & Fur Co. Inc" was this.
day duly recorded in my offsce in book 1901,
(Signed). EMILE J. LEONARD, ID. R.
This is to certify that the above and fore
| going is true and correct copy of the orig
| inal charter Of the National Hide Fur
| Co, Inc, except the names of the subserib-
| ers thereto, and a copy Of the certificate
/ OF the recorder Of mortgages in and for the
/ parish OF Orleans thereunto affixed
| In faith whereof, / hereunto sign my name
| this 10Th day Of September, 1916.
| ~ SCOTT + RFER Not prb