The herald. [volume] (New Orleans, La.) 1905-1953, 1916-03-02

| This corporation shall become a going con-
Germ and be authorized to do business when
| the full amount of its capital stock shall have
been subscribed and paid for.
| Inc amount 10 which the capital stock of
TINS corporation may be increased shall be
| the sum of S2S,000.O0.
| The stock Of this corporation shall be trans.
| ierred IN writing only and on the books of
| the cmopany. No stock, however shall be
| transferred on the books nor shall any stock
holder have the right to sell his stock until
| ana unless he has first offered the stock for
| SAFE to the company at the book value there
| OF, and the company shall have the right for
| ten days within which 10 decide whether il
| shall purchase the stock or not. II the COM
pany should decide to purchase the stock,
| then each OF the stockholders of the cmopany
at the time shall have the right TO paftici.
pate IN the purchase to the extent of the pro-
portion of his holdings in the company.
| Article V.-All the corporate powers of said
| corporation shall be vested in and exercised
| Oy a board OF directors, composed OF three
| STOCKHOLDERS, majority of whom shall, al
| any time, constitute quorum; said directors
shall be elected annually by ballot on the
second Saturday in January in each year
except the first board appointed in this char
| ter, who shall hold their offices until the sec
ond Saturday in January, 1917.
| Each stakeholder shall be entitled in person
or by proxy to one vote for each share of
| cast shall elect.
! Notice of election shall be given by the
| secretary-treasurer of the company by writ.
ten notice thereof. delivered personally or by
| dressed TO each stakeholder at least fifteen
| QS) days preceding such meeting.
Any vacancy occurring among the direc-
| tors shall be filled by the remaining direc.
tors Tor the unexpired term. failure to
| elect directors, above specified, shall not
| De regarded as a forfeiture of this charter,
| but the directors then in office shall remain
IN once until their successors are elected and
| qualified.
The board OF directors shall elect from their
| own number president and vice president
| and a secretary-treasurer. They shall have
| the power and authority TO appoint and dis
miss such clerks, managers and other en-
pioyees OF the corporation as in their judg
| ment may be deemed necessary, and TO nix
| and define the duties of every officer and
| employee.
The board may make and establish, as we'll
| as alter and amend any and all bylaws
| rules and regulations necessary and proper
| IN ITS Judgment for the conduct, supper, and
management of the business and affairs of
| said corporation. At all meetings of the
| directors, each director shall have the right
| to appoint proxy TO set in his place and
| stead.
/ The board OF directors shall have full power
and authority to borrow money, TO execute
| mortgages and 10 create liens; to issue bonds
| notes and other obligations, and generally 20
| do all things reasonable, convenient and nee
essary for the proper carryig on of the bust.
| ''NSS VI Ait wi puidAIOA.
The board may issue full paid shares of
| stock for cash or in payment of labor done
or property actually received by said corpo-
| ration.
| Article VI-This charter may be modified
| changed or altered the said corporation
| may be dissolved, or the capital stock may
| be altered in accordance with law at a meet
| ing Of the stockholders called for the pur-
| pose. after fifteen days written notice of the
| meeting has been given to each stakeholder
| delivered TO him personally or through mail
| at the post office address designated by him
| in writing.
Article VII.-Whenever this corporatic,i
may be dissolved, either by limitation or
| from any other cause, its affairs shall be
| liquidated by three commissioners 10 be pa
| pointed from amongst the stockholders at a
! general meeting of the stockholders convened
for such purpose, OF which meeting notice
| shall be given in the manner and time pro-
| vided for stockholders meetings by Article
vi of this charter, and two-thirds in amount
of the capital stock shall be requisite to
elect. Said commissioners shall remain in
office until the affairs of the corporation shall
have been fully liquidated; and, in case of
death of one or more of said commits sioners,
the vacancy shall be filled by the surviving
Article VIii.-No stockholder shall ever be
held liable or responsible for the contracts,
| faults or debts of said corporation in any
further sum than the unpaid balance due the
corporation on shares of stock owned by him
nor shall any mere informality in organiza-
ton have the effect Of rendering this char
ter null or of exposing a stakeholder to any
liability beyond the unpaid amount remain
Article IX.-Jules We'll, New Orleans, La,
Joseph NJ. Seiferth, New Orleans, La, and
been chosen and selected as the first board of
directors of this corporation, with the said
Jules We'll, New Orleans, La, as president,
Joseph NJ. Seiferth, New Orleans, La, as
vice president, and Horace +. Tavares, New
Orleans, La, as secretary-treasurer TO serve
as such until the second Saturday in Janu-
airy 1917 or until their successors shall have
been elected and qualified.
The subscribers heerto have respectively
written opposite their names the amount of
| stock in this corporation subscribed for by
each of them, so that this act of Incorporation
may also serve as the original subscription
list of said corporation.
Thus done and passed at my Office in the
city of New Orleans, in the presence OF
more, competent witnesses, of lawful age,
both of this city, who hereunto sign their
names, together with the said appearers and
me, notary, the day, month and year
hereinfrst above written, after due reading
of the whole.
Original signed: Jules We'll. New Orleans,
e shares, $4,000; J. N NJ r, SeifeTth, New Or.
Orleans, shares, $4,000. Witnesses: Eu-
AL. c. HAMMER, Not. Pub.
in and for the Parish of Orleans, State of
Louisiana, do hereby certify that the above
and foregoing act of incorporation of the
recorded in my office. in book ll9S. folio 100
New Orleans, February "A, 1916.
(Signed) EMILE J. LEONARD, by. r:
l, the undersigned notary public, do hereby
certify that the above and foregoing is true
and correct copy of the original act of incor-
poration of the Jules We'll Co., 1nc.,s on file
and on record in my Office, together with the
;Ss-. of the deputy recorder of mort
| Witness my hand and seal this 18th day
| of February, 1916.
(SeaD AL. c. HAMMER,
| (Stamp) Not. Pub.
| Feb II a march 2 9 10 q