The herald., 1916-12-21
CHARTER
IHARIEK
OF NATIONAL ADVERTISING COM

CHARTER
OF NATIONAL ADVERTISING COM
PANl, INC.
United States Of America, State OF Louisi-
ana, Parish Of Orleans.
BE 1t known, that this 18th day OF the
month OF October, in the year OF our Lord,
one thousand nine hundred and sixteen
tary public, duly commits stoned and quail
hcd IN and for the PARISH OF Orleans, State
Of Louisiana, aforesaid, therein residing, and
IN the presence Of the witnesses hereinafter
named and undersigned. personally came
and appeared The several parties whose
names hereunto subscribed, who sever
ally declared that, avalllng themselves Of
the laws OF the State Of Louisiana, in such
cases made and provided, they have cove
Hanted and agreed and do, by these pres
ents. covenant and agree and bind them
selves. as well as such other persons as may
hereafter become associated with them, to
form a corporation and body polite in law,
for the objects and purposes and under the
articles and stipulations following, to-wit:
shall be the National Advertising Com
pany, me-, and under its said corporate
name. It shall have power and authority to
have and TO enjoy corporate existence and
succession for the full term of ninety nine
(99) years from and after the date hereof;
10 contract, to sue and be sued, 10 make
and use corporate seal, and the same to
alter and break at pleasure; to hold. re-
pledge, real and personal property; TO issue
negotiable bonds and notes, or other evil
dences OF debt; 10 name and appoint such
managers, agents, directors and officers as
its business interests and conveniences may
require; and to make and establish, as
well alter and amend, from time to time,
such bylaws, rules and regulations for the
proper government OF the affairs of this
corporation may be necessary and proper.
Article 1.-THE domcie of this corpo-
ration shall be in the city OF New Orleans,
State of Louisiana, provided that with the
written consent of all directors, valid meet
ings of directors may be held without this
state, elsewhere within this state; and
all citations and other legal process shall
poration, and, in the event of his absence,
upon the secretary thereof, and in the alb
Sence of both of said officers, upon the vice
president Of this corporation.
Article llI.-The objects and purposes for
which this corporation is organized, and the
nature of the business to be carried on by
it are hereby declared to be:
To conduct general advertising business,
that is, to advertise in newspapers, maya
zines, pamphlets, books, or in any form
whatsoever; to secure contracts therefor
from the public at large; to prepare forms
OF advertisement for the various and sun
dry commercial and other business and ven
lures; and generally to do anything ger
maine, necessary, touching, concerning or
incidental TO the conduct of the business
and purposes herein contemplated and such
ton OF this nature and character.
Article lV:-The capital stock of this cor
Poration, is hereby fixed at the sum of FIVE
thousand s5,oo00O) dollars, divided into
and represented by fifty (5O) shares of stock,
OF the par value of hundred $4,000
dollars per share. Said stock shall be paid
for in cash, at such time and after such no.
tice to the subscribers as the board of direc.
tors may FIX, or the may be issued,
at not less than par, for labor done, for
services rendered for the said corporation
or property or rights actually received by
SAID corporation.
The amount TO which the capital stock NAV
be increased shall, at time, exceed the
sum of one hundred thousand (slOO,OOOOOJ
vided by Section of Act No 267 of the
General Assembly of the State Of Louisiana
for the year 1914.
This corporation shall be a going concern
ness when and as as fifty (5OG5) per
cent OF its capital stoke shall have been
subscribed, and twenty-five (259o) per cent
thereof shall have been paid for; all in
accordance with the requirements of Act No
967 of the General Assembly of the State
of Louisiana for the year 1914.
Article Vail the corporate powers of
said corporation shall be vested in and ex.
ercised by a board of directors composed of
not more than four "a, and not less than
three CD stockholders, the majority of whom.
sitting at any time shall constitute a quo
rum, said directors. to be elected nanually
in the year 1917. Each stakeholder shall
be entitled in person, or by written proxy,
to one vote for each share of the capital
stock held by him and standing in his name
on the books of the corporation, or he may
send his vote by letter, the signature TO
which must be acknowledged before no
tary public or other officer authorized to take
affdavits. All elections shall be held under
such rules and regulations may be de-
termined by the board of directors, after'l
legal notice of such election shall have been
given to each stakeholder by mail, sent 90
his last known address, or published in one \
OF the daily newspapers published in the
English language, in the city OF New Or
leans, at least fifteen days preceding such
election. The directors thus elected shall
continue in Office until their successors shall |
have been duly elected and qualified. No
failure to elect shall be regarded as a for, |
FIXTURE of this charter. Any vacancies oc.
curing IN such board of directors shall be I
hlled by the remaining directors for the I'M /
expired term, when a vacancy shall be con- /
sidered 10 exist at any time when the max
imum number of directoi, provided by this /
act OF Incorporation are not in Office and /
actually so serving. Said board of drec-
tors shall, at its first meeting, after its elec. /
ton, elect from among its members. a pres /
ident, one or more vice-presdents, a secre-
tary and treasurer, and a manager super
intendent II may combine the Office Of
secretary and treasurer into one, and may
even elect secretary who need not be a .
stakeholder or director
Article Vino stakeholder shall ever be .
held liable or responsible for the contracts
faults, debts, duties of this corporation,
nor shall any mere informality in its or. ,
ganzation have the effect of rendering this |
charter null or of exposing its stockholders /
to any liability beyond that every subscriber ,
TO the capital stock of this corporation, |
though not a holder, shall be personally liza.
bic to the creditors of this corporation to an .
amount equal TO the unpaid balance on the |
stock. for which he has subscribed
Article VII-This act of Incorporation NAV
be changed, modified or altered, or this cor
poration may be dissolved with the assent T.
Of the stockholders owning two-thirds of the !
issued stock of this corporation, or may be
further modified with the assent of the stock
holders owning three fourths of the issued .
stock OF this corporation, or as is provided |
by Act No. 267 Of the General Assembly of |
the State of Louisiana for the year 1914 at