The herald., 1916-03-09

This corporation shall become a going con.
Germ and be authorized to do business when
| ,he iull amount Of its capital stock shall have
been subscribed and paid for
ne amount TO which the capital stock OF
ms corporation may be increased shall be
the sum of S2S,O0OOO
| Inc stock of this corporation shall be trans
| ierred IN writing only and on the books of
!he Cmopany No stock, however shall be
| transferred the books nor shall anv stock.
| holder have the right TO sell his stool until
dhI 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
| zen days within which 10 decide whether il
snail purchase the stock or not II the com.
pany should decide TO purchase the stock,
| then each OF the stockholders of the cmopany
nat INC I'm, I'M snail have the right to partici-
portion OF his holdings in the company
Article N.-All the corporate powers of said
corporation shall be vested in and exerCi sed
by board OF directors, composed OF three
Stockholders, a majority of whom shall. at
any time, constitute quorum; said directors
snail be elected annually by ballot on the
second second Saturday IN January in each year,
t eH'ept the hTst board appointed in this char
ond Saturday IN January, 1917
Zach stakeholder shall be entitled in person
, or by proxy to one vote for each share of
STOCK owned by him, and a majority of votes
cast shall elect.
secretary treasurer of the company by writ.
| ten notice thereof, delivered personally or by
9epoNiting same IN the post office, properly ad-
dressed TO each stakeholder at least fifteen
VS. days preceding such meeting.
Any vacancy occurring among the dircc.
| tors shall he filled by the remaining drec-
tors for the unexpired term. A failure to
eject directors, as above specified, shall not
ne regarded as forfeiture Of this charter,
| but the directors then in office shall remain
IN ottce until their successors are elected and
qualified.
The board Of directors shall elect from their
own number a president and vice president
and 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 iudg-
ment may De deemed necessary, and to INK
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 support 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 10 borrow money, to execute
mortgages and TO create liens: to issue bonds
notes and other obligations, and generally 10
do all things reasonable, convenient and nee
ness of the corporation.
The board may issue full paid shares OF
stock tor cash or in payment OF labor done
or property actually received by said corpo-
ration.
Article VI-This charter NAV be modified
changed or altered the said corporation
may be dissolved, or the capital stock NAV
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 through mail,
at the post office address designated by him
Article VII-Whenever this corporatio,,
may be dissolved, either by limitation or
from any other cause, its affairs shall be
hquidated by three commissioners TO be pa
pointed from amongst the stockholders at a
general meeting OF the stockholders convened
tor such purpose, OF which meeting notice
shall be given in the manner and time pro
vlded 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 of said commissioners,
the vacancy shall be filled by the surviving
commissioners
Article VIII.-No stakeholder shall ever be
held liable or responsible for the contracts,
faults 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 stockholder TO any
liability beyond the unpaid amount remain
ing due his stock.
Article IX.-Jules We'll, New Orleans, La,
Joseph NJ. SeIferth, New Orleans, La, and
Horace +. Tavares, New Orleans, La, have
been chosen and selected as the first board Of
directors OF this corporation, with the said
Jules We'll, New Orleans, La, president,
Joseph NJ. Seiferth. New Orleans, La, as
vice president, and Horace F. Tavares, New
n-1a
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
Messrs. Eugene Thorpe and Francis Grisa-
more, competent witnesses, of lawful age,
both of this city, who hereunto sign their
names, together with the said appeaTers and
me, notary, on the day, month and year
hereinfrst above written, after due reading
of the whole.
Original signed: Jules We'll, New Orleans,
70 shares, $4,000; J. NJ. Seiferth, New Or
leans, % shares, 10000; II. F; Tavares, New
Orleans. 2 shares, $4,000. Witnesses: Eu-
AL c. HAMMER, Not. Pub.
l, the undersigned, recorder of mortgages,
in and for the Parish of Orleans, State of
Louisiana, do hereby certify that the above
and foregoing act of incorporation of the
Jules We'll Co.. Inc," was this day duly
recorded in my Office, in book 1875, folio 100.
New Orleans, February Il, 1916
(Signed} EMILE J. LEONARD, by. R
/, the undersigned notary public, do hereby
certify that the above and foregoing is a true
and correct copy of the original act of incor-
and on record in my Office, together with the
certificate of the deputy recorder of mort
cages thereto attached.
Witness my hand and seal this 18th day
of February, 1916.
(SeaD AL. c. HAMMER,
STAMP Not. Pub.
Feb II "a march ? l6 .