The herald. [volume] (New Orleans, La.) 1905-1953, 1916-08-31

- p.
| Roger MeuuIer, notary public, duly Gem
| wis>oned and qualified, in and for the CITY
! OF New Orleans, aud Parish OF Orleans and
| IN the presence Of the witnesses hereinafter
named and undersi gned, personally came and
appeared: Miss Esther Marxen Messrs I
| HEM PetetIn and l.. Henry Baudean. all Of
| iul age Of majority and residents OF the city
| Of New Orleans, who Severally declared that
| avaIlIng themselves OF the laws of the State
| OF Louisiana, and particularly of the provi.
SONS Of Act No. 20 Of the General Assembly
| 81 1914 relative to the formation OF corpO-
ratIonS, they have COvenanted and agreed
and by these presents covenant and agree
| Tor themselves and their successors and as
signs, TO form themselves into a corporation
and body polite, for the objects and pur-
| poses, and under the stipulatIons following
tO-wlt:
Article The name and title OF this cor
poration shall be "Petetin. Baudean Inc"
Article 1.-The purposes and objects for
winch this corporation Is organized, and the
nature OF the business TO be carried by
IT, are stated and declared to be as follows
The manufacturing dealing in. buying and
selling Of stationery supplies and printed ma
ierIals; building and operating plants and
equipping factories and plants with proper
machinery and incidentals for the proDer
conduct OF said business, and generally to do
and engage in any other business, engage
ment or enterprise connected with or growing
out, or which IS germane or incidental to any
Of the objects and purposes hereinabove set
Article III.-The capital stock of this cor
poratIOn Is hereby fixed at the sum OF five
thousand dollars (S5,UOU0. divided into fifty
shares OF the par value OF one hundred dol.
lars each, 10 be paid for in cash, or its edui-
valent in labor or property. This corpora
ton shall be going concern soon as fifty
per centum OF said capital stock shall have
Oeen subscribed tor and fifty per centum
Of the amount so subscribed actually paid for
All transfers of stock shall be made on the
books OF the corporation by the surrender Of
the original certificate, properly endorsed for
vor said stock is issued, or by his duly au.
thorized agent.
None of the stockholders shall have the
right 70 transfer or assign any of the shares
held by any of them, without first having
offered the same TO the board of directors
which shall have the right to purchase them
for the benefit of the corporation within five
days thereafter at their book value as shown
by the Stoc ktaking last preceding the trans
Ter All shares purchased by the corpora
ton may be reissued by it at not less than
their par value.
Article IV.-The capital stock of this cor
pordtlon may, on complying with all requis-
ltes OF the law he increased to the sum of
twenty-five thousand dollars.
Article V.-The domicile of this corpora
ton shall be N the city of New Orleans,
State OF Louisiana, where all citations or
other legal process shall be served on the
president, or in his absence, as the law d-
reefs.
Article VI.-This corporation shall have and
enjoy succession and duration for the period
OF ninety-nine years from the date hereof
Article NlI.-All corporate powers of this
corporation shall be vested in and exercised
by board OF directors. composed of three
stockholders, who shall be the bona fde own
er OF the stock standing in their names, and
which stock shall be unpledged and unen-
numbered by them; all of which directors
snail constitute quorum for the transaction
Of business.
Until the second Tuesday of January, 1917,
the following named persons shall constitute
the board Of directors of this corporation, to-
wit:
Mr.. J. Henri Petetin. whose business ad-
dress is No. OF Poydras street, and who
resides at 4S Audubon Boulevard, both in
New Orleans; Mr.. L. Henry Baudean, whose
business address is No. 627 Poydras street,
and who resides at No 2l70 Esplanade Ave,
both in the city of New orleans; and Miss
Esther Marker, whose business address is
No 62 POydras street, and who resides at No
40 Delaronde ST., both in New Orleans.
Thereafter, the board of directors shall be
COMPOSED Of stockholders, who shall be elected
January, 1917; any stakeholder shall be eli
gible to membership without regard to the
number of shares owned by him or her. All
elections shall be by ballot, and each stock
holder shall be entitled to one vote for each
share of stock standing in his or her name on
the books OF the corporation, the vote to be
cast IN person, or by proxy; il shall require
majority of stock present, or represented
to elect. Failure to elect board of direc-
tors on the second Tuesday in January 1917
or thereafter, shall not work forfeiture of
this. charter, but the old board of directors
shall remain in Office until their successors
are elected and qualified.
Article VIII.-The board of directors shall
hold regular meetings at the domicile of the
corporation, or, with the written consent of
an directors, elsewhere. within or without
the State OF louisiana, at such time as may
be fixed by. the bylaws of this corporation
Any vacancy occurring in the board of
directors, either from death, resignation, or
inability to serve, shall be filled by the
board of directors at its next regular meeting
after such vacancy shall have been brought
to its knowledge.
Article TX.-The officers of this CORPORA
ton shall consist of a president, a vice
president, a secretary and treasurer, which
may be held by one person. Until the cleo
ing named persons shall constitute the Off
GERS of this corporation: J. Henri Petetin,
as president; l.. Henry Baudean, as vice.
president; Miss Esther Marker, as secretary
treasurer.
Article X-This corporation shall have the
following powers:
(al To invest, as it does hereby invest.
the above named board OF directors with ali
corporate powers;
(b, TIC make and use common seal, and
To alter the same at pleasure;
(c) Tc have succession in its corporate name
f,r the time above specified
(el To acquire property by grant, Gift,
purchase, and to devise and bequest; to lease,
hold or dispose of, and TO mortgage and pledge
the same;
% To appoint such officers and agents as
the business of this corporation may require,
and to fix their compensation;
(g) To make bylaws, fixing or altering
the management of its property, the regula-
tion and government Of its affairs, and the
manner and certihcation OF stock;
(h) To wind up and dissolve itsef
ID To conduct business in this state or
other states, the Federal district and terri.
tories, and the possessions of the United
States and in foreign countries;
% To hold stock in other corporations;
aud the capital stock of this corporation may
be issued for the capital stock of other cor
poTations.
Article X.-This charter may be altered
or amended in any manner, including the in
crease or decrease Of its capital stock, and
the Affairs of the corporation wound up and
ner, and on complying with the existing
laws.
The incorporators hereof have placed oppo-
site their respective signatures the number
Of shares CT the capital stock which have re-
and considered as the original subscription
list Of this corporation, and which is to be
recorded as such.
And the said J. Henri Petetin, in payment
ard liquidation of his subscription for seven
& A. Il l. ~ 90 =