The herald. [volume] (New Orleans, La.) 1905-1953, 1917-02-08

accorded to corporations under the laws Of
this state. and particularly under ACT 1o|
of 1914 referred TO.
Article 1.-THE domicle of this corpora
ton shall be in the city of New Orleans;
State of Louisiana, where all citations and
other legal process shall be served upon the
president, and in his absence, upon the sec
rotary and upon the absence OF both the
aforenamed, citation and legal process shall
be served on the treasurer.
Article III-The objects and purposes for
which this corporation is organized and the
nature Of the business to be carried on by
II, hereby declared to be to engage in
the auction business and also the storage
business in all of its branches, and fur
thermore to buy, lease or otherwise
acquire such material and property as
may be necessary to properly carry on
and conduct said auction and storage bus
inesses, and the establishment Of stores,
OtHces, stOrehouses, as well as to buy, lease
and hypothecate property real and personal;
and generally to do all things necessary and
proper pertaining incident to the auction
and storage business in fully equipped
manner, including the power TO buy and sell
property Of all descriptions for its own use
and purposes we'll as TO act as agent for
others in such business in the purchase and
sale OF all sorts of property by action or PR
waite contracts or otherwise as occasion may
require.
Article IV.-The capital stock of this cor
poration is hereby declared to be the sum
Of five thousand dollars, divided into two
hundred shares OF the par value OF twenty
five dollars EACH and this corporation shall
be operative and 70 into business and become
: going concern, when two hundred shares
Of its capital stock shall have been subscribed
and paid for to.wit, at the execution OF these
presents, and IN the manner following, VIZ;
In cash settlement Of twelve shares. Leon
Pellat has paid three hundred dollars, IN
cash current money.
L. ce.tlerre-t Of four shares Stephen
J. Derbcs has paid one hundred dollars, in
c. Sh current money. And IN settlement
To- one hundred and eighty four shares, Al
bert Nauriu has and does by these pres
entS transfer, assign and deliver in full
ownership and payment for said one hun
| dred and eighty-four shares OF stock, unto
! this corporation, all OF his rights, title and
ownership in and TO all Of the stock IN trade
| forming part Of or in any manner connected
with the auction and storage business here
! toiore carried under the name OF the
| "DerbeS \ MaurIn Auction X Storage Co
but in truth and in fact belonging solely and
only to Albert Mdurln, the said stephens j.
| DerbeS now present hereby sOlemnly declaT'
! ing that his names was used in said business
| for business reasons only, and without ms
| having any interest, right or title whatso'
| ever in said business or IN the stock II
| trade carried on under said name OF The
] DcrbeS & Mlurin Auction Storage 60.
dsclaiming any rights whatsoever IN the
/ assets and credits of said aforenamed auc
| tion business, all Of which was truly owned
and vested in Albert Maurin, which STOCK
| and merchandise consists OF all kinds Of
| household furniture and goods, the whole
as now contained in premises 400 CAM
| street in this city, all OF which moyabl'
property, household furniture and stock II
| trade and cash on hand forming part o
| said business is fully worth the sum OF tou
thousand six hundred dollars. and is hereb,
| appraised by the directors and parties IN IN
| terest in this charter, to the of fou
LIT, z,x oil IN he m
| following to-wit: ParlOr sets, bed room sets
dining room sets, all forming part OF TIT
| stock hereinbefore referred to, valued
SSOOS5; DreSsers, wardrObes, etc, all form
ing part Of the stock hereinbefore referret
TO, valued at $3.50; One lot Of chairs ant
| rockers, of the same stock, alued at So%S'S
Iron bed steads and other beds, OF the sam
| stock valued S53l75; Mattresses and sun
! dries, of the same stock, valued at S4l5 90
| Electric light deposit, $3.50; Open accounts
valued at 1852; Office fixtures, office turni
ture ard improvements. sll25O0; Cash o
hand. SlSl.5O; total appraised value OF stoc
surrendered by A. Maurin $4,000.
Article V.-The transfer herein made b
Albert Maurin and accepted by this COZ
poration in full settlement of one hundre
and eighty four shares OF stock subscribe
to by the said Albert Maurin, is mad
with all legal warranty Of title to said PROF
| erty and with full substitution and subr(
CATION in and to all the rights and action
. OF warranty which the said Albert Maurl
:
, ers and vendors.
] Article Vino transfer of stock shall
; binding upon this corporation unless sam
, appears the books thereof, and no stocs
= holder shall have the right TO assign
D transfer any share held by him, unless
+ shall have first offered same, in writin
{ 20 the board of directors, which viii haH
S the right 10 purchase same for not less tina
j par value, and such shares of stock so a
quired by the corporation, may be REISSUE
n IL.
: Article VII.-The charter of this corpor
4 ttion may be amended by the vote OF wv
thirds OF all its stock, at a meeting OF Z
stockhOlders duly called for the PuTPTSs s I'll II
of three-fourths Of all its stock at NEE
j ing OF the stockholders duly called for tn
: purpose Each share Of stock shall be e.
titled to one vote which vote may De ca
: bv the stakeholder or by his agent or proX
s which proxy. or agency m7y be evidenced
letter or other written document.
: Article VIII-The corporate powers
c this corporation shall be vested in boa
II of directors to be composed OF not less m;
:. | three directors TO be elected by stockhol
= ers at general meeting to be held on L
II second Monday of January in each year
q No stockholder of this corporation shall
eligible as a director unless he owns IN n
own name, full paid and unpledged, at lea
l. three shares OF the capital stock OF this CO
poration.
? Article IX.-The board of directors shi
d have power to make all bylaws, rules al
o regulations necessary for the conduct OF
,r business affairs Of said corporation; sh;
E, elect from their number a president 81
It rotary and a treasurer.
X Article X-This corporation shall have I
y power 10 sue and be sued in its corpora
; name, TO make and use common SEAL
"a TO alter same at pleasure, to acquire proper
re real and personal by grant, gift. purcha
lie md 70 devise or bequeath, to lease, hold a
n dispose of and to mortgage and pledge
N same and to appoint such officers and ageI
as the business Of the corporation may
le ouire and to fix their compensation, TO ma
Of bylaws fixing or altering the maanageme
OF its property, the regulations ana manal
d ment Of its affairs and the manner OF
=, | certihcation and registration OF Its Stock,
:. conduct business in this state and OIL
II states of this union and TO do and perfo
~ all manner of contracts and transact
I, manner of business which may be connect
Te | with incidental or germane to, the purpo
h. for which this corporation is organized
Article XI-Until the election to be h
he as hereinabove provided, the following sh
~ constitute the first board of directors,
of shall hold office until their successors sn
~ have been elected and duly qualified.
ue Signed: Albert Maurin, i465 n; Villere
N o.: Leon Pellat, 1867 N. Villere ST.,
, 10: Stephens J. Derbes, l4l4 Kerlerec
IN O., with Albert Maurin as preside
Leon Pellat as treasurer and Stephens
Derbes as secretary.
Thus done and passed, at the City
IS; New Orleans, on the day, month ana
OF herein first above written, in the prese
We Of Messieurs p. L. Fourchy and NJ. a. '
ne lander. competent witnesses, who have M
as unto signed their names with the sald
OK bearers. and me, notary, after reading