The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1917-03-31


state of Louisiana, and to engage n ,'s. nN;
conduct general feed and sales stabIa ana
undertaking business and automobile - ha
age and repository in the town of Don asvl-
sonvile parish of Ascension, state ~ Iaid-
isiana; to acquire, buy, purchase and a.l
real estate and all kinds of personal IVA
erty: to buy, own, sell and trade horses sss
mules, buggies, carriages and all kinds sl ~
vehicles of like character; to board =,
feed horses and mules to store autonah aaa
and all kinds of vehicles, and to ebsneS
therefor: to acquire and own hearses and sN
other articles and supplies necessary i, j. a.i
conduct of a general undertaking estah,;s ~ =.
ment and business to conduct funerals sns
Il generally to do and perform all such th;na
as might be necessary to carry on the hug;
4 ness of the corporation and to mako a.
and all contracts may be germans a. I
cidental to any of the objects and na ~
poses hereinabove set forth.
i ARTICLE FOUR
i The authorized capital stock of this q,
4 porstion is hereby fixed at five tbons ~.
1 dollars (S500Gl, divided into and reprsssas
| ed by two hundred t200) shares of the ~.
value of twenty-five dollars ts25) each
and shall be paid for in cash. or NAV ~
| issued at par in payment for property ~
rights actually transferred to the eornors.
| ton for services actually rendered IN
| corporation; said payments to be made -
| suck time and in such manner and install
| ments as the board of directors may draet
| The capital stock of this corporation NAV
4!
| into t4O0) shares of the par value OF fs25I
| each.
| The corporation shall be authorized /.
commence business and be going eoncarn
| as soon as fifty per cent of its authorized
| capltat stock shall have been subscribed ~
| paid for. and which said fifty per cent of
| said authorized capital stock amounting Il
| two thousand five hundred dollars, l$260a,
| is hereby subscribed and paid for by III
said appearer5 herein in the respective
| amounts set after their names and issued
| to them in full payment, transfer and NJ
| signment by them to the corporation Of tn.
| business, property. assets and good will Of
| the feed and sales stable and undertaking
| business and automobile storage and a.
| pository of Kahn & We'll. situated in In
| town of DonaidsonYille. state of Louisiana
as per detailed and itemiZed description Of
such property with the value as appraised
by the directors, and the value placed upon
the good will of the said business. which
is annexed to these articles of incorpora.
ton, and read in connection herewith and
made part hereof; twelve hundred and
twenty-five dollars ($l225) of said capital
stock, represented by forty nine shares Of
the par value of twenty-five dollars fs25
each, being issued to Alphonse Kahn in full
payment, transfer and assignment by him
to the corporation of his interest, right and
title in and to the business, property, as
sets and good will of the said firm Of Kahn
& Well, said interest amounting to forty
nine per cent thereof and therein, and being
valued at twelve hundred and twenty-five
dollars; twelve hundred and fifty dollars
(S1250] of said capital stock, represented
by fifty shares of the par value OF twenty
five dollars {S25) each, being issued to
Henry L. We'll in full payment, transfer and
assignment by him to the corporation OF
his rights. title and interest in and to the
business. property assets and good viii Of
the said firm of Kahn & Well said interest
amounting to fifty per cent thereof and
therein and being valued at twelve hun.
bred and fifty dollars. ts1250l; and twenty
five dollars t$25j OF said capital stock. rep
resented by one share of the par value Of
twenty fve dollars. being issued to William
Blumenthal in full payment transfer and
assignment by him to the corporation Of
his rights. title and interest in and to the
business, property. assets and good will VI
amounting to per cent thereof and there
in, and being vaeaed at twenty-five dollars
(s25).
No stakeholder shall have the right to
sell or transfer his stock in the corporation
without giving to the corporation, through
it's secretary treasurer. fifteen days prior
notice in writing of such intention, and the
stockholders shall have the first privilege
of purchasing said stock at the book value
thereof for period of fifteen days from and
after the date of said notice.
ARTICLE FIVE.
All the powers of the corporation shall BIZ
vested in and exercised by board of di-
rectors to be composed of three stockhelders
to be elected annually on the third Saturday
of February of each year, beginning in TIM
year 1918. A majority of the board shall
constitute a quorum for the transaction Of
any and all business of the corporation. All
such elections shall be made at the ofEss
Of the corporation and shall be by bAilot
under the supervision of a commissions to-
be appointed by the board OF direct0rs.
Notice of such elections shall be delivered
to each stakeholder in person. or by deposit
ing in the postoffice written notice thereof,
addressed to the stakeholder at his
last known address, at ieast fifteen days be-
fore tho date OF the holding of said election.
Other stockholders meetings may be held
when ordered by the board of directors or
when ordered by the holders of twenty-five
per cent of the outstanding capital stock Of
the corporation. At all elections and at all
meetings of the stockholders each stock
holder shall be entitled to vote for each
share of the capital stock standing in his u
name the books of the corporation, and
a majority of the votes cast shall elect.
Amy vacancy occurring among the directors
by death. resignation otherwise, shall be
filed for the renfssssnder of the term by the
other directors. A failure to elect directors III
on the date specified above shall not dis
solve the corporation nor impair its corporate
but the officers and directors
then in office shall continue and remain IN
yfRice until their successors are elected ana Il
qualified. The board of directors shall elect
from among their number, at their hrst
meeting after election. president, vice
PRESIDENT and a secretary treasurer all 81
whom shall be stockholders of the eorpora.
ion. The board of directors may from time
% time and appoint such managers,
Jerks. agents and other employees as they
nay deem necessary for the purposes and
business of the corporation, and hx their
They may also adopt as well
IS amend and alter at pleasure, bylaws.
ules and regulations necessary for the man
lgement of the business OF the corposatloh.
ARTICLE SIX
This act OF Incorporation may be modinea
II amended, or the corporation may be DIS
olved, with the assent of two-thirds OF the
apital stock at a meeting of the stock
,olders convened for that purpose after due
lotice as provided for the calling OF meet
ngs of stockholders for the election of d.
ectors and whenever the corporation IS
dissolved. either by law otherwise. ~
fairs shall be liquidated by one or Eaofe
iquidators who shall be elected from among
he stockholders at a general meeting %
nain in Office until the affairs of the eorp0.
alton shall have been fully liquidated, an. ana
ettled. In case of the death of or lnabHiE
f one of the liquidators to act. the remain.
ng liqudators shall continue to act ANY
hanges proposed@to be made in reference
o the objects and purposes of the corpora
ion or to the capital stock, shall be MADE ~
ccordance with the laws of the state 81
louisiana the subject
ARTICLE SEVEN.
No stakeholder shall ever be held liable
or the contracts torts of the corpof4,
alance due by him on the shares OF the
apital stock of the corporation owned py
i'm, nor shall any mere informally IN OF
anization have the effect of rendering this
harter null and void or of exposing stock,
older to any liability beyond the unpaia
alancs which may be due on his STOCK.
ARTICLE EIGHT.
Hhn fpltn inc tnak 5E