The herald. [volume] (New Orleans, La.) 1905-1953, 1917-05-31

! A y
! n~,a,,.' SIC of louisiana, duly comm $
,,o.rcd. s-uu and qualified, and IN ing
rrr,er.c ri the witnesses neTeIHdi-1I -
! and undersigned, personally came anu 'P
! TIe parties whose names are undersigned,
Nh, did declare ihIt avalilHg then'sS''cs VI
/ th,. provisions Of the laws OF I"lS $40
A rriatiye 10 the organization OF I3LPJt dl'It.S
y - e.rer.slly Of the provisions Of Nct 70.
! 5,- ra-~rd Nv the general assembly OF tiS
/ -. J.,-,-Ig fhr wear 1914, the laws amend
ell thereby, and the Laws eNl'Hms ~ , .,i!'
| So. other than the said Act loI OF TIA
! .Lry have cpvcuau,ed and agreed, and DO by
! these present, covenant, agree ana OI.iG i
! themselves. their successors. their hC'I' anu
/ ...,,ns and form themselves INTO ana CON
! .,l,,I,e themselves and their successors
, cs-porariDn for the objects and purposes
! following, to-wl': $3.50, . -.
| Ar,,yle The name and title Of this cor,
P'r4'lon shall De md N 1SJc- SAID de- cSrp,rate
| me. = shall have all the powers and at
! .l,-ity granted BY the laws o: TINS state
! and not expressly withheld from CORPORA
Article 1.-THE objects and purposes Q.
| ,h,, cooperation are declared, generally 10
! oc ,hc conducting Of general ln'1 ~ d ne.
Bl,rnr-s, as Agent General agent ID oN..
,~ Mandatory 81 any Insurance Companies
! ,r.,rrt.rt under the laws Dt TINS or any
IotU,r State, and all other business c'Hne~'eI
/ herewith. growing ont o. ana Necessary
..r the said object, and purposes, ana III
-, doing the ,lid corporation shall have
p.qrr :, purchase. real, personal 'T NIKE j
/ ,.r.rrr.v nj all kinds, and The same u A''d
/ ~ their convenience.
! Ar.t,'e III.-Thc present amount Of capita,
! >.-unm j.r,.-s divided into nifty 500
/ SHIRE, u the par value u one hundred
! ,.rHuD dollar, each, and ceriin'a;c' l''
7 s.'l IA ..l my. III. IN cash or p.bp-
/ '...-l,,, =, law
., ,,,:.r Oh.
present capita! MA! De in,.v",GH tts,s,,.',.,
/ declared L. DE 10y ~ $3.50 - ~
! dollars 70 ne 'St''>c.'.,N ~ 1',.,.i., I
/ ~t.,h ny ne pas ''..'N "a
lSlHoVN d'i!t's.
I AL u the stock Of 'a,- corporation |, -
:. .,r common stock. and this corporate" shall
/ commence cuisines, as u.N provided by law.
! Bach -rt-e If stock >lt. cH;tic me holder
~9uaIly or oy written proxy. and each ,r1c.
i14,.I share shall cn'l.Ic the inside ,'e.g't
% such fractional part Of one vote a. =
| represented by ms fractional. share OF stock.
/ A~tre.c IN.-Ihr said stock shall only @e
! partially or coull:loualiy negotiable, II beng
/ = -,ri,,i5u precedent, and the cori,uon
| uuic. which the stock Of this C'rppfatl"u .
subscribed that up-c %: the stock present. y
! shall be susceptible of being negotiated
pledged, pawucd or mortgaecd nor sh4" OF
can any nights he acquired under any pledge
pawn. mortgage or hypothrcd;ipu D. such
! stock excepting. hr,,. such pledge. pawn
mortgage or hyppthcca:lpu be submitted Il
the Stockholders ot tins corporation IN meet
ing assembled upon special call Tor mat
purpose, and At which said meeting a MAJOR
llty OF the ,:ochhndcrs shall vote tayorl5.y
.Ec-cupon. and specially authorize such ne
gotiatior. pledge, pawn or mortgage The
whole to be evidenced by duly certiHe,
copy OF the minutes Of the said meeting
bearing the seal Of this corporation.
That the said stock shall only be par
TALLY or conditionally the subject Of sal,
and transfer. and no stock presently sUO
Scribed for or issued, or hereafter SUBSCRIBED
Tor or issued shall be the subject oi sale
or transfer, except solely after the sub
,criber or owner shall FIRST have offered lot
| sale 70 the stockholders and owners ther
holding and owning the balance NJ the STOCK
Of this corporation. the stock which the salc
subscriber owner desires to sell, such
offering 10 be in writing, and Tor tern
n OF thirty DAYS, addressed 10 this corpora
n ton and to the stockholders OF record upon
the stock ledger or stock books and records
II II IS further conditioned as condition
II precedent that the offering for sale OF sue.
M stock shall be at a price not exceeding The
n book value OF such stock shown by the
| books OF the corporation at the next pre-
ceding annual meeting; az which price, and
for said term any or all of the existing
stockholders in this corporation shall be en-
titled I, purchase the whole or a proportional
portion thereof, 50 offered within the sand
term OF 30 days.
This provision and condition as to sale
transfer, resale re-tranSfer, mortgage, loan
pawn, pledge or hypotheca;ion is agreed L
by all subscribers to this corporation, OF
,Reir own behalf. that Of their heir, ant
assigns, and is accepted by them a ma
terial provision and condition Of the sub
scription 10 stock in this corporation.
Article N.-The domicile OF this corpora
ton shall be in the City OF New Orleans
State of Louisiana, and all citation or othe
legal process shall be served on the preSl
| dent Of this corporation, other officer o
agent now authorized by law 10 receive
service.
II Article VI-This corporation shall exis
dated prior thereto provided by law:
III Article V1I.-An corporate powers OF TN
corporation shall be exercised by and thr1ug,
board of directors, to be composed Of no
| less than three, nor more than fifteen stock
holders; which said directors shall have tn
right to vote in person or by written proxy
i | The officers of the said board shall be
/ president a vice resident, a second vice
i not morethan one of the said officers ma
not more than on DEF the said officers ma
be held by any one member OF the board.
The corporate powers shall also be exc
| cised by the officers Of this corporation, |
i accordance with general laws OF this STATE
= and the bylaws of this corporation
The officers for the ensuing year are de
clared to be: Edward \. O,Beirne, pres
\ vice president, Atlanta, Ga; Clifford Loci
y ridge, second vice-presdent, Atlanta, Ga
Ernest V. Wiley, secretary, 1908 CarOndel,
Street, New Orleans, La; Henry Lyon, trea
urer, 100 Hibernia Bank Building, New o
leans, La.
Ill The said officers shall act until the
successors are elected, and elections of sa