The herald. [volume] (New Orleans, La.) 1905-1953, 1917-01-18

ownership in and 20 all Of the stock in trade
forming part OF or in any manner connected
with the auction and storage business here
tofore carried on under the name of the
"Derbes 4 Maurin Auction & Storage CO.
but in truth and in fact belonging solely and
only TO Albert Maurin. the said Stephens ].
Derbes now present hereby solemnly declar-
ing that his used in said business
for business reasons only, and without his
having any interest, right or title whatso-
ever III said business or IN the stock in
trade carried under said name of THE
DerbeS & Maurin Auction & Storage Co.,
the said Stephens !. Derbes hereby expressly
dlsclaiming any rights whatsoever IN the
assets and credits Of said aforenamed
and vested in Albert Maurin, which stock
and merchandise consists of all kinds OF
household furniture and goods the whole
"a. now contained in premises 400 Camp
street i'm this city, all of which movable
property, household furniture and stock in
trade and cash on hand forming part OF
said business IS fully worth the sum OF tour
thousand six hundred dollars, and is hereby
appraised by the directors and parties in in
tereSt in this charter. 10 the sum of four
thousand six hundred dollars, in the manner
following to-wit: Parlor sets, bed room sets,
dining room sets, all forming part of the
stock herenbefore referred to, valued at
SSO0S5; Dressers, wardrobes, ETC. all form
ing part of the stock hereinbefore referred
10, valued at %2S50; One lot of chairs and
rockers, OF the same stock, valued at $625,S0;
Iron bed steads and other beds, of the same
stock, valued S55l.7S; Mattresses and sun
dries. of the same stock, valued at S4lSO;
valued at 1852; office fixtures, Office furni-
ture and improvements. Sl,l25OO; Cash on
hand. Slsl.5O; total appraised value of stock
surrendered by a. Maurin $4,000
Article V-The transfer herein made by
Albert Maurin and accepted by this cor.
poration i'll full settlement of one hundred
and eighty four shares of stock subscribed
to by the said Albert Maurin, is made
III Z. ..1.
erty and with full substitution and subro-
CATION in and to all the rights and actions
of warranty which the said Albert haurin
has may have against all preceding own
and vendors.
Article Who transfer of stock shall be
binding upon this corporation unless same
appears on the books thereof, and no stock
holder shall have the right to assign or
transfer any share held by him., unless he
shall have first offered same, in writing,
to the board of directors, which Will have
the right to purchase same for not less than
par value, and such shares of stock SO &C.
quired by the corporation, may be re-issued
at not less than par value.
Article VII.-The charter of this corpora
ttion may be amended by the vote of two
thirds Of all its stock, at meeting OF the
stockholders duly called for the purpose; the
capital stock may be increased by the vote
ing OF the stockholders duly called for that
purpose. Each share Of stock shall be en-
titled to one vote which vote may be cast
by the stakeholder or by his agent or proxy,
which proxy or agency may be evidenced by
letter or other written document.
Article NIII.-The corporate powers OF
this corporation shall be vested in board
Of directors to be composed of not less than
three directors. to be elected by stockhold-
ers at a general meeting 10 be held on the
second Monday of January in each year.
No stakeholder of this corporation shall be
eligible as a director unless he owns in his
own name full paid and unpledged, at least
three shares Of the capital stock OF this cor
poration.
Articls IX.-The board of directors shall
have power to make all bylaws, rules and
regulations necessary for the conduct OF me
business affairs of said corporation; shall
elect from their number president, sec
rotary and treasurer.
Article X-This corporation shall have the
power to sue and be sued in its corporate
name to make and use a common seal, ana
TO alter same at pleasure, TO acquire property
real and personal by grant, gift. purchase;
and 70 devise or bequeath, TO lease, hold and
dispose of and to mortgage and pledge the
same and to appoint such officers and agents
as the business Of tie corporation may re-
uuire and to fix their compensation, 10 make
bv-laws fixing or altering the management
Of its property, the regulations and manage
ment Of its affairs and the manner OF the
certi6caton and registration OF us STOCK, 10
conduct business in this state ana other
states of this union and TO do and perform
/ ali manner of contracts and transact all
| manner of business which may be connected
/ with incidental or germane to, the purposes
| for which this corporation is Organized.
| Article XI-Until the election to be held
| as hereinabove provided, the following snail
| constitute the first board Of directors, VINO
| shall hold office until their successors shall
| have been elected and duly quaiihed.
Signed: Albert Maurin, 1855 n: Villere ST.
! Y O: Leon Pellat, 1867 n. VineTe St, n.
| O.. STEPHENS J. Derbes, i4l4 Kerlerec ST.
n O.. with Albert Maurin as president
Leon Pellat as treasurer and stephens J.
| Derbes as secretary.
! Tins done and passed, at the ny Of
New Orleans, on the day. month and yea
herein first above written, IN the presenS'
| az Nessieurs p L. Fourehy and NJ A. Yer
lander competent witnesses, VINO nave mere
unto signed their names with the sara aP
bearers. and me, notary, after reading
the whole. ,o, -,
Original signed; A. Maurin, 1874 shares; l.
pellaf, IL shares; Stephens J. Derbes,
| shares. p. l.. Fourchy, NJ. A. Verlander
/. the undersigned recorder OF mortgages y
and for the parish Of Orleans state OF Low
;siana. do hereby certify that the above an
foregoing act Of incorporation or the DeTpe
! Auction & Storage Company. Inc, was I'm
dav duly recorded in my Office IN book lo
: folio -. New Orleans. Jan. IS, 1917.
(Signed) EMILE J. LEONARD, Dep. Ke
""' SIDNEY F. GAUTIER.
o Notary Public.