The herald., 1917-01-25

accorded to corporations under the laws OF
this state, and particularly under Act 267
of 1914 referred TO.
Article 1.-THE domicile 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
rotary and upon the absence of both the
atorenamed, citation and legal process shall
be served on the treasurer.
Article III.-The objects and purposes for
winch this corporation is organized and the
nature of the business to be carried on by
i, are 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
ofhGeS, storehouses, as well as to buy, lease
and hypotnecate property real and personal
and generally TO do all things necessary and
proper pertaining or incident to the auction
and storage business in a fully equipped
manner including the power 70 buy and sell
property OF all descriptions for its own use
and purposes as well to act as agent for
others IN such business in the purchase and
sale OF all sorts Of property by action or rri-
vate contracts or otherwise as occasion may
require.
Article IV.-The capital stock of this cor
poratiou IS hereby declared 70 be the sum
n i've thousand dollars, divided into two
hundred shares Of the par value Of twenty
five dollars each, and this corporation shall
be operative and g into business and become
a going concern, when two hundred shares
OF its capital stock shall have been subscribed
and paid Tor, to-wlt, at the execution of these
presents, and in the manner following, viz:
In cash settlement Of twelve shares. Leon
Pcllat has paid three hundred dollars, In
cash current money.
In cash settlement Of four shares, Stephen
J. DerbeS has paid one hundred dollars, in
cash current money. And in settlement
for one hundred and eighty four shares Al
bert Maurin has and does by these pres
en,S transfer, assign and deliver in full
ownership and payment for said one hun
| dred and cIghty-tour shares OF stock, unto
This corporation. all Of his rights, title and
ownership an and 10 all of the stock in trade
forming part OF or IN any manner connected
with the auction and storage business here
totore carried on under the name OF the
"DcrhcS Mdurin Auction < Storage Co"
but in truth and in fact belonging solely and
only 10 Albert Maurln, the said Stephens !.
DerbeS now present hereby Solemnly deCiar-
ing that his names was used in said business
Tor business reasons only, and without his
having any interest, right or title whatSo-
ever in said business the stock IN
trade carried under said name of The
DerDeS n Maurin Auction & Storage Co..
the said Stephens J. Derbes hereby expressly
dlScldmlng any rights whatsoever in the
assets and credits Of said aforenamed auc-
tion business. all Of which was truly owned
and merchandise consists of all kinds of
household furniture and goods, the whole
as now contained in premises 400 Camp
street in this city, all OF which movable
property household furniture and stock in
trade and cash hand forming part ot
| said business i fully worth the sum of four
thousand six hundred dollars. and is hereby
| appraised by the directors and parties in in
| tereSt in this charter. TO 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 hereinbefore referred to. valued at
| SSG0S5: Dressers, wardrobes. etc, all form
| ing part Of the stock hereubefore referred
| to, valued at S2S.5O; One lot of chairs and
| rockers, of the same stock, valued at S62S,S0;
| Iron bed Steads and other beds, OF the same
stock, valued $53l75; Mattresses and sun.
dries, of the same stock, valued al $4l5 90;
| Electric light deposit, $3.50; Open accounts,
valued at S3S2; office fixtures, Office furni-
ture and improvements Sl,l250O: Cash on
| hand. $751;. 30; total appraised value of stock
| surrendered by 4. Marin $4,000.
Article V.-The transfer herein made by
| Albert Maurin and accepted by this cor.
J poration in full settlement of one hundred
to by the said Albert Maurin, is made
with all legal warranty Of title to said prop
| erty and with full substitution and subro'
| CATION in and to all the rights and actions
| OF warranty which the said Albert Maurir
has may have against all preceding own
| ers and vendors.
Article Vino 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, az a meeting of the
capital stock may be increased by the vote
of three fourths of all its stock at meet
| 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 other written document.
Article VIII.-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 to be held 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.
Article IX-The board of directors shall
| have power to make all bylaws, rules and
| regulations necessary for the conduct OF the
! business affairs of said corporation; shall
elect from their number a president, sec
rotary and treasurer.
Article X-This corporation shall have the
power to and be sued in its corporate
name to make and common seal, and
TO alter same at pleasure, to acquire property
real and personal by grant. gift. purchase,
and to 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 the corporation may re-
quire and to FIX their compensation, to make
bylaws fixing or altering the management
of its property the regulations and manage
| ment of its affairs and the manner OF the
certihcation and registration of its stock, to
conduct business in this state and other
states of this union and TO do and perform
| all 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 shall
constitute the first board of directors, who
shall hold Office until their successors shall
have been elected and duly qualified.
Signed: Albert Maurin, 1465 n. Villere St:
| y. o.. Leon Pellat 1867 N. Vllere ST., N
| o.; Stephens J. Derbes, l4l4 Kerlerec ST.
" O.. with Albert Maurin as president
| Leon Pellat as treasurer and Stephens J.
| Derbes as secretary.
Thus done and passed, at the City Of
New Orleans, on the day, month and year
| herein first above written. in the presence
of Messieurs P. L. Fourchy and NJ. A. Yer
unto signed their names with the said ap.
| bearers, and me, notary, after reading oil
| the whole.
Original signed: A. Maurin, 1874 shares; l.