The herald., 1917-02-22


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 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
II, are hereby declared to be TO engage IN
the auction business and also the storage
business in all OF its branches, and fur
thermore % buy, lease or otherwise
may be necessary 10 properly carry on
and conduct said auction and storage bus
Inesses, and the establishment OF stores,
Offices, storehouses, as well as TO buy, lease
and hypothecate property real and personal,
and generally 10 do all things necessary and
proper pertaining or incident 70 the auction
and storage business N fully equipped
manner, including the power 70 buy and sell
property Of all descriptions for its own use
and purposes well as 70 &C: agent for
others in such business in the purchase and
sale OF all sorts Il property by action or pr
va,e contracts or otherwise as occasion may
require.
Article IV.-The capital stock Of this cor
yoratlon IS hereby declared - be the sum
II hye thousand dollars, divided into TWO
hundred shares OF the par value OF twenty
i've dollars each, and th!s corporation shall!
Je operative and g. INTO business and become
going concern. when two hundred shares
)i rs capital stock shall have been subscribed
and paid for. t0-wit. At the execution OF these
presents. and in the manner following, viz:
In cash settlement Of twelve shares. Leon
pella: 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
:p- one hundred and eighty four shares, Al
bert Mau-in mas and does by these pres
crts transfer assign and deliver IN full
ownership and payment for said one hun
bred and eiglty-tOur shares OF stock, unto
this corporation, all Of his rights, tlte and
ownership in and 10 all IF the stock in trade
forming par. II or in any manner connected
with the auction and storage business here
,ofore carried on under the name OF the
"Dcrbes 4 Maurln Auction & Storage Co.
bu. in truth and in fact belonging solely and
only 70 Albert Maurin. the said Stephens J.
DerbeS now present hereby s0lemnly declar-
ing that his names was used IN said business
Tor business reasons only, and without his
having anv interest. right or title whatSO-
ever IN said business or the stock in
trade carried on under said name OF The
DcrbeS & Maurn Auction < Storage Co,
the said Stephens J. Derbes hereby expressly
diSClaiminE any rights whatsoever IN the
assets and credits Of said afOrenamed auc-
ton business. all 81 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 Camp
street in this city. all Of which movable
property, household furniture and stock IN
trade and cash on hand forming part o:
said business is 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 herenbefore referred 10, valued at
$500 IS: Dressers, wardrobes, etc, all form
TO, valued at S2S5O; One lot of chairs and
rockers, Of the same stock, valued al S62S,So
Iron bed steads and other beds, of the same
stock, valued S35l75; Mattresses and sun
Electric light deposit, $3.50; Open accounts,
valued at $3.50; office fixtures Office furnI-
ture and improvements. sl,l250; Cash on
hand, SlSl.3O; 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 in full settlement Of one hundred
and eighty four shares of stock subscribed
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 Maurin
has or may have against all preceding own
ers and vendors
Article VI "nsfeE OF stock shall DC
binding upon = corporation unless same
appears on the bovS. thereof, and no stock
holder shall have the right to assign OF
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 10 purchase same for not less thar
par value, and such shares of stock so &C
quired by the corporation, may be re-issuec
at not less than par value.
Article VII.-The charter Of this corpora
Il Il
thirds of all its stock. at meeting of IN
stockholders duly called for the purpose; th'
capital stock may be increased by the vot'
of three -fourths of all its stock al meet
purpose Each share of stock shall be en-
titled 20 one vote which vote may be cas-
| by the stakeholder or by his agent or proxy
which proxy or agency may be evidenced b!
letter or other written document.
| Article VIII.-The corporate powers o
of directors to be composed of not less thar
| three directors. to be elected by stockhold
| ers at a general meeting to be held on tn
second Monday Of JANUARY in each year.
| No stakeholder of this corporation shall b
| eligible as a director unless he owns IN hi
own name. full paid and unpledged, at leas
| three shares Of the capital stock OF this cor
| poration.
| Article IX-The board of directors shall
have power to make all bylaws, rules an
| regulations necessary lot Ulc CoHuuSb Va u.
| business affairs of said corporation; shall
elect from their number president, sec
| rotary and a treasurer.
| Article X.-This corporation shall have tn
| power to sue and be sued in its oorporat
| name, to make and use common seal, an
| TO alter same at pleasure, to acquire propert
| real and personal by grant, gift, purchase
| and 10 devise or bequeath, to lease, hold an
| dispose of and TO mortgage and pledge tn
| same and 10 appoint such officers and agent
as the business of the corporation may re
quire and 10 FIX their compensation, to max
Iby-laws fixing or altering the management
| Of its property, the regulations and manage
| ment of its affairs and the manner OF IN
ccrtihcation and registration OF its STOCK I
conduct business in this state and ethe
| states Of this union and TO do and perforl
all manner Of contracts and transact
manner of business which may be connecte
| with incidental or germane to, the purpose
for which this corporation is organized.
| Article XI.-Until the election to be hel
| as hereinabove provided, the following sha
constitute the first board of directors, VII
shall hold office until their successors sha
have been elected and duly qualified.
Signed: Albert Maurin, l46S n: Villere s,
In B.: Leon Pellat, 1867 N. Villere ST., J
10: Stephens ]. Derbes, l4l4 Kerlerec 81
y. O., With Albert Maurin as presiden
!, Leon Pelat as treasurer and Stephens
Derbes as Secretary.
Thus done and PASSED, at the City
New Orleans, the day, month and ye'
. herein first above written, in the presen'
of Messieurs P. L. Fourchy and N. A. We
! INTO signed their names with the said a
. bearers, and me, notary, after reading
the whole.
Original signed: A. Msurin, 1874 shares;