The herald., 1917-03-08

natural person could do or exercise. and
which now or hereafter may be authorized
by law.
Article IV.-The capital stock of this cor.
poration Is now fixed at FIVE thousand dollars
(S5oOOOO, divided into fifty shares (50) of
the par value OF one hundred dollars per
share. Subscriptions OF stock shall be paid
for in cash, at such times and in such
amounts and with such notices TO the sub.
scribers as may be fixed by the board of
directors subject to the limitations IN this
regard now imposed by law. No stock GER
tihcate shall issue 20 any person until the
payment in full Of the shares subscribed for
by him.
The appearers here declared that they have
number of shares of the capital stock Of this
corporation, to-wit: Frank NJ. Kelly, 452s
Pry.ania ST., New Orleans, 10 shares; Mrs.
E. Nav Kelly, 452S Prytania St, New Or
s68 Isl Dene tgr Building, New orleans, share,
The said subscription of Frank NJ. Kelly
shall be fully paid for and settled by the
transfer by him to this corporation of all the
assets, property, business and good will of
the Ice Cream and Confectionery establish
ment conducted by him at Spanish Fort, New
Orleans; a detailed and itemized statement
and description of such property being here
to annexed, and the said property and good
will having been appraised by the directors
Of the present corporation at the values set
forth in said annexed memorandum
Article V.-All the powers of this corpora
ton shall be vested in and be exercised by
a board of directors. TO be composed Of three
stockholders, who shall be elected al stock
holders meeting, to be held for that purpose,
annually. on the second Monday of January,
| at the domcie OF the corporation. At its
| first meeting following election, the directors
| shall elect from their own number, for the
| term of one year, a president, vice-president
| and secretary-treasurer, who shall remain
in office until their successors have been
| duly elected and qualified, and who shall
Etrrh ifffT
| respectively, by the directors and as pro-
vided by the bylaws, rules and regulations
| TO be adopted for the operation OF this cor.
| poration. The first board of directors elected
| under this charter shall remain in Office until
| the second Monday in January, 1918, or until
their successors have been duly elected and
Article VI-The first board of directors Of
| this corporation shall be composed of Messrs
| Frank NJ. Kelly, 4528 Prytania St, New Or
leans; Harry d. Brown, Jacksonville, Flor:
Prytania St, New Orleans; with Frank NJ
Kelly, as president; Harry ID. Brown, vice
president, and Mrs. E. May Kelly, secretary
! treasurer; and these directors and officer:
| shall serve until the second Monday in Jan
uary, 1918, as aforementioned.
| Thus done and passed in my Office, at New
Orleans, the day, month and year hrst aoove
written. in presence of Messrs. Delvaille II
nesses, who have signed with the appearer:
and me, notary, after due reading.
Original signed: Frank NJ: Kelly, E
May Kelly, to autorize my wife, Frank M
Kelly; II. ID. Brown, Jos. A. Wisong.
| Witnesses: Delvaille II. Theard. Edward
Locascio.
| GUS. A. LLAMBIAS, Not Pub.
| l, the undersigned recorder of mortgage:
in and for the parish of Orleans, State o.
Louisiana, do hereby certify that the aboy,
and foregoing act of Incorporation of tn,
Kelly Concession Co., Inc, was this day
duly recorded in my office in book 1906
folio q New Orleans, January 20, 1917.
(signe0 EMILE J. LEONARD. by. r.
A true copy.
1