The herald. [volume] (New Orleans, La.) 1905-1953, 1917-03-01
CHAR
OF GEO NM. RUFF, INC.

J. A. WOODV1LLE, Notary Public.
march | Is p % april5
CHARTER
OF GEO. VIM. RCEFF, INC
United States of America, State OF LOUISIANA
Parish of Orleans, City OF New orleans.
BE il known. that on this 2lst day OF the
month Of February in the year 1917, before
me- Scott f. Beer, a notary public IN ana
for the parish Of Orleans, State OF LOUISIANA;
therein residing, duly sworn, commissioned
and qualified, and in the presence of the
witnesses hereinafter named and under-
signed: Personally came and appeared: ne
names who declared that, awaiting them
selves of the laws of the State OF LOUISIANA
relative to the organization OF corporations
they constitute themselves, their successors
and assigns a corporation under the sfipu-
lations hereinafter set out, which they adopt
as their charter, to-wit:
Article 1.-The name OF this corporation
shall be Geo VIM Rueff, Inc, and its period
and after the date hereof, and II shall nave
for the purposes of the business TO De car
ried on by 1t, all the powers CONFERRED 10y
exercise all the powers necessary TO carry on
the said business.
Article 1.-THE domjcile of this corpora
ton shall be in the city OF New orleans
State of Louisiana, and all citations ana
other legal process shall be served on the
president and in case of his absence or
inability to serve, upon any otcer OF ms
Article III-The objects and purposes for
which this corporation IS organized ana me
nature and character of the business 10 De
carried on by 1t are here declared 10 oe the
To carry on, operate and conduct general
! customhouse brokerage business IN all us
branches, and generally to 90 an ,, nrrmss
| of and connected Herewith.
Article IV.-The amount OF the capita
I r IL.
| to be Ten thousand dollars SlOOOO), which
| shall consist of one hundred shares tlOol OF
| the par value of one hundred dollars (slOCl
each; fifty per cent of the SAID capital STOCK
| shall be subscribed before the filing OF these
articles of Incorporation, and nifty per cent
of the said subscribed capital shall be PAID
! in before this corporation shall engage Ill
| business.
The remainder of tn, authorized capital
stock shall be paid for, when subscribed toT
at such times the board OF directors shall
| determine; and all stock shall be paid Tor IN
| full, either in cash. labor done for the ben
eft of this corporation. or in property aGtu-
ally received by this corporation. The
amount to which the capital stock of this
| corporation may be increased is hereoy hNeu
at the sum of S5O,OD.OO .
this company unless made upon the books
| of the company, and no sale or other disposal
of stock shall be valid unless hrst offered
| to the remaining stockholders Of this COM
pany for ten days at a price not IN excess
| of the book value Thereon on lne udtc VI
said offer; after which, if the said offer is
not accepted, the stock may be sold oy .tns
owner thereof at will. All stock acquired
in this corporation shall be subject TO the
provisions of this charter.
| Article Vail the powers of this corpo-
ration shall be vested in and the business
and affairs of this corporation shall be man
| aged by a board of directors composed OF
| four directors who may be elected annually
! at a meeting of the stockholders TO be held
on the first Thursday after January hrSt
the first board of directors shall serve for the
first year and until their successors are
duly elected and qualified
| The first board of directors shall be named
in this charter and shall consist OF the tol-
leans, La. George VIM. Ruef, r., New
Orleans. La; Alfred J. Badger, New Or
leans, La; Charles F. FlOtte, New Orleans,
La, and of the above named directors, the
following shall be the officers, to-wit:
Georges VIM. Rueff, ST., president, New or-
leans La; George VIM Rueff, IT,, secretary
treasurer New Orleans, La. All elections
shall be by ballot at the office OF the com
many under the supervision of two commits
sioners to be appointed by the board OF d.
rectors. Notice of such meeting shall be
given by the secretary IN writing delivered
to each stakeholder in person or mailed to
his last known address at least fifteen days
} prior to the date of the said meeting inns
notice may be waived by unanimous con-
sent Of the stockholders.
Al all such elections and at all meetings
of the stockholders, every stakeholder shall
be entitled to one vote tor each snare OF
stock standing in his name on the books o,
the corporation at the date OF such election
or meeting; said votes may be cast IN per
son or by proxy, the said proxy to be n
writing, and majority OF votes cast shall
elect.
The failure to elect directors at the annual
meeting shall not dissolve this corporation
nor impair its management IN any way, ou
the directors then in office shall remain 1T
, Office until their successors are elected ane
qualified
Each subsequent board of directors shall
elect as soon possible from their owr
number a president and a secretary treas
urer as the officers to manage the affairs o.
this corporation, and may grant TO the sac
officers such powers as they may deem
proper.
whatsoever cause shall be filled by. the re,
naming directors. Any member of the board
may appoint any stakeholder as has proxy
to act for him and in his place at any meet
Said corporation shall have the right &c
make and amend, by its board OF directors
/, bylaws, rules and regulations necessary anC
proper for the management OF this corpora
ton. Three shall constitute quorum fol
transaction of the business of the board.
Article VI.-This act of Incorporation may
!. be modified, changed, altered or AMENDED
or the said corporation may be dissolved
with the assent of two-thirds OF the capita
stock outstanding, at a meeting OF the stock
: holders convened for that purpose, ana aftei
! Utteen Gays Wrlttcn lloliSc p
son or at the last known address of eact
stakeholder. The said notice, as aforesaid
| may be waived, by the unanimous consent
of the stockholders. In case of dissolution
the affairs of this corporation shall be II
quidated by two commissioners elected by
the stockholders.
Article VII.-No stakeholder shall ever bs
held liable for the contracts or faults OF thi:
corporation in any further sum than the un
: paid balance due the corporation on IN:
! shares of stock owned by him; nor shall
any mere informality have the. effect of rem
, dering this charter null or of exposing thu
stockholders to any liability beyond The
balance due and unpaid on his stock:
r Article VIII.-The subscription of Geo
: VIM. Rueff. Sr., to this company for the sun
of $500 of the capital stock thereof. thai
this company by said George VIM. Rueff
y Sr, of certain books and fixtures owned b,
5 him and heretofore used in his custom hous,
brokerage business. together with the gooS