The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-14

United States of America, State of Louisi-
ana, Parish of Orleans, City of New
Orleans.
Be it known, That on this day. the Fifth
of the month of March, in the year of our
Lord one thousand nine hundred and
| eighteen; and Of the Independence of the
| United States of America, the one hundred
| and forty-second; before me, Bussiere Rouen,
| Notary Public in and for the Parish of
| Orleans. State of Louisiana, duly commits
stoned sworn and qualified, and in the pres
| ence of the witnesses hereinafter named and
| undersigned, personally came and appeared:
The parties whose names are undersigned,
who did declare that. ayailing themselves
| Of the provisions of the laws of this State
| relative to the organization of corporations,
and especially the provisions of Act No. 267,
passed by the General Assembly of this
| State during the year 1914 the laws amended
thereby and the laws existing in this State
other than the said Act 267 of 1914, they
have covenanted and agreed, and do by these
presents covenant and agree and bind them
signs, to form, and hereby form themselves
| into, and constitute themselves and their
| successors into corporation for the objects
and purposes following, to-wit:
corporation shall be Robert Gottschalk
Inc, and under said corporate name, it
shall have all the powers and authority
granted by the laws of this State and not
expressly withheld from corporations.
Article 1.-THE objects and purposes of
this corporation are declared, generally, to
be the conducting of a General Insurance
Business. as Agent. General Agent. Broker,
or Mandatory of any Insurance Companies
organized under the laws of this, any
other State, and all other business con-
nected Herewith, growing out of, and neces-
sary for the said objects and purposes; and
in so doing, the said corporation shall have
power to purchase real, personal, or mixed
mr. RI Of all
at their convenience.
Article III.-The present amount of capital
stock of this corporation is twenty thousand
(S20yO0O.OO dollars, divided into four hundred
600 shares of the par value of fifty (S50.0O)
dollars each. and certificates for either whole
or fractional shares may be issued; said
stock payable either in cash or property,
according to the laws of this State.
The amount to which the present capital
stock of this corporation may be increased
is hereby declared to be fifty thousand
(S50OOOOO dollars, to be represented by one
thousand 1000 shares of the par value OF
fifty $4,000 dollars each, and said increase
in capital stock is likewise to be represented
by certificates for either whole or fractional
shares.
All of the stock Of this corporation is 10
be common stock, and this corporation shall
commence business, provided by law.
Each share of stock shall entitle the holder
thereof to one vote, to be cast either per-
sonally or by written proxy, and each frac.
tional share shall entitle the holder thereof
to such fractional part of one vote as IS
represented by his fractional share OF stock.
Article IV-The said stock shall only be
partially or conditionally negotiable, IT being
condition precedent, and the condition un-
der which the stock of this corporation is
subscribed that none of the stock presently
subscribed or hereafter subscribed or issued.
shall be susceptible of being negotiated,
pledged pawned or mortgaged. nor shall or
can any rights be acquired under any pledge,
pawn, mortgage or hypothecation OF such
stock, excepting, first, such pledge, pawn,
mortgage or hypothecaton be submitted to
the stockholders of this corporation in meet:
ing assembled, at meeting specially called
for that purpose, and at which said meeting
a majority of the stockholders shall vote
favorably thereupon. and specially authorize
such negotiation, pledge, pawn or mortgage.
the whole TO be evidenced by duly certihed
copy of the minutes of the said meeting,
bearing the seal of this corporation.
The said stock shall only be partially or
condtionally the subject of sale and trans
fer, and no stock presently subscribed for
or issued. or hereafter subscribed for or issued
shall be the subject OF sale or transfer,
except solely after the subscriber owner
shall first have offered for safe to the stock
holders and owners then holding and owning
the balance of the stock of this corporation
the stock which the said subscriber or owner
desires TO sell, such offering to be in writing
and for a term of thirty days, addressed to
this corporation and to the stockholders of
record upon the stock ledger or stock books
and records.
1t is further conditioned as a condition
precedent. that the offering for sale of such
stock shall be at price not exceeding the
book value of such stock as shown by the
books of the corporation at the next preced-
ing annual meeting; at which price, and for
said term. any or all Of the existing stock.
holders Of this corporation shall be entitled
to purchase the whole or their proportional
portion thereof, within the said term of thirty
days.
This provision and condition as to sale,
transfer, resale, re-transfer, mortgage, loan,
pawn. pledge or hypothecation is agreed to
by all subscribers to this corporation, on
their own behalf, that of their heirs and
assigns, and is accepted by them as a ma
teriai provision and condition Of the sub
scription to stock in this corporation.
Article V.-The domicile of this corporation
shall be in the City Of New Orleans State
of Louisiana and all citation or other legal
process shall be served on the president of
this corporation, or. in his absence, on any