The herald., 1918-07-25
CHARTERS.

eases made and provided. they have coven-
anted and agreed, and do by these pres
pnts covenant and agree and bind them
selves. as well as all other persons VINO
may hereafter become associated WIN
them. to form corporation, ana pouH
polite in law. for the objects and pur-
poses. and under the articles and stipula-
tiOnS following, tO-wit:
Article 1.-The name Of this corporation
shall be "BelkOma Cigar Co. Inc ana
under its said corporate name 1t snail
have power and authority to have ana
enjoy corporate existence ana succession
for the full term and pertod of ninety
nine years from and after the date hereOi:
to contract, sue and he sued; to make ana
use corporate seal. and the same 10
alter aud break at pleasure; to hold, re,
ceive, lease purchase and convey, as wen
as mortgage and hypothecate property
real. personal and mixed, corporeal ana
incorporeal: to name and appoint such
managers, agents. directors and officers
as its business interests and convenience
may require from time to time, ana 10
make aud establish such bylaws, rules
and regulations for the proper manage
ment of the affairs Of said corporation, as
may be necessary and proper ana to al
ter and amend the same ut its pleasure.
Article 1.-THE domicile of said corpor-
alton shall be in the City of New Orleans,
La, and all citations or legal process shaIi
be served upon the President or Salu
corporation, or in the event of his absence
upon the Vice President thereof. and in
the absence of both of said officers, upon
the Secretary.
Article III.-The objects and purposes
for which this corporation is organized
and established. and the nature of the
business to be carried on by il, are here
by declared to be: To engage in the man
ufacture, buying and selling, at whole
sale and retail of cigars and tobacco; TO
buy. sell and deal in the raw materials
of said articles. and generally to do and
perform any and all things necessary.
proper and pertinent to the objects and
nf n
said business in all parts of the State OF
Louisiana, and elsewhere.
Article IV.-The capital stock of this
corporation is hereby fired at the sum of
fifty thousand dollars ($5O,OOO.OO), to be
represented by five hundred 5000 shares
of the par value of one hundred dollars
(S10O.OOl each The capital stock of this
corporation shall be payable in cash, or
in such inStallment and under such con
ditiOnS as the Board of Directors may de-
termine. The capital stock of this cor
poratiOn shall only be issued for cash, or
for services rendered. merchandise, prop
erty or other valuable considerations, en-
uring to this corporation, according to the
exclusive judgment and findings of the
Board of Directors thereof. This corpora
tion shall be a going concern, and au-
thOriZed to do business as soon fifty
500 per cent of the authorized capital
shall be subscribed for, and at least fifty
(5O) per cent of all stock so subscribed
for, shall be paid for. The capital stock
of this corporation may be increased to
two hundred thousand dollars (S2000OO.-
OO).
Article V.-AlI meetings of the stock
holders of this corporation. well as all
meetings of the Board shall be held at its
domicile, in the City of New Orleans, La.
provided that with the written consent of
all the directors, valid meetings of the
directors may be held outside of the State
or within the State. elsewhere than at its
dOmicile.
Article VI.-All the corporate powers of
this corporation shall be vested in and ex-
ercised by Board of Directors, five in
number, all of whom shall be stockhold-
ers to be elected on the second Monday
in July of each year. commencing with
the second Monday of July in the year
1919. Three directors shall constitute a
quorum of the Board for the transaction
of business.
After the election of said Board of Di-
rCctOrs, as herein provided there shall be
elected by said directors from their own
number, the officers of this corporation,
which are as follows: \ President. Vice
President, and Secretary and Treasurer,
with the right to combine the offices of
President and Treasurer in one person. |
point an Assistant Secretary, who need
not be a stakeholder, as well as to appoint |
such other agents and employees. who |
shall. respectively. have such power and |
and perform such duties as may |
be prescribed by said Board, and who |
may he removed at the pleasure of the |
Directors.
The directors shall have the right TO fill |
from death, resignation or otherwise. |
Should the stockholders at their annual |
meeting, fail to elect the full five direc- |
tors, then and in that event the directors |
elected by the stockholders shall have the |
right to elect, such additional directors, |
in order to have a full board. 1t is fur
Their understood, that the three gentlemen |
named in this charter, as directors, shall
m ri tn a tn
elect from the stockholders of this cor |
poration. two additional directors to make |
a full board of five directors, which said |
additional directors, IL elected. shall serve
with the three directors named in this |
charter until the annual election for di- |
reetors on the second Monday of July |
1919. or until their successors have been |
elected and qualified.
The following named persons are now |
named as directors, and the officers of |
this corporation, and shall serve, together |
with the additional two directors, il elect |
ed, until the election to be held on the
second Monday in July 1919 or until |
their successors have been elected and |
qualified. The addresses of said direct |
ors and officers are set opposite their re-
spective names:
urer, AIT Prytania ST., New Orleans, La. |
Mrs. Bella Kossman. Vice President 4117 |
Prytania St, New Orleans, La. Wallace |
{. Marine, 1881 N. Robertson ST., New Or |
leans. La, Secretary.
Article vII.-The annual meeting of the
stockholders of this corporation for the |
election of directors shall be held on the |
second Monday in July of each year, COM |
mencing with July 1919 until which time |
the officers and directors named in this /
charter, and the two additional directors |
if elected by the directors presently named |
shall continue in office. or until their sue
cesSOrs have been elected and qualified !
The election for said directors shall be by |
ballot, and the majority in amount of the |
stock voting shall elect the persons for |
whom they are cast. Each share of stock |
voted upon to be counted for but one
vote. Said stock shall not be entitled /
to cumulative voting
The Board of Directors shall give at |
least fifteen days notice by mail of the |
election of said directors and shall ap-
point one or more stockholders to preside |
at such election. Any failure from any
cause whatsoever to elect directors on the |
day named for that purpose shall not dis
solve the corporation, but the directors
until their successors are chosen and quail
fled.
Article VIII.-No stakeholder shall ever
be held liable or responsible for the con-
tracts, faults or debts of this corporation,
nor shall any mere informality in its or
ganiZation have the effect of rendering this
charter null, or of exposing its share
holders to any liability beyond the I'M
paid balance due on the stock owned by |
them.
Article IX-The names and post Office
addresses of the subscribers to these ar
l1cles of incorporation, and the number of |
shares of stock subscribed by each, are
rs follows: