The herald., 1918-05-16


Of the Month Of April, in the year One
Thousand Nine Hundred Eighteen,
Before Me, Charles Rosen. a Notary Pub
lie. duly commissioned and qualified. in and
for the above Parish and State therein resid-
ing. and in the presence OF the witnesses
hereinafter named and undersigned.
Personally came and appeared: The sew
eral persons Of the full age OF majority
whose names are hereun;o subscribed. who
declared that, ava,irg themselves OF the
laws Of this State IN such cases made and
provided. they do hereby form themselves
thelT associates, successors and assigns into
a corporation under the following articles
and supulatIOnS, which they hereby adopt
as their Charter, to-wit:
Article The name OF this Corporation
shall be h. Quick, Inc. It's period OF dura-
ton shall be ninety nine years from this
date. Said Corporation shall have for the
purposes Of the business TO be carried on by
!; all the powers conferred by law upon
corporations, and shall generally exercise all
the powers necessary to carry on said bust
ness. Said corporation shall have full
power TO contract, sue and be sued in its
corporate name; 10 make and use corporate
seal, and the same to break or alter al pleas
ure; to hold, receive, purchase, rent or
otherwise acquire and to convey, mortgage,
hypOthecate, lease, sell, pledge or otherwise
dispose OF property real, personal and mixed;
TO have and employ such managers. direc-
tors, officers, agents and other employees
as the interest and convenience of the cor
pOration may require demand; to make
and establish such bylaws, rules and regu-
latiors for the management and control OF
the business and affairs of the corporation
as may be deemed necessary or expedient.
Article 1.-THE domicle OF the Corpora
ton shall be in the City OF New Orleans
State Of Louisiana; and all citation and
other legal process shall be served on the
President. and in his absence or disability
upon the Secretary T7easurer.
Article III.-The objects and purposes for
which this corporation is organized and the
nature of the business to be carried on by
it are hereby declared 70 be:
To own and conduct the business of retail
boot and shoe store or stores and accesssr-
les, and to that end to buy and sell boots,
shoes, and accessories, and shall have the
power to purchase and acquire any retail
business of boots, shoes and accessories al
ready existing or which may hereafter be
established.
Article IV-The amount of the capital
stock of this Corporation is hereby declared
10 be Twenty Thousand $4,000 Dollars
consisting of two hundred GOO shares OF
the par value Of One Hundred tS1oOoD Dol
lars per share. All of said capital stock
shall be subscribed before the filing of the
articles Of Incorporation, and shall be paid
in cash. The amount to which the capital
stock may De increased shall be Fifty Thou
sand (ss0O0O) Dollars.
No stakeholder shall have the right to
sell or otherwise dispose OF his stock in
the corporation without first offering it 10
the corporation for cash at its book value
as determined at the next regular inventory
or he may sell the same to any other exist
ing stakeholder at such price as he deems
proper.
If any employee or officer owning stock
in said corporation drawing a salary shall
die, or if his connections with the Corpora
ton as such employee officer shall in
any way terminate, the Corporation or the
other stockholders shall have the right 10
purchase his stock for cash at its book value
as determined at the next regular inven-
tory.
In any of the above events, the corporation
or as the case may be the other stockholders
shall exercise it or their rights to acquire
said stock by giving written acceptance
within thirty days after receiving written
notice Of the intention of the stakeholder
to sell or after his death or severance of his
connection with the Company as the case
may be. said stockholder whose stock is
thus to be disposed Of shall not have the
night TO require special taking of inven-
tory, but shall await the taking of the next
regular inventory.
Should there be any dispute as TO such
book value after said inventory is taken,
the determination of such value shall be
submitted TO arbitrators, one to be appoint
ed by the seller and one by the purchaser
and in the event Of the disagreement of said
arbtrators, said arbitrator shall elect an
umpire, and the decision of such arbit-a-
tors or umpire as the case may be shall be
trial and binding on the parties. All stock
shall be held subject to these provisions and
every sale, pledge, encunrbrance or other
disposition Of said stock shall be made sub.
Iect thereto. All such stock so acquired by
the corporation may be reissued BY the cor
poration.
Article V.-The business and affairs Of
this corporation shall be managed by board
OF three directors, who shall be elected an
nually at a meeting of the stockholders on
the third Monday of April of each year
Thu first annual meeting shall be held on
the third Monday of April. 1919, until which
time the two officers named in this Char
ter. and the director elected by the stock
holders upon organization Of this corporation
shall act' or until their successors are elect
ed and qualified.
The first Board of Directors TO serve for
tie first year shall consist of CHARLES Fl
Botnick. whose pots-office address IS l4s
Al,x Street, New Orleans, La, P-esiien,.
and Arthur X. Perry, whose post-ofiice al.
dress is 224S Cambronne Street, New Orleans
La, Secretary Treasurer, who shall consti-
tute two of the Board of Directors The
third director shall be elected by the stock.
holders immediately upon organization
The officers of this corporation shall be
President and Secretary Treasurer; but the
stockholders or the Board of Directors may
elect or appoint such other officers as they
desire and determine their duties, and NAV
at any time separate the office of Secre-
tary from that of Treasurer, in which case
the Secretary need not be a member OF the
Board.
All vacancies in the Board from whatever
cause arising may be filled by the remain
ing directors. Any member of the Board
may appoint any other stakeholder his re-
preventative to act in his place and stead at
any meeting OF the Board
The Board of Directors may make. amend
and repeal all bylaws for the regulation of
the Company not inconsistent with and sub.
Ject to such bylaws, rules and regulations as
may be made by the stockholders.
All elections shall be by ballot ar the
office of the Company in accordance with
such regulations the Board of Directors
may determine, and at every such election
and at all meetings Of the stockholders each
registered share of stock at the date of such
election or meeting shall be entitled to one
vote ODE cast by the registered owner or
his agent or representative by written proxy
Not6e of all meetings of stockholders
shall be given by the Secretary in writing,
and delivered 70 each stakeholder in per-
son. or mailed TO his last known address
at least fifteen days prior to such election;
but said notice OF any such meeting NAV
be waived by all the stockholders.
The failure to elect directors at the annual
meeting shall not dissolve or affect the
corporation or impair its management in any
respect, but the officers and directors in
office shall remain in office until their sue.
cessors are elected and qualified and the
election held as soon as practicable there
after.
Each subsequent Board of Directors shall
elect as soon as possible after their own