The herald., 1918-01-31

ana. Parish OF Orleans, lily OF New
Orleans.
Be it known. That on this twenty ninth !
day of the month of January IN the year
one thousand nine hundred and eighteen,
Q9lS). before NE, Asahel Walker Cooper a |
Notary Public. duly commi ssioned and quail |
iIed in and for the Parish OF Orleans, State |
of louisiana, and in the presence Of the |
witnesses hereinafter named and subscribed,
personally came and appeared the severa!
persons whose names hereuntO subscribed
who declared that availing themselves Ot the
provisions Of the laws OF this state relative
to the formation and organization OF eoTP2-
rations. they have covenanted and agreed,
and do by these presents, covenant agree
and bind themselves well as those VINO
may hereafter become associated with them
TO form themselves into corporation Tor
the objects and purposes. with the name and
under the stipulations, following to-wlt:
Article 1.-The name and style OF this cor
poration shall be John II. BoncS Company,
Inc, and by said corporate name !; shall!
have and enjoy succession for a period ~
ninety-nine years from the date hereof unless
II Is dissolved in the manner provided oy
law. and by the articles OF this charter, ana
under such corporate name II shall have me
power and authority to contract. sue and be
sued To make and use a corporate seal, the
same to alter or break al pleasure, TO make
all necessary rules and regulations tor ITS
corporate management and control and shall
have and enjoy all the rights privileges ana
1
or may be hereafter granted 10 corporations
| OF the same kind and character.
Article 1.-THE domicile OF the corpora
| ton shall be in the City Of New Orleans
State OF Louisiana, and all CITATION anu o.lie .
| legal process shall be served upon the pres
| ident or in his absence, upon any other
officer Of the corporation.
| Article III.-The objects and purposes for
! which this corporation are formed are de-
| clared to be as follows:
To manufacture, buy, sell and deal IN
| either at wholesale, or retail, dry goods,
| clothing wearing apparel and textile fabrics
| OF every kind and all articles and merchan-
disc OF like general character ana ueSCr'P
| ton; to conduct the business oil genera man
| ,tfacturers and cutters OF Over-allS, pants,
| shirts and all other articles OF wearing APP
| parel; and generally TO do and engage IN
| anv other business engagement or enter
prise connected with growing, out oil, OF
| which is geruTaue or incidental, TO any OF
| the objects and purposes hereinaOove sci
| forth.
Article IV.-The Capital Stock of this cor.
| poration shall be Twenty-Five thousand
| dollars, divided into Two Hundred and titty
shares of One Hundred SlV1WS' Do nalb
| each and the same may be issued tor cash.
| or in payment OF property or services actu'
aIlv received by or rendered TO the coTpo
| alton. Said Capital Stock may ne increased
to Fifty Thousand (S50,ODU) Dollars.
This corporation shall commence business
1 a
| per centum of said capital stock snail nave
been subscribed for and fifty per cent OF tht
| amount so subscribed is actually Paid LOT
All transfers OF stock shall De madt
| on the books of the corporation by tnS
surrender of the original certificate properly
| endorsed for cancellation by the stockholdel
| in whose favor said stock is issued, or by
| his duly authorized agent
| No stockholder shall have the right e
offer for sale. sell, transfer or assign any
of the shares held by him or her without
| first giving to the other stockholders through
the Secretary thirty days PRIOR notice II
writing of such intention and the othel
| stockholders shall have the right TO pur
! chase said shares within thirty days iron
| the receipt OF said notice at their book value
| and in case of dissatisfaction as to the price
| the matter shall be arbitrated, one aroi
| traitor who shall be vested with the powers
of amicable compounder TO be appointed Dy
! each side, and umpire who shall also DC
| vested with the powers oil amlcaole CON
FOUNDER to be selected by these two, who
| shall take oath and whose award or de
cision shall be final and binding upon al
| parties. The expence OF saId aroitraton snal
| be equally divided between the sharehoidei
offering his stock and the other stockhoidei
| or stockholders; if none of said stockholders
| avail themselves of said right or privilege
to purchase said stock within thirty days
from the receipt of said notice, said stock
| may then be sold to whomsoever the stoeA
| holder may INT.
| If the other stockholders within thirty
days offer TO purchase more stock than IS
offered for sale, then the stock so offered
| for sale shall be divided among the stock
| holders offering to purchase pro rata on me
| basis of their then stockholdings in the
| corporation.
| Article V-All the corporate powers OF TINS
| corporation shall be vested in and exercised
bv a Board of Directors composed OF three
| stockholders the membership OF which may
| he increased to a number not exceeding i've
| bv the Board of Directors at any OF ITS reg
| uiar meetings; each director shall be a oona
fde stakeholder. The first Board OF Direc,
tors shall serve until the election to be held
on the second Tuesday in February, 1912
and until their successors are elected ano
qualified; said Board of Directors with theii
post Office addresses is as follows:
John Harry Bonck, l624 \. Dupre ST., New
Orleans, Louisiana, who shall be President
! Treasurer, Mrs Lettia Bonck Miranne
whose address is Rayville, louisiana, whC
shall be Vice President. and Mrs Anita h
| Bonck, whose address is lo24 y. Dupre 81
New Orleans, Louisiana, who shall be Sec
rotary.
On the second Tuesday in February, 1919
and annually thereafter, except when thai
day falls upon legal holiday, then upoI
the next following lay day, the stockholder'
shall elect Board of Directors for th'
ensuing year. the board already installed t
continue to hold until their successors
are elected and qualified. Failure to hole
said annual meeting on the day specihe'
shall not dissolve the corporation but TN
directors then in Office shall hold over unit
their successors are elected.
The Board of Directors so elected shall
select from their own number the officers o
the corporation, who shall be President
Treasurer, 4 Vice-President and a Secretary
The election of directors shall be by ballot
and the persons receiving the largest nnn9e
| of votes cast shall be declared elected. 70
electing directors or for any other purpose
each share of stock, whether present or bl
written proxy shall be entitled TO one vote
The said Board of Directors shall hav'
power and authority to make all necessary
| rules and regulations for the management
operation and control of the business of thu
corporation as well as to make all necessar,
rules and bylaws, with power TO NIL an,
vacancy occurring in their number, or an!
vacancy occurring among the officers OF I'M
corporation.
Article VI-Notice of all meetings of stock
holders for electing directors or for any othe
purpose except as may be hereinafter di
rected. shall be given In writing by tn
Secretary to be deposited in the mai
postage prepaid, at least fifteen days befor
| such meeting, directed to each stakeholder
| at his or her last known address as the sam
NAV appear on the books of the corporation
unless such notice is waived in writing b.
all stockholders appearing as such upon tn
= books, unless a different notice is require
by law.
II Article VII.-This act of Incorporation ma
Y be modified. added to, changed, or amended
or this corporation be dissolved by and wit
! amount of its then entire outstanding stoc
given at a general meeting of the stockholc
| ers to be convene after fifteen days PRO
4 notice to be given in of the daily news