The herald. [volume] (New Orleans, La.) 1905-1953, 1918-02-21
CHARTER.


alton Said Capital Stock may be increased
to Fifty Thousand (S5o,onO) Dollars.
This corporation shall commence business
and become a going concern as soon as NIFTY
per ceatun OF said capital stock shall have
been subscribed for and nifty per cent OF the
amour: 50 subscribed IS actually paid for.
All transfers Of stock shall be made
on the books OF the corporation by the
surrender Of the original certificate properly
endorsed Tor cancellation by the s;ockho.der
IN whose favor said stock IS issued OF by
his duly authorized agent
No s.ockholier shall have the right 10
offer t1- sale. sell, transfer or assign any
II the shares held by him or. her without
ms, giving 70 the other stockholders through
the Secretary thirty days prior notice II
writing Of such intention and the other
stockholders shall have the right 20 puT-
chase said shares within thirty days from
and in case Of dissatisfaction as 70 the price
the matter shall be z-bi:-a:ei. ar5:-
traitor who shall be vested with the powers
OF auicab.e conp9Cnce- % oe appointed by
each side. and an umpire who shall also be
vested with the powers Of amlcao.e com
FOUNDER % be selected by these Two, who
shall take oath and whose award or de.
c;sion shall be final and binding upon al!
parties The expeace Of said arbitration shall!
Re equally divided between the shareholder
offering his stock and the other s:ockAo.der
OF stockholders; II none 81 said stocAao.leTs
avail themselves OF said right o. privilege
from the receipt OF said notice. SAID stock
may then be sold 10 whomsoeveT the stock
holder may see nj.
II the other stockholders within thirty
days offer TO purchase more stock than IS
=e-ei for sale, then the stock 50 offered
t7- sale shall be divided among the stock
holders Offering % purchase pro rata on the
basis %: their then s:ockAo!dings IN the
corporation.
Article V.-Au the corporate powers Of thi:
= - - ed
BY a Board OF Directors composed OF three
stockholders. the membership Of which may
Re increased. . number not exceeding hve,
~ the Board Of Directors AZ any Of rs reg
u,a- meetings: each director shall be bona
fde s.ockho,der. The frs: Board OF Dlrec.
.7-s shall serve until the election 70 be held
on the second Tuesday in February, 1919.
and until their successors are elected and
qualified; said Board Of Directors with their
! post Office addresses IS as follows:
| John Harry Bonck, 1924 y. Dup-e ST.. New
! Orleans. Louisiana. who shall be President
| Treasurer. Ms. Leti:ia Bonck Mirznne.
whose address is Rayville. louisiana. who
| shall be Nice-P-esident. and Ms Anita h.
| Rorck. whose address is l624 y. Dupre St.,
| New Orleans, Louisiana, who shall be Sec
-ecary.
On the second Tuesday in February, 1919
| and annually thereafter, except when tina!
the next following lay day. the stockholders
| shall elect a Board OF Directors fo- the
| ensuing wear. the board already installed 70
! continue 70 hold over until their successors
are. elected and qualified. Failure TO hold
| said annual meeting on the day specinec
| shall not dissolve the corporation but the
i directors then in Office shall hold over Until
their successors are elected.
The Board OF Directors 50 elected shall
select from their own number the officers o
the corporation, who shall be President
Treasurer, Vice-President and Secretary
The election Of directors shall be by ballot
and the persons receiving the largest numbe
OF votes cast shall be declared elected. Fo
electing directors or for any other purpose
each share OF stock, whether present or by
written proxy shall be entitled 10 one vote
The said Board Of Directors shall have
power and authority TO make all necessary
rules and regulations for the mana cement
Il operation and control OF the business OF tht
corporation as well as TO make all necessary
rules and bylaws, with power 20 NIL any
vacancy occurring in their number, or an!
vacancy occurring among the officers OF th'
corporation.
Article NI.-Notice Of all meetings Of stock
, holders for electing directors or Tor any othe
purpose, except as may be hereinafter di
-ected. shall be given in writing by tn
Secretary TO be deposited in the mai
postage prepaid, az least fifteen days befor,
such meeting, directed to each stakeholder
az his or her last known address as the SAM
may appear on the books OF the corporation
unless such notice is waived in writing b!
1,
, books, unless different notice is requiret
by law.
Article VII.-This act of Incorporation ma,
! be modified, added TO, changed, or amended
! or this corporation be dissolved by and wit
the assent OF the holders of two-thirds il
, amount OF its then entire outstanding stoc
given at a general meeting Of the stockhold
? ers 10 be convene after fifteen days prio
d notice TO be given in one of the daily news
T papers published in the City of New Orlean
: in addition TO the personal notice 20 eac
= OF the stockholders provided in Articl
VI OF this charter; and such changes a
: may be made in reference TO the increas
or decrease Of the capital stock shall b
e preceded by such notice, delays and TO
y malities are provided by law.
> In the event OF the dissolution OF sal
). corporation either by limitation OF its cha
s ter of otherwise; its affairs shall be Iiquda;e
!. by three commissioners to be appointed an
> elected al a secpal meeting called for III;
!, | purpose as above provided, and they sha
4, remain in Office until the affairs Of said co
:. poration shall be fully liquidated; and j
case Of the death, inability, or resignatiC
OF one or more of said liquidators the su
le vivors survivor shall continue to act.
h Article VIIT-No stakeholder shall ev,
s. be held liable or. responsible for the col
ye tracts or faults of this corporation in ar
re further sum then the unpaid balance due
i'd the corporation on the shares owned by hin
ie nor shall any mere informality in organ
zation have the effect of rendering this cha
?.
bility beyond the amoun, of mis- unpaid stoc
u. if any.
L. Thee subscribers hereto have placed opposi
their respective names the numbered shar
$. subscribed for by each of them so that II
Of act may serve as the original subscriptic
re list of said corporation
lie And here the subscribers, Mrs Anita
~ Bonck. widow. said Mrs. Letitia Rosal
9, Bonck, wife OF Cheri A Mrznne, Jr. sa
John Harry Bonck and said Lucien Sidnt
Bonck acting by and through his dati-
c. tutor, Whtney-Central Trust and Savinj
Bank. declared that whereas they are owne
IN indivision in the proportion OF an und
vided one fourth TO each OF them OF Il
commercial business conducted prior 10 h
= death by their husband and father respec
lively, the late John Henry Bonck, and late
conducted by them under the name and sty
Of John II. Bonck and Co. in indivision wi
the minors, John Porter Bonck, Harold Sta
i ton Bonck and Anita Resale Bonck who
10 interest in the merchandise, stock in trad
accounts collectble, machinery, Office furn
ture and fixtures belonging to and const
n tuting said business said Mrs. Anita
AZ Bonck, Mrs. Letitia Bonck Miranne az
a Sidney Bonck, through his tutor Whitne
i. Central Trust and Savings Bank duly autho
te lied 50 10 do, acquired by purchase in pa
le tltion proceedings under judgment of 4
d, Civil District Court for the Parish of 9
al leans: said Mrs. Anita X. Bonck, wido
"a said Mrs. Letitia Bonck Miranne and sa
he {. A Miranne, Jr., 10 authorize his sd
We wife said John Harry Bonok. and said min
o. Lucien Sidney Bonck through his tutor VIII
d. neyCentral Trust and Savings Bank in pa
ee ment for all their respective subscriptio
no for Thirty Seven and one-half shares Of {
n capital stock Of this corporation 10 each
or them, hereby assigns, set over and deliv