The herald. [volume] (New Orleans, La.) 1905-1953, 1918-10-17
CHARTER

authorized capital shall be subscribed for
and at least fifty $50 per cent? per cent 0
all stock so subscribed for, shall De paid for
The capital stock of this corporation ma,
be increased to Two Hundred Thousan,
Dollars ($2OOOO0OO.
! ARTICLE N.-All meetings of the stock
holders of this corporation, as we'll as al
meetings of the Board of Directors shall b,
held at its domicile, in the City of New Or
leans. La, provided that with the writer
consent of all directors. valid meetings o.
the directors may be held outside Of the
State or within the State elsewhere than a
its domicile.
ARTICLE VI-All the corporate powers
OF this corporation shall be vested in, and
exercised by Board of Directors five in
number AL Of whom shall be stockholders tc
| be elected on the fourth Monday of Au-
gust Of each year. The first Board of Di-
/ rectors to serve this corporation until the
annual election in August 1919 or until their
| successors have been elected and qualified
| shall be elected Immediately after the signi NJ
Of this act Three directors shall consti-
| tute a quorum Of the Board for the trans
| action Of business by said Board. After the
| election OF said directors as herein provided
! for, there shall be elected by said directors
/ from their own number, the officers Of this
! corporation. as follows: 4 President a
! VICE President a Secretary-TTeasurer, and an
! Assistant Secretary Treasurer, with the right
| TO combine the offices OF Secretary and Treas
| in one person The Board Of Directors shall
| have the power and authority to appoint
| such other agents and employees, who shall
! respectively. have such power and authority,
and perform such duties as may be prescribed
| by said Board. and who may be removed at
| the pleasure of the Board. The directors
| shall have the right to fill all vacancies oc-
curing IN their number from death. resig-
| nation or otherwise, and should the stock
holders at their annual meeting fail TO elect
| the full five directors, then and in that
| event the directors elected by the stockhold
| ers shall have the right to elect such addi-
| tionsl directors in order to have full
| Board
ARTICLE VII.-The annual meeting of
the stockholders for the election OF directors
shall be held on the fourth Monday Of Au-
gust OF each year, commencing with August,
1919. The election for directors shall be by
ballot, and the majority in amount of 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 appoint
one more stockholders to preside at such
election. Any failure from any cause what
for that purpose shall not dissolve the cor.
poration, but the directors then in office
shall hold over until their successors have
been chosen and have qualified
be held liable or responsible for the contracts.
faults or debts of this corporation, nor shall
any mere informality in its organization have
the effect OF rendering this charter null, or
of exposing its shareholders to any liability
beyond the unpaid balance due on the stock
owned by them.
ARTICLE IX-All transfers of the capital
stock OF this corporation shall be made on
the books OF the corporation, and no trans
fer shall be binding on this corporation, in
tNha
No sale of stock OF this corporation shall be
valid, unless first offered Tor a period Of
thirty days TO the stockholders, through the
Board of Directors, at a price not to exceed
its book value. Upon the failure OF the
stockholders to avail themselves of such pur-
chase, during the said period of thirty days,
notation of such fact shall be made by the
Secretary Treasurer, upon such certificate or
certificates having been previously rendered
in accordance herewith, and thereafter said
stock may be sold without further restric-
ton. Succeeding purchasers thereof, shall,
however, be required to offer the same to
the stockholders for a term and at a value
hereinabove designated before disposing of
same, and all stock acquired in this corpora
ton shall be subject to the provisions OF this
charter.
ARTICLE X-This charter may be
amended altered or changed, at a special
meeting of the stockholders called for that
purpose, after fifteen days notice by mail
has been given to the stockholders OF rec
ord, by vote of two thirds of all outstand-
ing capital stock.
dissolved, by vote of two thirds of all out
standing stock and upon complying with the
requirements of Section Is of Act 2o7 of the
Louisiana Legislature for the year 1914, and
in the event of such dissolution, liquidators
shall be named and appointed with all the
necessary powers and authority as set forth
in said Act 26z, of 1914,
ARTICLE XII.-In addition to the powers
conferred on the Board of Directors OF this
corporation the said Board is specially vested
with the power of purchasing and acquiring
such business or businesses, as in its Judg' |
ment may rebound to the interest and well |
fare of this corporation, and IN payment
thereof TO issue capital stock of this corpora |
ton, in such an amount as in their judg- |
ment said business or businesses are worth. /
ARTICLE XIII.-Whereas, the subscrip. |
tons of certain stockholders to the capital |
stock Of this corporation consist IN property 1
to be transferred to this corporation, in &C
,ordance with the provisions of section three
of Act 267 of the Louisiana Legislature OF
the year 1914 there is now annexed to these
articles of Incorporation, and TO De read IN
connection Herewith, an accurate, detailed
md itemzed description of such property,
together with statement Of its appraised
value by the directors of this corporation,
he same as if set forth in detail in his char
ARTICLE XIv.-The names and post-Of-
ice addresses of the subscribers to these
articles of Incorporation, and the number OF
shares of stock subscribed by each, are as
ollows: i
(Names of Subscribers, their addresses, and
espective subscriptions)
Thus done and passed in my office, in the
-ity of New Orleans, La, on the day and
late first above written, in the presence OF
Iessrs Irwin Thomas and Leon 5, Calm,
Competent witnesses, domiciled in this city,
Who signed these presents, together with the
,arties, and me, Notary, after a due reading
f the whole, the parties hereto attlxing op-
,osite their respective names, their respec-
i've subscriptions to the capital stock OF
his corporation, which shall constitute the
riginal subscription list of all stock sub
cribed in this corporation. Original sign
ID, Subscribers; No. of shares. WITNESSES:
irwin Thomas Leon s. Calm. THEODORE
\. SCHUYLER, Notary Public.
1, the undersigned, Recorder of Mort
ages, in and for the Parish of Orleans, State
E louisiana do hereby certify that the
.bove and foregoing Act of Incorporation
( the Crescent City Cork Works, Inc, was
his day duly recorded in my office, in Book
222 Folio ABS New Orleans, September 4th,
qlS (Signed) EMILE J. LEONARD, by,
A true copy of original. THEODORE A.
,CHUBER. Notary Public.
Sept 1926, Oct. 3-l0H-4
CHARTER OF THE MERCANTILE
STORES, INC.
United States of America. State Of Louis