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

for which this corporation is established, ant
the nature of the business to be carried or
by 1t are to buy and sell furniture, house.
hold goods and other wares and merchandise
to establish stores throughout the State, to
| lend money for the establi shment of such
stores, and to enter into partnerships for the
purpose OF conducting mercantile stores.
| ARTICLE lV.-The capital stock of this cor
poration shall be 100000, divided into 100
| shares of the par value of $1,000 each and
may be increased to the sum of $4,000 90,
! divided into 500 shares of the par value of
| SlOoOO each, and this corporation is to be a
| going concern when one-half of the capital
stock has been issued and subscribed for.
Zach share Of stock shall be entitled to one
vote at all general elections. Should the
| capital stock of this corporation ever be in
! creased over the sym of 100000 then such
saed snail IT. . t2sT that IT, may be is
stock a the tiye OF issuance of said new
| stock 4 the Toportion il which the said
q Il !. ~. .. ss ...':s.:
edneSs, iaui;s'~r defaults Of this corporation
nor snail any beTg Eniorpality in the orEa-
h!za'o1 OF Jsc STFJSr'on have the cffec.
| u rendering the Oh Mr. null or of exposing
| ~. s,2cTh3ldcrs y any liability beyond the
scrlptIon. Should any stakeholder desire +,
sell his stock he shall first offer the same to
tn4 S'1ckho!derS OF the company through its
| board OF directors. and the st,rkholir-S who
desire to purchase shall have the right to
purchase the same, in the proportion to their
holdings of stock in the company Should
SAID stockholders in fifteen days after notice
having been given, in writing fail or refuse
to purchase the stock offered for sale, such
stock may be sold to any one. No transfer
OF stock shall be made or held to be valid
and binding unless made on the books of
the company, and unless made in pursuance
~ NNFNz
ARTICLE NI.-This corporation shall have
all powers granted to such corporations by
law, and shall have the power to contract
sue and be sued in its corporate name and
to own, hold, receive, loan, lease purchase
sell and convey or mortgage any and all
OF its effects. or to hypothecate its property,
and TO do any and all acts and things of any
other kind. nature or description, as may be
necessary to carry. out the objects and pur.
poses OF said business as its interests and
corvenienccs may require
ARTICLE NIl.-The business Of said cor.
poration shall be directed by and vested in
board OF directors of three stockholders, two
OF whom shall constitute quorum for the
transaction of bushes, and the said direc-
tors as first constituted shall be- Perry C.
Doerr, Isaac VI. Causey and J. Gordon
Baughin. and they shall hold office until the
FIRST Monday of October, 1919 and on that
day and from each and every day thereafter
elections shall be held annually for directors
at the principal office of the corporation.
Failure to hold an election on the day speci-
tied shall not dissolve the corporation but
the directors in office shall hold their re-
spective offices until an election shall be
held after thirty days notice of the time and
place thereof given to each stakeholder The
annual election shall be held on the first
Monday of Oct, 1918, and thereafter on
the first Monday of October of each sue |
ceeding year, and the election shall be held
between the hours Of 10 A. NJ. and p NJ |
All vacancies on the board OF directors for |
Sl,a h. - L. Il
ing directors. Perry C. Doerr shall be the |
tlrSt president, Isaac NJ. Causev shall be the |
irst yice-president, and J. Gordon Baughn |
snail be hrst secretary-treasurer, and they |
snail hold office until the first Monday OF |
October 1919, and each succeeding board |
OF directors shall elect its principal officers |
ior the term OF their election, and only stock |
holders shall be eligible for election as a |
member OF the board of directors
ARTICLE NIII-Wheneyer this corporation |
IS dissolved, either by limitation. or for any |
other cause, its affairs shall be Inundated |
by the board Of directors, who are hereby |
vested with full power to sell any or all |
assets of the corporation either separately |
or in mass. and to convey full and complete
title thereto, and shall have full power to |
do and perform all acts necessary and |
proper TO fully and completely liquidate the |
affairs and distribute the proceeds, if any,
among the stockholders of the said corpora
ton TO the amount of stock held by each
ARTICLE lN.-This act of incorporation |
may be amended, altered or modified, or this |
corporation dissolved by a vote of three
tourths OF the shares of the total amount of 1
stock at a meeting convened for that pur-
pose after ten days notice in writing mailed |
to the address of each stakeholder.
Thus done and passed, in my notaral Of
flee, in the city of New Orleans, State of |
Louisiana. on the day, month and year first
above written, in the presence of Ruth NJ |
Seller and Robert f. Bell, competent wit
nesses, who have hereunto signed these
presents. together with the parties hereto, and
me, Notary, after a reading of the whole.
Witnesses: Ruth VI. Seller, Robert E. Bell.
p. G Doerr, 1914 Fourth ST., New Orleans,
La; 50 shares: J.. G. Baughin, Bogalusa, La,
shares; l. NJ. Causey, Baton Rouge. La, 3
shares. A. A. MORENO, Notary Public.
l, the undersigned Recorder of Mortgages,
in and for the Parish of Orleans, State of
Louisiana, do hereby certify that the above
and foregoing charter of The Mercantile
Stores, Inc, was this day filed and recorded
IN the mortgage office for the Parish of Or
cans, in Book 1922, Folio 454 EMILE ].
LEONARD, by. R. A true copy of the orr
ylnal now on file in my office A. A.
MORENO, Notary Public
Sept. 1926, Oct 3-l0-7-24.