The herald. [volume] (New Orleans, La.) 1905-1953, 1918-06-13
CHARTERS

aDi' OF lInTnN.nie. all srh PVreal ~
y, i"ItallohS a. mag be prescriha. 70 b.
mug i,'".'' I'Nie and indorss oy ~
ii No., anu ",I'r evidences Of deb, ooads
o., ~ n,"l ,-eN pledges, or OF IA
Of security for money iosn Other ia.<
debts. Il Ray contract. sna a Or 90
plead or b" implrldcd bv ana be 49,,
name Ill any court " comnat us eotpO,,.
ton. II may make, adODt onsnt IurSS'
porats seal and alter the Sa u Use
ure. IL may hold stock in s o.ne at -
tons, ana ITS capital stock na aef Cora,
Tor capital stock in other co,ny os iss,
may name, appoint and empInpp0 ratlOrs
as,rS, ulre,tpf1. Officers, agents ss1 ~
eIIPIo! ceS Us as said business eaa eA
compensation, having due nay IL ~
| nature, character and value ~ 70 b
vices. II may make and VI y. thet -
| laws, rules ana regulations 'Nolish
! slStent with this charter or not Inn
| law, liking or altering the any erisS
its property, the regulation sgensH
ment OF its affairs, and the nen na gO,,s
Ceruncatlon and registration ~ y. Of
IL may VINO up and dissolve it..s ses
"ouhI up aiu dissolved, in ths y
| prescribed by law. II NAV cue ne nsr,
ness in this state. other sfs,Nso nauct m
| Districts, the Territories and me fstss
| OF the United States. and possesth
| country. 1t generally SHAH f'hn
the powers, rights. privileges orgea /
| tiles which corporations uu nun
| hereafter be authorized 10 no.. and u |
the Constitution end laws az ~ ns
anu particularly under Act No on W.
Acts or the General Assembly q, - ID
OF Louisiana for the year 1914. ~
shaIi nave the power to invest 4, te
| OF Directors with all Of its corn. ~ SaH
ers, subject TO such restrictiaNontae ~
be named in the charter. q
Article 1.-THE lOniciIa n, A.,
alton shall be in the City Of Na,.s oSe'n
State of Louisiana, and all c,,.,vfal
other legal process shall be sa.aa9s
the President, or. in the event a. N
sence, upon the Vice President 1 an
event of the absence of both ~ L
hcers, upon the Secretary Tressprs.
Article lll.-The objects and ra
Tor Whlch TINS corporation is or,,. tA
and the nature of the business ~ Sam
rfed on by it are hereby decIs,as o.
to buy, sell, and generally dssI
line of merchandise. at wholessI. y
tail, as manufacturers agents
representatives, sales renre... ysif
brokers, or otherwise to
in the general manufactnr,,. sna
mess; to buy, SELL repair and g.. y
deal in automobiles, autOmobils tsneaa
automobile supplies and accesso,;a'A y
kinds; to buy, sell, and generallv ~,
stocks ponds and real estate, air..
principal or as broker: and gsn .s
do all and everything necesssrv
nlent or proper for the accomplisbn...N
any OF the purposes Of any one 4, ~
OF the objects herein enumerated !. ~ ~
dental to the powers herein man,, 10
which shall at any time appear ea,Ss.i
or eXpedient to the benefit or n,a,..as
or business of the corporation. WA !,
the powers now or hereafter confs,,.i
the laws of the State Of Louisi,n. y,
corporations organized under the set ~
in referred to. ~ nv
Article IV.-The capital stoct a, a.
r corporation is hereby fixed at the N ~ :
twenty thousand ($2O,OOO.OOl dollar y
: vided into two hundred (2OOl sh,,.
the par value of one hundred Iiis,x
! dollars each, which capital stock r,,
I increased to the sum Of fifty tbas,,.
$50, 000.00) dollars.
All stock shall be full paid and nm.
sessable when issued; shall be repr,ss
e ed by certificates. and shall be per,ss
property. No transfer Of said capital ~
E shall be binding upon the corporatiou =
l., less made upon the books Of Inc Gonna
= in accordance with such rules and rsrp
b. tiOns as the Board Of Directors md y
| scribe.
: Article VAN the corporate power,
!. this corporation shall be vested In ri
the management and control Of h,
). fairs shall be exercised by a Board Of !
q rectors, consisting of not less than In
!, 90 and not more than FIVE % stockhsI
ers, the majority of whom shall corr
/ tute a quorum for the transaction Of hi
l. ness.
! The directors shall be elected anru,l,
j by ballot, at the annual meeting Of q
5 corporation which shall be held On B
i third Monday in January OF each M
! At said annual meeting the stockhohs
J. shall first, by vote fix the number Of n
/ rectOrs for the ensuing year, provided b
5 said number is not less than the nh
y mum, nor more than the maximum hs
y inabove fixed, and after such number ID
e been fixed, then said stockholders ID
/, duly elect said Directors.
The Directors thus elected shall Co
tinue in office for one year, or until III
successors shall be duly elected and guil
fed. Each stockholder shall be enuts /
person or by proxy to one vote fcf .
. cry share of stock owned by hin. \
. elections shall be held under such n.
and regulations as may be PRESCRIBED
n the Board of Directors.
= The failure, for any cause vhasox
to hold the annual meeting Of stoeiita
;, ers, or the failure to elect Directors hss
:, at, shall not dissolve this corporatiol y
A. the Directors and Officers then in "a
y shall remain in Office until their succts.n
y shall be duly elected, qualified, sad
;! stalled.
& The Board Of Directors shall at iiI b
n meeting after being elected, nomnsk :
81 of it's number a President, q VictRrs
e dent. a Secretary and a treasure y
70 offices of Vice President and Secsstsiy =
l. Treasurer, or any two OF them, nay
rs combined by the Board and held ; :
rs and the same person. Neither me ~,
a. tary nor the Treasurer need necesah
" be members of the Board Of Direefan
N Said Board of Directors shall have \
" right to appoint and dismiss sucn del
i managers, and other employees TOT )
/. corporation as said Board may y
or proper, and to fix their salaries ana :. ;.
ne pensatiOn, with term Of Office ana W
eT the right to dismiss them at pleasure
~ Until the first annual meeting \.
- corporation, to be held on the firs = =,
n kday in January. 1919, the following I,
~ constitute the Board OF DIRECTORS JIM
:. ficers of this corporation: c,,, A,
ie Ludwig +. Loeffel, 1911 st. Cnsf, az. y
>, nue.. New Orleans, La; John !. n nIF.
VI stein, 1415 Burdette street, New vh !,
IL La; Gustave p. LOeffel, Z,oi re. &C.,, !
n, nue., New Orleans, La, win LuI ma
r. Loeffel. President. and John >. Pr ~,
rs stein, Vice-President, Secretary anu AZ
10 urer. :. "a. A
lie Article Vino stockholder o. sns !, I
or poration shall ever be held lhos ~,
sponsible for the contracts OF lss 4
to this corporation, in any further AZ IVA
ir the unpaid balance Of stock Iol w.,
a. has subscribed, nor shall an! -. n
at formality in organization nave @ ,
as of rendering this charter nun ,, M "A
a. posing stockholders to any haonH'
than as above provided. n. ana
at Article VII.-This charter may !. essDs
IN ed, and the capital stock Of tnls,...d
he ton may be increased or "a ..S N
al this corporation may be dissoir s lss.
.. method and manner providea ~ A. Il
:. Article VIII.-The subscriplIasoen. s,rs
al wig +. Loeffel to ffty-two lo., ..sioa.
the capital stock Of this yp,I,dssst
the subscription Of John q; ~ al
. to fifty-three (53) shares Oh 80 trsss
C. stock thereof, is covered py az ~, by
to this corporation, on TINS VA JoiI
said Ludwig +. Loeffel ana l saw ,acIss
es Blijdenstein of all OF the a ssy, ssI,s o
OF the good will, of the Nationa n,,arorpss
We pany of Louisiana, an W. W. fesfsii
ne business owned jointly py ss,' At gsg B
d, said Blijdenstein. with oilcesS 10 Orln
e, onne street. in the City OF re,sa her
as nor itemiZed statement ahneS nv