The herald. [volume] (New Orleans, La.) 1905-1953, 1918-02-14

Of "a. c. VREELAND, INC"
United States of America. State of Louisi-
ana, Parish of Orleans, City of New
Orleans.
Be it known. that on this the twenty
Lord one thousand, nine hundred and
eighteen, and of the Independence of the
United States of America the hundred
and forty-second, before me, Edouard F:
Henriques, notary public, duly commissioned
and qualified in and for the above city,
parish and state, therein residing and in
the presence of the witnesses hereinafter
named and undersigned, personally came and
appeared:
The several persons, whose names are
hereunto subscribed, who declared that they
are of full age of majority, and, availing
themselves of the laws of the State of Lou
sana, relative to the organization of cor
porations, in such cases made and provided,
they constitute themselves, their associates,
successors and assigns, a corporation under
the stipulatOns herein set forth, which they
adopt as their charter, to-wit:
Article 1.-The name and style of the
corporation shall be "A. c. Vreeland, Inc"
and il shall enjoy succession and corporate
existence for a period of ninety-ninc years
from the date hereof, and It shall have for
the purpose of the business to be carried on
by it all powers conferred by law upon cor
porations and shall generally exercise all
the powers necessary to carry on the sald
business.
Article 1.-THE domicile of this corpora
ton shall be in the City Of New Orleans,
State Of Louisiana, and all citation and legal
process shall be served on the President OF
the corporation, or, in the event of his disa-
bility, on the Vice-President of the corpo-
ration.
Article III.-The objects and purposes for
which the corporation is organized, and the
nature of the business to be conducted by
it, are hereby declared to be:
To act as General Agent, Special Agent,
and Local Agent, of Companies, firms, cor
porations and societies, which are duly quail
fled by law to engage in the business OF
insurance; to act as Insurance Broker; ana
in the capacity OF agent or broker 20 solicit
for, sell, and place with said companies,
firms, corporations and societies, insurance in
all of its branches;
And to act as agent or representative OF
owners, employers, or other persons, hrms
and corporations, having or claiming to have
any interest in the injuries or death OF
claiming to have any interest in property,
real or personal, or other objects or subjects
of insurance;
And to do and perform any and all acts
necessary to carry out the aforementioned
objects and purposes.
poration is hereby fixed at the sum- of Fifty
Thousand Dollars (S5OO0OO to be repre-
scented by Five Hundred (5OO) shares. of
stock, of the par value of One Hundred
Dollars $4,000 each.
Fifty per centum of the capital stock must
be subscribed before the filing of the Articles
of Incorporation: fifty per centum of all stock
subscribed for must be actually paid in
before the corporation engages in business,
and the remainder within twelve months
thereafter, as the law directs.
The amount to which the capital stock may
be increased shall be Seventy-hve Thousand
Dollars ($75,0O00O).
All stock subscribed for shall be paid for
in cash, or its equivalent, property re.
ceived, or labor done, at such times and
upon such terms and conditions as the Board
OF Directors shall prescribe. No transfer of
stock shall be admitted or held to be valid,
or binding ia as the corporation is con-
cerned, unless made upon the books of the
corporation. No sale or pledge OF stock shall
be valid unless made upon the books of the
corporation. No sale or pledge of stock
shall be valid unless said sale or pledge is
accompanied by written certificate, signed
by the president and secretary-treasurer OF
the corporation, to the effect that said stock
was offered to the remaining stockholders
through the Board of Directors, at its book
value, for period of thirty days, and they
have failed or declined to purchase the same.
Stock hold or pledged in contravention OF
this provision shall become the property OF
the corporation upon rendering to the trans
fierce or pledge its book value.
Article Vail powers of this corporation
shall be vested in, and the business shall
be managed by, a board of directors, con.
sisting of three directors, all of whom shall
be stockholders, who shall be elected annu-
ally at a meeting of stockholders on the
second Monday of January of each year
And any two Of said directors shall consti-
tute a quorum for the transaction of all
business of the corporation, provided the
said two directors represent the majority Of
all outstanding stock of the corporation.
Article VI.-The first board of directors
shall consist of: Augustus c. Vreeland
James Rainey, and Emma w. Dinghaus.
The said Augustus C. Vreeland shall be
president of this corporations; James Rainey
vice-president; and Emma w. Dinghaus. Sec
rotary treasurer; all of whom shall hold of.
fee until the second Monday in January
1919, or until their successors shall have been
duly elected and indicted into office.
All elections shall be. by ballot and held
at the office of the corporation. Notice OF
such meeting shall be given by the secretary.
treasurer in writing, delivered to each stock
holder in person, or mailed 10 his last known
address, at least ten days prior to such
election; but this notice may be waived by
all of the stockholders.
At all such elections, and in all meetings
Of the stockholders, each stakeholder shall
be entitled to vote for each share OF
stock standing in his name on the books OF
the corporation, at the date of said election
or by written proxy, and majority of votes
shah elect.
The failure TO elect directors at the annual
meeting shall not dissolve or affect the cor.
poration, nor impair its management in any
respect, but the directors in office shall re.
main in Office until their successors are
elected and qualified.
Each board of directors shall elect, as soor
as possible after their own election, presi
dent, a vice-president, and a secretary.
treasurer, and may grant to each officer such
powers as they deem ht.
All vacancies in the board of directors
| from whatever cause shall be filled by the
remaining directors. Any member of the
board may appoint any other director his
proxy 10 act in his place and stead at any
meeting of the board.
Article VII.-This act of incorporation may
be modified, changed, or altered, the said
corporation may be dissolved with the assent
RY OFFICE