The herald. [volume] (New Orleans, La.) 1905-1953, 1918-07-04
CHARTERS
and purposes and under the following ar.

and authority to contract, sue and he
sued; to make and use a corporate seal
the same to alter or break at pleasure; to
make all necessary rules and regulations
Tor its corporate management and control:
and II shall have and enjoy all the rights
privileges and immunities which are now
conferred upon or may hereafter be grant
ed to corporations of the same kind and
character. -
Article 1.-THE domiciie of said cor.
poraton is hereby fixed in the City of
New Orleans, State of louisiana and all
citation, and other legal process shall be
served upon the President of said corpor-
alton, and, in case of his absence, upon
the ce-President; and in case of the alb
sence of both upon the Secretary Treas
urer.
Article III-The objects and purposes
for which said corporation is organized
are declared to be: To act as agent for
Insurance companies in soliciting and re-
ceiving applications for fire, casualty,
plate glass, boiler, elevator, accident work
mems compensation, tornado. health, bur
gary rent, marine, credit and life in
Surance, and all other kinds of insurance
the collection of premiums and doing such
other business as may be delegated to
agents by such companies, and to con-
duct general insurance agency and in
surance brokerage business; to act as
agents for bonding companies, soliciting
and receiving applications for bonds of
all kinds and character; to purchase lease
or otherwise acquire real estate and to
hold, improve, mortgage and dispose of
the same to own stock in any other cor
poratiOns and vote the same, and general
ly to do any and all things incidental or
germane to any of the objects and pur-
poses above specified.
Article IV.-The capital stock of said
corporation is hereby fixed at the sum of
fifteen thousand dollars ($l5,00ON0), diyid-
ed into one hundred and fifty (lJO) shares
of the par value of one hundred dollars
| (SlOOOO) each, all of which shall be com
mon stock, and the same may be issued
for cash or in payment of property or
services actually received by or rendered
to the corporation.
The parties hereto declare that they
have subscribed for the number of shares
of the capital stock of the corporation set
opposite their respective names, so that
this act of incorporation shall serve as an
oTigiRal subscription.
Allen Mehle. n subscriber to one hun
dred, forty eight (liS) shares of the cap
ital stock of the said corporation, has
transferred, conveyed and delivered to the
corporation, in full payment and liquida-
tiOn of his said subscription, all the eX-
listing business of Allen Mehle, Agent No.
lO0-IlO Hennen building, New Orleans,
Louisiana. including agency contracts. Of
ice furniture, lease, eNpiratiOns, good will,
etc, as shown on the statement filed here
with, giving a detailed and itemized des-
eruption, together with the value thereof,
as appraised by the directors of this cor
pOration.
No transfer of stock shall be binding
upon this corporation unless made and
recorded upon its books.
The amount to which the capital stock
OF said corporation may he increased is
hereby fixed at the sum of one hundred
thousand dollars (S100,000.O0).
Article V.-All the powers of said cor
pOratiOn shall be vested in and exercised
by Board of Directors composed of not
less than three 90 shareholders, and a
majority shall constitute a quorum for
the transaction of all business.
majority of the Board of Directors
voting, in person, shall be required to
pass any resolution or adopt any bylaw,
which, when SO passed or adopted, shall
become valid corporate acts.
The Board of Directors shall be elected
annually at general meeting of the
shareholders to be held on the second
Tuesday in June, 1919, and on the same
day and month in each succeeding year
after ten days written notice mailed TO
each shareholder at his last known ad-
| dress appearing upon the books of the
corporation, unless such notice be waived
| in writing by all the stockholders appear
| ing as such upon the books.
| The failure, however, from any cause
| to hold the annual meeting of the stock
| holders, or the failure to elect directors
thereat, shall not operate the forfeiture of
| this charter nor impair the corporate
management, but the directors aud Off
GERS then in office shall serve until their
successors have been duly elected quail
| fled and installed. Any vacancy in the
! Board of Directors shall be filled for the
unexpired term by the remaining direc-
| tors.
The officers of the corporation shall
consist of a President. one or more Vice
| Presidents, n Secretary and a Treasurer
The office of Secretary and Treasurer
may be held by one and the same person
under the name of Secretary Treasurer
the offices of President and Treasurer
| and Vice President and Treasurer may
| likewise be combined under the names
of President and Treasurer and Vice Pres
ident and Treasurer.
Article VI-The first Board of Direc-
uh hal ha a
meeting to be held on the second Tues
| day in June. 1919, shall consist of Allen
Mehle, 1922 Prytania Street, New Orleans
La, who shall be President; John T.. Ian
sing, 135 S. Hennessey St., New Orleans
| La, who shall be Vice President; Oscar
l.. Chambers, 6161 Milne street. New Or
leans, La, who shall be Secretary Treas
urer.
Article VII.-This act of incorporation
may be changed, altered or amended, or
this corporation may be dissolved by and
with the consent of the holders of two
thirds in amount of it's then outstanding
| stock at a general meeting convened for
that purpose, after thirty days notice In
writing mailed to each stockholders last
| publication in one of the daily newspa-
! pers published in the City of New Or
leans. as prescribed by law.
IL this corporation should be dissolved
| by limitation or otherwise, its affairs shall
be liquidated under the supervision OF
| three commissioners to be elected at a
general meeting of shareholders convened
for that purpose, after notice as above
/ provided in this Article, and they shall
| remain in office until the affairs of the
corporation shall have been fully liquidated
and in the case of the death or disability
| to act OF one or more of the said hquida-
| tors the survivor or survivors shall con-
tinue to act under the provisions and In
| accordance with the terms of Section 81
of Act 267 of 1914.
| Article VIII.-No shareholder of this
| corporation shall ever be held liable oil
responsible for the contracts or faults OF
this corporation in any further sum. thai
the Unpaid balance due upon the shares
| of stock owned by him. nor shall an!
mere informality in the organization have
the effect of rendering this charter null
or of exposing any shareholder to any
upon his stock; nor shall any infOrmalit,
or irregularity in the organization hav'
the effect of rendering any shareholder ii
able as a partner.
Thus done and passed, in my office. il
the City of New Orleans, on the day
month and year first hereinabove writ
ten, in the presence of Messieurs. Bur
witnesses, who hereunto sign their name
with the said appearers and me, Notary
after reading of the whole, and the salt
appearers have hereunto signed opposit
their names the number of shares o
stock of this corporation subscribed TO
by them.
(Original is signed).
Allen Mehle, 1922 Prytania street, \
o., La, AS shares; ]. Il. Lansing, 135
Hennessey ST., / share; Oscar l.. Cham
bers, 6161 Milne ST., ! share.
| witnesses: Burt W. Henry. F. Eisler.
CHAS. +. FLETCHINGER, Not. Pub
I, the undersigned, Recorder Of Mort