The herald. [volume] (New Orleans, La.) 1905-1953, 1918-02-07
CHARTER.


days offer TO purchase more stock than is
offered for sale, then the stock 50 offered
for sale shall be divided among the stock
holders offering to purchase pro rata on the
basis OF. their then st0ckhOldings in the
corporation.
Article N.-All the corporate powers Of this
corporation shall be vested in and exercised
by a Board of Directors composed of three
stockholders, the membership OF which may
be increased, TO a number not exceeding FIVE,
by the Board OF Directors at any of its reg
ular meetings; each director shall be bona
ide stakeholder. The first Board of Direc-
tors shall serve until the election to be held
on the second Tuesday in February, 1919,
and until their successors are elected and
qualihed; said Board of Directors with their
post office addresses is as follows:
John Harry Bonck. 1924 y. Dupre St, New
Orleans, Louisiana, who shall be President
Treasurer, Mrs. Letitia Bonck Miranne,
whose address is Rayville, Louisiana, who
shall be Vice President. and Mrs Anita X
Bonck, whose address is 1924 y. Dupre ST.,
New Orleans, Louisiana, who shall be Sec
rotary.
On the second Tuesday in February. 1919,
and annually thereafter, except when that
day falls upon legal holiday, then upon
the next following lay day, the stockholders
shall elect a Board of Directors for the
ensuing year. the board already installed to
are elected and qualified Failure TO hold
said annual meeting on the day specified
shall not dissolve the corporation but the
directors then in office shall hold over until
their successors are elected.
The Board of Directors 50 elected shall
select from their own number the officers OF
the corporation. who shall be President
Treasurer, Z Nice-Presdent and a Secretary.
The election of directors shall be by ballot.
and the persons receiving the largest number
Of votes cast shall be declared elected. For
electing directors or for any other purpose,
each share of stock, whether present or by
written proxy shall be entitled - vote.
The said Board of Directors shall have
power and authority to make all necessary
rules and regulations for the management,
operation and control Of the business OF the
corporation as well as to make all necessary
rules and bylaws, with power 70 fill any
vacancy occurring in their number, or any
vacancy occurring among the officers of the
corporation.
Article VI-Notice of all meetings of stock
holders for electing directors or for any other
purpose, except as may be hereinafter di-
rected. shall be given In writing by the
Secretary to be deposited in the mail
postage prepaid, at least fifteen DAYS before
such meeting, directed TO each stockholder,
at his or her last known address as the same
may appear on the books of the corporation
unless such notice is waived in writing by
all stockholders appearing as such upon the
books, unless a different notice is required
by law.
Article NII.-This act of incorporation may
be modified, added to, changed, or amended,
or this corporation be dissolved by and with
the assent of the holders of two-thirds in
amount OF its then entire outstanding stock
given at a general meeting of the stockhold-
ers 10 be convene after fifteen days prior
notice TO be given in one of the daily news
papers published in the City of New Orleans
in addition to the personal notice TO each
Of the stockholders as provided in Article
VI of this charter; and such changes as
may be made in reference TO the increase
or decrease of the capital stock shall be
preceded by such notice. delays and for
malities as are provided by law.
In the event of the dissolution of said
corporation either by limitation of its char
ter of otherwise; its affairs shall be liqudatcd
by three commissioners to be appointed and
purpose as above provided, and they shall
remain in office until the affairs of said cor
poration shall be fully liquidated; and in
case Of the death, inability, or resignation
Of one or more of said liquidators the sur
vivors or survivor shall continue TO act.
Article VIII.-No stockholder shall ever
be held liable or responsible for the con-
tracts or faults of this corporation in any
further sum then the unpaid balance due to
the corporation on the shares owned by him;
nor shall any mere informality in organi-
zation have the effect of rendering this char
ter null or of exposing a stakeholder to liza
bility beyond the amount Of his unpaid stock
if any.
The subscribers hereto have placed opposite
their respective the numberof shares
subscribed for by each of them so that this
act may serve as the original subscription
list of said corporation.
And here the subscribers, Mrs. Anita X
Bonck, widow, said Mrs. Letitia Rosalie
Bonck, wife of Cheri A. Miranne, Jr. said
John Harry Bonck and said Lucien Sidney
Bonck acting by and through his dative
tutor, Whitney-Central Trust and Savings
Bank, declared that whereas they are owners,
he nf
vided one fourth to each of them of the
commercial business conducted prior TO his
death by their husband and father respect
lively, the late John Henry Bonck, and lately
conducted by them under the name and style
OF John II. Bonck and Co. in indivision with,
the minors, John Porter Bonck, Harold Stan
ton Bonck and Anita Resale Bonck whose
interest in the merchandise, stock in trade,
accounts collectible, machinery, office furni-
ture and fixtures belonging to and consti-
tuting said business said Mrs. Anita X.
Bonck. Mrs. Letitia Bonck Mranne and
John Harry Bonck and said minor Lucien
Central Trust and Savings Bank duly author
lied so to do, acquired by purchase in par
tition proceedings under a judgment of the
Civil District Court for the Parish of Or
said Mrs: Letitia Bonck Miranne and said
L. A. Miranne, Jr., TO authorize his said
wife. said John Harry Bonck, and said minor
Lucien Sidney Bonck through his tutor Whit
ment for all their respective subscriptions
for Thirty Seven and one-half shares of the
capital stock of this corporation TO each of
them, hereby assigns, set over and deliver
to said corporation all of their respective
rights, title and interest in said business
up to the sum of Four thousand seven hun
dred thirty-fOur and $500 Dollars to each
OF them. the net value of which business
owned in indivision aforesaid and herein
amounting to the sum of Eighteen thousand
nine hundred thirty-eight and 34/1O0 (SlS,-
9S.4 dollars as per the attached list and II
detailed account of the affairs of said part
nership and business, hereto annexed and
made. part of this act of Incorporation.
And here the said Mrs. Anita X Bonck,
widow. said John Harry Bonck and said
Mrs: Letitia Resale Bonck, wife of said
A. Miranne, Jr:, and said c. A. Miranne,
Jr. to authorize his said wife, herein repre-
sented by John Harry Bonck under a power
Of attorney dated December 18th, 1917, con-
the board of directors of this cor
poration hereby value and appraise the said
business at more than fifteen thousand dol l
lars Sl5.OOOO0 and said John Harry Bonck !
and said Mrs. Anita X. Bonck being frstl
severally. sworn by the undersigned Notary, |
each declare that over fifty per cent of the |
actually subscribed and paid for. \
Thus done and signed. at my Office at the |
City of New Orleans on the day, month and |
year, herein above first written in the pres |
ence of Irving r. Saal and Edward l. Szabary
witnesses who have signed these |
presents, together with said appearers and |
me, Notary. after due reading of the whole !
Original Signed: Names of Subscribers
Witnesses: /. r. Saal, F. L. Szabarv.
A. w. COOPER, Not. Pub. |
I, the undersigned recorder of mortgages.
in and for the Parish of OrIaa,e Co.. ofl