The herald. [volume] (New Orleans, La.) 1905-1953, 1918-02-28
CHARTER.

|
ally received by or rendered TO the corpo
alton Said Capital Stock may be increased
to Fifty Thousand (s5O.OOOO) Dollars.
| This corporation shall commence business
and become going concern as soon as nifty
per centum of said capital stock shall have
| been subscribed for and fifty per cent of thu
| amount so subscribed is actually paid for
All transfers of stock shall be mad
on the books of the corporation by tn
| surrender of the original certificate properl!
| endorsed for cancellation by the stockholde
in whose favor said stock is issued, or b!
| his duly authorized agent.
| No stockholder shall have the right L
| offer for sale, sell, transfer or assign an!
of the shares held by him or her withou
| first giving to the other stockholders through
the Secretary thirty days prior notice il
writing of such intention and the othe
| stockholders shall have the right TO pur
| chase said shares within thirty days from
| the receipt of said notice at their book value
| the matter shall be arbitrated, one arbi
! traitor who shall be vested with the power:
of amicable compounder TO be appointed by
| each side, and an umpire who shall also be
vested with the powers of amicable com
| FOUNDER, TO be selected by these two, who
| shall take oath and whose award or de-
cision shall be final and binding upon all
parties. The expence OF said arbitration shall
be equally divided between the shareholder
offering his stock and the other stockhOldeT
or stockholders; if none Of said stockholders
avail themselves of said right or privilege
to purchase said stock within thirty days
from the receipt of said notice, said stock
may then be sold to whomsoever the stock
holder may see ht
If the other stockholders within thirty
days offer to purchase more stock than is
offered for sale, then the stock so offered
for sale shall be divided among the stock
holders offering to purchase pro rata the
basis OF their then stockholdings in the
corporation
Article V.-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, 10 a number not exceeding five,
by the Board of Directors at any of its reg
uar 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
qualified: said Board of Directors with their
post Office addresses is as follows:
John Harry Bonck, 1924 N. 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 K
Bonck, whose address is 1924 n. 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 a 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 &c
continue TO hold over until their successors
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 unit
| their successors are elected.
The Board of Directors so elected shall
select from their number the officers o.
| the corporation, who shall be Presidents
| Treasurer, ! President and Secretary
| The election of directors shall be by ballot
and the persons receiving the largest number
| OF votes cast shall be declared elected Fo,
electing directors or for any other purpose
each share of stock, whether present or b,
written proxy shall be entitled to one 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 to make all necessary
| rules and bylaws, with power to 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 othe,
purpose, except as may be hereinafter di.
rected, shall be given in writing by the
Secretary to be deposited in the mail
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
an stockhoIders appearing as such upon the
books, unless a different notice is required
by law.
Article VlI.-This act of incorporation NAV
be modified, added to, changed or amended
or this corporation be dissolved by and with
the assent of the holders of two.tbiTds IN
| amount of its then entire outstanding stool
gwen at general meeting of the stockhold.
ers 10 De 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 10 the personal notice TO each
OF the stockholders as provided in Article
vi OF this charter; and such changes a,
may be made in reference to the increase
OF decrease OF the capital stock shall b,
preceded by such notice, delays and for
maiities as are provided by law
In the event of the dissolution of sa;r
| corporation either by limitation of its char
ter OF otherwise; its affairs shall be Iiquidatct
| oy thIee commissioners to be appointed anC
| elected at secipal meeting called for tba
purpose as above provided, and thew shat
| remain IN office until the affairs of said cor
| poratlon shall be fully liquidated: and II
case OF the death, inability, or resignation
OF one or more of said liqudators the sur
viyors Or survivor shall continue to act.
Article VI1I.-No stakeholder shall eve,
| De heId liable or responsible for the con
| tracts or faults of this corporation in an,
further sum then the unpaid balance due t
/
nor shall any mere informality in organi
| cation have the effect of rendering this Char
| te, null or OF exposing a stakeholder TO liza
putty beyond the amount of his unpaid stool
| if any. S'OS'
The subscribers hereto have placed oppos;,,
their respective names the numbered Shares
subscribed for by each of them so that tb;s
sct may serve as the original subscriptior
list of said corporation pawn
And here. the subscribers, Mrs. Anita K
B Bonck' widow, said Mrs: Letitia Resale
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 owne1s
IN lndiyision in the proportion of an undi.
SIaea one fourth to each of them of the
commercial business conducted prior 10 his
death by their husband and father respect.
lveiy, the late John Henry Bonck, and IateIv
conducted by them under the name and stvIe
OF John II. Bonck and Co. in indiyision VIII
,ne minors, John Porter Bonck, Harold Stan
;;On nonck ana Anita Rosalie Bonck whose
interest IN the merchandise, stock in trade.
accounts collectible, machinery, Office furni.
ture and fixtures belonging to and consti
IDutlng SAD business said Mrs Anita K.
Bonck, Mrs. Letitia Bonck Miranne and
SG1n harry Bonek and said minor Lucien
sidney Bonck, through his tutor Whitney
central Trust ard Savings Bank duly author.
iled so to do, acquired by purchase in par.
Ition proceedings under a Judgment of The
Slvil District Court for the Parish of Or
leans said Mrs. Anita X. Bonck, widow.
Said MIS-; Letitia Bonck Miranne and said
wife, said John Harry Bonck, and said minor
Lucien Sidney Bonck through his tutor Whit.
hey-Oentrai Trust and Savings Bank in nav.
f me II Tor all their respective subscriptions
LOT Ihirty Seven and one-half shares of the
capital stock of this corporation 10 each of
SAt