The herald., 1918-07-18
CHARTER.

break at pleasure: to make all necessary
rules and regulations for its corporate
management and control and IL shall have
and enjoy all the rights, privileges ana
immuuItieS which are now conferred upon
or may hereafter br granted to corpora
tons of the same kind and character.
Article 1.-THE domicilr of said corpor-
alton shall Toe in the city OF New Orleans,
state Of Louisiana. and an citation and
other legal process shall toe served upon
"a" President of said corporation, and, IN
rt>" of his absence. upon the \iCe-PrcSi-
dent ana In lhr cas-" OF the absence OF
both upon the Secretary Treasurer.
Article IlI.-Thr objects ana purposes
for which said CORPORATION h. organized
are declared To be. TO buy. sell and gen
orally deal in any line of merchandise, at
wholesale or retail, SIS manufacturers
agents. district representatives. brokers or
otherwise. particularly iu hides ana lrath-
,r. and to manufacture the same into Cy-
cry kind and character of commodities,
10 30 81 general export and import bust
ness in keeping with IA" objects and pur-
poses herein set forth, said business to he
carried on throughout the United states,
Guatemala and AN foreign countries; said
business to he conducted by the corpora
ton in its own name, or as agents for
others, on q commission basis or other
wise, ana generally TO 10 any and all
things incidental nT gcruauc 10 any OF
ia" objects and purposes of a mercantile
business. The said corporation may own,
buy. sell. lease and hypOthcCutc such real
estate as the Board of Directors may deem
TIT and proper.
Article N.-The capital stock Of said
corporation is hereby fixed at the sum Of
fifty Thousand dollars ($jUOuoOO) divided
into five hundred GOW shares of the par
value of one hundred dollars tSlOnOD
each, aud said stock may be issued for
cash or in payment of property or ser
vices actually received bY OF rendered to
the corporation. said corporation shall be
% going concern when thirty thousand
dollars i$50oooo0l of its capital stock
shall have been subscribed and paid for.
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
original subscription.
No transfer of stock shall be binding
on this corporation unless made and re
corded upon its books.
The amount to which the capital stock
Of said corporation may be increased is
hereby fixed AT the sum of one hundred
thousand dollars $500 OuOOO1.
Each share of stock shall be entitled TO
one vote at all meetings of stockholders
TO toe cast in person or 10y written proxy.
Any stakeholder wishing to dispose Of
his stock, either in whole or In part shall
first offer the same 10 the stockholders of
the corporation. ut the book value of said
stock, and to be purchased 10y them in
proportion to the stock held by them in
the corporation. and they shall have ten
days within which to accept said offer,
and failing to take advantage of said of
stock may be 10 any third party.
Article N.-All the powers of said cor
poratiOn shall he vested i'm and exercised
by a Board of Directors to be composed
of three stockholders, "A majority Of whom
shall constitute quorum for the trans
action of all business.
The Board of Directors shall elect annu-
ally from its number a President. a Vice
President and a Secretary Treasurer, said
Board and said officers to hold Office un-
til their successors shall have been elect
eel and qualified.
The Board of Directors shall be elected
annually at general meeting of share
holders TO be held on the second Tuesday
in June of each year, after ten days writ
ten notice mailed to each stOckhOlder by
the secretary, at said stockholders last
known address appearing upon the books
of the corporation, unless such notice be
waived in writing by all the stockholders
appearing as such upon the books OF the
corporation.
The first meeting of stockholders pro-
vided for in this charter shall be held on
the second Tuesday in June, 1919, and un-
til said meeting of stockholders the Board
of Directors of this corporation shall con-
sist of: GuStave Hammar, 70i Webster
| St. New Orleans, La; Edward Felice, 2040
| Milan St. New Orleans, La; Martin ii.
| ManiOn, 3l1 Hennen Bldg, New Orleans
| La, of whom Gustave Hammar shall be
President, Martin ii. ManiOn, shall be Vice
President, and Edward Felice shall be
| Secretary Treasurer. and who shall hold
| OffiCe, as stated, until their SUCCESSORS are
| elected and qualified at the annual meet
| ing to be held on the second Tuesday Of
June, 1919.
Article VI.-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 its then outstanding
stock ut a general meeting convened for
that purpose after thirty days notice In
writing mailed to each stockholders last
known address.
| IL this corporation should be dissolved
| by limitation or otherwise, its affairs shall
| be liquidated, under he supervision OF
| three cOmm ssioners TO be elected ut a gen
eral meeting of shareholders convened for
| that purpose, after notice as above pro-
vided in this article, and they shall re-
main in Office until the affairs of the cor
pOration shall have been fully liquidated;
and in case of the death or disability to
act OF one or more of the said liquidators,
the survivor or survivors shall continue
to act under the provisions and In ac-
cordance with the terms of Section 80 of
Act 267 of 1914.
Article VII.--NO shareholder of this cor
pOration shall ever be held liable or re-
spOnsible for the contracts or faults OF
this corporation in any further sum than
the unpaid balance due upon the shares
of stock owned by him; nor shall any
mere informally in the organization have
the effect of rendering this charter null or
of exposing any shareholder to any liabil
ity beyond the unpaid balance due upon
his stock: nor shall any infOrmallty or
irregularity in the organization have the
effect of rendering any shareholder liable
as partner.
! Thus done and passed, in my Office, I'm
| the City of New Orleans. on the day,
month and year herein first above written,
| in the presence Of Messieurs. August ii.
Ritter and Albert Ritter, competent wit
nesses. who hereuntO sign their names
with the said appearers and me, Notary,
after reading of the whole, and the said
appearers have hereunto signed opposite
their names the number Of shares of stock
of this corporation subscribed for by
them.
| (Original signed):
| G.. Hammar. 70i Webster ST., $50 shares
r. Felce, 20i0 Milan St., 1i9 shares; Mar
tin Ii. Manion, 81 Hennen Bldg, one (1)
share.
witnesses: A. ii. Ritter, Albert Ritter
]. NJ. QUINTERO, Not. Pub
l. the undersigned, Recorder of Mort
cages, in and for the Parish of Orleans
State of Louisiana. do hereby certify tina
the above and foregoing act of incorpora
ton of the International Hide & Leathe
Company, Inc, was this day duly record
ed in my office, In book 1222, folio -
, New Orleans, La, July 10, 1918.
(Signed) EMILE ]. LEONARD, by. II
]. VI. QUINTERO. Not. Pub
July ll-lS-2S-Aug. 1915