The herald., 1918-05-16

| jSeaD
(Signedl EMILE J. LEONARD, d. L.
'''' CHARLES ROsEN, Not. Pub.
| Apr. IS - May 2-9-l6-23
CHARTER
IOF THE NEW ORLEANS PAWN BROk-
Frs ASSOCIATION, INC.
! UNITED STATES OF AMERICA,
| STATE OF LOUISIANA.
PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
Be i. known. Thu; on this 18th day OF
April in The year OF our Lord one thousand
! nine hundred and eighteen. and Of the In
| dependence Of the United States Of America,
the one hundred and forty second.
Before ne, Arthur 4. Moreno, a Notary
! Public in and for the Parish OF Orleans,
State OF Louisiana, duly commissioned and
qualified, and in the presence OF the Wit
nesses hereinafter named and undersigned,
personally came and appeared the following
persons whose names are he-eunto sub
scribed who Severally declare that availlng
themselves Of the provisions Of Ac. 25+ OF
1914. relative to the organization OF non
trading corporations. they have C0yeranted
and agreed. and do by these presents cove
nant and agree. and bind and obigate them
selves as well such other persons as may
hereafte. become associated with them or
their successors. 70 form and constitute
themselves into corporation and body poll
tic in law, and for the objects and purposes
and under agreements ana StlpiIaIohS 10
wit:
Article 1.-The name and title Of this
corporation shall be the New Orleans Pawn
Brokers Association. Inc, and by that name
said corporation shall have power and au
thority 20 have and enjoy succession for the
full term OF ninety years from the date
hereof; 70 contract, sue and be sued; TO
make and Use a corporate seal; 70 purchase
and reCeive. lease. hold, sell, convey, as
we'll as mortgage and hypo;hecate, property
real. personal OF mixed; TO name and appoint
such officers and agents the interest OF
said corporation may require; and TO make
and establish such bylaws and regulations
for the proper management and regulation
OF its affairs as may be deemed necessary,
an dthe same TO change and alter az pleasure
Article 1.-THE domjcle of said corpora
ton shall be in the City of New Orleans
State OF Louisiana, and all citation and other
legal process shall be served upon the presi-
dent OF said corporation, and. in case OF
his absence. upon the vice president, and
in case Of the absence of both OF these Of
ficers, in the manner provided for service
upon a domestic business corporation.
Article III.-The objects and purposes for
which this corporation IS established are de-
clared 20 be for non-trading and social pur-
poses, 10 assist and encourage the advance
nent OF the material prosperity and progress
OF the national Government, State of Louis
lana. ard the City of New Orleans, 10 pro-
mote the general interest of the business
OF pawn brokers, to advise and consult to
the end OF promoting legislation for the
proper conduct Of the business OF pawn brok-
ers; 70 aid the State and city officials in
the efficient enforcement OF the State and
Municipal laws relative to the business OF
Pawn brokers; TO do all acts in furtherance
OF the welfare Of the community in so far
as such acts relate to the business of pawn
brokers.
Article IV.-The membership Of this cor
poration shall be elected from time 70 time
in the manner prescribed by the rules and
regulations of the Board of Directors and
shall pay annually as dues an amount not
to exceed $500 to be fixed by the Board
OF Directors at sits first meeting in each
year after January LIST, but not to exceed
$500
Article V.-No member shall ever be liable
or responsible for the Indebtedness, faults,
defaults Of this corporation, nor shall any
mere informality in the organization of the
corporation have any effect of rendering the
charter null or of exposing the members TO
any liability whatsoever.
Article NI.-This corporation shall have all
powers granted 20 such corporations by laws,
and shall have the power TO contract. sue
and be sued. in its corporate name, and to
own real estate not TO exceed the amount
fixed by law, to borrow, lease, purchase,
sell and convey any property real or per
sonal necessary TO the uses and purposes for
which this corporation is organized. or mort
property, and 70 do any and all acts and
things OF any other kind, nature or descrip-
tion, as may be necessary to carry out the
objects and purposes OF said business, as its
interests and canveniences may require.
Article NII.-The business of said corpo-
ration shall be directed by and vested in
Board OF Directors composed of eleven mem
bers 10 be elected annually at a meeting
Of the members. The members Of the Board
of Directors shall have all the power vested
by law. in the Board of Directors and shall
have the further power TO adopt such by
laws, rules and regulations for the govern
ment and guidance Of the members of the
Association. The Board of Directors shall
also have the power to call a special meeting
Of the members of the Association, BY Civ
ing written notice to each seven days in
advance Of the date of said meeting. mailed
TO their last post office address 10 try any
member charged with the violation of the
rules and regulations or Of the bylaws and
charter OF the Association. TO fix the man
ner and procedure of trial, and TO expel any
member after trial whenever the majority OF
those trying him in the manner herein pro-
vided for shall vote for his expulsion, and
the fact that the courts of the State have
not passed on the said alleged violation shall
not be bar to the power OF the Board of
Directors TO eXpel such member. The Board
of Directors shall have the right to promote
by adequate means the passage and enforce
ment of the necessary laws and ordinances
tor the proper conduct OF the business of
pawn brokers: A majority of members of
the Board OF Directors shall constitute
quorum sufficient for the transaction of
business of the Association. The Board OF
Directors shall be elected annually al
meeting held on the first Monday in April
OF each year. at such time and place as shall
be designated by the president after proper
notice, and the directors shall be chosen BY
ballot The first board of directors who
shall hold office until the annual election
OF April, 1919, shall be Morris J. Rosenthal,
Joseph Rittenberg, Gus Michaelis, s Fer
tel. $. J. Hart. NJ NJ. Levy, G. Cohen, ].
Niuehill, p. Copeland. II. Koritzky. and
Charles Weinberger. All vacancies on the
Board of Directors occurring between cleo
the remaining directors. Charles Weinberg
er shall be first president. Morris NJ Levy
shall be first vice-president, and Morris
Rosenthal shall be first secretary, and Joe
Rttenberg treasurer. Failure 10 elect d.
rectors at the annual eelction, or failure to
hold an election on the day specified shall
not dissolve the corporation but the direc-
tors in office shall hold their respective Of
tiees until an election shall have been held
alter ten days notice of the time and place
thereof given 10 each stockholder
Article NIII.-Whenever this corporation
IS dissolved, either by limitation or for any
other cause, its affairs shall be liquidated
by the Board OF Directors, who are hereby
vested with full power TO sell any and all
assets OF the corporation, either separately
or IN mass, and TO convey full and com
plete title thereto, and shall have full power
to do and perform all acts necessary and
proper to fully and completely liquidate the
affairs and distribute the proceeds, IL any,
among the stockholders of the said corpora
ton to the amount of stock held by ecah
Article IN.-This act OF Incorporation may
be amended. altered modified