The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-07
CHARTER.

alton. Said Capital Stock may be increase
to Fifty Thousand (S50,O0OO) Dollars.
This corporation shall commence bushes
and become going concern as soon as NIT
per centum of said capital stock shall hav
been subscribed for and fifty per cent of tn
amount 50 subscribed is actually paid fol
All transfers Of stock shall be mad
on the books OF the corporation by tn
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 t
offer for sale, sell, transfer or assign an
Of the shares held by him or her withou
the Secretary thirty days prior notice i,
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
and in case Of dissatisfaction as to the price
the matter shall be arbitrated, one arbi
traitor who shall be vested with the power
OF amicable compounder TO be appointed b,
each side, and an umpire who shall also b
vested with the powers of amicable com
FOUNDER, to be selected by these two, VIII
shall take oath and whose award or de
cision shall be final and binding upon al
parties. The eXpence of said arbitration shall
be equally divided between the shareholde
offering his stock and the other stOckholde
or stockholders; If none of said stockholder
avail themselves Of said right or privileg
to purchase said stock within thirty day
from the receipt of said notice, said stool
may then be sold to whOmsoever the stock
holder may see fit.
If the other stockholders within thirt,
days offer to purchase more stock than i
offered for sale, then the stock so offere,
for sale shall be divided among the stock
holders offering to purchase pro rata on tn
basis OF their then stockholdngs in tn
corporation.
Article V-All the corporate powers of thi
corporation shall be vested in and exercised
by a Board of Directors composed of thret
stockholders, the membership of which ma,
be increased, to a number not exceeding FIVE
by the Board OF Directors at any of its reg
ular meetings; each director shall be bon;
hde stakeholder. The first Board of Direc
tors shall serve until the election to be he'll,
on the second Tuesday in February, 1919
and until their successors. are elected ant
qualified; said Board of Directors with the
post office addresses is as follows:
John Harry Bonck, 1924 n. Dupre St, New
Orleans, Louisiana, who shall be President
Treasurer, Mrs. Letitia Bonck Mranne
whose address is Rayville, Louisiana, VIII,
shall be Nice-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 tina
day falls upon a legal holiday, then upor
the next following lay day, the stockholder
shall elect a Board of Directors for tn,
ensuing year, the board already installed Il
continue to hold over until their successor
are elected and qualified. Failure 10 hole
SAID annual meeting on the day specified
shall not dissolve the corporation but III,
their successors are elected
The Board of Directors so elected shall
select from their own number the officers O
the corporation, who shall be President
Treasurer, ] Vice-President and a Secretary
The election of directors shall be by ballot
and the persons receiving the largest numbe
OF votes cast shall be declared elected. Fo
electlng 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 hav,
power and authority to make all necessar,
rules and regulations for the management
operation and control of the business of tn,
corporation as well as to make all necessar,
rules and bylaws, with power to fill an,
vacancy occurring in their number, or any
vacancy occurring among the officers of tht
corporation.
Article VI.-Notice of all meetings of stock
holders for electing directors or for any othe-
purpose, except may be hereinafter HI
Tected, shall be given in writing by The
Secretary to be deposited in the mai
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 cornorat;or
unless such notice is waived in writing by
an stockholders appearing as such upon the
books, unless different notice is REQUIRED
by law.
Article VII.-This act of iucorporat;on ,,,y
De modihed, added TO, changed, or amended
or TINS corporation be dissolved by and with
the assent of the holders of two-thirds in
amount OF ITS then entire outstanding stock
gwen at a general meeting of the stockhold.
ers to 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
OF 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 Iiouidated
oy three commissioners to be appointed and
erected at a secipal meeting called for that
purpose as above provided, and they shall
Iemain IN ofhee until the affairs of said cor
poratlon 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 Viil.-No stakeholder shall ever
tracts or faults of this corporation in anr
further sum then the unpaid balance due n
the corporation on the shares owned by III,
nor shall any mere informality in organ,
Idtion nave the effect of rendering this char.
Ter null or OF exposing a stockholder 10 la
Dility beyond the amount of his unpaid stool
if any. 1''paiu SUCK
The subscribers hereto have placed opposit.
their respective names the numbered sbares
subscribed for by each of them so that This
dcI may serve as the original subscription
list OF said corporation.
po And here the subscribers. Mrs. Anita X.
BBonck, widow. said Mrs. Letitia Resale
Bonck, wife of Cheri A. Miranne. Ir, said
gohn Harry Bonck and said Lucien Sidney
Bonck acting by and through his dat;ve
tutor, Whitney-Cent Trust and Savings
pank' aeciared that whereas they are owners
~ inuivlslon IN the proportion of an undi.
Vlded one fourth to each of them of m.
commercial business conducted prior 10 his
death by their husband and father reSnec,'
vely, the late John Henry Bonck, and lately
'onducted by them under the name and stvIe
u John II. Bonck and Co. in indivision with
me minors, John Porter Bonck, Harold Stan
on Bonck and Anita Resale Bonck who's.
interest IN the merchandise, stock in trade
Mounts r,re ad cSlectible, machinery, Office furn.
11tlng said business said Mrs. Anita K.
bonck, Mrs. Letitia Bonck Miranne and
Ohm Harry Bonck and said minor Iucien
SSldney, Bonck, through his tutor Whitney,
led so t 10 81 and Savings Bank duly author
Ito, proceedings under a judgment of the
. . district Court for the Parish of Or
aid Mrs Letitia Bonck Miranne and said
. A. Miranne, Jr, TO authorize his said
'lfe' said John Harry Bonck, and said minor
,ueien Sidney Bonck through his tutor Whit.
ey-Oentral Trust and Savings Bank in nav.
tent for all their respective subscriptions
pr Ihirty Seven and one-half shares of the |
apltai stock of this corporation to each Of |
mem, hereby assigns, set over and deliver
SAID corporation all OF their resnectixe