The herald. [volume] (New Orleans, La.) 1905-1953, 1919-03-27
CHARTER.

several parties whose names are hereunto
| subscribed who severally declared that
awaiting themselves of the laws of the
State of Louisiana in such cases made and
provided, they have contracted and agreed
and, by these presents contract, agree and
| bind themselves as well AS all others who
may hereafter become associated with them,
/ to form corporation for the objects
and purposes hereinafter set out and
under articles and stipulations, as follows,
to-wit:
/ ARTICLE 1.-The name of this corpora
tion shall be Equitable Sales Corporation
Inc, by which name said corporation shall
have and enjoy corporate existence for the
term of ninety nine years from and after
the date hereof, unless sooner dissolved
by law. Its dOmicile shall be in the City
of New Orleans, State of Louisiana, and
il shall have, for the purpose of the bust
ness to be carried Oh by il. all power
and authority conferred by law upon cor
pOratiOnS, and shall generally exercise all
the powers necessary and proper to carry
on said business.
ARTICLE Il-Al citation and other
legal process shall be on the President and.
in his absence, on the Vice President or
other officer of the corporation.
ARTICLE III.-The objects and purposes
for which this corporation is organized
and the nature of the business TO be car
! ried on by 1t are hereby declared TO be
/ the following: To carry a general
brokerage business in all its phases, as
well as to act as attorney in fact i'll all
legal enterprises; also, TO buy, sell and
! finance-real estate, stocks. bonds notes.
open account, commercial paper, obligations
and securities; TO lend and borrow money
on property, real and personal, and to act
as agent for individuals and firms and cor
pOratiOns. And generally to do and per
form all acts necessary or incidental to the
above designated businesses or connected
! Herewith i'll any wise.
ARTICLE IV.-The capital stock of this
corporation is hereby declared to be Five
Thousand Dollars tS5.G0O) which shall con
sist of fifty shares of the par value of
One Hundred Dollars $500 each fifty per
cent of the said capital stock shall be
subscribed before the filing of these
| articles of incorporation. and fifty per cent
of the said subscribed capital shall be
paid in before this corporation shall en-
| gage in business. The remainder of the
| capital stock shall be paid in, at such
times as the Board of Directors may de
termine. All stock shall be paid for in
cash or its equivalent in labor done for
the benefit of the corporation or property
. actually received by the corporation. The
amount to which the capital of this cor
pOratiOn may he increased is fixed mt the
sum of 100000. No transfer of stock of
this corporation shall be binding unless
made on the books OF this corporation, as
far concerns this corporation, and no
sale or other disposal of the stock Of this
corporation shall be valid unless first of
fered to the remaining stockholders of
this company for ten days at Il price not
to exceed the book value thereof on the
date of said offer after which if the said
offer is not accepted. by any stakeholder.
the stock may be offered and sold by the
| owner thereof to any purchaser. All stock
acquired in this corporation shall he sub
ject to this provision of the charter.
ARTICLE V.-All the powers of this cor
pOration shall be vested in and the bust
ness and affairs of this corporation shall
be managed by a Board of Directors com
posed of five stockholders, any three of
which shall constitute quorum for tn"
. transaction of the business of this cor
pOration. The Board of Directors. except
the first Board named in this charter,
| shall be elected annually by the stock
holders on the First Tuesday of the month
/ of March. The first Board and every sue
ceeding board shall serve for one year or
until their successors are elected and
qualified. Each Board of Directors, shall,
/ after its election. choose from its number
a President who shall be General Manager
. of this corporation. Vice President, Il
/ Secretary and Il Treasurer, and may grant
to the said officers such powers as the
/ Board may deem fit and proper. All cleo
tiOns shall be by ballot at the office of
the company under the supervision of
three commissioners to be appointed by
the Board. Notice of said meeting shall
be given of said meeting by the Secretary
i'll writing to be delivered to each stock
holder in person or mailed to him at his
last known address at least fifteen days
before the date fixed for the meeting or
election. This notice may be waived by
unanimous consent of the stockholders.
At all such elections and at all meetings
/ of the stockholders. every Stockholder
shall be entitled to one vote for each share
standing in his name on the books of the
company ut the date of the said meeting
or election. Said votes may he cast by
proxy, said proxy being i'll writing, and
| "a majority of votes east shall elect or
determine. The failure to elect directors
ut the annual meeting shall not dissolve
this corporation nor impair its manage
mcnt in any way the directors then in
holding Successors
are elected and qualified. All vacancies
on the Board from whatever cause shall
be filled by the remaining directors. Any
member of the Board may appoint proxy
| to represent him mt the meeting of the
Board provided the proxy is in writing
and the one appointed is director on the
! said Board. The Board of directors may
make and amend all bylaws rules and
| regulations necessary and proper for the
management of this corporation. The
first Board of Directors shall consist of
the following: j. Il. Fellheimer. New Or
leans Louisiana. Abe Luria, New Orleans,
Louisiana. Milton X. Beauvais, Charles
Schneidau, New Orleans Louisiana. Robert
S. Bohannan., and of the above directors.
J. Il. Fellheimer, shall be President and
| General Manager. 4. Luria, shall be Vice
President Milton r. Beauvais, shall be
Secretary, Charles Schneidau, shall be
Treasurer.
| ARTICLE VI-ThiS act of Incorporation
may be modified, changed altered and
amended. or said corporation may be dis
solved according to law as set out in the
Statutes of this State. All notices re-
quired by law may be waived by
unanimous consent of the stockholders. In
case of liquidation of this corporation, its
affairs shall be wound up by two com
missioners to be elected by the stock
holders.
ARTICLE Vino stakeholder shall
ever be liable for the contracts or faults
of this corporation in any further sum
than the unpaid balance remaining due
on his stock subscription; nor shall nay
mere infOrmality in organization have the
effect of rendering this charter null
or OF exposing any stock holder to any
liability beyond the unpaid balance
of his stock subscription. The sub
scribers have hereuntO written opposite
their names the amount subscribed for by
each of them respectively so that this
act of incorporation may act as the
original subscription list of the corpora
ton, and they have stated their pOstoffice
addresses all in conformity with the Act
267 of 1914 of the State of Louisiana.
Thus zone and passed in my office this
10Th day of March 1919, in the presence of
E. NJ Robert and Henry L. Hammet, COM
petent witnesses, residents of New Orleans,
La who have hereunto signed their names
with the said appearers and me- Notary,
/ after a due reading of the whole.
Witnesses: E. VI. Robert, Henry l.. Ham
NETT. IN,
Original Signed) Charles Schneidau. 2O4
Carondelet Street, New Orleans, La, $500
10 shares: J. Il. Fellheimer, Hibernia
Bldg. New Orleans, La, $500, shares
a.. Dnt rtH N