The herald. [volume] (New Orleans, La.) 1905-1953, 1919-08-14
CHARTER.
CHARTER OF L. M. COHEN COMPANY
INCORPORATED.


lord. One Thousand, Nine Hundred ana
Nineteen and OF the Independence OF the
United States Of America the one Huhd' Gu
and Forty-third. Before me, Herman l.
Barnett, Notary Public, duly e2 m
stoned and qualified, in and for the farlSA
OF Orleans. State Of Louisiana, therein re
siding and in the presence u the Witnesses
hereinafter named and undersigned, PeIso.i-
ally came and appeared the several PEI SoiIs
whose names are hereunto subscribed, All OF
,ba full age of majority, who severally de-
ciared to me, Notary, that avaihng themselves
of the laws Of the State OF louisiana III
such cases made and pTovlded, and more par
ticularly Of Act 26 Of the General Assembly
n the creation, organization and tormauon
OF corporations, they have covenanted ana
agreed and by these presents do covenant
and agree and bind themselves, as wen dS
all such other persons as may h e e
come associated with them, to form cor,
poration for the objects and purposes ana
u1der the articles and stipulatlons follow
ing, to-wit:
ARTICLE I--Tne name and title OF TINS
corporation shall be, L. NJ. Cohen company,
Incorporated, and under its corporate na-le
il shall have power and authority 10 nave
and TO enjoy corporate existence tor periou
OF ninety-nine years from date hereot uh
less sooner dissolved by liquidation or other
wise; it shall have power TO contract 10 sue
and 70 be sued, to make and use a corporate
seal and to alter and break same at pleasure;
to hold, release, receive, purchase, transfer
assign, convey, mortgage, hypotheca'e,
pledge or otherwise receive or dispose %
property, real personal and mixed GorPoreaI
and Incorporate; to issue bonds and II de
sired 70 secure the same by mortgage; TO
buy and hold stock in other companies IN
cident TO the objects and purposes OF 10
the expansion Of the business interests OF
the corporation; to name, elect and appoint
such managers, agents, directors, or OF
ficers as its business interests may re,
ouire and to make and establish, alter and
amend, its bylaws, rules and regulations
for its proper government as may be deemed
necessary and proper and generally to do
any and all things incident to or necessary
and proper for the extension OF the Dusi-
ness in which the corporation is engaged
ARTICLE u-This corporation shall be
dsmiciled in the City OF New orleans III
the State OF Louisiana, and all citation OF
other legal process shall be served upon the
President of the Corporation and IN the
event of his absence upon the Nlce-Presldent.
ARTICLE III-The objects and purposes
for which this corporation is organized ana
created and the nature OF the business TO De
carried on by it declared TO be as 1ol-
lows: To engage in and carry on the gen
eral business OF importing and exporting
goods merchandise, products, 1--we STOCK
and in fact materials, objects and property
of all character and description. 10 nego
tiate make, effect and execute, covenants
sorts and character for itself or for others
covering or relating in any manner to the
importing or exporting OF goods ana prop
erty of every description or character. 10
act as a freight forwarding agent ana TO carry
On a general ship brokerage business. 10
Inv sell lease charter, rent, hire, Tor It
self or for others on commission or other
wise and to enter into and execute any CON
tract or agreement whatsoever relating 10
vehicles of all sorts and character utilized
IA UODdS
OF every description and character by water,
land or air. To engage generally IN
manufacturing business OF any nature Wha'
soeyer To engage in foreign as wei as
domestic commerce and in fact to carry on
anv of the businesses aforesaid IN the United
States or foreign countries.
To conduct and carry on such other bust
ness as may be found necessary or convenient
for properly effectuating the aforesaid pur
poses or enhancing the value OF the proper
ties, rights and privileges OF the corporation
ARTICLE IV.-The capital stock OF this
corporation is hereby fixed at the sum OF
Seven Thousand (S,000.00) Dollars and shall
be divided into and represented by Seventy
shares of the par value of One hundred
(SlOOOO Dollars each. Said stock snal oe
paid for in cash its equivalent as pro
vided by law and in such manner ana d.
such time and in such installments as may
be prescribed by the Board OF Directors.
This corporation shall become a going
concern and shall be authorred to commence
business when Thirty Five Hundred Dollars
Is3sOO.O0) of its capital stock shall nave
been subscribed for as provided by law, ana
when Three Thousand C$3.WOOO Dollars OF
the capital stock shall in TACT have been PAID
for either in cash or its equivalent.
ARTICLE V.--The capital stock OF this cor.
poration may be increased to the sum OF
Fifty Thousand &Sa0DOD Dollars oy
two-thirds vote of all the stock present or
represented at a special meeting called Tor
that purpose, or at regular annual meeting
ARTICLE VI.-Al certificates of stock
issued bv the corporation shall be signed
by the President and countersgned by the
Vice President or if authorized by resolution
of the Board of Directors shall be signed by
the President and countersIgned by the Sec
rotary and Treasurer" The stock OF TINS
corporation can be transferred only on the
books of the corporation and subject to suc1
regulations and formalites as may be by
the Board of Directors from time to tlme
prescribed. No stakeholder shall be per
mitted to sell or to otherwise dispose OF NJ.
stock without first offering the same II
writing to the other stockholders through
The Board of Directors at price not exceed
ing the book value thereof and the STOCK
holders shall have an option and first righ
to purchase all the shares OF stock to Dc
thus DISPOSED of by sale of by the death
resignation or otherwise of any OF the stock
holders of the corporation. and shall have
period of ten days in which to accept o.
decline such offer of stock.
Should the Board Of Directors or the stock
holders decline 10 purchase said stock Their
the stakeholder or stockholders VINO made tht
offer to sell or otherwise dispose of the
stock may sell or otherwise dispose OF it II
any manner and at any price that he o.
they may see fit But each share of stocl
is issued under the condition and understand
ing that no stakeholder shall make sale
or transfer of his stock in violation OF thi!
provision; and such sale or transfer il made
shall be void and this Company shall bt
under no obligation to list said stock or
its books or TO regard the holder of thu
certificate thereof.
ARTICLE VII.-The corporate powers o
this corporation shall be vested in and ex
ercised by Board of Directors composed o
three stockholders, two of whom shall con
sttute quorum for the transaction o
business. The Directors Of this corporation
may vote in person or by written proxy
any of the meetings of the Board of Direc
tors and the Board of Directors may dele
gate any of its powers TO any officer or OF
ficers or any other representative of tn
Company by appropriate resolutions to tina
effect.
The first Board of Directors of thi
Company shall be composed of the follow
ing: Louis NJ. Cohen, Morris B. Redmann
and William ]. Guste, all of New Orleans
La, with the following as officers: Loui
NJ. Cohen, President; Morris B. Redmann
Vice President, and William J. Guste, Secre
tary and Treasurer.
And they shall serve until the fourth Wed
nesday in June, 1919, or until their success
sors are elected and qualified. The DireC