The herald., 1919-05-01
lCHARTER OF EQUITABLE SALES
CORPORATION, INC.

| BE il known that on this 10Th day OF
the month Of March, 1919; before me,
scott T.. Beer Notary Public i'll and for
| the Parish of Orleans, Stat" of Louisiana,
therein residing, duly sworn. commissioned
and qualified, and i'll the preSenC" OF IN"
| witnesses hereinafter named, and under
signed personally came and appeared the
several parties whose names are hcreunto
| subscribed who Seyerally declared that
avaiiing themselves of the laws of the
State of Louisiana in such cases made ana
provided. they have contracted and agreed
and, by these presents. contract, agree ana
bind themselves, as well a. all others who
may hereafter become associated with them.
to form Il corporation for the objects
and purposes hereinafter set out ana
under articles and stipulatiOnS, is follows,
! to-wit:
ARTICLE 1.-The name of this corpora
ton shall he 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
it shall have, for the purpose of the bust
ness to be carried on by it, all power
and authority conferred by lirw upon cor
porations, and shall generally exercise all
the powers necessary and proper to carry
on said business.
ARTICLE II-All 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 il organized
and the nature of the business to be car
rird on by il are hereby declared to be
the following: To carry on general
brokerage business in all its phases, as
Well as to act as attorney i'll fact i'll all
legal enterprises: also. to buy, sell and
finance real estate, stocks. bonds, notes,
open account. commercial paper obligations
aud securities to lend and borrow money
on property, real and personal. and TO act
aS agent for individuals and firms and cor
pOratiOn>. And generally to do ami per
form all acts necessary or incidental TO tn"
above designated businesses or connected
Herewith i'll any wise.
, ARTICLE IV.-The capital stock of this
lcorporation is hereby declared to be Five
Thousand Dollars $4,000 which shall con
. SSt OF fifty shares OF the par value OF
One Hundred Dollars lSloJJ each; tltty 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 he
. paid i'll 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
; tcrmine. All stock shall be paid for IL
! cash or its equivalent i'll labor done fol-
l the benefit of the corporation or property
e actually received by the corporation. TIL,
amount to which the capital of this cor
poratiOn may he increased il fixed mt the
= sum of 100000. No transfer of stock Of
: made on the books of this corporation, a>
, far concerns this corporation, and Nc
sale or other disposal of the stock OF TIM
I corporation shall be valid unless first of
fered to the remaining stockholders o.
r this company for ten days at price moi
to exceed the book value thereof on tn,
n date of said offer. after which If the sale
offer is not accepted, by any Stockholder
, the stock may he offered and sold by thu
-. owner thereof to any purchaser. All stool
acquired i'll this corporation shall be sub
. jcCt to this provision of the charter.
ARTICLE N.-All the powers of this cor
pOratiOn shall be vested in and the bust
{ ness and affairs of this corporation shall
u be managed by BOARD of Directors com
: posed of five stockholders, any three %
= which shall constitute quorum for th'
: transaction of the business of this cor
: pOration. The Board of Directors, eNcep
g the first Board named i'll this charter
T shall be elected annually by the stock
T holders on the First Tuesday of the mont
= of March The first Board and every sue
E ceeding board shall serve for one year o.
. until their successors are elected ant
: 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,
Secretary and a Treasurer, and may gran
!, to the said officers such powers as tn
y Board may deem fit and proper. All elec
d lions shall be by ballot ut the office o
the company under the supervision o
: three commissioners to be appointed b.
l. the Board. Notice of said meeting shall
II be given of said meeting by the SeCretarl
j. in writing to be delivered to each stock
= holder i'll person or mailed to him at hi
/ last known address at least fifteen day
j before the date fixed for the meeting o
election. This notice may be waived b!
- unanimous consent of the stockholders
!, ! At all such elections and ut all meeting
of the stockholders, every StOckholde
!; shall be entitled to one vote for each shar
\ standing in his name on the books of tn
" company ut the date of the said meeting
/ or election. Said votes may he cast b.
proxy, said proxy being i'll writing, am
!, Il majority of votes east shall elect o
|, determine. The failure to elect director
d at the annual meeting shall not disSolN
l. this corporation nor impair its manage
IS ment in any way the directors then il
ID office holding over until the successor
are elected and qualified. All vacancle
Is on the Board. from whatever cause, shall
y be filled by the remaining directors. An
ID member of the Board may appoint a prON
D. to represent him ut the meeting of IN
"A Board. provided the proxy is in writin
= and the one appointed is Il director on tn
II said Board. The Board of directors ma
- make and amend all bylaws rules an
. regulations necessary and proper for tn
| mana cement of this corporation. Til
first Board of Directors shall consist o
the following: ]. Il. Fellheimer. New OF
l. leans Louisiana. Abe Luria. New Orlean:
IS Louisiana, Milton Il. BeauyaiS. Charlie
Id Schneidau, New Orleans, Louisiana, Rober
lie s. BOhannan,, and of the above directors
Il j. Il. Fellheimer. shall be President an
c, tIpneFal Manager, y. l-llEld, SHdil ne VIZ
r President, Milton X. Beauvais, shall b
Of Secretary, Charles Schneidau, shall b
j. Treasurer
I. ARTICLE VI.-This act of incorporate
a, may be modified, changed altered an
=. amended or said corporation may be dis
= solved according to law set out i'll tn
Statutes of this State. All notices re
i. quired by law may be waived by
81 unanimous consent of the stockholders.
a. ease of liquidation of this corporation. il
r affairs shall be wound up by two com
missioners to be elected by the stock
IN holders.
Or ARTICLE Vino stakeholder sha
De ever be liable for the contracts Or fault
p of this corporation in any further SUI
at than the unpaid balance remaining du
n on his stock subscription; nor shall ma
n, mere informality in organization have tn
n effect of rendering this charter nu
tr or of exposing any stock holder to an
in liability beyond the unpaid balanC
-, of his stock subscription. The sui
- Scribers have hereuntO written Opposit
9e their names the amount subscribed for b
) each of them respectively that TIL
DC act of incorporation may act as IL
n original subscription list of the corpOr;
We ton. and they have stated their pOStOffi,
or addresses all in conformity with the AZ
o. 267 of 1914 of the State of Louisiana.
Thus dOne and passed in my office tn
On 10Th day of March 1919, in the presence
or f. NJ. Robert and Henry L. Hammet, cor
be petent witnesses, residents of New Orlean
on La, who have hereunto signed their nam
ed with the said appearerS and me- Notar
after a due reading of the whole.