The herald. [volume] (New Orleans, La.) 1905-1953, 1919-04-17
CHAR TIERS.

every description; TO acquire the good VIII or
business OF the commercial firm OF Merte
4 Co, and OF other persons or e';poraNon>'
10 nave holu' acquire posses SeL' ie''
Q. "a "'ru
anu Pat0Nt iS"'s' 50 '''- .'N''''o1
10 holu S'ooh III o,ilet 1oi PoI a''oi;Si anu
oonus Vi ing sang any O. tHe "'d'S u i-ouIs
rama anu .ne ni'e ii I'a.es' "mI lai,'
" w anu Pc w u, %. rs ~ 49,
sdIy, PioPei % ~ ~ t"e -
NJ ~ VI ny Pc. ..;P - s..
TLioie IN inc pa u -,
teiitoii es anu @ y. ~ -;
- 49, =. - - - -. x
NJ 'te ~ " "a ,sr-..,,.t -. -
s,SI aiu 81 >f
any anu az VI ny '"''N'
ARllCLE lN-lhe capital stock oil Ihis
corporation snail be pne Miill0h' Two
hundred and FIFTY thousand Dollars VI
5puoVD divided mo Twelve thousa"u IlNe
hundred shares OF the par value oil One nun
Iieu eii Is aar,, ,J
II -; -, - ,Iio anJ ,,.,
I+|aS LII - H. ca,,TnerriaI TN NJ Nentr
wa Lni --a - a
N-,;I w. - r., ia - b,,t -
PLai al S2so nno IS Ca,:taI ST. sbau
49,. - ,tr-s Tl lP,;+,l s.L r,a,.
~ r,,asad :, Tu.o Niu;an Do,iars Tb
- - " 49,; nar,,a-a.;,,, :; ;s,,.I
p;,J - L,d - 49, ;,.,,,iIs
ag-ea,nert and caltrart entered ,nto far mn.
81 ,-,,ao.;a1 "a od,,,,t,oa ,,d a. n con.
Ia - - - - .i,.
:,
" NO s'oeN sidl' NC Solu VI N1"S 81 :,
unllI an opportunity - lIet dlIvIueu az al
other s'oeAioIGets Oh leeoiu 10 pun 'Hdst s"'u
. shares Vi slooh d. oIoN Salue Pi"e le" pel
cent aS SHOWN oy INC inventory preceding
suCH hoN0e' "'''T" no"tS sHIIL NC gwen
ny tle owner 70 lLle pod'G ol DHet'oiS i9'
me use anu cement VI sue'i o'"e' "NNI'oi"
eIs' sndIi DC tIdhSIhl'teu "lInoul ue.aE
/ ny lle hodIu % tne"' "Iu mus NC dISeP.Tu
WITHIN! thrty Gays rom Ie1eiP' "' t!e
DodIu ho'I0e, ana pau Ioi III STSH VIM
49, Gu Inr. tbe r;a5t - h,,, SsTf
has IN mro,nT,ior ~ tbe,r bo,d;ngs and
/ INV sbaras not taLer IN nronor,ion NAY il.
! taLe, Inv the o,her SHAREHOLDERS FaiIprf
NJ ,bs stocLLnIders tn b,,v shall IN, the ,rert
exniration az the time limit release the
st6ckholders from the effect NJ This nrovis
/ ion
/ -, u, - ,,,, -,
I . " "nT'ieNei a"y e'ooE notu'' "tloee oit
llss tysetIel w''u .'iosT u ms SUI H.H''s WIZ
VI @ eI' - aIi 80 81 ~ ~;
per cent OF I.orI oi inc CdPi'di SUN Vi I'M
corporation snail die, ms successors, helts
VI leesl REPRESENTATIVES, WIN HaHe nc itsI'
loU.uei 'ie ny Vi nc 80 VI WI III
PoIdIol o"Heu ny sHiI ueNeeeit anu +is
SuNifihs "he vi tiIIluteH' - aS, ~ y.
Pu'thdseu ny ''e eu 'tSi"s 50. "-oIueIs a
me Price ser our III inc lHst Pdld8t app
neiGoi. ~ snail pe ."e uuty ~ ;ae noa a.
VI DieESols " sunni 'rc Sa'u ~ ~ .l.e
stoIAHoiuels' anu M''lIf '"e u'"e "'ie
IhdooNe SNii'eu' ti,e oILei si"ii nv -
accepted anu inc stoeh Pu'cndseu' men t'le
e ,, suNteSsIIs' net VI go 49,,
s!idIi nave thc iisH' ~ uS manu- 'ie Hl'Soi"
uoi' anu iquiudttpn Vi fhe eol dtiol anu
III ueidul' 70 Apply 10 any eoull Vi to''Pe'
se,t Jui ioi uisnoiutioii VI ms -.
any Id" 10 'he contrary not" ltHs tdliuiIis
saSIl!s d" - noMe'e'' VIC isnt 70 i!ie sa.u
/ - Po, a''o" a. Me. ~ ea,t P'oO'SuHss u
arS;p.J IA, anu ,b Ia, ~ nc rna''''s' P''
SNiIpeu "E t"e Id" ol LOUISIANA
+ 90 No stock shall be held in this corpora
ton by employees, who are not officers, eX
cept such as has been subscribed TOR in tins
charter or which may be transferred with
the consent OF the Board OF Directors to sucr
employee at the time OF or during employ
ment Whenever such employment cease
through death, resignation, dismissal 81
otherwise, the Board OF Directors shall cal
the stock Of that person Tor transfer TO the
other stockholders as provided IN tins Char
ter, but the price 10 be paid shall be BOOB
value as per inventory last preceding suci
call, without the additional ten per cen
aforesaid; the said price shall be paid II
cash WITHIN sixty days from such call: N
stock held or controlled by such employee
shall participate IN any new stock hereatte
authorized and issued or IN any stock pres
emily 10 be issued when sold under the pre-
ceding provisions. unless with the consen
OF the Board OF Directors expressed by reso
luuons entered on the minutes. FOR tn
purposes Of this Article. the inventory an
books shall be closed as OF june 20 and DE
cember 81, in each year from and after DE
cember 81, 1919. The substance of the fore
going provisions shall be stated briefly an
succlnctly IN or on the face OF each certlti
cate OF stock and this shall be conclus1v
evidence and notice to all persons dealin
Herewith. The Board OF Directors IS here
by constituted the agent OF the stockhoIder
Tor the purpose OF enforcing and carrying
out the foregoing provisions.
ARTICLE N.-Ihe power and right to de
clare dividends is vested exclusively IN tn
Board of Directors who are specially au
thorized to retain profits and earnings unit
d reserve of Two Hundred and Fifty Thou
sand Dollars shall be accumulated by set
ting aside not less than Fifty THOUSAND
Dollars annually out of the earnings and
like sum each succeeding year until tn
whole amount is accumulated and this re
serve shall be made good out of the earning
as often as it shall be mpnged upon. y
dividend shall be declared in any year with
out first providing for the reserve and til
re-estabishing of the as hereinabov
provided After putting to the credit OF re
serve each year. the amount hereinahov
provided, the remainder of the earnings @
the corporation may be held by the Boar
of Directors as part of the corporate fund
until in its judgment the financial needs an
necessities of the corporation for the emerg
ency of the times no longer require tn
same
ARTICLE Wall the corporate power
vested by law or this Charter in corpora
tons shall be exercised by the Board {
| ID, reciorS of this CornoratiOn including I'll