The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-25
CHARTER OF LEON ISRAEL & BROS
(HAITD INC.

CHARTER OF LEON ISRAEL BROS.
(HAITD INC.
United States of America, State of Louis
lana, Parish of Orleans, City of New Or
leans. Be it known, that on this Sth day
of the month of December, in the year of
our Lord, One Thousand Nine Hundred
and Nineteen, before me, Herman l.. Bar
nett, a Notary Public, duly commissioned
and qualified, in and for the above Parish
and State, therein residing. and in the
presence of the witnesses hereinafter
named and undersigned, personally came
and appeared the several parties whose
names are hereuntO subscribed, who sew
orally declared that, availing themselves
OF the laws of the State of Louisiana
in such cases made and provided, and more
sembly of the State of Louisiana of 1914
relating to the creation, organization and
formation of corporations, they have cove
nanted and agreed and by these presents
90 hereby covenant, agree and bind them
selves. as we'll as all other persons as NAV
hereafter become associated with them to
form corporation for the objects and
purposes under the articles and stipula-
ions following, which they hereby adopt
as their charter, to-wit:
ARTICLE 1.-The name and title of
this corporation shall be Leon Israel &
Bros. (HaitD, Inc. and under its cor
porate name, it shall have power and au-
thority to have and enjoy corporate ex-
lStthNt d ptTlOu OI nine wears
from date hereof, unless sooner dissolved
by liquidation or otherwise. 1t shall
nave power to contract; to sue and be
sued; TO make and use a corporate seal
and to alter and break the same at plea
sure. To hold, receive, lease, purchase
transfer, assign, mortgage, hypothecate,
pledge or otherwise dispose of property,
real, personal or mixed, corporal and in
cOrporeal; to issue bonds and if de-
sired, TO secure same by mortgage; to hold
mt
and appoint such manager, agents, direc-
tors, and officers as the interest and con-
yenfence of said corporation may require !,
10 make and establish. alter and amend
bylaws, rules and regulations for its
proper government, as may be deemed
necessary and proper for the extension of
the business in which the corporation is
engaged.
ARTICLE 1.-THE domicile of this cor
poration shall be in the City of New Or
leans, State of Louisiana; and service of
process shall be made upon the Presi-
dent, or, in his absence, upon the Secre-
tary.
ARTICLE III.-The objects and pur-
poses for which this corporation is orga-
nized and created and the nature of the
clared to be as follows:
To engage in a general import and ex-
port business in the United States and in
foreign countries and to carry on a gener-
export, buy and sell at wholesale and re-
tail, or otherwise acquire and dispose of
and generally to trade and deal in goods,
wares, products, commodities and mer-
chandise of every kind and description
as principal, factor or agent: and gen.
orally to do and perform allthings per-
tinent and necessary to carry out and
execute the objects and purposes herein
above enumerated.
ARTICLE Iy-The capital stock of
OF n
sum of Five Thousand Dollars, and shall
be divided into and represented by
fifty shares of common stock, of the par
value of One Hundred (S100.00) Dollars
each Said stock shall be paid for in
cash, or by property, or services actually
equivalent of cash as provided by law,
and in such manner and at such times
and in such installments as may be pre-
scribed by the Board of Directors. This
CORPORATION shall become a going concern
and shall be authorized to commence
business as soon as fifty per cent of all
stock subscribed for shall in fact have
been paid for, either in cash or its equiya-
lent.
ARTICLE Van certificates of stock
;ssued by this corporation shall be signed
NV tbe President and cOuntersigned by
the Vice. President or If authorized pH
resolution of the Board of Directors. snail
be signed by the President. and counter
signed by the Secretary and Treasurer.
The stock of this corporation can De
transferred only to the books of the cor
poration and subject to such regulations
and formalities as may be by the BOARD
of Directors from time to time prescripeG;;
No stakeholder shall be permitted 10 sell
or otherwise dispose of his stock without
first offering the same in writing TO the
other stockholders through the Boar1 oi
directors at a price not exceeding the DOCK
value thereof; and said stockholders, In
-han hoy
proportion to their holdings, snall nave
an option and first right to purchase all
the shares of stock to be thus disposed OF
by sale or otherwise of any OF the stock
holders and shall have period OF Ten
DAYS in which to accept or decline SAID
offer. Should the stockholders decnne
to purchase said stock, then such stock.
holder Is at liberty to sell or dispose OF
the stock, and may do so in any manner
and at any price he may deem mt.
Each share of stock is issued herein
upon the condition and understanding
wise transfer his stock in violation hereof
and any such sale or transfer If made
shall be void, and this corporation snail
he under no obligation to list said stock
on its books or to regard the holder Oh
the certificate thereof.
ARTICLE vI.-The corporate powers OF
this corporation shall be vested in and
exercised by a Board of four Directors
three of whom shall constitute quorum
for the TRANSACTION OF DuslHeSS. lHt VI
rectors of the corporation may vote In
person or by written or telegraphic proxy
at any of the meetings of the Board OF
Directors; and the Board of Directors
may delegate any of its powers to any
officer or officers or any representative
of the corporation by appropriate resolu-
ton to that effect.
The first Board of Directors OF this cor
noration shall be composed of the foi-
having. sam Isreal, President: Ach1llt
Israel. Vice President; Karl NJ Gutmann
Secretary Treasurer; Leon israel any
thew shall serve until the second Wed.
nesday in January, 1921. or nntli tne mel
successors are elected and quahhed. Inc
directors shall be elected annually at
meeting held on the second "wednesday
~ January in each year after date hereof
Notice of said meeting shall be given Ter
DAYS prior to the date of said meetlhg
in writing, sent by registered mail u
each stakeholder at his last known place
Of residence. The Board of Directors ma!
change the date of said annual meetlnt
IN eny other date, by written notice u
that effect, sent at least fifteen days prio'
70 tbe date to which said annual meeting
shall be changed, directed by registered
mail to each stakeholder at his last known
place of residence.
Each stakeholder shall, Mt such annua
meeting or other meeting general or spec
ial be entitled in person or by WRITER
or telegraphic proxy to one vote for eacf
share Of stock owned by him. The cleo
ton shall be held under such rules ant