The herald. [volume] (New Orleans, La.) 1905-1953, 1919-01-09
CHARTER OF KARL HANSEN CO., INC.

United States of America. State of Louis
lana, City of New Orleans, Parish of Or
leans. Be it known and remembered, that
on this Fl day of the month of November in
the year of our Lord, nineteen hundred and
eighteen, before me, Martin H. Manion, a
Notary Public duly sworn, commissioned and
qualified, in and for the Parish and State
aforesaid; and in the presence of the wit
nesses hereinafter named and undersigned;
personally came and appeared the persons
whose names are hereto subscribed, who de
clared that, availing themselves of the
provisions of the laws Of this State relative
to the organization of corporations. and
more particularly of Act 267 of the General
Assembly of the State of Louisiana, for the
year 1914; they have covenanted and agreed,
and do by these presents, covenant and
agree, to bind, form, and constitute them
selves, as well as such other persons as may
hereafter join or become associated with
them, into an association and body polite
in law, for the objects and purposes, and UNI
der the agreements and stipulations herein.
after set forth. to-wit:
ARTICLE 1.-The name and title of this
corporation shall be Karl Hansen Company,
Inc.," and under that name it shall have and
enjoy all the rights, privileges and advan-
tages conferred by the State of Louisiana on
corporations in general, and shall exist for
period of ninety nine years, unless other
wise dissolved, beginning from date of this
act of Incorporation. 1t shall have power
and authority to sue, and be sued, to buy
and sell, hold, own, lease, mortgage and hy-
pothecate and pledge property, personal and
mixed; to name, elect and appoint managers,
directors, and clerks and other employees to
properly conduct its corporate business, and
to make bylaws, rules and regulations as
may be found necessary or desirable for the
management of the corporation, and shall do
everything to correctly carry out its objects
and purposes.
ARTICLE 1.-THE domicile OF this cor.
poration is hereby declared to be the City
of New Orleans, State of Louisiana. All CT
tations and other legal process shall be served
upon the President, and in the absence of the
President, on the Vice-President, and in
the absence of both of them upon the Secre-
tary-Treasurer, of the corporation.
ARTICLE III.-The objects and purposes
for which this corporation is organized, and
the business te be conducted by it, are de-
clared to be, manufacturers and dealers in
store fixtures, and store fronts, and in fact
everything incidental thereto or connected
Herewith. and to deal in other articles of
ARTICLE IV.-The capital stock of this
corporation shall be fifty thousand dollars
(S50,O0OO), divided into 500 shares of the
par value of one hundred $4,000 dollars per
share. Said stock shall be represented by
certificates of stock to be issued at such time
and for such amount. the board of drec-
tors shall see fit and proper, and shall be
paid for ncssh, or its equivalent in prop
erty, as the Board of Directors shall decide
III o4ldICS Shall Dc lull pdlQ and non as
sessable. No stakeholder shall have the
right to sell otherwise dispose of his
stock in this corporation, without first of
terlng same to this corporation, and TO the
individual members of this corporation. at
the book value thereof, and this corporation
is authorized to purchase said stock at said
book value for the benefit of the other stock
holders OF the corporation. Should the cor
poratlon decline to purchase said stock the
shareholder shall have the right Of option
to OTTER said stock for sale to any other per-
son, or persons, firms corporations.
ARTICLE V.-This corporation shall be
going concern when twenty-five Thousand
Dollars (S25,OOo.0O of it's stock shall have
been subscribed.
ARTICLE VI.-All the corporate powers
OF this corporation shall be vested in and
the management and control of its business
and affairs conducted by a Board of Direc.
tors, composed of not less than four stock
holders, three of whom shall constitute
quorum for the transaction of business No
member OF said board to own or subscribe