The herald., 1919-12-18
CHARTER.
CHARTER OF LEON ISRAEL & BROS.
(MEXICO) INC.

lDUn. TITlSW
leans Be it known, that on this 10th day
of the month of October. in the year OF
our Lord one thousand nine huhdreu anu
nineteen, before me, William >. Huste,
Notary Public, duly commissioned ana
oualifipd in and for the above parish ana
State, therein residing, and in the pres,
pnce of the witnesses hereinafter named
and undersigned, personally came ana ap-
naared the several parties whose names
are hpreunto subscribed, who SeVerally ue-
clared that, availing themselves OF th '
laws of the State of Louisiana, III such
cases made and provided, ana more par
ticularIy of Act 267 of the General ASsem-
hIy of the State of Louisiana OF l9lf, re-
lating to the creation, organization anu
formation of corporations, they nave Gov
euanted and agreed and by these presents
do hereby covenant, agree and BIND theH-
selves. as well as all other persons as may
hereafter become associated with them, TO
form n corporation for the OBJECTS anu
purposes under the articles and stlpnid.
tiOnS following which they hereoy auoP'
as their charter, to-Wlt:
ARTICLE 1.-The name of this corpora
tion shall be Leon Israel 4 Bros. MEX
ico) Inc, and under its corporate name
il shall have power and authority 10 nave
and enjoy corporate existence Tor perlou
of ninety years from date hereof I'M
less sooner dissolved by liquidation or
otherwise. 1t shall have power TO con-
tract; to sue and be sued; to make anu
use corporate seal, and to alter ana
ceive lease, purchase, transfer assign
mortgage hypOthecate, pledge or other
wise dispose of, property real, personal
or mixed, corporal and lnCorpOfeal' 10
issue bonds. and, if desired, to secure
same by mortgage; to hold stock IN other
companies: to name, elect and appoint
such manager. agents, directors anu ON
GERS as the interest ana convenience VI
said corporation may require, 10 MAKE
and establish, alter and amend, bylaws
rules and regulations for its proper gov
eminent, as may be deemed necessary ana
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 Ut
leans State of Louisiana, and service OF
process shall be made upon the President,
or, in his absence, upon the Secretary.
ARTICLE III.-The objects and pur-
poses for which this corporation Is organ
lied and created and the nature OF the
business to be carried on by II are de-
clared to be as follows: To engage In Il
general import and export business IN thd
United States and i'll foreign countries,
and to carry on general merchandise
business; to import and export, Duy anu anu
sell at wholesale and retail, or otherwise
acquire and dispose of and generaliy TO
trade and deal in goods wares, products,
commodities and merchandise of every
kind and description as principal FACTOR or
agent; and generally to do and perform
out and execute the objects and purposes
herein above enumerated.
ARTICLE Iv.-The capital stock of this
. CORPORATION is hereby fixed at the sum OF
five thousand (S5,000.00) dollars, and shall
be divided into and represented by hfty
shares of common stock, OF the par Value
of one hundred (Sl0Oo0) dollars eacn.
said stock shall be paid for in cash. oB
by property, or services actually rendered
to the corporation, or other equivalent OF
cash as provided by law, and in sucn man
ner and at such times and in such lnstail,
ments as may be prescribed by the Board
of Directors This corporation shall De-
come a going concern and snail De autnor'
lied to commence business as soon as nfty
per cent of its capital STOCK shall nave
been subscribed and fifty per cent OF all
stock subscribed for shall in fact nave
been paid for, either in cash or its equlva-
lent.
ARTICLE v.-The capital stock of this
CORPORATION may be increased to the sum
of one hundred thousand ($10O,OOO0Ol dol
lars by a vote of two-thlrdS or all the
stock present or represented at speclai |
meeting called for that purpose or at
regular annual meeting of the corpora
ton.
ARTICLE vI-An certificates of stock
issued by this corporation shall be signed
by the President and countersigned by the
Vice President, or if authorized by reso-
luton of the Board of Directors, shall be
signed by the President and counter
signed by the Secretary and Treasurer.
The stock of this corporation can be trans
ferred only on the books of the corpora
ton and subject to such regulations and
formalities as may be by the Board of Di-
rectors from time to time prescribed. NO
stakeholder shall be permitted to sell or
otherwise dispose of his stock without
first offering the same in writing to the
other stockholders through the Board OF
Directors, at a price not exceeding the
book value thereof; and said stockholders,
in proportion to their holdings shall 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 decline to
purchase said stock, then such stockholder
is at liberty to sell or dispose of the stock,
and may do so in any manner and at any
price he may deem fit. Each share of
stock is issued herein upon the condition
and understanding that no stakeholder
shall sell or otherwise transfer his stock
in violation hereof, and any such sale or
transfer if made shall be void, and this
corporation shall be under no obligation
to list said stock on its books or to re-
gard the holder Of the certificate thereof.
ARTICLE VII-The corporate powers
of this corporation shall be vested in and
exercised by Board of three Directors,
two of whom shall constitute a quorum
rectors of this corporation may vote in
person or by written or Geographic 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 officers any other representa- |
tive Of the corporation by appropriate |
resolution to that effect. The first Board |
of Directors of this corporation shall be
composed Of the following: Leon Israel,
President. Sam Israel, Vice President;
Karl Gutmann, Secretary Treasurer; and |
they shall serve until the 2nd Wednesday
in January, 1920 or until their successors
are elected and qualified. The Directors
held the second Wednesday in January in
<ooeh year after date hereof Notice of said
ing shall be given ten days prior to
late Of said meeting, in writing, sent
registered mail to each stakeholder at
last known place or residence. The
Eboard or Directors may change the date
or said annual meeting to any other date.
by written notice to that effect, sent at
least fifteen days prior to the date to
which said annual meeting shall be
changed, directed by registered mail to
each stockholder at his last known place
of residence. Each stakeholder shall. at
such annual meeting or other meeting,
or by written or telegraphic proxy to one
vote for each share of stock owned by him.
The election shall be held under such
rules and regulations as may be from
time to time determined by the Board of
Directors. The Directors when elected
shall hold Office for one year or until their
successors shall have been elected and
qualified, and failure to hold the annual
meeting Of stockholders or to elect an
nually Directors shall not operate the
forfeiture of this charter or any rights
Hereunder. Any vacancy occurring in the