The herald. [volume] (New Orleans, La.) 1905-1953, 1919-04-24

OF tttt IL ABLE SALES
CORPORATION, INC.
Re it known that on this 18th day Of
the month Of March, 1919; before me,
Scott +. Beer, Notary Public, in and for
the Parish of Orleans, State OF Louisiana,
therein residing. duly sworn. commissioned
ana qualified, and in the presence of tn"
witnesses hereinafter named. ana under
signed, personally came and appeared the
several parties whose names are hcreuutO
subscribed who SeveraIly declared that
awaiting themselves of the laws of the
State of Louisiana i'll such cases made and
provided. they have contracted and agreed
and. by these presents. contract, agree and
bind themselves. we'll a. all others who
may hereafter become associated with them,
to form corporation for the objects
and purposes hereinafter set ont and
under articles and StipulatiOn> as 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 tn"
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 law upon cor
pOratiOnS and shall generally eNerciS" all
the powers necessary and proper to carry
on said business.
ARTICLE II-All citation and other
legal process shall be on the President aud,
| III ms absence, on the ice IfCSlutHL OF
other officer of the corporation.
ARTICLE III.-Thp objects and purposes
for which this corporation is organized
and the nature of the business to be car
rivd on by it are hereby declared to b"
the following: To carry on general
brokerage business in all its phases, as
, well as TO act aS attorney in fact in all
legal enterprises; also. to buy. sell and
finance real estate, stocks. bonds. notes.
open account. commercial paper, obligations
and securities; to lend and borrow money
on property, real and personal, and TO act
2 as agent for individuals and firms and cor
! pOratiOnS. And generally TO do and per
e form all acts necessary or incidental to the
{ above designated businesses or connected
Herewith i'll any wise.
E ARTICLE IV.-The capital stock of this
= corporation is hereby declared to be Five
c Thousand Dollars (SJOoUl which shall con
= siSt of fifty shares of the par value of
. One Hundred Dollars tS0O) each; fifty per
cent of the said capital stock shall be
T. subscribed before the filing of these
. articles of Incorporation, and fifty per cent
of the said subscribed capital shall be
: paid in before this corporation shall en-
r. gage in business. The remainder of the
u capital stock shall be paid in, at such
times as the Board of Directors may de
: tcrmine. All stock shall be paid for in
u cash or its equivalent i'll labor done for
q the benefit of the corporation or property
c actually received by the corporation. The
! amount to which the capital of this cor
I pOratiOn may lie increased is fixed at the
5 sum of 100000. No transfer of stock OF
n this corporation shall be binding unless
s made on the books of this corporation. as
0, far concerns this corporation, and no
| sale or other disposal of the stock OF TINS
y corporation shall be valid unless first of
l. fered to the remaining stockholders OF
II this company for ten days at price not
10 to exceed the book value thereof on tho
"a date of said offer. after which if the said
: offer is not accepted, by any stOckhelder
:, the stock may he offered and sold by the
- owner thereof to any purchaser. All stock
- oppuir.I N This shall he Snb-
. ject to this provision of the charter.
81 ARTICLE V.-All the powers of this cor
pOratiOn shall be vested in and the bust
6 ness and affairs of this corporation shall
% be managed by n Board of Directors com
l. posed of five stockholders, any three OF
l. which shall constitute a quorum for the
is transaction of the business of this cor
IS pOration. The Board of Directors, except
e the first Board named in this charter
n shall be elected annually by the stock
" holders on the First Tuesday of the month
c of March. The first Board and every sue
lie ceeding board shall serve for one year OF
,e until their successors are elected and
: qualified. Each Board of Directors, shall
n after its election, choose from its number
:; a President, who shall be General Manager
of this corporation, Vice President, q
Secretary and Treasurer, and may grant
:, to the said officers such powers as the
a Board may deem fit and proper. All elec,
"a tions shall be by ballot at the office OF
III the company under the supervision oil
e three commissioners to be appointed by
Of be given of said meeting by the Secretary
i in writing to be delivered to each stock
< holder in person or mailed to him at his
T. last known address at least fifteen days
d before the date fixed for the meeting OF
election. This notice may be waived by
er unanimous consent of the stockholders
\, At all such elections and at all meetings
of the stockholders. every stockholdeI
!; shall be entitled to one vote for each share
h standing in his name on the books of tn,
" company at the date of the said meeting
"a or oil Said he cast bN
:! proxy, said proxy being in writing, and
!, il majority of votes east shall elect oil
II determine. The failure to elect directors
Id at the annual meeting shall not dissolve
n this corporation nor impair its manage
RS ment in any way the directors then II
i'd office holding over until the successors
are elected and qualified. All vacancies
as on the Board, from whatever cause, shall
" be filled by the remaining directors. Any
I'd member of the Board may appoint proxy
n to represent him at the meeting of the
"A Board, provided the proxy is in writin,
&c and the one appointed is director on thu
~ said Board. The Board of directors may
Ct make and amend all bylaws rules ant
:. regulations necessary and proper for thu
" management of this corporation. Tit
first Board of Directors shall consist o
the following: ]. i. Fellheimer, New Or
u leans Louisiana, Abe Luria, New Orleans
es Louisiana, Milton X. Beauvais, Charlie:
I'd Schneidau, New Orleans Louisiana, Rober
ne $. BOhannan., and of the above directors
n J. Il. Fellheimer, shall be President ant
e, General Manager, y. Luria, shall be Vie
r. President, Milton X. Beauvais, shall b.
OF Secretary, Charles Schneidau, shall b.
ii. | Treasurer.
H. ARTICLE VI.-This act of incorporation
n. may be modified, changed altered an,
n amended, said corporation may be dis
y. solved according to law set out i'll TIN
= Statutes of this State. All notices re
a. quired by law may be waived by
81 unanimous consent of the stockholders. II
d. ease of liquidation of this corporation, il
r. affairs shall be wound up by two com
missiOners to be elected by the stock
on holders.
or ARTICLE Vino stakeholder shall
be ever be liable for the contracts or fault
p of this corporation in any further sun
at than the unpaid balance remaining du
n. on his stock subscription; nor shall ma!
Mt mere informality in organization have tn
D. effect of rendering this charter null
Re or of exposing any stock holder to an!
in liability beyond the unpaid balanc
m of his stock subscription. The sub
20 Scribers have hereuntO written opposite
" their names the amount subscribed for b!
% each of them respectively that thi
DC act of incorporation may act as tn
IL original subscription list of the corpora
We ton, and they have stated their pOstoffic
or addresses all in conformity with the Ac
% 267 of 1914 of the State of Louisiana.
Thus done and passed in my office thi
on 10Th day of March 1919, in the presence o
or f. NJ. Robert and Henry L. Hammet, com
be petent witnesses, residents of New Orleans
on La, who have hereunto signed their name
lxxrfrh hn eatA md nt.