The herald., 1919-04-03
CHARTER.

awaiting themselves of the laws of the
| State of Louisiana in such cases made and |
provided they have contracted and agreed
| and, by these presents, contract, agree and
bind themselves, as well as all others who
may hereafter become associated with them. /
to form corporation for the objects
! and purposes hereinafter set out and /
under articles and supulationS. as follows. .
| tO-wit:
ARTICLE 1.-The name of this corpora
/ ton shall he Equitable Sales Corporation .
/ Inc. by which name said corporation shall I.
have and enjoy corporate existence for tn" I.
/ term of ninety nine years from and after
the date hereof, unless sooner dissolved .
/ by law. Its dOmicile shall hp i'll tn" city .
of New Orleans. state of Louisiana, and
/ il shall have. for the purpose of the bust .
ness to be carried on by il. all power .
/ and authority conferred by law upon cor .
porationS and shall generally exercise all
. the powers necessary and proper 10 carry /.
on said business.
/ ARTICLE II-MI citation aud other
legal process shall he on the President and.
in his absence, on tn" Vice President or
other officer of the corporation.
ARTICLE III.-The objects and purposes
for which this corporation il organized
and the nature of the business to be car
rird on by it are hereby declared to bc
the following. 70 carry general
brokerage business in all its phases, -
we'll to act as attorney i'll fact i'll 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
as agent for individuals and firms and cor
pOrations. And generally TO do and per
form all acts necessary or incidental to the
above designated businesses or connected
Herewith in any wise.
ARTICLE IV.-The capital stock of this
corporation is hereby declared to be Five
Thousand Dollars ($5.00OJ which shall con
siSt of fifty shares of the par value OF
/ One Hundred Dollars tSlOOD each; fifty per
- cent of the said capital stock shall h."
% subscribed before the filing of the>"
r. articles of incorporation, and fifty per cent
= of tn" said subscribed capital shall he
r paid in before this corporation shall Gu
l. gage in business The remainder of the
t capital stock shall be paid i'll, at such
= times as the Board of Directors may de
tcrminp All stock shall he paid for in
cash or its equivalent i'll labor done for
the benefit of the corporation or property
" actually received by the corporation. The
y amount to which tn" capital of tins cor
t pOration may he increased il fixed ut tn"
- sum of 100000. No transfer of stock of
/ this corporation shall be binding unless
j. made Oh the books Of this corporation, as
I far rs concerns this corporation, and no
- sale or other disposal of the stock of this
e corporation shall Ice valid unless first Of
n fered to the remaining stockholders Of
= this company for ten days at Il price not
= to exceed the book value thereof on the
date OF said offer. after which If the SAID
offer is not accepted, by any stakeholder.
{ the stock may be offered and sold by the
owner thereof to any purchaser. All stock
t acquired in this corporation shall he sub
II jcct to this provision of the charter.
> ARTICLE V-AIl the powers of this cor
pOratiOn shall be vested in and the buSi.
Il ness and affairs of this corporation shall
II be managed by Il Board of Directors com
e posed of five stockholders, any three OF
n which shall constitute a quorum for the
j transaction of tn" business of this cor
p0ratiOn. The Board of Directors except
the first Board named iIr this charter
T shall be elected annually by the stock
/ holders on the First Tuesday of the month
n of March. The first Board and every sue
e ceedng board shall serve for one year OF
n until their successors are elected aI 99
Y qualified. Each Board of Directors, shall
K after its election. choose from its number
l. Il President. who shall be General Manager
t. of this corporation, Vice President. ;
Secretary and Treasurer. and may gram
, to the said officers such powers As th'
: Board may deem fit and proper. All elec
]. tions shall be by ballot at the office o.
~ the company under the supervision o.
i three commissioners to be appointed by
q the Board Notice of said meeting shall
D. he given of said meeting by the Secretary
r in writing to be delivered to each stock
.. holder i'll person or mailed to him at IN
" last known address at least fifteen day
r before the date fixed for the meeting o.
5; election. This notice may be waived u!
" unanimous consent of the stockholders
At all such elections and at all meeting
. of the stockholders. every stockholde
a. shall be entitled to one vote for each Shar'
- standing in his name on the books or TN
le company ut the date of the said meetin!
t, or election. Said votes may be cast b!
n proxy, said proxy being in writing an'
o a majority of votes cast shall elect o
determine The failure 10 elect director
= at the annual meeting shall not diSSolN
:. this corporation nor impair its manage
: mpnt in any way the directors then ii
- office holding over until the successor
are elected and qualified. All Vacancle
on the Board. from whatever cause shai
be filled by the remaining directors. An!
$. member of the Board may appoint proN.
of to represent him at the meeting OF IN
CT Board. provided the proxy is in writin!
es and the one appointed is Il director on Tn
~ said Board. The Board of directors ma.
make and amend all bylaws rules ant
regulations necessary and proper for tn
p management of this corporation. In
M first Board of Directors shall consist o
the following: J. Il. Fellheimer, New or
leans Louisiana. Abe Luria. New Orleans
Louisiana. Milton Il. Beauvais. Charlie
Schneidau. New Orleans. Louisiana, Rober
- :. Bohannan.. and of the above directors
=, J. Il. Fellheimer, shall be President am
- General Manager, y. Luria, shall be We
President Milton X. Beauvais, shall D
Secretary. Charles Schneidau. shall b
nv Treasurer.
ne ARTICLE VI.-This act of incorporate
N may be modified. changed altered an
n amended, or said corporation may be dis
IS. Statutes of this State. All notices re
n auired by law may be waived by
10 unanimous consent of the stockholders. 1
nm case of liquidation of this corporation, II
fit missioners to be elected by the stock
IL holders.
to ARTICLE Vino stakeholder sha
he ever be liable for the contracts or fault
il: of this corporation in any further SUI
of than the unpaid balance remaining du
al on his stock subscription: nor shall ma
lie mere informality in organization have tn
u effect of rendering this charter MI
or of exposing any stock holder to an
.ss ! liability beyond the unpaid balanc
'ct | of his stock subscription. The SUI
Sb scribers have hereuntO written OppOsit
81 | their names the amount subscribed for b
U each of them respectively so that thl
NJ, act of incorporation may act as IN
yS original subscription list of the corpOri
"' ton, and they have stated their postoffiC
>, addresses all in conformity with the AZ
all 26T of 1914 of the State of Louisiana.
, aS Thus zone and passed in my office th1
~ 10Th day of March 1919. in the presence {
80 E NJ Robert and Henry L. Hammet, con
= petent witnesses. residents of New Orlean
all La, who have hereunto signed their name
lrs with the said appearers and me, Notar.
Pc after a due reading of the whole.
Witnesses: E. NJ. Robbert, Henry l.. Han
,rs nett. ., n,
no (Original Signed) Charles Schneidau :,
cir Carondelet Street, New Orleans, La. lSooo
he ; shares: j. Il. Fellheimer, Hibern
n. Bldg New Orleans, La, (S5OO), shares
J. NJ r. Beauvais. St. Patrick La, (S50O),
in shares. per ]. B. Fellheimer; K
I'm Bohannon Birmingham, Ala, lS5o0),
ms, shares per J. r. Fellheimer; A. Lurla,