The herald. [volume] (New Orleans, La.) 1905-1953, 1919-06-19
CHARTER

by II are hereby declared to be; to deal IN,
buy, SELL conSgn and receive on consgn-
ment furniture and other household articles
10 act as agent for manufacturers, jObbers
and merchants, to buy, sell, lease and i'm
prove real estate; to build houses, tenements
and stores for the account of the Company
any other business, undertaking enter
prise connected with, growing out of or
germane or incidental to any Of the objects
and purposes hereinabove set forth or con-
templated by this charter
ARTICLE IN.-The capital stock of this
corporation is fixed at the sum of Forty
thousand ($40,m0O0) Dollars divided into
four hundred shares Of the par value Of
stock shall be binding upon the corporat;ol
unless made upon its books, and all cerfifi-
Gates OF stock shall be signed by such OF
i.cers as may be designated by the Beard
the right 10 increase its capital stock to
the further sum OF Seventy-five thousand
dollars, to be divided into shares of enc
hundred dollars each, provided said increase
IN the capital stock shall have been author
lied by the stockholders at a meeting to be
held pursuant to the provisions of Article
V Of this Charter.
ARTICLE V.-All the corporate powers Of
the company shall be vested in and the man
agement and control of its affairs shall! be
exercised by a Board of Directors composed
OF three stockholders, the membership of
which may be increased to a number not
exceeding five by the Board of Directors at
any OF ITS regular meetings. A majority
OF the directors shall constitute a quorum
for the transaction of all business The
directors shall be elected annually by ballot
on the second Monday in June in each year
Each stakeholder shall be entitled in person
or by proxy to vote for every share owned
by him, and all elections shall be held
under such rules and regulations as NAV be
determined by the Board of Directors after
fifteen days notice by mail of such election
snail IN -l,n1j
his last known address. The directors thus
elected shall continue in office for one wear
or until their successors have been fully
elected and qualified. No failure to elect
snail be regarded as a forfeiture of this
charter Any vacancy occurring on said
board shall be filled by the remaining direc-
tors for the unexpired term; the said board
shall likewise elect the Additional rrennber
IN case they should determine TO increase
the number of said Board Said Board
Shali, at its first meeting, after its election
nominate out of its number, a President. a
Nice'f PRESIDENT and Secretary Treasurer; it
may divide the functions of the last named
otflGer and may even elect secretary who
need not be director. Said Board of Di-
rectors shall have the right to appoint and
DISMISS such Secretary, clerks, managers and
ditions may justify or the business of the
corporation may require. The tenure of Of
nee OF all the employees of the corporation
S Sf be during the pleasure of the Board of
Rrect9rS. Any OF the directors or officers
snail have the right to appoint, by written
instrument, another director or stockholder
20 act as his proxy and in his stead at anv
and all meetings of the Board of Directors.
AK 1ISkE Vino stakeholder shall ever
be held liable or responsible for the CON.
tracts. faults debts of said corDoration
nor snail any mere informality in its orga.
nlzation have the effect of rendering This
cnarter null, or of exposing a stakeholder to
any liability beyond the unpaid balace due
SlareS owned hV
AKiICLE Nl1-ThiS act of incorporatio,
may De changed, modified or altered. or This
corporation may be dissolved with the assent
~ u tne stockholders owning two-thirds of all
INC STOCK OF the corporation, at general
meeting convened for that purpose. and afte,
al least ten days notice of this meeting has
9een gwen in writing, through mail adj
=. uIessed 10 each stockholder. at his last known
by the expiration of this charter nr nther
WISE the stockholders shall elect three H.
EDUCATORS from among their number. to Il.
q ~ and settle the business and affairs
expiration OF this charter or otherwise the
ssloCKholders shall elect three liouidators
from among their number, to Iiouidate and
setue the business and affairs of the com.
p paiG IN case OF disability of any one of
sara commissioners liquidators, the srr.
ViVors or remaining liquidators shall apnoint
d successor to him. The said liouidators
snail have full power to settle said Con-
80 ue1ts' and divide the remaining
money and property among the stocLboIds-s
They shall also have power 70 NET nuI
under the bylaws of the corporation snJ
uHder regulations to be made bv a maior;tu
OF SAID !Iquldators; to fix the price and nre
s snd 9ne terms of sale of said property
ana the manner in which the sale Shall be
nlade and to take notes, and bonds, secured
by mortgage or otherwise for mart Of the
purchase price for all or any part of ,a;d
property, provided however, that the rights
herein conferred upon the liquidators NAV
be modified, changed or denied by a majority
OF me shares OF the capital stock of the cor
poration. The said liquidators shall have
authority to sue for and recover the debts
ana property IN the name of the corporation
any may be sued by the same name, and they
snail be liable in solido to any creditor or
stockholder Tor the monies and property TO
me corporation which shall come into their
nanus or possession as liquidators and for
ne 1 proper application and distribution there
ARTICLE VIII.-The entire capital stock
OF this corporation has been subscribed ar
the the time of the signing of this charter as
follows. VIZ: jeremiah c. Heay, whose ad
dress IS III N. Solomon Street New Or
leans, La, ten shares; Winnifred B. HeaIy,
whose address is 4224 Canal Street, go shares
and Mrs. Mary Bertoniere whose address is
4224 Canal Street, New Orleans, La, ten
ARTICLE IX.-Until the election to be
held in June. 1920, the following shall oonsti-
tute the first Board OF Directors, viz: Jere
mrah c: Healy, President; Winnifred B.
Healy, Vice-President, and Mrs. Mary Ber-
toniere, Secretary Treasurer.
Thus done and passed in my office on
the day.. month and year, first above writ
ten, in the presence of Joseph L. Weise and
George A. Dreyfous, competent witnesses.
who have signed with the appearers and
me, the Notary, after reading the whole.
fous.
Original Signed) Winnifred B. Healv. T
{. Healy, Mrs. Mary Bertoniere
FELIX J. DREYFOUS,
Notary Public. |
l, the undersigned Recorder of Mortgages. |
n and for the Parish of Orleans, State of !,
Louisiana, do hereby certify that the above |
md foregoing Act of Incorporation OF the |
Furniture Agency & Realty Co., Inc" was |
his day duly recorded in my office, in Book |
New Orleans, June II, 1919
(Signe0 EMILE J. LEONARD, DIV. R. |
A true copy of the original act
FELIX J. DREYFOUS,
Notary Public.
June 1876 July 3-1O-17-24
CHARTER OF LIGHTNING CHEMICAL
COMPANY INCORPORATED.