The herald. [volume] (New Orleans, La.) 1905-1953, 1919-01-02
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 p day of the month of November in
the year of our Lord, nineteen hundred and
eighteen, before me, Martin H. Manon, 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 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 I'M
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 nlnety-nin 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 Inv.
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
everything to correctly carry out its objects
and purposes.
ARTICLE I1.-The domicile OF this cor
poratlon is hereby declared to be the City
of New Orleans, State of Louisiana. All CT
tations and other legal process shall be served
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 ts 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
commerce.
ARTICLE Iv.-The capital stock of this
corporation shall be fifty thousand dollars
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 ncash, or its equivalent in prop.
erty, as the Board Of Directors shall decide
All shares shall be full paid and non as
sessable. No stakeholder shall have the
right TO sell or otherwise dispose of his
stock in this corporation, without first Of
fering 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
poration decline to purchase said stock the
shareholder shall have the right of option
to offer said stock for sale to any other per-
son, or persons, firms or corporations.
ARTICLE V.-This corporation shall be a
going concern when twenty-five Thousand
Dollars (s25O0O.0O of its 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 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
for less than one share Of stock. Said Di-
rectors shall be elected by ballot at a gen.
eral meeting of the stockholders to be held
on the 50th day of December of each year
Every stakeholder shall be entitled, in per.