The herald., 1919-11-27
CHARTER.
CHARTER OF LEON ISRAEL BROS
(MEAlCO) INC.

United States of America. State of Louis
lana, Parish of Orleans, City of New Or
! leans. Be it known, that on this 10th day
| of the month of October in the year OF
our Lord, one thousand nine hundred and
nineteen, before me, William j. Guste, n
| Notary Public, duly commissioned and
qualified in and for the above parish and
State, therein residing, and in the pres
| eRce of the witnesses hereinafter named
| and undersigned, personally came and ap-
peared the several parties whose names
| are hereunto subscribed, who severally de-
clared that availing themselves of the
| laws of the State of Louisiana, in such
| eases made and provided, and more par
| ticularly of Act 267 of the General Assem-
| bly, of the State of Louisiana of 1914, re-
| lating to the creation, organization and
formation of corporations, they have COW
enanted and agreed and by these presents
| do hereby covenant, agree and bind them
| selves as well as all other persons as may
hereafter become associated with them. to
! form a corporation for the objects and
/ purposes under the articles and stipula-
lions following which they hereby adopt
as their charter, to-wit:
| ARTICLE 1.-The name of this corpora-
ton shall be Leon Israel & Bros. Mex
| ico) Inc, and under it's corporate name
1t shall have power and authority to have
| and enjoy corporate existence for a period
of ninety nine 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 and
use a corporate seal, and to alter and
break the same at pleasure; to hold, re-
| ceive, lease, purchase, transfer, assign,
mortgage, hypothecate, pledge or other
wise dispose of, property real, personal
or mixed, corporal and incorpOreal; to
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 and Off
GERS as the interest and convenience of
said corporation may require; to make
and establish, alter and amend, bylaws,
rules and regulations for it's proper gov
eminent, as may be deemed necessary and
proper for the extension of the business
In winch the corporation is engaged.
ARTICLE 1.-THE domicile of this cor
poration shall be in the City of New Or
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 it are de-
clared to be as follows: To engage in a
general import and export business in the
United States and in foreign countries
and to carry on a general merchandise
business; to import and export, buy and
sell at wholesale and retail, or otherwise
acquire and dispose of and generally 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
all things pertinent and necessary to carry
out and execute the objects and purposes
herein above enumerated.
ARTICLE Iv.-The capital stock of this |
five thousand (S5O0OOO) dollars, and shall |
be divided into and represented by fifty |
shares of common stock, of the par value |
of one hundred ($1O0O0) dollars each. |
hn1l hA at g. t.
by property, or services actually rendered |
to the corporation, or other equivalent Of |
cash as provided by law, and in such man.
ner and at such times and in such INSTALL
ments as may be prescribed by the Board
OF Directors. This corporation shall be-
come going concern and shall be author,
lied to commence business as soon as fifty
per cent of its capital stock shall have
stock subscribed for shall in fact have
been paid for, either in cash or it's. equiva-
lent.
ARTICLE V.-The capital stock of this
corporation may be increased to the sum
If one hundred thousand ($100, OO0OO) dol
ars by vote of two-thirds of all the
stock present or represented at a special
Meeting called for that purpose or at
regular annual meeting of the corpora
ion.
ARTICLE VI.-An certificates of stock
ssued by this corporation shall be signed (
~ the President and countersigned by the {
ice President, or if authorized by reso- q
ution of the Board of Directors, shall be q
igned by the President and counter
lgned by the Secretary and Treasurer. /
The stock of this corporation can be trans g
erred only on the books of the corpora I
ION and subject to such regulations and I
as may be by the Board of Di- +
ectors from time to time prescribed. No \
tockholder shall be permitted to sell or =
therwise dispose of his stock without !
a I'M in urif inO 10 hnt
Their stockholders, through the Board of +
directors, at a price not exceeding the =
ook value thereof; and said stockholders, y
proportion to their holdings, shall have y
n option and first right to purchase all {
ne shares of stock to be thus disposed a
by sale or otherwise of any of the stock a
olders,. and shall have a period of ten a
avs in which to accept or decline said a
Her. Should the stockholders decline to Il
urchase said stock, then such stakeholder b
at liberty to sell or dispose of the stock o
n nd may do SO in any manner and at any a
'ock is issued herein upon the condition
nd understanding that no stakeholder p
lall sell or otherwise transfer his stock d
ansfer if made shall be void, and this
'rporation shall be under no obligation II
list said stock on its books or to re- al
ard the holder Of the certificate thereof. CO
ARTICLE VII.-The corporate powers
this corporation shall be vested in and
iercised by Board of three Directors, er
70 OF whom shall constitute a quorum st
r the transaction of business. The d. til
ctors of this corporation may vote in M
'rson or by written or telegraphic proxy in
any of the meetings Of the Board of eli
lrectors; and the Board of Directors
ay delegate any of its powers to any
ficer or officers or any other representa- su
Te OF the corporation by appropriate be
solution to that effect. The first Board wi
directors OF this corporation shall be
imposed Of the following: Leon Israel. -
'esident. Sam Israel, Vice President:
arl Gutmann, Secretary Treasurer; and