The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-11
CHARTER.
CHARTER OF LEON ISRAEL & BROS.
(MEXICO) INC.

United States of America, State of Louis
lana. Parish of Orleans, City of New Or
leans. Be it known, that on this 10th da,
of the month of October, in the year o
our Lord, one thousand nine hundred ant
nineteen. before me, William J. Guste,
Notary Public, duly commissioned ant
qualified, in and for the above parish ant
State, therein residing, and in the pres
ence 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, ayailing themselves OF I'M
laws of the State of Louisiana, IN sucf
cases made and provided, ana more par
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 ana
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 its corporate name
il shall have power and authority to have
and enjoy corporate existence for PERIOD
of ninety-nine years from date hereof, I'M
less sooner dissolved by liquidation OF
otherwise. 1t shall have power to con-
tract; to sue and be sued; to make and
corporate seal, anu ~ diltE anu
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 Incorporate; 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 Its proper gov
eminent, as may be deemed necessary ana
proper for the extension of the business
in which the corporation is engaged.
ARTICLE 1.-THE domicile of this corr
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
general import and export business in the
United States and in foreign countries,
and to carry on general merchandise
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
corporation is hereby fixed at the sum of
five thousand ($5,000.00) dollars, and shall
be divided into and represented by fifty
shares of common stock, of the par value
of one hundred ($1O0OO) dollars each.
Said stock shall be paid for in cash. OF
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 a going concern and shall be author
lied to commence business as soon as fifty
per cent of its capital stock shall have
been subscribed and fifty per cent of all
stock subscribed for shall in fact have
been paid for, either in cash or its equiva-
lent.
corporation may be increased to the sum !
of one hundred thousand ($100, 0O0.00) dol
lars by vote of two-thirds of all the
stock present or represented at a special !
meeting called for that purpose or at a
regular annual meeting of the corpora
tion.
ARTICLE vI-An certificates of stock |
issued by this corporation shall be signed /
by the President and countersigned by the =
Vice President, or if authorized by resO- Z
Oh Inc bOdrQ OF directors, snail De l.
signed by the President and counter :
signed by the Secretary and Treasurer. y
The stock of this corporation can be trans
ferred only on the books of the corpora
tion and subject to such regulations and n
formalities as may be by the Board Of Di- i
rectors from time to time prescribed. No h
stakeholder shall be permitted to sell or I
dispose of his stock without :
first offering the same in writing to the q
other stockholders, through the Board of =
Directors, at price not exceeding the Z
book value thereof; and said stockholders, r
in proportion to their holdings, shall have !,
an option and first right to purchase all =
the shares of stock to be thus disposed =
Of by sale or otherwise of any of the stock
days in which to accept or decline said
offer. Should the stockholders decline to @
purchase said stock, then such stakeholder s
Is at liberty to sell or dispose of the stock z
and may do SO in any manner and at any I
price he may deem fit. Each share Of y
stock Is issued herein upon the condition n
and understanding that no stakeholder e
shall sell or otherwise transfer his stock :
in violation hereof, and any such sale or a
il made shall be void, and this 8
corporation shall be under no obligation .
gard the holder Of the certificate thereof. >
ARTICLE vII.-The corporate powers II
Of this corporation shall be vested in and e
exercised by a Board Of three Directors,
two of whom shall constitute a quorum e
for the transaction of business. The d. IL
rectOrs OF tn1S corporation may vote In , "
person or by written or telegraphic proxy m
at any of the meetings of the Board of r,
and the Board Of Directors Il
may, delegate any of its powers to any n
tive Of the corporation by appropriate SC
resolution to that effect. The first Board m
Of Directors Of this, corporation shall be lie
composed Of the following: Leon Israel, of
President. Sam Israel, Vice President
Karl Gutmann, Secretary Treasurer; and
hey shall serve until the 2nd Wednesday M
N January, 1920, or until their successors III
ire elected and qualified. The Directors co
'hal be elected annually at a meeting ma
held the second Wednesday in January in LEI
Zach year after date hereof. Notice of said ga
meeting shall be given ten DAYS prior TO pc
ne date Of said meeting, in writing, sent all
Degistered mail to each stakeholder at tn
st known place or residence. The to
OF Directors may change the date tn
annual meeting to any other date en-
written notice to that effect, sent al
edst nfteen days prior to the date to -.
vhfch said annual meeting shall he CO.
hanged, directed by registered mail to ed
ach stockholder at his last known place De
y residence. Each stakeholder shall, at gu
ucn annual meeting or other meeting, In
'enerai or special, be entitled in person sh
Z oy written or telegraphic proxy to one On
0te Tor each share of stock owned by him. All
ne election shall be held under such sh
uIes and regulations as may be from IA
inc 10 time determined by the Board Of on
directors. The Directors when elected ele
hall hold Office for one year or until their the
uccessors shall have been elected and an
ualihed, and failure to hold the ANIMAL the
leetfng OF Stockholders or to oloct -. | m