The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-04
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 18th day
of the month of October, in the year OF
our Lord, one thousand nine hundred and
nineteen, before me, William j. Guste, a
Notary Public, duly commissioned and
qualified, in and for the above parish and
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-
laws of the State of Louisiana. in such
eases made and provided, and more par
ticularly of Act 261 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-
tons following which they hereby adopt
as their charter, to-Wit:
ARTICLE 1.-The name of this corpora
ton shall be Leon Israel L Bros. Mex
icO) Inc, and under its corporate name
it 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.
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 and
proper for the extension of the business
in which 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 or
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
ali 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,OO000) dollars, and shall
be divided into and represented by fifty
shares Of common stock, of the par value
Of one hundred ($10O.00) dollars each.
Said stock shall be paid for in cash. Oh
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.
ARTICLE v.-The capital stock of this
corporation may be increased to the sum
Of one hundred thousand ($10O,OOOOOl dol
lars by a vote of two-thirds Of all the
stock present or represented at special
meeting called for that purpose or at
regular annual meeting of the corpora
ton.
ARTICLE vI.-An certificates of stock
issued by this corporation shall be signed
by the President and countersigned by the
Vice President, or IL authorized by reso-
luton Of the Board of Directors, shall be
signed by the President and counter
signed by the Secretary and Treasurer.
The stock of this corporation can be trans
ferred only on the books of the corpora
ton and subject to such regulations and
formalities as may be by the Board OF Di-
rectors from time to time prescribed. NO
stakeholder shall be permitted to sell or
otherwise dispose of his stock without
first offering the same In writing to the
other stockholders, through the Board OF
Directors, at price not exceeding the
book value thereof; and said stockholders,
in proportion to their holdings, shall have
an option and first right to purchase all
the shares of stock to be thus disposed
holders, and shall have period Of ten
days In which to accept or decline said
offer. Should the stockholders decline to
is at liberty to sell or dispose Of the stock,
and may do so in any manner and at any
price he may deem fit Each share Of
stock is issued herein upon the condition
shall sell or otherwise transfer his stock
in violation hereof, and any such sale or
transfer il made shall be void, and this
corporation shall be under no obligation
to list said stock on its books or to re-
gard the holder Of the certificate thereof.
ARTICLE VII.-The corporate powers
of this corporation shall be vested in and
exercised by a Board of three Directors
two Of whom shall constitute a quorum
for the transaction of business. The d.
rectors of this corporation may vote in
person or by written or telegraphic proxy
at any of the meetings of the Board of
Directors: and the Board of Directors
may delegate any Of its powers to any
officer or officers or any other representa-
tive. Of the corporation by appropriate
resolution to that effect. The first Board
of Directors OF this corporation shall be
composed Of the following: Leon Israel
President Sam Israel, Vice President;
Karl Gutmann, Secretary Treasurer; and
they shall serve until the End Wednesday
in January, 1920. or until their successors
are elected and qualified. The Directors
shall be elected annually at a meeting
held the second Wednesday in January in
each year after date hereof. Notice of said
meeting shall be given ten days prior to
the date Of said meeting, in writing, sent
by registered mail to each stakeholder at
his last known place or residence. The
Board Of Directors may change the date
Of said annual meeting to any other date,
by written notice to that effect, sent at
least fifteen days prior to the date to
which said annual meeting shall be
changed, directed by registered mail to
each stakeholder at his last known place
Of residence. Each stakeholder shall. ct
such annual meeting or other meeting,
III