The herald., 1919-08-21
CHARTER.
CHARTER OF FITZPATRICK & TILL
AUCTION COMPANY, INCORP0-
DATED

United States Of America, State OF Louis
lana. Parish Of Orleans. CIty Of New Or
leans. BE il known, that on this twelfth
Q2th) day OF the month OF July, IN the
year Of our Lord, one thousand nine hundred
and nineteen G9l9), and Of the Independence
of the United States OF America, the one
hundred and forty fourth U+4th).
Before me, Henry Leon Sarpy a Notary
Public, duly commissioned and qualified Tor
the Parish OF Orleans, State OF LOUISIANA,
and in the presence OF the witnesses mere
matter named and Undersigned; personally
came and appeared, the several persons
whose names hereunto subscribed VINO
declared that, avaIliug themselves OF the pro
visions Of the laws of the State OF Louis
lana relative 10 the organization and tOrma-
ton Of corporations, and more PARTICULAR y
Act No. 2J7 OF the General Assembly OF the
State Of Louisiana Tor the year 1914, they
have c0venanted and agreed and they do by
these presents covenant and agree, bind and
obligatc themselves as well as such other
persons as may hereafter become associated
with them, to form and constitute a corpora
ton and body polite in law for the objects
and purposes and under the agreements and
stipulations hereinafter Set forth, to-wit:
ARTICLE 1.-The name and title Of this
corporation is hereby declared to be, "Fitz-
patrick & Til Auction Company, lncorpo-
rated" and under that name It shall have
and enjoy all the rights, privileges and adj
vantages accorded to corporations by the
State Of Louisiana; it shall exist for a period
Of ninety-nine C99) years from and after this
date.
ARTICLE 1.-THE domicile of this corpora
ton shall be the City Of New Orleans State
of Louisiana. All citation other legal
process shall be served upon the President,
and in his absence upon any one of the other
officers Of the corporation.
ARTICLE III.-Ihe objects and purposes
for which this corporation IS organized and
the nature Of the business TO be carried on
by it are declared to be to carry on the
business OF iobbers, auctioneers, and a
wholesale and retail business IN general
merchandise, goods wares, clothes, wearing
apparel, furniture. household effects of every
sort and description, and also to make, manu-
facture. store buy, sell and deal in, a.
wholesale and retail, at public auction
private sale, or otherwise, all and every
character and kind Of goods. wares and mer-
chaudise, clothes, wearing apparel and fur
niture and household effects Of every kind
or description. and to receive goods, wares
and merchandise, clothes, wearing apparel
and furniture and household goods of every
kind or description on consignment other
wise and to sell same on commission basis
otherwise and generally 10 do all things
necessary or incidental in the premises TO
carry ont and further the objects and purposes
OF this corporation.
ARTICLE IV.-The capital stock Of this
corporation shall be Thirty Thousand Dollars
(S5OoOOO, TO be divided into and represent
ed by Three Hundred 900 shares of the par
which shall all be common stock, fully paid
and worcestershire. No stakeholder shall
sell otherwise dispose of his stock with
out first offering it to the stockholders,
through the Board of Directors, at its book
value in writing. and the stockholders shall
have five days within which to accept or
reject it. This corporation shall become a
going concern when fifteen thousand dollars
($l5OOOOO of its stock shall have been sub
scribed and paid for. either in cash its
equivalent, as allowed by law.
ARTICLE N.-All the corporate powers OF
this corporation shall be vested in and ex-
,ercised by a Board of Directors to be
posed of four stockholders, three of whom
shall consttutee a quorum; each member OF
said Board shall own at least one % share
Of stock in his own name the books of
the company, and unencumbered. The Di
rectors shall be elected annually by ballot
at meeting OF the stockholders to be held
in compliance with Section 10 of Act 267 OF
1914. The first Board of directors, to serve
until the third Monday in January, 1920, or
until their successors shall have been duly
elected and qualified. shall consist of Harry
w. Fitzpatrick OF No. 1876 Robert Street,
New Orleans; Louis y. Till, No. 1909 Peters
Avenue, New Orleans; William H. Fitzpat
rick, No 1917 Peters Avenue, New Orleans
and Hugh s. Till, of No 1909 Peters venue,
New Orleans, of which Harry w. Fitzpat-
rick, shall be President; Louis N Till, First
Nice-President. William II. Fitzpatrick. sec
ond vice president, and Hugh s. Till, Secre-
tary Treasurer. All vacancies in said Board
will be filled by the remaining directors for
the unexpired term.
The Directors shall have the power and
authority to sell, mortgage and pledge any
kind of property owned by the corporation,
either in whole or in part; to purchase,