The herald. [volume] (New Orleans, La.) 1905-1953, 1919-04-10

lie II known that on this 10Th day of
the month Of March, 1919: before me.
Scott +. Beer. Notary Public. i'm and for
the farlsh OF Orleans. State of Louisiana,
thereih residing. duly sworn. commissioned
ana qualified, and in the presence of tbe
witnesses hereinafter named. and under
signed, personally came and appeared the
spferai parties whose names are hereunto
subscribed who Severally declared that
awaiting themselves of the laws of the
state of Louisiana in such cases made and
provided. they have contracted and agreed
anu; py theSe presents, contract, agree and
plld themselves. as well as all others who
may hereafter become associated with them
10 FORM corporation for the objects
and purposes hereinafter set out and
uhder articles and stipulations, as follows.
ARTICLE 1.-The name of this corpora
tlon shall be Equitable Sales CORPORATION
INC Dy which name said corporation shall
nave ana ENJOY corporate existence for the
term OF ninety nine years from and after
the date hereof, unless sooner dissolved
by law. Its domicile shall be in the CITY
OF New Orleans, State of Louisiana. and
II shail nave for the purpose of the bust
and authority. conferred by law upon cor
porations, and shall generally exercise all
the powers necessary and proper to carry
on said business.
ARTICLE II-An citation and other
legal process shall be on the President and.
IN his absence, on the Vice President or
other officer of the corporation
ARTICLE iII.-The objects and purposes
Tor winch this corporation is organized
ana the nature of the business to be car
ried on by it are hereby declared to be
the following: To carry on a general
brokerage business in all its phases. as
Wen as TO act as attorney in fact in all
legal enterprises; also, to buy. sell and
finance real estate, stocks, bonds notes
open account, commercial paper obligations
ana securities; TO lend and borrow money
as agent for individuals and firms and cor
porations. And generally to do and per-
form all acts necessary or incidental to the
above designated businesses or connected
Herewith in any wise
ARTICLE IY.-The capital stock of this
corporation is hereby declared to be Five
Thousand Dollars $4,000 which shall con-
sist OF fifty shares of the par value of
cent of the said capital stock shall be
subscribed before the filing of these
articles of incorporation. and fifty per cent
OF the said subscribed capital shall be
pald IN before this corporation shall en-
gage In business. The remainder of the
capital stock shall be paid in ut such
times as the Board of Directors NAV de-
termine All stock shall be paid for in
cash or its equivalent in labor done for
the benefit of the corporation or property
actually received by the corporation. The
amount to which the capital of this cor
poratlon may be increased is fixed at the
sum or SlOOOOO. No transfer of stock of
this corporation shall be binding unless
made on the books of this corporation. as
far as concerns this corporation. and no
sale or other disposal of the stock of this
corporation shall be valid unless first of
fered to the remaining stockholders of
this company for ten days at a price not
to exceed the book value thereof on the
date of said offer, after which if the said
offer is not accepted, by any stakeholder,
the stock may be offered and sold by the
owner thereof to any purchaser. All stock
ject to this provision of the charter
ARTICLE VAN the powers Of this cor