The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-06
CHARTERS


leans, State Of Louisiana. where all eta
lions or legal process shall b" served upon
the President, or, in his absence, on tn"
Vice President. or. in the absence of both.
upon the Secretary.
ARTICLE III,Thc objects and pur-
poses for which this corporation Is formed.
and the nature of the business TO b" car
rird on. are hereby declared TO he. to
carry on the business of undertaker>. ON
balmers. mOrticians and funeral dir'c-
tors: also to carry on the business of liv-
cry men. including the hiring of horses
and the Keeping of horses. horse drawn
vehicles and automobiles: to conduct q
public garage for the sale repair and
hiring of automobiles and other vehicles:
to buy and sell horses. mules, carriages
and wagons and other vehicles and auto
mobiles. as Well as merchandise of every
and any description that may be ncccs-
Sary. convenient OF incidental to the con
Quoting Of the business To he engaged in
by il, and generally TO do every character
of business not otherwise prohibited by
this State.
ARTICLE IV.-Thr capital stock OF this
corporation is hereby fixed at the sum
of twenty thousand jS20OOWl dollars.
divided into two hundred (2UOD shares of
the par valu" of one hundred (SlOOOW dol
lars each. provided that the amount to
which the capital stock of this corpora
tiOn may be- increased shall be fifty
thousand (SJ0. OOO0Ol dollars, or five hun
bred CJOW shares. one hundred and two
tlO2D shares. or ten thousand two hundred
$50 2OO.0OD dollars. of the capital stock
of this corporation must be subscribed
before the filing of the articles of inCOT-
pOra;ion. The subscribed capital stock of
this corporation shall he payable in cash.
property (rcHl or PERSONAL, or for labor
and services rendered and performed. No
stakeholder shall ever he held liable or
responsible for the faults. contracts or
debts of this corporation in any further
sum than the unpaid balance due tn" cor
pOratiOn on the shares of stock subscribed
l. afnr Rsal "a
in organization have the effect of render
ing this charter null or of exposing any
shareholder to any liability whatsoever.
This corporation shall not engage in bus
mess until one hundred and two (lO2)
shares. or ten thousand two hundred $50.
2OO.00) dollars of the capital stock shall
have been issued and paid in. in cash or
for property. or for cash and prOnerty.
and il any stock of this corporation il
exchanged. either in whole or in part, for
property or good will. in that event tn"
provisions of Section 3 of Act 261 of 1911
shall he complied with strictly.
ARTICLE N.-All the corporate powers
of this corporation shall be vested i'll
and exercised by a Board Of Directors. to
he composed of three stockholders. each
of whom shall own in his own right. dur
ing his term of office. at least one full
paid share of stock. two of whom shall
constitute a quorum for the transaction
of business.
ARTICLE vI.-Thc officers OF this cor
President and Secretary -TreaSurer. all of
whom shall be members of the Board of
Directors. The following named persons
shall constitute the first Board of III
rectors. tO-wit: Jack PannO. No. 624 St
Philip ST.. New Orleans. La: Joseph NJ
Falo. No. 1904 Magazine ST.. New Orleans
La; Charles i. Lamana. Mo- 1913 81
Pbilip St. New Orleans. La. all residents
of the state of Louisiana. as above stated.
with Jack PaHnO. President; Charles p.
I.amana. Vice President. and Joseph NJ.
Fallo. Secretary Treasurer. and these hi
rectOrS shall hold office until the last
Monday of April. 1921. or until their sue
cessOrs are duly elected and qualified.
Thereafter the Directors shall be elected
annually on the last Monday of April OF
each year: all elections of Directors shall
be by ballot and each Stockholder shall
be entitled to one vote for each share of
stock standing in his name on the books
of this corporation. this vote to be cast in
person or by written proxy. and 1t shall
require twO-thirds of the stock present or
represented to elect. Failure to hold an
election for Directors on the last Monday
of April, 1921. or annually thereafter, shall
not work forfeiture of this charter. but
the old Board of Directors shall remain in
office until their successors are duly elect
ed and qualified.
ARTICLE VII.-The Board Of Directors
shall hold regular meetings 1T such times
as shall be fixed in the bylaws of this
corporation. These meetings shall be held
at the dOmicile of the corporation. but the
u
the Board of Directors at such times as
he may deem advisable. and he shall be
required to call such special meetings at
the request of a member of the Board of
Directors. Three days written notice of
Smch special meetings shall be given to
the Directors. Any vacancy occurring in
the Board of Directors. either from death.
resignation or inability to serve. shall be
filled by the remaining Board of Directors
at its next regular meeting after such
vacancy shall have occurred. The first
Board of Directors of this corporation
shall be required to draft suitable bylaws
for the government of this corporation,
which may be altered, amended or changed
as the eNigencieS of the case may require.
ARTICLE VIII.-The stock of this cor
pOratiOn may he transferred provided
such transfer shall be recorded on the
books of this corporation before il shall
be required to recognize the transfer or
the new holder OF said stock The total
amount of the subscribed stock as herein
set forth, is the sum of ten thousand two
hundred $50, 100000 dollars. or one hun
dred and two l02D shares. which are here
by authorized to be issued fully paid for
and worcestershire, for cash, and in ex-
change of property, or both. according to
law. In the event that any stakeholder
desires to sell his stock, or any part or
portion thereof. he shall first offer same
to the remaining stockholders. in proper
ton to their respective holdings. at its
book value. This offer is TO be made to
appear by letter addressed to each stock
II
expiration of which time, the said stock
holder desiring to sell his stock, shall
be at liberty to do so at whatever price
and to whom he shall please.
ARTICLE IX.-This charter may be
modified or altered. the capital stock
thereof increased or decreased, or tina,
may be dissolved with the as.
sent of two-thirds of the capital stock
present or represented at any meeting OF
the stockholders held for that purpose,
after prior notice in writing to each stock
holder, mailed to him at his last known
pOstoffice address, all in accordance with
the terms of Act 267 of 1914
ARTICLE X.-At the expiration of this
charter or the earlier dissolution of this
corporation. for any cause, its affairs
dators to be elected by the stockholders,
all of whom shall hold stock in this cor
poration, and said liquidators are hereby
vested with full power and authority to
liquidate the affairs of said corporation,
with full power to act under I6, the terms OF
ARTICLE XI.-The appearers hereby
declare that they have subscribed to the
following number of shares Of the capital
stock of this corporation, tO-wit: Jack
Panno. 624 st. Philip Street, City, one
1924 Magazine ST., City. one a. share;
Charles p. Lamana, 1915 st. Philip ST.,
City, one ID share. The subscriptions Of
Joseph NJ. Fallo and Charles p. Lamana
shall be paid for in cash, and the subscrip-
ton Of Jack Pann0 shall be fully paid
for by the transfer by him of the business
conducted by him at No. 624 st. Philip
Street, this City. together with the per-
sonal property contained In said premises,
lease, etc, and goodwill of said business,
etc, an accurate, detailed and itemized
statement and description of said property
being hereto annexed and read in connec-
ton herewith, and the said property was