The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-29
CHARTER.
CHARTER OF VI. GLhNER HORSE MD
,IIIF ENCHNNGE. INCORPORATED.

i.igu, Parish Of ORLEANS. 'llH OF -" III
leans Er it known. Ihat on tb. .'' yc,r Of
uur Lord on" thousand nine "r".! W. "".
,fypufl before me. william b.. 'Hs''.
Notary Public, duiI 'o 1hoya n0Tisb and
St therein residing. and IA the pres,
..r,. Of tho witnesses hereinafter h3iH'"
and undersigned. personally cane anu , nr
IRE b.rprTufo subscribed. who SrNeraIlN u
rI4rpG that. a~lilinE themselves OF t nE
laws OF I'd" stat" OF lohis'"i''. w -
cases made aud provided. ana H'I', P,,I
,3.rl,-Iy of Act 20 of the General AH-
..uIhI, Of the state Of Louisiana OF i'Lf,
relating 10 the creation. organization l.u
formation Of corporations lH'l nv
rnycuHulcd and agreed ana ny ih'NS PR
apfs do hereby covenant, aEre" ana hlnu
themselves aS well as all othrf l,'INunN
e, may hereafter become as'o ,ar ,hc oh.
us and purposes under the articles anu
StipuIatiouS following, Whi'h the! "'l'O'
gd0pt as their charter, to-Wli:
ARTICLE The name ana tl'i ID, oil ,"lS
,.,r,nr.fiou shall be- VI. Chaser liofN'
NH Exchange Incorporated: ana uhu'I
H.. corporate name II shall haN" power "Il'
ryi.teuce for period OF ninety niue E'"L>
,,i.tsurp for period Of ninety mn" Years
80 At. hereof unless sooner dissolved
NV uouidation or otherwise. IL snail nav
power 10 contract. 10 sue anu w -
make and use corporate S''l, l"g no w hnIg
and break the sam" ar IlrdNhE'r ~ 'i""..'
r-rsiya lease. purchase, transfer "H0i-"'
mortgage. hypo'hc'ai". pI'dE' VI o'",,r
wise dispose of PROPERTY rear. p'tH"" -,
a. ,rf,pi rorporuul and iHrOrpor'alr 'o
i-u, bnuds and If desired, To secure same
Inv mortgage. 10 Mold stock IN O'h"r ,"Itt
p1uip-. to name aud elect "lll,tTN "uH VI
r..tors. 70 make and establish, all'r anu
,,,rnd nv laws rules and regulations TOT
it, urnprr government. rs may DE- h''iitN
necessary aud proper TOT the extension %
the business in which tn" torp"fa'l"" i
engaged.
ARTICLE 1.-THE domiciIe of this cor
,,or1finu shall be in the city of New Ut
leans. stat" Of Louisiana; ana serve 81
prorrSs shall bc made upon we
dent. or in his absence, upon the wee
President.
ARTICLE III-The objects and pur-
noses for which this corporation l. or-Ah-
lied and created and III" nature OF me
business 10 be carried on by II are u'-
.Iarcd 10 be As follows. TO enEag" G"Her-
ally in the horse mule and cattle business
To engage in the business of buying. sen
ing trading and generally drallnE j"
horses mules. cattle and all oIhrr am
mails Of any nature, kind or variety WHAT
Soever, as principal. agent ana lh'lor, anu
as auctiOneer, on commission OF Jun
wise: 10 import and export horses. huI'S'
,.yttIn and animals of every kind ana va
ricty for its own account ana ior account
of others on commission or Otherwise. 10
act as agents and brokers Tor the S'lHhE
On commission or otherwise. of horses
mules cattle and all other animals. 70
board feed, lodge. stable. hire ana taAe
cara IF horses.
animals for itself and for account OF
others: TO water and feed same for account
of others while in transit; to buy or othrr-
wise acquire and sell or otherwise dls-
pose of. for its own account ana Tor a,-
rount of Others all kinds of harness. sad
dies carriages. wagons. vehicles and tn"
like. to buy or otherwise acquire, sell or
otherwise dispose Of hold, own. lease ahd
rent real estate improved ana unlm-
proyrd: and generally to do and perform
an things pertinent and incident ana when
may be proper and necessary to carry OUT
and effect the objects and purposes mere
inbefore enumerated.
ARTICLE Iy-The capital stock of this
CORPORATION il hereby fixed at the sum OF
ten thousand (Sl0OOOOOD dollars. and SHAH
be divided into and represented by one
hundred UOm shares Of common stock, Of
the par value of one hundred tNlOOpOD DOL
lars each. said stock shall be paid Tor
in cash. or by property, or services ac-
tually rendered to the corporation, or
other equivalent of cash as provided by
law. and in such manner ana AT SuCh
times and in such installments as may De
prescribed by the Board of Directors.
This corporation shall become a going
concern and shall be authorized TO com
mence business as soon as fifty per cent
IJOC,) of its capital stock shall have been
subscribed and fifty per cent (JOCG) OF
all stock subscribed for shall in fact have
been paid for either in cash or its equiv
alent.
ARTICLE v.-The capital stock of this
CORPORATION may be increased to the sum
of fifty thousand (SjOO00OO) dollars by
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 corporation.
ARTICLE VI-All certificates of stock
Issued by this corporation shall be signed
by the President and cOuntersigned by the
Vice President, or if authorized by resolu-
ton of the Board Of Directors, shall be
signed by the President and cOuntersigned
by the Secretary and Treasurer. The
stock of this corporation can be trans
ferred only on the books OF the corpora
ton and ubjeCt to such regulations and
formalities as may be by the Board of hi
rectOrs from time to time prescribed. No
stakeholder shall be permitted to sell or
otherwise dispose of his stock witno
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 hay,
an option and first right to purchase al
the shares of stock to be thus disposed OF
by sale or otherwise of any of the stock
holders, and shall have a period of ter
days in which TO accept or decline saiC
offer. Should the stockholders decline t
purchase said stock then such stockhOldel
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 o
stock is issued herein upon the condition
and understanding that no stockholde
shall sell or otherwise transfer his stool
in violation hereof and any such sale o
transfer, if made, shall be void. and thi
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 power
of this corporation shall be vested in ant
exercised by Board of three Directors
two of whom shall constitute a quorum
for the transaction of business. The hi
rectOrs of the corporation may vote in per
son or by written or Geographic proxy n
any of the meetings of the Board of hi
rectors; and the Board of Directors ma
delegate any of its powers to any officer
or officer or any other representative q
the corporation by appropriate resolutiO
to that effect. The first Board of DireC
tors of this corporation shall be compose
of the following: Jacob +. CHASER. Mr.
Anna CHASER, Miss Lillian Chaser, wit
the following officers: Jacob +. Glase
President; Mrs. Anna CHASER, Vice Pres
dent, Miss Lillian CHASER. Secretary
Treasurer; and they shall serve until oh
first Wednesday in July, 1921, or unit
their successors are elected and Qualifie,
The Directors shall be elected annually
meeting held on the first Wednesday
July in each year after date hereof. y,
tice of said meeting shall be given te
days prior to the date of said meeting,
writing. sent by registered mail to eaC
stakeholder at his last known place
residence. The Board of Directors ma
change the date of said annual meeting
any other date, by written notice to thu
the date to which said annual meetin
shall be changed, directed by registere
mail to each stakeholder at his last know
place Of residence. Each stakeholder shal
"a DIAMONDS