The herald., 1920-08-05
CHARTER.
CHARTER OF VI. CHASER HORSE MD
MILE EXCHANGE. INCORPORATED

MfTE TxCHASGE. INCORPORATED.
United States Of America state of Lou
i,iana, Parish of Orleans, city Of NtN , Oh
isars re II known. That on TINS LIN
day of the month of June, in the year oi
our Lord one thousand nine huhGiru "'',
twenty. before me- william Nn1'' IND
Notary Public. duly COEml>oIoh'u 80 80
ouaIified. i'm and for the above Parish anu anu
State. thoToin residing, ana m the pI,s,
cuge Of the witnesses hereinafter Hi"lyu
and undersigned. personally came anu az
,,oIrcJ me several parties whose names
are hereuutO subscribed. VINO ScNetaIiS %
Tlarpd that. awaiting themselves OF ths
I,vrs Of the State of Louisiana. IN SH'H
Iascs made and provided. and more par
ticul3rIy Of Set 26T Of the General ~
sambIy Of the state OF Louisiana OF I"lfi
relating 10 the creation. organization 'l'.h
formation of corporations 'in'E nav
coyfuantcI and agreed and by these pres,
ruts do hereby covenant, agree ana hlh"
themselves as wei a. all other persons
as NAV hereafter become associated WIZ
tbpn 10 form a corporation for the on,
iects and purposes under the articles au'
stinuIafIouS following, which they hereby
adopt As their charter. tO-wIt; .
ARTICLE THE name ana titlr "t TINS
corpOTatiOn shall be ". Chaser i"TS' ~
Mule Exchange, Incorporated anu uhutI
its corporate name IL shall have power dhh
existence for a period OF ninety nine years
.,ristpucp for period of ninct y nine years
from date hereof, unless sooner ulSsOiNtu
NV IiouidatiOn or otherwise. IL snail nave
nOVpr 10 contract 10 sue ana w. NH'u W
make and use a corporate seal, ana [" amer
and break the same at pleasure. 10 hoId'
receive lease, purchase, transfer assign
mortgage, hypOthecate, pledge OF othtI
wise DISPOSE of property. real personal
ar MIXED corporcal and Incorporate 10
issue bonds. and. If desired. TO secure same
by mortgage: to hold stock IN Othtr com
NAMES: TO name and elect Officers ana al.
Trectors. TO make and establish, alter and
amend bylaws, rules and regulations Tor
It's proper government, As may b" deemed
necessary and proper Tor the "Nt'hSioh oi
the business in which the corporation -
ARTICLE 1.-THE domiciIe Of this cor
poration shall be in the City OF New Or
leans State Of Louisiana; ana service OF
process shall be made upon the PTgsl-
dent, or. in his absence upon 'he wee
ARTICLE UI.-The objects aud pur-
noses for which this corporation Is organ
lied and created aud the nature OF the
business to be carried on by II are de
cIared to be as follows: To engage Erher-
ally in the horse. mule and. cattle business
70 engage In the business of buying. sell
ing trading and generally dealing IN
horses. mules, cattle. ana all uthtF am
mails of any nature, kind or variety what,
sOeyer as principal, agent ana 1acIOr' anu
as auctiOnCer, on commission or other
wise; to import and export horses, mules
cattle and animals Of every kind ana va
riety for it's own account and for account
of others. on commission or otherwise TO
act as agents and brokers for the SAILING
on commission or otherwise, OF horses
mules, cattle and all other animals; TO
board feed, lodge. stable, hire and take
care of horses mules, cattle and all other
animals for itself and for account OF
others; to water and feed same Tor account
of others while in transit; TO buy or other
wise acquire and sell or otherwise dis
pose of, for its own account ana Tor aC-
count of others, all kinds of harness. sad
dies carriages, wagons, vehicles ana the
like: 10 buy or otherwise acquire, sell or
nfh 81 hold. II.
rent, real estate improved and unim-
proved and generally to do and perform
all things pertinent and incident and which
may be proper and necessary to carry out
and effect the objects and purposes here
inbefore enumerated.
ARTICLE Iv.-The capital stock of this
corporatiOn is hereby fixed at the sum of
ten thousand (s1OOO0.OOl dollars. and shall
be divided into and represented by one
hundred 900 shares of common stock. OF
the par value of one hundred tSlOOOOl dol
lars each. Said stock shall be paid for
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 and at such
times and in such installments as may be
prescribed by the Board of Directors.
This corporation shall become going
concern and shall be authorized to com
mence business as soon as fifty per cent
(5OGo) of its capital stock shall have been
subscribed and fifty per cent (JOfdl OF
all stock subscribed for shall in fact have
been paid Tor either III cash OF l's equiv
alent
ARTICLE V.-Thc capital stock of this
corporation may be increased to the sum
of fifty thousand (xJ0.O00.00) dollars by
vote of two-thirds of all the stock present
or represented at special meeting called
for that purpose or at u regular annual
meeting of the corporation.
ARTICLE NI-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 subject to such regulations and
formalities as may be by the Board of Iii
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, Mt price not exceeding the
book value thereof; and said stockholders
In proportion to their holdings. snail have
an option and hrst right to purchase all
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 ten
days In which to accept or decline said
offer. Should the stockholders decline to
purchase said stock, then such stakeholder
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
and understanding that no stakeholder
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 NII.-The corporate powers
of this corporation shall be vested in aud
exercised by a 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 at
any of the meetings of the Board of hi
rectors; and the Board of Directors may
delegate any Of Its powers to any officers
or officer or any other representative o
the corporation by appropriate resolution
TO that effect. The first Board of Direc-
tors of this corporation shall be composed
of the following: Jacob +. CHASER, Mrs
Anna Chaser. Miss Lillian CHASER. with
President; Mrs. Anna Chaser, Vice Presi
dent: Miss Lillian CHASER, Secretary
Treasurer: and they shall serve until tn,
first Wednesday in July, 1921, or unit
their successors are elected and qualified
The Directors shall be elected annually 4;
meeting held on the first Wednesday Of
July In each year after date hereof. No
tice of said meeting shall be given tel
days prior to the date of said meeting, il
writing, sent by registered mail to eacl
stakeholder at his last known place o
residence. The Board of Directors ma,
change the date OF said annual meeting t,
any other date, by written notice to tina
effect, sent at least fifteen days prior L
the date to which said annual meetint
mall be changed, directed by registere,
Jail TO each stakeholder at his last know
ace Of residence. Each stakeholder shall
~ such annual meeting or other meeting
general or special be entitled in perso
or by written or Geographic proxy to on