The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-01

| WILLIAM j. GlSTE,
| !SeaLI Notary Public.
CHARTER OF LEON ISRAEL & BROS,
| HAITD INC.
| United States of America, State of Louis
| lana, Parish of Orleans. City of New Or
| leans. BE il known, that on this Sth day
| of the month of December. in the year of
| our Lord, One Thousand Nine Hundred
and Nineteen, before me. Herman l.. Bar
| nett, Notary Public, duly commissioned
| and qualified. in and for the above Parish
and State, therein residing, and in the
| presence of the witnesses hereinafter
| named and undersigned, personally came
ana appeared the several parties whose
names are hereunto subscribed. who sew
| orally declared that. availing themselves
! or the laws of the State of Louisiana.
In such cases made and provided. and more
particularly of Act 267 of the General As
sembly of the State of Louisiana of 1914
relating to the creation. organization and
formation of corporations. they have cove
nanted and agreed and by these presents
90 hereby covenant, agree and bind them
serves, as well as all other persons as NAV
hereafter become associated with them TO
form corporation for the objects and
purposes under the articles and stipula-
uonS Following, which they hereby adOpt
as their charter. -to-wit:
ARTICLE 1.-The name and title of
this corporation shall be Leon Israel x
Bros. (Haiti), Inc, and under its cor
porate name it shall have power and an
thorlty 10 have and enjoy corporate ex-
1stence for a period of ninety nine wears
| from date hereof, unless sooner dissolved
by liquidation or otherwise. 1t shall
nave power to contract; to sue and be
sued 10 make and use a corporate seal.
ana 10 alter and break the same at plea
sure To hold, receive, lease, purchase
transfer, assign, mortgage, hypothecate.
pledge or otherwise dispose of propertv
rear personal or mixed, corporal and in
corporeal; to issue bonds and. if de-
sired, TO secure same by mortgage: TO hold
stock in other companies; to name. elect
ana appoint such manager, agents direc-
tors, and officers as the interest and con
.ehlence OF said corporation may require:
70 make and establish alter and amend
bylaws, rules and regulations for its
proper government, as may be deemed
necessary and proper for the extension or
engaged. IL
ARTICLE 1.-THE domicile of this cor.
poration shall be in the City of New Or
leans, state of Louisiana; and service of
process shall be made upon the Presi-
dent, or, in his absence, upon the Secre-
tary.
ARTICLE III-The objects and pur-
poses for which this corporation is orga-
niZed and created and the nature of the
business to be carried on by it are de-
clared to be as follows:
To engage in q general import and ex-
port business in the United States and in
foreign countries and to carry on a gener-
al merchandise business; to import and
export, buy and sell at wholesale and re-
tail. or otherwise acquire and DISPOSE of
and generally to trade and deal in goods,
wares, products, commodities and mer-
chandise of every kind and description
as principal, factor or agent; and gen
orally to do and perform allthings per-
tinent and necessary to carry out and
execute the objects and purposes herein.
above enumerated.
ARTICLE Iv.-The capital stock of
this corporation is hereby fixed at the
sum of Five Thousand Dollars, and shall
be divided into and represented by
fifty shares of common stock, of the par
value of One Hundred (S100.O0 Dollars
each. Said stock shall be paid for in
cash, or by property. or services actually
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 pre-
scribed by the Board of Directors. This
shall become a going concern
and shall be authorized to commence
business as soon as fifty per cent of all
stock subscribed for shall in fact have
been paid for, either in cash or it's equiva-
lent.
ARTICLE v.-All certificates of stock
issued by this corporation shall be signed |
by the President and countersigned by |
the Vice-President or If authorized by |
resolution of the Board of Directors, shall
be signed by the President. and counter !
signed by the Secretary and Treasurer. |
The stock of this corporation can be
transferred only to the books of the cor |
poration and subject to such regulations
and formalities as may be by the Board |
Of Directors from time to time prescribed. |
No stakeholder shall be permitted to sell |
Or otherwise dispose of his stock without
first offering the same in writing to the
,ther stockholders through the Board of
Directors at price not exceeding the book
%. ant1 cAn In
proportion to their holdings, shall have
IN option and first right to purchase all
he shares Of stock to be thus disposed of
~ sale or otherwise of any of the stock
lays in which to accept or decline said
,ffer. Should the stockholders decline
o purchase said stock, then such stock
FOLDER is at liberty to sell or dispose of
he stock, and may do so in any manner
md at any price he may deem fit.
Each share Of stock is issued herein
Ipon the condition and understanding
hat no stakeholder hall sell or other
wise transfer his stock in violation hereof,
nd any such sale or transfer IL made
e under no obligation to list said stock
n its books or to regard the holder of
he certificate thereof.
ARTICLE vI-The corporate powers of
his corporation shall be vested in and
xercised by a Board Of four Directors,
hree of whom shall constitute a quorum
Or the transaction of business. The d.
ectors Of the corporation may vote in
erson or by written or Geographic proxy
t any Of the meetings of the Board OF {
directors: and the Board Of Directors I
lay delegate any Of its powers to any
fficer or officers or any representative
the corporation by appropriate resolu- {
on to that effect.
The first Board Of Directors Of this cor
grafton shall be composed Of the fol- ;
wing: Sam Isreal, President: Achille t,
srael, Vice President; Karl NJ. Gutmann,
ecretary Treasurer; Leon Israel; and ,
ley shall serve until the second We'd !
esday in January, 1921. or until their ,
1ccessors are elected and qualified. The
directors shall be elected annually at
,eeting held on the second Wednesday I
, January in each year after date hereof. ,
office of said meeting shall be given ten !,
avs prior to the date of said meeting, !
i writing, sent by registered mail to
ach stakeholder at his last known place Z
residence. The Board Of Directors may
nange the date Of said annual meeting I
, any other date, by written notice to
lat effect sent at least fifteen days prior
!, the date to which said annual meeting
hall be changed, directed by registered ,
Iail to each stakeholder at his last known
lace of residence.
Each stakeholder shall, at such annual Z
Ieeting or other meeting general or spec q
Il, be entitled in person or by written '
T telegraphic proxy to one vote for each {
hare Of stock owned by him. The cleo
on shall be held under such rules and {