The herald., 1920-02-19
ACT OF INCORPORATION OF VIII.
LIAM ID. SEYMOUR CO.. INC.

State OF Louisiana, Parish Of Orleans
City of New Orleans. BE IL known. That
on this thirty-iirst DAY of the month OF
December: in the year of our Lord nine
teen hundred and nineteen and Of the In
dependence Of the United States of Amer
lea the one hundred and forty fourth. be-
fore me. J. Henry Forcelle. Jr, a Notary
Public. in and for the Parish of Orleans,
missioned. sworn and qualified and in the
presence of the witnesses hereinafter
named and undersigned. personally came
and appeared. the several persons whose
names are hereto subscribed, who severaliy
declared that. availing themselves of the
provisions Of the general laws OF this
State, providing for the organization of
corporations, particularly Act 261 of 1914.
they have covenanted. and agreed and by
these presents covenant. agree and bind
themselves as we'll as all such persons as
may hereafter become associated with
them. to form and constitute a corpora
tion and body polite In law. for the OBJ
jects and purposes and under the stipula-
tons and agreements following. to-wit:
ARTICLE 1.-The name and title of this
corporation shall be william ID. Seymour
Company. Inc.." and 1t shall exist and
enjoy succession by its corporate name
for period of ninety nine (99) years
from date hereof. unless sooner dissolved.
with all the rights and powers now or
hereafter conferred by law upon similar
corporations. It's domicile shall be in the
y
citations and other legal process shall be
served upon the President. and. in the
event of his absence or inability to act.
upon the Vice President or Secretary. In
the order named.
ARTICLE 1.-THE objects and purposes
for which this corporation is organized
and the nature Of the business to be car
ried on by II are declared to be, to carry
on general merchandise commercial
brokerage and commission business. To
import and export. buy and sell. at whole
sale and retail. or otherwise acquire and
dispose OF, and generally to trade and
deal In goods. wares. products. eommodi-
ties and merchandise of every kind and
description. as principal. factor or agent
TO act as buying and selling agents for
merchants and manufacturers In the
United States and all foreign countries:
10 act as forwarding, export and financial
agents: to establish and conduct ware
houses. and to do all kinds of commercial
brokerage and commission business. And
generally to do and perform snch acts and
deeds and transact such business as may
be Incidental or germane to any Of the
objects and purposes herein set forth
the foregoing details not being Intended to
be exclusive, il being intended to do any
act or thing necessary to carry out and
accomplish the purposes of said corpora
ton.
ARTICLE III.-The capital stock of
his corporation il hereby ixed at seventy
i've thousand dollars ($1500O.U0). to be
divided into seven hundred and fifty
shares. of one hundred dollars sS100.00)
zach: which said stock shall NJ paid for
IN cash or IN property and good will trans
Ierred to said corporation or in work
lone for or services rendered TO said cor
Dorition. as may be decided by the Board
aid Board of Directors. All transfers of
'tock shall be made on the hooks of the
corporation, and no transfer Of stock shall
70 In any way Dinding ON the corporation
lnless and until 1t is made In pursuance
o the provisions of this charter. No
of this corporation shall lie
permitted to sell or otherwise dispose OF
his stock without first Offering ,he same
n writing to the other stockholders.
through the Board of Directors. mt a price
lot exceeding the book value thereof; and
'aid stockholders. In proportion to their
holdings. shall have an option and first
light to purchase all of the shares Of stock
Q be thus disposed Of by sale or other
rave period of ten days In which to ac-
'ept or decline said offer. should the
decline to purchase said
stock, then such stockhoider IL at liberty
o cell or dispose II the stock. and may
10 so in any manner and at any price he
nay deem fit. Each share Of stock Is is
sued herein npen the condition and I'M
that no stakeholder shall sell
Ion shrreof. and any such sale or transfer
{ made shall be- void, and this corporation
hall he under no obligation to- list said
took on its books or 10 regard the holder
= so. the . essis ssss sAefss c ssss q
,ifher in person or by pro4y, to cast one
Tote at all general meetings. The capital
'tock Of this corporation may be Increased
o sny amount not exceeding two hundred
ind fifty th0ueand dollars.
ARTICLE Iv.--An the corporate pow
~ Of said corporation shall be vested In
md exercised by a BOARD Of Directors.
omposed Of not less than three nor more
han seven stockholders. to be elected AZ |
n annual meeting Of the stockholders 10
y held On the href Tuesday ~ January /
{ each year; ~ the date nx(d for said /