The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-22
CHARTER OF LEON ISRAEL & BROS.
(HAITD INC.

(Seal) Notary Public.
Dec. 25-Jan. 20.
CHARTER OF LEON ISRAEL & BROS.
(HAITD INC.
United States of America, State of Louis
lana, Parish of Orleans, City of New Or
leans. BE it 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
and appeared the several parties whose
names are hereunto subscribed, who sew
orally declared that, availing themselves
of 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
do hereby covenant, agree and bind them
selves as well as all other persons as may
hereafter become associated with them. to
form corporation for the objects and
purposes under the articles and stipula-
tons following, which they hereby adopt
as their charter, to-wit:
ARTICLE 1.-The name and title of
this corporation shall be Leon Israel &
Bros. (HaitiC, Inc, and under its cor
porate name, it shall have power and au-
thority. to have and enjoy corporate ex-
tstence for period of ninety nine years
from date hereof, unless sooner dissolved
by liquidation or otherwise. 1t shall
have power to contract; to sue and be
sued; to make and use a corporate seal
and to alter and break the same at plea
sure. To hold, receive, lease, purchase,
transfer, assign, mortgage, hypothecate,
pledge or otherwise dispose of property,
real. personal or mixed, corporal and in
corporal; to issue bonds and IL de-
sired, to secure same by mortgage; to hold
stock In other companies; to name, elect
and appoint such manager, agents, direc-
tors, and officers as the interest and con-
venience of said corporation may REQUIRE .
TO make and establish, alter and amend,
bylaws, rules and regulations for its
proper government, as may be deemed
necessary and proper for the extension OF
the business in which the corporation is
engaged.
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 mades upon the Presi-
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 a 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
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 (s100.0 Dollars
each. Said stock shall be paid for in
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
Corporation shall become 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 its 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
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
other stockholders through Che Board of
Directors at a price not exceeding the book
w
proportion to their holdings, shall have
an option and first 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 period of ten
days in which to accept or decline said
offer. Should the stockholders decline
to purchase said stock, then such stock
holder 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 hall sell or other
wise transfer his stock in violation hereof,
and any such sale or transfer IL made
be under no obligation to list said stock
on its books or to regard the holder of
the certificate thereof.
ARTICLE vI.-The corporate powers of
this corporation shall be vested in and
exercised by a Board Of four Directors,
three Of whom shall constitute a quorum
for the transaction Of business. The d.
rectors Of the corporation may vote in
person or by written or telegraphic proxy
at any Of the meetings of the Board of
Directors; and the Board of Directors
may delegate any of it's powers to any
officer or officers or any representative
OF the corporation by appropriate resolu-
ton to that effect.
The first Board of Directors Of this cor
poration shall be composed Of the fol
lowing: Sam Isreal. President: Achille
Israel, vice-President; Karl M Gutmann,
Secretary Treasurer: Leon Israel; and
thew shall serve until the second We'd
nesday in January, 1921, or until their
successors are elected and qualified. The
Directors shall be elected annually at a
meeting held on the second wednesday
Of January in each year after date hereof.
Notice Of said meeting shall be given ten
days prior to the date Of said meeting.
in writing. sent by registered mail to
each stakeholder at his last known place
Of residence. The Board Of Directors may
change the date Of said annual meeting
to any other date. by written notice to
to the date to which said annual meeting
shall be changed. directed by registered
mail to each stakeholder at his last known
place of residence.
Each stakeholder shall. at such annual
meeting or other meeting general or spec
ial, be entitled in person or by written
or telegraphic proxy to one vote for each
share of stock owned by him. The cleo
ton shall be held under such rules and
regulations as may be from time to
time determined by the Board of Direc-
tors. The Directors when elected shall
hold office for one year or until their