The herald., 1920-03-04
ACT OF INCORPORATION OF WILL
LIAM ID. SEYMOUR CO, INC.

State OF Louisiana. Parish of Orleans.
! City of New Orleans. BE II known. srhat
| on this thiTty-tirSt Gay 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 Forcclle. Jr..ea Notary
| Public in and for the Parish of Orleans
State of Louisiana. aforesaid. duly com
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 severally
declared that. availRg themselves of the
provisions of the general laws az 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 well as all such persons as
may hereafter become associated with
| them. to form and constitute n corpora
| ton and body polite in law. for the OBJ
| jectS and purposes and under the Stipula-
| tiOns and agreements following, to-wit:
| ARTICLE 1.-The name and title of this
corporation shall be william ID. Seymour
Company. Inc" and il shall exist and
enjoy succession by it's corporate name
| for a 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
! City of New Orleans, Louisiana, and all
4
| 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.
| for which this corporation is organized
and the nature of the business TO he car
ried on by il are declared to be, to carry
on a 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. cOmmodi-
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:
TO 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 such 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
he 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
this corporation is hereby fixed at seventy |
five thousand dollars (s7500O00). to be
divided into seven hundred and fifty |
shares, of one hundred dollars 's1O0OO) |
each: which said stock shall DC paid for !
in cash or in property and good will trans |
ferred to said corporation or in work |
done for or services rendered to said cor |
pordtiOn, as may be decided by the Board |
of Directors and upon terms TO be fixed by |
said Board of Directors. All transfers of |
stock shall he made on the books of the |
corporation, and no transfer of stock shall |
be in any way binding on the corporation
unless and until ii is made in pursuance |
to the provisions of this charter. No |
stakeholder of this corporation shall be |
permitted to sell or otherwise dispose of |
his stock without first Offering rhe 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 have an option and first |
right to purchase all of the shares of stock |
to be thus disposed OF by sale or other |
wise OF any of the stOckh elders, and shall |
have period of ten days in which to ac-
cept or decline said offer. Should the
stockholders y 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 is
sued herein upon the condition and I'M
Outstanding that no stakeholder shall sell
or otherwise transfer his stock in viola
ton 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 regard the holder
of the certificate thereof. Each share OF
stock shall entitle the owner thereof |
either in person or by proxy, TO cast one
vote at all general meetings. The capital
stock of this corporation may be increased
to any amount not exceeding two hundred |
and fifty thousand dollars.
ARTICLE 1V.-Al the corporate pow
ers of said corporation shall be vested in |
and exercised by a Board of Directors. |
composed of not less than three nor more |
than seven stockholders, to be elected at |
an annual meeting Of the stockholders to |
be held on the first Tuesday Of January |
Of each year; If the date fixed for said |