The herald., 1920-02-26

State of Louisiana, Parish Of Orleans:
City of New Orleans. BE II known, That
on this thirty first day OF the month Vi
teen hundred and nineteen and OF the IN
dependence Of the United states or Amer
lea the one hundred and forty fourth, be-
fore me, J. Henry Forcsilei Sr =, o TSsa
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 severaliy
declared that, availing themselves OF the
provisions Of the general laws OF TINS
corporations, particularly Act 267 of 1914.
they have covenanted and agreed and by
these presents covenant, agree and Dind
them selves ms well as all such persons as
NAV hereafter become associated WITH
| them. to form and constitute corpora
| tion and body polite In law, ior tne OBJ
| iects and purposes and under the stipula-
| lions and agreements following: to-wit:
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. Its domicile shall be In the
City Of New Orleans, Louisiana, ana all
Il
| 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 be car
| ried on by Ii are declared to be, TO carry
on general merchandise, commercial
| brokerage and commission business. To
i import and export buy and SELL at whole
| sale and retail. or otherwise acquire and
j dispose Of aud generally to trade and
deal in goods, wares, products, eemmoai s
description, as principal, factor or agent I;
| to act as buying and selling agents TOR
merchants and manufacturers In the
United States and all foreign countries I;
agents; to establish and conduct ware,
houses. and to do all kinds Of commercial
1 brokerage and commission business. Ana
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
be exclusive, 1t being intended to do any
accomplish the purposes OF said corpora
1 ton.
ARTICLE III.-The capital stock Of
this corporation Is hereby fxed at seventy
divided into seven hundred and fifty
/ shares, of one hundred dollars f$100.00)
each: which said stock shall he 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.
poration. as may be decided by the Board
Of Directors and upon terms to be hxed by
said Board Of Directors. All transfers OF
i stock shall be 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
- "a. tsgr ahaI h
permitted to sell or otherwise dispose OF
his stock without first Offering the same
! in writing to the pther stockholders
through the Board Of Directors, at price
not exceeding the book value thereof; and
said stockholders, in proportion to theil
holdings, shall have an option and first
| right to purchase all Of the shares OF stocl
to be thus disposed Of by sale or other
have a period Of ten days in which to ac
cept or decline said offer. should tn
stockholders decline to purchase salt
: stock. then such stakeholder IL ut libert!
do so in any manper and at any price h
may deem fit. Each share Of stock IL Is
sued herein upon the condition and I'M
/ derstanding that no stockholder shall sci
or otherwise transfer his stock In viola
: tion hereof. and any such sale or transfe
IL made shall be void. and this corporation
: shall be under no obligation to list sat
a stock on its books or to regard the holde
u | OF tne ceItiucdtt tncfcOi. ESdcH sharc
e stock shall entitle the owner thereof
e either In person or by proxy, to cast on
: vote at all general meetings The capits
4 stock Of this corporation may be increase
a to any amount not exceeding two hundre
y and fifty thousand dollars.
y ARTICLE Iv.-An the corporate pow
h ers Of said corporation shall be vested l
and exercised by q Board Of Directors
y composed Of not less than three nor NOR
: THAN seven stockholders, to be elected .
an annual meeting Of the stockholders {
Il be held on the hrst Tuesday Of Januar
ar ench YEAR, II the date 6xed for sai