The herald. [volume] (New Orleans, La.) 1905-1953, 1920-11-04
Total appraisement. ............Ss
Net valuation on the basis Of 2Og

| Net valuation on the basis Of 70.
| discount OBSERVATION-DISCLOSURES. = ,vvV.Ou
Each of the other subscribers to fully
paid stock Of this corporation, have placed
a statement OF the number of shares lie
has subscribed TO and paid for in full at
these presents.
ARTICLE Y-The capital stock of this
corporation may be increased to the sum
Of nifty thousand dollars. All corporate
powers of this corporation shall be cAer-
Ciscd by a Board of Directors consisting
of not less than three nor more than Six
stockholders, Three of whom present or
represented by proxy shall constitute q
quorum To transact the business OF this
corporation. The Board OF Directors shall
elecU annually from their number, "A preSi-
dent and a Secretary Treasurer, said cleo
ton shall be held on the last Monday Of
the month of September in each year. and
no stakeholder shall be eligible "A dir"c-
tor unless he owns in his own name, full
paid ana unplCdgcd. one share of the capt.
tai stock of this corporation, and each
share of stock shall be entitled to vote
which vote may be east by the stakeholder
or by his proxy.
ARTICLE NI.-The charter of this cor
pOration may be amended at a meeting of
the stockholders called for that purpose,
by vote of two thirds of all its stock,
but change of objects and purposes as
herein nNed, shall not be made without
vote of all the stock heretofore issued.
nor shall any increase in capital stock in
excess of the amount named in this chart
/. De maze without three 1OuflnS vote or
all its outstanding stock. The Board OF
Directors may call a meeting Of the stock
holders when deemed necessary, but eN
ccpt as TO adjourned meetings of the stock
holders, notice of all meetings shall be
delivered or addressed to each stakeholder
fifteen days before holding such meeting,
and u list of stockholders entitled TO vote
shall be Opened to inspection by the stock
holders two days before any meeting. The
stockholders shall have the right of cumu-
lative voting at all election of officers or
directors.
ARTICLE Vino stakeholder Of this
corporation shall ever be held liable or
responsible for the contracts or faults
of this corporation nor shall any mere
informality in organization have the effect
of rendering this charter null or exposing
any subscriber to this charter or any other
stakeholder to any liability beyond that
which the law imposes under Act 261 of
1914, under which Act this corporation is
organized, and the subscribers hereto for
themselves and for this corporation and
directors, officers and stockholders. here
by accept and make part of this charter,
all rights, powers, privileges and immuni-
ties granted to corporations and their Off
GERS by the said law. as though the same
were set out at large herein. ThSliquida-
ton Of dissolution of this corporation, if
any, shall be governed by the provisions OF
said Act 267 of 1914.
ARTICLE VIII.-The subscribers here
to have respectively written opposite their
names the amount of the capital stock sub
scribed by them In this corporation. and
for which they have severally paid for in
ready and current money, so that this act
of Incorporation serves as the original
subscription list of this corporation, and
they have set forth their post office ad-
dress
ARTICLE IX.-Until the election to
be held as hereinafter provided, the follow
ing shall constitute the first Board of
Directors, who shall hold office until their
qualified namely: Leon Besserat, 2oS
Bourbon Street. New Orleans; Jules lie
Bon. 1909 Gov. Nichols ST., New Orleans
Ulysses Laurent, 2704 Gen. Pershing St,
ing St., New Orleans; Joseph Settler, 2l15
Banks street, New Orleans; Mrs. Adeline
Sans Besserat, 203 Bourbon ST., with Leon
Besserat, as President and jules lie Bon as
Secretary Treasurer.
Thus done and passed, at the City OF
New Orleans, on the day, month and year
herein first above written, In the presence
of Messrs. VIM. X. Ker and X. V. Richard,
competent witnesses, who have hereunto
signed their names with the said appear
ers and me, notary, after due reading OF
SIDNEY +. GAUTIER,
Notary Public.
Witnesses: VIM. r. Ker, K. V. Richard.
(Signed): Leon Besserat Subscribes TO
(l4O) shares: j. K. lie Bon, subscribes to
81 shares; Ulysses Lowe, subscribes to o.
share; Alice Lowe, subscribes to Cd share;
j. l.. Settler, subscribes to ID share;
Aseline Sans Besserat, subscribes to ~
share.
l, the undersigned Recorder of Mortgages
in and for the parish of orleans, State OF
Louisiana. do hereby certify that the above
and foregoing Act of Incorporation, of the
Besserat Robes Incorporated, was this day
duly recorded In my office, in Book 1246.
Folio
New Orleans, September %, 1920.
EMILE j. LEONARD, by. X.
A true copy.
SIDNEY +. GAUTIER,
lSeaN Notary Public. |