The herald., 1920-01-15
.rrR OF LEON ISRAEL g. BROS.
THAbh INC.


NoIs.ssd in and for the above parish and
qsan,b erein residing, and in the presence
Smns witnesses hereinafter named and
nsigned. personally came and appeared
possyeral parties whose names are here
the Nsnhscribed who seyerally declared
Unto Selling themselves of the laws of
nsls,ste of Louisiana, in such cases made
be Srovided and more particularly of Act
a1e the General Assembly of the State
p'Inuisiana of 1914, relating to the crea-
On organization and formation OF cor
us,ions they have coyenanted and agreed
Poia ~ these presents do hereby covenant
aho " and hind themselves, as well as all
SsI nersons as may hereafter become
otenneciafed with them, to form corpora
ian for the objects and purposes under
non orticles and stipulatiOns following
nv Itch they hereby adopt as their charter,
~,pTICIE 1.-The name and title Of this
aaration shall be Leon Israel Il Bros
tTsrssl. Inc and under its corporate
ne n shall have power and authority to
na,n a and enjoy corporate existence for a
ha,;od of ninety nine years from date
pnnf unless sooner dissolved by liQui-
set,on or otherwise. 1t snail have power
m .ontract; to sue and be sued to make
and use q corporate seal, and to alter and
s.ssk the same at pleasure; to hold, re-
I've lease, purchase, transfer. assign,
.narteage, hypOthecate, pledge or other
,s;ss dispose Of property, real, personal or
s.iyad corporal and incorporeal; to issue
LAS and IL desired, to secure same by
,"ortgage: to hold stock in other COM
asnies: to name, elect and appoint such
Pan.0er agents. directors, and officers as
,hs interest and convenience of said corpor-
tim may require; to make and establish.
sner and amend, bylaws, rules and regu-
Istisus for it's proper government, as may
IA deemed necessary and proper for the
sytsnsion of the business in which the cor
poration is engaged.
PapTICLE 1.-THE domicile of this cor
,,,ation shall be in the City of New Or
Issrs- state Of Louisiana, and service of
nrn,ess shall be made upon the President,
a, In his absence, upon the Secretary.
iRTICLE III.-The objects and purposes
foy which this corporation Is organized and
rreated and the nature of the business to
he carried on by IL are declared to be as
saIlevs; To engage in a brokerage and
sonmission business; to buy and sell at
wsoissale and retail, or otherwise acquire
md dispose of, import and export, and
geserally to trade and deal in goods,
sares. products, commodities and mer-
chardise Of every kind and description as
nrincfpal and, or agent and, or broker.
r. act as agent and broker on commission
a, stherwise in buying and selling or
otherwise acquiring and disposing of, I'm
nerting and exporting, dealing and trad
ing in said goods, wares, products, COM
modities and merchandise; and generally
10 70 and perform all things pertinent and
necessary to carry out and execute the OBJ
iscts and purposes herein above enume-
rated.
ARTICLE Iy.-The capital stock of this
generation Is hereby f1xed at the sum of
twenty thousand $50, 100000 dollars, and
shsll be divided into and represented by
I've hundred (200) shares OF common
stock, Of the par value of one hundred
slOe00) dollars each. Said stock shall
ie paid for in cash. or by property or
sefyices actually rendered to the corpora
tioa, or other equivalent of cash as pro-
yided BY law, and in such manner and
al sueh times and In such installments as
nay be prescribed by the Board of Di-
rctors. This corporation shall become a
going concern and shall be authorized to
commence business as soon as fifty per
ceat Of its capital stock shall have been
subscribed and fifty per cent OF all stock
subscribed for shall In fact have been paid
for either in cash or Its equivalent. >.
ARTICLE V.--The capital stock of this
corporation may be increased to the sum
Of fifty thousand (s5O,OOO.OO) dollars by
a vote Of two-thirds of all the stock pres
ert or represented at special meeting
called for that purpose or at a regular
annual meeting Of the corporation.
ARTICLE VI-An certificates of stock
issued by this corporation shall be signed
by the President and countersigned by
the Vice President. or IL authorized by
resolution Of the Board of Directors, shall
ne UEnc0 DIV the fTeslutut NOuuttI-
signed by the Secretary and Treasurer.
Tie stock Of this corporation can be
transferred only on the books Of the cor
psration and subject to- such regulations
and formalities as may be by the Board
II Directors from time to time prescribed.
No stakeholder shall be permitted to sell
otherwise dispose of his stock without
first Offering the same in writing to the
other stockholders through the Board of
Directors at a 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
the shares of stock to be thus disposed
Of BY sails or otherwise of any of the
stockholders, and shall have a period OF
ten days in which to accept or decline
cline to purchase said stock. then such
Nsckholder Is at liberty to sell or dispose
Of the stock, and may do SO In any man
nes and at any price he may deem mt.
each share Of stock is issued herein upon
the condition and understanding that no
stakeholder shall sell or otherwise trans
fer his stock in violation hereof, and any
ssch sale or transfer IL made shall be
vod, and this corporation shall be under
ne obligation to list said stock on its books
thereof.
ARTICLE vII-The corporate powers
Of this corporation shall be vested in and
exercised by a Board of five Directors,
hree Of whom snail constitute a quorum
Ter the transaction of business. The Di-
refers Of this corporation may vote In
penen or by written or telegraphic proxy
any Of the meetings Of the Board of
directors: and the Board Of Directors may
eeseeate any Of its powers to any officer
onicers or any other representative of
me corporation by appropriate resolution
70 mat eject. The first Board of Direc-
tcr. Of this corporation shall be composed
me Following: Sam Israel, President /;
nnsane Israel, Vice President; Karl NJ.
sutmann, Secretary Treasurer: Leon
Maea. Frank j. Mckenna, and they shall
se until the second Wednesday Of jan
usry, 1927, or until their successors are
s,eeIed and qualified. The Directors shall
oe aected annually at a meeting held on
ae second Wednesday Of January in each
y1i after date hereof. Notice of said
ne date Of said meeting, in writing, sent
rgistered mail to each stakeholder at
IN nst known place Of residence. The
OF directors may change the date
\, "a annual meeting to any other date,
written notice to that effect, sent at
east fifteen days prior to the date to
~ es SAID annual meeting shall be chang
~ directed by registered mail to each
ssnoioer at his last known place of
.ssu snee. Each stakeholder shall, at such
a, u meeung or other meeting, general
special, be entitled in person or by
-. eh or Geographic proxy to one vote
IN. escn snare Of stock owned by him.
MI. election shall be held under such
inv and regulations as may be from
ni, s 20 time determined by the Board of
shsn n, The Directors when elected
,Ss,, mold Office for one year or until
ana ,, successors shall have been elected
pns, 9usnned, and failure to hold the an
as... meeting Of stockholders or to elect
forss,,y directors shall not operate the
thsssnse OF this charter or any rights
Bos,S Any vacancy occurring In the
ni.asx OF D1rect0rs NAV be filled by the