The herald., 1920-02-12
ACT OF INCORPORATION OF WILL
LIAM ID. SEYMOUR CO., INC.

state of Louisiana, Parish of Orleans.
City of New Orleans. Be IL known, Ihat
on this thirty-first day of the month OF
December, in the year of our LORD nine
teen hundred and nineteen and OF the IN
Jenendence of the United States of Amer
lea the one hundred and forty-fourth, be-
fore me. ]. Henry Forcelle, Jr, Notary
Public. in and for the Parish OF Orleans
missioned. sworn and qualified and In the
presence Of the witnesses hereinafter
named and undersigned, personally cam.
and appeared. the several persons whose
names are hereto subscribed. who severally
declared that. availing themselves OF the
provisions of the general laws OF TINS
| State. providing for the ORGANIZATION ot
corporations. particularly Act 2oI OF 1918.
they have covenanted, and agreed ana by
these presents covenant. agree ana bind
themselves as well as all such persons as
may hereafter become associated wlth
them, to form and constitute corpora
ton and body polite I'm law. for the OBJ
iects and purposes and under the stipula-
| lions and agreements following: to-wit;
| ARTICLE 1.-The name and title OF this
corporation shall be william ann ~ S Seymour snd
enjoy succession by it's corporate name
| for a period of ninety nine t9s) years
] from date hereof. unless sooner dissolved,
with all the rights and powers now OF
hereafter conferred by law upon similar
corporations. Its domicile shall be In the
City of New Orleans, Louisiana, ana an
citations and other legal process snail ne
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.
ARTICLE 1.-THE objects and purposes
| for which this corporation is organized
and the nature of the business to be 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,
A Ill DtN.n sxu~fEA
\ dispose of. and generally to trade and
F, deal In goods. wares. products. common,
\ ties aud merchandise OF every KIND ana
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:
ITO act as forwarding. export and financial
| agents. to establish and conduct ware,
houses, and to do all kinds of comsiereiai
brokerage and commission business AND
| generally to do and perform such acts aud
/ 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, Il being intended to do any
act or thing necessary to carry out ahd
accomplish the purposes OF said corpora
| ton.
| ARTICLE III.-The capital stock of
| this corporation Is hereby liked Mt seventy
/ FIVE thousand dollars (xIJO0U.W). to be
\ divided into seven hundred and NIFTY
/ SHARES, OF one nunureu uOfidrs 'S1VOvp1
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 he 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
unless and until il is made In pursuance
to the provisions of this charter. No
stakeholder of this corporation shall he
permitted to sell or 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 apd first
| right to purchase all of the shares OF stock
| to he thus disposed of by sale or other
wise Of any of the stockholders, and shall
have period Of ten days in which to &C
stockholders decline to purchase said
stock. then such stockholder is at liberty
to sell or dispose Of the stock. and may
DO so IN any manner ns and at any price he
sued herein upon the. condition and un-
derstanding that no stakeholder shall sell
or otherwise transfer his stock in viola
ton hereof. and any such sale or transfer
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 I'm person or by proxy, to cast one
vote at all general meetings. ThOcapital
stock of this corporation may be increased
to any amount not exceeding two hundred
and fifty thousand dollars.
1 ARTICLE IE.-An 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; II the date fixed for said
election fails on legal holiday, then said
election shall be on the first. day there
after not legal holiday. All such elec-
| lions shah be by ballot. OF such cleo
| lions at least fifteen days previous mo-
tice shall be given to each stockholder,
either personally or BY depositing the
same in the postoRice. properly addressed
A majority Of the votes cast shall elect,
and each share Of stock shall be entitled
| to one vote, to be cast BY the owner in
person OF By proxy. The Directors thus
1 e1octed shan serve and continue IN office
for 0n4 ye4x o. NTH fAelI eucceleQkl nhnQ