The herald., 1920-07-15
CHARTERS.

| and break the same at pleasure. To hold.
| receive. lease, purchase. transfer. assign.
mortgage. hypOthecate, pledge or other
| wise dispose of property. real. personal
| or mixed. CorpOrcal and lu"orp"real. L"
/ issue bonds. aud If desired. 10 Sr"ur" sam"
| by mortgage. to hold stock IL other com
! panirS. To name aud elect officers aud di-
rectOT>; To make and establish. alter aud
| amend. bylaws. rules aud regulations for
4 its proper government. ~ may b" deemed
| necessary and proper for the extension of
th" business in which the corporation l.
! engaged.
ARTICLE IL Tn" domiciIe OF this cor
! pOrttiuu shall be in tn" city OF New or
! leans State of Louisiana: aud N"rNi'" of
/ process shall h" made upon tn" Prr~I-
! drnr. or. in his absence. upon ia" Vie"
! President.
| ARTICLE III..The objects aud pur-
! poses for which this corporation il organ.
! lied and created and the nature of tn"
! business to he carried on 10y il ar" de
! CIarrd to be-. :S follows. TO engage gcurr-
ally in the horse mule and cattle business
! to engage in th" business OF buying. sell
/ ing. trading and generally dealing in
| horses. mules. cattle. and all other ami.
mails of any nature, kind or variety what
>ucVrr. a. principal agent and factor, aud
as aUrtlourcr. on commission or other
| wise. to import and export horses. mules
cattle and animals of every Kind and va
! rirty for its own account and for account
Of others. ON commission or otherwise. to
act agents and brokers for ia" selling
on commission or Otherwise. of horses.
mules. cattle and all other animals. 10
board. feed. lodge. stable. hir, ana take
care of horses, mules. cattle and all other
animals for itself and for account of
| others. To- water aud feed same for account
Ot others Will" in transit. to buy or other
wise acquire aud sell or otherwise dis
pos" of. Tor it, own account and for az.
count OF others, all kinds of harness. sad
dies. carriages. wagons. vehicles and the
like. To buy or Othrrwi>" acquire, sell or
otherwise dispose Of. hold. own. lease and
rent. real estate, improved and unim-
proved. and generally TO do and perform
all things pertinent and incident and which
may be- proper and necessary to carry out
aud effect the objects and PURPOSES here.
inbrfure enumerated.
! ARTICLE IE.-The capital stock of This
corporation il hereby fixed AT the sum of
ten thousand 10000 Oul dollars and shall
hundred (loOj shares of common stock of
the par value of one hundred (SlOOOOI dol
lars each. Said stock shall b" paid for
in cash. OF by property, or services ac-
tuallN rendered 10 the corporation. or
other equivalent of cash aS provided by
law. and in such manner and ut such
times and in such installmcntS as may b.
. prescribed by the Board of Directors.
This corporation shall become going
concern and shall be authorized to com
meme" business as soon As fifty per cent
tJO'cD of its capital stock shall have been
subscribed and fifty per cent tJOC,D OF
all stock subscribed for shall in fact have
been paid for either III cash or its equiv
alent.
ARTICLE V.-Thc capital stock of this
corporation may be increased to the sum
of fifty thousand ($JO.OOOOOD dollars by
vote of twO-thirdS of all the stock present
or represented at a special meeting called
for that purpose or AT regular annual
meeting Of the corporation.
, ARTICLE NI.-An certificates of stock
: issued by this corporation shall be signed
by the President and cOunterSigned by the
Vice President, or if authorized by rc>olu-
ton of the Board of Directors. shall be
signed by the President and cOuntersigned
: flF flr..a 4
stock of this corporation can be trans
ferred only on the books of the corpora
? ton and subject To such regulations and
fOrmalities as may be by the Board of Iii
reCtOrS from time to time prescribed. No
, stakeholder shall be permitted to sell or
otherwise dispose of his stock wIrn,
. first Offering the same, in writing. to the
, other stockholders. through the Board OF
Directors. at a price not exceeding the
4 book value thereof; and said stockholders
, in proportion to their holdings. shall have
, an option and first right to purchase all
p the shares of stock to be thus disposed OF
by sale or otherwise of any of the stock
r holders, aud shall have period of ten
days III which to accept or decline said
offer. Should the stockholders decline Il
purchase said stock, then such stakeholder
! is at liberty to sell or dispose of the stock
: and may do 50 in any manner and at any
, price he may deem fit. Each share OF
stock is issued herein upon the condition
and understanding that no stakeholder
, shall sell .or otherwise transfer his stock
in violation hereof, and any such sale oil
transfer. if made, shall be void. and thi,
corporation shall be under no obligation
to list said stock on its books or to re-
gard the holder of the certificate thereof
: ARTICLE VII.-The corporate power,
T "f this corporation shall be vested in anC
exercised by a Board of three Directors
: two of whom shall constitute quorum
for the transaction of business The hi
rectOrS of the corporation may vote in per
: son or by written or Geographic proxy a
any of the meetings of the Board of hi
| no rH of
? delegate any of its powers to any officer
or officer or any other representative o
the corporation by appropriate resolution
; to that effect. The first Board of Direr
T tors of this corporation shall be composed
\ of the following: Jacob +. CHASER, Mrs
Anna CHASER, Miss Lillian CHASER. with
o. the following Officers: Jacob +. CHASER
' President; Mrs. Anna CHASER. Vice Presi
r dent; Miss Lillian CHASER, Secretary
y Treasurer; and they shall serve until tn,
e first Wednesday in July, 1921 unit
z their successors are elected and qualified
: The Directors shall be elected annually
2 meeting held on the first Wednesday o.
4 July in each year after date hereof. No
il tice of said meeting shall be given tel
n days prior to the date of said meeting. il
h writing, sent by registered mail to eacl
+ stakeholder at his last known place o
4 residence. The Board of Directors ma,
y change the date of said annual meeting e
n any other date, by written notice to tina
r effect, sent at least fifteen days prior t,
o the date to which said annual meetin.
= shall be changed. directed by registere,
q mail to each stakeholder at his last known
place of residence. Each stakeholder shall
h at such annual meeting or other meeting
: | general or special, be entitled in person
d or by written or telegraphic proxy to on
g vote for each share of stock owned b,
= him. The election shall be held under sucl
: rules and regulations as may be from tim
to time determined by the Board of Direc
. tors. The Directors, when elected, shall
!, hold office for one year, or until their sue
u cessOrs shall have been elected and quail
> fled, and failure to hold the annual meet
! ing of stockholders or to elect annual
3 Directors, shall not operate the forfeitur
= OF this charter or any rights Hereunder
a Any vacancy Occurring in the Board o
u Directors may be filled by the Director
n for the uneXpired term.
: ARTICLE VIII.-This charter and &C
h of Incorporation may be changed. mOdi
fled, altered amended by and with tn
n consent of three fOurthS of all the stOc
10 present or represented at meeting, ger
is eral or special. held for that purpose: an
10 such amendments may be material or i'm
l. may be by law provided; and this cOrpOr
alton shall have the right and power t
& increase or decrease its capital stock q
hereinbefore set out. and any increase q
is the capital stock in excess of the amour
named herein as the amount to which tn
capital stock may be increased may
made by three-fourths vote of all Out
e. standing stock.
he ARTICLE IX.-Notice Of any and a
quired by law, shall be given in the mar
ner provided for giving notices in case
election, unless the same shall have bee
T. waived. The stockholders and director
OF may waive notices.
~ ARTICLE Kin case of the dissolution