The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-06
Apr. / MAY q.
CHARTER OF GARCIA-DAyIS-SCH
ERMANN, INC.

United States of America. State of Lou
isana, Parish of Orleans. City of New Or
leans. BE il known. That on this 18th day
of the month of February, in the year one
thousand nine hundred and twenty, before
me, Henry j. Dart Jr, a Notary Public,
duly commissioned and sworn in and for
the Parish of Orleans and City of New Or
leans, therein residing, personally came
and appeared the persons whose names are
hereuntO subscribed, who declared that,
ayailing themselves of the provisions of
the laws of the State relative to the or
ganization of corporations, they have cove
nanted and agreed. and do by these
presents covenant and agree, bind, form
and constitute themselves, as well as such
other persons who may hereafter join or
become associated with them, into cor
pOratiOn and body polite in law for the
objects and purposes and under the agree
ments and stipulatiOns following. tO-wit:
ARTICLE 1.-The name and title Of this
corporation shall be Garcia, Davis. Schu-
ermann, Inc" and under its corporate
name it shall have and enjoy existence and
succession for the term of one hundred
years from this date. and all the rights.
advantages and privileges granted by law
to corporations, including power to con-
tract, sue and be sued in its corporate
name: to make and use a corporate seal
and the same to break and alter at pleas
ure: to hold. receive, purchase, convey,
mortgage: hypothecate and pledge prop
erty. real and personal; to issue bonds,
notes and other obligations; to have and
employ managers, directors, officers,
| agents and other employees as the in
| terests and cOnvenienceS Of the corpora
| ton may require: and to make and estab
| liSh such committees. and to create such
| by laws. rules and regulations for the cor
| pOrate management and for control of the
| affairs of the said corporation as may be
| deemed necessary and eXpedient.
| ARTICLE 1.-THE domicile of the cor
pOration shall be the City of New Orleans,
State of Louisiana. Citation and other
| legal process SHAH be served on the Pres
| absence
| act from any cause whatsoever, upon a
| Vice President the Secretary Treas
urer.
The objects and purposes of this cor
| pOratiOn are to acquire the assets, prop
erty, business and good will. and to as
sumo and pay all Indebtedness of Garcia
& Davis, a partnership composed of Eu-
gene A. Garcia William X. Davis and r.
S. Landry, who are now engaged in the
general lithographing, printing, station
cry and office supplies business, and to
issue for such property so acquired. the
capital stock of this corporation And
the further objects and purposes of this
corporation are to engage, deal and OPP
crate at wholesale and retail, as princi-
pal, agent on commission or otherwise in
stationery, printing and lithOgraphing. and
generally to do all and singular everything
that Is necessary and material for the
. prosecution of said business. To own
operate and conduct buildings. mills and
, machinery, tools and appliances for thu
uses and purposes of the business and tht
same to change, alter, substitute. sell ant
hypothecate at will; and generally to d,
and perform all things needful. necessary
proper or useful for the accomplishment
of the purposes of the corporation. TIT
whole in the State of Louisiana, the States
territories and possessions of the United
States, and in foreign States and terri
, tories, with the right to have offices an'
places of business and representatives Ii
. any or all of the same. A change OF tn
objects and purposes of this corporation
may be made by the vote of all the stock
E holders at a meeting called for that pur
pose.
ARTICLE Iv-The capital stock of thi
} corporation shall be ten thousand $50,
OOO.oO) dollars. divided into four hundre
(4OO) shares of the par value of twenty
five ($2500) dollars each which said stOc
e shall be paid for in cash or property. TIL
e capital stock may be increased to twent
I thousand $50, OOO.OO) dollars, by a vote @
] thirds of all of its stock at meet
4 ing of the stockholders called for tha
r purpose.
y Cd No stock shall be sold or tran:
!: ferred until an opportunity is first al
s fOrded all other stockholders of record
n purchase said shares of stock at boo
e such notice; written notice shall be give
i by the owner to the Board of Director
8 for the use and benefit of such otht
= stockholders; it shall be transmitte
d must be accepted within thirty days fro
d receipt of the Boards notice and paid fl
n i'm cash within ninety days from such n
m tice. The stockholders shall have the rigl
to buy said shares in proportion to the
J. holdings and any shares not taken in PR
!. portion may be taken by the other shar
- holders. Failure of the stockholders
= buy shall by the mere expiration of Il
=. time limit release the stockholders fro
~ the effect of this provision.
O (2) Whenever any stockhOlder who
holdings. together with those of his su
De viving wife or children, If any, shall a
IL gregate twenty per cent or more of d
" capital stock of this corporation, shS
CO die his successors, heirs or legal repr
n. sentatives will have the right to tend
to the whole of the stock of this corporate
I'M owned by said decedent and his surviviI
m wife or children, IL any, to be purchas
"A by the surviving stockholders at the pri
"a set out in the first paragraph hereof.
"A shall be the duty of the Board Of Directo
c" to submit the said offer 10 the stoc
holders. and II within the time hereinabo
e y. prescribed, the offer shall not be accept
os and the stock purchased, then the sa
es successors, heirs or legal Representative
y shall have the right to demand the diss
40 luton and liquidation of the corporate
OK and in default to apply to any court
NJ competent jurisdiction for dissolution
q, this corporation and the liquidation of
or same. any law to the contrary notwit
standing. saving always. however.
40 viOhf IN the aafd c0rpOratfOn in answer