The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-11

STATE of Louisiana. Parish of Orleans.
| City of New Orleans. BE ii known. Ihat
on this thirty-frst day OF the month OF
| December. in the year of our Lord nine
teen hundred and nineteen and of the In
dependence of the United States of Amer
lea the one hundred and fOrty-fOurth, he
fore me J. Henry FOrcclle. JT.. a Notary
Public. in and for the ParisJOf Orleans,
State of Louisiana. aforesaid duly com
miSsiOned, sworn and qualified and IN the
presence of the witnesses hereinafter
named and undersigned, personally came
and appeared. the several persons whose
names are hereto subscribed. who Severally
declared that. availing themselves OF the
! provisions of the general laws of this
| state providing for the organization of
| corporations. particularly Act 26I of 1914.
| they have covenanted and agreed and by
these presents covenant. agree and bind
| themselves as we'll as all such persons as
| may hereafter become associated with
| them, to form and constitute a corpora
| tion aud body polite in law, for the OBJ
| icctS and purposes and under the stipula-
| tionS and agreements following. to-wt:
| ARTICLE 1.-The name and title of this
| corporation shall be william u. Seymour
| Company. Inc" and il shall exist and
enjoy succession by it's corporate name
| for Il period of ninety-nine 99) years
! from date hereof. unless sooner dissolved,
with all the rights and powers now or
hereafter conferred by law upon similar
corporations. It's dOmicile shall be in the
City of New Orleans, Louisiana. and all
citations and other legal process shall be
| served upon the President. and, in the
event of his absence or inability to act.
upon tho 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
ricd on by it are declared to be, to carry
on general merchandise, commercial
brokerage and commission business. To
| import and export. buy and sell at whole
| sale and retail or otherwise acquire and
Il nf
deal In goods. wares, products, commOdi-
ties and merchandise of every kind and
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:
to act as forwarding, export and financial
| agents; to establish and conduct ware
houses. and to do all kinds of commercial
brokerage and commission business. And
generally to do and perform snch acts and
deeds and transact such business as may
he incidental or germane to any OF the
! objects and purposes herein set forth: :
| the foregoing details not being intended to
he exclusive. il being intended to do any
| act or thing necessary to carry out and
| accomplish the purposes of said corpora
| ton.
| ARTICLE TI.-The capital stock of
this corporation is hereby liked at seventy
| five thousand dollars ($I5.00O00). to he
| divided into seven hundred and fifty
| shares of one hundred dollars 'S100O0)
EACH which said stock shall hc 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 be made on the books of the
corporation, and no transfer of stock shall
be in any way binding on the corporation
unless and until it is made in pursuance
to the provisions of this charter. No
stakeholder of this corporation shall be
permitted to sell or otherwise dispose of
| his stock without first Offering rhe 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 of the shares of stock
to he thus disposed OF by sale or other
wise OF any of the stockholders, and shall
have a period of ten days in which to ac-
| cept or decline said offer. Should the
| stockholders decline to purchase said
stock. then such stakeholder is at liberty
| to sell or dispose of the stock, and may
do so in any manner and at any price he
may deem fit. Each share of stock is is
sued herein upon the condition and I'M
Outstanding that no stakeholder shall sell
or otherwise transfer his stock in viola
| tion hereof, and any such sale or transfer
| IL made shall be void. and this corporation
| shall he 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 in person or by proxy, TO cast one
! vote at all general meetings. The capital
| stock Of this corporation may be increased
| to any amount not exceeding two hundred
| and fifty thousand dollars.
ARTICLE IV.-AI 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