The herald., 1920-01-29
CHARTER.
oF LEON ISRAEL . BROS.
CaAHIeh VlEEXasl. INC.

Of pe rd one thousand nine hundred and
our uen before me, William J.. Guste,
Notary Public, d tn2 the eo aboVe parish and
.h.rein residing, and In the presence
Snte, illnesses hereinafter named and
Of u,cned. personally came and appeared
upo..overal parties whose names are here
ne pc. subscribed, who severaiiy declared
unto svsiIing themselves Of the laws of
hsL 49, ~ Louisiana, in such cases made
the s-nvided. and more particularly Of Act
aBo ,he General Assembly Of the State
Mnn,siana of 1914, relating to the crea-
Of Norganization and formation Of cor
nsu.stions, they have coyenanted and agreed
pofaus.t these presents do hereby covenant,
$50 " Ind bind themselves, as well as all
ssI nersons as may hereafter become
otneII,.ted with them, to form a corpora
T,r the objects and purposes under
noh .,ticles and stipulations following,
nth they hereby adopt as their charter,
r,pTIcIE 1.-The name and title Of this
ne,stion shall be Leon Israel & Bros.
e%glyrssl. Inc, and under its corporate
- II shall have power and authority to
I've and enjoy corporate existence for a
ns,,od Of ninety nine years from date
pefioSs nuless sooner dissolved by liQui-
ne eI.sn ar otherwise. II snail have power
da.nntract: to sue and be sued to make
20 ne a corporate seal, and to alter and
sssst the same at pleasure; to hold. re-
Ss7e lease purchase, n transfer assign.
- dispose Of, property, real, personal or
49, corporal and incorporeal: to issue
s..Ss and, IL desired, to secure same by
."nrteaee; 10 hold stock in other COM
sn,ss. TO name, elect and appoint such
manager. agents. directors, and o1icers as
- i,terest and convenience Of said corpor-
.,son nav require; to make and establish.
80, and amend, bylaws, rules and regu-
Adams for its proper government, as may
Ne deemed necessary and proper for the
s,,snsion of the business in which the cor
nsrstion In engaged.
,.rstion shall be in the City of New Or
80 state of Louisiana, and service of
n,ocrss shall be made upon the President,
y, IN his absence, upon the Secretary.
lRTICLE II.-The objects and purposes
a, which this corporation Is organized and
crssted and the nature Of the business to
no carried on by 1t are declared to be as
so,,sve: To engage In a brokerage and
commission business; to buy and sell. at
wsoIesale and retail, or otherwise acquire
s.d dispose of, import and export, and
sssres. products, commodities and mer-
,hasdise Of every kind and description as
principal and, or agent and, or broker.
Ia act as agent and broker on commission
ar otherwise in buying and selling or
Otherwise acquiring and disposing of, i'm
iue In said goods, wares, products, COM
meditiee and merchandise; and generally
10 70 and perform all things pertinent and
necessary to carry out and execute the OBJ
jeets and purposes herein above enume-
rated.
Article Iv.-The capital stock Of this
cooperation is hereby flxed atthe sum OF
tventy thousand $50, 0O00f0) dollars, and
AN be divided into and represented by
tvo hundred (20O) shares of common
stsek, Of the par value of one hundred
ISl0oOe) dollars each. Said stock shall
se psid for In cash; or by property or
lion. or other equivalent of cash as pro-
yided By law, and In such manner and
Al soch times and in such installments as
nav be prescribed by the Board OF d.
rectsrs This corporation shall become q
going concern and shall be authorized 20
commence business as soon as nfty per
cest Of It's capital stock shall have been
ubscYibed and fifty per cent OF all stock
sobscribed for shall In fact have been paid
Zoe either In cash or its equivalent. ,
ARTICLE v.--The capital stock Of this
Of afty thousand s50000.00) dollars by
vste Of two-thirds of all the stock pres
emf or represented at a special meeting
caIisd for that purpose or at regular
annual meeting Of the corporation.
ARTICLE vI.-All certificates Of stock
issued by this corporation shall be signed
By the President and countersigned by
resolution Of the Board of Directors, shall
be signed by the President and counter
signed BY the Secretary and Treasurer
Tie stock Of this corporation can bs
trsnnerred only on the books Of the cor
perstion and subject to such regulations
and formalities as may be by the Board
Of Directors from time to time prescribed
No stockholder shall be permitted to sell
: or otherwise dispose Of his stock without
frk 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
ten days in which to accept or decline
said offer. Should the stockholders de-
cine TO purchase said stock, then such
steckheider Is at liberty to sell or dispose
u TIE stock, and may do SO In any man
n1 and at any price he may deem Mt
esch share Of stock is issued herein upon
the condition and understanding that no
stsckholder shall sell or otherwise trans
fR his stock in violation hereof, and any
such sale or transfer II made shall be
veid, and this corporation shall be under
no obligation To list said stock on its books
thertof
ARTICLE vII-The corporate powers
this corporation shall be vested In and
ex0eised by a Board Of five Directors
three Of whom shall constitute quorum
Tor the transaction Of business. The Di-
rcfers Of this corporation may vote In
person or BY written or telegraphic proxy
any Of the meetings of the Board OF
Directors: and the Board Of Directors may
aeegate any Of its powers to any officer
cnicers or any other representative OF
ne corporation by appropriate resolution
nat eject. The first Board Of Direc.
4, q t this corporation shall be composed
aenine Israel, Vice President; Karl M
Nmann. Secretary Treasurer; Leon
i1ae, Frank J. McKenna, and they shall
: I'VE until the second Wednesday Of jan
Ssfy. ls2l. or until their successors are
erected and qualified. The Directors shall
me second Wednesday Of January In each
yar after date hereof. Notice of said
~ shall be given ten days prior tt
gate OF said meeting. in writing. SEM
rgNered mall to each stakeholder al
mst known place of residence. The
Beard Of Directors may change the dat
1g annual meeting to any other date
written notice to that effect, sent al
49,, nteen days prior to the date Il
said annual meeting shall be chang.
.ss.sneo py registered mall to each
sxneider at his last known place Of
aoenee. Each stockhoider shall, at such
ssAeaI meeting or other meeting, general
pecaai, be entitled in person or By
~ sa or Geographic proxy to one vote
~ oen share Of stock owned By him
NJ election shall be held under such
- ana regulations as may be from
.s'seters. The Directors when elected
~. nold Office for one year or until
~ successors shall have been elected
~, gosnned, and failure to hold the an
netting Of stockholders or to elect
fcrfe;snys directors shall not operate thu