The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-22
CHARTER.
OF LEON ISRAEL . BROS.
CHAkh ITEyAS), INC.

ouf Doro' hoSore me. William j. Guste, a
ph. Public duly commissioned and
Nolsssd in and for the above parish and
gate. therein residing, and IN the presence
OF tn,oned. personally came and appeared
uhoeIsraI parties whose names are here
me snbscribed, who seyerally declared
9nao syaiIing themselves OF the laws of
State of Louisiana, In such cases made
pe srovided, and more particularly Of Act
ase ,he General Assembly of the State
@o,,sisna of 1914, relating to the crea-
nroanizatiOn and formation Of cor
uo..,,ons they have coyenanted and agreed
nv these presents do hereby covenant,
ana ', and bind themselves, as well as all
agre nersons rs may hereafter become
annsse,sted with them, to form a corpora
sssos o., the objects and purposes under
iva .,ticles and stipulations following,
w nth they hereby adopt as their charter,
w,uTICLE 1.-The name and title Of this
Aa,ation shall be Leon Israel & Bros.
ev%.prasl Inc and under its corporate
me II shall have power and authority to
hsss and enjoy corporate existence for a
period Of ninety nine d years from ON date
s se.scn ar otherwise. 1t snail have power
osnn,ract: to sue and be sued to make
use corporate seal. and to alter and
sssst the same at pleasure; to hold, re-
eeive, lease: purchase, transfer, assign,
nsa. Sispose Of property, real, personal or
-,,sd corporeal and incorporeal; to issue
Sa.Ss and, II desired, to secure same by
~.rteage: to hold stock In other COM
nsnies: to name, elect and appoint such
snseer agents, directors, and officers as
~ ;,terest and convenience of said-corpor-
.,,op may require; to make and establish
~ and amend, bylaws, rules and regu-
ist,sns for its proper government, as may
hs deemed necessary and proper for the
srtebsion Of the business IN which the cor
norstion Ia engaged.
pVipTIcIE 1.-THE domicile of this cor
.o,stion shall be in the City Of New Or
80. state Of Louisiana, and service Of
nrocess shall be made upon the President,
A. In his absence, upon the Secretary.
1pTICLE III.-The objects and purposes
a, vhich this corporation is organized and
srs.ted and the nature Of the business to
No carried on by II are declared to be as
soSsvs: To engage in a brokerage and
sssmisxion business; to buy and sell at
vAoIesae and retail, or otherwise acquire
"a dispose Of import and export, and
ceaerally to trade and deal in goods.
varea products, commodities and mer-
shssdise of every kind and description as
nripcipal and, or agent and, or broker
Ia act as agent and broker on commission
az otherwise in buying and selling or
atAervise acquiring and disposing of, i'm
uorting and exporting, dealing and trad
Ing IN said goods, wares, products, COM
nSdities and merchandise; and generally
n % 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
eerporation is hereby f1xed at the sum OF
tveaty thousand $50, 000OO) dollars, and
sIsli be divided into and represented by
Two hundred 5000 shares of common
stnek of the par value of one hundred
$4,000 dollars each. Said stock shall
Se paid for in cash. or by property or
seryices actually rendered to the corpora
lion. or other equivalent of cash as pro-
yided By law. and in such manner and
Al sueh times and in such installments as
nav be prescribed by the Board of Di-
rectors. This corporation shall become g.
going concern and shall be authorized TO
commence business as soon as fifty per
erot Of its capital stock shall have been
subscribed and fifty per cent OF all stock
subscribed for shall in fact have been paid
FOR ether in cash or its equivalent. >,
ARTICLE v.--The capital stock Of this
Of city thousand ESQ O00.0O) dollars by
vote Of two-thirds Of all the stock pres
ent or represented at a special meeting
eaIled for that purpose or at a 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
tie Vice President. or IL authorized by
resolution OF the Board of Directors, shall
be agned by the President and counter
signed BY the Secretary and Treasurer.
ne stock Of this corporation can be
tran6erred only on the books OF the cor
psration and subject to such regulations
and formalities as may be by the Board
q Directors from time to time prescribed.
No stakeholder shall be permitted to sell
% Otherwise dispose of his stock without
fra Offering the same in writing to the
sthz stockholders through. the Board of
Directors at a price not exceeding the
bsek value thereof; and said stockholders,
In proportion to their holdings, shall have
an option and first right to purchase all
Of By sails or otherwise of any Of the
stockholders. and shall have period of
tn days In which to accept or decline
said offer. Should the stockholders de-
cnne to purchase said stock, then such
Ssckheider Is at liberty to sell or dispose
Il tie stock, and may do so in any man
nR and at any price he may deem mt.
aeh share of stock Is issued herein upon
TIE condition and understanding that no
asckheider shall sell or otherwise trans
ff HIS stock in violation hereof, and any
sch sale or transfer IL made shall be
vad, and this corporation shall be under
~ obligation TO list said stock on its books
o. 10 regard the holder of the certificate
tA9eof.
ARTICLE vI.-The corporate powers
o. this corporation shall be vested in and
execised by a Board of five Directors,
iaree Of whom shall constitute a quorum
ier the. transaction Of business. The Di-
Ncters OF this corporation may vote In
pssm or By written or telegraphic proxy
any Of the meetings Of the Board of
oeegate any Of its powers to any officer
snieers or any other representative of
ne eerporation by appropriate resolution
vat effect The first Board Of Direc-
- OF this corporation shall be composed
ne following: Sam Israel. President ;
Mnsnn, Secretary Treasurer; Leon
aea Frank ]. McKenna, and they shall
I've until the second Wednesday of jan
w, ls2l, or until their successors are
100 and qualified. The Directors shall
- eected annually at meeting held on
second Wednesday Of January in each
~ after date hereof Notice of said
nung shall be given ten days prior to
aste OF said meeting. in writing, sent
rglstered mail to each stakeholder at
nN known place of residence. The
Dsn Of Directors may change the date
Va annual meeting to any other date,
written notice to that effect, sent at
~. nneen days prior to the date to
- saio annual meeting shall be chang
grected by registered mail to each
.hsider at his last known place of
sssss, ce. zach stockholder shall, at such
ss meeting or other meeting, general
..ecial, be entitled in person or by
n. sa or telegraphic proxy to one vote
~. oca share Of stock owned by him.
MI election shall be held under such
ti.s ana regulations as may be from
IA. Time determined by the Board of
sn.S The Directors when elected
nSs noId Office for one year or until
ssS oScessors shall have been elected
m, susnned, and failure to hold the an
sss.. mmee1ng Of. stockholders or to elect
fsrfSfrs. directors shall not operate the