The herald., 1920-07-22
CHARTERS.

INTSF, 0UTVUdNF,
mortgage, hypOthecate, pledge Or other
wise dispose of property, real personal
or mixed, corporal and lncOrpOreal, to
issue bonds, and, if desired. TO secure same
by mortgage, to hold stock in other com
panieS: to name and elect officers and dl-
rectOrS; 10 make and establish, alter and
amend. bylaws. rules and regulations for
its proper government. as may be deemed
necessary and proper for tn" extension Of
the business i'll which the corporation l.
engaged.
ARTICLE 1.-THE domicile of this cor
pOration shall he in the city Of New or
leans. State of Louisiana; and service of
process shall bee made upon the Pr"Sl-
dent. or. in his absence, upon the Vice
President.
ARTICLE uI.-The objects and pur-
poses for which this corporation is organ
lied and created and the nature Of the
business to be carried on by il are de-
clarcd to be- rs follows: To engage gcucr-
ally in the horse, mule and cattle business,
to engage in IN" 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.
soeycr. as principal. agent and factor. and
as auctiOnccr, on commission or other
wise, to import and export horses. mules
cattle ana animals of every kind and Va
ricty for its own account and for account
Of others. on commission or otherwise, to
act as agents and brokers for the selling
on commission or otherwise. of horses.
mules. cattle and all other animals, To
care Of horses mules. cattle and all other
animals for itself and for account OF
others, to water and feed same tor account
of others while in transit. To buy or other
wise acquire and sell or otherwise dis
pose of. for its own account and for 1r-
count of others, all kinds of harness. sad
dies. carriages, wagons, vehicles and the
like, 10 buy or otherwise acquire, sell or
otherwise dispose of, hold, own. lease and
rent, real estate. improved and unim-
proved; and generally to DO aud perform
all things pertinent and incident and which
may be- proper and necessary to carry out
and effect the objects and purposes here
inbcfOre enumerated.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed AT the sum of
ten thousand (SlOOOO.OO) dollars and shall
be divided into and represented by one
hundred 900 shares of common stock, of
the par value of one hundred (Sl0OUOD dol
lars each. Said stock shall b" paid for
in cash, or by property, or services ac-
tually rendered to the corporation. or
other equivalent of cash as provided by
law. and in such manner and at such
times and in such installmentS as may BE-
prescribed by the Board OF Directors.
This corporation shall become a going
concern and shall be authorized to com
mence business as soon as fifty per cent
lJOt0D of its capital stock shall have been
subscribed and fifty per cent tJOCCD OF
all stock subscribed for shall in fact have
been paid for either in cash or its equiv
alent
1 e
corporation may be increased to the sum
of fifty thousand $50 OOOO Ob dollars BY
vote of twO-thirdS of all the stock present
or represented ut special meeting called
for that purpose or at regular annual
| meeting of the corporation.
ARTICLE VI.-All certificates Of stock
| issued by this corporation shall be signed
10y the President and countersigned by the
wee President, or if authorized by resolu-
ton of the Board of Directors. shall be
signed by the President and cOunteTSigned
| by the Secretary and Treasurer. The
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 hi
rect0rS from time to time prescribed. No
stakeholder shall be permitted to sell or
otherwise dispose of his stock VII,
| lirSt offering the same in writing. to the
| other stockholders, through the Board of
directors, at 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 sale or otherwise of any of the stock
| holders, and shall have a period of ten
| days in which to accept 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 issued herein upon the condition
| and understanding that no stakeholder
4
| in violation hereof and any such sale or
| transfer. If made, shall be void and this
corporation shall be under no obligation
| TO list said stock on its books or 10 re
gard the holder of the certificate thereof
ARTICLE VII.-The corporate powers
of this corporation shall be vested in and
| exercised by a Board of three Directors
two of whom shall constitute a quorum.
for the transaction of business. The hi
| rectOrs of the corporation may vote in per
son or by written or Geographic proxy at
any OF the meetings of the Board of hi
rectOrs; and the Board of Directors ma
delegate any of its powers TO any officers
or officer or any other representative
the corporation by appropriate resolution
TO that effect. The first Board of Direc
tors of this corporation shall be composed
of the following: Jacob +. CHASER, Mrs.
Anna CHASER, Miss Lillian CHASER. with
the following Officers: Jacob +. CHASER.
President; Mrs. Anna CHASER, Vice Presi-
dent: Miss Lillian CHASER. Secretary
Treasurer; and they shall serve until the
first Wednesday in July, 1921. or until
their successors are elected and qualified.
The Directors shall be elected annually ;
a meeting held on the first Wednesday of
July in each year after date hereof. No
tice of said meeting shall be given ten
days prior to the date of said meeting in
stakeholder at his last known place of
| residence. The Board of Directors may
| change the date of said annual meeting to
any other date. by written notice to that
effect. sent at least fifteen days prior to
the date to which said annual meeting
shall be changed, directed by registered
mail to each stakeholder at his last known
place of residence. Each stakeholder shall.
at such annual meeting or other meeting.
general or special, be entitled in person
or by written or Geographic proxy to one
vote for each share of stock owned by
him. The election shall be held under such
rules and regulations as may be from time
to time determined by the Board of Direc-
tors. The Directors, when elected, shall
hold office for one year, or until their sue
cessOrs shall have been elected and quail
| fled, and failure to hold the annual meet
| ing of stockholders or to elect annually
| Directors. shall not operate the forfeiture
| of this charter or any rights Hereunder.
| Any vacancy occurring in the Board IF
Directors may be filled by the Directors
for the unexpired term.
| ARTICLE VIII.-This charter and act
| of incorporation may be changed, mOdi-
| fled, altered or amended by and with the
| consent of three-fOurths of all the stock
present or represented at a meeting, gen
eral or special. held for that purpose; and
| such amendments may be material or iU .
| material, subject only to limitation as
may be by law provided: and this corpOr-
alton shall have the right and power TO
| increase or decrease its capital stock as
| hereinbefore set out, and any increase OF
| the capital stock in excess of the amount
named herein as the amount to which the
| capital stock may be increased may be
made by a three-fourths vote of all out
! standing stock.
| ARTICLE IX.-Notice of any and all
meetings referred to in this charter, or re-
quired by law, shall be given in the man
ner provided for giving notices in case OF
| election, unless the same shall have been
waived. The stockholders and directors
may waive notices.
| ARTICLE Kin case of the dissolution