The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-18
CHARTER.

election falls on a legal holiday, then said
election shall be on the first day there
after not Il legal holiday. All such cleo
tiOns shall he by ballot. OF such cleo
tions at least fifteen days previous no
tice shall be given to each stockholier,
either personally or by d"pOSitinS the
same in the po>toflicr. properly addressed.
majority of the votes cast SHAH elect,
and each share of stock shall he entitled
TO one vote, 10 be cast 10y the owner III
person or by proxy. The directors thu+
elected shall serve and rOutinu" in Ohlc"
for one year or until their successors shall
have been duly elected and shall have
qualified. failur" 10 elect Directors on
the date above specified shall not dissolve
tn" corporation, but The existing Board
shall cause another election to be held
within thirty days thereafter. whereof rf-
teen days previous notice shall DE gwen
rs above provided for. Any vacancy o.
curing in the officers or Board from any
cause whatsoever shall be- filled for the
uueNpired term 10y tn" remaining III
rertorS ANY Director who may be- absent
from the city OF New Orleans shall haE"
tho right to appoint any StOckhOldrr OF
the CORPORATION 10 vote for him at any
meeting of the Board, and such proxy
shall have and eNcrriS" all the powers OF
such Director appointing him. he ON
GERS of this corporation shall consist Of
a President Nirc President Secretary ana
Treasurer. but tn" Offices Of Secretary ana
Treasurer may be hlled by one ana the
same person. 4 majority of the directors
shall constitute I quorum for the trans
action of all business. The Board OF III
rrcrorS at their first meeting following
each annual election shall elect from their
number a President. "A Vice President,
Secretary and a Treasurer. or Secretary
rrea surpr. who shall continue in Office Tor
one wear from such election or untll their
>ucrrs>orS are elected and have qualified.
Said Board of Directors shall have full
power and authority to exercise all the
powers conferred on this corporation by
these articles of Incorporation or which
ar, or may be permitted by the laws APP
plirahlr to corporations.
ARTICLE V.-ThiS act of incorporation
NAV be amended. altered and modified or
this corporation dissolved in the manner
provided by law and particularly in con
formity with said Act 26i ot 1914.
ARTICLE Vino shareholder shall
ever b.. held liable or responsible" for the
contracts or faults of this corporation III
any further sum than the unpaid balance
due on shares of stock owned by him
nor shall any informally III orSahiZaIlon
have the effect of rendering this charter
null or Of exposing any Stoc6hOldrr l"
any liability beyond tn" unpaid balance
due on his stock: nor snail any informal
ity or irreguarity in organization have
the effect of rendering any stockholdef
liable ~ Il partner.
ARTICLE NII-The following persons
shall constitute tn" first Board Of Dir"c-
tors and shall serve until the first Tues
tay in January. 1921. or until their sue
c">SOrS shall have been elected AMI quaIl-
ned. viz: william ID. Seymour. 6li ).
Peters street, New Orleans, La; Joseph
| VI Heating Jr. 1872 Canal street. New
orleans. La and Miss Junia \. Gingry.
| 14%S ST Mary street. New Orleans. with
William ~ Seymour rs President. Joseph
/ VI Heating. Jr. as Vice President. nnd
| Miss Junia \. GinCry as SeCretary-lr Treas
urer The incorporatOrs have set opposite
] their signatures their respective addresses
! and the number of shares to which they
| have each subscribed, so that this act or
! a. IL 81. hn RI Y
nal subscription list to the capital stock
| Of this corporation: there being also ap-
pended hereto and made n part hereot a
sworn statement by all the stockholders
| and Board of Directors herein named. fur
| uiShin- an accurate. detailed and item
/ lied description of the property and good
will transferred To and accepted by said
| corporation in payment OF seven hundred
! and forty-cight GiSD shares of stock sub
! scribrd bv William ID. Seymour, together
! with the appraiSemcnt thereof as made by
| said stockholders and Board of Directors.
Thus done and passed. in my office. at
| the City Of New Orleans. on the dav
month and year herein first above writ
ten in the presence of MeSsieurS Pierre
Puvoulet and Ira La pieu. competent wit
! neSscs who have h"reuntO signed their
names with the said appearers and me.
said Notary, after due reading of the
whole.
Witnesses: z. PuyOulet. Ira La Dieu.
Original signed. ] A. Gingry 1893 st.
Mary street. New Orleans. La l share /;
VIM T. seymour GA $. Peters street, New
orleans. La, as shares; Jos. VI. Heating,
Jr. 4232 Canal street. New Orleans. La,
! share !. II. FOrcellr. Jr.. Not. Pub.
l. the undersigned Recorder of Mort
cages in and for the Parish of Orleans.
State of Louisiana. do hereby certify that
the above and foregoing act of incOrpOra-
ton of the William u. Seymour Co, Inc
was this day duly recorded in my office
in Book 1928. Folio Az. New Orleans
February 2nd 1920. tSicnedD Emile J
Leonard by. II. A true copy. J. H.
Forcelle. Jr. Not. Pub.
state of Louisiana, Parish of Orleans.
City of New Orleans. ltemized statement
and appraisement of property. etc, taken
in payment of stock of the William ID.
seymour Company. Inc. The following is
accepted in payment of seven hundred and
forty eight C14S) shares Of stock subscrib-
cd by William u. Seymour: The general
brokerage and wholesale business hereto
fore conducted by said William u. Sey-
mour ut No. GA s. Peters street. in this
| city. viz: AssetS-Current: Cash, Sl4-
O05.39: accounts receivable. s31.9S2.31; notes
| receivable sol .5I3.6 50: merchandise. Der in
ventory, $50, 453.29: stocks and bonds, s2S.-
| aJ74f Fixed: Office furniture and fix
] lures. truck and aut" S3.51I.ll. Total,
Sl3oOo920. Liabilities Current: Bills
| PAYABLE, S56629.34: money on deposit, ST.
a9sS2 Total S6l, 626 l6. Net worth, ST.
473O4
| William D. seymour. Joseph NJ Heating,
Jr. and Miss Junia \ GingTy, stockhold-
rrS and Board of Dirpct5rS of William ID
| Seymour Company. Inc. being duly sworn,
| dpposr and saw that the above Is true
| and accurate detailed and itemized state
! meut of .he property transferred to and
accepted by said corporation in payment
of stock as aforesaid and that the valu
| and apDraisCmentS thereof were made by
| them. The said apnearerS further declared
! that the subscriptions or Joseph VI. keat-
/ ing Jr.. and Miss Junta 4. Gingry were
| paid for in cash.
| Sworn 10 and subscribed before me, on
this 3lSt day of January. 1920.
CSignedD ]. 4. GinCry. VIM. u. Sey-
mOur Jos. VI. Heating Jr.
/ (SignedD ]. II. ForCcrre. Jr., Not. Pub.
! \ true copy. ]. III. FOrCclle, Jr., Not
! Pub.
! Feb. 10 March Is