The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-29
CHARTER OF GARCIa-DANI>-SCH
ERMA\N, INC.

nltrd states Of America, State or Lou
iSiana. Parish of Orleans. city of New Or
leans. He il known. That ON this 18th day
of the month of February. in the year one
thousand nine hundred and twenty. before
me. Henry L. Dart. Jr.. Il Notary Public.
duly commissioned and sworn in and for
the Parish of Orleans and city of New Or
leans. therein residing. personally came
aud appeared the persons whose names are
hrrruntO subscribed. who declared that.
availing themselves of the provisions of
the laws of the State relative to the
"aniZatiOn of corporations they have cove
nanted and agreed. and do by these
presents covenant and agree, bind, form
and constitute themselves, as well as such
other persons who may hereafter join or
become associated with them, into cor
pOratiOn and body polite in law for the
oh jectS and purposes and under the agree
mentS aud StipulatiOnS following. tO-wit:
ARTICLE 1.-The name and title of this
corporation shall he Garcia. Davis. Schu-
ermann. Inc and under its corporate
name il shall have and enjoy existence and
succession for the term of hundred
years from this date. and all the rights.
advantages and privileges granted by law
to corporations, including power to con
tract sue and be sued in its corporate
name: to make and Use corporate seal
and the same to break and alter at pleas
ure: To hold. receive. purchase. convey.
mortgage. hypOthccate and pledge prop
erty. real and personal: to i>Su" bonds
notes and other obligations: to have and
employ managers. directors. Officers,
/
ter.St> and cOnycnienceS of the corpora
| ton may require: and to make and eStab
| liSh Such committees, and to create such
by laws. rules aud regulations for the cor
porate management and for control of the
| affairs of the said corporation as may be-
! deemed necessary and eNpedient.
ARTICLE 1.-THE domicile of the cor
| porntion shall be the City Of New Orleans.
state of Louisiana. Citation and other
| legal process shall be served on the Pres
| ident. or, in his absence or inability to
! act from any cause Whatsoever, upon a
Vie" President or the Secretary Treas
| urer.
The objects and purposes of this cor
| poratlOn are to acquire the assets, prop
| rrty, business and good will. and to as
| sumo and pay all Indebtedness of Garcia
| n Davis. a partnership composed of Flu
gene ~ Garcia, William X. Davis and X.
| :. Landry. who are now engaged in the
| general lithOgraphing. printing. station
cry and office supplies business, and TO
| issue for such property so acquired. the
| capital stock of this corporation. And
| the further objects and purposes Of this
| corporation are to engage. deal and OPP
| crate ut wholesale and retail. as prnci-
| pal, agent, on commission or otherwise. in
| stationery. printing and lithOgraphing. and
| GENERALLY to do all and singular everything
| that is necessary and material for the
! prosecution of said business. To own.
| operate and conduct buildings. mills and
machinery. tools and appliances for the
| uses and purposes of the business and the
|
| hypOthecate at will; and generally to do
and perform all things needful necessary,
| proper useful for the accomplishment
of the purposes of the corporation. The
| whole in the State of Louisiana. the States
territories and possessions of the United
| States, and in foreign States and terri
tories, with the right To have offices and
places of business and representatives in
any or all of the same. n change of the
| objects and purposes of this corporation
may be made by the vote of all the stock
holders at a meeting called for that pur-
pose.
| ARTICLE IV.-The capital stock of this
| corporation shall be ten thousand $50
O00O0) dollars, divided into four hundred
| (iOO) shares of the par value of twenty
| five $4,000 dollars each which said stock
| shall be paid for in cash property. The
| capital stock may be increased to twenty
| thousand (S2O.O00O0) dollars. by vote OF
| two-thirdS OF all of its stock at a meet
| ing of the stockholders called for that
! purpose.
| % No stock shall be sold or trans
| ferred until an opportunity is first af
fOrded all other stockholders of record t.
purchase said shares of stock at boOl
| value as shown by the inventory preceding
such notice; written notice shall be giveI
by the owner to the Board of Director,
for the use and benefit of such Other
stockholders: il shall be transmitted
without delay by the Board to them and
must be accepted within thirty days from
receipt Of the Boards notice and paid fol
in cash within ninety days from such no
tice. The stockholders shall have the RICH
to buy said shares in proportion to theil
holdings and any shares not taken in pro
portion may he taken by the other share
holders. Failure of the stockholders {,
buy shall by the mere expiration OF tn,
time limit release the stockholders from
the effect of this provision.
(2) Whenever any stockhOlder who's
holdings. together with those of his sur
viving wife or children. if any. shall ag
gregate twenty per cent or more of tn
| capital stock of this corporation, shall
die. his successors. heirs or legal repre-
SPntatives will have the right to tende
the whole of the stock of this corporation
owned by said decedent and his survivin!
wife or children, IL any. to be purcha sec
by the surviving stockholders at the pric,
set ont in the first paragraph hereof. I
| shall he the duty of the Board of Director
to submit the said offer 70 the stock
holders. and IL within the time hereina bow
prescribed. the offer shall not be accepte,
, and the stock purcha sed. then the sal,
| successors. heirs or legal representative
shall have the right to demand the disso
luton and liquidation of the corporation
!; and in default to apply to any court o
competent Jurisdiction for dissolution o
this corporation and the liquidation of tn
same. any law to the contrary nOtwith
standing. saving always. however. tn
right to the said corporation I'm answer 4
said proceedings. to dissolve and liquidat
In the manner prescribed by law OF Lou
, isiana-