The herald., 1920-07-08
CHARTER OF VI. CHASER HORSE AND
MULE EXCHANGE. INCORPORATED.

! United States of America. State of Lou
i>ihna. Parish of Orleans. city of New or
! leans. BE- il known That on this 18th
| day of the month of June. in the year of
our Lord on" thousand nine hundred and
| twenty, before me-. William J. GuStr. u
Notary Public. duly commissioned and
qualified in and for the above parish and
State. therein residing. and in the pres
1 "n'" of IN" Witnesses hereinafter named
aud undersigned, personally came and APP
pcarrd the several parties whose names
ar" h"reuntO subscribed. who >Pvrraly de
| rlared that. availin" themselves of the
| laws of IN" state of Louisiana. in such
| cases mad" and provided. and more par
! ticularly of Act pa of tn" General As
>cmbIy of the State of Louisiana of 1914
| r"latin" 10 the creation. organization and
! formation of corporations they have
|"ovenantrd aud agreed and by theS" pres
cntS do hereby covenant. agree and bind
/ themselves. a. well all other persons
~ may hereafter become associated with
them. 10 form corporation for the oh
J"CiS ana purposes under the articles aud
| >tipnlation> following. which they hereby
/ adopt a. their charter. tO-wit.
| ARTICLE 1.-The name aud title of this
| corporation shall be VI. CHASER Horse X
| Null" Exchange. Incorporated. aud under
! its corpOrat" name il shall have power and
existence for a period of ninety nine years
rNl>tcnc" for period of ninety nine years
I from dat" hereof. unless sooner dissolved
| by liquidation or otherwise. IL shall have
power TO contract: 10 sue and he sued To
2
ana break the same at pleasure. To hold.
| receive. lease. purchase transfer. assign
| mortgage, hNp"thecatr. pledge or other
| wise dispose of property. real personal
! or mixed. corporal and iucOrporpal: To
/ issue bonds. and if desired. TO secure same,
| by mortgage: to hold stock in other com
/ pauICS. 10 nam" and elect Officers and di-
re''tor>; to make and establish. alter aud
! amend. bylaws. rules and regulations for
| lt> proper government. a. may he deemed
| necessary and proper for the extension of
/ - ht4 i'm, /.
engaged.
ARTICLE 1.-THE d0miciIe of this cor
poratiun shall be in the city of New Or
| leans. state of Louisiana; and service of
| process shall be made upon the PreSi-
dent, or. ia his absence upon tho Vice
| President.
! ARTICLE III.-The objects and pur-
| poses for which this corporation is organ
| business TO be carried on by il are de
clared to he as follows: To engage gener-
ally IN the horse, mule and cattle business
| to engage in the 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
Soevcr. as principal. agent aud factor. and
as auctiOneer. on commission or other
wise: TO import and export horses mules
cattle and animals of every kind and va
| ricty for its own account and for account
of others. ON commission or otherwise; to
act a. agents and brokers for the selling
on commission or otherwise. of horses
mules. cattle and all other animals: to
board. feed. lodge. stable. hire and take
care of horses. mules. cattle and all other
animals for itself and for account of
others; to water and feed same for account
of others while in transit: to buy or other
wis" acquire and sell or otherwise dis
pose of, for its own account and for ac-
count of others, all kinds of harness. sad
dies. carriages, wagons. vehicles and the
like: to buy or otherwise ACQUIRE sell or
otherwise dispose of. hold. own. lease and
rent. real estate improved and unim-
proved ana generally to do and perform
all Things pertinent and incident and which
may he proper and necessary to carry out
aud effect the objects and purposes here
inbcfore enumerated.
ARTICLE lN.-The capital stock of this
corporation is hereby fixed at the sum of
ten thousand lSl0OOO.0W dollars and shall
be divided into and represented by one
hundred QOO) shares of common stock. of
the par value of one hundred $500 OO) dol
lars each. Said stock shall be paid for
in cash. or by property, services ac-
tually rendered to the corporation. or
other equivalent of cash as provided by
law. and in such manner and ut such
times and in such installments as may be
prescribed by the Board of Directors.
This corporation shall become Il going
concern and shall be authorized to com
mence business AS soon as fifty per cent
(JO%Il of its capital stock shall have been
subscribed ana fifty, per cent 5OGdl of
all stock subscribed for shall in fact have
been paid for either in cash or its equiv
alent.
| ARTICLE N.-The capital stock of This
corporation may be increased to the sum
of fifty thousand (SJO,0O0.O0J dollars by
vote of twO-thirdS of all the stock present
or represented at Il special meeting called
for that purpose or at regular annual
meeting of the corporation.
ARTICLE NI.-All certificates of stock
issued by this corporation shall be signed
by the President and cOunterSigned by the
Vice President, or if authorized by reSOlu-
ton of the Board of Directors shall be
signed by the President and countersigned
|, 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
rectOrs from time to time prescribed. No
stakeholder shall be permitted to sell OF
J otherwise dispose of his stock with,
| first offering the same, in writing, to the
other stockholders. through the Board OF
Directors. at a price not exceeding th'
{ book value thereof; and said stockholders
in proportion to their holdings. shall have
$ an option and first right to purchase al
r the shares of stock to be thus disposed O
4 by sale or otherwise of any of the stock
a holders, and shall have period of ter
days in which 10 accept or decline SaiC
offer. Should the stockholders decline [,
, purchase said stock. then such stOckhOlde
: is at liberty to sell or dispose of the stock
: and may do so in any manner and at an!
\ price he may deem fit. Each share o
J stock is issued herein upon the condition
; and understanding that no stockholde
p | shall sell or otherwise transfer his Stocl
l. in violation hereof, and any such sale o
+ transfer. il made, shall be void, and thi
% corporation shall be under no Obligation
= to list said stock on its books or to ~
a gard the holder of the certificate thereof
II ARTICLE VII.-The corporate power