The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-08
CHARTER OF LEON ISRAEL & BROS.
(HAlTD INC.

CHARTER OF LEON ISRAEL & BROS.
(HAITD INC.
United States of America. State of Louis
lana, Parish of Orleans, City of New Or
leans. Be it known. that on this Sth day
Of the month of December in the year of
cur Lord. One Thousand Nine Hundred
and Nineteen, before me. Herman l.. Bar
nett, Notary Public, duly commissioned
and qualified, In and for the above Parish
and State, therein residing, and in the
presence Of the witnesses hereinafter
named and undersigned, personally came
and appeared the several parties whose
names are hereunto subscribed, who sew
orally declared that, availing themselves
OF the laws of the State of Louisiana,
in such cases made and provided. and more
particularly Of Act 267 of the General AS
embly of the State Of Louisiana of 1914
relating to the creation, organization and
formation Of corporations, they have cove
nanted and agreed and by these presents
DO hereby covenant, agree and bind them
selves, as well as all other persons as may
hereafter become associated with them, to
FORM corporation for the objects and
purposes under the articles and stipula-
ions following, which they hereby adopt
Is their charter. to-wit:
ARTICLE 1.-The name and title of
this corporation shall be Leon Israel &
Bros. (HaitD, Inc. and under its cor
porate name, it shall have power and au-
thority to have and enjoy corporate ex-
istence for a period of ninety mine years
nom date hereof, unless sooner dissolved
by liquidation or otherwise. 1t shall
have power to contract; to sue and he
sued to make and use a corporate seal
and to alter and break the same at plea
sure. To hold. receive, lease, purchase
tfansfer, assign, mortgage, hypothecate
pledge or otherwise dispose of property
real, personal or mixed, corporal and in
corporeal; to issue bonds and, If de-
sired, to secure same BY mortgage; to hold
stock in other companies; to name. elect
and appoint such manager, agents, direc-
tors, and officers as the interest and con-
ysnience of said corporation may REQUIRE !:
y make and establish, alter and amend,
py-laws, rules and regulations for its
proper government, as may be deemed
necessary and proper for the extension OF
engaged. 40
ARTICLE 1.-THE domicile of this cor
peratlon shall be In the City Of New Or
leans, State Of Louisiana; and service of
process shall be made upon the Presi-
cent, or, In his absence, upon the Score
tTy.
ARTICLE III.--The objects and pur-
poses for which this corporation is orga-
nhed and created and the nature of the
business to be carried on by IL are de-
chred to be as follows:
To engage in a general import and ex-
port business in the United States and in
foreign countries and to carry on a gener-
al merchandise business; to import and
export, buy and sell at wholesale and re-
tai, or otherwise acquire and dispose of
and generally to trade and deal in goods,
wares, products, commodities and mer-
cmndise or every kind and description
as principal, factor or agent; and gem
ertlly to do and perform allthings per-
tlnnt and necessary to carry out and
execute the objects and purposes herein.
above enumerated.
ARTICLE Iv-The capital stock OF
this corporation is hereby fixed at the
sum of Five Thousand Dollars, and shall
be divided into and represented by
fly shares OF common stock, Of the par
value Of One Hundred (s1O0.O0) Dollars
e&h. Said stock shall be paid for in
cash, or by property, or services actually
resdered 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 pre-
scfibed by the Board of Directors. This
Corporation shall become a going concern
ana shall be authorized to commence
business as soon as fifty per cent of all
stock subscribed for shall in fact have
ben paid for, either in cash or fits equiva-
Lent.
ARTICLE VAN certificates of stock
issned by this corporation shall be signed
by the President and cOuntersigned by
the Vice President or If authorized by
resolution of the Board of Directors, shall
be signed by the President, and counter
signed by the Secretary and Treasurer.
The stock of this corporation can be
transferred only to the books of the cor
poiation and subject to such regulations
and formalities as may be by the Board
of Directors from time to time prescribed.
No stakeholder shall be permitted to sell
orfotherwise dispose of his stock without
flint offering the same in writing to the
Othr stockholders through the Board of
Dihetors alta price not exceeding the book
vahe 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
honers, and shall have period of ten
day in which to accept or decline said
offG. Should the stockholders decline
| to purchase said stock, then such stock
holder 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.
Hch share of stock is issued herein
upos the condition and understanding
| that no stakeholder hall sell or other
wise transfer his stock in violation hereof,
and any such sale or transfer IL made
| shall he void, and this corporation shall
be tnder no obligation to list said stock
on Is books or to regard the holder of
the certificate thereof.
Article vI.-The corporate powers OF
this corporation shall be vested in and
thres of whom shall constitute quorum
for he transaction of business. The d.
rectes of the corporation may vote in
person or by written or Geographic proxy
at any of the meetings of the Board of
Diredors; and the Board of Directors
may delegate any OF it's powers to any
offiee or officers or any representative
or th corporation by appropriate resolu-
ton 10 that effect.
Tn, first Board Of Directors of this cor
| poraton shall be composed Of the fol
lowing: Sam Isreal. President; Achille
Israel vice-President; Karl NJ. Gutmann,
Secretary Treasurer; Leon Israel; and
they shall serve until the second We'd
nesda in January, 1921, or until their
SUCCESSORS are elected and qualified. The
Directors shall be elected annually at a
meeting held on. the second Wednesday
Of January in each year after date hereof.
Motto of said meeting shall be given ten
daysprior to the date of said meeting,
in Writing, sent by registered mail to
each stockholder at his last known place
Of readence. The Board of Directors may
chane the date of said annual meeting
to any other date, by written notice TO
that fleet, sent at least fifteen days prior
to tho date to which said annual meeting
shall De changed, directed by registered
mail b each stakeholder at his last known
, placeiof residence.
FAD stakeholder shall, at such annual
meetiAg or other meeting general or spec
ial, b entitled in person or by. written
share Of stock owned by him. The cleo
tion hali be held under such rules and
regulaions as may be from time to
time determined by the Board Of Direc-
tors. The Directors when elected shall
hold Mice for one year or until their
successors shall have been elected and
qualified, and failure to hold the annual