The herald. [volume] (New Orleans, La.) 1905-1953, 1921-04-07
ADVERTISE IN THE HERALD
CHARTER.

stationery.
Store No. TO7 Canal Street and all other
appurtenances thereto belonging, lnclud-
ing the good will of said business, the
whole of which has been appraised D9 tne
Board of Directors at the sum Oh my
thousand dollars, and shall be taken anu
accented by the corporation in payment Oh
stock subscribed for like amount.
ARTICLE Iy.-The capital stock of this
CORPORATION is hereby hNeu at lhe sun SUI
nf nifty thousand dollars ($JOOooVol I'll
vIded INTO shares Oh tne par All shares
of stock snail be full paid and nohas,
spssaDle when issued, and snail De lssueu
only for labor done, or property actuah!
received, or money 10 pe pau - no
amounts and at such times as may M pe
determined by the Board OF directors. Inc
stock OF this corporation snail De Trans
terred in writing only, ana no TRANSFER VI
stock shall be binding upon tne III al
ton unless made upon its DOCKS anu an
certificates of stock shall De slSheu u!
such officers as may be designated u! inc
Board of Directors, no STOCK, ho"eNei,
snail be transferred on the BOOKS, nor
shall any stakeholder have the rlgnt 10
sell his stock until he has hrsl ohtIeu'
through the Board of directors, tue SUI
for sale to the other stockholders at tne
nook value thereof. In the event OF an IN
crease of the capital stock, the auultiohai
shares shall be first offered TO the stock-
holders, and If they should dSiue 10 Pu i. ,
chase the stock, then each OF the stoch-
holders shall nave lne TlSht " pa tNAP>
| i'm the purchase to the extent OF the pro
portion of his holdings in the company.
ARTICLE y-AIl of the corporate pow
| ers of this corporation shall be vested IN
and the MANAGEMENT and control OF IT'S
| anairs shall be exercised by Board oI
| Directors composed of four stockhOlders'
The first Board of Directors shall con
sist of Nicholas Bellamore, Henry Z;
Hartmann, Albert Ii. Amerland, Jr-' ana
| Arthur e, DE Monsabert, all Oh saiu III
| rpctors being residents OF the CITY Oh Ne"
| Orleans Louisiana, the full age Oh ma
| iority, with Nicholas Bellamorel as presl-
| dent: Henry e. Hartmann, as hrst vice
president; Albert Ill. Amerlanu, IL Us
| second yice-president, and Arthur L. he
| Monsabert, secretary treasurer; who shaii
| shall hold their respective offices as d.
rectors and officers until the second MOI
day in January, lV22, or until thelr sue
cessors shall elect from among their mum
ber a Eoard of Directors consisting OF -FOUR
| members. All such elections shall De Dy
ballot and each stakeholder shall be en-
titled in person or by proxy, 10 vote !or
every share standing in his name on the
books of the company. All elections shali
be held under such rules and regulations
as may be determined by the Board OF Dl-
rectOrs, and after ten days notice OF Sucn
election shall have been sent by man 70
each stakeholder at his last known al,
dress The Directors then elected shall
continue in Office until their successors
|
ANY vacancy occurring on said Board shal
be filled by the remaining Directors fol
| the unexpired term. The said Board sinai
likewise elect the additional members IL
| case they should determine to increase th'
number of said Board. The Board of Di
|, rectOrs shall at at its first meeting aitel
: its election nominate out OF Its number I
| president. a first yicepresident, SECOND
! | vice president, and secretary treasurer
. Said Board shall have the right to con
| solidate any two of said officers into one
or segregate said officers. Two 90 ID
2 rectOrs shall constitute quorum Tor TN
a | transaction of all business, and the Pres1
p dent shall be entitled to one vote in al
0 cases. The said Board of Directors shall
make all bylaws, rules and regulations 10
\ | the government of the business and affair
= of the company, and to alter, amend, ant
change same at pleasure. They shall hav
+ | full power to buy, sell, mortgage, lease
r pawn, and pledge any and all property
e real, personal or mixed, whenever in thei
= judgment they may deem such act neces
r sary and proper, to issue or authorize tn
= Issuance of obligations or assume IN
! same; to make all necessary leases or sui
s leases, contracts and agreements; hire, EN-
| plOy and discharge all officers, clerk
agents and employees and to fix all ga
q aries and compensatiOns; to open branche
e and establish agencies, and to do all thing
4, necessary for the conduct of the bus
IS ness. The said Board shall have the rigt
e to delegate any Of its powers to any OF
% ficer or officers agents of this cerpora
D ton, and generally to do all things nece'
N sary for the transaction Of the bushes
and affairs Of the corporation, and no Ell
10 ployees shall be considered employed b
N the year unless contracted with in wri
~ ing.
l. may be changed modified or amended {
8 the capital stock may be increased or d,
creased, by and with the consent of TIVE
thirds of all the stock issued. at a ger
sui Of fhA ate hnlI liz
N for the purpose, by written notice MALE
by registered letter to each shareholde
re his last known address.
ARTICLE Vino stakeholder of Il
:, corporation shall ever be held liable or r.
"a sponsible for the faults or contracts
in the unpaid balance due the corporation G
$, the shares owned by him; nor shall an
Is mere informality in its organization ha'
he the effect of rendering this charter null
D. of exposing a stakeholder to any liabilit
beyond the amount of his unpaid stoc
n il any.
oi ARTICLE VIII.-wheneye this corpor
III ton may be dissolved by the expiration
=, this charter or otherwise, the stockholde
~ shall elect two (2) liquidators from amor
- their number at general meeting of Il
y stockholders as herein provided. The liqu
- dators shall continue in office until FL
liquidation, of the corporation, or in ca
OF the death Of either of them, the renal
| ing incubator shall continue said liQu
dation until the shareholders shall see
to elect a successor to fill such vacancy.
ARTICLE IX.-Fifty thousand dolla
| 50OOO00) have been subscribed to the cal
ital stock Of this corporation, as follows
Nicholas Bellamore, New Orleans, L.
four hundred and twenty-nine shar
say forty-two thousand and nine hundrs
? dollars. (s4,290.O0); Henry c. Hartman
New Orleans. La, fifty shares say fl
? thousand dollars ($5.000.00): Albert
Amerland, Jr., New Orleans, twenty Share
say two thousand dollars ($2 OO0.00); A
. thur c. de Monsabert, New Orleans, l.:
one share. say one hundred dollars $500
total, fifty thousand dollars $50 OOO.OO) .
Thus done and passed in my Office at h
City of New Orleans, on the day and da
hrst above written, in the presence
Marion Kuhn and I.udovica de In Croi
both or this City, competent Witness
who sign these presents with said appea
ers and me, Notary, after due reading
the whole.
2 ORIGINAL SIGNED):
= Name Of subscribers:
Witnesses: Marion Kuhn, L. de Ia CFoi
3 THEO. CONTONIO.