The herald., 1921-07-28
CHARTER.
-, NV ouice. in Book 1858, folio 100.
~" VI ROBERT SCOTT, Dy' L.
July 2S-Sept. L.
CHARTER OF THE PAUL Moh
BOOKSHOP, INC.

nur lard one thousand nine huhureu n
tu.uty-one, and of the Independent u -
United States of America the one I'm
nraotb and torty-siXth, before me, JoseP
sinai a notary public, duly commlsSlones
anu qualified in ana Ior the -
orleans therein residing, ana III tue Ple,
rure Oh the witnesses nerelhaIter ha
a,,,, undersigned personally came ana APP
-, area the several persons whose haii.'
are hereto subscribed, VINO uecidIeu a.
.yaihng themselves of the PROVISIONS Vi '
laws OIL the State of Louisiana rtldtNe ~
me organization and formation ol COT
mons and more particularly or ACT No -.
q. the General Assembly OF the old'S "
Louisiana for the year 1914, the! haNu
y,rnanted and agreed, and the! 40 W
I,,,s,. nresents covenant and agres, Dlnd
and obIigate themselves, AS wen as SUI"
J.4rr persons as may hereafter Decon, ,t,',t.
sociated with them, 10 form anu Consti ~
Il corporation and body Pohtly III d t6a
| me OBJECTS and purposes ana uhueI lne
| agreements, conditions ana stlpuId'io"S
| hereinafter set forth, to-Wt:.
| ARTICLE THE name and style Oh thia
| corporation is hereby declared 10 De the
| rAul. MORPHI BOOhSHoI' ~ anu
| and rnloy succession and existence lot d
| u-,:od of ninety-nine years from uate
| ,roT. II shall have the power ana au
| thority to cOatract, sue ana DE sueu anu
| To maze and use a corporate seal' anu 'ie
| same 10 break and alter at pleasure 10
| hold. purchase, lease, sell, MORTGAGE
| hypothecate and pledge property rear anu
| personal and mixed, and hoId stock III
| other company or companies that ma! as
| s,st this company in its objects and pur-
| psses: TO make and issue bonds, notes
| certificates of indebtedness, ana ii deslreu'
| 10 secure the same by mortgage pleuSe' or
| in any other manner; to name, elect. ana
| appoint managers, directors ana CLERKS VI
| other employees, and to make ana estaD-
/ liSh such bylaws, rules ana regulations
| as may be found necessary or ueslraDle
| sh.. hnrGI naE
| affairs of the corporation, and generally
| to do all, every and any other act, matter,
| and thing necessary for the complete and
| proper carrying out of its business.
ARTICLE 1.-THE domicile of this cor
| poration shall be in the city OF New UT
| leans. State of Louisiana, where all clta-
| ton and other legal processes shall De
| served on the President, or, in his absence
upon the Secretary of the corporation
ARTICLE III-The objects and purposes
for which this corporation is organized anu
the nature of the business to be carried on
by il, are hereby declared to be: To carry
| on the business of booksellers, stationers,
bookbinders, engravers, electrotypers ana
photographers, and to purchase. sell anu
| deal in such goods and merchandise as
are or may be sold in a general store, and
generally to do any and all things ana
matters necessary, convenient ana uesir
| able in the furtherance OF the above OBJECTS
, and purposes.
: ARTICLE IN-lDP cdplldl SloNh VI thAE
corporation shall be Five Thousand Dollars
| | $4,000 OO). divided into and represented by
, Four hundred and eighty tisO) shares OF
the par value of Ten $4,000 Dollars each
, and Twenty COZ Shares of the par value
! of Five $500 Dollars each.
$ The capital stock of this corporation is
Z | to be represented by preferred ana com
! mon stock; ninety-e per cent tSo1oD
Q or -Four thousand nine hundred dollars
] being the four hundred and ninety shares
| ualn of
be preferred stock and Two per cent (2To)
e or One hundred dollars, being the twenty
shares of the par value OF Five dollars
= each is to be common stock.
e The holders of the preferred stock shai
] be entitled to receive when and as declared
(; from the surplus net prohts OF the cor
9 poration, yearly non-cumulative dlvldenu
| at the rate of ten per centum per ahh1iil
: and no more, payable as the Board OF III
: | rectors NAV determine. All remaining sur
/ plus or net profits of such year, beginning
II January LIST 1923 and Of any other nsca
t year, shall be applicable to dividends up9i
S the common stock, and PAYABLE as IN IN
n Board of Directors may determine. In IN
% event of any liquidation or dissolution; o
| winding up whether voluntary or invoiun
a tary) of the corporation, the holders OF Tn
i. preferred stock shall be entitled 10
n paid out of any assets, up to the pa
4 amount of their shares, and after such pay
8 | ment to the holders Of the preferred stoc
40 the remaining assets and funds shall D
divided ana pa1u 10 the uOfucEs VI thc YIN
~ | mon stock, according to their respectiv
d shares.
ctI The common stock shall have the com
D. plete and exclusive control of the corpora
r. tion and the exclusive right TO vote q
Stockho lders' meetings, as shall be hereiI
is after provided.
of All transfers of stock shall be made o
ID the books of the corporation by surrende
le of the original certificate properly endorse
h for cancellation by the stockholders
Is whose favor said stock Is issued or .
is stock of this corporation may, on compi!
w ing with the requirements Of law, be IL
nd crea sed up to One hundred thousand do
ID lars. or any part Thereon.
lg The preferred stock may be redeemed {
al retired, in whole or in part, at the optic
~ of the Company. at any dividend perio
We at Ten Per Cent above par, plus any earne
dividend: If retired in part, the same sha
Of be by lot.
i'd ARTICLE v-An the corporate powe
ly of this corporation shall be vested in an
RS exercised by a Board of Directors. to |
p composed Of three of the stockholders
id the common stock, majority of who
Sc shall constitute a quorum. The Board
a Directors shall be elected annually on Il
is. Tuesday after the First Monday in Jal
I'd uary in each year at meeting OF u
SO stockholders of the common stock held
le that day. Ali elections shall be by ball
en- and each stakeholder of common sto'
We shall be entitled to one vote for each sha
he of stock standing in his name on the bool
n of the corporation, this vote to be ca
all in person or by written proxy. Failu
IS to elect a Board of Directors, as here
er provided shall not work forfeiture
or this Charter but the old Board of Dire
IT. tors shall remain in office until their su
cessors are duly elected and qualified.
RS Any Director who is not able to after
be any meeting of the Board has the right
d. appoint, in writing, another member of q
.ee Board to act as his proxy. The officers
a this corporation shall be a President,
k Secretary and a Treasurer; the office
m Vice President may be created by acti,
IL of the Board of Directors; any two of q
% officers may be combined and held by o.
in person. The first Board of Directors
no serve until the Tuesday after the first Mo
cd day in January, 1923, or until their su
q, cessors are elected and qualified, shall CO
act sist of Mrs. Rosalie Nixon, whose pos
a office address is No. 321s st. Charl
or avenue, New Orleans, La; Miss LYDIA
Belden, whose postoffice address is
'er 1112 First street, New Orleans, La. a
m Mr. Marcus b. Buford whose postoffi
on address is No. 2121 Peters avenue, NJ
ice Orleans, La, with the said Mrs. Rosa
OF Nixon as President and Treasurer. and I
ere said Miss LYDIA l.. Belden as Secretary.
Any vacancy in the Board of DirectC
=. may be filled by the remaining Directt
'e of said Board from among the stockholds
of the common stock. The Board of
led rectors shall have the power and author
of to sell, mortgage, hypothecate and Piled
on any and all property owned by the corp,
uc- alton, either in whole or in part; to pl
III chase, lease or otherwise acquire any Pre-