The herald., 1921-01-20
CHARTER.
CHARTER OF THE TRIPLE PROOF
LEATHER Betting COMPANY, INC.

Irnited States of America, State of Lou
isiann. Parish of Orleans City of New Or
leans Be it known, That on TINS tnlIu
day of the month of January, In the year
of Our Lord, one thousand nine huhuIe 'l
and twenty one, and of the Independence
az rho limited States of America, the one
hundred and forty fifth, before me, W.
Morgan Gurley, Notary Pubnc, duiy CON-
missiOned and sworn, In ana ior my
and Parish of Orleans, therein resl1lne'
and in the presence of the witnesses mere
matter named and undersigned, persohallg
came and appeared, the several persons
whose names are hereinafter subscribed,
all of full age of majority, who declared
that ayailing themselves of the PROVISIONS
of the Constitution and laws Oh thls SUI
relative to the organization OF cOrpOrdIions
they have covenanted and agreed anu 10
Inv these presents, covenant and agree TO
form and constitute themselves INTO cOL
poration and body polite IN law WIN such
persons as may hereafter bee ONE assocl-
ated with them, for the objects and pur-
poses and under the articles, agreements
and stipuIations following, which they
adoBt as their charter, to-wlt:
ARTICLE 1.-The name and style of this
corporation shall be Triple PROOF Leatner
Betting Company, Incorporated, with It's
domicile in the City OF New Orleans, Lou
isiana. and under that name it shall have
and enjoy all the rights, advantages anu
privileges granted by law 10 corporations,
and shall exist for the full term and period
IL shall have power to contract, sue ana
be sued to make and use corporate SEAL
and the same to alter or break at pleasure
TO own, hold, receive loan, lease, purchase,
sell and convey, as well as mortgage ana
hypothecate and pledge property, both real
and personal and mixed, corporeal ana
incOrporeal; borrow money ana issue eNl-
dence of Indebtedness, secured ana I'M
secured to name and appoint sucn mana
gers, directors, officers, agents ana other
employees as it's interests and convenience
may require, and to make and establish, as
well as alter and amend, from time 10
time. such bylaws, rules and regulations
as may be necessary and eXpedaent for the
proper management and government or the
affairs of the said corporation, and gener.
ally to have. enjoy and exercise any anu t
lowed by the Constitution and laws or TINS
State to similar corporations, ana 90 any
and all acts and things necessary TO carry
on its business or that its interest ana coh-
venience may require.
ARTICLE 1.-THE objects and purposes
for which this corporation is formed and
the nature OF the business to be carried or
by Il is hereby declared to De: To manu-
facture and deal in leather, leather peit
ing, and any and all leather goods, am
every kind Of betting, and articles thereto
allied or into which leather may enter, O.
be part of: To buy, sell, receive, aIenat
and deal in any and all leather speclaitles
to tan, treat and prepare hides, SKINS am
deal In same. 1t shall have the right U
deal in any nature of merchandise
wholesale or retail, and TO pledge. pawn o
mortgage any of its property, movable
immoyable, personal or mixed, corporea
and incorporeal and to do all business an
things, incidental or pertaining to sal
manufacture, merchandise and business
ARTICLE III-The capital stock Of thi
corporation il hereby fixed at the sum Q
fifteen thousand ($15,0o0.OO) dollars, TO 0
lnt
dred and fifty C150l shares of the par valu
of one hundred dollars ($lO0.00) each, pay
able In cash or its equivalent.
The subscription of Z. A. Usina, 33l
Carondelet Street to 145 shares of the capl
tai stock of this corporation OF the pa
value Of $4,000 per share Is declared 10
paid In full as follows: $4,000. in eSsl
and the balance of Sl1. 10000, is paid b
the delivery to this corporation OF u
property detailed and itemized on the a
tached list or inventory Of MERCHANDISE
shop machinery, furniture and nxture
which property Is appraised by the ID
rectors herein named at the sum OF vi
10000, eleven thousand, one hundred 90
lars.
The capital stock OF this corporation ma
be increased TO the sum of one hundre
thousand dollars ($1O0, 060. 0O), divided mi
one thousand shares of $4,000 each. IN
corporation shall be authorized to con
mence business and be going concern
soon as half of its eopItal stock has pee
stakeholder desire to sell his stock. he sha
first offer the same to this corporatio
through its Secretary Treasurer at
hook value and the stockholders who d
sire to purchase shall have the right
purchase same in the proportion TO the
respective holdings Of stock in the con
pany. Should any stakeholder not wish
purchase his proportionate share, then
share shall be offered to the other stocl
holders proportionate TO the number
shares owned by them. Should this co
poration. or said stockholders, in ten da.
after notice having been given in writin
fail or refuse to purchase the stock oner'
for sale, such stock may be sold TO al
one. No transfer Of stock shall be made
held TO he valid and binding unless MAJ
in pursuance to the provisions OF tn
charter and on the books OF the compan
ARTICLE Iv-All the corporate powe
bf this corporation shall be exercised
and vested in a Board Of three Director
each of whom shall own in his own mar
at least one share of the capital stock II
pledged. Any two OF said Directors sh'
constitute a quorum for the transaction
all business. The first Board of Directo
lis declared TO be f. Aubriel Usina, 81
ICarondelet Street. New Orleans. La; w
liam s. Launstein, AGO Arts Street, NJ
Orleans, La: +. Aubriel Csina, Jr., 9
West 137th Street, New York, New Ior
with the said T.. Aubriel Usina. as Pre-
dent and Treasurer, the said William
Launstein, as Vice-President, and the Sc
rotary shall be elected by the Board at
Which said Board Of Directors and G
fcers shall hold their Offices until the M
Tuesday in December, 1921. at which III
and annually thereafter, the stockholde
shall elect directors and the said directo