The herald., 1921-03-17
CHARTER.

Dr. Nicholas Bellamore at No. 1O1 Canal
Street, in the City of New Orleans, with
all and singular, the machinery, nipple
ments, tools, furniture, fixtures, stock on
hand, optical goods, photo supplies and
stationery, the whole as contained in said
store No. 107 Canal Street and all other
appurtenances thereto belonging. includ-
| ing the good will of said business. the
whole OF which has been appraised by the
Board of Directors at the sum of fifty
| thousand dollars, and shall be taken and
accepted by the corporation in payment of
stock subscribed for like amount.
ARTICLE Iy.-The capital stock Of this
corporation is hereby fixed at the sum
of nifty thousand dollars 1850, 0000O) di.
ylded into shares of the par value of one
hundred dollars ($1O0O0) each. All shares
OF stock shall be full paid and non-as-
sessaOle when issued, and shall be issued
only for labor done, or property actually
received, or money to be paid in such
amounts and at such times as may be
determined by the Board Of Directors. The
stock OF this corporation shall be trans
TERED in writing only, and no transfer of
stock shall be binding upon the corpora
ton unless made upon its books, and all
certihcates Of stock shall be signed by
such ofhcers as may be designated by the
Board of Directors, no stock, however,
shall be transferred on the books nor
shall any stockholder have the right 10
sell his stock until he has first offered,
through the Board of Directors, the stock
for sale to the other stockholders at the
book value thereof. In the event Of an in.
crease OF the capital stock. the additional
shares shall be first offered to the stock
holders, and IL they should decide 10 pur-
chase the stock, then each of the stock
holders shall have the right to participate
In the purchase to the extent Of the pro-
portion Of his holdings in the company.
ARTICLE y.-All Of the corporate DOW
ers or this corporation shall be vested in
and the management and control of it's
no
directors composed Of four stockholders.
The first Board Of Directors shall con-
Sist OF Nicholas Bellamore, Henry c.
hartmann, Albert II. Amerland, Jr., and
Arthur C.. De Monsabert, all of said d.
rectors being residents of the City of New
orleans, Louisiana, the full age of ma
lority, with Nicholas Bellamore, as presi-
p nens;, henry 7. Hartmann. as first vice.
president; Albert ii. Amerland, Jr., as
second vice-president, and Arthur G, De
MonsaDert, secretary treasurer; who shall
shali mold their respective Offices as Di.
f Ta ana officers until the second Mon
day In January, 1922, or until their sue
cessors shall elect from among their num-
ger, Board Of Directors consisting of four
members. All such elections shall be nv
.. a1t' ana each stakeholder shall be en-
Tilted IN person or by proxy. TO a vote for
every share standing in his name on the
pooSs or the company. All elections shall
pe held under such rules and reguIations
as ast may De determined by the Board of Di-
rectors, and after ten days notica of snoh
election shall have been sent bv mail 70
each stockh0lder at his last known adj
dress. The Directors then elected shall
commune In Office until their successors
shall have been duly elected and onaIi6od
ANY vacancy occurring on said Hoard shall
oe nlled by the remaining Directors for
I'M, ,i,e unexpired term. The said Board shall
caSa Use elect the additional members in
case they should determine to increase The
he
rectors shall at at its first meeting after
Its eiectlon nominate out of its numhar q
piLesiuent, first vice-president, a second
said Roard sha ana eeretary-treasurer
sohaate any two of said officers into one
~ seeregate said officers. Two (2) nj
.eclors snail constitute a Quorum Tor Tho
dam Sa .hpi or all business, and the Presi-
ooln snall De entitled to one vote in all
eases. The said Board of Directors shall
ahe All bylaws, rules and regulations Tor
me government Of the business and aff.irs
cb. tne company, and to alter. amend, and
t nnhse same at pleasure. They shall have
IuII power to buy, SELL morfpape ,aasn
paw, ana pledge any and ali pronertv
seai, personal or mixed, whenever IN tha;;,
S ser they may deem such act neces.
issuance Of obligations or sssuma t the
ssane; 10 make all necessary leases or sinh
ieases, contracts and agreements: hire ON
agents pyy ana discharge all officers, clerks,
aries and compensations: to onen hs an sal
anu establish agencies, and to do ali thinos
necessary for the conduct of tho hmsi
tn g., Inc said Board shall have the right
fcer or ate,o any OF its powers to any Of
tion viIIcers or agents Of this corpore-
sar, ana generally to do all things neces.
an LOT the transaction Of the business
anu ',Io analrs OF the corporation, and no emo
The IS snaIi De considered employed by
ing. WIN In writ
AhilCLE VI.-This act of incorporation
tho oan,. naneeu, modified or amended or
.he capital stock may be Increased or dol
ERASED, by and with the consent ~ two-
tnLus OF All the stock issued ar a gan
erai meeting of the stockholders ceIIad
hy .ne purpose, by written notice mailed
py registered letter to each sbareboider az
MS last known address. at
ARTICLE Vino stockhoIder NJ IN.
corporation shall ever be held iiah,o VI tne
sPonslDle Tor the faults or contracts 90
.nIs corporation In any further sum than
me unpaid balance due the corporation on
me sH ias owned by him; nor shall any
tne effect Of rendering this charter nuIi or
OF exposing stakeholder to apy Iishility
beyond the amount Of his unpaid stool
If any. N"p"iu s'ock'
ARTICLE vIII.-wheneyer this corno-a-
uon may be dissolved by the expiratian ~
10, aiter UT otherwise, the Stockholders
sh elect two (2) liquidators from among
snelr number at a general meeting of The
sstvckhoiders as herein provided. The Ioui.
, uators snail continue In office until min
ilsqu,uation, or the corporation, or in case
al the death OF either Of them the remain
ing nquldator shall continue said Jioui.
ua,I9h until the shareholders shall see ar
" erect successor to fiji such vacancy.
81. ARIiCLE IX.-Fifty thousand dollars
IsoVoU.OO) have been subscribed to the can
''"' STOCK Oh this corporation, as follows:
Nicholas Bellamore, New Orleans T,
.our hundred and twenty-nine share
,ay Iorty.two thousand and nine bundraJ
collars, tS4.29000); Henry G. Hartmann
New Orleans. La, fifty shares. saw t;rs
thousand dollars (s5, 200 .OO): Albert ny ~
Amerland, Jr, New Orleans. twenty sha,as
'hS 'Eo thousand dollars ($2 OOOOO): Ar,
, nur =. de Monsabert, New Orleans. Ia
,me share, say one hundred dollars (s1OOl
o'ai' nfty thousand dollars (s5O,OOO.OO).
', thus done and passed in nv Office at m.
ny OF New Orleans, on the day and dare
lLst ABOVE written, in the presence ~
aarion Kuhn and Ludoyica de Ia Cro;J
'oth OF this City, competent witnessed
mo sign these presents with said annsa,'
rs rs and me. Notary, after due reading Of
tORIGINAL sIGNED):
Name Of subscribers: II
witnesses: Marion Kuhn, L. de Ia Croix. |
TuHn On~rrD~rv4 IL