The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-11
CHARTER OF THE PAUL MORPHY
BOOKSHOP, INC.

UNITED STATES OF AMERICA.
STATE OF LOUISIANA, PARISH Of
ORLEANS, CITY OF NEW ORLEANS
BE it known. That on this the twentieth
day of the month Of July, in the year Of
our Lord one Thousand nine hundred and
twenty one. and Of the Independence of the
United States of America the one hun
dredth and forty sixth, before me, Joseph
and qualified, in and for the Parish Of
Orleans, therein residing, and in the pres
ence OF the witnesses hereinafter named
and undersigned, personally came and APP
are hereto subscribed, who declared that.
availing themselves of the provisions Of the
laws of the State Of Louisiana relative to
the organization and formation Of corpora
lions, and more particularly Of Act No. 261
OF the General Assembly Of the State OF
Louisiana, for the year 1914, they have
covenanted and agreed, and they do by
these presents covenant and agree, bind
and obligate themselves, as well as such
other persons as may hereafter become as
corporation and body polite In law for
the objects and purposes and under the
agreements, conditions and stipulations
hereinafter set forth. to-wit:
ARTICLE 1.-The name ana style Of this
corporation is hereby declared to be the
under such name and title 1t shall have
and enjoy succession and existence for a
period of ninety nine years from date
hereof. 1t shall have the power and au-
to make and use corporate seal, and the
same to break and alter at pleasure; to
hold, purchase, lease, sell, mortgage
hypothecate and pledge property, real and
personal. and mixed, and hold stock In
other company or companies that may as
sist this company in its objects and pur-
poses; to make and issue bonds, notes
certificates of Indebtedness. and II desired,
to secure the same by mortgage, pledge, Oh
in any other manner; to name, elect, and
other employees, and to make and esteb-
lish such bylaws, rules and regulations
as may be found necessary or desirable
| for the management Of the business and
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 Or
leans. State Of Louisiana, where all cita-
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, and
the nature OF the business to be carried on
by 1t, are hereby declared to be: Toacarry
on the business Of booksellers, stationers
bookbfnders. engravers, electrotypers and
photographers, and to purchase sell and
zeal In such goods and merchandise az
are or may be sold in a general store. and
generally to do any and all things and
matters necessary, convenient and desir
able In the furtherance Of the above objects
and purposes.
ARTICLE IV-The capital stock of thi,
corporation shall be Five Thousand Dollars
| lx5OOO.OO). divided into and represented by
-Four hundred and eighty (4SO) shares OF
the par value Of Ten $1,000 Dollars each
and Twenty (20) Shares of the par yaIu,
Of Five ($500) Dollars each.
The capital stock Of this CORPORATION 4,
to be represented by preferred and com
mon stock: ninety eight per cent (9SoL,)
or -Four thousand nine hundred dollars
being the four hundred and ninety share,
OF the par value Of Ten Dollars each is h
be preferred stock; and Two per cent (2Z,1
or One hundred dollars, being the invent,
shares OF the par value Of Five doIIar
each fs to be common stock.
The holders Of the preferred stock shall
be entitled to receive when and as decla rod
from the surplus or net profits of the cor.
poxation, yearly non-cumulative dividend,
q the rate Of ten per centum per annum
ana no more. payable as the Board Of Di
fectors may determine. All remaining sur
plus or net profits of such year, beginnina
January LIST, 1923. and Of any other fiscsl
year. shall be applicablA to dividends upor
tne common stock, ana payable as TN
Board Of Directors may Determine. In ths
event OF any liQuidafton o. dissoIution. o1
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