The herald. [volume] (New Orleans, La.) 1905-1953, 1921-05-05
CHARTER OF GEORGE MOROY CIGAR
AND TOBACCO COMPANY, INC.

CHARTER OF GEORGE MOROY CIGAR
AND TOBACCO COMPANY, INC.
State of Louisiana, Parish of Orleans.
City OF New Orleans, be 1t known, that
on this 9th day of April, in the year of
our Lord, Nineteen Hundred and Twenty
one and Of the Independence Of the United
States of America the One hundred end
Forty Fifth Before me, Warren V. Miller.
a Notary Public, in and for the Parish
of Orleans. Louisiana, and in the pres
ence of the witnesses hereinafter named
and undersigned, personally came and ap-
peared the several persons whose names
are hereinafter subscribed all of full age.
who declared unto me, Notary, that avail
ing themselves of the Laws of the State
OF Louisiana relative to the organization of
Corporations, they do by these presents
contract, agree, covenant stipulate and
bind themselves, as well 81 such persons
| as NAV hereafter become associated with
them, to form and constitute a corporation
, and body polite in law, for the objects
and purpOces and under the stipulations
hereinafter set forth. tOwlt:
ARTICLE 1.-The name and title o: this
Corporation shall be: George Moroy Cigar
| and Tobacco Company, Inc, and under
| such title. ii shall have and enjoy sue
cession and existence, for period of
4 ninety-nine years from date hereof: the
domlcile OF this corporation shall be in
the City of New Orleans, State of Louis
| lana, where all citations and other legal
process shall be served upon the President
| or in his absence upon the Vice President.
| or in the absence Of both President and
Vice President, upon the Secretary.
ARTICLE 1.-THE capital stock of this
| corporation is hereby fixed at the sum of
| Twenty Thousand Dollars $50 600 CO., all
! sented by Two Hundred Shares of the
| par value of One Hundred (s10O.O0) Dol
| lars each. Stock may be paid for in
| money, in services rendered to the Corpora
| tion. or in property and good will, regu-
| larly transferred to the Corporation, all
as shall be determined by the Board of
Directors.
ARTICLE IH-The objects and pur-
| poses of this corporation and for which
II is organized, are hereby declared to be,
to purchase and sell, both at retail and
wholesale, cigars, tobacco, smokers sup.
plies, and like articles; to do a general
jobbing and mercantile business; to main
tain and operate both jobbing and retail
| establishments for the sale Of the COM
modities In which this concern may deal:
to buy, and sell at either wholesale or
retail all commodities generally handled
in the general business of jobbing in the
cigar and tobacco line, as well as those
things generally handled in the corporation
of retail cigar and tobacco stores, and to
| maintain and operate any and all such
accessories as are generally found in retail
! cigar stores; and in general to do any
and all acts pertaining or germane to the
above and foregoing purposes.
ARTICLE IV.-It is further a part of
mutual agreement under which the stock
holders herein have entered into and form
ed this corporation, and which is made
binding covenant between them, their
heirs, assigns, administrators, associates
and successors each party hereto contract
| ing, coyenanting and binding himself
heirs and assigns that each and every
stakeholder before being allowed to make
any sale Of stock owned by him in this
Corporation, must and shall first offer
| same TO the stockholders then of record
| at price not to exceed the value thereof
| as determined by the books of this cor
poration. which said offer shall be open
! for period of fifteen days, and such
tockhOlders as desire to purchase said
| stock shall be permitted to purchase a
proportion of the stock so offered, in ac-
eordance with the amount of stock he
4 holds in proportion to the total amount
held by all stockholders Offering to purchase
| 1t is understood that at the expiration of
| fifteen days from such offer of sale by
! the stakeholder. the selling stakeholder is
! relieved of all disabilities imposed upon
him by this article. 1t Is further mutually
| covenanted and agreed that this article
cannot be amended without the unanimous
/ consent of all stockholders of record.
| ARTICLE v.-The corporate powers of
| TINS corporation are expressed and set
! forth by Section seven of Act 267, of the
Louisiana Legislature, for the year 1914
| and all corporate powers shall be duly en-
ployed by and vested in a board of three
Directors, a majority of whom snail con-
| stitute quorum for the transaction of
| all business. The first Board of Direc.
tors shall consist of and be George Mo-
roy: 200 Magazine ST.; Henry p. Pfeffer,
200 Magazine St.; George II. Mes, 1900
Magazine St., and from said Board there
President ce-President and Secre-
| tary- Treasurer and George Moroy shall
be President Henry p. Pfeffer, Vice
President. and George II. Mes, Secretary
Ulcers shall serve as such until the first
Monday in June, 1922. or until their Sue
cessors are elected and qualified. Meet
ings of the stockholders for the election
of directors shall be held yearly, on the
first Monday in June. beginning with the
year 1922; the Board Of Directors shall
have the right to elect without reference
to stockholders meeting. any stockhold-
er to be a director, whenever a vacancy
shall exist. on the Board Of Directors.
through death or resignation. The duties
of the several officers shall be set forth
in the bylaws Of the Corporation which
may be adopted by the Board of Directors,
and amended or altered at their will.
ARTICLE VINO stakeholder Of this
corporation shall ever be liable for any
debt of the corporation other than the un-
paid portion Of their subscription to
stock; and no informality herein shall
subject them to such liability.
ARTICLE VII.-Amendments to this
charter or liquidation of the corporation
shall be subject to the rules laid down in
Act 267 Of the Louisiana Legislature, of
1914. The capital stock of this corpora
ton may be increased by amendment to
any sum decided by the stockholders, but
not to exceed the sum of One Hundred
Thousand ($100.OOO.O0) Dollars
Thus done and signed, on the day and
date first hereinabove written, in the City
of New Orleans. in the presence of G. o.
Sperier and Prentice z. Burlington, Jr
competent witnesses and me, Notary, after
due reading of the whole the subscrib-
ers setting opposite their names the
amount Of stock they subscribed for, max
ing this an original subscription list.
Original Signed) Geo. Moroy, 916 Sec
/ ond St. New Orleans, La, one share;
Henry p. Pfeffer. 621 st. Andrew ST., New
Orleans, La, one share; Geo. H Mes,
1923 Prytania St., New Orleans, La, one
share.
(Signed)
Witnessee; c. o. sperier, Prentice l.
Burlington, Jr.
(Signed) WARREN v. MILLER.
Notary Public.
I, the undersigned, Recorder of Mort
cages, In and for the Parish Of Orleans
State of Louisiana, do hereby certify that
the above and foregoing act Of incorpora-
ton of the Geo. Moroy Cigar and Tobacco
Co., Inc, was this day duly recorded in
my office in Book 1888, Folio 1896.
New Orleans, April 18th. 1921.
(Signed) ROBT. SCOTT, Dy. Re.
A true copy Of the original on file in my
office.
(sisned) WARREN v. MILLER.
Notary Public.
April 2-May 26.