The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-04
CHARTER OF THE PAUL MoRfhh
BOOkSHOP, INC.

dan pf
oar Lord one thousand nine hundred anu
twenIy-onc and Of the independence Oi tL'
United States of America the one nun
drpdth and forty-siXth, before me- 'oSePiii
sinai "A notary public, duly cominlssIoheua
.pd uuaIitied in and for the Idrlsh VI
orI.,ns therein residing, and i'll the pres
eure OF the witnesses hereinafter haHI'u
and undersigned. personally came ana az
ptared the several persons whose hl.''
are hereto subscribed, VINO dtclaTeu ma
awaiting themselves of the provisions Oh the
laws OF the State of Louisiana relative ~
the organization and formation OF corpora
mons and more particularly OF ACT NO 20,
OF the General Assembly OF the ota'c VI
louisiana for the year l2li, theS nay
u,,IIantpd and agreed, and they 40 os
these presents covenant and agree, Olhu
and obligate themselves, MS Wei as suCn
d, ner persons as may hereafter DecoHlt as
sOciated with them, TO form ana constitute
a corporation and body polite IN law Ior
Tha nhi.cts and purposes and under the
agreements conditions and stpuIatiohs
hereinafter set forth, to-wit:
ARTICLE 1.-The name and style OF TINS
corporation is hereby declared 10 ne 'he
PAUL MORPHI BOOkSHOP, lNC, ana
under such name and title IL snail nav
and enjoy succession and existence lot
period of ninety-n years from uate
nerruf. Ii shall have the power ana au
thority to contract, sue ana DE sueu' anu
to make and use corporate seal ana inc
hold purchase. lease, sell, mortgage
hypothecate and pledge. property, real ana
personal. and mixed, and hOId stOck III
other company or companies that may do-
sist this company in its objects ana pur-
psSes; TO make and issue bonds, notes
certificates of indebtedness, and II desired
To secure the same by mortgage, pledge or
in any other manner; to name eject, anu
appoint managers, directors ana clerks OF
other employees, and to make ana estap-
"a
as may be found necessary or deslraDIt
for the management - the business ana
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 OF
leans. State of Louisiana, where all clta'
ton and other legal processes snail %
served on the President. or, in his absence
upon the Secretary of the corporation.
| ARTICLE Iu-The objects and purposes
for which this corporation is orgahlzea' anu
| the nature of the business to be carried Oh
| by il, are hereby declared to be: TO carr!
| on the business of booksellers, statloners
| bookbinders, engrayers, electrotypers AM
photographers, and to purchase, sell ant
deal i'm such goods and merchandise q
are or may b. sold in a general store, an'
| generally TO do any and all things an'
| matters necessary, convenient and deslr
| able in the furtherance of the above ODJect
| and purposes.
| ARTICLE Iv-The capital stock of thi
| corporation shall be Five Thousand Dollar
| lS50OO OO) divided into and represented b.
| Four hundred and eighty (isO) shares o
| the par value of Ten $1,000 Dollars each
| and Twenty (20) Shares of the par Valu
Of Five 5000 Dollars each.
| The capital stock of this corporation i
| to be represented by preferred and com
| m an ninpfy-piUht n
| or -Four thousand nine hundred dollars
| being the four hundred and ninety share
| of the par value of Ten Dollars each Is 4
| be preferred stock; and Two per cent eco
| or One hundred dollars, being the twent
| shares Of the par value of Five dollar
| each is to be common stock.
| The holders of the preferred stock shall
| be entitled TO receive when and as declared
from the surplus or net profits of the cor
| pOration, yearly nOn-cumulatlve DIVIDEND
| at the rate of ten per centum per annun
| and no more. payable as the Board OF ID
| rectors may determine. All remaining SUI
| plus or net profits of such year, beginnin
| January LIST 1923. and of any other fsca
| wear shall be applicable to dividends upo
the common stock, and payable as IN
Board of Directors may determine. In IN
event of any liquidation or dissolution, o
winding up whether voluntary or involun
taryD of the corporation, the holders of th
| preferred stock shall be entitled 10 b
| paid. out of any assets, up TO the pa
amount of their shares. and after such pay
ment to the holders of the preferred stoc
Il the remaining assets and funds shall
| divided and paid to the holders OF the com
mon stock. according to their respectiy
| shares.
The common stock shall have the CON
plete and exclusive control of the corpors
ton and the exclusive right to vote 8
Stockholders meetings, as shall be hereiI
after provided.
.han hn MAJ do N
the books of the corporation by surrende
of the original certificate properly endorse
for cancellation by the stockholders
whose favor said stock is issued, or D
his duly authorized agent. The capiti
stock of this corporation may, on compl!
ing with the requirements Of law. be IL
crea sed up to One hundred thousand do
lars, or any part thereof.
!, The preferred stock may be redeemed {
retired. in whole or In part, at the optic
, at Ten Per Cent above par. plus any earne
dividend; if retired in part, the same sha
be by lot.
ARTICLE v-AIl the corporate power
: of this corporation shall be vested In an
exercised by a Board of Directors, to
composed of three of the stockholders
the common stock. majority of who
shall constitute a quorum. The Board
Directors shall be elected annually on Il
Tuesday after the First Monday In jan
| udry III edCn year at ID luttlihS VI u
stockholders of the common stock held 9
that day. All elections shall be by ball
and each stakeholder of common stoC
, shall be entitled to one vote for each shal
, of stock standing in his name on the bool
of the corporation, this vote to be ca
in person or by written proxy. Failu
, to elect a Board of Directors, as here
! provided, shall not work a forfeiture
: this Charter. but the old Board of Dire
tors shall remain in office until their SUI
cessors are duly elected and qualified.
4 Any Director who is not able to after
, any meeting of the Board has the right
a Board to act as his proxy. The officers
this corporation shall be a President,
Secretary and a Treasurer; the office
Vice-President may be created by actiC
of the Board of Directors; any two of Il
, officers may be combined and held by OIL
, person. The first Board of Directors
. serve until the Tuesday after the first MOI
! day in January, 1928, or until their su
, cessors are elected and qualified. shall col
I sist of Mrs. Rosalie Nixon. whose pos
= Office address is No. 321S st. Charl
avenue, New Orleans. La; Miss LYDIA
Belden, whose postoffice address is \
r 1112 First street. New Orleans, La. AT
: Mr.. Marcus b. Buford, whose postoffi
q address is No. 2121 Peters avenue, Ne
Q Orleans, La. with the said Mrs. Rosal
. Nixon as President and Treasurer, and ii
Q said Miss LYDIA l.. Belden as Secretary.
Any vacancy in the Board of Directo
may be filled by the remaining Directo
OF said Board from among the stockholde
of the common stock. The Board of It
q reetors shah have the power and authori
+ any ana all property owned by the corpo
: alton. either I'm whole In mart. 70 ~,