The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-31
CHARTER.

Street in the City of New orleans WIN
all and singular, the machinery hhPte
meuts. tools furniture, fixtures, stocA On
hand, optical goods, Photo supp t i9 aid
store No 1O7 Canal Street ana all otheI
thereto bel0nslhg, lneia nv
ing the good will of said business, nv
rrLoIe of which has been appraised DE the
pnord Of directors at the sum or nitS
tL"usand dollars, and shall be taken anu
arcented by the corporation in payment Vi
stock subscribed for like amount
ARTICLE IV.-The capital stock Of tms
CORPORATION ID hereby hAed at Ihe sun M
of nifty thousand dollars sJo,Vvo.ovs na
,,idad into shares of the par value Oh one
hundred dollars (Sl00OD each. All shaIes
81 stock shall be full paid ana hOh-as1,
sessable when issued, and shalI oe imU
only for labor done, or properly a: az nrri
received or money 10 De pau III -
amounts and at such times as ma! pc
determined by the Board of directors. Inc
stock of this corporation shall Oe 80
ferred in writing only, ana no TRANSIT I',nrol
stock shall be binding upon the corpora,
tion unless made upon its BOOKS, anu an
certifcates of stock shall be signed o!
such officers as may be designated .! VI.
Board of Directors, no sIoch; nor
shall any STOCKHOLDERS have the rlgnt 10
sell his stock until he has hrst ohtleu'
through the Board of Directors, the stoSh
for sale to the other stockholeer on an
crease of the capital stock, the addltlohai
shares shall be first offered to the stoch
holders. and if they should decide TO puL-
chase the stock, then eacn Oh thc
holders shall have the right 10 PartlSlPaee
In the purchase to the extent OF the PRIV
portion of his holdings in the company.
ARTICLE V-Al of the corporate pow
ers of this CORPORATION shall be vested IN
and the management and cohtr0i Oh ne
affairs shall be exercised by boaru VI
Conn =tnf
The nrst Board of Directors shall con-
sist of Nicholas Bellamore, henry =;
Hartmann Albert Ii. Amerland, Jr.' anu
Arthur c De Monsabert, all OF SAID ul-
rectors being residents of the City OF New
orleans Louisiana, the full age OF ma
iority, with Nicholas Bellamore, as presl-
dent; Henry .. Hartmann, as hrst vice
president; Albert H. Anertanu, q ne
second vice-president, and Arthur Z. De
MOnsabert, secretary treasurer; VINO shaii
shall hold their respective oflces as III
rectors and officers until the second Mon
day in January, W., or unth tnsir nuI
cessors shall elect from among their num-
Der n Board of Directors consisting OF TOUR
members. All such elections snail De d!
ballot and each stakeholder shall be en-
titled in person or by proxy 10 'o.e III tHa
every share standing in his name on the
books of the company. All elections shalI
be held under such rules and regulations
as may be determined by the Board OF d.
rPptOrS,
election shall have been sent by mail TO
each stakeholder at his last known az,
dress The Directors then elected snail
continue in Office until their successors
shall have been duly elected and quallned
ANY vacancy occurring on said Board shall
be filled by the remaining Directors 1or
the unexpired term. The said Board snail
likewise elect the additional members in
case they should determine to increase the
number of said Board. The Board Of Di-
rectors shall at at its first meeting after
its election nominate out of its number a
president a first vice-president, second
vice president, and a secretary treasurer
Said Board shall have the right to CON
| solidate any two of said officers into one,
or segregate said officers. Two ~ d.
| rectors shall constitute a quorum for the
| transaction of all business, and the Presl-
dent shall be entitled to one vote in all
| cases The said Board of Directors shall
make all bylaws, rules and regulations Tor
| the government of the business and AFFAIRS
| of the company, and to alter, amend, and
| change same at pleasure. They shall have
| full power to buy, sell, mortgage, lease,
| pawn, and pledge any and all property
| real, personal or mixed, whenever in their
| Judgment they may deem such act neces-
| sary and proper. to issue or authorize the
| issuance of obligations or assume the
| same; to make all necessary leases or sub
leases, contracts and agreements; hire. en-
ploy and discharge all officers, clerks
agents and employees and to fix all sal
aries and compensations; to open branches
and establish agencies, and to do all things
necessary for the conduct of the bust
ness. The said Board shall have the right
TO delegate any Of its powers to any of
ficer or officers or agents of this corpora
ton, and generally to do all things neces-
sary for the transaction of the business
ployees shall be considered employed by
the year unless contracted with in writ
ing.
| u VT To,
may be changed, modified or amended oil
the capital stock may be increased or de-
creased, by and with the consent Of two
thirds Of all the stock issued. at a gen
for the purpose, by written notice mailed
by registered letter to each shareholder al
his last known address.
ARTICLE VII-No stakeholder of the
corporation shall ever be held liable or re
sponsible for the faults or contracts OF
this corporation In any further sum thar
the unpaid balance due the corporation or
the shares owned by him; nor shall any
mere informality In its organization hav,
the effect of rendering this charter null OF
Of exposing a stakeholder to any liability
beyond the amount of his unpaid stock
II any.
ARTICLE vIII.-whenever this corpora
ton may be dissolved by the expiration o.
this charter or otherwise, the stakeholder,
shall elect two (2) liquidators from among
their number at a general meeting of the
stockholders as herein provided. The liqui
dators shall continue in office until full
| liquidation, Of the corporation, or in cas-,
of the death Of either Of them, the remain
ing liquidator shall continue said liQui
dation until the shareholders shall see ii
to elect successor to I'LL such vacancy.
ARTICLE IX.-Fifty thousand dollars
| l$50.OOO.OO) have been subscribed to the cap
ital stock Of this corporation, as follows:
Nicholas Bellamore, New Orleans, La.
four hundred and twenty-nine share
say forty-two thousand and nine hundred
dollars, (S4.290OO; Henry c. Hartmann
New Orleans. La, fifty shares, say fiv,
thousand dollars ($5O00.O0); Albert II
Amerland, Jr., New Orleans, twenty shares
say two thousand dollars ($2 OOOOO): Ar
| thur c. de Monsabert, New Orleans, La.
one share, say one hundred dollars (SIOO)
total, fifty thousand dollars (S50,OOOOO).
Thus done and passed in nv Office at tn,
City of New Orleans, on the day and dat,
hrst above written, in the presence O.
Marion Kuhn and Ludovica de la Croix
both OF this City, competent witnesses
who sign these presents with said appear
ers and me. Notary. after due reading O
the whole.
/ (oRIGINAL SIGNEDJ:
Name Of subscribers:
Witnesses: Marion Kuhn, L. de Ia Croix