The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-24
ADVERTISE IN THE HERALD
CHARTER.

hand, optical goods, photo supplies ana
stationery, the whole as contained in sald |
store No. 5O7 Canal Street and all other |
appurtenances thereto belonging, lnclud-
ing the good will of said business, the
whole of which has been appraised by the |
Board of Directors at the sym. or nfty
thousand dollars, and shall be taken and
accepted by the corporation in payment OF
stock subscribed for like amount.
ARTICLE Iv.-The capital stock of this
corporation IL hereby fixed at the sum
of fifty thousand dollars ($5O,OOOOO) di-
yided into shares Of the par value OF one
of stock shall be full paid and non-as-
sessable 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
ferred in writing only, and no transfer OF
stock shall be binding upon the corpora,
ton unless made upon its books, and all
certificates Of stock shall be signed by
such officers as may be designated by the
Board Of Directors, no stock, however,
shall be transferred on the books, nor
shall any stakeholder have the right TO
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 II they should decide to 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.
ers of this corporation shall be vested in
and the management and control of its
affairs shall be exercised by a Board Of
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.
Orleans, Louisiana, the full age of ma
jority, with Nicholas Bellamore, as presi-
dent; Henry c. Hartmann, as first vice.
president; Albert II. Amerland. Jr, as
| second vice-president, and Arthur G. De
Monsabert, secretary-treasurer; who shall
shall hold their respective offices as Di.
rectors and officers until the second Mon
day In January, 1922, or until their sue
Der, Board of Directors consisting of four
members. All such elections shall be by
ballot, and each stakeholder shall be en-
titled In person or by proxy, to vote for
books of the company. All elections shall
be held under such rules and regulations
as may be determined by the Board of Di-
rectors, and after ten days notice of such
election shall have been sent by mail tc
each stockholder at his last known ad
dress. The Directors then elected shall
continue in Office until their successor,
, shall have been duly elected and qualified
ANY vacancy occurring on said Board shall
be filed by the remaining Directors fol
| the unexpired term. The said Board shall
likewise elect the additional members IL
: case they should determine to increase tn,
number Of said Board. The Board of Di
4 rectors shall at at its first meeting afte
It's election nominate out of its number
I president, first vice-president, a secon,
: vice. president, and a secretary-treasurer
Il ha ri0h 70
4 solidate any two Of said officers into one
or segregate said officers. Tive On Di
e rectors shall constitute a quorum for tn
o Transaction OF all business, and the Presi
. cases. The said Board of Directors shal
: make all bylaws, rules and regulations 70
b the government Of the business and affair
8 OF the company, and to alter, amend an
|. change same at pleasure. They shall hay
l. full power to buy, sell, mortgage, leas,
r pawn, and pledge any and all propert,
e real. personal or mixed, whenever in thei
= Judgment they may deem such act necel
II sary and proper, to issue or authorize til
"a Issuance Of obligations or assume tn
l. same; to make all necessary leases or sui
IS leases, contracts and agreements; hire en-
ploy and discharge all officers, clerk
agents and employees and to fix ali sa
a aries and compensations; to open brancht
70 and establish agencies, and to do all thine
:, necessary for the conduct of the bus
IS ness. The said Board shall have the rigf
le to delegate any of It's powers to any O.
% ncer or officers or agents of this corporf
D. ton, and generally TO do all things nece!
n sary for the transaction of the bushes
ana AFFAIRS of the corporation, and no en-
nc ployees shall be considered employed b
a the year unless contracted with in wri
" ing.
E. ARTICLE yI.-This act Of incorporate
l. may be changed, modified or amended {
q the capital stock may be increased or n,
creased, by and with the consent Of tw,
thirds OF all the stock issued, at a ger
i eral meeting Of the stockholders calle
N Tor the purpose. by written notice MALE
Dy registered letter to each shareholder ,
e his last known address.
o. ARTICLE Vino stakeholder O. n
:, corporation shall ever be held liable or r,
sponsible for the faults or contracts
this corporation In any further sum tina
IN the unpaid balance due the corporation .
9, the shares owned by him; nor shall an
Is mere informality In its organization ha,
he the effect Of rendering this charter null,
D. or exposing a stakeholder to any liabiIit
beyond the amount Of his unpaid stoc
4 IL any.
- ARTICLE vIII.-whenever this corpor
W ton may be dissolved by the expiration ,
"A tnls cnarter or otherwise, the stockholdel
% shall elect two (2) liquidators from anon
" their number at a general meeting Of Il
y stockholders as herein provided. The liqu
= GATORS shall continue In Office until III
liquidation, of the corporation. or in ca,
or the death OF either of them, the remail
Ing 1quidator shall continue said lfqu
dalton until the shareholders shall see
10 elect successor to I'LL such vacancy
ARTICLE IX.-Fifty thousand dolla
txo0,O0O0O) have been subscribed to the ca,
itai stock Of this corporation, as follows
Nicholas Bellamore, New Orleans. La
four hundred and twenty-nine shar
. say forty-two thousand and nine hundre
dollars. ts4290.00); Henry G. Hartman
D New Orleans, La, fifty shares, say q,
q thousand dollars (s5OOO.oO); Albert !
Amerland, Jr., New Orleans twenty share
. say two thousand dollars ($2OO0OO); A,
= thur c. de Monsabert, New Orleans. rs
one share, say one hundred dollars (S1OO
total. fifty thousand dollars ($5O, 0O0.OO) /.
Thus done and passed in my Office at Il
city Of New Orleans, on the day and da
nrst above written, in the presence .
Marion Kuhn and Ludovica de la Croi
both OF this City, competent witnesse
who sign these presents with said appea
ers and me, Notary, after due reading
q the whole.
Y t0RIGINAL SIGNED:
Name of subscribers:
=, Witnesses: Marion Kuhn, L. de Ia Croi