The herald., 1921-12-29
CHARTER.

ditions and stipulation> of the following
articles which they hereby adopt as their
charter. tO-wit:
ARTICLE 1.-The name and title of this
corporation shall be- W. u. Clpary Co..
Inc. and its period Of duration shall be
ninety nine years from and after the
signing Of this charter.
Said corporation shall have for the pur-
poses of the business To be carried on by
IL all the powers conferred by law upon
corporations. and shall generally eNer-
else all the powers necessary to carry on
said business; said corporation shall have
full power to contract, sue and be sued
I'm its corporate name. to make and use
corporate seal. and the same To break
and alter at pleasure: TO hold. receive.
purchase. rent or otherwise acquire. and
to convey, mortgage, hypOthecate. lease.
pledge. sell or otherwise dispose of prop
erty. real, personal and mixed; TO issue
bonds, notes and other obligations; TO
name and employ such managers. direc-
tors. officers. agents and other employees
the interest and convenience Of the
corporation may require and to make
such bylaws. rules and regulations for
the management and control of the cor
poratiOn as the directors may deem fit
and proper.
ARTICLE 1.-THE domiciIe Of the cor
poration shall be In the City of New or
leans La. All citation and other legal
process shall be served on the President
and in case Of his absence or disability
upon the Vice President or Secretary
Treasurer.
ARTICLE III-The objects and pur-
poses for which this corporation is organ
lied and the nature of the business to
be carried on by il are hereby declared
to be: To carry on in the City of New
Orleans, State of Louisiana. and else
where. the business of wholesale dealers
and jobbers in jewelers. supplies. watch
materials, jewelers. tools and merchan-
disc of a similar kind or character. or
in any kind of goods and merchandise
related thereto or in any wise connected
Herewith; and in the course of the said
business, to buy and sell the kinds Of
merchandise and goods above referred to:
and to do all things related to or inciden-
tai to the said business or in any wise
connected Herewith.
ARTICLE IV-The capital of the said
corporation is hereby fixed at the sum
of Ten Thousand Dollars $4,000. 00), con
sisting of One Hundred shares of stock
of the par value of One Hundred Dollars
(s1O0OO) each: one-half of the said capi
tai stock shall be subscribed for at the
signing OF these articles of incorporation
and one-half of the stock so subscribed
for shall be paid in cash before the
remainder of the capital so subscribed
for shall be paid in within twelve months
from the signing hereof
The remainder of the capital stock au-
thorized shall be issued by the Board OF
Directors, as it may determine. at not
less. than par for cash or property re-
ceivcd by the corporation at such value
as may be fixed by the Board of Direc-
tors.
No transfer OF the stock shall be made
except on the books of the corporation
upon the surrender of the outstanding
certificate of stock and pursuant to such
rules and regulations as the Board of
Directors may adopt, and neither sale
or other disposition of the said stock
shall be made by any stakeholder with
out first offering same In writing for a
period of ten days through the Board Of
Directors to the other shareholders at n
price equal to the book value of as shown
by the last preceding inventory.
The capital stocl OF this corporation
may be increased to S100.00O.0O
ARTICLE v-All the powers of this
corporation shall be vested in and exer-
cfsed by Board of Directors to be com
posed of three stockholders elected by
the shareholders at the annual meeting
which annual meeting shall be held in
the City of New Orleans, La. on the Goth
day OF January each and every year
each of the directors shall own at least
one share of stock standing in his name
on the books of this corporation. This
until January 20. 1922. and the first an
nual meeting shall be on January 90 1923;
until the said meeting on January, 20
lob, the officers and the board named In
this charter shall remain in Office. and
shall continue thereafter in Office unt,t
their successors are elected and qualified
at each annual a.reting or ,ne sharehoId-
ers. the said S. s.@holders shall elect from
their number, board composed of three
and all vacancies in the board may be
filled until the next annual meeting bv
the remaining directors; any director may
be represented at any meeting by any
stakeholder by written proxy. As soon
as practical after the said annual meeting
and election of the said board of direc-
tors the said Board OF Directors. shall
elect from its own number President
Nice-President ana Secretary Treas
urer; the failure to hold the annual meet
Ing and to elect directors as aforesaid
shall not affect this corporation nor i'm.
pair its management, but the officers and
directors then in Office shall continue in
office until the successors are elected and
qualified.