The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-25
CHARTER OF THE PAUL MORPHY
BOOkSHOP, INC.

UNITED STATES OF AMERICA.
STATE OF LOUISIANA, PARISH OF
ORLEANS, CITY OF NEW ORLEANS
BE it known, That on this the twentieth
day of the month of July, in the year OF
our Lord one thousand nine hundred and
t"enty-one, and Of the Independence of the
United States of America the one hun
dredth and forty-sixth, before me- Joseph
Sinai, notary public, duly commissioned
and qualified, in and for the Parish of
Orleans, therein residing, and in the pres
ence of the witnesses hereinafter named
and Undersigned, personally came and ap-
peared the several persons whose names
are hereto subscribed, who declared that
awaiting themselves of the provisions Of the
laws OF the State of Louisiana relative to
the organization and formation of corpora
lions, and more particularly of Act No. 261
Oh the General Assembly of the State of
Louisiana, for the year 1914, they have
o'enanted and agreed, and they do by
THESE presents covenant and agree, bind
ana obligate themselves, as well as such
o'her persons as may hereafter become as
soclated with them, to form and constitute
a corporation and body polite in law for
the OBJECTS and purposes and under the
agreements, conditions and stipulations
hereinafter set forth. to-wit:
ARTICLE THE name ana style Of this
corporation Is hereby declared to be the
PAUL MORPHY BOOKSHOP, INC, and
under such name and title it shall have
ana enjoy succession and existence for a
pefiod or ninety-nine years from date
nereof. 1t shall have the power and au-
thority to contract, sue and be sued, and
10 make ana use corporate seal, and the
same TO break and alter at pleasure; to
mold, purchase, lease. sell, mortgage
hypothecate and pledge property, real and
personal, and mixed, and hold stock in
other company or companies that NAV as
slst this company in its objects and pur-
psses;, to make and issue bonds. notes
t &c OF Indebtedness, and il desired,
10 secure the same by mortgage, pledge, or
In any other manner; to name, elect and
appoint managers, directors and clerks or
other employees, and to make and estab-
llsh such bylaws, rules and regulations
as may be found necessary or desirable
Tor the management Of the business and
affairs of the corporation, and generate
10 40 an, every and any other act, matter
and thing necessary for the complete and
proper carrying out of it's business.
ARTICLE 1.-THE domicile of this cor.
poration shall be in the City of New Or
leans. State Of Louisiana, where ali cita-
ton and other legal processes shall be
served on the President, or, in his absence
upon the Secretary of the corporation.
ARTiCLE 1II-The objects and purposes
Tor which this corporation is organized and
the nature of the business to be carried ON
Dy IL, are hereby declared to be: To carry
on the business Of booksellers. stationers
v,ookolnders, engravers, electrotypers and
ii onf and to purchase. sell and
a
are or may be sold in a general store, and
seneraliy TO do any and all things and
matters necessary, convenient and desir.
aole IN the furtherance Of the above objects
and purposes. o''ee's
ARTICLE IV-The capital stock of tb,s
corporation shall be Five Thousand Doliars
,SooVOoO), divided into and represented hv
a. ur hundred and eighty (4SO) shares n,
the par value of Ten $4,000 Dollars each
and Twenty COO Shares of the mar vaime
OF rive 5000 Dollars each.
Inc capital stock Of this corporatiop 20
10 De represented by preferred and corn
on STOCK n1nety-eight per cent (QSoZl
Or rour thousand nine hundred doIIaps
oeing the four hundred and ninety sharor
ooI the par value of Ten Dollars each Is 80
oe preferred stock; and Two per cent fooz.S
or one hundred dollars, being the twern 20,
s s OF the par value of Five dolIans
Tho Is 70 De common stock.
me holders Of the preferred stock shan
,s entltled to receive when and as decIared
,rvm the surplus or net profits of the cor |
PoIauon, yearly non-cumulatiye dividand,
~ the rate OF ten per centum per annnm
ano no more, payable as the Board ne M
rectors may determine All remaining snr
PIus or net profits Of such year. beoinn;n.
anuary LIST, 1923, and Of any othar sca95
ear snail be applicable to dividends nnan
NE common stock, and payable as The
so.ao OF Directors may determine. In The
vent OF any LIQUIDATION or dissoIutior =,
'Anoine up whether voluntary or invoiun-