The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-01
CHARTER
CHARTER OF THE PAUL MORPHf
HOOKsHOP, INC.

day of the month of July, in the year OF
our Lord one thousand nine hundreu anu
tWenty-One, and OF the independents" OI lhe
United States of America the one nun
dredth and fOrty-siXtn, before me, Joseph
Sinai, a notary public, duly commissioner
and qualified, il ana Tor Ihe IallSH VI
Orleans, therein residing, ana IN the pres
enCe OF the witnesses hereinafter Aahieu
ami undersigned, personally came anu dp-
pearrd the several persons whose names
are hereto subscribed, Who declared ina
ayailing themselves OF the provisions Oh me
laws OF the State Of Louisiana relative TO
tA, organization and formation VI corpora
uOus and NOR. particularly OF ACT NO %
Oh the General Assembly OF the SIdIe VI
Louisiana, Tor the year 1914, lutl haNs
....,uuutrd and agreed, and they do by
these presents covenant and agree Dlhu
and ObliEatc themselves, as wen as SuCh
"uurr persons as may hereafter become as
ISOLATED with them, TO form and constitute
a corporation and body polite III law Tor
The OBJECTS and purposes and under the
agreements, conditions ana supulatlohs
hereinafter set forth. to-Wlt:
ARTICLE THE name ana style Of this
corporation is hereby declared TO be the
PAt.L. MORPHG BOOkSIiOP, INC, and
under such name and title 1t shall have
and enjoy succession and existence Tor
period Of ninety nine years from GATE
hereof. Ii shall have the power ana au-
thOrity to contract, sue and be sued, ana
to make and use a corporate seal, ana the
same to break and alter at pleasure; 10
hold, purchase, lease. SELL MORTGAGE
hypOtheCate and pledge property, real ana
personal and mixed, and hold stock IN
other company or companies that may as
sist this company in its objects ana pur-
poses; 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, elect, ana
appoint managers, directors aud clerks or
other employees and to make ana estaD-
lish such bylaws, rules and regulations
as may be found necessary or desirable
for the management of the business and
affairs of the corporation, and generally
TO do all, every and any other act matter
and thing necessary for the complete ana
proper carrying out of its business.
ARTICLE 1.-THE domicile of this cor
pOration shall be in the City of New Or
leans, State of Louisiana, where all cita-
ton and other legal processes shall be
served on the President, or, in his absence
upon the Secretary Of the corporation.
ARTICLE III-The objects and purposes
for which this corporation is organized, and
the nature of the business to be carried on
by il, are hereby declared to be: To carry
on the business of booksellers, statiOners.
bOOkbinders, engravers, electrOtypers and
photographers, and to purchase. sell and
deal in such goods and merchandise as
are or may be sold in a general store, and
generally to do any and all things and
matters necessary, convenient and desir
able in the furtherance of the above objects
and purposes.
lN-lne capital SlOCh OI lnlS
corporation shall be Five Thousand Dollars
(SJOOO.0Ol. divided into and represented by
Four hundred and eighty (4SO) shares of
the par value of Ten $1,000 Dollars each,
and Twenty COO Shares of the par value
of Five $500 Dollars each.
The capital stock of this corporation is
to be represented by preferred and com
mon stock; ninety-eight per cent (9SFo),
or Four thousand nine hundred dollars
being the four hundred and ninety shares
OF the par value of Ten Dollars each is to
be preferred stock; and Two per cent eco,
or One hundred dollars, being the twenty
shares of the par value of Five dollars
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-cumulative dividends
at the rate of ten per centum per annum,
and no more, payable as the Board of Dr.
rectors may determine. All remaining sur
plus or net profits of such year, beginning
January LIST, 1923. and of any other fiscal
year, shall be applicable to dividends upon
the common stock, and payable as the
Board of Directors may determine. In the
event of any liquidation or dissolution. or
winding up whether voluntary or inyolun-
tary) of the corporation, the holders of the
preferred stock shall be entitled to be
paid, out of any assets, up to the par
amount of their shares, and after such pay
ment to the holders of the preferred stock
the remaining assets and funds shall be
divided and paid to the holders of the COM
mon stock, according to their respective
shares.
plete and exclusive control of the corpora
ton, and the exclusive right to vote at
Stockholders meetings, as shall be herein
after provided.
All transfers of stock shall be made on
the books OF the corporation by surrender
of the original certificate properly endorsed
for cancellation by the stockholders in
whose favor said stock is issued, or by
his duly authorized agent. The capital
stock OF this corporation may, on comply
ing with the requirements of law, be in
creased up to One hundred thousand dol
lars, or any part thereof.
The preferred stock may be redeemed or
retired, in whole or in part, at the option
of the Company, at any dividend period,
at Ten Per Cent above par, plus any earned
dividend; if retired in part, the same shall
be by lot.
ARTICLE YAH the corporate powers
of this corporation shall be vested in and
exercised by a Board of Directors, to be
composed of three of the stockholders Of
the common stock, a majority of whom
shall constitute quorum. The Board Of
Directors shall be elected annually on the
Tuesday after the First Monday in Jan
uary in each year at a meeting of the
stockholders of the common stock held Oh
that day. All elections shall be by ballot
and each stakeholder of common stock
shall be entitled to one vote for each share
of stock standing in his name on the books
or the corporation, this vote to be cast
in person or by written proxy. Failure
to elect a Board of Directors, as herein
provided, shall not work a forfeiture of
this Charter, but the old Board of Direc-
tors shall remain in office until their sue
eessors are duly elected and qualified.
Any Director who is not able to attend
any meeting of the Board has the right to
appoint, in writing, another member of the
Board to act as his proxy. The officers of
this corporation shall be a President, a
Secretary and Treasurer; the office of
Nice-Presdent may be created by action
or the Board of Directors; any two of the
officers may be combined and held by one
f&on. The first Board of Directors To
until the Tuesday after the first Mon.
January, 1923, or until their sue.
ms are elected and qualified, shall con.
or Mrs. Resale Nixon, whose post
Mice address is No. 321S ST. Charles
avenue, New Orleans, La; Miss LYDIA L.
Beiden. whose postoffice address is No
liz First street, New Orleans La. and
Mr; Marcus u. Buford whose postofrice
address Is No. 2121 Peters avenue, New
orleans, La. with the said Mrs Resale
NIXON as PRESIDENT and Treasurer and the
said Miss LYDIA l.. Belden as Secretary.
ANY vacancy in the Board of Directors
may De hlled by the remaining Directors
OF said Board from among the Stockholders
OF the common stock. The Board of M
rectors shall have the power and authority
10 sell, mortgage, hypothecate and pledge
any and all property owned by the Corner
auon, either In whole or In part: TO mr.
chase, lease Or otherwise acquire any nron-
erty Tor the corporation; to make loans
borrow money, issue notes and other obIi
CATIONS the same in any manner permitted