The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-01
CHARTER.
which this corporation is formed are

for which this corporation Is formed are
hereby declared to be:
To manufacture, purchase or otherwise
arouire import, export, lease, sell anu
generally deal in mnslcai ln snd ali sun.
plies articles. appliances ana mal erlaiS
related thereto. or in any manner heeeS'
sary or convenient in said business;
TO Amply for. purchase or Otherwise nc
mira and 10 dispose of patents ana copy
rights in the United States ana else"heIe'
To purchase or otherwise acquire an or
any part of the business, good Will rlS hlS'
property and assets of all KINDS anu as
sumc all or any part of the liabilities OF
any corDoration association, partnership
or DersOn engaged in any business ihcluu'
ed in the foregoing purposes ana ooJe'tS'
To acquire and take over as going CON
Germ and to carry on the business on any
nersOn firm, association or corporation en-
,,aped In the business which this corpora
zion Is authorized to carry on ana III con,
nectiOn Herewith to acquire the Soou- III
and all or any part of the assets ana 10 as
sumo or otherwise provide for all or any
| of the liabilities of the owner or owners
of any such business.
To purchase or otherwise acquire real
estate and leasehOlds, or any interest
| therein. in addition to such as may ne
necessary for the purposes herelnbetore
eXprpssed and to own, hold of improve,
sell and deal in the same, 50 lar as, ana
to the extent that, the same may be done
and performed by corporations orgahZeu
under the General Corporation Act.
To purchase or otherwise acquire real,
mixed and personal property Of any KINDS
that may be lawfully acquired ana held
by corporation organized under the Zen
eral Corporation Act. and in particular
bonds leaseholds. shares of stock. mort
cages, bonds debentures and other Sc,
curities. merchandise. book debts ana
claims, copyrights, manuscripts: trdue
marks. trade names, brands. Labels, patent
| ri igT1
and concessions and any interest i'll real
or personal property.
To sue and be sued to borrow money :;
to make. accept, endorse, execute ana ls-
sue prOmissOry notes, bills OF exchange
bonds, debentureS and other Obligations,
from time to time, for the purchase of
property, or for any purpose in or about
the business of the company, ana To Sc
cure the payment of any such obligation
by mortgage, pledge, deed rtrust, or
otherwise.
To enter into, make, perform and carry
out contracts of every sort and kind which
may be necessary or convenient for the
business of this company, or business Of
a similar nature, with any person. firm,
corporation, private, public or municipal.
body polite under the government of the
United States, or any State, Territory or
Colony thereof, or any foreign government.
ofar as, and to the extent that, the same
may be- done and performed by corpora
tons organized under the General Corpora
ton Act.
To make and use a corporate seal.
The foregoing enumeration of specific
powers shall not be deemed TO limit or re-
strict in any manner the general powers of
the corporations, and the enjoyment and
exercise thereof, as conferred by the Laws
of the State Of Louisiana upon corpora.
tons organized under the provisions of
the General Corporation Act.
To do all and everything necessary.
suitable and proper for the accomplish
ment of any of the purposes or the at
tainment of any of the objects or the
furtherance of any of the powers herein
before set forth. either alone or associated
with other corporations, firms or 1ndlvld-
ualS, and to do any other act or acts
thing or things incidental or pertaining
to, or growing out of or connected with
the aforesaid business, or powers, or any
part or parts thereof provided the same
be not Inconsistent with the laws under
which this corporation is organized.
ARTICLE III-The domicile of this cor
poration shall be in the City of New Or
leans. Parish of Orleans, State of Louis
lana, and all citations and other legal pro-
cess shall be served upon the president of
this corporation, or, in case of his alb
sence upon the vice-president, or in case
of the absence of both of these officers, up
on the secretary-treasurer.
ARTICLE IY-The capital stock of this
corporation is hereby declared to be TWEEN
ty-four thousand (s2i.OOO.OO) dollars. which
may be increased to two hundred fifty
Said capital stock of twenty -four thous-
and (S24,OOO) dollars is divided into two
hundred forty (24O) shares of one hundred
tsloVOol dollars each, of which one hun
thousand (S1O.OOO.OO) dollars, are to be
preferred stock and one hundred forty
liOl shares, or an aggregate of fourteen
thousand t$14,OOO.00) dollars, are to be
common stock. Said capital stock is to be
paid for as the law provides in cash. or
the same may be issued at not less than
par in payment or exchange for property
rights actually received or purchased by
salu corporation in accordance with law.
The holders of the preferred stock shall
be entitled to receive dividends at the rate
OF seven per cent (1T) per annum, pay
sole seml-annually on such dates as may
De determined by the board of directors,
out OF any and all surplus or net profits
before any dividends shall be declared set
apart Tor or paid upon the common stock
SAID dividends on the preferred stock
snail De cumulative, so that if the corpora
ton shall fail in any fiscal year to pay
such dividends on all of the issued and
outstanding preferred stock, such defici-
eney IN the dividends shall be fully paid,
out without interest before any dividend
snail be declared, set apart for or paid
upon the common stock. Subject to the
foregoing provisions, the preferred stock
shaII not De entitled to participate in any
other or additional earnings or profits of
the corporation.
In the event of the dissolution or liaui-
uatlOn or the corporation, or the sale of
all its assets. whether voluntary or inyol-
untary, or In event of its insolvency or
any distribution of its capital, there. shall
be paid to the holders of the preferred
STOCK the par value thereof, to-wit: one
hundred dollars ($1OO.OO) per share, and
the amount of all unpaid accrued dividends
thereon, before any sum shall be paid or
any assets distributed among the holders
OF the common stock; and after the paw
ment TO the holders of the preferred stock
OF It's par value and the unpaid accrued
dividends thereon, the remaining assets
ana funds of the corporation shall be di
vlded among and paid to the holders of
tne common stock according to their re-
spective shares.
The board of directors NAV i'm their dis
cretlon declare and pay dividends on the
common stock cOncurrently with dividends
on the preferred stock for any dividend
period OF any fiscal year. when sucb
dividends are applicable to the common
STOCK, provided that all accumulated divi
uehds on the preferred stock for all nre
vious hseal years and all dividends on the
preferred stock for previous dividend
paid in full. nave oeeh
me preferred stock of said corporation
anu the common stock shall have the same
VOtlng power, to-wit: one Oh vote for each
snare or stock, which vote NAV he cast
py the stakeholder in person or by proyy
ut all general elections nr