The herald. [volume] (New Orleans, La.) 1905-1953, 1921-02-03
CHARTER.
CHARTER OF THE TRIPLE PROOF
LEATHER Betting COMPANY, INC.

United States of America. State Of Lou
isiana, Parish of Orleans, city OF New VI
leans Be it known, That on TINS tnlrd
day of the month of January. In the year
Of Our Lord, one thousand nine hundreu
and twenty lone, and of the independent
of the United States Of America, the one
hundred and forty fifth, before IN, me- COM w.
missioned and sworn, in and for the Slty
and Parish of Orleans, therein resiplnS'
and in the presence of the witnesses heI It.
Inafter named and undersigned, personally
came and appeared, the several persons
whose names are hereinafter subscribed,
all of full age OF majority, VINO ueIiaau
that, availing themselves OF the ptoSiSS, tats
Of the Constitution and laws OF this state
relative TO the organization OF corporations
they have covenanted and agreed anu 10 t
by these presents, covenant ana aBree W
form and constitute themselves into vi
noration and body polite In law, with such
persons as may hereafter become associ-
ated with them, for the objects anu Put
poses and under the articles agreen thaS
and stipulations fonowlng, Which 'He'
ADOPT as their charter, to-wh'
ARTICLE 1.-The name and style of this
corporation shall be Triple Proof Leather
R,lting Company, Incorporated, WIN lts
domicile in the City of New orleans; LOU
isiana, and under that name II shall nav
and enjoy all the rights, advantages anu
privileges granted by law to corporations;
and shall exist for the full term ana perloa
of ninety nine years from the date hereoi;
IL shall nave power u NOhlAoNt'
be sued to make and use corporate sea-,
and the same to alter or break at pleasure'
to own, hold, receive, loan, lease, purehaseS;
sell and convey, as wen as mortgage anu
hypothecate and pledge property, both reai
and personal and mixed, corporeal anu
incorporeal; borrow money and issue evl-
dence of Indebtedness, secured anu un
secured; to name ana appolnt su ana naher
employees as its interests and convenience
may require. and to make and establish as
we'll as alter and amend, from time 10
time, such bylaws, rules ana reguiatioth .
as NAV be necessary and eXpedtent Tor the
proper management and government OF the
affairs of the said corporation, ana geher,
ally to have, enjoy and exercise ntsd any Sr al.
lowed by the Constitution and laws OF TINS
State to similar corporations, ana 90 any
and all acts and things necessary 10 carr am
on its business or that It's interest," anu ''n
yenience may require.
ARTICLE 1.-THE objects and purposes
FOR which this corporation is formed and
the nature Of the business to be carried on
by IL is hereby declared to pc: 10 manu-
facture and deal in leather, leather pert;
ing. and any and all leather goods, anc
every kind of betting, and articles tneret'
allied or into which leather may enter, o.
he part of: To buy, sell, receive, alienat'
and deal in any and all leather specialtles
70 tan. treat and prepare, hides, skins an'
pelts of all kinds and to buy ana sell am
deal In same. 1t shall have the right ).
deal In any nature OF mercnanulse a a
wholesale or retail, and to pledge, pawn o
mortgage any of its property, movaDle .
immoyable, personal or mixed, corporea
and ineorporeal and to do all business an
things, incidental or pertaining 10 sai
manufacture, merchandise and business.
ARTICLE III.-The capital stock Toe of. Of th !
corporation is hereby fixed at the sum Q
ffteen thousand ($150OO0OD dollars, TO
divided into, and represented by one nun
dred and fifty Q5Ol shares Of the par Valu
of one hundred dollars C$lOoVo) eacn' pay
able in cash or its equivalent
The subscription of L. A. Usina, 33i
Carondelet Street to las shares OF the capl
tai stock of this corporation or the pa
value of $4,000 per share Is o aeS cn " ~
and the balance of $l1.1OO.OO, is paid o
the delivery to this corporation OF TN
property detailed and itemized on the a.
shop machinery. furniture and fixture;
which property Is appraised by the ~
rectors herein named at the sum OF 81
10000, eleven thousand, one hundreu 40
lars. ,,..,. v,.
be increased to the sum OF one hundre
thousand dollars 0O,OO0.O0l, divided I'M
one thousand shares OF $1,000 each. I'M
corsoration shall be authorized to com
mence business and be going concern u
soon as half OF its capital stock has pee
subscribed and paid for ., shop hc s Sn
first offer the same to this corporation
throurh its Secretary Treasurer at II
hook value and the stockholders who d.
sire TO purchase shall have the right
purchase same In the proportion TO thel
respective holdings Of stock In the CON
pany should any stakeholder not wish
purchase his proportionate share, then d.
share shall be offered to the other stoci
holders proportionate TO the NUMBER
/. shares owned by them. Should this co
poration OF said stockholders, in ten day
4 after notice having been given In writing
fail or refuse TO purchase the stock ouere
Z for sale, such stock may be sold TO an
one No transfer of stock shall be made {
4 held to be valid and binding unless mac
In pursuance TO the provisions OF Tn
charter and on the books Of the compan
n ARTICLE Iy.-AIl the corporate powe
n of this corporation shall be exercised !
and vested in a Board of three Director
g each OF whom shah own in his own nan
at least one share of the capital stock a
\ pledged. Any two Of said Directors sha
constitute a quorum for the transaction
all business The first Board Of Directo
Is declared to be Il. Aubriel Usina, 81
4 Carondelet Street. New Orleans, La; WI
S. Launstein, AGO Arts Street. Ne
\rieans. La; +. Aubriel Usina, Jr. o
est 137th Street, New York, New Ior
nth the said +. Aubriel Usina. as Pre-:
dent and Treasurer. the said William
n Launstein, as Vice President, and the Sc
y rotary shall be elected by the Board at
Il first meeting.
\ Which said Board Of Directors and q
ficers shall hold their Offices until the fir
Tuesday in December, 1921. at which tir
and annually thereafter. the stockholde
shail elect directors, and the said directo
/. hail proceed as soon as possible thef