The herald., 1921-02-10
CHARTER.
CHARTER OF THE TRIPLE PROOF
LEATHER Betting COMPANY, INC.

CHARTER OF THE IhifLb ThOoH
LEATHER Betting COMPANY, INC.
United States of America, State of Lou
isiana, Parish of Orleans, city Oh New Ut, Ur
leans BE 1t known, That on this thlrd
day of the month of January, In the year
of Our Lord, one thousand nine huhdreu
and twenty one and of the Independence
of the United States of America, the one
hundred and forty fifth, before me, W.
Morgan Gurley, a Notary Public, duly com
missiOned and sworn, In ana ior the ~!
and Parish of Orleans, therein resialns'
and in the presence of the witnesses mere
matter named and undersigned personally
came and appeared, the several persons
whose names are hereinafter subscribed,
all of full age of majority VINO ueGiaanu
that ayailing themselves of the provisions
of the Constitution and laws OIL TINS otdle
relative to the organization or cOrporations
they have covenanted and agreed anu ~
by these presents, covenant ana asree 80 -
form and constitute themselves INTO Co[
poratiOn and body polite in law, Win such
persons as may hereafter become assocl-
ated with them, for the objects ana pur-
noses and under tho articles, agreeheIh.e
and stipulations following. which they
ADOPT as their charter, to-wit:
ARTICLE 1.-The name and style of this
CORPORATION shall be Triple Proof Leather
Telling Company. Incorporated, Win It's
domicile in the City of New Orleans, Lou
isiana, and under that name IL shall nav
privileges granted by law TO corporations;
and shall exist for the full term ana perloe
of ninety mine years from the Date mercer;
1t shall have power TO cohtract, SUI . a.I
be sued; to make and use corporate seal,
and the same to alter or break at pleasure
TO own hold, receive, loan, lease, purchase,
sell and convey, as we'll as mortgage anu
hypothecate and pledge property, Dotn Ieai
and nersonaI and mixed, corporeal ana
incorporeal; borrow money ana issue eNl
dence of Indebtedness, secured ana I'M
secured; TO name and appoint such ihaha
gers directors, officers, agents anu other
empioyees as its interests and convenience
NAV require and to make and establish, as
well as alter and amend, from time 10
time. such bylaws, rules and reguiatio ehs
as NAV be necessary and eXpedient ior tne
proper management and government OF the
AFFAIRS of the said corporation, ana geher,
ally to have, enjoy and exercise an! anu
all rights and privileges gEahteu % ,bis
lowed by the Constitution and laws OF TINS
state to similar corporations, and DO any
and all acts and things necessary TO carry
on its business or that its interest ana coh-
yenience may require
ARTICLE 1.-THE objects and purposes
for which this corporation is lornleu anu Nv,
the nature Of the business to be carried on
by II is hereby declared to De: 10 manu-
facture and deal in leather, leather pert,
ing. and any and all leather goods, and
every kind of betting, and articles thereto
allied or into which leather may enter, OF
be part of: To buy, sell, receive, anenat'
and deal in any and all leather speciaitles
TO tan, treat and prepare, hides, sklns AM
pelts of all kinds and to buy and sell ant
deal in same. Ii shall have the right I,
deal In any nature of merchandise a
wholesale or retail. and to pledge, pawn o.
mortgage any of its property, movable o o.
immoyable personal or mixed, corporea
and ineorporeal and to do all business an'
things, Incidental or pertaining TO sal'
manufacture, merchandise and business
ARTICLE III.-The capital stock of thi
corporation is hereby fixed at the sum .
fifteen thousand (S150OO.OO) dollars, 10 o
divided into and represented by one nun
dred and fifty Q50l shares of the par valu
of one hundred dollars (S1OO.OO) each, pay
able In cash or its equivalent.
The subscription of f. A. Usina, 3Sl
Carondelet Street TO 145 shares OF inc capi
tai stock of this corporation OF the Pa
value of $4,000 per share rs declared 10 o
paid in full as follows: S34OO.OO. In casi
and the balance OF Sl1.lOOOO' is pald %
the delivery TO this CORPORATION Of =. ~,
tached list or inventory OF merchandls'
shop machinery, furniture ana nAtures
which property is appraised by the ID
rectors herein named at the sum OF I'll;
10000. eleven thousand, one hundred 90
lars. ~.
be increased to the sum of one hundre
thousand dollars (s1O0O0000l, divided int
one thousand shares of $4,000 each. I'M
corporation shall be authorized to com
mence business and be going concern a
soon as half of its capital stock has Dee
subscribed and paid for. should an
stockholder desire to sell his stock, he sha
first offer the same to this corporauot
through its Secretary Treasurer at II
book value, and the stockholders VINO u'
sire to purchase shall have the rlgh, !
purchase same In the proportion 10 thei
respective holdings of stock In the com
pany. should any stakeholder not Wish ,
purchase his proportionate share, then al
share shall be offered to the other STOCK
holders proportionate to the number 9
shares owned by them Should this col
poration, or said stockholders. In ten day
after notice having been given in writini
fail or refuse 10 purchase the stock onere
for sale. such stock may be sold to an
one No transfer Of stock shall be made 9
Aeld to be valid and binding unless mad
pursuance TO the provisions OF thi
after and on the books OF the compan.
ARTICLE Iv.-An che corporate power
OF this corporation shall be exercised b
and vested in a Board OF three director
each OF whom shall own In his own nan
at least one share of the capital stock III
pledged. ANY two OF said Directors aha
constitute a quorum for the transaction
all business. The first Board OF Director
is declared to be Il. Aubriel Usina. 81
Carondelet Street. New Orleans, La; Wi
Orleans. La: Il. Aubriel Usina. Jr:, g
West 137th Street, New York, New Yor
with the said +. Aubriel Usina. as Pres
dent and Treasurer.-the said William
Launstein, as vice-President and the Sc
rotary shall be elected by the Board at ]
Which said Board of Directors and o
6cers shall hold their Offices until the mr.
Tuesday in December. 1921. at which TN
and annually thereafter. the stockholdel
shall elect directors and the san oir tSsr
49, n elect the officers as herein pr