The herald., 1922-11-23
CHARTER

S1Ah len
hypothecate and pledge property. real,
personal and mixed, corporeal ana IN
corporeal; to name and appoint such
managers, directors, OFFICERS, agents
and other employees as us interests
and convenience may require, and TO
make and establish, as well as alter
and amend, from time to time, such
bylaws, rules and regulations as may
be necessary and expedlent Tor lne
proper management and government Oh
the affairs of said corporation
ARTICLE 1.-THE domicile of this
corporation is hereby fixed in the city
of New Orleans, State OF louisiana,
and all citations or other legal process
shall be served upon the President OF
this corporation, or, in his absence
upon it's Secretary-Treasurer, or Vice
President.
ARTICLE IGI-The objects and pur-
poses for which this corporation is or
ganized and the nature of the business
to be carried on, are declared to be: To
buy and sell, handle, make and manu-
facture furniture, OF every character
and descriptions; to buy and sell in re-
tail or wholesale rugs, carpets, floor
covering of all kinds, ornaments and
toys. and generally all household goods
and effects of every kind and descrlp-
, ton, and to establish branch stores In
other Parishes of Louisiana TO carry
and engage in any other business, UNI
dertaking or enterprise connected with,
| germane or incidental to the objects
! and purposes hereinabove set forth or
| completed by this character.
ARTICLE IV.-The capital stock of
! this corporation shall be ten thousand
| dollars $4,000. COZ, divided into and
! represented by one hundred (lOO)
shares of the par value of one hum
| dred dollars (S100.00) EACH to be paid
in cash; which capital stock may be
increased to twenty-five thousand dol
! lars (S25, 100000, which stock shall be
| paid for in cash or in property or it's
equivalent; or, if not in cash, then the
| Board of Directors of this corporation
shall determine the value of such equiv
| alent offered.
ARTICLE V.-All the corporate pow
| ers of this company shall be vested in
and the management and control of its
affairs shall be exercised by Board
of Directors composed of three stock
| holders. A majority of said directors
| shall constitute quorum for the trans
action of all business. The directors
shall be elected annually by the stock
holders on the Third Tuesday of jan
uary in each year. Each stakeholder
/ shall be entitled, in person or by proxy,
| to vote for every share owned by
| him. and all elections shall be held
under such rules and regulations as
may be determined by the Board of
Directors after fifteen days notice by
mail of such election shall have been
sent to each stakeholder at his last
known address. All voting shall be by
ballot. The directors thus elected shall
continue in office for one year, or I'M
til their successors shall have been
duly elected and qualified. Any va
cancy occurring on said board shall be
| filled by the remaining directors for
the unexpired term; the said board
| shall likewise elect the additional
| members in case they should deter
mil N he of
| board; and all officers and employees
| shall hold office at the pleasure of the
| board, and all officers, directors and
| employees shall also hold office at the
| pleasure of the stockholders, who may
diSplace or elect the successor of any
| one or all of them at any time at a
meeting called for that purpose by no.
| tice delivered personally to each stock
addressed to each stakeholder at least
| five days before such meeting.
The President may at any time call
! such meeting. and If the President or
officers of the corporation refuse or
fail to call such meeting when re-
quested by the holder or holders of ten
per cent of the capital stock outstand-
| ing, then such holder or holders of
| stock may personally. or through
proxy. call such meeting to be held at
! the office of the corporation. If for
any reason the use of the office of the
i corporation is refused, or IL cannot be
used for such meeting, then the caller
or callers of such meeting may. acting
4 either personally or through proxy, ad-
journ said meeting elsewhere and there
hold it,
The first Board of Directors shall be
composed of Isaac Weiner, whose post
office address is 139 Delaronde street
New Orleans, Louisiana; Benjamin
Bienn, whose postoffice address is 20I
Delaronde street, New Orleans Lou.
isiana, and Elias Weiner. whose post.
office address is 403 Olivier street, New
Orleans, Louisiana, with Isaac Weiner
as President. Elias Weiner as Vice-Pres.
ident, and Benjamin Bienn as Secretary
Il Treasurer.
: ARTICLE Win case of dissolu.
ton, liquidation or termination of this
charter by limitation or otherwise, the
affairs of the corporation shall bs
liquidated by one or more liquidators
elected by the stockholders, who may
provide the number of said liquidators
and vest them with such power and
authority as may by law be permitted
fix the terms and conditions upor
which they shall serve and their com
pensation, and provide that in case OF
death or disability of any one of sait
liquidators the remaining liQuidator.
may fill the vacancy or continue t
act on behalf of the CORPORATION.
!, ARTICLE Vino stakeholder shall
be liable or responsible for any costs
contracts, debts or faults of the cor
/. pordtiOf, OF any OF It's OFFICERS, mol
shall any mere informally in organi
cation have the effect of rendering thi.
charter null and void or of exposing
any stakeholder to any liability beyond
the unpaid balance due on the stool
held by him.
ARTICLE VIII.-This charter may
be modified, changed or altered, or sale
corporation may be dissolved with tn,
assent of stockholders owning two
thirds of the entire capital stock at
general meeting of the stakeholder.
convened for that purpose after fit
, teen days written notice shall hav,
been given to each stakeholder, mailed
to him at his last known address
y ARTICLE IX.-No stockholder shall
: sell his share in this company withou
having first offered the same to tn
Board of Directors. And said boar,
shall have the right to purchase tn
same for the benefit Of the other stock
holders within ten days thereafter a
the book value as shown by the las
annual statement.
There shall be written or printe,
across each certificate of stock ''Thes
shares shall not be transferred excep
in the manner required by the charte
and bylaws of this Company"
ARTICLE X.-The names and post
office address of the subscribers O
these articles of incorporation and
@ n "a Ay.A