The herald., 1922-02-09
CHARTER OF 4. ,. LIPSCoU,

CHARTER OF I. }. LIPsCoMu =. -
United States Of ,mor..,
Louisiana. Parish Of Orleans I Si.e Of
New Orleans BE it known ill.,. ny OF
sixth day of the month OF In this
tne year Of our Lord. One ThonS,mI!,,. 10
iI ndI ana twenty-five. aad Of ' "a.
independence Of the United 81 The
america, the One Hundred ana T Of
sixth, before me- ASAI ri. "a Orty-
CoOPER, Notary Public dur liner
stoned ana qualified in and fo.nmls-
"a % dreams. state OF IoniS;.ns
ana IN the presence Of tho isl aha,
hereinafter named and uudar.i,,,,.',, uesses
sohaiIy came and appeared fI4' per
! peI Hohs whose names are hpr.yp, 'tTai
scriDed' VINO sevcrdlly dp,f,~,d' SUB
! awning themselves of IA. - That
the general laws OF tn. stat, 80 tiSions %
| lof the organization of corp,r,,i','iSians
! especially Act 261 of the A., and
| ihey nave coyenanted and ar I9lt
~ Uhtse presents covenant. 80 and
as - 'i ns' as well as such na,. AUG
80 may hereafter become assent, pefsons
| mem 10 form and constitute Ecu With
"tIoH ana body polite i'm I,,,. ,orp0r.
mat END they state the fo!Iov.,I, and 10
anu thlngS, and execute ana 49,, matters
wit: as follows, "a
ARTICLE I. The namo -, -.
II NO snail be 7. J. LIPSCOyE Iorpor-
/
ARTICLE .. The object. ~,
/ Iol when this corporation - - PURPOSES
ana the nature Of the husirla. Established
IIeG on by II, ar declared a., ~ De ear
70 De; TO carry on bushes. ~ Specified
su states and elsewhere Ia 'ne Unit.
| or nar,h asents ana commission rnarot'fs
at wholesale or retail, merchant, ueaI In,
ITaIts, ioOd products Of ever T. goods.
IeJiIiptIoh' 10 do an import and ID" q ana
al Et ana to buy, sell and dAPoft
the New Orleans Board of TraI IN upon
boarus OF Trade and EXchgngas i Et other
cities OF the United States snd IN other
Countries; to buy, sell and deal ;O'agn
StncLs All KINDS OF listed and unIis.ayy
SION and to engage in any other bUn;als-
similar or incidental TO tho fornLess
objects and purposes. ioreSoing
AkIlCLE III. The capital stocl a., -,
Gf po'aIiOh is hereby fixed at the 81. tns
tnty Thousand Dollars $50 0oo S Sum Of
pe uivlded into and Represented nv 20
hundred 5000 shares of rho - fhe
oil one Hundred Dollars CSlO00ol s aal
De issued for property actually raoo may
ny the corporation. or for services un VEG
uered. The capital stock may 1sh-
creased to the sum of One Hundred D I'm IN
SAND Dollars (s100,OO0.OO). AAOu-
domicile of said corporation 'i ION Of the
the City Of New Orleans in a thn De IN
OF orleans. State of Louisiana 'e rarsh
y, AhiiCLE V. The period Of dr,..,.
years siu corporation shall be fifty G1a
ia ahdiCLE vi. The number q, A.,
tbs U, SAID corporation shall ba No, silec
o1Si n three nor more than 6rn O' less
provided Oh t said corporation shall be- tb nss
Gfneers as may be provided f such other
bylaws. The names and ior oy the
auuresses of the directors of p ",sce
the rst w %asr are selected to serve for 70,
are elected and Or 6 until their successors
SLOWS SHOWS: Thomas j. Lipscomb. Ialo NJ MIS- as
street, New Orleans. La. CI;ao, aii4n
NNi lw 6. 1912 South Robertson t stres n
Jr, 1sic ea mare La; Thomas J. Lipsco@S.
a. WIN Thomas ]. Lipscomb as pans
pps zi Ciinord h. LipscOmb "a Vs.
resident, and Thomas ]. Linscomh we
aS S secretary and Treasurer. fhe officer.
at all times be stockholders, and shon,s
any oincer or director during his raoaa
vi 0ince cease to be "a stoekb,ldar ~
Sirnc,d dpso tacto cease to be an officer or
created shall be filled by the rsIo,u .Has
stockholders. o"' aiming the
A.hIlCLE VII. The names of the snh
and tbs 70 un these articles of incorporates
each subscriber is to take in said ea,
PVrauoh are as follows Tbomss
CCiiipsscomp. zoo shares, par value SaO.OOoe a.
s2.5oo $4,000 ~ T bbipseom5 % shares par value
shares; par value $25OO.O0. - .
CRITICIZE VIII. The subscriptions a,
E = J. Lipscomb, Jr.. and SIiso,%
Of c ai5seom l, to the number of shares
above set forth in Article vii ar
Paiu Tor In cash. The subscription A.
Inomas j. Lipscomb, Sr.. for 2oo sh.,ss
OF the capital stock of this corporatioo
tbasoof oe paid for as follows: 80 shares
- OF the par value of 100000 Il
10 De paid for in cash. the remaipder
or ioO shares of the par value OF sii 0o
Is 10 be paid for by him by the al
anu ,ransfer by him to this coryoratiop
OF an his right, title and interest in ana
10 the property, assets and good will ~
the business hitherto conducted nv him
1ler the name of T. J. Lipscomb. w
furniture and fixtures .s 1OOoo
Goodwill, trade name, etc. aO0om
agency contracts ... 5O00W
Total ,....................... sll.Ooom
anere Is annexed hereto to be read IL
connection with these articles of inccr
poration an accurate, detailed and item
lzed statement of the said property and
assets OF the said business hitherto con.
quoted quoted by the said Thomas ]. Hpsconb
win statement OF the rdIut
inereoi, as appraised by the said Thomas
j. Llpscomb, ST., Clifford X. bipscenh
ana anu Tnomas j. Lipscomb, Jr., the dres-
'oIs OF TINS corporation.
ARTICLE TX. Each share of stock
s snau ne entitled to one vote There shall
oe no cumulative voting
ARTICLE X. The Board Of Directors
OF SAID corporation are hereby vested
Win an the corporate powers OF said
EVAPORATION. including among other pow.
e,s the Following, viz: the power to make
AFTER ana amend suitable bylaws for the
soeerhment OF said corporation; the
power TO borrow money, execute mort
gases, issue notes or bonds to sell u
pleoge the same, and generally to do 81
thlhgs pertinent to or necessary for the
OBJECTS and purposes of said corporation
or which are or may be permitted by tie
laws applicable to corporations the
ABOVE recital of powers granted to The
Board OF Directors not being exclusive
the intention being to vest the Boart
OF Directors with all such other and
iurther powers as may be proper to &C.
complish the objects and purposes o.
said corporation.
Stockholders meetings for the eecfioz
or directors Of said corporation shall b
neid annually on the second Monday y
January OF each year, beginning wiu
tne year 1923. The Board of Director
named In this charter shall hold ofho
until said second Monday In January
1873, or until their successors are dul
elected and qualified. Failure to dU
directors or to hold an annual meeting
on the day sDeci6pd in this charter WIZ