The herald. [volume] (New Orleans, La.) 1905-1953, 1922-10-05
CHARTER.

| Orleans. Parish of Orleans, State of Lou
| isiana, and all citations or other legal
process shall be served on the president
| of said corporation or. in the event of his
J absence or inability to act, upon the
vice president, or upon the Secretary and
| treasurer.
ARTICLE IU.-The objects and pur-
poses for which this corporation is estab-
| liShed. and the business to be carried on
| by it. are hereby declared to be to man
ufacture. purchase and sell optical goods
| and glasses of every character, matho-
! NAUTICAL and scientific instruments, pho
| Geographic supplies and materials and all
articles of merchandise pertaining to such
business, and. in general, to do all acts
| and things reasonable and necessary for
/ the conduct of such business or in con-
| nrctiOn Herewith.
To purchase or otherwise acquire and
hold. sell. assign. transfer. mortgage.
pledge or otherwise dispose of the capi-
tai stock and bends. debentureS or other
evidences of Indebtedness created by any
other corporation or corporations, dOm"S-
tic or foreign, and. while the owner there
of. to exercise all the rights and privi-
leg"S of ownership. including the right
To vote thereon: to borrow money and 10
make such prOmiS>Ory notes. bills of eX-
change bonds. drbcntureS and obligations
and evidence of indebtedness of all kinds.
whether secured by mortgage, pledge or
otherwise, and to secure the same by
duct this business. or any one or more
businesses, and unlimitedly and without
restriction to hold, purchase, lease. mort
gage and convey real and personal prop
erty in the several States and Territories
of the United States. Colonial possessions
or territorial acquisitions of the United
States and in foreign countries as shall
from time to time be found necessary or
convenient for the purposes of the COM
panyS business To do all and everything
necessary, suitable. convenient or proper
for the accomplishment of any purpose
or of the attainment of any one or more
Of the objects herein enumerated or Incl
dent to the powers herein named. or which
shall mt any time appear conducive or eX-
pedient for the protection or benefit of
the corporation, either as holders of. or
interested in, any property or otherwise.
with all powers now or hereafter to be
conferred by the laws of THIS State upon
corporations organized in this state.
1t is the intention that the objects and
powers specified and the clauses contained
in this paragraph shall. except where
otherwise expressed I'm said paragraph, BE- .
no wise limited or restricted by reference +
to. inference from, the terms of any
other clause in this or any other para /
graph of this charter. but that the objects .
and powers specified in each of the clauses /
Of this paragraph shall he regarded aS
independent objects and powers but moth /
ing herein set forth is to he construed 10 .
authorize the formation hereby of any
nited States, or State Safe Deposit or
Trust Company, Banking Corporation or
savings Bank, or corporation deemed 10
possess any powers prohibited to cor
'orations formed under saving bank stat
ltory provisions for the purposes of said
To Ivan or advance money or 10 give
'redt 70 such persons and on such terms
rs may seem eNpedient. and in particular
o customers and others having dealings
With the company. or having any connec-
ion with the business of the company. To
inter into. make. perform and carry out
contracts of every sort and kind with any
person, firm. association. corporation
private or public), or municipal or body
'Olitic, or with the United States Govern
nent. or any State, Territory or Colonial
Possession thereof. or any foreign gov
rnment: to manufacture export import.
my. sell and generally to deal in goods
wares and merchandise of every deScrip-
ion. To purchase, lease or otherwise
cquire all kinds of personal property
which the corporation may deem neCeS-
airy or convenient for the purpose of its
and to do business in its own
anne. or, as agent, or on commission, or
and generally to do any and all
hingS pertinent or germane to the rights
nd powers herein conferred.
This corporation shall have the right to
ngage in businesses Of general kind
nd character, whether cognate or ger {
lane to the main purpose or not. not spe- ;
tally prohibited by the laws of the State
( Louisiana. excepting that of a Home I
tead or a Bank.
This corporation shall have the right
D contract. sue and he sued. and may use I
corporate seal. the same to break and ,
tier at pleasure. IN
ARTICLE Iv.-The capital stock Of this 5
OrpOratiOn is hereby fixed at Ten Thou q
and (Sl0.O0O00) Dollars, divided into {
nd represented by one hundred QOOl a
hares of the par value of one hundred I
OllarS each. which shall be paid for in 5
ash subscribed to this corporation. or
V property transferred to it. services c
cutally rendered to the corporation. Such {
took. when so issued, shall be fully paid c
nd on-assessable. G
The capital stock may be increased TO
n amount not to exceed fifty thousand
Ollars, and may be issued as q dividend !
erein at the discretion of the stockhold
rs. and when the condition of the corpOr-
ton permits it. The board of directors .
nay also reduce the capital stock from :
ime to time from the earnings of the ! !
by calling in a proportional ,
art of its shares. to be selected by draw /.
ngs from among the stockholders, re-
orded IN such manner as may be agreed !
pom by the board of directors.
No stakeholder shall sell or otherwise :
ispose of his stock in this corporation n
'ithout first offering the same in writing /,
D the other stockholders, who shall have h
eh ud!s relusdl OF tne same. ana Wnlcn b
took shall be sold to the highest bidder.
hould said stockholders fail to avail :,
themselves of the privileges within said !
eriod of time, the said stock may be /,
fered and sold to any other person. :
ARTICLE V.-All the corporate powers
this corporation shall be vested in and N
Sercised by a Board to be composed of i
OF less than three stockholders. but this h
umber may be changed from time to :
me by the stockholders at a meeting :
uly convened.
nip. through death, resignation, disqual- Il
ication or any other cause, the remaining c
irectors, by the affirmative vote of a ma n
,rity of the board of directors, may elect d
successor to hold Office for the unex- b
ired term of such director. whose place s
hall be vacant. until the election of t
lccessor Any officer or emplOye, elected C
r appointed by the board of directors. C
ay be removed at any time by n vote of n
lie majority Of the whole of the stock S
Dders.
The board of directors may, at its dis c.
'dion, by affirmative vote of a majority 81
the entire board of directors, appoint d
ON the board of directors an executive o
'mmittee Of not less than three of which Il
he majority shall constitute a quorum, f
nd such committee may have or exercise 81
lch powers as may be conferred on them q
y the stockholders. S!
The board shall elect from its number
president, one or more vice presidents, q
Id a secretary and treasurer of the CO. II
OratiOn, but the latter two Offices may d
, combined In one person, and may be
lied by a nOn-director, or non-stock- L
older. ST
Any director, unable for any reason to II
t or be present at a meeting, may give -
1NlA a - sv,l