The herald. [volume] (New Orleans, La.) 1905-1953, 1922-10-12
CHARTER.


ing persons whose names are hereunto
subscribed, together with the amounts
of the respective subscriptions TO inc
capital stock of the corporation TO be
formed who severally declare that,
availing themselves as well as such
other persons as may hereafter become
associated with them, or their success
sorS, TO fofm and constitute themselves
into a corporation and body polite IN
law for the objects and purposes and
under agreements and stipuiations foI-
lowing. to-wit:
ARTICLE l. The name and title OF
this corporation shall be Il. X. Flnney
Co. Inc and by that name said cor
poration shall have power and authority
to have and enjoy succession Tor the
full term and period of ninety-nlne
years from and after the day and Date
hereof: to contract, sue and be sued:
to make and use corporate seal. and
to break and alter the same at pleasure
TO convey, sell, borrow, pledge, mort
gage and hypothecate under It's cor,
porate name. property, real. personal
and mixed. to name and appoint such
officers, directors, agents and man
ayers or employees as the interest or
convenience OF said corporation may
require: to make and establish bylaws.
rules and regulations for the proper
management and regulation of its ar
fairs as may be deemed necessary and
proper and the same TO change and
alter at pleasure: and to do all other
acts and things permitted by law, az
shall or may hereafter be necessary
and proper TO carry out tne OnleClS anu
purposes Of said corporation.
ARTICLE H. The domicile OF said
corporation shall be in the city OF
New Orleans, state of LOUISIANA, ana
all citations and other legal process
shall be served upon the President or
said corporation; and in the case or
his absence upon the Vice-President-
/ Treasurer; and in case of the absence
/ of both OF these officers, upon the
Secretary thereof.
ARTICLE III The objects and pur-
poses for which this corporation Is
organized and the nature of the busi-
ness TO he carried on by II are declared
to be that of general church supply
and religious article business, the sale
of rosaries, prayer books pictures
statues. medals, artificial flowers, can,
dies oils. incenseS, VeStments, sacreu
] vessels, and any and all articles per-
tanning to churches and religious sup
plies; and in the conduct OF said buSl-
ness TO employ agents and generally
to do everything and anything belong
/ ing to or in any wise connected with
the objects and purposes set forth
ARTICLE ". The subscription for
and the ownership of all stocks in this
corporation are made and taken upon
the conditions that any holder of stock
desiring TO sell the same shall flrst
! offer his stock to the corporation at
the then book value thereof. and the
| corporation shall have thirty days with
in which to exercise its option TO pur-
chass the same. On its refusal 10
ten days to exercise their option to
purchase such stock katk said price.
After the expiration of such time the
stockholders shall be free TO make any
other sale of their stock.
ARTICLE W The capital stock of
said corporation is hereby fixed at
the sum of Seventy-five Thousand Dol
lars (s75,0 00), divided into and rep
resented by Seven Hundred and FIFTY
/ (750) Shares of the sum of One Hun
bred Dollars s100.00) each, which sald
stock shall be paid for in cash at the
time of subscription, or same may be
issued at not less than par, In pay
ment OF exchange for property or rights
actually received or purchased by said
corporation.
ARTICLE VI All the corporate pow
ers OF this corporation shall be vested
in and exercised by Board OF Dlrec-
tors consisting Of three stockholders;
and two members of said board shall
constitute a quorum for the transaction
of all business, and their decisions
shall be valid corporate acts They
shall have full power to enact bylaws
fixing the duties of the various officers
and rules TO govern the management
of the corporation.
The following persons shall consti-
tute the first Board OF Directors; John
G. Finney, President; NJ. A. Finney.
Vice-President and Treasurer, and M
G.. Finney, Secretary. During the an
the Vice-President shall act and pre-
side.
Said board shall continue in office
until the third Monday in January
1928. on which date their successors
ally a Board of Directors shall be
elected on the third Monday of January
of each year. unless the same shall be
| a holiday, when the election should be
held on the next legal day thereafter:
Notice of such election shall be mailed
to the last known address OF each
stockholder at least ten days before
said election. Said election shall be
presided over by two persons selected
for that purpose by the Board OF Direc-
Of the election and deliver the certifi.
cate to the President, who shall call
a meeting Of the newly elected Board
of Directors within five days after re.
the first meeting of the new board
after the election they shall select
from among their own number Pres.
ident. a Observation-Disclosures, and
a Secretary. Any vacancies occurring
on the Board of Directors shall be
filled by the remaining directors. Any
elect directors, the day named for that
purpose shall not dissolve the corpor-
alton. The directors then in office. as
well as the officers of said corporation.
are chosen. In such event the Presi-
dent shall cause another election to
be held within thirty days and shall
vided. Each stakeholder shall be entitled
to one vote for each share Of stock
standing in his or her name on the
books of the company, and may vote
by proxy. Election of directors shall
be by ballot. and the majority in
amount of votes cast shall elect the
person or persons for whom they have
been cast.
ARTICLE VII. This act of cor
poration may be changed. modified or
amended. the capital stock increased or
decreased. or the corporation may be
dissolved at a general meeting OF the
stockholders convened for that purpose
with the assent of three-fourths OF tho
entire capital stock. whether present
or represented at such meeting.
meeting for that purpose shall be con-
! vened by the President on the written
request OF stockholders representing
one-tenth or more of the total capital
stock
Ten days prior notice OF such meet
ing shall be given by written notice
mailed TO the last known address OF
| stockholders of record. In case OF
dissolution OF termination OF this cor
poration, either by Limitation Of its
charter or from any cause. the liquida-
ton of it's affairs shall be conducted
by three commissioners elected by the
stockholders of record on the books OF
the company. by a majority vote at
meeting called for that purpose. as
above set forth in this article.
Said commissioners shall remain In
office until the affairs of said corpor-
| alton shall have been fully liQuidated.