The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-12
CHARTER.



Yemen ana auanhed, and III the present
al the witnesses hereinafter hdheu Hn1
undersigned, personally came anu ~
reared the several persons "hose A..
ar. hereto subscribed VINO seNeIuhs
,.I,rad mat ayailing themselves Ol INC
- az ms State relative to the IorIhd'
,Ian al coruo-ations they hereby consul
mt, themselves their associates, hHCC'0
surs aud assigns, corporation w.
objects aud purposes ana uhueI 'TS -,
oifi,ps ANA stipulatiOns OF Tue lOiiV"A'i :.
,rtirI.s which they hereby adopt as 'hcii
cnarter, tO-Wlt. ,t,,, of ,bi.
,r,,,ratiou shall be ". ID. IItaTS N"-
INC and its period Of duration sh'i
ninety nine years from ana alteI 'H
signing OF this charter. -. ,,,r
go r,rporatiou shall have for the pur
,,,s,s OF the business To be carrleu on "
u an the powers conferred d! Ia" uPo"
.,,rnorations aud shall generallN eNei
- ali the mowers necessary 10 carr! y"
said business; said corporation shai' Ia
fulI power to contract, sue anu D -,
in n, corporate name, TO make anu -
a corporate seal, and the same W -.
and alter at pleasure, TO Dolu' Ie0'i,'
,,urchasa rent or otherwise acquire anu
~ cunyey, mortgage, hypOthecate, r"ae'
,,I.dge sell or otherwise dispose oi Plop
erty, real personal ana mlAeu " -
hands notes and other ODhsdtl""I
name and employ such managers -
Tor. ofbcers. agents and other eIhplo3 ees
- ,ba interest and convenience Vi the
,,arnoratiou may require aud 10 mart
sucn bylaws, rules and regulations loi
me management aud cOntrOl Oh .he ~ -,
marathon as the directors hia! ue'' "
and proper. ,,. ~ m. car
,.ar,tia, shall be in the city Of New VI
49, In An citation and other lesal
,rncess shall be served on the fresiueh''
ana i'm case OF his absence or dlsaOiii'! >
upon the Vice president or Secre'ai!
Treasurer. ND nur
- tor which this corporation Is organ
- and ria. nature OF the business 10
a. carried on by it are hereby declaIe .,
10 he. To carry OH in the Illy VI ~
orleans, state of LOUISIANA anu
where. the business Of wholesale ueAie |t
ann iobbers in jewelers. supplies, watch
Az 'atoS;aIs Jewelers. tools ana merchah-
a.. al n similar kind or character OF
in any kind of goods ana merchdhulSs
related thereto or in any wise cOhhecteu
herewith; and in the course oi the
business to buy and sell the klhus VI
merchandise and goods above releI ,i's'i,a ~
tnI TO the said business or III an! "i'e
connected Herewith. a.. ,ot,
AKTICLE IV-The capital OF the sald
corporation Is hereby hAed AT tn n sun
az Ten Thousand Dollars (SlO,VVoVo)' con.
sisting of One Hundred shares Vi ST. -
90 re mar value of One Hundred Dollars
IStnO 0Oi each; one-half OF the sald capi
fnI stock shall be subscribed TOT at inc
signing of these articles OF lncorporation,
and one-half of the stock SO suoscrios sa
for snail be paid in cash pelole ,.he
corporation may engage IN 10
re,iainder OF the capital SO subscribed
for shall be paid in WITHIN t"eNe
from the signing hereof
The reminder of the capital slock au
thorIzed shall be issued by the Board Oh
directors, as 1t may determine, at no'
less than par for cash OF property
,siTed by the corporation at sueh Value
as may be- hAeu Dy the p0N
tors -, L.u IN made
sxcent ON the books Of the corporation
npon the surrender OF the OUTSTANDING
certificate OF stock and pursuant 10 suen
ru,ss and regulations as the Board OF
nirectors may adopt, and neither saie
or other disposition of the SAID stoeA
shall he made by any stockholder WIN
out first Offering same IN wril,s ~
period of ten days through the boaru Vi
directors to the other shareholders AT d
price equal to the book value OF as SNOWY
by the last preceding inventory.
The capital stoch or this corporation
may be Increased TO $lVo,Voo!Vo' "
ARTICLE y-All the powers Oh tnis
shall be vested IN anu eAel
cised by a Board Of Directors to be com
nosad of three stockholders elected Dy
the shareholders at the annual meetihs
which annual meeting shall De heiu IN
the City OF New Orleans, La, on the -o.n
day OF January each ana every year ,
each of the directors shall own AT hase
one share of stock standing In MS na ii
on the books of this corporation. ms
shall not engage in business
until January 20, 1922, and the flrst al
nual meeting shall be on January ~, TO-. 20
until the said meeting on January, ~
1928, the officers and the poaru aalaeu n,
thi. charter shall remain In once anu
shall continue thereafter in ONCE uhtil
their successors are elected ana quanheu'
at each annual meeting or the snarenolu
ers. the said shareholders shall elect iIoli
their number, a board composed OF three'
and all vacancies In the poaiu otin: nv
filed until the next ANIMAL meeting W
the remaining directors; any director ma!
ne represented at any meeting Dy any
stakeholder by written proxy as SUI $50
as practical after the said annual meeting
and election Of the said board OF uteI
tors. the said Board Of Directors, shaii
sIcct from its own number a President,
a Vice-President an6 Secretary Treas
urer. the failure to hold the annual meet
ing and to elect directors as hioresaIu'
shall not affect this corporation nor I'm,
mir its management, but the OFFICERS anu
directors then III oihSe oh"ii
office until the successors are elected anu
qualified. -, o,,,
The first Board Of Directors and OH
GERS OF this corporation and their pos
office addresses, are as follows: w.
Cleary. New Orleans, Louisiana, fresi
dent: Robert Hinote, Florala, Alabama
Vice President; J. Il. Bell, Fioraia, All
hama. Secretary Treasurer.
THE Board of Directors may at an.
time alter amend and repeal the by-iaw'
or the corporation.
ARTICLE VI-This act OF incorpora
tion may be modified. changed OF aiteret
or the said corporation may De aissvNe.
I'm accordance with the laws OF this state
Notice of the meeting of any meeting
of the stockholders for any purpose may
be waived by unanimous consent.
In case Of the dissolution OF this cor
marathon its affairs shall be liqluateu u,
one or more commissioners elected py
maiority of the stockholders represented
or present ut a meeting called Tor ina
purpose, and said commissioners shal
have such powers and duties as the stoch
holders may determine -,
ARTICLE vII-No stockholder shai
ever be held liable for the faults or con
tracts of this corporation in any further
sum than the unpaid balance due TO tnl'
CORPORATION on the shares subscribed ps
said stockholder. nor shall any mere In
formality have the effect OF rendering
this charter null or OF exposing an!
stakeholder TO any liability beyond th'
unpaid balance due on his stock
ARTICLE vIII-Tbe subscribers hereto
have respectively written opposite theli
names the amount of stock In this corpor
alton subscribed by each so that this ac'
of INCORPORATION may serve as the orlgi
fzV af he