The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-16

CHARTER OF WRIGHT FURNITURE
CO. INC.
State of Louisiana. Parish of Orleans
City Of New Orleans. he IL known. that
on this fourteenth day of the month of
February in the year of our Lord nine
teen hundred and twenty-five and of the
Independence of the United States of
America the one hundred and forty sixth ::
Before me. ]. Henry FOrcelle. Jr.. a no
tary public. in and for the Parish Of Or
leans. State of Louisiana. aforesaid. duly
commissioned. sworn and qualified and in
the presence of the witnesses hereinafter
named and undersigned, personally came
and appeared. the several persons whose
ally declared that availing themselves of
names are hereuntO subscribed. who sever
the provisions of the general laws of this
State. particularly Act 267 of 1914. they
have covenanted and agreed alG do by
these presents covenant and agrea and
bind themselves as well as all such per-
sons as may hereafter become associated
with them. TO form and constitute cor
poratiOn and body polite in law, for the
objects and purposes and under the stipu-
lations and agreements following. to-
wit:
ARTICLE THE name and title of this
corporation shall be Wright Furniture
Company, Inc, and it shall exist and en-.
joy succession by its corporate name for
period of ninety-nine 1907 years from
the date hereof. unless sooner dissolved,
with all the rights and powers now or
hereafter conferred by law upon similar
corporations.
It's domicile shall be in the City Of New
Orleans. Louisiana. and all citations and
other legal process shall be served uDon
the vice-president or secretary, IN Ibe
order named
ARTICLE 1.-THE objects and purposes
for which this corporation is organized
and the nature of the business to be car
ried on by il are declared to be: gen
eral merchandise business. to manufacture
import and export, buy and sell at whole
sale or retail otherwise acquire and dis
pose of and generally to trade in and deal
In goods, wares, products, commodities
and merchandise of any or every kind and
description, particularly furniture and
household goods and effects and generally
to do and perform such acts and deeds
and transact such business as may be in
cidental or germane to any of the OBJ.
jects and purposes herein set forth: the
foregoing details not being intended "a
be exclusive. 1t being intended to do any
act or thing necessary to carry out and
accomplish the purposes of said corpora
ARTICLE III-The capital stock of the
corporation Is hereby fixed at ten thou
sand dollars (S10.0OO.00) to be divided in
to and represented by one hundred 1OO)
shar| of the par value of one hundred
dollars (S1OO.O0) each; which said stock
shall be paid for in cash or in property
and good will transferred to said corpora
ton, or in work done for. or service rem
cided by the board of directors and upon
| terms to be fixed by said board of direc-
tors.
All transfers of stock shall be made on
the books Of the corporation and no trans
fer of stock shall be in any way binding
| on the corporation unless and until il is
made in pursuance to the provisions OF
this charter.
No stakeholder of this corporation shall
be permitted to sell or otherwise dispose
of his stock without first offering the same
in writing. to the other stockholders
through the board of directors. at a price
not exceeding the book value thereof
and said stockholders, in proportion tC
first right of purchasing all of the shares
Of stock to be thus disposed of by sale OF
otherwise of any of the stockholders and
shall have period of ten days in which
to accept or decline said offer. Should the
| stockholders decline to purchase said
stock. then such stakeholder is at liberty
to sell or dispose of the stock and may do
so in any manner and at any price h
| may deem fit.
Each share of stock Is issued hereir
| upon the condition and understanding
! that no stakeholder shall sell or otherwise
| transfer his stock in violation hereof and
any such sale or transfer If made shall
| be void and this corporation shall be un-
der no Obligation to list said stock on its
books or to regard the holder of the Ger.
| tificate thereof.
The capital stock of this corporation
| may be increased to any amount not ex.
| ceeding two hundred and fifty thousand
| dollars. Each share Of stock shall entitl'
| the owner thereof, either in person oil
by proxy, to cast one vote at all genera
| meetings.
ARTICLE Iv-All the corporate power.
| of said corporation shall be vested in anC
| exercised by board of directors com
! posed of not less than three nor more thar
| seven stockholders. to be elected at al
/ al .l-L- l.
held on the first Tuesday of February Of
each year; If the date fixed for said cleo
| ton fall on a legal holiday, then sale
election shall be on the first day there
after not legal holiday. All such cleo
| tons shall be by ballot, at least fiftee4
Q5) days previous notice thereof shall b.
| given to each stakeholder either person
| ally or by depOsiting the same In the pos
office properly addressed. A majority o.
| the votes cast shall elect and each share OF
cast by the owner in person or by proxy
| The directors thus elected shall serv,
and continue in Office for one year or unit
their successors shall have been duly
elected and shall have qualified; a failure
to elect directors on the date above speci
fed shall not dissolve the corporation
but the e~isting board shall cause another
election to be held within thirty day
| thereafter, whereof fifteen days previOut
notice shall be given.
| Any vacancy occurring in the officers oil
board from any cause whatever, shall b.
filed for the unexpired term by the re
naming directors. Any director who may
be absent from the city of New Orleans
shall have the right to appoint any stock
holder of the corporation to vote for hin
at any meeting of the board of director,
and such proxy shall have and exercise
all the powers of such director appointing
him.
| majority Of the directors shall con
| stitute a quorum for the transaction of al
| business.
J The board of directors shall elect from
| their number a president, a vice-president
a secretary and a treasurer and such othe
| officers as they may think proper or con
| venient for the carrying on Of the cor
porations business and shall have powe
to unite two or more offices or to dispens
| with any Office In their discretion and Z
| fix the salaries of all officers, agents ant
| employees; the said officers shall continu
In Office for one year from such election
or until their successors are elected an
have qualified.
Said board Of directors shall have ful
power and authority to exercise all tn