The herald., 1922-02-09
CHARTER
cHARTER OF

sn,dred ana the United States of
dependence one hundred and 1orty-
America, tne me STAMPS FAIRFAX,
sixth, pe,.'hiic duly commissioner, smoIn
Notary I,ssed in and for the ris, %
and state Of Loulslaha' - ~ VII
Orleans' nd in the presence OF tne VII
siding, aneinafter named ana under
nesses h.sonally came ana appeared
.iened, pc nersons whose names are
The sesei,hsrribed, who TO me seNeraly
hereun.o mai. ayaillng themselves Oh tne
deeAr the state OF Loulslaha IN sin,,
laws made and PROVIDED anu p Ssf ~
cases aisb the provisions Oh ACT 20 VI
hrly win ,ha General Assembly OF the
the Aets Yarjsiana for the year l9li, as
state Oh ,hav have coyenanted ana
smendeu, 10 by these presents cove,
sgrteo r,ee and bind themselves, as wen
nanL snrh persons as may hereai!el JoIA
ss al a.ome associated WIN mem, ~ ~
slitute anu ,aw for the objects and pur-
polite ~ nnder the articles ana supu-
poses anu ainafter set forth and eN-
lations .,hich they hereby adopt as the
pfesses n this corporation, to,"N.
chafntsTr,CIE l. The name ana st!le Ui
Heorporation shall De hAhhi -, LIZ 80
tbs , sV'fC0 INC, and under It's salu
PlANo name II shall have and enjoy
eerpoIa.e existence and succession Tor
corpora, term and period Of ninety nine
the iun a,s from and after the cate hereoi
wv s.rsct sue and be sueu 10 Hdhe
10 Ss corporate seal, ana the same
snu .,ssr and break at pleasure, 10 hoiu,
10 atei lease purchase and convey, as
receive, r,ortpage and hypOthecate prop.
wen al nersonal or mixed, corporeai
cry ,arnoreal: TO own and hold stocks
ana M of other corporations; to name
ahe oncint such managers, agents, ulrec-
ana VA officers as its business or con,
loi n,.nce may require, ana 10 MAKE anu
NehsWsh as well as alter ana amend,
estaph .s.,o 70 time, such bylaws, rules
from auIatious for the proper govern
ana the affairs of said corporation
mehs he necessary and proper.
.nn@iicfE III. The domiclle Of said
aaa,stion shall be in the city OF rev
o.,rsns. state Of louisiana anu an ciIa-
"a other legal process shall De
uvh nnon the President of said cor
stiss .s.n or in his absence upon the
Rs'ap ,ssident thereof. or in the absence
.sid officers upon the secretary Oh
A spT1cI,E Ill. The objects and pur-
.osss for which this corporation is organ,
"a and established, and the nature OF
neu .nssness 10 be carried on by it, are
hereby declared to pc; ,foo-
..rsrx dealers in and importers ana eA.
,crters OF pianos, organs, music ah9
rrsiral Instruments and otherwise, ana
sIso any and every other article anu
snn rs manufactured, sold or dealt
a. An eonnection Herewith or otherwise.
~ manufacture. produce, buy, sell, i'm
,.,t and export, let, hire, deal in and
81 with musical instruments OF all
S,ads and any and all parts thereof.
To manufacture, buy, sell, inport anu
sxnort. deal in and deal with any ana
q, Kinds of machinery, materials, sup
ai;ss implements, articles, appliances,
rsrhstsnees and fabrics incidental to or
sstsyinr into the manufacture OF the
ssme or any part thereof, and used In
connection Herewith, all TO ehectuate the
objects and purposes set forth In this
n buy. sell, import and export sheet
uusie. musical scores, and generally to
an in all kinds of printed music ana
musical compositions.
ARTICLE Nv. The capital stock Of this
corporation is hereby fixed at the sum
Of Twenty Thousand Dollars lS.o,Vv.w.,
divided into and represented by two nun
drsd (2O0) shares Of stock of the par
}vslue OF One Hundred Dollars (S1OO.O0)
esrh said stock shall be paid for In
cash at such time, in such amounts ana
after such notice to the subscribers as
may be fixed by the Board of Directors,
and the same may be issued at not Tess
usIly received by the corporation.
Tie amount to which the capital stock
Of this, corporation may be increased
shan be the sum Of Fifty Thousand Dol
lars t$5000000).
No stockholder shall have the right to
sell or otherwise dispose OF any stock
Of this corporation without first Offering
the same in writing to the Board OF
Directors OF this corporation. through
its President, which Board shall have ten
ucj days within which to accept or re-
fuse the Offer but said Board Of Direc-
tors shall have the right to purchase any
stock so offered or any part thereon at
he book value, irrespective Of what price
may have been offered for said stock by
snyone Should said Board of Directors
fxil to avail itself Of said privilege within
said period of time, the said stock may
! Be offered and sold to any other person
ARTICLE V. All of the corporate pow
I es Of this corporation shall be vested In
and exercised by a Board of Directors,
I, composed Of FIVE (5) stockholders, three
f3) Of whom shall constitute quorum.
said directors shall be elected annually,
% the first Monday in March Of each
holders, except the first Board of Direc-
hrs which shall be elected at the first
meeting Of stockholders to be held on
February 18th, 1922. at 10 a. m, at 1901
Hibefnia Bank Building. who shall hold
t1ef offices until the first Monday In
lnrch 1893. or until their successors shall
have been duly elected and qualified.
AZ such elections shall be held by bal
bt and sconducted at the office of the
9fpoation under the supervision Of two
~ commissioners to be appointed by the
Beard Of Directors. Notice Of such
needne and OF all other stockholders
needlEs' shall be given in the manner
NIL H. I.x~ rl.axx
Hhbed, then written notice Of such
.eednl shal1 be deposited at beast ff-
Un tlb) days prior to the date Of such
neeting, In the postoffce Of the City of
neH Orleans, postage prepaid, properly
E soueseed 10 each stakeholder at his last
nnexn residence or place Of business.
a. al such elections and at all cor
ysfste meetings every stakeholder shall
autled 70 one vote for each share of
Ss!x sanding In his name on the books
- corporation, to be cast by him In
r1n or BY his written proxy, and q
.3Exfy Of the votes cast shall elect
-. vacancy or vacancies occurring
sse g Otherwise shall be filed by cleo
Ur the unexpired term by the re-
rsInlng directors.
n failure to elect directors on the
~ eeove specified shall not dissolve the
tI9afion, nor impair its corporate ex.
~ % management, but the directors
~ = ofnee shall remain in office until
slccessors are elected and qualified
n Board Of Directors shall. annually
nFst meeting after election. elect
- own number a President, one
ose Slee-Presidents. a Secretary and
or 1t may elect one person
~. nsli Be both Secretary and Treas
we need not be a member OF the
49, q Directors. The Board OF Direc-
nay also elect one or more assistan,
S ~ neither Of whom need be men,
ne Board or stockholders in this
sS.n Son. The Board of Directors
~ ., Ave power and authority to name