The herald., 1922-02-16
CHARTER OF 4. }. IIp>CoN

United States Of Amor.
Louisiana. Parish e Ori.aa, State
New Orleans. BE IL known ~ City
sixth day Of the month az 'Idt on a.
the year of our LORD. One b''ashuary.
Hundred and Twenty two ousdhd N
, ruep'huenSt OF III" United 80 u
i,rt'i'"; the On" Hundred ana 5J'dtss
COOPER, Il Notary Public L., WALEE
stoned and qualified in 80 connb
Farlsh Of Orleans. STATE ~ Tor d.
anu Ia the presence Of tba HouSs,,
hereinafter named and undsr.; Wltnesus
sohaIy came and appeared t5ned' ~
persons whose names are her,. Seven
oynii;nl, VINO seN rally declares' ST.
awning themselves Of the rrarel Ia,
the general laws OF tho stat. r'so'lsiOHs
Ior the organization of cnrno,a, louisa,
especially Act 261 of the ,,.a'ions an,
| they nave cOvenanted and s OF lg,
ny THESE presents covenant seed, IA
DIhd themselves, as well AS astee az
tSo may hereafter become assoria,I peisOs
theh, TO form and Cnusti,,,,' 'ated vi,
alton and body polite ~ COM.
mat end they state tho Jaw, and
anu thlngS, and execute and Nate,
! wit: AS follows
ARTICLE /. The name =, -,
I Isi%n snail be T. J. LIPSCoMTIRs Gso'pe
ARTICLE >. The object.
ior which this corporaiion ana purpos,
anu the nature of the buSina es'ablishs
Ieu On by II, are declared 70 be q,
10 De: To carry on huSinc.. ana specss,
u states and elsewhere AZ the unt
0neIs, agents and commisSion Iacton
AT wboIesains' 70 buy, sell and Sa,Ia,r
w. aor mnoiesaie or retail, merchandii, Zeal
| wares, food products of eye "IiiS =, gOOa,
uescrlptlon; to do an import Aihd a..
| BUSINESS, and to buy, sell anu e1pO-
an Kinds of commodities dol, Deal
LEV ne ne" orleans Board of Trada "a upg B
| citinS OF Trade and Exchanges in in o.ls /
countries; to buy, sell and dssi loren
ana all kinds Of listed ana IN AZ
STOCKS, bonds and securities on unlsts
SION and TO engage in any otbar SSoMnk
siMiIlar or incidental TO the fo, sta
oo!ects and purposes. i0regoils /
ARTICLE i'll. The cani,oi o.,
corporation is hereby tXed a. 't ~ OF tt
fity Thousand Dollars fS5o t noo sun
pe divided into and represented w
hundred (JOO) shares of tha oy IN
OF one Hundred Dollars (sIoop nn, Yah
mhicn snail be paid for in cash y, esc
nv tha nor property actually receivS
Sy the corporation. or for SERVICES e,.S
uered. The capital stock NAV ~
creased TO the sum of One Hnndo, Vr
SAND Dollars CS1O0,OOOOOJ. In''
ahiiCLE ~. The IocatIo, =,
u .E C OF said corporation shan
81 Oily lily OF New Orleans. in the Pr
Oh Orieans. State of Louisian, rama
ARTICLE V. The period -
years. "ii De nifty G
ARTICLE VI. The numho
t LOTS OF said corporation shall no ei,s
officers ae nor more than five ~
provided saIu corporation shall be- th..
Ia.r
IT, on as may be provided fo uen otas
bylaws. The names ana ioI oy u
auuresses of the directors az i pvIsS'olhd
poration who are selected n s sa,a CO..
sre nIsI year, or until their snccs.. ~
SoiIo eiec'eI and qualified, shall he
street, New Orleans, La: C my MA,
NNlpscomb, 1912 South Robertson 0i ~.
re" orleans, La; Thomas ] Tinsnae5
IT. lSl0 Marengo street, New 9,ss
al, WIN ,, Ihomas ]. Lipscomb as pm
pr ns; SnHord h. Lipscomb as VIZ.
as Secretary and Treasurer. Tbe IA, y
anu directors of this corporationH nj
aI all times be stockholders, and .hs.i
any oIncer or director during his 80
OF ofnce cease to be a stockboldsr Y
Suan lpso facto cease to be an Officer =
urector nereof. and the vacancy ~.
created shall be filled by the rsI.,. .a'
stockholders. avn" Among n'
ARTICLE VII. The names ~ N. =,
scriDers to these articles of incorner,,sa,
anu the number of shares of stock whrI
norat,s SUBSCRIBER Is to take in said cor
PvIduoh are as follows Thomas
Lipscomb, 200 shares, par yalue Saoeos
Sa i 10 N Lipscomb, % shares. par Yah.
SS'oOo.OO; Thomas j. Lipscomb' u
shares; par value $2.5OO.O0.
rtAhIICLE VIII. The subscriptions q
o IiS y. Lipscomb, Jr., and Cinori
OF capital stock of this corporatien :
ABOVE set forth in Article VII are "a =
Paiu Tor In cash. The subscrintior y
Ihomas j. Lipscomb, Sr., for 200 shsrs
or the capital stock of this corporstj~
Is 10 De paid for as follows: so shsrs
thereof of the par value of s9OO000
to be paid for in cash, the REMAND
or 100 shares of the par value Of siies
is 10 be paid for by him by the ~
ana transfer by him to this coryorstio,
OF al his right, title and interest In srl
10 the property, assets and goodwill q i
the business hitherto conducted by lin
under the name of T. j. Lipseomb d |;
follows:
Furniture and fixtures ...s 10o0a
GOODWILL, trade name, ETC.. aOooe
agency contracts ....... 5OO0e
Tp ,........... ..............$ll,0 ae [
connection with these articles Of incor
poration an accurate, detailed and iter.
ized statement of the said property All
assets or the said business hitherto cor
Quoted by the said Thomas J. Lipsconb
.ogether with a statement Of the vslr
mercer, as appraised by the said Thonn
>. Llpscomb, Sr., Clifford X. Lipsconk
ana Thomas ]. Lipscomb, Jr., the dire
tors of this corporation. |
AhIICLE TX. Each share of steel
snaiI De entitled to one vote. There shall
De no cumulative voting.
ARTICLE y. The Board Of Director
OF said corporation are hereby veaH
win all the corporate powers OF sd
eorporation, including among other pcE
ers the Following, viz: the power to msks
after and amend suitable bylaws for u
government of said corporation; h
power TO borrow money, execute mort
cages, Issue notes or bonds, to sell 9
pledge the same, and generally to do d |
thlngs pertinent to or necessary for N |
oDJects and purposes Of said corporsuef
or which are or may be permitted By ~ |
laws applicable to corporations, ~
above recital Of powers granted 70 ~
t boara OF Directors not being excinsin
or Directors with all such other 40
Iurther powers as may be proper &c y
compiish the objects and purposes
said corporation.
stockholders meetings for the elecnn
or directors Of said corporation shall
neid annually on the second MONDAY
January Of each year, beginning W
the year 1923. The Board Of Directen
named in this charter shall hold olns
until said second Monday In Janual
1923, or until their successors are csl
elected and qualified. Failure to e.
directors or to hold an annual meeus
on the day specified in this charter
not dissolve the corporation, but =
directors then in office shall remain
and installed
ARTICLE XII. The President and w
PRESIDENT, the Secretary and Treasan