The herald., 1922-01-26

United States of America S,o,.
Louisiana. Parish Of Orleans az q
New Orleans. lie II known that ON %
sixth day Of the month of Janr ou ths
the year of our Lord. one Tbonsa"Iy, Il
Hundred and twenty-five. and ". Alls
Independence of Tho United Stata hs
America, the one Hundred and Ts
sixth, before me, ASAHEL W,iiVTr!
COOPER. Notary Public duly rnnAtE
stoned and qualified Ia and TO- ls
Parish of Orleans. Sta,c of IoUi tAs
and in the presence of tho v,i.Sah2
| hereinafter named and undar.iynaS" esrs
sOnally came and APPEARED tba T. Der
persons whose names ar. h.raun,o era
scrlbed, who seycraiiy declared ,se
ayailing themselves OF the proviSio,Aa mat
the general laws OF the State of Ionis q
for the organization Of c.rporationn
especially Act pa IF the Acts 80 Sat
they have cOvenautrd and agresd Hh
| by these presents covenant. ggraa aAd
Dlhu themselves a. Well as such perSo,
as may hereafter become a>>ociotipS isols
them, to form and constitute VIII
alton and body polite in law iPW
| that end they state the FOLLOWING, r, ua %
and things. and execute and adm, 'a.tef'
articles OF incorporation rs folIows sN
ARTICLE l. Tn. name g ,hi.
INC. x Co
ARTICLE .. The object, and nu
for which this corporation is ss,pbiippSs1
anu the nature OF the business To no 'n ose
rleu on by II, are declared and sne.t Ht
to be: To carry on business in Peyinet
ed states and elsewhere as ta .ut
brokers', agents and commission paaoth
or merchants; to buy. sell and deal A4 ~
at Nhoiesale or retail, merchandise. good
wares, food products of every kinSS OOus
description; TO do an import and sxr aaa
| business. and to buy, sell and daPPOr
an kinds Of commodities dealt in nm.
| the New Orleans Board of Trade ar oSa
| Boards of Trade and Exchanges in o otIt
cities of the United States and fo othef
countries; to buy, sell and deal in sss
| and all kinds Of listed and nnIis..i
| stocks, bonds and securities on commi1
sion; and to engage in any other bushes,
objects and purposes. Hs
ARTICLE III. The capital stock Of M.
| corporation Is hereby fixed ut the sum !,
Fifty Thousand Dollars $50 600 oM
be divided into and represented by Ft.
| Hundred (J0O) shares of the mar ,sins
| of One Hundred Dollars (SIOGO0, as"S
which shall be paid for in cash or ma,
be issued for property actually receIysd
| by the corporation, or for services rem.
dered. The capital stock may be in.
| creased to the sum of One Hundred Tbon.
sand Dollars (S1OOOOOOO).
| ARTICLE ". The location OF ,bs
domicile of said corporation shall he !,
the City Of New Orleans. in the ParisS
of Orleans; State Of Louisiana. ''-
| ARTICLE V. The period of duratio,
| years. my wv
| ARTICLE VI. The number NJ d;,..
| TORS OF SAID corporation shall be NOT Ia.
thah three nor more than five n
0 ornrid OF sald corporation shall be thoss
pIheers as may be provided for by m,
| bylaws. The names and noSfo.s sns
addresses OF the directors of said cor.
poration who are selected to serve 10,
ane hrst year, or until their successor,
are elected and qualified shall be 4,
follows: Thomas j. Lipscomb. 1919 Milss
Street, New Orleans, La: Clifford K
Llpsc0mb, 1912 South Robertson street
New Orleans. La; Thomas J. Lipscomb
IT. lSi0 Marengo street, New Orlean,
La; with Thomas J. LipscOmb as PRES.
dent, Clifford X. Lipscomb as Vice.
President, and Thomas j. Lipscomb. Jr
as Secretary and Treasurer. The officer
and directors of this corporation shalI
at all times be stockholders, and should
| any ofncer or director during his tenure
OF office cease to be a stockholder be
| snail ipso factO cease to be an officer or
| director hereof. ana the vacancy thu,
created shall be filled by the remaining
members OF the Board from among the
stockholders.
| ARTICLE VII. The names of the sub.
scribers to these articles of. incorporation
and the number of shares of stock which
each subscriber is to take in said cor.
poration are as follows. Thomas ].
Lipscomb, 200 shares, par value 100000 %;
SIif NO. h Lipscomb, % shares, par value
S2.5OOOO; Thomas j. LipscOmb, Jr. 2
shares, par value $2.5O0.O0.
ARTICLE VIII. The subscriptions Of
| Ihomas j. LipscOmb, Jr., and Clifford
X. Lipscomb to the number Of share.
OF capital stock of this corporation a,
above set forth in Article vii. are 10 Be-
paid for In cash. The subscription Of
Thomas j. Lipscomb, Sr. for 200 shares
of the capital stock OF this corporation
is to be paid for as follows: 90 share.
thereof of the par value of 100000 1,
TO be paid for in cash, the remainder
or IoV shares OF the par value Of sll00
Is to be paid for by him by the SAX
Of all his right, title and interest In and
to the property. assets and goodwill Of
the business hitherto conducted by hin
under the name of T. j. Lipscomb, Al
follows:
Furniture and fixtures ......S 10000
Goodwill, trade name. etc.. 10000
Agency contracts .............. 10000
notal '....'..... .Sll,VUw
There is annexed hereto to be read fl
connection with these articles of incor
poration an accurate. detailed and item
lied statement of the said property ant
assets OF the said business hitherto con
Quoted by the said Thomas J. Lipscomb
together with n statement of the valu
thereof, as appraised by the said Thoms
J. .Lipscomb, Sr.. clifford X Lipscomh
and Thomas j. Lipscomb, Jr, the diree
tors OF this corporation.
ARTICLE TX. Each share Of stool
snail he entitled to one vote. There shsl
be no cumulative voting.
ARTICLE Y. The Board of Director
or said corporation are hereby yeste'
with all the corporate powers a sail
corporation. including among ot-er pow
ers the following, viz: the power to make
after and amend suitable bylaws for IN
government of said corporation; tn
power to borrow money, execute mort
pledge the same, and generally to 90 a.
, things pertinent to or necessary for IN
objects and purposes of said corporau.oan
or which are or may be permitted by IN
laws applicable to corporations. n
, above recital of powers granted 70 ~
Board Of Directors not being exclusive
) the intention being to vest the Boar
of Directors with all such other an
further powers as may be proper 70 as
: complish the objects and purposes
5 said corporation.
Stockholders meetings for the electiee
5 of directors of said corporation shall ?
4 held annually on the second Monday y
{ January Of each year, beginning WI
g the year 1923. The Board OF DirecsSS.
: named in this charter shall hold oin.
Q until said second Monday In Januni
+ 1923, or until their successors are ~ ~
elected and qualified. Failure 10 sis,
a directors or to hold an annual mee.ss
4 on the day specified in this charter w y.
;, not dissolve the corporation ou, 4
I directors then in office shall remain H.
D office until their successors are ei7'''
q and installed. ,..
: ARTICLE NJ. The President and We
o President, the Secretary and Tressais !
ball l.a Iva