The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-09
THE HERALD. ALGIERS, LOUISIANA
CHARTER

CHARTER
of New Orleans, State of Louisiana
and all citations or other legal process
| shall he served upon the President OF
| this corporation, or, in his absence
upon it's Secretary-Treasurer.
| ARTICLE III-The objects and pur-
| poses for which this corporation is
formed and the nature of the business
! TO be carried on and conducted by II
are hereby declared to be- The opera
| tiOn of retail store or stores Tor the
! buying and selling for it's own account
! or as agent or broker, dry goods, no.
| tons and merchandise of every char
| acter and description; to buy, sell,
market and deal in ready-made clothes,
| underwear and wearing apparel OF
| every kind, for men, women and chll-
! dren; to buy and sell piece goods,
shoes. school supplies, stationery and
novelties, and generally all merchan-
! disc, goods and articles usually sold
! and handled in general merchandise
! ing store, and generally to transact
any business and to do anything Incl
! dental TO or connected with the carry
| ing out of said purposes.
ARTICLE IV.-The capital stock of
| this corporation shall be five thousand
| dollars (S5,OO0.OO), divided into and
represented by fifty 600 shares of the
;, t$1OO.00) each, to be paid for in cash:
which capital stock may be increased
Il to twenty-five thousand dollars $685.
! OOO.OO), which stock shall be paid for
in cash or in property or it's equiva-
lent: or, if not in cash, then the Board
of Directors of this corporation shall
determine the value of such equivalent
offered.
ARTICLE V.--All the corporate
powers of this company shall be vested
q, in and the management and control of
( it's affairs shall be exercised by a
Board of Directors composed of three
+ stockholders. A majority of said di-
rectorS shall constitute a quorum for
the transaction of all business. The
r directors shall be elected annually by
the stockholders on the third Tuesday of
r January in each year Each stakeholder
! shall be entitled, in person or by
I proxy. to vote for every share owned
I by him, and all elections shall be held
under such rules and regulations as
may be determined by the Board OF
Directors after fifteen days notice by
mail of such election shall have been
sent to each stakeholder at his last
/ known address. All voting shall be by
ballot The directors thus elected shall
continue in office for one year, or un-
til their successors shall have been
> duly elected and qualified Amy va
: cancy occurring on said board shall be
filIed by the remaining directors for
, the unexpired term; the said board
snail likewise elect the additional
/ members in case they should deter
mine to increase the number of sal ]
board; and all officers and employees
shall hold office at the pleasure of the
board, and all officers, directors and
employees shall hold office at the pleas
ure or the stockholders, who may dis
pace or elect the successors of any one
or all OF them at any time, at a meeting
called for that purpose by notice de-
, llvered personally to each stockholder
or deposited in the postoffice addressed
TO each stockholder at least five days
!, before such meeting.
II Tho Drasidapf NAV on,, 49, oo,-
such meeting. and if the President OF
officers of the corporation refuse OF
fail to call such meeting when re-
= quested by the holder or holders of ter
f per cent of the capital stock outstand
4 ing, then such holder or holders o.
n STOCK may personally or through
f proxy call such meeting to be held a
y the office of the corporation. If fo
any reason the use of the office of tn,
V corporation is refused, or it cannot b,
I, used for such meeting. then the caIle
or callers of such meeting may, actin,
either personally or through proxy
ADJOURN said meeting elsewhere an,
- there hold it,
The first Board of Directors shall
be composed of julius Bodenger, who's
u postoffice address is 157 Delarond
II street New Orleans. Louisiana; Dor
20 Bodenger, whose postoffice address i
~ 1881 Magazine street New Orleans
IA Louisiana, and Morris Bodenger who's
" postoffice address is 301 Seguin stree,
$. New orleans. Louisiana, with Dor
20 Bodenger as President, Julius Boden
IF ger as Secretary and Treasurer. an
e. Morris Bodenger as Vice-President
= ARTICLE Win case of dissolu
r. uon, liquidation or termination of thi
I'd charter by Limitation or otherwise tn
n. affairs of the corporation shall b
ID liquidated by one or more liquidator
lg elected by the stockholders, who ma
2, provide the number of said liquidator
n, ana vest them with such power an
CT authority as may by law be permitted
D. fix the terms and conditions upo
lie which they shall serve and their com
'k pensaton, and provide that, in case o
at death or disability of any one of sal
iy liquidators. the remaining liquidator
n may fill the vacancy or continue to ac
I'd on behalf of the corporation.
" ARTICLE Vino stakeholder sha,
"a ! be liable or responsible for any cost.
~ contracts, debts or faults of the col
Ie poration, or of any of its officers, no
n n shall any mere informality in organi
ot cation have the effect of rendering thi
~ charter null and void, or Of exposin
IN any stakeholder to any liability beyon
the unpaid balance due on the stoc
u held by him.
a ARTICLE VIII-This charter ma
u corporation may be dissolved with tn
nf assent of stockholders owning two
" thirds of the entire capital stock at
=, general meeting of the stakeholder
- CoiiE eneu LOT tnat purpose a1ter 1l1tee
u days written notice shall have bee
given to each stakeholder. mailed I
at him at his last known address.
r. ARTICLE IX-No stakeholder sha
ne sell his share in this company withou
20 having first offered the same to I'll
o. Board of Directors. And said boar
BY shall have the right to purchase tn
ue same for the benefit of the oths
stockholders within ten days Their,
az after at the book value as shown b
an the last annual statement.
az There shall be written or printe
ho across each certificate of stock "Thes
Id shares shall not be transferred exceI
ne in the manner required by the chartt
and bylaws of this Company"
ARTICLE X-The names and pos
office address of the subscribers
u these articles of incorporation and
statement of the number of shares
stock which each agrees to take in tn
corporation are: julius Bodenger, /!
Delaronde street New Orleans La,
shares; Dora Bodenger. 1881 MagaziI
street. New Orleans. La. IL share
. Morris Bodenger, SOL Seguin stree
n New Orleans, La, 2 shares.
Thus done and passed in my offic
in the City of New Orleans, on the ds
and in the month and year first abo'
-. written, in the presence Of Felix
ott Puig and Jeanne Hatrel, compete
OF witnesses. who hereunto sign the
on naueS with tho said annaararS opd N,