The herald., 1922-12-14
CHARTER.


and direct. All stock shall be paid IN
full and non assessable when issued.
The capital stock of this corporation
may be increased as provided by law
to the sum of Two HUNDRED Hn d. and Fifty
capital stock be increased, the persons
holding the stock of the company at that
time shall each have the right to take
shares then held by them, respectively
with such restrictions as the Board of
Directors may determine.
No shares of stock of this corporation
shall be transferred except upon the
books of the corporation or until the
share or shares of stock to be trans
ferred shall have been delivered to sthe
corporation and duly cancelled, and the
corporation shall have the right to re- re-
fuse To make such transfer upon its
books as long as the owner of the stock
is in any way indebted TO the corpor-
No stakeholder shall have the right
TO dispose of his stock until he has first
offered the same for sale TO the corpor-
alton through its Beard of Directors,
and the said Board of Directors shall
have the power for thirty 500 days from
date of such offer to purchase such
shares pr the benefit of the corporation
at a price to be named by such stock
holder but for not more than their book
value as shown by the inventory last
made.
The Board of Directors shall have the
right to declare forfeited any stock sub
Scription not paid within thirty 600 days
after notification Of call. or il may pro
coed to collect such stock subscriptions
as provided by law.
across the face of each certificate of
stock the following: These shares are
issued and shall be held subject to the
charter and bylaws of this corporation"
ARTICLE V. All the corporate pow
ers of this corporation and the manage
and control of IFS business shall
be vested in and exercised by Board
OF Directors composed of not less than
three nor more than seven stockholders.
except that the officers of said cOrpor-
alton shall have and exercise the power
granted to corporate officers by Section
16 Of Act No. 267 of 1914.
The present Board of Directors shall
consist of three stockholders, q majority
Of whom shall constitute a quorum for
the transaction of any and all business.
and majority vote of the quorum
present at any meeting shall constitute
valid and corporate acts. within the
scope. authority and power of the Board
Of Directors.
Said directors shall be elected annually
on the first Monday of November of each
and every year, at meeting of the stock
holders called for that purpose. All such
elections shall be by ballot and con
Quoted at the office of the corporation
under the supervision of two commission
ers to be appointed by the Board of
Directors. Each stockhoder shall be en-
titled to one vote for each share of stock
standing in his name upon the books of
by proxy. and a majority of the votes
shall elect. A failure at any time to
elect directors shall not dissolve this
corporation or forfeit this charter. but
the then existing directors shall continue
In office until their successors are elected
and have taken their seats.
Immediately after the election of direc-
tors they shall meet and elect from their
20
Presidents. Secretary, and Treasurer.
but which two latter officers may be
conf dsd In one person. The duties Of
pertain to the position TO which they
are elected. and such as may be provided
for in the bylaws, or as may be desig
mated by the Board of Directors at any
regular or special meeting.
The Boar5 of Directors shall make,
change. modify and alter all bylaws.
rules and regulations for the manage
tion as they think proper: purchase.
lease. sell. sub lease. mortgage. pledge
property. real. personal and mixed: make
and sign notes. mortgages. bonds and
contracts; fill vacancies occurring among
the officers or among their own number
for the unexpired term Of such director
or officer: and generally do any and all
such matters and things are neces-
Sary and proper for the successful man
agement of the business of the corpor-
alton.
Inc nrst meetlng or the stockholders
of this corporation shall be held on the
first Monday in November, and annually
thereafter. Until that time the following
named parties shall compose the first
Percy L. Elliott. New Orleans. La.
Edwin F. Marx, New Orleans. La. i;
s. Sanford Levy. New Orleans. La.
with the following officers: Percy L.
President; Edwin F. Marx. Secretary
Treasurer. who shall serve until the first
annual meeting of the stockholders or
until their successors are duly elected
ARTICLE vi. This charter may be
amended or this corporation may be dis
solved in the method and manner pro-
ARTICLE VII. No member Of this
shall ever be held liable or
responsible for the contracts or faults of
this corporation in any furthr sum than
III unpaid balance for his stock subscrip-
ton. nor shall any mere formality in
organization have the effect of rendering
this charter null or of exposing a men,
vided
Thus done and passed in my office at
the city of New Orleans. on the day and |
date first hereinabove written. in the
presence OF Sidney c. Mimeles and A. L. |
competent witnesses. who here
unto sign their names with said appear
trs and me, notary, after due reading of
the whole.
Original signed: p. l.. Elliott. A shares
s. Sanford Levy. 1 share sub |
scribed; Edwin f. Marx. shares sub
scribed.
Witnesses: Sidney c. Mimeles, A. L.
THEODORE H. McGIEHAN.
Notary Public.
State Of Louisiana. Parish Of Orleans |
Before me. Theodore ii. Mcclellan, q |
notary public in and for the parish of
Orleans. therein residing. and in the |
presence Of the witnesses hereinafter
named and undersigned. personally came |
and appeared Edwin F. Marx and s. San
ford Levy. who being by me first duly |
sworn. depose and say that they are two |
of the individual members Of the New
Orleans Printing Company. Incorporated. |
a corporation now in process Of organi- |
zation; that Percy L. Elliott is the owner |
NJ the following described property. con- |
sisting OF presses, machines, type and |
cases. motors etc. |
All the herein described property is |
owned by Percy L. Elliott: he has offered |
this pronerty. together with all the good.
VIII. rights and interest therein to the |
New Orleans Printing Company. Incor- |
Dorated. for and in consideration Of the |
ISSUANCE to him individually of Fortv- |
four Hundred Dollars Sk$44O0.00 Of the |
ranital stock of said corporation
That the said property so offered bv |
the said Percy L. Elliott is described |
as follows:
] Cylinder Press ......... So. O0o On |
loxI2 Press ................ 10000 /
Sx12 Presses .............. 600 % 4
I Electric Cntting Machine 3OOO0 |
l Punching Machine ... 1880 /
! stitching Machine . J7s On |
l Perforating Machine 100 On |
I Lot OF Type and Cases mn IN /