The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-16
CHARTER.
CHARTER OF WRIGHT FURNITURE
co. INC.


State Of Louisiana, Parish Of Orleans.
City of New Orleans, BE il known. that
on this fourteenth day of the month of
February In the year of our Lord nine
teen hundred and twenty-five and Of the
Independence of the United States of
America the one hundred and forty sixth
Before me- j. Henry Forcelle, Jr., a no
tary public, in and for the Parish of Or
leans, State OF Louisiana, aforesaid. duly
commissioned, sworn and qualified and in
the presence of the witnesses hereinafter
named and undersigned, personally came
and appeared, the several persons whose
ally declared that availing themselves of
names are hereuntO subscribed, who sever
the provisions of the general laws of this
State, particularly Act 267 of 1914, they
have covenanted and agreed aaG do by
these presents covenant and agree and
bind themselves as well as all such per-
sons may hereafter become associated
with them. to form and constitute cor
pOratiOn and body polite in law, for the
objects and purposes and under the stipu-
lations and agreements following, to-
wit:
ARTICLE THE name and title Of this
corporation shall be Wright Furniture
Company, Inc, and il shall exist and en-.
JOY succession by its corporate name for
period of ninety nine (99) years from
the date hereof. unless sooner dissolved.
with all the rights and powers now or
hereafter conferred by law upon similar
corporations.
lis domicile shall be in the City of New
Orleans. Louisiana. and all citations and
other legal process shall be served upon
the vice-president or secretary, IN The
order named
ARTICLE 1.-THE objects and purposes
for which this corporation is organized
and the nature of the business to be car
ried on by il are declared to be: A gen
eral merchandise business, to manufacture,
import and export, buy and sell ut whole
sale or retail or otherwise acquire and dis
pose of and generally to trade in and deal
In goods, wares, products, commodities
and merchandise of any or every kind and
description, particularly furniture and
household goods and effects and generally
to do and perform such acts and deeds
and transact such business as may be in
cidental or germane to any of the OBJ
jects and purposes herein set forth; the
foregoing details not being intended to
be exclusive. il being intended to do any
act or thing necessary to carry out and
accomplish the purposes of said corpora
ton.
ARTICLE III-The capital stock of the
corporation Is hereby fixed at ten thou
sand dollars (S10,O00O0) to be divided in
to and represented by enc hundred QO0l
shares of the par value of one hundred
dollars (S1OOO0) each: which said stock
shalh be paid for in cash or in property
and good Will transferred to said corpora
ton, or in work done for, or service rem
dered to said corporation, as may be de-
cided by the board of directors and upon
terms to be fixed by said board of direc-
tors.
All transfers of stock shall be made on
the books IF the corporation and no trans
fer of stock shall be in any way binding
on the corporation unless and until 1t Is
made in pursuance TO the provisions or
this charter.
No stakeholder of this corporation shall
be permitted to sell or otherwise dispose
of his stock without first offering the same,
In writing, to the other stockholders
through the board of directors, at price
not exceeding the book value thereof /;
and said stockholders, in proportion to
their holdings shall have an option and
first right of purchasing all of the shares
of stock TO be thus disposed of by sale or
otherwise of any of the stockholders and
shall have a period of ten days in which
to accept or decline said offer. Should the
stockholders decline to purchase said
stock. then such stakeholder is at liberty
to sell or dispose of the stock and may do
so in any manner and at any price he
may deem fit.
Each share of stock Is issued herein
upon the condition and understanding
that no stakeholder shall sell or otherwise
transfer his stock in violation hereof and
any such sale or transfer IL made shall
be void and this corporation shall be I'M
der no obligation to list said stock on its
books or to regard the holder of the GER
| tificate thereof.
The capital stock Of this corporation
may be increased to any amount not ex-
ceeding two hundred and fifty thousand
dollars. Each share of stock shall entitle
| the owner thereof, either in person or
| by proxy, to cast one vote at all general
meetings.
ARTICLE Iv-All the corporate powers
of said corporation shall be vested In and
exercised by a board of directors COM
posed of not less than three nor more than
seven stockholders, to be elected at an
annual meeting of the stockholders to be
held on the first Tuesday of February OF
each year; il the date fixed for said cleo.
| ton fall on q legal holiday, then said
election shall be on the first day there
after not a legal holiday. All such cleo
I tions shall be by ballot, at least fifteer
| 15) days previous notice thereof shall be
| given to each stakeholder. either person
ally or by depositing the same in the post
| office properly addressed. A majority OF
| the votes cast shall elect and each share OF
| stock shall be entitled to one vote to bs
cast by the owner in person or by proxy
| The directors thus elected shall serve
and continue in office for one year'or unit
| their successors shall have been duly
elected and shall have qualified; failure
to elect directors on the date above speci
| fed shall not dissolve the corporation
but the existing board shall cause another
election to be held within thirty days
thereafter, whereof fifteen days previout
notice shall be given.
Any vacancy occurring in the officers oil
board from any cause whatever, shall b'
filled for the unexpired term by the re
naming directors. Any director who ma,
be absent from the city of New Orlean:
| shall have the right to appoint any stock
holder of the corporation to vote for hin
| at any meeting of the board Of directors
and such proxy shall have and eNercis'
all the powers Of such director appointing
him.
A majority Of the directors shall con
stitute quorum for the transaction of al
business.
The board of directors shall elect from
their number a president, a yice-president
a secretary and a treasurer and such othe
officers as they may think proper or con
venient for the carrying on OF the cor
porations business and shall have powe
to unite two or more offices or to dispens
with any office in their discretion and t
fix the salaries of all officers, agents an'
employees; the said officers shall coptinu
in Office for one year from such election
or until their successors are elected an'
have qualified.
Said board Of directors shall have full
power and authority to exercise all tn
powers conferred on this corporation o;
these articles Of incorporation or whicl
are or may be permitted by the laws ap
plicable to corporations.
The following persons shall constitut
the first board Of directors and shall sery
until the first Tuesday in February 192a
or until their successors shall have bee
elected and qualified, viz: James A. Glenn
ent, Joseph p. Reider, and Thomas I
Wright, all of New Orleans, La, with tn
said James A. Clement, as president
Joseph p. Reider as vice-president an
Thomas T. Wright, as secretary-treasurei