The herald., 1922-09-28
CHARTER.

i 1910, they have covenanted and agreed
| and do by these presents, covenant and
| agree. bind, form. and constitute them
/ selves. well as such other persons as
| may hereafter join or become associated
/ with them, in corporation and body pol
l itic in law, and for the objects and pur-
| poses. and under the agreements and Stip-
| ulations following, to-wit:
| ARTICLE 1.-The name and title of this
| corporation shall be the James 7. Will
1 liams, Incorporated, and under its cor
porate name it shall have and enjoy eX-
Il istence and succession for a term of nine
ty-nine years from this date.
ARTICLE 1.-THE domicile of this cor
poration shall be in the city of New
Orleans Parish of Orleans, State of Lou
iSiana, and all citations or other legal
process shall be served on the president
of said corporation or, in the event of his
absence inability to act upon the
vice president or upon the Secretary and
treasurer.
ARTICLE III.-The objects and pur-
poses for which this corporation is estab-
lished, and the business to be carried on
by II. are hereby declared to be TO man
fracture. purchase and sell optical goods
and glasses of every character mathe-
NAUTICAL and scientific Instruments pho
tographic supplies and materials. and all
| articles of merchandise pertaining to such
I business, and in general, to do all acts !
| and things reasonable and necessary for
! the conduct Of such business or in CON
nectiOn Herewith.
To purchase or otherwise acquire and
hOld. sell, assign, transfer. mortgage.
pledge or otherwise dispose of the capi-
tai. stock and bonds. debentures or other
evidences of Indebtedness created by any
other corporation or corporations. dOmeS-
nc or foreign, and: while the owner there
or, to exercise all the rights and privi-
leges OF ownership. including the right
TO vote thereon; TO borrow money and TO
make such promissOry notes. bills of ex-
a. n 81
and evidence of indebtedness of all kinds
whether secured by mortgage. pledge or |
otherwise, and to secure the same by ,
mortgage. pledge or otherwise: TO con-
businesses and unlimtedly and without ,
restriction to hold, purchase. lease. mort !
gage and convey real and personal prop | a
erty In the several States and Territories h
or the United States, Colonial possessions
or territorial acquisitions of the United
states and in foreign countries as shall q
from time to time be found necessary or !
for the purposes of the com u
pany's business. To do all and everything I
necessary. suitable. convenient or proper 5
for the accomplishment of any purpose y
or or the attainment of any one or more .
or the objects herein enumerated or incl q
dent to the powers herein named or which II
snail at any time appear conducive or ex- u
pedient for the protection or benefit of d
lne corporation. either as holders Of. or q
interested in, any property or otherwise u
win all powers now or hereafter to be e;
conferred by the laws Of this state upon VI
corporations organized in this state
II is the intention that the objects and -
bowers specified and the clauses contained W
a ms paragraph shall. except where o,
expressed In said paragraph be ~
10 wise limited or restricted by reference ~
o. or inference from. the terms of any -
liner clause in this or any other para ar
raph OF this charter. but that the objects -,
nd powers specified in each of the clauses u
7 this paragraph shall be regarded as -
Independent objects and powers but moth -
hg herein set forth is TO be construed TO =,
uthorlZe the formation hereby of any ~
nited States or State Safe Deposit or m
rust Company, Banking Corporation or sh
a'lhSs Bank, or corporation deemed to
oSSeSs any powers prohibited to cor
OratiOns formed under saving bank stat
tory provisions for the purposes of said II
OrporatiOn.
To loan or advance money or 70 give ga
-edit TO such persons and on such terms 81
may seem eXpedient. and in particular th'
customers and others having dealings ITO
on with the business of the company To off
lter into. make. perform and carry out
,ntracts Of every sort and kind with any
'rivate or public), or municipal. or body
'lltic, or with the United States Govern re-
ent. or any State, Territory or Colonial '"'
possession thereof. or any foreign gov An
nment: to manufacture eXport imDort NJ
~. sell and generally to deal in goods -
ares and merchandise of every descrip- CH
on To purchase, lease or otherwise
quire all kinds of personal propertv =,
hich the corporation may deem neccs L
ry or convenient for the purpose of IS ISla
me or as agent or on commiss;on o. day
inps pertinent or qermane 70 The r;ah. and
d powers herein conferred. enc
rms corporation shall have the right to ma
gage in businesses Of a general kind dul
d character, whether cognate or ger in
me to the main purpose or not not spe- Of
lily prohibited by the laws of the State pre-
Louisiana excepting that of a Home nan
'ad or a Bank. and
This corporation shall have the right era
contract sue and be sued and may use of
corporate seal, the same to break and STA
er at pleasure. and
ARTICLE Iv.-The capital stock Of this ayr
rporation is hereby fixed at Ten Thou and
nd tS1OOOOOO) Dollars, divided into as
d represented by one hundred GOo) com
ares of the par value of one hundred corr
liars each, which shall be paid for in and
sh subscribed to this corporation. or foil
property transferred to It. or services A
italy rendered to the corporation. Such nor,
'ck, when so issued, shall be fully paid Ser,
d worcestershire. nor,
The capital stock may be increased TO thor
amount not to exceed fifty thousand iste
liars, and may be issued as dividend and
rein at the discretion of the stockhold- from
|, and when the condition of the corpor- trac
on permits IL. The board of directors use
" also reduce the capital stock from brea
ne 10 time from the earnings of the ceiv
poration, by calling in a proportional as
e of Its shares, to be selected by draw PROF.
Is from among the stockholders re- pdr
ded In such manner as may be agreed app,
On by the board Of directors. and
10 stockbo,der sbou call ~ o.L., cow
pose or his stock in this corporation 1 alu
hout first offering the same in writing ,,,on
the other stockholders, who shall have Iii
days refusal Of the same and which .Ie1
ok shall be sold to the highest bidder. o eaia
,uld said stockholders fail to avail anu an
mselves of the privileges within said an an,
lod of time, the said stock NAV be .h nu
red and sold to any other person. '"or
RTlCLE VAN the corporate powers - "a
this corporation shall be vested in and O.,pp
rcfsed by a Board to be composed of 81
less than three stockholders. but this sn oIl'
nber may he changed from time TO na ,.
e by the stockholders at a meeting ~ por q
Y convened. VI
J case OF any vacancy in any director tary
,, through death. resignation. disaual- ar
tion or any other cause, the remaining non "a
ctors, by the affirmative vote of a ma t.h,s
ty Of the board of directors may elect "a II
uccessor to hold office for the unex- 81 g. "
d term Of such director, whose place "eu
il be vacant. until the election of a To
'essor. Any officer or employee elected or
appointed by the board of directors railw
be removed at any time by a vote of ways
majority Of the whole of the stock trans