The herald., 1922-03-09
CHARTER.
CHARTER OF THE DOLORES CIGAR
COMPANY, INCORPORATED.

. IN and for
the Parish of Orleans, State of Louisi-
ana and in the presence of the witnesses
| hereinafter named and undersigned. per
sonally came and appeared the several
scribed. who severaily declare that. avail
| ing themselves of the laws Of the State of
Louisiana, relative to the organization of
corporations. and particularly Act No 267
or tpe General Assembly of 1914 they have
covenanted and agreed, and by these pres
ents do covenant and agree and bind
themselves, as well as all other persons
VINO may hereafter become associated with
polite in law, for the objects and pur-
poses, and under the stipulations herein
after set forth, which they hereby ADOPT
as the charter of this corporation.
ARTICLE THE name and style of this
corporation shall be Dolores Cigar Com
pany, Incorporated, and its domicile is
hereby fixed at the City of New Orleans.
Parish of Orleans, State of Louisiana,
Where, by said name, il shall have and en-
JOY corporate existence and succession for
a period of ninety nine years Cs9). from
this date, unless sooner dissolved by law
! or IN the manner hereinafter stipulated
ARTICLE ll-Cnder said name and
! style, said corporation shall have the
power 10 contract, to sue and be sued 10
make and use corporate seal the same
10 after. change or amend at pleasure; to
ADOPT make and enforce such bylaws
rules and regulations for its government
ana operation, as 1t may choose not con-
trary to the laws of the United States
the laws OF the State of Louisiana, or this
charter; to employ, and fix the compensa-
ton OF, such officers, employees or agents
as the interests of the corporation may
require; to purchase. lease hold, receive
hypothecate. convey, sell. pledge or mort
TO borrow money and to issue negotiable
ponds, bills or notes, or other evidences
OF debt; and generally to do and perform
any and all other acts and things. neces-
cessful operation and carrying out of the
business outlined in the objects and pur.
poses Of this corporation, all according
10 law, and as may be deemed necessary
and proper by the board of directors
ARTICLE III-The objects and purposes
or this corporation are hereby declared
TO be: To do general cigar and tobacco
business. To buy. sell, handle. manu-
iacture, etc, cigars, cigarettes. and to-
bacco in all it's forms. along with all in
cldentals and appurtenances necessary
to and part of the tobacco business
And generally to do and perform any and
incident to the carrying of and operating
OF general tobacco business in all its
forms and with all its necessary incidents
and concomitants.
ARTICLE Iv-An citations and other
legal process shall be served upon the
president of the corporation, or, in his
absence, upon the etary-treasurer or
IN the absence of both these officers, upon
corporation, as herein fixed.
ARTICLE V-The capital stock of this
corporation is hereby fixed at the sum of
ten thousand dollars $50 O00OO), to be
represented by one hundred (1OO) shares
OF the par value of one hundred dollars
(S1OOO0) each; provided that the corpora
ton may become a going concern, and be-
gin TO transact business. as soon as one
half of its said capital stock has been
subscribed for. No stock shall issue until
fully paid for In cash, in property, in
valuable services, or for other valuable
consideration; and all property transferred
10 the corporation in payment of stock
issued by 1t shall be listed and appraised
as required by law.
ARTICLE VI-AH powers of the cor
poration shall be vested in a board of di-
rectors, composed of three stockholders
(3), except that the officers of said cor
poration shall have and exercise the
powers granted to corporate officers by
Section 16 of Act No. 267 Of 1914. A ma
Jority of the board of directors shall con-
stitute quorum for the transaction of all
business, and a majority vote of the
quorum present at any meeting shall be
valid and corporate acts.
Said directors shall be elected annual
ly on the first Monday of January of each
year, except when said date shall fall on
Sunday or other legal holiday, in which
event, said election shall be held on the
day following, or as soon thereafter as
practicable, and they shall hold Office for
term of one year or until their success
sors shall be elected and qualified.
Each stakeholder of record on the books
Of said corporation shall be entitled to
cast at such meeting, either in person or
by proxy, one vote for each share of stock
held by him, and a majority of the votes
cast at. such meeting shall elect, or decide
said stockholders or directors shall be
held at the domicile of the corporation.
except, with the written consent of all
the directors, valid meetings of the board
N mn ho haIA SfA do thn ctotQ
or In the state, elsewhere than at its
domicile.
Any vacancy occurring, for any cause.
In the board of directors, between the
dates of the annual meetings herein pro-
vided for. shall be filed by the remain
ing members OF the board of directors.
Immediately after the election of the di-
rectors, they shall meet and elect from
their number a president a vice-president
and a secretary-treasurer, provided that
any two or more of said offices may be
and held by the same direc-
tor. The duties of the said officers shall
be such as usually pertain to the positions
to which they are elected, and as such |
may be provided for in the bylaws, or |
as may be designated by the board of
directors at any regular or special meet |
The first annual meeting Of stockholders |
shall be held on the first Monday in Jan. |
uary, 1923. subject to the foregoing pro- |
visions. Until that time, the following |
Truman Woodward. Emile e. Suarez, and |
Frank ID. Franklin. Until said date. or |
until their successors are elected, the said |
NJ. Truman Woodward shall be president, |
the said Emile l.. Suarez, vice-president |
and the said Frank d. Franklin, secre- |
ARTICLE vII-The capital stock Of this |
corporation may be increased up to one
hundred thousand dollars ($100.00000), |
and to such amounts, from time to time, /
rs may be deemed necessary by the direc- /
tors to carry on the business, provided |
that any increase shall be made by vote /
Of not less than two-thirds of all out
stock; and provided further that |
notice Of such meeting to increase the
capital stock, or decrease. the same, In ac-
cordance with law, shall be given as pro-
vided by law. This charter may be |
or altered, In any respect, by |
with the laws Of the state re-
lative to the amendment Of charters, In
force at such time such amendment Is con-
templated.
ARTICLE vIII-This corporation may
be dissolved either by limitation or other
wise, and when dissolved, its affairs shall
be liquidated by two commissioners. elect
ed from the stockholders, which iquida-
tors shall. II required by the holders of
not less than twenty-five per cent (25%) |
Of the outstanding stock, furnish bond
not greater than the appraised value Of
he assets Of the corporation. Said liqui-
iators shall remain in office until the af-
'airs Of the corporation shall be fully set
lied and liQuidated, with full power and
authority to do any and all acts or things