The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-02
CHARTER OF W. ID. CLEARLY CO.. INC.


> Notary Public.
Jan. ). Feb. g.
CHARTER OF W. ID. CLEARLY CO.. INC
lie it known that on this 22nd day o
the month of December, 1921, Before me
Scott f.. Beer, notary public i'll and 10
the Parish of Orleans, State OF Louisiana
therein residing. duly sworn, commits
stoned and qualified, and in the preScnc
of the witnesses hereinafter named an,
undersigned, personally came and ap
pearcd the several persons whose name
are hereto subscribed who SeNerally de
clared that availing themselves OF IL,
laws of this State relative To the torma
ton of corporations, they hereby cOnsti
tute themselves. their associates, success
| sUrS and assigns, a corporation for TIT
objects and purposes and under the con
ditiGns and stipulations OF the following
articles which they hereby adopt as theiI
charter, to-wit:
| ARTICLE 1.-The name and title of thi,
! corporation shall be ". ID. Cleary Co..
Inc, and its period of duration shall bt
ninety nine years from and after the
| signing of this charter.
| said corporation shall have for the pur-
poses of tine business to be carried on by
/ it all the powers conferred by law upon
! corporations and shall generally eNer-
/ else all the powers necessary 20 carry on
said business; said corporation shall have
| full power 10 contract, sue and ba sued
/ i'll its corporate name, to make and Use
| u corporate seal, and the same TO break
and alter at pleasure; to hold, receive
purchase, rent or otherwise acquire. and
10 convey, mortgage, hypOthrcate, lease,
| pledge, sell or otherwise dispose of prop
erty, real, personal and mixed; TO issue
bonds, notes and other obligations; to
name and employ such managers, direc-
tors, officers agents and other employees
as the interest and convenience of the
corporation may require and TO make
such bylaws, rules and regulations for
the management and control of the cor
poration as the directors may deem fit
and proper.
ARTICLE 1.-THE domicile of the cor
poration shall be in the City of New Or
leans, La. All citation and other legal
process shall be served on the President
and in case of his absence or disability
upon the Vice President or Secretary
Treasurer
ARTICLE III-The objects and pur-
poses for which this corporation is organ
lied and the nature of the business to
be carried on by it are hereby declared
to be: To carry on in the City of New
Orleans, State of Louisiana, and else
where, the business of wholesale dealers
and jobbers in jewellers supplies, watch
materials, jewelers. tools and merchan-
disc of a similar kind or character, or
in any kind of goods and merchandise
related thereto or in any wise connected
Herewith; and in the course of the said
business, to buy and sell the kinds of
and goods above referred to
and to do all things related to or inciden-
tai to the said business or in any wise
Herewith.
ARTICLE IV-The capital of the said |
corporation is hereby fixed at the sum |
Of Ten Thousand Dollars (Slo,OO0.OO), con-
sisting of One Hundred shares of stock |
Of the par value of One Hundred Dollars |
(S1OOOO) each one-half of the said CAPT |
-al stock shall be subscribed for at the |
signing of these articles of incorporation,
and one-half of the stock SO subscribed
ior shall be paid in cash before the
corporation may engage in business. The
of the capital SO subscribed
or shall be paid in within twelve months
rom the signing hereof.
The remainder of the capital stock au-
horiZed shall be issued by the Board OF |
as ii may determine, at not
ess than par for cash or property re-
eived by the corporation at such value
IS may be fixed by the Board of Direc-
ors.
No transfer of the stock shall be made
kept on the books of the corporation
lpOn the surrender of the outstanding
ertiicate of stock and pursuant to such
ules and regulations as the Board of |
directors may adopt, and neither sale
n other disposition of the said stock
hall be made by any stakeholder with
ut first Offering same in writing for a
'eriod of ten days through the Board of
directors TO the other shareholders at a
rice equal to the book value of as shown
~ the last preceding inventory. /
The capital stocA or this CORPORATION |
nay be increased to S1OO,OO0.OO.
ARTICLE V-All the powers of this
corporation shall be vested in and exer-
Used by Board of Directors to be COM
losed of three stockholders elected by
he shareholders at the annual meeting |
ha bal s,,l
he City of New Orleans, La, on the Goth
lay or January each and every year;
ZACH OF the directors shall own at least
me share of stock standing in his name
IN the books of this corporation. This
corporation shall not engage in business
Until January 20, 1922. and the first an
lual meeting shall be on January 20, 1923
until the said meeting one January, 20
1913, the officers and the board named in
this charter shall remain in Office, anG
shan continue thereafter in Office untll
heir successors are elected and qualified /;
1t each annual meeting or che sharehold-
ers, the said shareholders shall elect from
heir number, board composed of three
md all vacancies in the board may be
1lled until the next annual meeting by
he remaining directors; any director may
De represented at any meeting by any
stakeholder by written proxy. As soon
is practical after the said annual meeting
and election of the said board of direc-
US, the saiu DOdru OF directors, shall
elect from its own number a President
| Niee-President and a Secretary-Tre
lrer; the failure to hold the annual meet
ng and to elect directors as aforesaid.
snail not affect this corporation nor i'm
pair its management. but the officers and
directors then in Office shall continue in
'ffice until the successors are elected and
qualified.
The first Board of Directors and off.
'ers OF this corporation and their post
'lhce addresses, are as follows: w. ID.
.leary, New Orleans, Louisiana, Presi-
lent; Robert Hinote, Florala, Alabama,
j. +. Bell, Florala Ala
'ama, Secretary Treasurer
The Board of Directors may at any
ime alter, amend and repeal the bylaws
II the corporation.
ARTICLE VI-This act of incorpora-
ion may be modified, changed or altered
r the said corporation may be dissolved
accordance with the laws of this State
Notice Of the meeting of any meeting
L the stockholders for any purpose may Il
e waived by unanimous consent
In case of the dissolution of this cor
Grafton, its affairs shall be liqidated by
ne or more commissioners elected by
majority OF the stockholders represented
purpose, and said commissioners shall
ave such powers and duties as the stock
olders may determine. Ii
ARTICLE Vino stakeholder shall /;
yer be held liable for the faults or con-
racts Of this corporation in any further
m than the unpaid balance due to this
orporatlon on the shares subscribed by
ald stockholder, nor shall any mere in
ormailty have the effect of rendering