The herald., 1922-03-23
CHARTER.
CHARTER OF WRIGHT FURNITURE
CO. INC,


teen hundred and twenty-five and of the
Independence of the United States of
America the one hundred and forty sixth
Before me. ]. Henry Forcelle Jr., 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 avaling 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 dac do by
these presents covenant and agree and
bind themselves as well as all such per-
sons as 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 1.-The name and title of this
corporation shall be Wright Furniture
Company, Inc, and ii shall exist and en-.
joy succession by its corporate name for
a 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 domiciIe shall be in the City of New
| Orleans. Louisiana, and all citations ard
| other legal process shall be served upon
/ the president or secretary, N 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: \ gen
| eral merchandise business, to manufacture,
| import and export. buy and sell at whole
| sale 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 (Sl0,000.00) TO he divided in
to and represented by one hundred t1OOl
shares of the par value of one hundred
dollars (SlOOO0) EACH which said stocl
shall 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 upOT
terms to be fixed by said board of direc'
) tors.
All transfers of stock shall be made OF
the books IF the co.. poratlon and no trans
fer of stock shall be in any way bindinE
on the corporation unless and until 1t Ii
made in pursuance 10 the provisions o.
this charter.
No stakeholder of this corporation shall
be permitted to sell or otherwise dispos'
of his stock without first offering the same
; in writing. to the other stockholder
through the board Of directors, at prize
not exceeding the book value thereof
and said stockholders, in proportion t
their holdings shall have an option an'
first right of purchasing all of the share
l of stock to be thus disposed of by sale O
otherwise of any of the stockholders ant
| shall have a period of ten days in which
! TO accept or decline said offer. Should tn
stockholders decline to purchase SAT-
stock then such stakeholder is at libert
to sell or dispose of the stock and may q
so in any manner and at any price
5 may deem fit.
Each share of stock is issued herei
e upon the condition and understanding
: that no stakeholder shall sell or otherwis
: transfer his stock in violation hereof an
: any such sale or transfer If made sha
] be void and this corporation shall be IN
e der no Obligation to list said stock on II
e books or to regard the holder Of the Gel
tifcate thereof.
J. The capital stock Of this eorporatio
b may be increased to any amount not eA
D ceeding two hundred and fifty thousan
b dollars. Each share of stock shall entitl
e the owner thereof either in person c
: by proxy, to cast one vote at all gener;
T meetings.
= ARTICLE Iv-An the corporate power
! of said corporation shall be vested in an
s exercised by a board of directors con
o posed of not less than three nor more tina
T seven stockholders. to be elected at q
K annual meeting of the stockholders TO |
s held on the first Tuesday of February
e each year; if the date fixed for said ele
# ton fall on a legal holiday, then sal
'e election shall be on the first day ther
2: after not a legal holiday. All such ele
II tons shall be by ballot, at least n1tet
d l5) DAYS previous notice thereof shall
E. given to each stakeholder, either persol
Is ally or by depositing the same in the pc
office properly addressed. A majority
e, the votes cast shall elect and each share
lie stock shall be entitled to one vote to
D cast by the owner in person or by prox
n The directors thus elected shall ser
s and continue in office for one year, or uni
l. their successors shall have been du
m elected and shall have qualified; failu
III to elect directors on the date above spec
at fed shall not dissolve the corporate
De but the existing board shall cause anoth
c, election to be held within thirty ia
III thereafter. whereof fifteen days previo
as notice shall be given.
IN ANY vacancy occurring in the officers
OF board from any cause whatever, snail
OF filled for the unexpired term by the
4 naming directors. Any director who m
be absent from the city Of New Oriea
RS shall have the right to appoint any stoc
n holder Of the corporation to vote Tor d
.. at any meeting of the board OF direS rD1
NJ all the powers Of such director appointi
40 him.
or majority Of the directors shall CO
i'd stitute a quorum for the transaction OF
II, business.
ut. The board of directors shall elect fro
e. their number a president, a vice-preslde
assecretary and treasurer and such OH
lis officers as they may think proper or &C
ne yenient for the carrying on OF the c.
D., porations business and shall have pow
ne, TO unite two or more offices or to dispeI
&c with any office in their discretion and
ed fix the salaries of all officers, agents a
tie employees; the said officers shall contlI
1T in office for one year from such elect
lat or until their successors are elected q
ne have qualified. .
ac- Said board of directors shall have
ro- power and authority to exercise all
be powers conferred on this corporation
by these articles Of incorporation or VIII
re- are or may be permitted by the laws
In plicable to corporations.
'h- The following persons shall constit
the first board of directors and shall Sc
ay until the first Tuesday in February II
@ or until their successors shall have o.
al al elected and qualified. viz: James A Clt
a. ent. Joseph p. Reider, and Ihomas
a, Wright, all Of New Orleans, La Win
,toi said James A. Clement; as presid'
20 Joseph P. Reider as vice-president
mo Thomas T. Wright, as secretary-treasui
nj ARTICLE v-This act Of incorporat
NJ. NAV be amended, altered and modified
ct this CORPORATION dissolved in the man
md provided by law and particularly In c
,gs formity with said Act 26l OF 1914.
nv ARTICLE VINO shareholder shall {