The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-16
CHARTER.
CHARTER OF THE DOLORES CIGAR
COMPANY. INCORPORATED.


State of Louisiana, Parish of Orleans
City of, New Orleans, Be 1t known that on
this 18th day of January. 1922, before me,
w. Morgan Gurley, notary public, duly
commissioned and qualified 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
persons whose names are hereunto sub
scribed. who severally declare that avail
ing themselves of the laws Of the State of
Louisiana, relative to the organization of
corporations. and particularly Act No. 267
of the General Assembly of 1914 they have
covenante' and agreed, and by these pres
ents do covenant and agree and bind
themselves, as well as all other persons
who may hereafter become associated with
them, to form corporation and body
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 1.-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
period Of ninety-n nine years (S9), from
this date, unless sooner dissolved by law,
or in the manner hereinafter stipulated
ARTICLE 1I-Under said name and
style, said corporation shall have the
power to contract, to sue and be sued, to
make and use corporate seal. the same
to alter, change or amend at pleasure; TO
adopt, make and enforce such bylaws.
rules and regulations for its government
and operation, as it 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
real estate and nprSOnol
to borrow money and to issue negotiable
bonds, bills or notes, or other evidences
of debt: and generally to do and perform
any and all other acts and things. neces
sary and proper, or incident, to the sue
cessful operation and carrying out of the
business outlined in the objects and pur-
poses of this corporation, all according
to law, and as may be deemed necessary
and proper by the board of directors.
ARTICLE III-The objects and purposes
| OF this corporation are hereby declared
to be: To do a general cigar and tobacco
business. To buy. SELL handle, manu-
| facture, etc, cigars, cigarettes, and to-
bacco in all its forms. along with all I'm
| cidentals and appurtenances necessary
to and part of the tobacco business.
And generally to do and perform any and
| all other acts and things necessary and
| incident to the carrying of and operating
| of a general tobacco business in all its
forms and with all Its necessary incidents
/ and cOncomitants.
| ARTICLE IV-All citations and other
| legal process shall be served upon the
| president OF the corporation, or, in his
absence. upon the secretary-treasurer or,
in the absence of both these officers, upon
| the yice-president, at the dOmicile of said
corporation, as herein fixed.
| ARTICLE V-The capital stock of this
| corporation is hereby fixed at the sum of
| ten thousand dollars (S1O,OO0OO), to be
| represented by one hundred 900 shares
| of the par value of one hundred dollars
| ($l00.00) each; provided that the corpora
1 to-. hAA and h
| gin to transact business, as soon as one
! half of it's 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
| to the corporation in payment of stock
issued by it shall be listed and appraised
as required by law.
poration shall be vested in a board of di-
| rectors composed of three stockholders
| 81, except that the officers of said cor
poration shall have and exercise the
| powers granted to corporate officers by
Section IS of Act No. 267 of 1914. A ma
jority of the board of directors shall con-
stitute a quorum for the transaction OF all
business, and 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
event, said election shall be held on the
day following, 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
any question before 1t. All meetings OF
said stockholders or directors shall be
held at the domicile of the corporation
the directors, valid meetings of the board
of directors may be held outside the state
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, vicepresiden,
and a secretary treasurer, provided thai
any two or more Of said offices may be
consolidated 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 sucf
may be provided for in the bylaws; OF
as may be designated by the board o.
directors at any regular or special meet
ing.
The first annual meeting OF stOckhoiuer'
shall be held on the first Monday In Jan
uary, 1923, subject to the foregoing pro
visions Until that time, the following
shall act as the board of directors: M
Truman Woodward, Emile z. Suarez, anc
Frank ID. Franklin. Until said date, OF
until their successors are elected, the sait
NJ. Truman Woodward shall be president
the said Emile L. Suarez, vice-president
and the said Frank ID. Franklin, secre
: tary- treasurer.
ARTICLE vII-The capital stock OF THU
, corporation may be increased up to on
, hundred thousand dollars C$1OO.OOO.O0)
and to such amounts, from time to time
as may be deemed necessary by the direc
tors to carry on the business, provided
! that any increase shall be made by vot
of not less than, two-thirds or all out
standing stock; and provided further tina
notice of such meeting to increase tn
| capital stock, or decrease the same, in ac
J cordance with law, shall be given as pro
/ vided by law. This charter may o.
, amended, or altered, In any respect, o.
complying with the laws Of the state re
, lative to the amendment Of charters, II
force at such time such amendment Is con
5 templated.
ARTICLE vIII-This corporation ma.
be dissolved either by limitation or other
wise, and when dissolved, its affairs shal
be liquidated by two commissioners, elect
' ed from the stockholders, which Hquida
tors shall, II required by the holders o
not less than twenty-five per cent (25%
of the outstanding stock. furnish BON
he n n