The herald., 1922-01-12
CHARTER OF I. }. LIPSCOMB A. Co
INC.

Jan. l. Feb. III
CHARTER OF 7. }. LIPsCoMB & 90
nlted states of America. State O,
Louisiana, Parish of Orleans. din -,
New orleans: lie it known that on thi,
IL ia! OF The month OF January. in
tHe year OF our Lord. One Thousand Nin.
hundred and Twenty 1.-TWO. and of m,
tHuepehdehce of the United States an
Ainerlca; the One Hundred ana Forty.
siAtn, before me, ASAIIEL WAI.EEp
COOPER, a Notary Public duIv c,ri',i - IA
stoned and qualified i'm and for "i'i ,is,
IdrIsh OF Orleans. State of IouiSi,,,
anu IN the presence of the vitn.'
nereInaiter named and undersigned n..r
,,r's came ana appeared the several
scriLnI Nhp>e names are hereunto sub.
ipeu' VINO Severally declared th,t
az diIihS themselves of the nroviSior ~,
sne general laws OF the State of -,
.O', ,ne organization of corporations and
M, -ict 2o' of the Acts of 1911
by III" co'ehanted and agreed. and
~ THESE presents covenant .gran i
olhd themselves as well as sucb 1no
,t ma! hereafter become associatad Ill
a,;' 10 FORM and constitute a rornnr
tba, anu body polite in law and -
and lin .ney state the following matters
arti nihes' ana execute and adont tbo.a
wit: as follows, to-
ARTICLE l. The name Of This GONNA
nc nc" snail be t. J. LIPSCOMB g. 90
ARTICLE =. The objects and
aoI winch this corporation ~ purposes
80 tne nature of the business to Iu
70 On Dy IT, are declared ana sneo; uar
cd SCI carry ON business in tbe I-nit
orokers, agents and commission ACTORS
% LeIchants' TO buy, sell and al a..
,,,ar oiesale or retail, merchandise ,d in
descrin,;o ooa products of every Kind ana
N do.
BUSINESS, and to buy, sell and eaPort
an an klnds OF commodities deaIt in IN
t me Sew orleans Board of Trad. 81 upon
eitinr Oh Trade and Exchanges in other
countries; to buy, sell and d anu foreign
anu an kinds of listed and un,,s,nSS
stochs, ponds and securities. on cnm,n;
siO,;i anu 10 engage in any other business
objects ana incidental to the foregoing
ooa. hIIoLE III. The capital stock of This
IIo,FporaIion Is hereby fixed at tho snn, as
MY thousand Dollars ESQ 900 OOI "a
Hund raded ,, into and represented by Five
vi one Hundred Dollars (SiOO'OM each
ncn shall be paid for in cash mr. mo-,
pc issued for property actually racaix,SS
dered ne Exploration d ration; or for services rem.
creased to the sum Of One Hundyedl gT In
sand Dollars (S10OOOO OO) "ou-
ARTICLE ". The location Of .ho
the Citv OF Of said corporation shall be in
Of Oris3nS New orleans, in the Parish
.ahiiCLE V. The period of duration
yearS iu corporation shall be fifty 15O1
ARTICLE VI. The num,o 81, IA
tors of said corporation shall ha VI ti rec
o o1an three nor more than five. The
oincers or said corporation shall he tbose
provided for by law and such otber
HVliews as may may be provided for by the
addresses of the directors of said cor
th iation VINO are selected to serve for
ane nrst year. or until their successors
SnfIo eIecteI and qualified, shall be as
street, New Orleans, La; Clifford 'ia 4
ii3.lpscomb, 1912 South Robertson stroa,
Ne" orleans, La; Thomas J. Lipscomb
"a a.. r n,itS MMaarengo street. New Orleans
1ent; Clifford X. Lipscomb as Sice-
resident, and Thomas j. Lipscomb Jr
as secretary and Treasurer. The officers
ano directors of this corporation shall
any ofhcer or director during his tanura
vi oince cease to be a stockhoIder be
SnaH lpso facto cease to be an officer mr.
creete5 hereof. and the vacancy thus
menabor shaii De niled by the remaining
"'"'ns 'he
ARTICLE VII. The names of the sinh.
scrioers to these articles of Incorporation
- ~ nuhnoer OF snareS or stock which
eacn subscriber is to take in said cor
I P9ratlon are as follows. Thomas ]
rL ~ zoo shares, par value $50. 900 on.
sii I b. Lipscomb, % shares. mar yaIus
sS,oVVoo; Thomas j. Lipscomb, Jr, D.
shares; par value $2,5OO.O0.
r, ARTICLE VIII. The subscriptions NJ
L homas j. Lipscomb, Jr., and Ciifford
n. Llpscomb to the number of sbaras
or capital stock of this corporation' es
above set forth in Article vii are r. he
PAID for in cash. The subscrintion 90
Inomas j. LipscOmb, Sr., for 200 shares
Oh the capital stock of this cornoration
Is 10 be paid for as follows. g6 sbares
lnereoI OF the par value of so 600 on "a
10 De paid for in CASH the remaindar
Or lOO shares of the par value OF SiI ooo
IS to be paid for by him by the Sale
and transfer by him to this cornoratioo
of all his right, title and interest in and
10 the property, assets and good win Of
me business hitherto conducted nv him
lam the name Of T. J. Lipscomb, as
Furniture and fixtures ...S OOp 90
GOODWILL, trade name, etc. $50. 5000 90
agency contracts ........... 1000 on
o'"i ''''.......... ............x l1 900 90
Ihere Is annexed hereto to be read In
with these articles of incor-
poratlon an accurate, detailed and item
zed statement of the said property and
assets OF the said business hitherto con-
iucted by the said Thomas ]. Lipscomb
together with a statement of the yalue
hereof. as appraised by the said Thomas