The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-31
CHARTER.

and authority to contract. sue and to b.
sued to make. have and use a corporate
seal; to hold. receive. have purchase, i'm
prove, transfer. convey. sell. borrow.
pledge, mortgage. hypOthecate in its said
corporate name property, real. personal |
and mixed to designate and appoint such !
officers, directors. agents or servants as
the interest convenience of the corpo-
ration may require: TO make and establish
such bylaws, rules and regulations for
the management and regulation of its al.
fairs as may he deemed necessary and
proper to amend and repeal the same ut
pleasure. and TO do all and other acts
and things permitted by law, or as shall
or may be necessary and proper TO carry
out the objects and purposes of the said
corporation.
ARTICLE III-The domicile Of this cor
poration shall be in the City of New or
leans. Parish of Orleans, State of Louis
lana.
ARTICLE IV-The capital stock of this
corporation is hereby declared to he hve
thousand dollars ($5.0O00O) which may be
| inCreaSe d to one hundred thousand dollars
| ($10O.OO000) in the manner provided 10y
| law Said stock is divided into nifty l"ul
! shares of the par value of one hundred
dollars (s1OOO0l. each to be paid for as
| prescribed by law. or sooner nj the dlS-
| erection of the board of directors, ana the
! said stock shall he paid for in cash, OF
| may be issued at not less than par IN pay
ment or exchange for property received
or purchased by said corporation IN ac-
! cordance with law.
! The subscription of q. Schirmer. Inc To
! forty-seven (40 shares of the capltal
stock of this corporation shall he haln l"I
NV the transfer to the corporation by said
| q Schirmer Inc, of all Of the business
| Of c. Schirmer. Inc, now conducted IN the
| CITY of New Orleans, state or LonlSl"h?'
together with all the assets OF said JUS.
| ness including merchandise, cash, lhN'h-
| tory bills receivable furniture, hNtureS
and chooses in action of every klhd ahI
nature belonging to said business which
business, and the assets helone.hg oI bu'' sn,
| as hereinabOve described. are hereby up
| nroiscd by the board of directors herelh
after named at the sum of four thouSanu
seven hundred (Si.1O0OO) dollars ana in
consideration of the transfer 'hS ,Ie, ="
| hereof hereby authorizes the issuance 10
said c. Schermer. Inc. of forty-SeNen 20
| shares of fully paid capital stock OF inns
corporation. Of the par value oil one H""
dred (SlOO.OO) dollars per share.
| ANY stakeholder may sell or assign or
transfer his stock in the said corporation
provided thirty (30l days prior NOTICE
thereof he given TO the company an" Wy IN
board of directors of this comhanN sH en-
have the first privilege of purchasing lot
and in the name of the company III" SalI
stock; and in the event of the board Oh
directors refusing or neglecting 10 rN'r-
else the option to purchase the S1la So ssS
| the same may he sold after sald thlrt!
| (3O)' DAYS notice in the open market
The business and affairs of this corpo-
ration shall he managed by and all "t hs
| corporata powers shall he vested IN ana
exercised by board of three dlrect"Is ~
no elected annually by the stockholders
from among their number. majority
of said board shall constitute quorum
for the transaction of business.
The officers of this corporation shall be
president vice president, Se'rrlHi '
and a treasurer The president. wee,
| president and treasurer shall be elected
hv the board of directors from am"ne
their number The secretary shall also %,
elected ny the board OF directors p ~;
need not be q member of the board or Oil
rectors or a stakeholder. Any two o.
said Offices may be held by one and th'
same person.
Until the first annual meeting herein
after provided for. or until their succrs
sors are duly elected and qualified. IN
following persons shall constitute I'M
first board of directors and onlcerS
this corporation: Ollie GitZ. No. .5S lana
street. Isabelle NJ Hensley: No a33 lana
street Henry Kronlage, No. 133 cana
street with Ollie Gitz. as president lsa
belle NJ Hensley as vice-president AM
treasurer and Henry kronlage as secre
tary.
This board of directors shall continue y
| office until the second Tuesday IN TN
month Of June 1923 on which date AM
annually thereafter, their successors shal
he elected at a stockholders meeting con
| vened for that purpose, or uhth lhelr SUI
| cessors are elected.
Notice Of such election shall he give
nv delivering personally or by deposltln
in the most office properly addressed I
each stakeholder. copy OF sau h','
of election at least fifteen 10, days os
D that such notice shall not be required !,
he given to any stakeholder who shall ]
writing waive notice thereon.
The president shall preside at such an ~,
! nual meeting and any failure 10 elect vi
rectOrs on the day named for that purPos
shall not dissolve the corporation. but Tn
directors then in office shall continue un
Ill their successors are electeu,. anu I
! every election and meeting OF su ,,,h
holders each stakeholder shall he ehtitie
, | 10 one vote for each share of stock regis
tered in his name either in person or
written proxy.
ARTICLE v-The board of director
shall have power to fill vacancies IN Ihel
number caused by death, resignation
otherwise.
The said board shall have full contr'
of the property of the company and sha
conduct, manage and direct the ousih'
of the company consistent with the OF
jects Of the company.
The said board may appoint such maj
ayers assistants, agents ana emplo!t'
as n shall deem necessary for conducun
and managing the business details OF III
said corporation, and may from tune
| time delegate Sucn Spetidi pV"NiS
tbority as it may deem necessary or eS
pedient and to fix their compensation III
terms of service.
ARTICLE vI-This charter may =,
changed modified or amended or u
CORPORATION dissolved at a general NEE
y ing of stockholders convened for the pu
D. pose. pursuant to law.
!. ARTICLE vII-The subscribers heret
have respectively written opposite tne ,
j. respective names and addresses u
amount of the capital stock Tor VINO
tbev have subscribed so that TINS act
INCORPORATION may serve also as the orIs
nal subscription list of the corporation
Thus done and passed at my notasi
office in the City of New orleans tne ua a
and date herein first above written ny =,
parties whose names are hereuhI0 SUI
scribed in the presence OF Lila l.. DuDuc
and Geo. McCulloch. competent wIthesH !,
who hereunto signed these presents,
gpther with appearers and me- ho'ai
after due reading of the whole.
witnesses: (Signed) Lila l.. Dnpuc
Geo. McCulloch.
ORIGINAL SIGNED)
Ollie Gitz, l share, 733 Canal stree
New Orleans: Isabelle Nj. Hensley, L Snar
1913 Canal Street. New orleans, ny M
Kronlage l share, 1913 Canal street ne
Orleans; G. Schirmer, Inc. ~ snare
New York City, by Henry kroniage.
(Signed) FRANK WIN. HARI;
Notary Publ
7 the undersigned Recorder OF Nor
80. IN and for the Parish OF Orlean