The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-02
CHARTER OF 7. ). LIP>Cn,u

CHARTER OF 7. }. LIP>COuK
, United States Of Am.r;r, g..
: LOUISIANA, Parish Of Orleans 1Sdte Of
~ 'IlcAhS lie II known thar 10y Of
SKIN day OF the month of Il on thi,
the year of our Lord. on. bI'n"tuuary, 10
T hundred and Twenty two. s,S ana Nine
ihuePehdehce of tn" United g. vi The
-therlca; the One Hundred ana 5'aIes Of
! SSo1u,no e'oFe me, ASAHEL N, TT1Drty.
=, ;ooIEh' a Notary Publ. dpIv LINER
stoned and qualified IN a,,I' commits.
farlsh OF Orleans. State nf Ior the
anu IN the Presence of tho 'ouislana
hereinafter named and uud.r.i" THESES
non"i!y came and appeared tba ECU, Per
persons whose names ara lii 'ne several
scribed, who sev,rsIIy "'I unto sub
awning themselves OF rr. ,..eu that
me general laws OF the star. af Iislons Of
Lor ue organization Of curp,r,, ii-oulSahs
| LPvNi1il! Act 2bI of the A. and
bv tt nav coNehanted ana agracd lsli
-! thtse presents covenant It'll aud
Dihu themselves, us well gs dsFee and
az ma! hereafter become a..,; persons
anyH' 10 form and cuusfitut. '"'eu With
49, 49," ana BODY polite in law, corpOr.
and tbi I tney STATE the following m rat to
"mG tnlhEs' ana execute and u matters
wit: '"'4'H as follows -
ARTICLE I. The name =, mi
I IY% Shai be 7. J. LIPSColJiiBf GSornor.
ARTICLE . The object. a,
Ior which this corpor,fin, ana purpose,
r i Tue nature of the bu,Ipa.' Std3Hshed
ieI on by IT, are declared ., 40 De ear.
| Cd 10 carry on business in ,IIpeGihed
broLarg ana elsewhere aS o. mt
| az ,, agents and commission acton
or merchants; 70 buy. sell a,i, merchsnt
| -, ""oiesile or retail, mercbapyi. uedl In
I"Ies, ioUd products of eyer, ~ goods
busindSs 40 10 an import and svn ana
All Einds ana e 10 buy. sell and deaipOr
~ ~ hinds OF commodities da,I iueal IN
Tue New Orleans Board of TEL III upOn
boards OF Trade and FNcb1n,,as OF Other
cI,ies OF the United states ana ~ othei
ga ne 10 BUY, sell and deal in eigh
ana all kinds Of listed ana IN IN any
| stocks, bonds and securities ", nr unlisted
SOU ana TO engage in any otbar fkOiliIlls'
sinIar or incidental to the fornnlsss
! OBJECTS and purposes. esoing
An IICLE III. The capital stocL % -,
| corporation is hereby MED a, St tSi Of this
tHty Thousand Dollars $50 g0o sun sun Of
ne divided into and representsJ Nv, 10
hundred (JO0 shares of the NO., y! Eve
Ui Ohe hundred Dollars (SIOOO0 0 oaHl
be issued for property actusIi Sn or may
~ the corporation. or for Servicos ened
uered. The capital stock may no rem
creased to the sum of One Hundred II I'm m
sd.q noIlars (Sl00O00.O0). AnOu
ARTICLE ". The Ioco,io
domicile of said corporation shau OF the
me city of New Orleans in tha p Se 10
OF orleans. State of Louisiana tue rarisA
of Ah III V. The period Of d,,..,.
wears. 'u corporation shall be fifty ' e%
to ah ~ VI. The number .. =.
tIan U. SAID corporation shall no VI direc
asSi three nor more than not less
provid s or said corporation shall be- THE Inc
OFFICERS as may be prov anu such other
y! laws. The names and LUZ Oy The
nuuresses OF the directors az l";s
POI p%oration who are selected 10 s sala cor.
are nIs year, or until their snccess doi
s Sr1 elected and qualified. shall eesessors
IoiIows: Thomas j. LipscombS " Ia,o De as
street, New Orleans. La Ciy nv siual
EEipseomb. 1912 South Robertsomnn Or r.
" , USTTndeans, La; Thomas ]. Lipscans
La. viii MTaarengo street. New Orleans
ppe -; ClnOrd X. Lipscomb as VS.
PRESIDENT, and Thomas ]. Iinscomh WE
as secretary and Treasurer Tbe nssc 81,
81 uirectors of this corporation sSsl,
any ofhcer or director durjng hi , ,uoe
VI 0ince cease TO be a stock boIda.
Snal lpso facto cease to be an of6cs, !.
ulector hereof. and the vacancy ths.
memho snaH De hlled by the remaining
stockholders, iioin ahlong the
ARTICLE VII. The names ~ o.. =,
and e 10 these articles of incornor,fs"s
each suh nunDer or shares of stock which
poration al Is TO take in said cor.
LLii!pscomb, 200 shares, par yaIue s9o ooo a.
60 200 % N. Llpscomb, % shares. par vaIs.
s sLL.ovooo; Thomas ]. Lipscomb. Jr 3
SHaTes, par value S2.j0OO0 49,
ARTICLE VIII. The subscr;n,,o. :,
rhomas j. Lipscomb, Jr. and Sqis.e %
g LIPsc0mD 10 the number of sbs.as
~ capital stock of this corporatiop =.
poid for iOrth in Article VII, are to B.
I ~ J. Lipscomb, Sr.. for ao 1'' sh.- "
oI the capital stock of this cornorssia,
~ 70 De paid for as follows: 90 shsrss
~ OF the par value of 50 OOO M /.
or loo PAU pau Ior In cash, the remainder
Is 10 De paid for by him by the ssl
ana d. transfer by him to this cornorstia.
OF az his right, title and Interest in and
tbo me property, assets and goodwill Of
the business hitherto condueted nv him
under the name of T. ]. Linscomb a.
o. HiPscohio' a.
furniture and fixtures &, ooom
GOODWILL, trade name, etc.. ;'oO0@
'oh'racts ....-.......... 9Ooo@
Total, Total ...................sllo oaa
There is annexed hereto 10 be read I.
connection with these articles NJ linear.
i pora'Ioh an accurate, detailed and item.
assa,S statement OF the said property and
assets OF the said business hitherto con.
uucted by the said Thomas ]. Lipscomb
..upsether with a statement of the yaus
Inereo1, as appraised by the said Thomas
L1pscomb, ST.. Clifford X. Lipscomh,
ana Ihomas j. Lipscomb, Jr., the direc.
toIs OF this corporation
ARTICLE TX. Each share of stoek
b ne entitled to one vote There shall
oe no cumulative voting.
NJ III LIE n. The Board Of Directors
,,-;.h iu corporation are hereby vested
Win Win all the corporate powers of ssId
~ p.viatiom including among other pow
L. .ne IoIowing, viz the power to make
rovernI anu amend suitable bylaws for TIE
$500 nhIeht or said corporation; The
power TO borrow money, execute mort
oioS, issue notes or bonds. to sell q
IN suse the same, and generally to do al
.nIhgs pertinent to or necessary for the
ooJec.s ana purposes of said corporation
10 n mnicn are or may be permitted by The
avs applicable to corporations the
above recital of powers granted to ID,
I h or Directors not being exclusive
ne intention being to vest the Boar
~ directors with all such other and
-urIner powers as may be proper to &C
said corporation.
n directors of said corporation shall y
reIu annually on the second Monday 2
'Lanuary OF each year, beginning WIZ
ne year 1923. The Board of Director
named in this charter shall hold ofhc
unsii SAID second Monday In January
lS%o, or until their successors are dur
,iecteu and qualified. Failure 10 eco
directors or to hold an annual meeug
IN the day specified in this charter w
iot dissolve the corporation, but -
directors then in office shall remain =
'Ince until their successors ore elean
ind installed.
, ARTICLE NJ. The President and ylf
PRESIDENT the Sacratory and Treasrrr