The herald. [volume] (New Orleans, La.) 1905-1953, 1922-10-05
CHARTER.

prove transfer. convey, sell, borrow,
pledge, mortgage. hyPOthecate in its said
corporate nam" property, real personal
and mixed to designate aud appU.;'t such
officers, directors. agents or 500, ants as
the interest or convenience Of IN" corp0-
ration may require. to make and establish
such bylaws. rules and regulations Tor
the management and regulation of its af-
fairs rs may be deemed necessary and
proper 10 amend and repeal the same at
pleasure. aud to do all and other acts
and things permitted 10y law, or as shall
or may hr necessary and proper TO carry
out the objects and purposes Of the said
corporation.
ARTICLE III-The domiciIe Of this cor
poratiuu shall be i'm 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 be five
thousand dollars 50 OOOOUl which may be
increased to one hundred thousand dollars
t$lunuuouOl IN the manner provided by
law. said stock is divided into nifty lJ0l
shares Of the par value of one hundred
dollars tSlOOoUI, each to be paid for as
prescribed lay law, or sooner ut the dis
erection of the board of directors. and the
/ said stock shall. be paid for in cash. or
/ may be issued NJ 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 g. Schirmcr, Inc, TO
! forty ti7D shares of the capital
stock of this corporation shall he paid for
by the transfer TO the corporation by said
g. Schirmer, Inc. of all of the business
Of G.. Schirmcr. Inc. now conducted in the
city of New Orleans, state of Louisiana,
together with all the assets of said bust
ness, including merchandise cash, inven-
tory, bills receivable furniture, hNtureSi
and chooses in action of every kind and
nature belonging to said business, which
business, and the assets belonging thereto
as hcrrinab0vc described, are hereby ap-
praised by the board of directors herein
after named. at the sum of four thousand
, seven hundred tSt1OOOOl dollars, and III
consideration of the transfer thereof 10
I this corporation. the board of directors
hereof hereby authorizes the issuance TO
said G.. Schermer. Inc, of forty seven (iD
shares Of fully paid capital stock of this
corporation. of the par value of one hun
dred tSlOOOO) dollars per share.
, Any stakeholder may sell or assign or
, transfer his stock in the said corporation
provided thirty (30) days prior notice
thereof he given 10 the company. and the
: board Of directors of this company shall
| have the first privilege Of purchasing for
a and in the name of the company the said
( stock; and in the event of the board or
directors refusing or neglcctinE TO eNer-
else the option to purchase the said stock
the same may be sold after said thirty
a (3O)' days notice in the open market.
n The business and affairs OF this cOrpo.
o ration shall be managed by and all Of its
= corporate powers shall he vested in ana
g exercised by a board Of three directors TO
V he elected annually by the stockholders
from among their hummer. n HldJoTllN
h of said board shall constitute quorum
: for the transaction of business.
: The officers of this corporation shall be
= n president vice president, secretary
= and treasurer. The president, vice,
, | president and treasurer shall be elected
: by the board Of directors from among
their number. The secretary shall also be
elected by the board of directors, nut
-e need not be a member of the board OF Oh.
l. rectors or a stakeholder. Any two OF
n said Offices may be held by one and the
. same person.
N Until the first annual meeting herein
u after provided for, or until their success
IF sors are duly elected and qualified, the
following persons shall constitute the
- first board of directors and officers OF
q this cooperation: Ollie Gitz. No. I53 lana,
q Street. Isabelle VI. Hensley, No. l;i3 Canai
~ Street, Henry KrOnlage, No. 133 canal
70 Street, with Ollie Gitz, as president lisa,
M belle VI. Hensey, as yice-president ana
treasurer, and Henry kronlage as secre-
10 tary.
Oh This board of directors shall continue In
nv Office until the second Tuesday In tn,
so month of June. 1923. on which date an.
or annually thereafter, their successors shai
ii. be elected ut a stockholders meeting con
,ct vened for that purpose, or until their sue
all ceSSors are elected.
he Notice of such election shall be giyei
'er by delivering personally or by deposltinl
"a in the post Office properly addressed I
each stakeholder, copy OF SAID hoilc
ks of election at least fifteen t5) days be
to fore such meeting, provided, however
for that such notice shall not be required I
son he given to any stakeholder who shall j
OF writing waive notice thereof
me The president shall preside at such an
Ut nual meeting and any failure to elect oil
rectors on the day named for that purpos
or shall not dissolve the corporation, but tn
lie directors then in Office shall continue uh
~ til their successors are elected, anu
et,, every election and meeting OF stoGh
OF holders each stakeholder shall be entitle
ian TO one vote for each share of stock regis
tered in his name either in person or b
Sc. written proxy
the ARTICLE v-The board of director
TO shall have power to fill vacancies in thei
IN number caused by death, resignation 9
20; 10 otherwise.
, ect The said board shall have full contr'
or of the property Of the company and sha
a conduct, manage and direct the bushes
ces of the company consistent WIN the VI
me jects of the company.
lall The said board may appoint such mar
ION ayers, assistants, agents ana employe'
as as ii shall deem necessary Tor conuuctn
or and managing the business details OF u
OF said corporation, and may from time
set- time delegate such special powers and al
A.. thority as it may deem necessary or e'
'no pedient, and to fix their compensation an
terms of service.
onb ARTICLE VI-This charter may
nm changed. modified or amended, or u
Who corporation dissolved at general NEE
the ling Of stockholders convened Tor the pu
uIy pose, pursuant to law.
ntil ARTICLE VII-The subscribers heret
he have respectively written opposite the
esi- | respective names and addresses 9
Try amount Of the capital stock for viii
they have subscribed, so that this act
be incorporation may serve also as the orie
dis nal subscription list OF the corporation.
pro- Thus done and passed at my notar
,h,s office in the City Of New Orleans the d
nr and date herein first above written by l
, -, Darties whose names are hereuntO su
ban scribed in the presence OF Lila l.. Dubu
nh and Geo McCulloch, competent witness
,Iitv who hereunto signed these presents,
dor | gether with appearers and me, nota
o a after due reading of the whole.
bove Witnesses: (Signed) Lila l.. Dubu
Geo. McCulloch.
a. ORIGINAL SIGNED)
writ Ollie Gitz, / share, 733 Canal sire
and New Orleans; Isabelle NJ. Hensley, sha
who 1913 Canal Street. New Orleans; Her
an Kronlage, l share, 733 Canal Street, n
cad Orleans: G. Schirmer, Inc, AZ shar
New York City, by Henry Kronisge
151 (signed) FRANK VIM. HART
!, 10 Notary Pub
l. !" 7. the undersigned Recorder Of Nc
, cages, in and for the Parish of Orlea
'i do hereby certify that the above ana 10
,ic going Act of Incorporation OF the
\ n Schirmer of Louisiana Inc, was TINS
~ dnIy recorded in my office In Book
1879. folio