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

may hereafter JON or become associated |
with them. in a corporation and body pol |
lite in law, and for the objects and pur- |
poses, and under the agreements and stip- |
ulationS following. tO-wit:
ARTICLE 1.-The name and title of this
corporation shall be the James +. vii |
lams, Incorporated. aud under its cor /
pOrate name il shall have and enjoy cN-
istcnce and succession for a term of nine
ty-nine years from this date.
ARTICLE 1.-THE dOmicile of this cor
poratiOn shall be in the city of New |
Orleans. Parish of Orleans State of Lou I,
siana, and all citations or other legal !
process shall be- served on the president /
of said corporation or. in the event of his |
absence or inability to act. upon the
vice president. upon the Secretary aud !
treasurer.
ARTICLE III.-Tha objects and pur-
poses for which this corporation is estah- /
liShed. and the business to be carried on /
by 1t. are hereby declared to bc TO man
ufacture. purchase and sell optical goods
ana glasses of every character. mathe-
matical and scientific Instruments. pho
Geographic supplies and materials and all
articles of merchandise pertaining to such
! ! business. and IN general to do all acts
and things reasonable and necessary for
the conduct of such business or i'm con
nectiOn Herewith.
To purchase or otherwise acquire and
hold. sell. assign. transfer mortgage
| pledge or otherwise DISPOSE of the c.pi
!
evidences of Indebtedness created by any
other corporation or corporations. dom.s-
| tie or foreign. and. while the owner There
| of, to exercise all the rights and nriyi-
| legcs of ownership. including the right
| to vote thereon; TO borrow money and 10
make such prOmiSsory notes. bills of .x-
change. bonds dcbentureS and obligations
and evidence of Indebtedness Of all kinds
| whether secured by mortgage. pledge or
| otherwise, and 10 secure the same by
! mortgage, pledge or otherwise: to con
| duct this business. or any one or more
| businesses. and unlimitedly and without
restriction to hold. purchase. lease. mort
! gage and convey real and personal prop-
| erty in the several States and Territories
of the United States, Colonial possessions
or territorial acquisitions of IN. United
States and in foreign countries as shall
from time To time be found necessary or
convenient for the purposes of the COM
pany's business. To do all and everything
necessary. suitable. convenient or propcr
for the accomplishment Of any purpose
or Of the attainment of any one or more
Of the objects herein enumerated. or Incl
dent to the powers herein named. or which
shall at any time appear conducive or eN-
| pedient for the protection or benefit of
the corporation, either as holders Of or
Interested in, any property or otherwise.
with all powers now hereafter to be
conferred bv the laws of this State upon
corporations organized in this state.
II Is the intention that the objects and
powers specified and the clauses contained
in this paragraph shall. except where
otherwise expressed in said paragraph, b"
no wise limited or restricted by reference
to. or Inference from. the terms of any
other clause in this or any other para
graph of this charter. but that the objects
and powers specified in each of the clauses
of this paragraph shall be regarded as
independent objects and powers. hut moth
ing herein set forth is to he construed 10
authorize the formation hereby of any
| United States or State Safe Deposit or
| TnmnDnV Inrnnrnfinn
, Savings Bank. or corporation deemed "a
! possess any powers prohibited to cor
pOratiOns formed under saving bank stat
: utory provisions for the purposes of said
, corporation.
To loan or advance money or 10 give
credit TO such persons and on such terms
as may seem eXpedient. and in particular
. to customers and others having dealings
2 with the company. or having any connec
( tion with the business of the company. To
| enter into. make. perform and carry on
| contracts of every sort and kind with any
| person. firm. association. corporation
: (private or public). or municipal. or body
4 polite. or with the United States Govern
ment. or anv state. Territory or Colonia
Possession thereof, or any foreign gov
ernment: to manufacture export. import
u buy. sell and generally to deal in goods
: wares and merchandise of every descrip
\ ton. To purchase, lease or otherwiS
acquire all kinds Of personal propcrtl
which the corporation may deem neces
sary or convenient for the purpose of il
business. and to do business in its owl
n name or as agent. or on commission q
z otherwise. and generally to do any and al
o things pertinent germane to the right
q and powers herein conferred.
r. This corporation shall have the right Z
O engage in businesses OF general kim
n and character whether cognate or ger
name 10 the main purpose or not, not spe
cially prohibited by the laws Of the stat
! of Louisiana. excepting that of Home
a | stead or n Bank.
o This corporation shall have the RICH
+ to contract. sue and he sued. and may us
L a corporate seal. the same to break AM
: alter at pleasure.
d ARTICLE IV-The capital stock of thi
= CORPORATION is hereby fixed at Ten Thou
y sand Cs1O.OO0.00) Dollars, divided INT
and represented by one hundred tioo
* shares Of the par value Of one hundre
r dollars each. which shall he paid for i
n cash subscribed TO this corporation. o
by property transferred to 1t. or service
=, actually rendered to the corporation. Sue
n stock, when so issued, shall be fully pan
- and worcestershire.
y The capitaI stock may he increased (
an amount not to exceed fifty thousan
= dollars. and NAV he issued as dividen
- herein at the discretion of the stockhold
a. ers and when the condition OF the corpor
= alton permits It, The board of director
20 NAV also reduce the capital stock froI
= time to time from the earnings or IN
corporation. by calling i'll proportions
a part of its shares. to he selected by draw
ings from among the stockholders. RI
corded IN such manner rs may be agree
20 upon by the board of directors.
! No stakeholder shall sell or otherwi'
> dispose of his stock in this corporatio
without first offering the same in writin
to the other stockholders. who shall ha'
o, ten DAYS refusal of the same. and whic
IT stock shall he sold to the highest bidde
le should said stockholders fail 10 ava
n themselves Of the privileges within sal
Vi pariod of time. the said stock may
L offered and sold TO any other person.
ARTICLE y.-Ail the corporate mower
al Of this corporation shall be vested In an
" exercised by n Board to he COMPOSED Z
ne not less than three stockholders, hut tn
D. number may he changed from time
n time by the stockholders at meetin
= duly convened.
Y Tn case Of anv vacancy In any director
shin. through death. resignation. disqna
, iication or any other cause, the remainin
H. directors. by the affirmative vote OF mi
jority OF the board of directors, may ele'
successor to hold office for the une'
n pired term Of such director. whose plat
o shall be vacant, until the election or
-v successor ANY officer or employee. eiectt
w or appointed by the board OF director
- NAV he removed at any time by vote
- the majority of the whole OF the stool
holders.
10 The board Of directors may. at It's az
crciion, by affirmative vote of ma1ori'
u of the entire board Of directors, appoil
u.s. from the hoard Of directors an eNecutl'