The herald. [volume] (New Orleans, La.) 1905-1953, 1911-01-12
CHARTER

AT OF INCORPORATION OF JONES.
pOsENbuRf MARKETING COMPANY.
STATE OF LOUISIANA. PARISH OF on
LEANS, CITY OF NEW ORLEANS.
be 1t known, that on this. the nth dav
our Lord one thousand nine hundrad = "a
zen, ana or the Independence of the United
states or America the one hundred ana
ihlrl y-hItn, before me, Charles +. Fletch-
niger, Notary Public, duly commissioned
and qualified In and for the CITY. nariSh and
state Aforesaid, therein residing, and i'm the
presence OF the witnesses hereinafter named
anu Undersigned, personally came and ap-
peared the several persons whose names ire
hereunto subscribed, who declared thar
awaiting themselves Of the provisions of the
laws or this state, relative to the formation
anu orsahizatlon OF corporations, they have
cONehanted and agreed and do, by these
presents, covenant and agree and bind them
selves, as We'll as those who NAV herea fter
become associated with them, to form them
selves into a corporation for the objects and
purposes, with the name and under the stin
ulations following, to-wit:
ARTICLE I.
The name and style of this cornorat ion
shall be ZONES DuSENBURY MARKET.
ING COMPANY" and by said cornora 10
name IL shall have succession and enjoy
existence for a period of ninetv-nine wears
unless sooner dissolved in the manner pI },
yided by law and the articles of this char
ter; and, under said corporate name, I;
snail nave power and authority TO contract
sue and be sued, to make and use a corpor-
ate seal, the same to alter or break at pleas
ure; TO make all necessary rules and regu-
iatlonS Tor its corporate management and
control and shall have and enjoy all the
rights, privileges and immunities which are
now conferred upon, or may hereafter be
granted to, corporations OF the same kind
and character.
ARTICLE III.
The dOmicile OF this corporation shall be
in the city of New Orleans, State Of Lon
iSiana, and all citations and other legal pro
ceSSes shall be served upon the President
or in his absence or inability TO act, upon
any other officer of the corporation.
ARTICLE III.
The objects and purposes for which this
corporation is organized are hereby declared
to be to buy and sell, for the purposes of
export, and otherwise, and generally TO deal
in naval stores, Spirits-turpentine, rosin
rOSin oil, crude-gum, tar, batting-drOsS and
all other naval stores products, and lubri-
eating, lighting, fuel and food oils and.
for this purpose. to own, lease, operate and
maintain stores, store houses, yards, and
warehouses and, in aid Of tbs business oper-
atoms, may own, lease. operate, and main
tain tank-cars, tramways, landings. steam
boats and other water-craft, but not as a
common carrier; and, when necessary, or
incidental in the course Of its business, may
acquire, own, lease sell and dispose Of all
kinds Of real estate, and may loan and bor-
row money and secure the same, by mort
gage. pledge, or other security.
ARTICLE ".
The capital stock of this corporation shall
be one hundred thousand dollars (Sl00,0OO)
divided into one thousand shares (1,000),
Of hn Ina Of hun rod an
dollars each said stock shall be issued only
for cash, or in payment of property or SER
vices actually received by, or rendered to
said corporation; this corporation shall COM
mence business and become going concern
as soon as fifty thousand dollars (S5O,O00l
Of its capital stock shall have been sub
Scribed and paid for; the residue OF said
stock to be issued and payment made there
for subject to the action and call of the
Board Of Directors; said stock shall be
fully paid at the time OF its Issuance, and
thereafter worcestershire, and the capital
stock NAV be increased or decreased In the
manner provided by the laws Of this state.
The parties to this act declared that they
hereby subscribe for the number of shares
of said capital stock set opposite their re-
Spective signatures hereto, so that this act
Of Incorporation shall serve as an original
ARTICLE V.
All the powers of this corporation shall
be vested in and exercised by a Board OF
Seven Directors, to be elected each year
by the stockholders at the annual meeting
the said directors shall be bona fde stock
holders and the first Board shall consist Of /:
James $. Jones, who shall be president
James +. DuSenbury, who shall be Vice,
President; Douglass ID. Peabody, who shall
be Vice President Frank l.. Dusenbury, who
shall be Secretary Treasurer; Donald b.
Gordon, Joseph b. Newton, L. Albert Jen-
nings.
on the Saturday next preceding the second
~ n. md
thereafter, except when such day shall fall
on a legal holiday, then, upon the next fol-
lowing lay day, the stockholders shall elect
a Board OF Directors for the ensuing year,
the board already installed to continue to
hold over until their successors are elected
and qualified. The Board of Directors so
elected shall select from their own number
the officers of the corporation, whlch shall
be a President, two Vice-Presidents and a
The election OF direc-
tors shall be by ballot, and the persons re-
ceivng the largest number OF votes cast
shall be elected For electing directors, o.
for any other purpose each share of stock,
whether present or by proxy, shall be en-
titled TO one vote, and majority or the
votes cast shall be required to pass any
resolution or decide any question submitted
TO the stockholders except for the altera-
ton or amendment OF this charter, or the
dissolution of the corporation, as herelh-
after provided.
power and authority to make all necessary
rules and regulations for the management,
operation and control or the business Oh the
as well as to make all neces-
sary rules and bylaws, with power 10 MI
any vacancy occurring in their number.
majority Of the directors voting at any one
time, in person or by proxy, snail De re-
auired to pass any resolutions or adopt any
bylaws, and which. when so adopted, shall
become valid corporate acts.
ARTICLE vi.
Notice of all meetings of stockholders Tor
electing directors, or for any other purpose,
shall be given, in writing, by the Secretary, |
70 be deposited in the mail at least ten
DAYS before such meeting directed to each
at his last known address, ap-
pearing upon the books of the corporation,
unless said notice is waived In writing by
all the stockholders, appearing as SUCH upon
the books.
ARTICLE VII.
Whenever this corporation is dissolved
either by limitation of its charter or from
INV other cause, its affairs and business
hall be liauidated by three commissioners
o be appointed from among the stockhoid-
NC or a general meeting thereof, TO De