The herald. [volume] (New Orleans, La.) 1905-1953, 1911-01-05


and qualified Ia and for the city. parish an,
state Aforesaid, therein residing, and in m
presence Oi the witnesses hereinafter ma mo
anu I,h.uherslgned personally came and ap
peared the several persons whose names mr.
hereunto subscribed, who declared thar
availihg themselves of the provisions of IN,
laws OF this state, relative to the Formation
and organization of corporations tbev bay
| cOYenanted and agreed and do NV thas
! presents, covenant and agree and bind Them
| selves, as well as those who NAV herea ta
become associated with them, to form them
selves INTO corporation for the objects ant
| purposes, with the name and under the stin
ulations foiIowing, to-wit:
ARTICLE I.
The name and style of this corporatior
SHAH be "JONES-DUSENBURY MARKET
nnm 'oMi ANi; and by said corporat,
| name, II shall have succession and enio,
! existence for period of ninety-nine wears
| unless sooner dissolved in the manner m =,
| Vided by law and the articles OF this char
| ter; and, under said corporate name. /.
! shall have power and authorit; 10 contrar
sue and be sued, to make and use a cornnr
ate seal, the same to alter or break at nles .
ure to make all necessary rules and regu
| latiOns FOR its corporate management an
| control and shall have and enjoy ali m,
| rights, privileges and immunities which ar,
| now conferred upon, or may hereafter h,
| granted 10, corporations of the same KIND
| and character.
ARTICLE IL.
The domicile of this corporation shall h.
| in the city of New Orleans, State of Lon
! iSiana, ana all citations and other legal prn
| ccsSes snail DE 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 thI,
| corporation is niZpH a 20 abv
| TO be TO buy and sell, for the PURPOSES ot
| Export, and otherwise and generally TO deaI
in naval stores, spirits-turpentine, rosin
roSln oil, crude gum, tar, batting-dross and
| all other naval stores products and iubri
| 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,
| atiOns, 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 NAV
acquire, own, lease, sell and dispose of ali
kinds OF real estate, and may loan and Dor
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 $500. OOO)
divided into one thousand shares l,OOOl,
of the par value of one hundred (SlOO.0 O)
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 a going concern
as soon as fifty thousand dollars 1850, 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 may 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
by the stockholders at the annual meeting (;
the said directors shall be bona fde stock
holders and the first Board shall consist of !:
James s. Jones, who shall be president |;
James +. Dusenbury, who shall be Vice
President Douglass D. 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
Monday OF December, 1911, and annually
thereafter, except when SUCH Gay Shall Idll
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, which shall
be a President, two Ylce-Presidents and a
Secretary-T Treasurer. The election of direc-
tors shall be by ballot, and the persons re-
ceving 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 of 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 herein
after provided.
The said Board of Directors shall have
power and authority to make all necessary
rules and regulations for the management,
operation and control Of the business of the
corporation, as well as to make all neces-
'ary rules and bylaws, with power TO NIL
my vacancy occurring in their number. A
ma jority Of the directors voting at any one
line, in person or by proxy, shall be re-
lulred to pass any resolutions or adopt any
BYLAWS, and which, when so adopted, shall
'ecome valid corporate acts. |.
ARTICLE VI
Notice OF all meetings OF STOCKHOLDERS IOf
lecting directors, or for any other purpose,
hall be given, in writing, by the Secretary,
o be deposited In the mail at least ten
avs before such meeting, directed to each
tockholder, at his last known address, ap-
earring upon the books of the corporation,
Mess said notice is waived in writing by
II the stockholders, appearing as such upon
he books.
ARTICLE VII.
Whenever this corporation is dissolved,
lther by Limitation of its charter or from {
ny other cause, its affairs and business
hall be liquidated by three commissioners,
D be appointed from among the stockh0ld-
rs, at a general meeting thereof, to be {
Onvened after ten days prior notice TO be
iven In one of the daily newspapers, pub
shed in the City of New Orleans, In addi-
on to the notice to each stockholder pro-
ided in Article vi hereof, and, by the az
rmative vote of three-fourths OF the STOCK
the corporation, represented at such
eeting. Such commissioners shall remain |
Office until the affairs and business OF the c
)rporation shall have been fully liquidated {
nd, In case of the death of one or more or q
Ich commissioners, the survivors or sur
vor shall continue to act.
ARTICLE VIII.
This act of Incorporation may be modified,
lded to, changed or amended, or this cor a
,ration may be dissolved by and with the
'sent of the holders of three fourtns In a
mount of its then outstanding capltal a
mr.