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

49, notary pubic, duly commissioned and
luailned IN and for the city, parish and
state aforesaid, therein residing. and in tha
presence or the witnesses hereinafter named
ana undersigned, personally came and an
Pea[eu the several persons whose names are
herdlntO subscribed, who deciar red that
awaiting themselves of the provisions of IN.
Jaws or this state, relative to the formation
anu organization Of corporations they have
eoHenanted and agreed and do, by these
presents, covenant and agree and hind tben
selves, as well as those who NAV herea fter
become associated with them, to form them
serves into corporation for the objects and
purposes, with the name and under the stIp-
ulations following. to-wit:
ARTICLE l.
.hd Inc ~ name am and style Of this corporation
SIORAGE COMPANY" and by said corner.
ale name II shall have succession and enjoy
existence Tor period OF ninety-nine wears
'iI sooner dissolved in the manner pro
Nlued by law and the articles of this char
Ter; and, under said corporate name II shall
nave power and authority to contract. sue
ana De sued, TO make and use a corporate
seai, the same TO alter or break at pleas
ure TO make all Necessary rules and regu
latlons 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 H.
The domicile OF this corporation shall he
in the City Of New Orleans, State OF Lon
lslana, and all citations and other legal pro
ceSses shall be served upon the President
or, in his absence or Inability 10 act unnn
any other officer Of the corporation
ARTICLE III.
The objects and purposes for which this
corporation is organized are hereby declared
10 De 10 engage In and carry on the business
OF PUBIC warehousemen in general and the
warehousing of naval stores in particular.
ana. Tor this purpose, to issue warehouse re-
celpts in conformity with the laws of Lou
lslana, both negotiable and non-negotiable
10 persons warehousing goods, and to make
reasonable charges therefor, and to make
advances or loans upon the security of such
GOODS, or otherwise; to acquire and own
py purchase, lease, or otherwise. buildings
yards and warehouses, tanks, and tank-cars /:
and. In aid OF its business, and when nee.
essarv or incidental thereto. NAV ACQUIRE
own, lease and operate railroads. spur-tracks
bridges, steamboats, and other water craft,
but not as common carrier
ARTICLE ".
The capital stock of this corporation shall
be twenty thousand dollars $50. 600 90
divided into two hundred shares (2Om of
the par value OF one hundred dollars CslOOD
each; said stock shall be issued only for
cash, or In payment OF property or services
actually received by or rendered to said cor
poratlon this corporation shall commence
business and become a going concern as soon
As nve thousand dollars $4,000 of the
capital stocA shall have been subscribed and
paid for, the residue of said stock to be is
sued and payment made therefor subject TO
the action and ca. of the Board Of Direc-
tors; said stock shall be fully paid at the
time OF its issuance, and thereafter non
assessaOie' and the capital stock may be
increased or decreased in the manner pro
Tided by the laws OF this state
The parties 10 this act have declared that
hey hereby subscribe for the number OF
shares Of said capital stock set opposite
heir respective signatures hereto. so that
his act of incorporation shall serve as an
original subscription.
ARTICLE V.
All the powers OF this corporation shall
le vested in and be exercised by a Board Of
i've Directors, 10 be elected each year by
he stockholders at the annual meeting the
aid directors shall be bona fide stockhold- |
rs, and the first board shall consist of
Joseph IL. Newton, who shall be president |
Donald b. Gordon, who shall be Vice-Pres-
dent; Patrick f. Struggled, who shall be
secretary Treasurer; James Ii. Newton,
lanes F. Mathis
On the Saturday next preceding the sec
md Monday of December, 1911, and, annu- |
lily thereafter, except when such day shall |
a ",
OllOwing lay day, the stockholders shall |
lect Board of Directors for the ensuing
ear, the board already installed TO continue
o hold over until their successors are elect |
d and qualified. The Board of Directors so
lected shall select, from their own number,
he officers Of the corporation.
The election Of directors shall be by ballot
nd the persons receiving the largest num-
er Of votes cast shall be elected. For elect
ne directors, or for any other purpose, each
hare of stock, whether present or by proxy,
hall be entitled to one vote, and a major
y of the votes cast shall be required to
ass any resolution or decide any question
admitted to the stockholders, except for
ne alteration or amendment Of its charter
r the dissolution OF the corporation as
provided.
Said Board Of Directors shall have power
nd authority TO make all necessary rules
nd regulations for the management, OPERA
on and control of the business of the cor
)ration, as well as to make all necessary
lies and bylaws, with power to fill any
icancy occurring In their number. A ma
rity of the directors voting at any one
me, In person or by proxy, shall be re-
Tired to pass any resolution or adopt any
Law, and which, when so adopted, shall
come valid corporate acts.
ARTICLE VI.
Notice of all meetings of stockholders for
Getting directors, or for any other purpose,
all be given, in writing, by the Secretary
l..
US before such meeting, directed to each
Ockholder, at his last known address, ap-
airing upon the books of the corporation,
Hess such notice Is waived in writing by
the stockholders appearing as such upon q
e books.
ARTICLE VII.
Whenever this corporation Is dissolved,
her by limitation Of its charter or from
y other cause, its affairs and business
all be llquidated by three commissioners, S
be appointed from among the stockhold- q
), at general meeting Thereof, to be con- c
ned, after ten days prior notice to be b
ven In one of the daily newspapers, pub n
he'd in the City of New Orleans, in addi- :
IN to the notice to each stakeholder pro- q
led In Article vi hereof, and, by the af- I
native vote OF three-fourths Of the stock 4
the corporation represented at such meet :
:. Such commissioners shall remain In h
Ice until the affairs and business OF the J
-poration shall have been fully liquidated n
d. in case of the death Of one or more OF
III commissioners, the survivors or survi =
T shall continue to act
ARTICLE VIII. :,