The herald. [volume] (New Orleans, La.) 1905-1953, 1912-07-04
CHARTER.
OF THE AUTOMATIC VENDING MA
CHINE COMPANY.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA. PARISH OF OR

LEANS, CITY OF NEW ORLEANS.
BE il known, that on this fifth day of the
thousand nine hundred and twelve and OF
the independence Of the United States of
America the one hundred and thirty-sev
enth, before me, W. Morgan Gurlcy. a no.
tary public, in and for the paSsh OF Orleans.
state OF Louisiana. duly Commissioned and
qualified and in the presence OF the wit
nesses hereinafter named and undersigned.
personally came and appeared: the several
persons who hereuntO subscribe their names
all residents OF this city, who severally de-
clare, that availing themselves OF the pro-
visions OF the laws. and the constitution of
the state of Louisiana. relative to the or
ganizatiOn OF corporations, they have con-
tracted and agreed, and do by these presents
contract. agree, bind and obligate them
selves as well as such persons as may he
associated with them, or may hereafter be-
come associated with them, to form and
constitute a corporation or body polite in
law for the objects and purposes herein er-
pressed and under the agreements and stip-
ulations following. tO-wit:
ARTICLE I.
The name OF this corporation shall be the
AUTOMATIC VENDING MACHINE COM
PANf; with its domicile in the city of
New Orleans, state of louisiana and under
its corporate name IL shall have succession
and existence for ninety-nine 900 years
from date hereof: 1t shall have the power
and authority 10 sue and be sued; to buy
hold. receive, improve convey, sell, operate
pledge. mortgage, hypothecate, rent and
lease property, real. personal and mixed
to name and appoint all manner of EN-
ployees and agents, as its interests NAV re-
quire, TO have power and authority to Dor.
row and lend money issue bonds secured or
unsecured, in such manner as its board OF
directors may determine and generally n
shall have power and authority to do all
such acts and things, provided by law, that
may be necessary and proper to carry out
the objects and purposes for which this cor
poration Is formed and Is hereby vested
with all the immunities, rights and priyi-
leges, conferred upon corporations under the
laws OF Louisiana. To have the power to
MAKE make alter. amend and abolish such bylaws,
rules and regulations for the proper con-
duct or Its business. 1t shall have power to
act as agent or representative Of any per-
son, persons or corporation, as the board
OF directors may determine
All citations and other legal processes d.
rected TO this company shall be served upon
the president or in the event of his absence
or inability to act, then upon the vice
president thereof.
ARTICLE III.
The objects and purposes for which this
corporation Is organized and the nature of
the business to be carried on by 1t are here
by declared to be: to buy, sell, operate and
lease on royalty or otherwise, Bulls Auto
matte Corn Popping Machines or any other
machine or similar nature, with full power
to construct and operate any kind of auto
matte machines and to do any and all things
incidental to the conduct of said business
ARTICLE III.
Inc capital stock OF this corporation Is
nxed at the sum of fifty thousand dollars
s900;ooo:OOl, divided into five hundred
l500l shares of one hundred dollars
S1OO.00l each, which shall be paid for in
cash at the time of it's subscription or NAV
be issued full paid or worcestershire for pro-
perry actually purchased or services actually
rendered to this corporation, at a fair and
market value.
This corporation shall be a going concern
as soon as three thousand dollars (s3,-
oil aNn l., GN--I
for, which amount the signers hereto de-
clare Is subscribed.
ARTICLE Nv.
All the corporate powers Of this corpora-
tion shall be vested in and exercised by a
board OF directors Of not less than three (3)
or more than five 90 directors, who shall
be stockholders.
The number of the board shall be deter
mined by the stockholders at the meeting
called to elect directors, just prior to the
election of said directors for the ensuing
year: All vacancies occurring on said board
OF directors shall be filled by the remaining
directors for the unexpired term. ANY di.
rector may be represented at any board
meeting by a general or special written
proxy given to any stakeholder.
The board of directors shall have power
and authority to exercise all the powers
granted to this corporation In Article l.
The officers Of this corporation shall be a
treasurer; the last two (2) Offices may
be filed by one u person All of said
officers must be members of the board.
The first board of directors OF this corpo-
ration Is hereby declared to be: Rupert E.
Weems, John A. Sage and F. Rivers Rich.
ardson; with the said Rupert f. Weems as
president; said John A. Sage as vice-presi-
dent, and the said +. Rivers Richardson as
secretary and treasurer.
Said board Of directors and officers shall
hold their respective Offices until the second
tuesday In June. 1913, at which time and
annually thereafter, an election for directors
snail be held at the office Of the corporation
In conformity with the provisions of this
charter. And the said directors when SO
elected shall proceed at once TO elect from
among their number, the officers herein pro-
vided for.
A failure to hold such election shall not
annul this charter, but the then existing
board of directors and officers shall hold
their respective offices until a new election
can be held, which shall be called and held
as soon as possible thereafter
Ten (1O) days prior notice shall be given
through the mail to each stakeholder at his
last known address, Of all meetings of stock
holders, unless by unanimous consent Is held
sooner and all stock issued votes at said
meeting and valves notice referred to.
At all meetings of stockholders each
share or stock issued shall be entitled to one
vote cast by owner In person or by proxy
ARTICLE V.
This charter may be altered or amended
or this corporation dissolved by a three
fourths (3-4) vote of the stock issued and
present or represented at any regular or
special meeting Of stockholders called for
tnat purpose, after due notice as herein pro-
AT the dissolution of this corporation.
whether by limitation or otherwise, the az
fairs thereof shall be liquidated and wound
up by the then existing board of directors.
No stockholder Of this corporation shall
be held liable or responsible for the con-
tracts or faults thereof, In anv further sum