The herald. [volume] (New Orleans, La.) 1905-1953, 1912-09-19
CHARTER

Henry L.. Sarpy, notary puDIlC, uLIy - |
nissioned and qualified in and for the fore
going State Parish and City, therein resld-
ing and in the presence or the WITNESSES
hereinafter named and undersigned, person
ally came and appeared: the several Per ''ho
whose names are hereunto subscribed, VINO
severally declared that, awaiting themselves
Of the laws of this State in such cases lhaue
and provided. they do by these presents
covenant agree and bind themselves, as wei
as all such persons as may hereafter De,
come associated with them, TO form anu
constitute corporation and body polite In
law. for the objects and purposes foiloWlhS'
tO-wit:
The name and title of this corporation Is
declared to be Gulf Warehouse Company,
a nd its domcile shall be in the city or New
Orleans, louisiana and by that name the
said corporation shall have power ana au-
thOrity to have and enjoy corporate eX-
istence and succession for the term OF nine
ty- nine years from and after the GATE mere
of to contract, sue and be sued; to make
and use a corporate seal, and the same 10
break and alter at pleasure; 10 purchase:
receive, lease, or otherwise acquire, anu
TO sell. convey, and otherwise to ALLEVIATE, |
as well as mortgage and hypothecate under
its corporate name, property both real ana
personal to name and appoint such mana |
gers and directors, officers and agents, as /
the interest and convenience of said corpora
ton may require, and 10 make and estaD- |
liSh, as well as alter and amend at pleasure, |
such bylaws, rules. and regulations, Tor tne
corporation, as may be deemed necessary |
and proper.
The domicile of said corporation shall be |
at New Orleans, Louisiana, and all citation |
and other legal process, shall be served upon
the President of said corporation, or in case
of his absence, upon the Secretary-Ireasur-l
err. |
ARTICLE III.
The objects and purposes for which this |
corporation is established, and the nature OF
the business to be carried on by it., are de-
clared and specified 10 be to conduct anu
carry on a public or private warehouse
business in any or all OF the Parishes or
Counties of the State of Louisiana, and Its
adjacent States, or elsewhere ana 10 take
and receive goods wares, merchandise, fruit, |
vegetables, game, oysters, fish, and other sea |
products and by-products, whether In their
natural state, or packed, or otherwise
grains, cereals agricultural products and
other property of every nature and kind on
storage TO issue warehouse receipts OF any
and all kinds therefor; TO apply for and OBJ
tain certificates as public warehouseman
to own and operate warehouses bonded and
not bonded, and public and private, and gen.
orally to do all things pertaining TO the
conduct of a public or private warehouse
man TO own and operate cold storage plants
and TO do all things pertaining to the con-
duct OF such business to exchange Its en-
tirec capital stock, or any part thereof, for
property which 1t Is authorized hereby to
acquire or to exchange its entire assets and
business, In whole or in part, for money,
or stocks, or bonds, or other obligations, or
other things, and to do any and all such
acts and things as may or shall be neces-
sary and proper TO carry out such objects
and purposes.
The capital stock of said corporation Is
hereby fixed at fifty thousand dollars $780,
OO0.O0), divided into or represented by five
hundred (J00) shares of the par value of
one hundred dollars each. The whole OF
said stock, or any part thereof, may be Is
Inlf nraA 10 Arrfn Nr
corporation, for the requirement of the
rights, privileges, franchises, property, ser
vltudes or any part thereof, owned and con-
trolled by such person, firm or corporation;
also in payment for money or property &C
tually received, or services rendered. Trans
fers of stock shall be made only on the
books OF the corporation. subject TO such
shall be and become a going concern upon
regulations, formalities as the Board of Di-
the subscription OF fifty (5O) shares of its
capital stock.
The powers Of this corporation shall be
vested in and exercised by the Board of
Directors This board shall be elected an
nually on the first legal day of May of each
year. All of such elections shall be by
ballot at the Office of the corporation. under
the supervision of three Commissioners to
be appointed by the Board of Directors, and
in the absence of any Commissioner, the
President shall have the power to fill the
place by appointment and of all such cleo
lions as well as all meetings of stockholders,
| except for the purpose of liquidation or dis
solution or as otherwise required by law,
ten days notice shall be given by mailing
10 each stakeholder who appears such on
| the books of the company at his last desig-
mated address or at the general delivery at
New Orleans, If he has not designated an
address, notice thereof
Each shareholder shall be entitled to one
vote for each share of stock standing in his
name on the books of the company, cast in
| Or Inv and a maj nritv nf fhp
| votes cast shall elect. The Board of Di-
rectors shall have the power to fill all
vacancies that may occur on the Board
| Failure to elect Directors on the day
above specified shall not dissolve the cor
poration, but the Directors then in office
shall remain In Office until their successors
are elected and qualified. A majority OF
the Directors shall constitute a quorum fol
| the transaction of any business, and the
Board of Directors at their first meeting
| following each annual election, shall elect
from their number, President and Sec
rotary Treasurer. and such other officers
as the Board of Directors shall deem nee
| essary.
TIE Board of Directors. shall have the
alter and amend all Bylaws, Rules and
| Regulations necessary and proper for the
support and management of the business
| and affairs of the said corporation.
l The said Board shall also have full power
and authority to borrow money and through
j the President or some other duly authoriz
1 ed agent or agents to execute mortgages
/ issue notes, bonds or other obligations IL
i such amounts or on such terms as in theil
Judgment may be advantage ous and gener
ally to do all things reasonably necessary
for the proper carrying on Of the business
of the said corporation and also to issue an(
deliver full paid shares of stock and bond.
or other obligations of the said corporation
in payment of money borrowed, or money
Il labor, or services or property or rights &C
tually received by the said corporation, ant
shall have the power to do all such act
and things as may be necessary TO carr,
out the objects and purposes for which thi
corporation is organized.
II At any meeting of the Board of Directors
any Director absent from the meeting ma,
be represented by any other Director, wb,
may cast the vote of the said absent Direc
tor according to the written instructions o
the said absent Director. The Board of ID
rectors shall have the power by vote Of no
less than three Directors to sell, lease
, mortgage, by bond mortgage or otherwise
! or to pledge any and all of the property
movable and immovable, belonging to tn
corporation, or to receive In exchange there
for, money or stocks or bonds or other OF
| legations of another corporation, without n
: ferring to the shareholders for the power I
do so. And they may also purchase 70
stock In said company or for cash or o
\ credit property of any kind required 70
any of the purposes of the corporatio
\ without authority of the shareholders.
r Until the next general meeting held unde
4 this Charter on the first legal day OF Ma
\ of each year, or until their duly qualife
successors are elected and installed tn
Board of Directors shall consist of Messr
!, l. III. Jastremski, L. Lopez, Henry Bent
a w. p. Kennedy, and A. Lopez with L. F
: Jastremski as President, Henry Bentz a
n Vice-President, and L. Lopez as Secretar,