The herald. [volume] (New Orleans, La.) 1905-1953, 1912-06-27
CHARTE Err.
OF THE AUTOMATIC VENDING \
CHINE COMPANY.

~ =
OF LOUISIANA. PARISH OF OR
LEANS, CITY OF NEW ORLEANS.
Be it known. that on this fifth day Of the
month OF June in the year OF our Lord, one
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 Gurley, no.
| tary public, in and for the parish 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 be
come associated with them to form and
constitute a corporation or body polite in
law for the objects and purposes herein ex-
pressed and under the agreements and stip-
ulations following. to-wit:
The name of this corporation shall be the
| AUTOMATIC VENDING MACHINE COM
PANY," with its domicile in the CITY Of
New Orleans, state Of Louisiana, and under
| its corporate name, 1t shall have succession
and existence for ninety-nine 900 years
| from date hereof; 1t shall have the power
and authority to sue and be sued to buy,
1
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 may 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 II
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
rAnr Ion f1 Co. .,al T. n
with all the immunities, rights and priv.
leges, conferred upon corporations under the
laws Of Louisiana. To have the power to
make, alter, amend and abolish such bylaws,
duct of Its business. 1t shall have power to
act as agent or representative Of any per-
son, persons or corporation, as the board
or 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 II.
The objects and purposes for which this
corporal ion 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 Of 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.
The capital stock of this corporation Is
liked at the sum of fifty thousand dollars
$50, 100000, divided into five hundred
s100.00) each, which shall be paid for in
cash at the time Of its subscription or may
be issued full paid or worcestershire for pro-
rendered to this corporation r at fair ans
market value.
This corporation shall be a going concern
as soon as three thousand dollars 49,.
000.O0l Of its capital stock is subscribed
for, which amount the signers hereto de.
clare Is subscribed.
| All the corporate powers Of this corpora.
tion shall be vested In and exercised by q
board of directors of not less than three (3)
or more than five (5) 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 dr.
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
granted to this corporation in Article l.
The officers Of this corporation shall be Q
president, vice-president, a secretary and
treasurer S;ssS the last two I2) Offices may
Iofficers 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 e. Weems, a,
president; said John A. Sage as vicepresi
, dent and the said +. Rivers Richardson q:
secretary and treasurer.
Said board of directors and officers shall
hold their respective Offices until the second
Tuesday In June, 1913, at which time, ant
annually thereafter, an election for director,
shall be held at the Office Of the corporation
In conformity with the provisions of thi,
charter. And the said directors when 81
elected shall proceed at once to elect from
among their number, the officers herein pro
vided for
!, A failure to bold such election shall no
, annul this charter, but the then existing
board of directors and officers shall hol,
their respective offices until a new election
can be held, which shall be called and hel,
as soon as possible thereafter.
= Ten (10) days prior notice shall be givel
; through the mail to each stakeholder at hi
! last known address, Of all meetings Of stock
holders, unless by unanimous consent Is he'll
4 sooner and all stock issued, votes at sal
: meeting and valves notice referred to.
ell At all meetings OF stockholders, eac
: share Of stock issued shall be entitled to on
q vote cast by owner In person or by proxy
, ARTICLE v.
This charter may be altered or amende
or this corporate dissolved by a thret
s fourths (3-D vote OF the stock issued an
: present or represented at any regular Q
! special meeting Of stockholders called Il
e that purpose, after due notice as herein pre-
s vided.
AT the dissolution of this corporation
+ whether by Limitation or otherwise, the a
I'D BY the then existing board of director
No stockholder of this CORPORATION sha