The herald. [volume] (New Orleans, La.) 1905-1953, 1912-07-18
CHARTER.
OF THE AUTOMATIC VENDING Ma
CHINE COMPANY
UNITED STATES OF AMERICA STATE
OF LOUISIANA PARISH on on


OF THE AUTOMATIC VENDING MA
CHINE COMPANY.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF OR
| LEANS, CITY OF NEW ORLEANS.
lie 1t 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 q no.
| tary public, in and for the parish OF Orleans.
state OF Louisiana. duly commissioned and
quallned and in the presence OF the wit
neSSeS hereinafter named and undersigned
| personally came and appeared: the sayera /
persons who hereuntO subscribe their names.
| all residents OF this city, who severally de-
clare, that availing themselves OF the pro-
visions or 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 NAV be
associated with them, or may hereafter be-
come associated with them, to form and
constitute corporation or body polite in
law Tor the objects and purposes herein er-
pressed and under the agreements and stIp.
ulations following, to-wt:
ARTICLE l.
q. me name or this corporation shall be the
AUTOMATIC VENDING MACHINE COM
PANf," with Its domicile in the civ OF
New orleans, state Of louisiana and under
n ITS corporate name, 1t shall have succession
anu tAisteHte IOr nlnety-ntne 1901
from date hereof: 1t shall have the mower
ana authority to sue and be sued: 70 buv
| h0id. receive improve, convey, sell, operate
pledge, mortgage, hypothecate, rent and
10 name and appoint all manner OF em
pIoyees and agents, as its interests NAV re-
qulre, 10 nave power and authority to Dor.
, Tow ana iend money, issue bonds. secured or
unsecured, In such manner as its board OF
directors may determine; and generally n
snaLl nave power and authority TO do all
sucn acts and things. provided BY law, that
may De necessary and proper TO carry out
the objects and purposes for which tbis cor
poratlOn Is formed and is hereby vested
with all the immunities, rights and nriyi
i e 80 conferred upon corporations under the
laws or Louisiana. To have the power 70
make, alter amend and abolish such bylaws
Iuies and regulations for the proper con-
DUCT OF Its business. 1t shall have power TO
&C. 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.
re 10 TINS company shall be served upon
or Inability to act, then upon the vice.
president thereof.
ARTICLE III.
Inc objects and purposes for which thi,
corporation Is organized and the nature OF
the business to be carried on by 1t are here
Dy declared to be- to buy sell, operate and
lease on royalty or otherwise, Bulls Auto
m,aIte Corn Popping Machines or any other
ulacnIne or similar nature, with full power
70 construct and operate any kind Of auto
matte machines and to do any and ali tSi.os
incidental to the conduct of said business.
ARTICLE III.
The capital stock Of this corporation 4,
$3.50, 000.OO), divided into five bundreS
}22y100o shares OF one hundred dollars
SlOO0Ol each, which shall be paid for In
eash at the time Of its subscription or may
ne issued 1ull paid or worcestershire for nro-
perry actually purchased or services actually
rendered to this corporation, at Q fair and
market value.
This corporation shall be a going concern
as as soon as three thousand dollars (s3,-
VOo.OOl OF Its capital stock Is subscribed
Ior, which amount the signers hereto de-
clare Is subscribed
ARTICLE w.
All the corporate powers of this corpora. |
ZION snail be vested in and exercised bv A
board OF directors Of not less than three I3l
or more than Ave (5) directors, who shall |
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 boa I'd |
OF directors shall be filed by the remaining
directors for the unexpired term. Any al, |
rector may be represented at any board |
proIy slv ey general or special written
Ihe board OF directors shall have power /
and authority to exercise all the powers |
granted The 1T, 70 this corporation in Article L
president, a vice4president, a secretary and
treasurer; the last two '(2) offices may
De hlled by one a. person. All Of said
om lcs must be members of the board.
Ine nrst board of directors Of this corpo-
ration Is hereby declared to be- Rupert Z.
Weems, John A. Sage and f. Rivers Rich
ardson; with the said Rupert e. Weems. a,
president; said John A. Sage as vice-presi-
dent, and the said f. Rivers Richardson a.
secretary and treasurer
SAID board Of directors and officers shall
mold their respective Offices until the second
1 tuesday IN June, 1913, at which time, and
annually thereafter, an election for directors
shall be held at the Office Of the Corporation
IN conformity with the provisions OF thi,
charter. And the said directors when SO
s,eeeu snai proceed at once To elect from
among their number, the officers herein pro-
vided for. p'''
A failure to hold such election shall NOT
annui this charter, but the then existing
their respective Offices until a new election
can be held, which shall be called and held
as soon as possible thereafter.
Zen tlO) days prior notice shall be given
Iast known address, Of all meetings of stock
holders, unless by unanimous consent Ia held
sooner and all stock issued, votes at said |
meeting and valves notice referred to.
AT all meetings of stockholders, each
snare OF stock issued shall be entitled TO one
vote cast Dy owner In person or by proxy
ARTICLE v.
Tnis charter may be altered or amended |
or this corporation dissolved by a three
fourths t3-4) vote Of the stock issued and |
present or represented at any regular or /
special meeting OF stockholders called for
vided. ~"
AT the dissolution of this CORPORATION. |
whether by Limitation or otherwise, the af, |
Iairs thereof shall be liquidated and wound |
up by the then existing board of directors |
No stockholder Of this corporation shall |
De held liable or responsible for the con- |
tracts or faults thereof. In anI further sum