The herald., 1913-04-24

act or the legislature OF this state, known
as Act No. SO, OF the session OF 1888, al
we'll as those Of the general laws Of THU
state relative to the organization of cOrpor
atoms, they have formed and organized
and, by these presents do form themselves
into and constitute a corporation for tn,
objects and purposes and under the stipula
tiOns and agreements hereinafter set forth
and expressed. which they hereby adopt as
their charter, tO-wit:
ARTICLE l.
The name and title Of this corporatior
shall be Gulf Woodworking Company, with
its dOmicile in the city Of New Orleans and
shall exist for ninety-nine (99) years from
this date.
1t shall have the right to receive, hold
own, lease, purchase, ALLEVIATE and mort
gage property real and personal; to Dor
row money and give proper evidence there.
for; to SUI and he sued, and generally 10
exercise all the powers granted to corpOr-
ations by the laws Of this state.
ARTICLE IL.
All citations and other legal process shall
be served on the president, or in the event
Of his inability to act, or his absence, then
upon the sccretary-treaSurer.
ARTICLE III.
The objects and purposes for which this
corporation Is organized, and the nature of
the business to be carried on by II are
hereby declared TO be: The manufacture
Of and general dealing in any and all kinds
of articles of wood, spokes, handles, trays,
crates, hampers and bored and turned wa re-
Of all kinds, boxes and mailing cases. etc.
whether for its own account, or by contract
OF royalty or otherwise.
ARTICLE ".
The capital stock Of this corporation IS
hereby declared TO be twenty-five thousand
dollars tH2JOUO.OOD, divided into two hun
lrcd and fifty t2JUl shares Of one hundred
dollars tS1OO.0OD each, which said stock
snail de- paid for in cash, or its equivalent.
or in such instruments as may be called for
10y the Board Of Directors. or said stock
may he issued full paid and worcestershire
Tor the purchase Of property, real, personal
or mixed, or for services rendered the said
corporation. Said stock shall be transfer
able only on the books Of the company and
no stockholder shall be allowed 10 sell his
stock without first Offering same to this
corporation through its board OF directors
giving them sixty days option in which 10
purchase said stock at its book value, TO
he ascertaincd by account Of stock last pre-
viOuSly taken. The capital stock OF This
corporation may be Increased or dacrea sed
by vote of the majority of the stock is,
sued, after ten days prior notice in writing
thSLooi having been sent 10 each stock
holder at his last known dOmicie.
This corporation shall be authorized 10
commence business as soon as three thou
sand dollars S3,OOO.OO) of its capital stock
Is subscribed for.
ARTICLE V.
All the corporate powers Of this corpor.
alton shall be vested in and exercised by
4 board of directors composed of stOckhOld.
ers. majority of said board, exclusive
Of the president, shall constitute a quorum.
the president only voting in case of a tie
The first board of directors shall be elected
at general meeting OF stockholders TO be
held on the fourth Tuesday in March, 1913.
ana annually thereafter, which said board
shaII, immediately upon its election. from
among its members select a president, a
"lce-preSldent and secretary-treasurer, and
SAID board of directors and officers shall
hold their respective offices until the fourth
Tuesday In March, 1914.
All directors and officers herein provided
for shall remain in Office until their sue
ceSSorS are duly elected and qualified and
should this corporation fail to elect direc-
tors and officers. as herein provided for, the
then existing directors, or officers, shall
remain in office until their successors are
duly elected and qualified and another cleo.
tion shall be held as soon as possible there.
after. after giving ten days written notice
to all parties concerned at their last known
domicile.
Each share of stock shall be entitled TO
one vote to be cast by the onwer IL present.
or by proxy, and the majority of votes cast
snail elect and decide all matters voted upon.
No employee of this corporation shall be
considered as employed by the year, unless
so contracted with in writing.
ARTICLE VI.
No stakeholder shall be held liable or
debts of said corporation, nor shall any mere
informality In its organization have the
effect Of rendering this charter null or of
exposing any stakeholder to liability beyond
the unpaid balance that may be due on his
shares of stock.
ARTICLE VII.
This act of Incorporation may be changed
modified, or this corporation may be dis.
solved, with the assent of three fourths
vote OF the stock issued, at a general meet
Ing convened for that purpose, after not
less than ten days written prior notice sent
10 each stakeholder at his last known ad.
dress. In case of dissolution OF this cor
poratlon, either by Limitation or otherwise
its affairs shall be wound up and lauidated
by the then existing board of directors.
Thus done and passed, In my office, at
the city of New Orleans. La, on the day.
month and year first above written. in the
presence OF Messieurs August H. Ritter and
Kari j. Nosloh, competent witnesses who
hereunto sign their name. together with the
said appearers and me, notary, after reading
OF the whole.
Original signed: Edwin Shelby and others.
\. III. Ritter, Karl ]. Vosloh.
]. NJ. QUINTERO, Notary Public.
i, the undersigned recorder of mortgages
In and for the parish OF Orleans state OF
and foregoing act of Incorporation of the
Gulf Woodworking Company" was this day
duly recorded in my office, In book loss.
folio $50: New Orleans, La. April s, 1913
(Signed) EMILE J. LEONARD, D. r..
A true copy.
J. N. QUINTERo, Notary Public.
apr 10 IL "a may l s 10, 1913