The herald. [volume] (New Orleans, La.) 1905-1953, 1914-02-12
CHAR TER

]
CHARTER
! OF THE LOUISIANA BAG CORPORATION.
| | uitcd States Of America. State OF Louisiana
| naTsh of Orleans, City Of New Orleans
he 1t known. That on this day, the third
| gi the month of February in the year Of our
/ Lord, one thousand nine hundred and four
| teen QSlG and Of the Independence of the
! United States Of America, the one hundred
| and thirty ninth, before me Lewis Rossnsr
| Graham, a notary public, in and for the
| Parish OF Orleans, State Of Louisiana, duly
! commissioned sworn and qualified, and in
! the presence OF the Witnesses hereinafter
! named and undersigned, personally came and
| appeared, the several parties whose names
are hereunto subscribed, who severally de-
] clared that, availIng themselves Of the nro-
| VISIONS OF the laws Of this State relative to
! the organization of corporations thew have
| covenanted and agreed, and do by these pres
| ems covenant, agree and bind themselves
ana those who may become hereafter assn
ciated with them, TO form themselves into
| corporation for the objects and purposes win
! me name and under the stipulatious follow
Article /. The name and style of this cor.
poratIon shall be The Louisiana Bag Cor.
Poration, and by said corporate name If
siiall nave ana ENJOY corporate succession for
| a period OF nlnety-nine years from the date
hereof unless sooner dissolved. and shall
| nave all the rights, privileges and immunities
granted by law to corporations.
! Article H. The domicile of this CORPORATION
| snail be IN the city of New Orleans and
all citations and other legal process shall he
| served as the law directs.
! Artlcle III. The objects and purposes for
WIiCh inns corporation is formed are hereby
! ueCIaIeu TO be; 10 carry the business OF
I mdnuiacturing, buying and selling burlap
| pdgS' Doth new and second hand, lutte twines
! ouIi apps yarns, ties, flax or hemp twines cot
| ION bags and bags sacks of all kinds: 10
Duy and sell junk of all kinds and ;ron
DraSis, copper and other metals, and bag
machinery; to buy and sell any Other kinds
OF merchandise the management NAV see s..
| 10 act as agents for other parties firms or
corporations tor any of the articles above SET
| Iii !" - 10 receive goods on commission and to
| sen the same, and generally to hold and ex
SStCise an such incidental powers and nriv
Heges relative TO the objects heretofore set
rGdtn ana TO carry on any other business in
! 0eehtdi TO or pertaining to its purposes
Article ~. The capital stock of This cor.
poiSti H9 Is hereby declared TO be two hundred
ana NIFTY thousand dollars (25O,OOOOO divided
shares 1250P of nns by twenty-five hundred
which stock shall be payable in cash or NAV
oe issued IN payment of property purcbascd
| tb;s ioi services rendered to this corporation; ;
| tnIs corporation shall begin business and he
| come a going concern as soon as three thou
| ''nu u9IIars snail be subscribed and paid for
AIllCie '. No stakeholder may self assign
| VI udnsler ms stock in this corporation with
OUT gfTing to the corporation through its s.
| rotary; thirty days prior notice in writing
81 Sn'h intention, and the other stockholders
the sal, iid'e Ihe hrst privilege of purchasing
INC sald stock at the book value thereof for
PERIOD OF thirty days from said notice, after
Mhieh ihirty days notice the said stock NAV
| De scld IN the open market my
Article VI: Ali the corporate powers of
| inns corporation shall be vested in and 81
creased by Board of Directors elected froN,
among among the stockholders; two of whom shall
constitute a quorum for the TRANSCRIBED 81
| any and all business The said board ~ ~
consist of three directors. Siidii
,r' Om me hrst Monday in January. 1915. and
annually thereafter, a general meefino % Gnu ,t
stockholders shall be held for tbn Oh ne
| OF erecting directors for the ensring 80
Sdlu election shall be by ballot at the DOM.
Saie VI Ihe corporation, and the shareholders
receiving the highest number Of The ,,o.a
cast shall be declared elected Each sb,. .o'es g
STOCK snail be entitled to one vote ,ybetbo-
,r;t,d uleIeoi is present represented by
Immediately after election. the said d;-oo
tprs snail select from their number a Presi-
TTenl, wee President Secretary. and
Article VII. Notice of all meetiros IS .,..,.
n1Lders for election of officers or Tor an,
other purpose shall be given in writ;no hyy
AZ Ieae etr td TO be deposited in the mail.
DIT ieast ten days before such meeting ;s hnII'
ana directed to each stakeholder IN his o,u'
ana address as the same shall appear M
M; DOCKS OF the corporation, unless said
| stockboide-S d an IN writing by all of the
''VCAnoidefS appearing such on the hooks
~ an such meetings every stockbo1Jer
wuetner present in person or by NOV sbsii
Stoct s s.I 10 one vote for each share of
III MS name on the bOOLS of
INC corporation, and a majority of the vo,os
III east snail be sufficient to elect or dec;Se
all questions voted upon. VI ueciue
MuSie VII. No stakeholder shall eva- h.
LII. haOie or responsible for the contracts
iauitS or debts of this Corporation in a,,
III! .Lurther sum than the unpaid balance due ~
sne;b corporation on the shares of stock sub.
scrioed tor by him, nor shall any meTe 80.
nldliIy. IN organization have the effect nf
Iehderlng this charter null or of exnosi. VI
S soei to any liability beyond the nn
Patu DaIance due upon said stock VI"
Article IN This act az ;pcorno...;
De di!ered, amended or modified, or the co..
Poratlon may be dissolved by a vote Of ,broa-
at IN amount OF capital stock represented
called for that purpose after givina Dot;Is
tnereot as provided in Article vii Of This act
anu IN case OF dissolution, at least a ma
yepres. ~ .Ie entlre stock must be present or
LePIIesented at such meeting, and the stock
noiders at such meeting shall elect two Il.
quludtlng commissioners who shall have entire
se snG Of d; such liquidation with authority to
ton, and to fill any vacancy occurring in H.
number ii"s III tneir
The subscribers hereto have respectiveIv
s,o.io opposite their names the amount Of
each OF them, so that this act of incornors.
tion may also serve as the original snhscr;n.
ton list of this corporation.
AIiGie " Until the regular election on the
hrst Monday in January, 1915, the following
snail constitute the Board of Directors: las.
min Feitel. Rosa Feitel and BENJAMIN F.
Feitel, with Jasmin Feitel as President: Ben
lamin F; Feitel, as Vice President Secretary;
Rosa Feitel, as Treasurer
Article NJ. In case of a vacancy on the
Board OF Directors or among the officers from
any cause, the vacancy shall be filed at a
special meeting of the Directors called for
that purpose.
The Board of Directors shall have power to
enact such bylaws, rules and regulations as
may be necessary and proper for the manage
ment OF this corporation and the same TO
alter and amend at pleasure
Thus done and passed, in my office in the
the City of New Orleans aforesaid. the day.