The herald. [volume] (New Orleans, La.) 1905-1953, 1914-03-12
CHAR TER


OF THE LOUISIANA BAG CORPORATION
United States OF America, State Of louisiana
IarIsh OF Orleans, City OF New Orleans
he II known, That on this day. the third
81 the month OF February, IN the year of our
Lord, one thousand nine hundred and four
teen llSl4) and Of the Independence OF the
United States Of America the one HUNDRED
and thirty ninth, before me, Lewis Rossncr
Graham, notary public, in and for the
faTlsh OF Orleans, State Of Louisiana duly
commissioned, sworn and qualified, and in
the presence OF the Witnesses hereinafter
named and undersigned, personally came and
are hereunto subscribed, who severallv de.
Clared that, avaIling themselves of the pro.
visions OF the laws OF this State relative TO
me organization OF corporations, they have
coVenanted and agreed, and do by these pres
entS, covenant agree and bind themselves
ana those who may become hereafter asso.
Grated with them, to form themselves into
corporation Tor the objects and purposes, with
ihe name and under the stipulatiOns follow
ing, 70 wit:
Article /: The name and style of this cor.
poration shall be The Louisiana Bag Cor.
poration," and by said corporate name i
shall have and enjoy corporate succession for
PERIOD OF ninety-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 cornorat;on
shall be in the city OF New Orleans. and
all citations and other legal process shall be
directs.
Article III. The objects and n,rnos.s fo-
winch tins corporation is formed are hereby
declared TO be: To carry on the business ~
man manufacturing, buying and selling bu1lap
b basH, ootn ne" ana second hand, jute twines,
Durlaps, yarns, ties, fax or hemp twines, cot,
toh bags and bags sacks of all kinds. 10
buy and sell junk Of all kinds. and iron
Drass, copper and other metals, and bag
machinery; TO buy and sell any other kinds
OF merchandise the management NAV see 81.
10 act as agents for other parties firms or
corporations tor any Of the articles above c.,
loI m 10 receive goods on commission and t.
sen lhe same, and generally to hold and ex-
ercise all such incidental powers and priv.
tleges relative to the objects heretofore SET
lGLth and to carry on any other business in.
''I Ar,SI 70 or pertaining, to its purposes
AIuCe ~. he capital stock of this cor.
poratlon is hereby declared TO be two hundred
and nifty thousand dollars (25O,OO0Om d;vided
s INTO ana i,! represented by twenty hundred
shares lZSGO) OF one hundred dollars each
which stock shall be payable in cash or NAV
Oe issued IN payment of property purchases
or LOT services rendered to this corporation
.nIs corporation shall begin business and be.
come going concern soon as three thou.
sdnu collars shall be subscribed and paid Tor
article v, No stakeholder may sell. assign
or transfer his stock in this corporation with.
~ si'ing 10 me corporation, through its Sec.
rotary; thirty days prior notice in writing
oi SuCn intention, and the other Stockholders
shall have the first privilege of purcbasino
s"1 1o sald Stock at the book value thereof for
- u tAlINy udyS from said notice afte,
which thirty days notice the said stock msy
De sold IN the open market may
Article vi. All the corporate nowe-s .,
ms corporation shall be vested in and ex.
eLcIseu 1y Board Of Directors elected from
among the stockholders; two of whom sbsII
eonstltuie quorum for the transaction OF
any and all business. The said board Shall
CONSIST OF three directors ''"'
On the first Monday in January 1o1s ,,l
anHudly thereafter, a general meeting Of he
stockhoiders shall be held for the purpose
O. eleSting directors for the ensuing yeaT
said election shall be by ballot ar ths &c;
che OF the corporation, and the shareboid.rs
receiving the highest number Of the 49,
cast shall be declared elected Each sbare 81
StgCk shalI be entitled to one vote, whetber
noIuer thereot is present or represented nv .
written proxy. "
Immediately after election, the said d;-,c.
Lors shall select from their number a Pres.
cent Tent, VICE President-Secretary, and =
Article VII. Notice of all meetings of stocL.
holders for election of officers or Co. -,
tbe purpose shall be given in writing BY
oe secretary to be deposited in the mail
| at least ten days before such rnert;ns e hnII
ana directed to each stakeholder 10 his nsrs
ana addreSs as the same shall sDnear 800
nnt;oo ooGSS OF the corporation, unless SAID
nouSe IS waived in writing by ali of tbs
stockhoiders appearing as such on the hooLs
AT all such meetings every stockhoIdeI
nnetheF present IN person or by proxy. shall
stool staed;n 10 one vote for each share Of
/ Il n
tne corporation, and majority of the VOTE.
so cast shall be sufficient to elect or decid,
| al questions voted upon. 1NN'O'
! HIueIe VIII. No stakeholder shall ever n,
held liable or responsible for tbe co,,ea.. o'
faults or debts of this corporation in an,
iurtner sum than the unpaid balance due -
sne corporation on the shares of stock sub
scribed for by him, nor shall anv meTe 80,
malIty. IN organization have the effect -
rendering this charter null or Of exnosi,,
S So;I TO any liability beyond the un
pald oaIa1Se due upon said stock.
article TX. This act of incorporation ma,
be altered, amended or modified, or the CO.
poratIon may be dissolved by vote of tbree
Iourths IN amount of capital stock representeC
s.rrsd general meeting of the stockholder.
caIled TOR that purpose, after giving motto,
thereof as provided in Article VII of this ACT
ana, IN case of dissolution, at least ma
Jorlty OF the entire stock must be present n,
represented at such meeting, and the stock
hoiders at such meeting shall elect tu,o n;
| quldatlng commissioners who shall have cnt;r,
charge OF such liquidation, with authority n
sell and dispose of the assets of the corpora
uon' ana to NIL any vacancy occurring in thei,
The subscribers hereto have resn.c,;ve1,
written opposite their names the anount n
STOCK IN this corporation subscribed for b,
e e; OF them, so that this act Of incorpora
ton list OF this corporation
Article \. Until the regular election on III,
| hrst Monday in January 1915, the following
snaIl Gonstitute the Board of Directors: Jas
MIN Feitel, Rosa Feitel and Benjamin F
Feitel, with Jasmin Feitel, as President; Ben
Jamin F: Feitel, as Vice President Secretary
| Rosa Feitel, as Treasurer
Article Xl. In case of a vacancy on tn,
Board OF Directors or among the officers from
any cause, the vacancy shall be filled at
| special meeting of the Directors called TO
| that purpose.
The Board of Directors shall have power Il
enact, such bylaws, rules and regulations a
| necessary and for h.
ment of this corporation and the same 4
| alter and amend at pleasure
Thus done and passed, in my office in tn
| the City of New Orleans afore aid, the day