The herald. [volume] (New Orleans, La.) 1905-1953, 1914-01-22

process shall be served upon the president,
and in the absence OF the P hsnuee Of both
OF these, upon the treasurer OF salo ColPois
ton. , . e.,
which this corporation is organized, ana inc
nature of the business to be carried on Oy II,
are hereby declared to be: To purchase ana
acquire lands, buildings, equipment ana ma
chinery, and more particularly Ianas, oI'i =,
ings equipment and machinery situated IN
Copiah and Lincoln counties, Mississippi, ana
known as the Mississippi Mills properly
and TO sell, mortgage, pledge, lease, rent, oPeI
ate or otherwise use the same or any part
Article IV.-The capital stock OF this; cor
poration is hereby fixed at the sum OF hve
thousand dollars $500, DIVIDED mo anu
represented by fifty (5O shares, each OF par
value of one hundred dollars QQO), payaDle
IN cash or its equivalent and the company
shall commence business and become going
concern as soon as 5000 of its capital STOCK
is subscribed.
Article V-All the corporate powers of this
corporation shall be vested IN and exercised
by board of not less than tour nor more
than six directors all stockholders OF this
corporation. The directors shall be emitted
TO vote at directors meetings by proxy
F. Marx, l. Marx, $. Odenheimer and yohn
H. Hickey shall constitute the FIRST board OF
directors who shall hold office until the third
Thursday of January, 1915, until their sue
cessors shall have been duly elected and quail:
flied. In each year, on the third thursday OF
January the directors shall be elected by
ballot OF the stockholders at the annual meet
ing called by mailing TO each stockholder' al
his last known place OF residence, ten days
written notice OF such meeting. Each stock
holder shall be entitled, by person or by
proxy to vote for every share owned by nun
and standing in his name on the books OF
the corporation at the time OF the eIectloh
or other meeting, and all elections shall be
held under such rules and regulations as may
be determined by the board OF directors. ran.
ure to hold an election on the date speciheu
shall not dissolve the corporation, but the
directors then in office shall hold their re-
speCtive offices until an election be SubSe-
quently held after ten days written notice
mailed to the last known place OF residence
OF each stakeholder.
Vacancies occurring on said board shall be
filled by the remaining directors for the I'M
expired term.
The officers Of this corporation shall con-
SlSt of president, a ylCe-pTesldent, a Secie-
tary and treasurer.
The following shall be the officers of the
company until the third Thursday of January,
are duly elected and qualified S. Odenhei-
mer president; |. Marx, vlce-preSident; John
H. Hickey, secretary; E. Marx, treasurer.
Article VI.-All transfers of stock OF this
corporation must be made upon the books OF
the company upon production Of the stock
certificate No stakeholder of this corpora
tion shall sell otherwise dispose OF his
stock, without first offering the same in writ
ing, at the bona hde price offered to him
therefor, to the other stockholders through
the Board OF Directors. Each stakeholder
SHALL upon such offer, be notified IN writ
ing by the Board of Directors, and shall
have fifteen days from such notice to accept
or reject the offer to sell.
Article VII-No stakeholder shall ever be
held liable or responsible for the contracts,
faults, or debts of the said corporation, nor
shall any informality in its organization have
the effect of rendering this charter null, or
OF exposing stakeholder to any liability be-
yond the unpaid balance, if any, due on the
shares owned by him.
Article NIII-This act of Incorporation may
be altered. amended, or modified, or the cor
poration may be dissolved by vote of three
fourths of the shares of stock present re-
presented az a general meeting of the stock
holders, called for that purpose, after thirty
days notice in writing mailed to the last
known place or residence or business of each
stakeholder. The capital stock of this cor
poration may be increased, or diminished, as
provided by the laws of louisiana.
In case Of dissolution by the expiration of
this charter, or otherwise, the stockholders
shall elect two liqudators from their number
to liquidate and settle the business and al
fairs OF the company In case OF disability
OF one of said commissioners, the other shall
continue 10 act and liquidate and settle the
business and affairs of the company.
Thus done and passed, in my office, in the
City of New Orleans, State Of Louisiana, on
and in the presence of Messieurs Ralph j.
Schwartz and A. Miles Coe, competent wit
nesses, who have signed these presents to-
gether with the said appearers and me, notary,
after due reading of the whole.
Ralph ]. Schwartz, A. Miles Coe.
Original signed) Philip Gensler, Jr.,
Notary Public.
J. the undersigned Recorder of Mortgages,
in and for the Parish of Orleans, State OF
Louisiana, do hereby certify that the above
and foregoing Act of Incorporation of the
WESSON OPERATING COMPANY was this
day duly recorded in my office, in Book lll9,
folio -.
New Orleans. January 20, 1914
(Signed) EMILE ]. LEONARD, d. R.
A true copy of original, with names of sub
scrlbers and number OF shares subscribed for
by each. omitted
PHILIP GENSLER, JR., Notary Public.
jan p % feb II l9 %