The herald., 1914-08-20
CHARTER
OF THE NEW ORLEANS PICKERY.

- VI LIE NEW ORLEANS
United States of America, State of Louisiana,
Parish of Orleans, City of New Orleans.
BE II known. That on this, the ninth, day
OF the month Of July, in the year of our Lord
one thousand nine hundred and fourteen, and
OF the independence Of the United States of
America the one hundred and thirty -eighth,
before me, Charles +. fletchinger, a notary
public, duly commissioned and qualified in
and Tor the city, parish and state aforesaid,
therein residing, and in the presence of the
witnesses hereinafter named and undersigned,
personally came and appeared the several per-
sons whose names are hereunto subscribed,
who declared that, a~vailing themselves of the
provisions of the laws of this state relative
to the formation and organization of corpora
tons, they have covenanted and agreed. and
90, by these presents, covenant and agree and
bind themselves, as well as those who NAV
hereafter become associated with them, to form
themselves intoa corporation for the objects
and purposes. with the name and unler the
stipulations following, to-wit:
Article 1.-The name and STYLE Of this cor
poratiOn shall be The New Orleans Pickery.
and by said corporate name il shall have and
ENJOY succession and existence for a period
OF ninety-nlne years, unless sooner dissolved,
and shall have all of the rights, privileges
and immunities granted by law to CORPORA
tons; and, under said corporate name, il Shall
nave power and authority to contract, sue and
be sued; to make and use a corporate seal
and to break or alter the same at pleasure,
and make all necessary rules and regulations
LOT us corporate management and control, and
snail have and enjoy all the rights, privileges
and Immunitles which dow or may hereafter
be granted by law to corporations of the
same kind and character.
Article II.-The domicile of this corpora.
tion snail be in the city of New Orleans,
state of Louisiana, and ali citations and otbe,
legal processes shall be served upon the
president, or, in his absence or inability N
act, upon any other ofhver of the corporation.
Article ll1.-The objects and purposes for
which this corporation is organized and ,he
nature OF the business to be carried on by II
are hereby declared to be: To acquire. by
purchase, lease or otherwise, one or more
pickerles or other cotton rcconditioning estab.
lishnents, and to own, maintain and operate
the same; TO. buy and sell, and generally 10
dea! IN all kinds of cotton and cotton bv.
products, bagging, ties and accessories: TO buv
and sell and generally to deal in the objects
above specified, either for the purpose of do.
own use and account or as the factor or agent
Tor others. and generally to do and perform
all other things incidental or gerrnane TO Inc
objects. and purposes above expressed.
Article lv-Ih capital stock of this cor.
poration is hereby fixed at the sum Of twenty
hve thousand dollars (S25,OO0). divided into
two hundred and fifty shares Of the par value
OF one hundred dollars each. Said stock shall
be issued only for cash or in payment OF
property received by or services rendered IN
said corporation, and this corporation shall
commence business and become a going con.
Germ as soon as ten thousand dollars Of its
capital stock shall have been subscribed for
The balance Of said capital stock shall be
issued and paid for as and when directed
by the board of directors. Said stock shall
be fully paid at the time Of its issuance and
thereafter be worcestershire. The said appear.
ers declare that they each hereby subscribe
for the number of shares of the capital stock
Of said corporation set opposite their respec.
tive signatures hereto.
No present or future stakeholder shall eve,
validity sell, assign or transfer, other than by