The herald., 1914-11-05
CHARTER
OF W. {. BECK COMPANY, INCORPO
RATED.
United States Of America, State OF louisiana
Parish OF Orleans, City OF New Orleans.

United States Of America, State OF louisiana,
Parish OF Orleans, City OF New Orleans.
BE il Known. that on this 10Th day OF the
month OF October, IN the year OF our Lore
one thousand nine hundred and fourteen, ana
II the independence Of the | ultcu states o.
America the one hundred and thlrty-nntA,
before ne, Lyle Saxon, notary puplc du!y
commits toned and qualified, IN ana Tor ''e
above city, parish and state, therein ITeih'Hs'
and in the presence OF the witnesses heftiH-
after named and undersigned personally came
and appeared The several persons "hoNS
names are herruuto subscribed, who declared
that ayailiug themselves OF the provisions OF
the laws Of the state Of Louisiana relative 10
the organization u corporations, III such
cases made and provided. they constitute
themselves, their associates, successors anu
assigns. a corporation under the StIpulatlons
herein set forth, which they adopt as their
charter, to-wIt:
Article The name and style OF this cor
poratlon shall he. w. {. Beck Company, In
,orporatcd" and il shall enjoy succession
and corpu. ate existence Tor period Oh Ninety .
nine wears from date hereof, and It shall
have for the purposes OF the business 10 be
carried on by It, all the powers conferred ny
law upon corporations, ana >haH Sehetd"H
exercise all the power necessary to carry on
said business.
Article 1.-THE domicile Of this corporation
shall he IN the city OF New Orleans, state 81
louisiana. and all citations and other legal
process, shall be served on the president 81
-
10 act. upon the seCrctary-tTeaSurer.
Article IIT.-The objects and purposes for
which this corporation Is organized, and the
nature OF the business to be carried on bS
II are hereby declared to he that OF de4hhE
IN grain, grain products, iced StuitS, nay, hon'
corn corn products and all and any articles
in connection with business OF such nature
10 purchase and sell gram, gram products
and cereals OF all kinds; and to deai gene.
ally IN other food articles mduuiac'ured from
grain or cereals, or IN all kinds OF goods thdt
may be produced from OF IN conjunction WIN
gram or cereals of any KIND, and 10 do any
act or thing that may be necessary TO carry
out the objects and purposes OF this coTpoT-
afiou as outlined above.
Article IN.-Ihe capital stock OF inns cor
poration Is hereby nNed at the sum OF twenty
thousand $4,000 dollars, 10 be represented
bv two hundred (21Ol shares OF stock At the
par value Of one hundred dollars tSlUOl each.
Fifty per cent $500 OF the capital stock must
he subscribed before the filing OF the artl-
stock subscribed for must be actually paid
in before the corporation engages IN business
and the remainder within twelve months
The amount to which the capital stock may
be increased shall be thirty thousand dollars
$4,000.
All stock subscribed for shall be paid for
in cash or its equivalent, or property received,
or labor done. at such time and upon such
terms and conditions as the board of dIrec-
tors shall prescribe. No transfer OF stock snail
| he admitted or held to he valid or binding
SO lar as the company IS concerned unless
made upon the books OF the company. No
| sale or pledge Of stock shall he valid unless
| said sale or pledge Is accompanied by VIII,
! ten certificate signed by the president ana ana
northumberland Of the company, to the Ell
! feet that said stock was offered to the re,
naming stockholders through said board OF
| directors, at its book value, for period OF
| fifteen days. and they have iailed OF de'
clined to purchase same.
Stock sold or pledged in contravention to
| this provision shall become the property OF
the stakeholder first rendering to the trans
| fierce or pledge its book value.
! Article N.-All the powers OF this corpora,
! tion shall be vested in, and the business and
/ affairs shall be managed, by board OF III
| rectors consisting OF three directors, who
! stockholders on the first Monday IN July OF
| Article VI.-The first board Of directors
| shall consist of William {. Beck, 1910 Berlin
| street. New Orleans, La; Charles 4. Beck
| lZlg Napoleon avenue, New Orleans, La, ant
| Duncan McStravick, 1921 Constance 81, New
! Orleans, La, OF whom William I. Beck snal
| be president, Charles A. Beck, vIce-presiden'
! and Duncan McStrayick, secretary treasurer
| all OF whom shall hold office until the hrS
| Monday in July, 1918, or until their success
/ Sors shall have been elected.
| All elections shall be held by ballot al th'
| Office OF the company, under the supervisor
| of two commissioners, to be appointed by th'
! board OF directors. Notice OF such meeting
| shall be given by the secretary treasurer II
| writing, delivered to each stockholder IN per
| son, or mailed to his last known address, a
| least ten days prior TO such election Dut thi'
notice may be waived by all the stockholders
| At all such elections, and at all meeting
| of the stockholders, every stoc kholder shall
| be entitled to one vote for each share OF stock
| standing in his name, on the books OF thi
| company, at the date OF said election o
| meeting; said votes to be cast IN person, o
by written proxy, and a majority OF vote
| shall elect.
| The failure to elect directors at the annua
meeting shall not dissolve or affect the cor
poration. nor impair its management IN an!
| respect but the directors IN office snail re
| main in Office until their successors are elect
ed and qualified.
| as possible after their own election, pres
| ident vice president and a secretary-treas
urer. and may grant to each officer such powe
as they deem mt.
cause shall be filled by the remaining direc
tors Any member of the board may appoln
any other director his proxy to act IN nj
place and stead at any meeting OF the boarc
| Article Widths act of Incorporation ma
| be modified, changed or altered, or said col
poration may be dissolved, with the assent q
| two-thirds of the capital stock OUTSTANDING
at meeting of the stockholders convened 10
that purpose and after ten days notice ma
been given by registered letter mailed 10 IN
last known address of each stockholder IN
said notice may be waived by the unanimou
consent of all the stockholders.
In case of the dissolution Of the corpora
tion its affairs shall be liquidated by IN
directors in office at the date OF the dissolu
iTion.
Article VIII.-No stakeholder shall eve
he held liable for the faults or contracts Q
the said corporation in any further sum tina
the unpaid balance due to the corporation
the shares owned by him, nor shall any mer
informality in this charter have the effect G
rendering this charter null, or exposing an
stocAholder to any liability beyond the III
paid liability due on his stock. ,,,.
Article IX.-The subscription OF Nllliai
{. Beck to this company for the amount {
seven thousand dollars of stock, or sevent
shares, is covered by the transfer 20 TN
company on this date, by the said William
Beck of all his property, business ana 10
good will hereof, consisting OF the feed, ma
and grain business conducted by the sal
William C. Beck at No. $50 Magazine stree
in the city of New Orleans, in its entirety,
going business; all as per transfer TO TN
corporation by a duly authenticated act {
sale, passed before Lyle Saxon, the unde
signed notary public, which said bushes
good will etc. is valued by the said WILMA
{. Beck at the sum of seven thousand 90
lars. and in which valuation the board OF d
, | rectors hereinabove named, concur and agre
| Article X.-The subscribers hereto nave r
| spectively written opposite their names u
| amount of stock subscribed by them to IN
corporation so that this act of incorporate
NAV also serve as the original subscriptiC
list of the corporation, and they have state
| their postofhce addresses so as 70 contoI
with act 267 of the general assembly oil u
state of Louisiana, OF the year 1914.