The herald. [volume] (New Orleans, La.) 1905-1953, 1914-02-26
CHAR TER


OF TIE LOUISIANA BAG CORPORATION.
United States 81 America, State Of Louisiana.
IariNh OF Orleans, City o. New Orleans
lie II known, That on this day, the third
OF me month OF February, III the wear Of our
Lord, one thousand nine hundred and four
teen Ll9l+ and Of the Independence of the.
Onlied states Of America, the one hundred
ana lhTiy-unih' before me, Lewis Rossncr
Graham, a notary public, in and Tor the
IdrlNh 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.
ciared that, avaIlIug themselves Of the pro-
visions OF the laws OF this State relative to
the organization OF corporations, they have
cpverantcd 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 int,
corporation tor the objects and purposes, with
the name and under the stpuations follow
ing. To wit:
Article /. The name and style of this cor.
PoIatl"n snail be The Louisiana Bag Cor
por4ti"n. and by said corporate name il
shaIl nave and enjoy corporate succession for
period OF nnety-nine years from the date
hereof unless sooner dissolved. and shall
nave al the rights. privileges and immunities
granted by law to corporations
Article III. The domicile of this corporation
s sli be IN the city Of New Orleans, and
all citations and other legal process shall h.
served as the law directs
ArilcIe III. The objects and purposes for
NIlSh inns corporation Is formed are hereby
uetldIed L" be: 10 carry on the business OF
manufacturing. buying and selling burIan
6agS, both new and second hand lutte twinei
burIapS' yarns, ties, flax or hemp twines. COT.
ION bags and bags sacks of all kinds; to
b buy ana sell junk Of all kinds, and iron.
DrdsS, copper and other metals, and bag
machinery; to buy and sell any other kinds
OF merchandise the management may SEQ ~.
10 dCt as agents Tor other parties, firms or
toIPordtions Tor any OF the articles above set
ioTth; 10 receive goods on commission and 10
sen the same, and generally to hold and cx-
efclNe an such incidental powers and priv.
E.sSS IeIdtiNe 10 the objects heretofore set
IC''h ana 10 carry on any other business in
HGenial to or pertaining to its purposes
N'IiCie ~. he capital stock Of this cor
porStion IS hereby declared to be two hundred
ana nifty thousand dollars (25OOO OM diyiJeJ
INTO and represented by twentv-fve bund-eJ
shares l-SO OF one hundred dollars each
WhlCh stock shall be PAYABLE in cash ar NJ,
- ,"eu III payment OF property purchased
or Tor services rendered to this roTnoratio,, p.
inns corporation shall begin business and he
ColHS gong concern soon as three thou
sd.u collars shall be subscribed and paid for
nv ,r.,,fN no St0ckholder may sell, assign
V, uahSier ms stock in this corporation with.
OuI giving TO the corporation, through IFS SCI.
IF'aty, thlrty days prior notice in writino
81 Snch intention: and the other Stockholders
slIal nave the hrst privilege of purchasing
the SAID stock at the book value tbrTenf rs
d period OF thirty days from said notice after
%Ilch thirty days notice the said stoct nv
Oe sold IN the open market
Article VI. All the corporate novers os
inns corporation shall he vested in and eU.
eIclsed by Board Of Directors elected from
S anrons the stockholders; two & whom shall
constitute a quorum for the transactior 80
any and all business The said hos-J Iii
consist of three directors ''"'N Si'aiI
On the first Monday in January. 1918 and
S,anI.IEy lhereatter, general meeting of the
OF Erecting directors for the ensuing -
ndid election shall be by ballot at the do,n;.
edle OF the corporation, and the shareholders
Cdst snail be declared elected Each share ~
St2ck snail be entitled to one vote. ybatbcr
noiaeI thereot IS present or represented bv a
written proxy. ny
tors shall select from their numbc- y P.S
TTT rnssr VICE President Secretary, and a
Article VII. Notice of all meetings of stock.
other purpose shall be given in vr;t;ra hys
ne secretary TO be deposited in the nj
at least ten days before such meeting is h.IJ
I I ulIScted TO each stakeholder TO his name
sL nu duuIeSs as the same shall appear unon
the DOCKS OF the corporation, unless Sid
nolSS IS waived in writing by all of the
'IHTNiioiuerS appearing as such on the hooks
wbe,ber an , sucn meetings every stakeholder.
S"0tneI present IN person or by proxy shall
De Shutled to one vote for each share rs
STOCK standing in his name on The booLs ~
so 1e cor COOPERATION, and majority of the votes
81 tdst snaII be sufficient to elect or decide
all questions voted upon ueeiue
Aucle VIII. No stakeholder shall eyer he
neId liable or responsible for the contracts
i%ut5s OF debts of this corporation in any
iurther sum than the unpaid balance H. -
the corporation on the shares of stool erb
sCrloed TOR by him, nor shall anv mere ;nfor.
uIaIty IN organization have the effect Of
stocTboISS. tnis charter null or of exposing
paid balance due upon said stock VII
Arlcle IN This act of incorporation NAV
DC altered, amended or modified, or the cor.
onTtbS may be dissolved by vote of three
ioul ths IN amount of capital stock, represented
s d general meeting of the stockholders
Cdlled Tor that purpose, after giving not;co
.ne g as provided in Article VII of this act,
aIIl, IN case OF dissolution, at least a ma,
Jorlty of the entire stock must he nrsser,. A a
represented at such meeting, and the stocI
hoiders at such meeting shall elect tvvo Il
quIudtihg commissioners who shall have entire
seii I'd o. d Sucn liquidation, with authority to
sen ana dispose OF the assets of the CORPORA.
number. III thelI
The subscribers hereto have respectively
"Iltten opposite their names the amount NJ
stock IN this corporation subscribed for bv
eaeh OF them, so that this act of incornora.
tion may also serve as the original subscrin-
ton list of this corporation.
article x. Until the regular election on the
hrst Monday in January, 1915, the following
shall constitute the Board of Directors: las
MIN Feitel, Rosa Feitel and BENJAMIN F.
teitel, with Jasnin Feitel, as President; Ben
Iamin F: Feitel, as Vice President Secretary;
Rosa Feitel, as Treasurer.
Article ri. In case of a vacancy on the
Board OF Directors among the officers from
any cause, the vacancy shall be filed at
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,