The herald., 1914-09-17
CHARTER


I
Parish o' Orleans, City of New Ol~ar-.
BE 10 known, that ON thiS eleventh day uf
.r' month nt ~rlfrr.Hbr. IN the wear OF u.,r
Lord, one thousand nine hundred ard irur-
ard of me independence ,i the United
States OF America the one hundred and thIrr.-
ninth. before ;ur, Watt, h. Lcvorlch, a rr-
taTy public, daily commissioned aud qualified.
tl .,I Toy the CITY 81 New Orleans. aud the
parish OF Orleans, therein residing, and an
rEe presence % the witnesses hereinafter
named and undersigned, personally came and
appeared the several person, whose names are
hercuuiu subscribed, who declared that avail
ing themselves Of the provisions OF the ger
crIl laws of this state relative 90 the orEaul-
zatlUU OF corporations, they have CpvCuantcd
aud agreed 60 do by these presents covenant
and agree, bind, form and constitute them
selves is we'll as such persons as may here
after join or become associated with them.
into a corporation and body pnllu, in Law
for the objects and purposes and under the
agreements and supulatIJns following, to-WiI-
Article The name Of tins corporation
shall be the Star Warehouse Company, Inc,
under which name II shall exist tor a period
90 ulucty-ninc C"D years from the date OF
ihI, act. and shall have and enjoy all the
power and authority conferred by the constI-
tuition and laws of the state Uf Louisiana upon
corporation, formed for the purpose Of engag-
ing IN the business hereinafter stated, a. well
"a, the power 20 purchase, sell, mortgage and
pledge property, movable and IwwuvaD!e, for
the purpose and requirements OF their bust
ness.
Article 1.-The douicilc Of tins corpora
ton shall bc IN the city OF New Orleans, par
,,h OF Orleans. state OF louisiana All CItd-
tons and other legal p-oC,-s and notices shall
hc served ON the president OF the company,
and IN his absence on the yicc-pre>Ident, or
on the secretary and treasurer.
Article III.-lhc capital stock Of this COM
pany shall be tive thousand tS5D0UOD dol
lars. divided into fifty tSJ) shares OF the par
value of one hundred $1,000 dollars each,
and TO be fully paid for m cash OF It's equI-
valeut in property. (Scc exhibit attached.
The certificate, of shares OF stock shall uc
signed by the president and by the secretary
and treasurer, or IN the absence OF inability
to act OF the president. by the vicc-prcSidenJ
and secretary and treasurer. OF IN the abb
SCuCe or inability 10 act OF the secretary and
treasurer by some one designated in his place
by the board of directors. Said stock shall
be transferable only on the books Of the COM
pauy, and on the surrender due proof ot
loss Of the original certificate. The capital
stock may be increased to one hundred thou
sand tSlO0Cp1nO dollars
Article I\.-Ihc purposes ot the corporation
and the nature Of the business intended to
be carried on by it are declared to be: to par
chase. lease, own and operate cotton presses
and CumprcSScS; to compress and store cotton
and other merchandise; to carry on the huSl-
ness OF public warchOuScmau and issue ne
gotIablc warehouse receipts, and for any OF
the above stated purposes to purchase or lease
and hold. own or sell or rent property both
movable and imm0vablc, and generally to do
all thIug$ that may he required IN or CON
vcnIent for accomplishing the purposes here
IuahovC set forth. and to make all contracts
requisite or eNpcdicut to the accomplishment
Of any OF said purposes
Article N-Au powers of this corporation
shall be vested IN and exercised by board
Of not less than three nor more than seven
directors. each OF whom shall own at least
ore share OF the capital stock OF this company.
The said directors shall be elected by ballot
at an annual meeting OF the shareholders, I'm
der the supervision OF two commissioners ap-
pointed 10y the board Of directors, which meet
ing shall be held on the second Wednesday in
September OF each year, after due notice
given to the stockholders by the secretary by
mail at least fifteen days prior to the date of
such election. At all meetings Of the share
holders, each shareholder shall be entitled to
cast one vote in person or by proxy on each
share of stock held by him, but person
shall vote any stock transferred within zen
days prior to the holding of such meeting.
At any meeting Of the board OF directors, any
director absent from said meeting may be
represented by another director who may cast
the vote of said absent director according to
the written instruction OF said absent director.
The board OF directors shall have the power
by two-thrdS vote Of all the directors to
sell, lease, mortgage or pledge any and all
of the property, movable and ImmOvable, be
longing to the corporation without referring
10 the shareholders for power to do so, and
they may also purchase for cash credit,
property of any kind required for any Of the
purposes OF this company without authority
from the shareholders. The board OF dlrec-
tors have power to issue or to confer general
or special power on the president to issue
pronisSory notes and other negotiable paper.
Until the next general meeting TO be held
under this charter, viz: on the second We'd
nesday Of September, 1915, the board Of dl-
rectorS Of this company shall be composed
of |. NJ. LChtcnstcin, post Othce address 4LlI
st. Charles avenue, New Orleans, La; NJ. l..
Boudcn, post oflcc address 70C4 ST. Charles
avenue. New Orleans, La; :. w. Lichtcn-
stein. post Office address 2056 Palmer avenue,
New Orleans, La; with ]. VI. Lichteusteln
as president, NJ l.. Boudcn ylCc-presldent,
and :. ". LIChtcnsteIn as secretary and trca-
surerc. In case OF any vacancy either IN the
above named board OF directors or IN any
other, the remaining members shall have the
power to fill the vacancies; and all directors
and officers OF the company shall remain IN
office until their successors are elected and
qualified. Failure to hold the annual meet
ing shall not dissolve the corporation, but
the meeting shall he held as posSl-
bic after the regular date.
Article NI.-This act of Incorporation may
be changed, modified or altered, or this cor
poration may be dissolved with the assent OF
two.thrdS OF the stock present or represented
at a meeting convened for that purpose ten
days after due advertisement in one OF the
daily newspapers Of this city, and after writ
ten notice mailed OF each stoCkhOldeT at his
| last known post office address.
Article NII.-No stockholder shall ever be
| held liable or responsible for the contracts
| or faults of said corporation III any further
sum than the unpaid balance due on the
| shares of stock owned by him; nor shall any
| mere informality in organization have the
effect OF rendering this charter null or eN.
| posing a stakeholder to any liability beyond
| the amount OF his unpaid stock; nor shall ary
| informality or irregularity IN organization