The herald. [volume] (New Orleans, La.) 1905-1953, 1915-01-14

| sion Tor the iull term and period II ninety
! Hi"e w years from and after the date here
"i' and u sinai lhayc all the powers and Imwu-
mites conferred by law on similar el~Illrs-,rr-
including the power TO contract. sue and be-,
sued; to make and use corporate seal and
The same TO break and alter at pleasure. a.
hnll, receive, lease, purchase and convey. as
well a. mortgage and hyp0thcga'c prpp,rty
real, personal, and mixed. C1rparcJl and in
l''pp'cai; To borrow money and 20 make and
issue bonds, notes, and other evidences az
dtbi and ~ secure same by mortgage. pledge
or Otherwise; 10 name and appoint such man
ayers, agents, directors and officers rs ~.
business interests and convenience may re-
4uit, ana 10 make and establish as well as
aIJer and amend or abolish from time 10
TINE. such bylaws, rules and regulations for
me proper government Of the affairs of said
corporation as may be necessary or proper
Article 1.-The domicile OF SAID ,orplr7-
non shall be IN the city Of New Orleans. STATE.
Of Louisiana, and all citations or other lcgal
process shall be served upon the President Of
SAID corporation, or IN the event Of his alb
scnce, upon the Vice President thereof. and
IN the absence Of both OF SAID Officers upon
he Secretary Treasurer Of said corporation.
Ariicle III.-Ihe objects and purposes Tor
which tins corporation IS established and the
general nature and character OF thc business,
20 be CARED on by It Is hereby declared 10
De; 10 purchase, own, rent, lease. manage
maintain, operate, and conduct rygIi- We
houses Of every kind and character. for the
storage oi goods, wares, and merchandise Of
al kinds; to issue negotiable and u0u-ucg1tI-
able warehouse receipts Of all kinds: 20 do a
general public warehouse business IN all of lis
various branches, and for any Of the above
stated purposes to purchase, lease, hold. own
sell, or rent property, both movable and i'm
movable, and geuardlly 10 do all things con-
hcCtti with, growing out Of, or Incidental OF
pertinent To such public warehouse business.
Article lN.-Ihe authorized capital stock OF
TINS corporation Is hereby uNci AZ the sum Of
zen thousand i$.9"y"") dollars divided into
and represented by one hundred GnUJ shares
Of the par value OF one hundred tSlO.Un dol
lars each. The capital stock of tins cor
poration may lee increased 10 the sum OF
twenty yc thousand lS15.0U0OU) dollars. Said
stock shall be paid for IN cash or IN such in
stallments, and at such time. and after such
notice TO subscribers as the board OF lircc-
tors may INK, or same may be issued at not
less than par for labor done or services rem
defcd for SAID corporation, or for property or
rights actually received by said corporation
All shares OF stock shall be full paid and
worcestershire and all certificates OF stock
snail be signed by the president and secre-
tary OF SAID corporation. The corporation
shall be going concern as soon as six thou
sand tS6,uUUoD dollars OF capital stock has
been subscribed and paid for.
All transfers OF the capital stock Of this
corporation shall be made and entered upon
the stock book OF the corporation and no trans
ferS ShaIl be IN any manner binding upon
ms corporation unless and until so entered
No sale OF stock OF this corporation shall be
valid unless urst offered in writing for a
period of fifteen G5D DAYS to the stockhold-
failure OF the stockholders to avail themselves
OF such purchase, notation of the fact shall
be made by the president upon such stock
CeruuCaie or certificates Of its or their having
previously been rendered in accordance here
with. and thereafter said stock may be sold
without further restriction. Succeeding prr-
chaserS thereof, shall, however be required
10 offer the same 10 the stockholders for the
term designated before disposiug Of same.
and all stock acquired in this corporation
shall be subject TO the Provisions Of this char
ter.
Article N.--All the corporate powers Of this
corporation shall be vested IN and exercised
by board OF directors composed Of three 90
stockholders, a majority OF whom shall con-
stitute a quorum for the transaction Of all
business, and a majority OF those present
shall decide all questions.
said directors shall be elected at a general
meeting OF the stockholders of this corpora
ton, to be held on the first Monday in Feb
ru!ry OF each year, unless said day shall be
legal holiday in which event said election
shall be held on the next succeeding business
day. Notice OF said election shall be given
70 each stOckholder in writing enclosed in
postpaid wrapper deposited in the post Office
fore the date Of said meeting and addressed
to the last address furnished to the company
by said stakeholder, and in the event no adj.
dress be, furnished then addressed simply
New Orleans, La"
The board of directors shall at its first meet.
ing on the FIRST Monday in February, 1915
and annually thereafter, elect from among
ITS number a president, vice-p president. and a
Secretary-treasurer. Any vacancy occurring
among the directors of this corporation by
death, resignation, otherwise, shall be
nlled by election for the unexpired term by
the remaining directors from among the stock.
holders OF this corporation.
The first election of directors shall be held
at the annual meeting of the stockholders on
the FIRST Monday in February, 1915, until
which time or until their successors shall
a hoes oil tod I,,1,-
following stockholders shall constitute the
hrst board OF directors: William ]. LEngle
$50 Walnut St, New Orleans, La; George F.
Mason, 1870 Arabella St, New Orleans. La:
Edward Wood. 5000 Pitt St, New Orleans. La
with the said William J. L'Engle as pres. |
dent, the said George +. Mason as vice pres.
dent. and the said Edward Wood as secretary
treasurer.
The failure from any cause to elect officers
or directors on the day stipulated shall not I
dissolve this corporation, but the officers and /
directors then in Office shall hold over until |
their successors shall have been elected and |
qualified
At all elections and meetings of stockhold- |
ers OF this corporation, each stakeholder shall |
be entitled to one % vote for each share of
stock owned by him and registered in his |
name. and may vote in person or by written i
proxy, and except as provided by law, a ma
lority OF votes cast shall decide all questions |
All elections shall be by ballot and shall be |
held under such rules and regulations as the
board OF directors may adopt. The tenure of |
all employees of the corporation shall be dur
ing the pleasure of the board of directors.
Article VI-This act of incorporation may
De changed, modified, altered, OF amended, or
the capital stock increased or decreased by
and with the consent of the holders of two
thirds (2-3) of all the stock A change in the
objects and purposes may be made only by
! vote Of the holders of all the stock thereto
lore issued and increase of the capital
stock in excess of the amount originally
named herein as the sum TO which the cap
tai may be increased, may be made by vote
If the holders OF three -fourths go Of all the
stock.
This corporation may be dissolved by a
vote OF two-thirds (2-3) of all the stockhold-
srs at a meeting called for that purpose in
with law.
Notice OF all meetings referred to in this
article shall be given in the same manner as
provided for notices OF elections in Article V
IF this charter, but any and all notices of
very character may be waived, except where
expressly prohibited by law.
In case of dissolution or termination of
his charter, either by limitation or other
wise, its affairs shall be liquidated by two
~ liquidators elected by the stockholders
at general meeting held as hereinabove pro-
sided for. Said two (2) commissioners shall |
remain in office until the affairs of the cor
poration shall have been fully liquidated /
and in case of death, resignation, incapacity |
Or the refusal TO act of one more OF said /
liquidators, the survivor shall continue to i