The herald. [volume] (New Orleans, La.) 1905-1953, 1915-11-25
CHAR
OF WABASH WAREHOUSE, INCORPO.
RATED

United States of America, State of Louisiana,
Parish OF Orleans.
BE it known that on this 10Th dav OF the
month Of October, in the year of our Lord,
one thousand nine hundred and fifteen, before
me, Philip Gensler, Jr., notary public, duly
commissioned and qualified in and for the
parish OF Orleans, State OF Louisiana, therein
residing and in the presence Of the witnesses
hereinafter named and undersigned, person
ally came and appeared the several persons
whose names are hereunto subscribed who
Severally declared that availing themselves of
the laws of the State of Louisiana in such
cases made and provided and more particu-
larly of Act 267 OF the General Assembly of
the State of Louisiana of 1914, relating 10 the
creation, organization and formation of cor
porations, they have coyenanted and agreed
and by these presents covenant and agree and
bind themselves, as well as all such other per
sons may hereafter become associated with
them, to form a corporation for the objects
and purposes under the articles and stipula-
tons following, to-wit:
Article 1.-The name and title of this cor.
pOraton shall be Wabash Warehouse, Incor-
porated, and under its corporate name il shall
have power and authority TO have and to
enjoy corporate existence for period of nine.
ty-nine years from date hereof; unless sooner
dissolved by liquidation or otherwise; shall
have power to contract to sue and be sued;
TO make and use a corporate seal and to alter
and break same at pleasure, to hold, receive,
tease, purchase, transfer, assign, convey, mort
gage, hypothecate, pledge or otherwise receive
or dispose of property real, personal or mixed,
corporeal and incorporeal. To issue bonds and
If desired secure the same by mortgage, buy
and hold stock in other companies incident
to the objects and purposes or to the expan-
sion of the business interests of the corpora.
tion; to name, elect and appoint such mana
gers, agents, directors or officers as its BUSH
ness interests may require, and TO make and
establish, alter and amend its by laws, rules
fAr emit
may be deemed necessary and proper, and
generally to do any and all things incident
to or necessary and proper for the extension
Of the business in which the corporation is
engaged.
Article u.-This corporation shall be do
micled at the city of New Orleans in the
State of Louisiana, and all citation or other
legal process shall be served upon the presi- |
dent Of the corporation and in the event of
his absence, upon the secretary or treasurer.
Article III-The objects and purposes fer
which this corporation is created and the ma |
ture of the business 10 be carried on by it, /
are declared TO be as follows: TO conduct a
warehouse business; to receive, store, re- /
move, pack, hold or otherwise deal with or
handle articles, as warehouscmen; to keep |
and maintain storage and deposit depart.
nents for such purposes; TO lease, own and !
operate a warehouse or warehouses; to issue I
warehouse receipts, negotiable or non-nego- !
liable, covering property stored; to mortgage /
property
purposes Of its business and IN general TO |
AIRY on the business Of public warehouse
nan and to do everything necessary and prop |
r and incidental thereto.
Article IV-The capital stock Of this cor
,oration is hereby fixed at the of Sl0,-
20 90 and shall be divided into and represent
a by one hundred shares Of the par value OF
10000 each. Said stock shall be paid for IN
ash or its equivalent as provided by law and
n such manner and at such time and in such
nstallments as may be prescribed by the
BOARD Of directors.
This corporation shall become a going con.
ern and shall be authorized to commence bus
ness as soon as $4,000 Of its capital stock
hall have been paid for either in cash or its
Equivalent as provided by law, and all OF
aid 100000 Of capital stock has in fact
,een subscribed for at the time OF the passing
f this act Of incorporation, and is to be paid
or in cash or its equivalent as in accordance
With the laws Of the state Of Louisiana, a de
cription and value of the property given in
xchange for the stock being hereto attached
5 in accordance with the provisions Of Act
81 of the session of the General Assembly OF
.ousana for the year 1914
Article V.-The capital stock OF this cor
Grafton may be increased TO the sum Of
q, 10000 by a vote Of two-thirds of all Of the
took at a special meeting called for that
urpose or at regular annual meeting of the
operation.
Article VI-The stock of this corporation
an be transferred only on the DOCKS OF the
orporation and subject to such regulations
nd formaities as may be by the board Of !
irectors from time to time prescribed. No
.ockholder shall be permitted to sell or Z
herwise dispose of his stock without first {
Fering the same in writing TO the other
ockholders, through the board of directors
a price not exceeding the book value there
: and said stockholders shall have an op- !
on and first right TO purchase all the shares
stock to be thus disposed Of by sale, death, !
,signation or otherwise Of any of the stock !
olders and shall have a period Of ten days r
which 10 accept or decline said offer. Should
le board Of directors or the stockholders de-
inc to purchase said stock, then the stockhold-
Tor stockholders who made the offer to sell A.,
otherwise dispose Of the stock, may do
, in any manner and at any price he may .
e fit; but each share of stock is issued here
| upon the condition and understanding that .
D stakeholder shall make a sale or transfer !
IS stock in violation thereof, and such sale 9
transfer, if made, shall be void, and this
,mpany shall be under no Obligation to list
i'd stock on il. books or to regard the holder +,
the certificate thereof.
Article VII.-The corporate powers Of this
shall be vested in and exercised =