The herald., 1915-12-23

stock corporation for the objects and pur-
poses and under the covenants, stipulations
and agreements following. to-wit:
Article The name and title OF this cor
poration shall be: Universal Folding Crate
Company, Inc" and under and by said name,
unless sooner dissolved in accordance with
law and this charter, II shall exist and con
tinue. and shall have and enjoy corporate
existence and succession for period Of
ninety-nine (99) years from and after the
date OF this act. Ii may have, hold, receive,
borrow, loan, exchange, acquire by grant,
gilt or purchase, devise or bequeSt, sell, alien
ate, dispose OF, convey, lease, pledge, pawn,
hypothecate, cucumber or mortgage property
OF any kind whether real, personal or mixed,
curpOreal or inCOrpOreal, movable or iumova-
BILE. all subject TO such limitations may
, be prescribed by law. 1t may make, issue
and endorse bonds notes and other evil
denceS OF debt. II may accept mortgages,
pledges other forms OF security Tor money
/ loaned or other debts. 1t may contract, sue
/ and be sued, plead OF be imp!eaded by its
I corporate name in any court OF competent
jurisdiction. 1t may make, adopt and
4 common seal and alter the same at pleasure.
1t may hold stock in other corporations, and
+ its capital stock may be issued TOR capital
stock in other corporations. II may name,
! appoint and employ such managers, dlTec-
/ tors, officers, agents and other employees as
| its said business and convenience may re-
! quire, and may tx their compensation, hav-
ing due regard to the nature, character and
! value Of their services. Il may make and
CStdbllSl bylaws, TuiCS ana regulations NOT
inconsistent with this charter or any exist
ing law, fixing altering the management
Of its property, the regulation and govern
ment OF its affairs, and the manner OF the
CertIhCatIou and registration Of ITS stock. 1t
may wind up and dissolve itself, be wound
ND and dissolved in the manner prescribed
by law. II may conduct business IN this
state, other states. the Federal districts, the
| territories and possessions OF the United
| States, and any foreign country. 1t shall have
the power 10 invest its board of directors with
all Il its corporate powers, subject TO such
| restrictions as may be named IN this char
ter And II generally shall possess all the
powers, rights, privileges and mmunities
which corporations and may hereafter be
authorized TO possess under the constitution
and laws Of this state, and particularly under
Act No POI of the Acts of the General As
sembly OF the State Of Louisiana for the year
! 1914.
Article 1.-THE domicie of this corpora
ton shall be AT the city of New Orleans,
parish OF Orleans, State OF Louisiana, and
all citations or other legal process shall be
served upon its president, or in the event OF
his absence upon ITS vice-President, or IN
the event OF the absence of both Of said OFF,
GERS upon its secretary-treasurer.
Article III.-Ihe purpose or purposes for
which this corporation IS formed and the ma
ture of the business TO be carried on by 1t
are hereby declared TO be- To apply for, &c
quire buy, hold, sell, assign, lease, pledge
mortgage or otherwise dispose Of letters pat
ent OF the United States of any foreign
country, and all or any rights territorial or
otherwise, Hereunder; to apply for, acquire,
buy, hold, sell, lease, mortgage, assign or
otherwise dispose of patent rights. licenses,
privileges, inventions, trade marks, trade
names and pending applications therefor, re-
lating to or useful in connection with any
. business of the corporation; TO use, manu-
facture grant licenses under any letters
patent owned controlled by the company
to appoint agents with exclusive territory Tor
the manufacture sale, or both, of the nm
. ished article manufactured under such pat
ents; TO acquire by purchase, lease, exchange
or otherwise deal in real estate, timber tim
= bered lands; to cut and manufacture the same
= and to that end. to build, equip, operate and
maintain sawmills, veneer mills, any other
plants for the manufacture of lumber into
= boxes, crates, barrels, any other articles
commonly manufactured from such material ;
| TO generally deal IN all commodities OF trade
of any nature and kind whatsoever; to carry
on any other business which under the law
il may be entitled to carry on, which may
seem to the corporation to be calculated, d.
!, rectly or indirectly, to ettectuate the atore'
, said objects or either of them or to facilitate
r it in the transaction of its aforesaid business
or businesses or any part thereof; 10 buy and
+. sell stocks and bonds, or other securities OF
evidences of indebtedness, property rights
e business, good will, franchises and assets OF
every kind of any firm, association, indi
S vidual or corporation, foreign, domestic OF
municipal and to lend money and accept
{ mortgages as security for debt, or otherwise
{ acquire and hold the same.
d Article IV.-The authorized capital STOCK
8 of this corporation is hereby declared to be
= the sum OF twenty thousand dollars CS2O
e OOOOO), which capital stock is 10 be divided
}, into and represented by two hundred GOO
j shares of common stock of the par value Of
j one hundred dollars $4,000 each, but this
i corporation shall have the power TO create
two or more kinds Of stock OF such classes
= with such designations, preference and votinl
i powers or restrictions qualifications Thereof
e as it may see fit Said capital stock shall b,
d fully paid and worcestershire when issued
d and shall be represented by certificates anC
/. shall be personal property No transfer o
5, said capital stock shall be binding upon TIM
/; corporation unless made in accordance will
y its charter and bylaws and recorded on tn
Il books thereof. As authorized by Section
/; (cl of Act 267 of 1914, his corporation shall
T. have the right to commence business whei
y fifty per cent (SOTo) of the amount OF 1t
capital stock is subscribed and fifty per cen
r (50Go) of the amount of the stock so sub
l. scribed is actually paid for in cash.
10 Article V.-The business of this corpora
ton shall be managed and all the corpor
W ate powers, thereof, except as hereinafi :,
ID board of not less than three () nor NOR
e. than seven Cd directors, TO be elected fror
s among its stockholders, and a majority Q
lie the directors at any time IN ONCE crime
present in person or represented by proxy
S. Shall constitute a quorum, provided that s
r. long as there are less than five directors tn
full board only, either present IN person 0
b. represented by proxy, SNAIL CoHs''u'e d NV
s, rum. =.
Of Article VI-The first board of directors g
re this corporation shall be composed OF thre
r. (3 persons: E. A. Pharr, whose post ofhc
IN address is Morgan City, louisiana; c ;
ID Williams, whose post office address IS Pa'
terson, Louisiana; and R. c. Milling who's
post Office address is No. 97 whitney, Ger
trail Bank Building, New Orleans, Louisiana
with f. A, Pharr as president; c. S. Wi
n liams, vice resident, and r. c. Milling, SCI
retary-treasurer Said board of directors sha
- serve until the first meeting Of stockhoidei
for the election of directors, or until the
f successors are elected and qualified, and sai
board of directors shall have the power
"a. increase the membership Of said board
,s any time to a number not exceeding seve
OF az and shall have the right to elect tro
ur the stockholders of this corporation SAID az
N. ditional directors.
&c Article VII-On the first Monday in Jar
n, uary, 1916, and annually thereafter on II
w first Monday in January in each year,
r. meeting of the stockholders of this corporate
of shall be held at its domicile for the purpo'
g. of electing directors for the ensuing yea
"A and at such meetings the stockholders sha
al have the right of cumulative voting IN u
a election of directors and shall have the rig
M of electng the number of directors then
he Office, and il there be not as many as sevt
nd directors then in Office, shall have the rig
M. of electing additional directors SO long
.Iv the full number of directors elected does n
.ts exceed seven. A failure from any eau
oF whatsoever to hold the annual meeting
ed stockholders or the failure to elect directo