The herald., 1915-12-09
CHAR
OF WABASH WAREHOUSE. INCORPO.
RATED.

OF WABASH WAREHOUSE. INCORPO.
RATED.
/. United States Of America, State OF Louisian
( Parish OF Orleans.
BE it known that on this 10Th dav of Nh
month OF October, in the year Of our Lor,
one thousand nine hundred and fifteen befor
me, Philip GenSler j., notary public, dul
commissioned and qualified in and for III
parish Of Orleans, State OF Louisiana, therei
residing and in the presence OF the witnesse
hereinafter named and undersigned, person
ally came and appeared the several person
whose names are hcreuntO subscribed, VIII
severdlly declared that avaiing themselves q
the laws OF the State Of Louisiana in sucl
cases made and provided and more partIcu
Larry Of Act 20 OF the General Assembly o
the State OF Louisiana OF 1914 relating 70 tn
4 creation, organization and formation Of cor
porauonS, they have covcnanted and agree,
and by these presents covenant and agree an,
/ pIud themselves, as well as all such other per
, sons as may hereafter become associated witt
them, 10 form corporation for the object!
and purposes under the articles and stpula
tons following, tO-wit:
Article The name and title Of this cor
pOratIuu shall be Wabash Warehouse Incor
porated, and under its corporate name it shall
have power and authority to have and t1
ENJOY corporate existence for period Of nine.
ty-mne 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, 10 hold, receive,
lease, purchase, transfer, assign, convey, mort
gage, hypOtheCdtc, pledge or otherwise receive
or dispose Ct property real, personal or mixed,
CUrporcdl and InCOrpurcal To issue bonds aud
II 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
ton; 10 name, elect and appoint such mana
gers, agents, directors officers as its bust
ness interests may require, and to make and
establish, alter and amend its by laws. rules
and regulations for its proper government as
may he deemed necessary and proper, and
generally to do any and all things incident
to or necessary and proper for the extension
81 the business in which the corporation is
engaged.
Article II-This cooperation shall be do
micIled 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
ms absence, upon the secretary or treasurer.
Article III.-The objects and purposes fer
which tins corporation Is created and the ma
ture OF the business to he carried on bv IT,
are declared TO be as follows: 10 conduct a
warehouse business; to receive, store, re-
move, pack, hold or otherwise deal with or
handle articles, as warehousemen; to keep
and maintain storage and deposit depart
ments tor such purposes; to lease, own and
operate a warehouse or warehouses; to issue
warehouse receipts, negotiable or non-nego-
TABLE, covering property stored; TO mortgage
er pledge property real or personal, for the
purposes Of its business and in general TO
carry on the business of public warehouse
man and to do everything necessary and prep
er and incidental thereto
Article IV-The capital stock of this cor
DoratOn is hereby fixed at the sum of SlO- /
5000 and shall be divided into and represent /
ID 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
,oard 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
qulvdlent as provided by law, and all of
aid Sl0OO0O0 of capital stock has in fact
cen subscribed for at the time of the passing
this act of Incorporation. and is to be paid
Or IN cash or its equivalent as in accordance
nth the laws of the state of Louisiana, a de-
cription and value of the property given in
xchange for the stock being hereto attached
$ in accordance with the provisions of Act
81 of the session of the General Assembly of
ouisiana for the year 1914.
Article V.-The capital stock of this cor
$4,000 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 books of the
and subject to such regulations
nd formalities as may be by the board of
Irectors from time to time prescribed No
ockholder shall be permitted to sell or
herwise dispose of his stock without first
Herring 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 hrst right to purchase all the share.
stock to be thus disposed of by sale, death,
signation otherwise of any of the stock | ,
)lders and shall have a period of ten days !
which to accept or decline said offer. Should ,
e board of directors or the stockholders de- :
inc to purchase said stock, then the stockhold- ,
Tor stockholders) who made the offer to sell :
otherwise dispose of the stock, may do I,
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 /
stakeholder shall make sale or transfer
s stock in violation thereof, and such sale
transfer, il made, shall be void, and this
mpany shall be under no obligation TO list .
id stock on it. books or to regard the holder
the certificate thereof.
Article Vll.-Thc corporate powers Of this
rporation shall be vested in and exercised
board of directors composed of three ,
two of whom shall constitute
Drum for the transaction of business. The s
rectOrS OF TINS corporation may vote IN per-
n or by proxy at any of the meetings of
2 board of directors, and the board of d. /
,tors may delegate any of its powers to any
icer or officers or other representative of
: company by appropriate resolution to that r
ect. The first board of directors of this
-po, alton shall be composed of Sam Israel,
f. Becknell and J. f. Moragas, each of :,
W Orleans, Louisiana, who shall serve
til the second Tuesday in January, 1917,
until their successors are elected and quail
ID. The directors shall be elected annually <
the stockholders at a meeting held on n
second Tuesday in January in each year
er date hereof. Notice of said meeting u
Ill be given ten days prior to the date Of h
meeting in writing sent to each of the :.
ckholders at his last known place of resi- II
Ice. The board Of directors may change Is
date of said annual meeting to any other T
e in January by written notice to that =
ect sent at least ten days before the date
which said annual meeting has been
nged, directed TO each stakeholder at his
t known place of residence. Each stock
der shall at such annual meeting or other
citing, general or special, be entitled in n
son or by proxy to one vote for every
re of stock owned. The elections shall be
under such rules and regulations as may
from time to time determined by the board :,
directors.
he directors when elected shall hold Office
one wear or until their successors shall