The herald. [volume] (New Orleans, La.) 1905-1953, 1915-01-07


| s,itute a corporation and body polite in law |
for the objects and purposes mad under the |
conditions and agreements following, to-wit. /
Article The name and title OF this cor |
poration shall be Gulf States Warehouse Com |
pauy, Inc, and under ITS said corporate |
name II shall have power and authority TO |
have and ENJOY corporate existence and success
sion for the tull term and period OF ninety /
nine t|g) years from and after the date here
Of; and it shall have all the powers aDd immu
! mites conferred by law on similar corporations
including the power to contract. sue and be |
sued 10 make and use corporate seal, and
the same TO break and alter at pleasure, 10 |
hold. receive, lease, purchase and convey. as |
we'll mortgage and hypOihcCatc property, |
real personal and mixed corporal and IN. |
| CurpOTedl. 10 borrow money and 10 make and
issue bonds, notes, and other evidences OF |
| debt. and to secure same by mortgage, pledge, |
| or otherwise, to name and appoint such man |
ayers. agents, directors and officers as Its |
business interests and convenience may re. |
qurr, and to make and establish. well as |
! alter and amend abolish from time 20 !
time, such bylaws, rules and regulations for |
| the proper government Of the affairs Of SAID
! corporation may be necessary or proper. |
| Article 1.-The doWlCllc % SAID corpora |
! tIou shall be IN the city OF New Orleans, state
! Of Louisiana. and all citations or other legal
! process shall he served upon the President OF
| said corporation. or in the event Of his ab.
| scncc, upon the Vice. President thereof, and
| m the absence Of both q said officers, upon
! the Secretary Treasurer Of said corporation.
! Article llI.-Ihe objects and purposes Tor
which this corporation Is established and the
| general nature and character Of the business
| 20 be cared on by II Is hereby declared 10
maintain, operate. and conduct public ware
houses Of every kind and character, for the
storage Of goods wares, and merchandise Of
| all kinds; TO issue negotiable and non-neg9u-
able warehouse receipts Of all kinds; to do a
general public warchOuS" business M all Of us
various branches, and Tor any 81 the above
stated purposes TO purchase, lease, hold, own
sell, OF rent property, both movable and i'm.
movable and geuaTally to DO all things CON
urcred with, growing out Of, or incidental or
pertinent 20 such public warehouse business
Article lk.-Ihe authorized capital stock Of
this corporation Is hereby nxed at the sum Of
ter thousand tSI0,OUuO dollars, divided into
| and represented by one hundred t.Ol shares
! Of the par value OF one hundred $4,000 dol
lars each. The capital stock OF this cor
pDratlou may be increased 20 the sum oi
twenty-five thousand CS2S,mnW dollars. SAID
stock shall bee paid for IN cash or IN such m
! StsllUtUtS, and at such time, and alter srCh
| notice 10 subscribers as the board OF dircC.
tors may TX, or same may be issued al not
less than par for labor done or services rem
| dcrei for said corporation, or Tor property or
, | rights actually received by said corporation.
All shares Of stock shall be full paid and
! non-asScss4hle and all certificates Of stock
shall be signed by the president and SecTc'
tarV Of said corporation. The corporation
} shall be going concern IS soon a. SIX thou
sand lH.O1CuW dollars OF capital stock has
= been subscribed and paid Tor.
All transfers Of the capital stock OF this
| corporation shall be made and entered upon
J. the stock book OF the corporation and no trans
| fr-s shall be IN any manner binding upor
a this corporation unless and until so entered
= No sale OF stock Of this corporation shall be
! valid unless first offered in writing tor
9 period Of fifteen Us, days 70 the Stockhoid
| rrS through the board Of directors. | pom th'
y failure OF the stockholders 10 avail themsclve'
q Of such purchase, notation Of the tact sha!
| be made BY the president upon such stool
certificate or certificates Of It's or their HAVING
, | previously been rendered IN accordance here
with. and thereafter said stock may be sol'
r without further restriction. Succeeding pur
chascrS thereof shall, however, be required
p 70 offer the same 20 the stockholders Tor tn
a term designated before dIsposing Of same
and all stock acquired IN this corporation
II shall be subject TO the provisions OF this chaT
, ter.
- Article V.-All the corporate powers Of thi
D. corporation shall be vested in and exercise
i, by board Of directors composed OF three 9
stockholders, majority OF whom snail con
S,itute a quorum for the transaction OF al
| business, and a majority OF those pTesen
shall decide all questions.
Said directors shall be elected at genera
y meeting OF the stockholders Of this corpora
ar ton. to be held the first Monday IN tet
ruary Of each year, unless said day shan D
m a legal holiday in which event said electio
10 shall be held on the next succeeding bushes
10 dav Notice of said election shall be give
Ia TO each stockholder in writing enclosed IN
;. postpaid wrapper deposited in the post ofhC
Is AZ New Orleans az least fifteen tSl days b'
ot fore the date Of said meeting and addresse
- to the last address furnished to the compan
n by said stakeholder, and in the event no a,
, dress be furnished then addressed simpl
~ New Orleans, La"
* The board of directors shall at its first NEE
a ing on the first Monday in February, l9l
o and annually thereafter, elect from amor
81 its number president, vIee'presldent, and
among the directors OF this corporation |
death, resignation, or otherwise, shall
hlled by election for the aneNpired term
rk the remaining directors from among the sioc
| holders this corporation.
ru The first election OF directors shall be he
ne at the annual meeting Of the stockholders
the first Monday IN February, 1915, UNI
m which time until their successors sh;
!. have been elected and duly qualified, {
ie' following stockholders shall constitute {
M first board of directors: William J. Ling
sSS Walnut St. New Orleans, La. George
or Mason. I470 Arabels St. New Orleans, l.;
NJ. Edward Wood. 500 Pitt St, New Orleans, l.
er dent, the said George F. Mason as vice-pre'
-, dent and the said Edward Wood as secretar
nt treasurer.
The failure from any cause to elect Office
Tor directors the day stipulated shall r
dissolve this corporation, but the officers a
81 directors then in Office shall hold over un
Vi their successors shall have been elected a
,se qualified.
Al all elections and meetings of stockhol
re. ers Of this corporation, each stockholder sh
81 | he entitled TO one Cd vote for each share
GU stock owned by him and registered in J
ng name, and may vote in person or by writ
proxy. and except as provided by law, II
iorty of votes cast shall decide all question
All elections shall be by ballot and shall
held under such rules and regulations as
nd board OF directors may adopt. The tenure
=, all employees OF the corporation shall be d
hh ing the pleasure OF the board OF directors.
Ter Article NI.-This act of incorporation m
be changed modified altered, or amended,
mt the capital stock increased or decreased
L. | and with the consent of the holders OF ~
ny thirds C2.0 of all the stock. A change IN
objects and purposes may be made only
vote of the holders of all the stock there
fore issued and increase OF the capl
stock in excess of the amount orlgIna
M named herein as the sum to which the G
ital may be increased, may be made by "
ma OF the holders of three fourths go OF all
outstanding stock.
dayI This corporation may be dissolved by
Our vote of two.thirds (2-5) of all the stockho
our ers at a meeting called for that purpose
tied accordance with law.
hir- Notice of all meetings referred to IN I
!. a article shall be given in the same manner
,ali provided for notices of elections IN Article
! of of this charter, but any and all notices
-nce every character may pc Waved SNCeP' VII
der. expressly prohibited by law.
sew. In case of dissolution or termination
der this charter either by limitation or OIL
ma wise. its affairs shall be hquidated by
ared (2l liquidators elected by the stockholc
ions at general meeting held as hereinabove
the | yided for. Said two (2l commissioners s.
can. | remain in Office until the affairs OF the
shall have been fully liQulda