The herald., 1915-07-15
CHARTER
OF "JAHNCKE SERVICE, INCORPO-
RATED "


RATED"
United States of America, State Of Louisiana,
City of New Orleans.
Be it known, that on this sixth day OF the
month Of July, in the year one thousand, nine
hundred and fifteen, before me, Felix J;
Dreyfous, a notary public, duly commissioned
and sworn in and for the parish OF orleans
and City of New Orleans, therein residing,
personally appeared the persons whose names
are hereuuto subscribed who declared that
ayailirg themselves of the provisions OF the
laws Of this state in such cases made and
provided relating to the organization OF cor
porations and more particularly Act 2bI OF
Va q 5ttos dsS6caSed win them: into
corporation and body polite in law for the
objects and purposes and ::nder the agree
ments and stipulatious following, to-wit:
Article 1.-The name and style OF this cor.
poratiOn shall be "Jahncke Service, Incorpor-
ated, and under that name it shall have
and ENJOY all the rights, advantages and
privileges granted by law to corporations,
and shall continue and subsiSt for the period
OF ninety. nine years from the date OF this
act. Its domicile shall be in the city of New
Orleans
Article 1.-THE purpose for which this cor
poraton is formed is:
To conduct for itself or as agent, or repre-
sentative OF others, general contracting bus
mess; to buy, sell and deal in building and
paving material and any material used in
construction and paving operations
To carry, transport, deliver and distribute
and for others all things susceptible of such
delivery, particularly the material used or
needed in contracting, building, levee or
road operations, and 10 engage in any other
business or enterprise which might be ger
name to, or connected with, the purposes above
stated.
Article 1II.-The amount of the capital
stock shall be six thousand (S6O0OOO) dollars.
divided into sixty (6O) shares of one hundred
dollars each, which have been entirely sub.
scnbed and paid for in cash by the appear
ers. The whole of said stock is common
stock of equal dignity and power. Said
capital may be increased to one hundred
All stock in this corporation shall be held
upon condition precedent and under con-
tract and agreement in the nature of vested
rights that all such stock is so held and DOS.
sessed subject TO the rules and provisions for
the transfer of same hereinafter set out, to-
wit:
First: No sale or other transfer of shares
OF stock IN this corporation shall be valid
until and unless the opportunity has been
hrst afforded the shareholders of record at
the date of such transfer, sale or other
alienation to purchase such stock at book
value plus twenty-five per cent the yaiue
to be ascertained in the manner herein pre-.
scribed The right to acquire said stock
hereby FIRST vested in the other Stockholders
OF record shall follow the stock into any
hands to which II may pass and may be exer-
clsed against the holders thereof within
ninety days from the time any sale or trans
ter thereof has been offered TO be entered on
the books of the corporation
1t shall be the duty of any holder of stock
IN this corporation who intends or desire 10
sell, transfer, ALLEVIATE or otherwise dispose
OF the same, TO give ten days written notice
OF such intention or desire to the board of
directors OF the corporation, who are hereby
constituted agents of the other stockholders
Tor the purpose of such notice, and said board
OF directors shall give immediate information
,nSteoi IN writing to all the other stock |
IlaNAg al,
the ten days from the receipt of said notice |
oy the board of directors any Shareholder
Of record may offer to purchase and may
sCquiIe the right to purchase, said stock by |
notiiying the board of directors in writing and |
thereafter shall deposit the price of said stock
IN cash with the corporation on or before
the expiration of eighty days from the last
mentioned date.
Upon the receipt of the first mentioned ma |
uee, the board of directors shall advise the
person owning said stock, his agent or repre- |
sentative, to Join the said board in fixing the
Naiue OF said stock, which value shall be
established on the basis of the last annual |
or semi-annual statement or report OF the |
corporation and the last monthly trial balance |
preceding the date of such notice, and TO the
value mus found and established there shall
thus found and established shall constitute
me value and price of said stock
II WITHIN the twenty-four hours after such
iotlce, the owner, his agent or representative
US hOA JUN WIN the DOarQ IN establishing i 4
he price or value of the stock, the board NAV
proceed without further delay to fix the said
'alue, using the report and trial balance
toresaid for that purpose, which writings ,
re declared TO be conclusive evidence for ,
nd against all parties in interest in the
remises, whether the value is established
y the joint act of the owner, his agent.
Iidow, heirs or representatives or by the ,
oard OF directors acting in default of the co.
Peratlon OF said person or persons.
Upon receipt of The offer or r
ny shareholder to purchase said stock and
pom obtaining guarantee satisfactory to said
'ard tor the price thereof, the board of di.
ctors shall thereupon give notice thereof U
.ne owner OF the stock, his agent or repre-
ntative, and before the expiration of the
riod OF eighty days aforesaid, shall call In m
eertihcate or certificates representing such II
ock and pay the price or value thereof and o
use the same to be transferred on the books m
the purchaser. az