The herald. [volume] (New Orleans, La.) 1905-1953, 1915-12-30

PSsOhs VINO may hereafter JOIN or becom,
associated with them or their successors int,
a stock corporation for the objects and pur
poses and under the covenants, stipulation:
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, 1t shall exist and con.
tInue. and shall have and enjoy corporate
existence and succession for period of
ninety mine C99) years from and after the
| date OF this act. Il may have. hold, receive
borrow, loan, exchange, acquire by grant,
git or purchase, devise or bequeSt, sell, alien.
ate, dispose OF, convey, lease, I'edge, pawn,
hvpothCCate, cucumber or mortgage propertv
. OF any kind whether real, personal or mixed,
Co1pureal or lnCoTpOredl, movable or immoya-
b!c, all subject to such limitations as nav
, be prescribed by law II may make, issue
and endorse bonds notes and other evi-
denccs OF debt 1t may accept mortgages,
pledges or other forms OF security for money
, loaned or other debts. Ii may contract. sue
and be sued, plead or be implcaded By its
corporate name IN any court Of competent
jurisdiction. 1t may make, adopt and use
common seal and alter the same at pleasure
II may hold stock in other corporations and
ITS capital stock may be issued for capital
stock IN other corporations. II may name,
appoint and employ such managers, dlrCC-
tors, ottCers, agents and other employees as
ITS SAID business and convenience may re
quIre, and may fix their compensation. hav-
ing due regard to the nature, character and
value Of their services II NAV make and
establish bylaws, rules and regulations not
inconsistent with this charter or any exist
ing law, fixing or altering the management
81 ITS property, the regulation and govern
Wcut OF It's affairs, and the manner OF the
ccruhcatIon and registration Of its stock II
may wind up and dissolve itself. or be wound
up and dissolved IN the manner prescribed
by law. Ii may conduct business in this
state other states, the Federal districts, the
z o. Il.
States, and any foreign country. Ii shall have
tht power 10 invest its board OF directors with
al oi 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 immunities
"hlch corporations are and may hereafter be
authorized 10 possess under the constitution
and laws OF this state, and particularly under
Act No. 10 Of the Acts OF the General As }
Sembly OF the State OF Louisiana for the year
Article 1.-THE domicile Of this corpora.
ton shall be 4, the city OF New Orleans F
pauSh OF Orleans, State of Louisiana, and
all citations or other legal process shall be .
served upon ITS president. or in the event Of /
ms absence upon its ViCe-presidcnt, or in .
the event Of the absence Of both Of said Off
GERS upon MS seCretary-trea. urer.
Article lII.-The purpose or purposes for
winch this corporation Is formed and the ma
turc OF the business TO be carried on by II
are hereby declared 10 be: To apply for. ac.
quire' buy hold. sell, assign, lease, pledge,
mortgage or otherwise dispose Of letters mai.
cnt OF the United States or Of any foreign
country, and all or any rights territorial or
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-
.atlug 20 or useful in connection with any
business OF the corporation: to use mann |
tacturc or grant licenses under any letters
rr.I -..rr.r., Id f..
10 appoint agents with exclusive territory for |
The manufacture or SALE or both OF the fin. /
shcd article manufactured under such pat /
.Hta' To acquire by purchase, lease. exchange
pr otherwise deal in real estate timber. tim
'cred lands; 20 cat and manufacture the same
and TO that end to build, equip, operate and
MAINTAIN SawmlllS, veneer mills, or any other
plants tor the manufacture OF lumber into
boxes, crates, barrels, any other articles
'ormonly manufactured from such material:
10 generally deal in all commodities Of trade
II any nature and kind whatsoever; to carry
IN any other business which under the law
may be entitled to carry on, which may
seem to the corporation TO be calculated, di-
ecty or indirectly, to efectuate the afore-
'ald objects or either of them, or to facilitate
I IN the transaction Of its aforesaid business
n businesses or any part thereof; TO buy and
ell stocks and bonds or other securities or
evidences of Indebtedness, property rights
business, good WILL franchises and assets of
very kind Of any firm, association, indi- /
'lduai or corporation, foreign, domestic or
and to lend money and accept ,
as security for debt, or otherwise ,
cquire and hold the same
Article IN-The authorized capital stock
i this corporation is hereby declared to be {
he sum of twenty thousand dollars (S2O,-
Oo.OO), which capital stock is 20 be divided !
nto and represented by two hundred (2OO I
hares Of common stock of the par value of t
ne hundred dollars $4,000 each, but this 4
orporation shall have the power to create
wo or more kinds of stock of such classes, j
WITH such designations, preference and voting /
overs or restrictions qualifications thereof a
5 II may see ht Said capital stock shall be :
ully paid and worcestershire when issued a
nd shall be represented by certificates and 3
hall be personal property. No transfer of c
aid capital stock shall be binding upon this t
operation unless made in accordance with \
IS charter and bylaws and recorded on the {
ooks thereof. As authorized by Section
g of Act 267 of 1914, this corporation shall o
fly per cent (50G6) of the amount of its u
apital stock is subscribed and fifty per cent 5
800 of the amount of the stock so sub. il
cribed is actually paid for in cash. r
Article N.-The business of this corpora p
on shall be managed and all the corpor- Il
lie powers thereof, except as hereinafter
ated shall be vested in and exercised by Il
board of not less than three C) nor more S
ian seven % directors, to be elected from
nong. its stockholders, and a majority of II
le directors at any time in Office, either Il
resent in person or represented by proxy, a
lall constitute a quorum, provided that so a
ng as there are less than five directors the <
I'll board only, either present in person or a
presented by proxy, shall constitute quo p
I'M. y
Article VI.-The first board of directors of d.
lis corporation shall be composed of three ST
persons: E. A. Pharr, whose post Office
ldress is Morgan City, Louisiana; c. S CT
'illams, whose post office address is Pat HI
rson, Lousiana: and r. c. Milling, whose G
st Office address is No. 9l7 Whtney-Cen- W
al Bank Building, New Orleans, Louisiana; "
it'll f. A. Pharr as president; c. s. Will dr
ans, vice-president, and r. c. Milling, sec
tary-treasurer. Said board of directors shall
rye until the first meeting of stockholders
r the election of directors, until their
ccessors are elected and qualified, and said
ard of directors shall have the power TO z;
crease the membership of said board at &C
~ time 10 a number not exceeding seven cl
} and shall have the right to elect from OF
e stockholders of this corporation said ad- in
tional directors. lie
Article VIi.-On the first Monday in Jan.
ny, 1916. and annually thereafter the
st Monday in January in each year, a
Getting Of the stockholders of this corporation
all be held at its domicile for the purpose d,
electing directors for the ensuing year,
d at such meetings the stockholders shall
We the right of cumulative voting in the
ection of directors and shall have the right
electing the number of directors then in
ice, and if there be not as many as seven n,
Il Ill ~