The herald. [volume] (New Orleans, La.) 1905-1953, 1916-11-09
CHARTER
OF II. p. WALL & CO, INC.

the month OF October. IN the year OF our
Lord one thousand nine hundred and SIX,
teen, and Of the independence OF the lnited
States Of America, the one hundred and
iorty-frst, before me, Roger Meunier' a no
tary public, in and for the Parish OF Or
leans. therein residing, and in the presence
Of the witnesses hereinafter named and un-
dersigned: Personally came and appeared;
Messrs Horace p Wall, James Nj. Wall and
Numa f. Berel all of the full age OF ma
jority, and residents OF the city OF New
Orleans, who severally declared that. avail.
ing themselves of the laws OF the State OF |
Louisiana, and particularly OF the Prov |
sions of Act No. Dol, of the General Assem- |
bly, of 1914, relative to the formation OF cor |
Porations; they have c9venanted and agreed greco
for themselves and their successors and as |
signs, to form themselves into corporation |
and body polite, for the objects and PuT.
poses and under the stpulatons following
Article THE name and title of this cor.
poraton shall be II. 7. Wall & Co, Inc.
Article 1.-THE purposes and OBJECTS tor
which this corporation i organized ana the
nature of the business to be carried on by
it. are stated and declared to be as follows
To manufacture, and 10 buy and sell, trade
and deal in, at wholesale or retail, groceries,
provisions, food supplies, produce, wares;
merchandise and articles OF domestic ana
household use; cigars, cigarettes ana an
other forms and products OF tobacco; candies'
cakes and all other ConfectionS; soft drinks
and beverages; to purchase, acquire ana sen
any and all patent rights and improve meth,
DDS processes and machinery, plant and
property necessary and proper for the trans
action and carrying on OF SAID businesses
and all its branches; to acquire and under,
take all or any of the business, assets and
liabilities of any firm, association or cor
poration engaged in a like business, or bus
s. and and TO Pay i%I o' oh n
Article III.-The capital stock OF this cor
poraton is hereby fixed at the sum OF twenty
thousand dollars (S000OO), divided into
two hundred shares of the par value OF one
hundred dollars, $4,000, each, to be paid
for in cash, or its equivalent IN LABOR or
property. This corporation shall be a going
concern as soon fifty per centrum OF SAID
capital stock shall have been subscribed Tor
and fifty per centum of the amount SO SUD,
scribed actually paid in. All Transfers f ,S Ol
corporation, by surrender of the original GER
tifcate, properly endorsed for cancellation
by the stockholder; in whose favor said STOCK
None of the stockholders shall have the
right to transfer or assign any OF the snare
held by any of them; without having hrst
offered the same to the board OF directors,
which shall have the right to purchase them
for the benefit of the corporation within tve
DAYS thereafter, at their book value as shown
fer. All shares purchased by the corporation
may be reissued by it at not less than their
par value
poration may on complying with all the re-
ouisites of the law, be increased to the sum
of one hundred thousand dollars (SlOO,UOOO).
Article N.-Ihe dOmiCile OF THIS corpora
,;on shall be in the city of New Orleans,
State of Louisiana, where all citation or
other legal process shall be served on the
president, or in his absence, as the law a.
Article VI-This corporation shall have and
enjoy succession and duration for a period
Of ninety-nine years from the date hereof.
Article VII.-AH corporate powers OF this
corporation shall be vested in and exercised
by board of directors, composed OF three
stockholders, who shall be bona hde owners
of the stock standing in their names, and
which stock shall be unpledged and unen'
numbered by them; two OF which directors
shall constitute quorum for the transac
Until the first Monday of October, 1917
the following named persons SHAH constr
tute the board of directors OF this corpora
'I Horace P. Wall. whose post-ofhce address
is 645 Carondelet street, New Orleans, La
James NJ. Wall. whose post;othce address !
Numa E. Bertel, whose post-offce address /
care of Whitney-Central National Bank, cor
ner of ST. Charles and Grayier streets, New
Thereafter, the board of directors shall b
composed of three stockholders who shall b
elected annually, beginning on the mrs
Monday of October, 1917; any stockholde
shall be eligible to membership without re
gard to the number Of shares owned by HIN
All elections shall be by ballot, and eac
stakeholder shall be entitled to one vote 10
each share of stock standing in his name Q
the books of the corporations; the, vote to b
cast in person or by proxy; it shall requir
a majority of stock present, or representa-
20 elect Failure to elect board of direC
tors on the FIRST Monday OF October, lSi|,
thereafter, shall not work a forfeiture OF I'M
charter but the old board OF directors sha
remain in Office until their successors ar
elected and qualified.
Article VIIi-The board of directors sha
hold regular meetings at the domicile OF tn
corporation or, with the written consent
all the directors, elsewhere, within or witt
out the state of louisiana, at such time q
may be fixed by the bylaws of this CO.
poratiOn.
Any vacancy occurring In the board
directors, either from death. resignation {
inability TO serve, shall be filled by n
board of directors at its next meeting att'
such vacancy shall have been brought to i
Article IX-The officers Of this eOpOr
ton shall consist of president, vce-pre
ident a secretary, and treasurer, each
whom, with the exception of the secretar
must be stoekhOldeT; the secretary may
secretary and treasurer may be held by OF
and the same person. Until the election
be held in 1917 the following named person
shall constitute the officers of this corpor
ton: Horace p. Wall, as president; Nun
E. Bertel. vice-presdent, and James !
Wall, as secretary-treasurer.
Article X.-In furtherance of the abo'
enumerated powers, and of the powers CO
fe-red by the laws of this state, and n
in limitation thereof. this corporation sh'
have the following powers:
(a) To invest, as it does hereby inve
the above named directors. and their 81
cessors with all corporate powers;
(b) To have succession in its corpora
name for the time above specified;
(c) To sue and be sued by its corpora
name in any court of competent Jurisdctio
I'D To make and use a common seal, a
10 alter the same at pleasure;
(e) To acquire property by grant, gift a
purchase; and to lease, hold, to dispC
Of and to mortgage and pledge the same;
% To appoint such officers and agents
the business of this corporation may requii
and to FIX their compensation;
(g) To make bylaws, fixing and alteri
the management of its property, the regu
ton and government of its affairs, and I
manner and certihcation of its stock
(h) To wind up and dissolve itself;
ID To conduct business in this state,
other states, the Federal Districts and /
ritories, and the possessions of the Unit
States, and in Foreign countries;
ID To hold stock in other corporation
and the capital stock of this corporation m
be issued for the capital stock of other c
porations.
Article XI.-This charter may be alter
and amended in any manner, including
increase or decrease of its capital stock, a
the affairs of the corporation wound up a
dissolved in the manner, and on complyi
with existing laws.
The incorporators have placed oppos
their respective signatures the number
shares of the capital stock for which IN
each have, respectively, subscribed. viii
Is to be taken and considered as the or
nal subscription list Of this corporate
aud which is to be recorded as such. I