The herald., 1916-12-28
CHAR TER
OF HANS NJ. WANG CO., INC.


BE it known. that on this 10Th day OF III,
month Of November. in the year Of our Lord
nineteen hundred and sixteen, and Of The
independence Of the United States Of Amer
ga. the one hundred and forty first, before
me- Edward Paul Foley, notary public
duly commissioned and qualified. IN and fol
! the parish OF Orleans, State OF Louisiana
therein residing, and in the presence Of the
! witnesses hereinafter named and under
signed, personally came and appeared the
| persons hereinafter subscribed, who declared
| that avaIhug themselves OF the provisions
| pi the laws Of Louisiana, reiatIve 10 the Tor
nation Of corporations, and particularly OF
! those OF Act No 2b7, Of the General Assem-
bly, OF 1914, approved July Q, 1914, they dc
! by these presents, Tor themselves, and for
| others who may hereafter become associated
| with them, form body corporate, and pol
itic. under the following stipulatlons and
| conditions, to-wIt:
| Article The name OF this corporation
shall be Hans NJ. Wang Co., Inc, and its
| period Of duration shall be ninety nine t99l
| years, from and after this date. and il shall
have for the purposes OF the business 10 be
| carried on by II, all the powers conferred by
law, upon corporation, and shall generally
exercise all the powers necessary Tor the
proper carrying out OF said business.
Article 1.-The dom~Ie of this corpora
ton shall be in the city Of New Orleans.
/ State Of Louisiana; and all citation other
| legal process shall be served the presi-
| dent, and in case Of his absence, ina
| bilIty to act, upon the vice-presIdent, or the
secretaTy-treasurer, OF this corporation.
Article III.-The objects and purposes for
which this corporation is organized, and the
nature OF the business 10 be carried on by
it, are hereby declared to be the following:
The supplying OF ships, steamboats,, and
other vessels with groceries, wines, liquors,
oils rope, ETC., etc, in wholesale, or retail
quantities, and generally TO do and perform
any and all things, Incidental 10 or ap
pertaining 70 the ship chandlery business.
A.. 81
stock OF this corporation Is hereby declared
TO be ten thousand (SlO,OOO0O) dollars, di
vided into one hundred QoO) shares, OF the
par value OF one hundred $1,000 dollars,
per share. Fifty per cent OF the said cap
ital stock shall be subscribed and paid for
before the ming Of these articles OF IncOr-
poratlOn.
The remainder OF the authorized capital
stock Of ;his corporation shall be paid for,
when subscribed for, at such times as the
board OF directors shall determine; and all
stock shall be paid for in full. either in cash,
labor done for the benefit OF the corporation,
or property, actually brought into this cor
pora;!on.
The amour, to which the capital stock OF
this corporation may be increased, IS fixed
at the sum OF twenty thousand (S2O,oO00O)
dollars.
No transfer OF stock shall be binding upon
this corporation unless made upon the books
Of the company, and no sale or other dis
poSal OF stock. IN this corporation, shall be
valid. unless hrst offered. 10 the remaining
stockholders, of this corporation, FOR ten Q0l
days, al prlce not IN access OF the book
value OF the said stock, on the date OF the
said offer. after which, II said offer is not
accepted by any stockholder, the stock may
be sold by the owner thereof, al will
All stock acquired in this corporation shall
be subjec, to this provision OF the. charter.
Article N.-All the powers OF this corpo-
ration shall be vested in and the business
and affairs OF the said corporation, shall be
managed by a board of three 90 directors,
OF the stockholders, 10 be held, the first
Monday OF October each year; the FIRST board
OF directors shall serve for the first year, or
until their successors are elected and quail
Hans NJ. Wang, New Orleans. La; John
Bonura, New Orleans, La, and Finn Silchen-
stedt, New Orleans, La, and OF the above
named board Of directors, Hans NJ: Wang
ident, and Finn Silchenstedt shall be secre-
All elections shall be by ballot, at the Of
fee OF this corporation, under the supervi-
pointed by the board of directors.
Notice OF such annual meeting shall be
given by the secretary, in writing, deliv-
cred 10 each stockholder in person. or mailed
TO his last known address, az least fifteen
Q5 days prior 10 the date OF such election.
All such elections and at all meetings of
the stockholders, every stakeholder shall be |
entitled TO one Ql vote for each share OF
stock standing in his name on the books OF
this corporation, al the date OF such election
or mee;ing; said votes may be cast in per !
son or by written proxy, and majority OF
the votes thus cast shall elect. |
The failure to elect directors at the annual |
meeting shall not dissolve this corporation, |
nor impair its management in any way, the |
directors then in office shall remain in of. |
ice until their successors are elected and
qualified.
Each subsequent board shall elect as soon
as possible, from their number a president, |
vice-president, and secretary treasurer, and
may grant to such officers such power as
they deem proper.
All vacancies on the board Of directors |
shall be filled by the remaining directors. |
Any member of the board OF directors may
act in his place at any meeting Of the board. |
This corporation shall have the right to
make and corporate seal, and the same
10 alter change and break at its pleasure,
70 hold, receive, purchase, hypothecate, con-
sey, sell, lease, pledge, real and per-
'onal property, TO issue negotiable bonds and /
notes evidence of dept; 10 purchase any
business or businesses within the object and
purposes OF this corporation, and to pay there
ore such price as the board of directors
hall determine.
All checks, notes, or bonds issued by this
corporation shall be signed by the president,
n in his absence, or inability TO serve by |
he vice-president and secretary treasurer of
The board of directors of this corporation
nay adopt and amend all bylaws, rules and
equations, proper and necessary for the Il
OF the corporation. |,
Article VI.-This act of Incorporation NAV
De modified, changed, altered or amended, Il
" the said corporation may be dissolved with
he assent of two-thirds Of the capital stock,
at meeting of the stockhold- /
RS, specially convened for that purpose, aftef
fifteen Q) days notice has been delivered II
n person or given by letter to the last
Known address of each stakeholder. |,
In case of dissolution of this corporation
IS affairs shall be liquidated by two (2) COM
nissioners, selected from among the stock
holders at special meeting of the stock
holders called after fifteen Q0 days writ
en- notice delivered in person, or given by |
etter TO the last known address of each
Said commissioners TO be chosen by a ma.
orlty vote of the stock cast at said meet
ng by the owners thereof as they appear
N the books OF the corporation, at the date
y sand meeting in person by proxy, each
hare OF stock being entitled TO one % II
'ote.
Article VII-No stakeholder shall ever be
leld liable for the contract or fault of this
corporation in any further sum than the I'M
,ald balance, due the corporation on the
mares owned by him; nor shall any mere
ntormality have the effect of rendering this
harter null, or of exposing any stockholder
o any liability beyond the balance due, and
unpaid by him, on his subscription to the
took OF this corporation.
The subscribers hereto have respectively