The herald., 1916-01-13
CHARTER
of "ALGIERS SCRAP MATERIAL 60.
INC"

United States Of America STATE. ,f 7 gr,f.;.r9
gi,v II New Drr,,r. '1'
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,ovruantrd and agreed, and DO. by thrs,.
/ presents, covenant ard agree bind form and
/ constitute themselves a, we'll a, such r.a--
! sons who may hereafter ioin or become $50.
/ Grated with them into a corporation and b,l,.
/ polite iu Law. for the object, and rI,-pgs,,
: and under the agreements and stipulati,rS
/ following, tp-NIt.
! A-,,,rr The. name aud s,,.r. ., chi. ...
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isirs of ,Le CHrnn~at;,, as r,,, ~. -, a.
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Articie IT TIE J,rr;c;r. 81 s,;5 ,,,
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0 5,ph >"' De eSt4O'I'hed IN the cry 81 New
tions I'D otbc- II $500 Iii III an -
nm ,b. r-esiJ,, :, ~ fso. - - .NSu
president. and in The ,bsrrre ~; LD,b ~, ~
r.a.' . 80 -. '''o "''0'''S Vi "O'' oA '''e ]
ca.
NrlEIS lll.-Ihe "bleciS and purposes for !
"hch this corporation IS formed. and the ma |
'uIc u the business 70 De carried on by Il, !
are heTeDy declared to ne: 10 deal IN, conSign |
ais ana paper stock OF every description, and |
generally 10 engage IN and carry on any other |
enterprise or business which may be ger |
name OF incidental To, or connected with, the |
purposes hereinaboye set forth or contem-
p'a'ed ny nus Sharter.
ATti'!e lN:-Ihe capital stock OF this cor
potatlon Is hXed at the sum OF i've thousand |
'So'VWU) dollars, divided into nifty shares |
oil me par value OF one hundred dollars each.
All shareS OF STOCK shaIl he tulI paid and
non "SSessabIe' 40 transfer OF stock shall |
ne D'nding upon the corporation unless made
upon rs books, ana all certihcateS OF stock
Sha!I be signed by such othcers as may be
designated by the board OF directors.
inns corporation shall have the right 70
80 - N"P-,"A 7'"N> !" 'iS iulIH sum
OF 'Weu'E-hNe thousand dollars, 10 be d.
E'GSu also iht" shareS OF one hundred lSlUOl
dollars, each PROVIDED said increase in the
capital STOCK snail have been authorized by
he sIpCNhGlders AT meeting TO be held pur-
snant 10 me provisions OF Article ', OF this
Vharter; ,
HTtioIe N.-Aii the corporate powers OF the
company sh3li be vested IN, and the man
agemtnt ana control OF ITS AFFAIRS, shall be
exercised by, board OF directors composed
OF three stockholderS, the membership OF
majority OF the directors snail constitute a
quorum! lot the transaction or all business.
me directors shall be elected annually by
Iai'"t, ny Ihe AtockhoIdtrs' on the second
! tuesday, IN January IN each year Each stock
holder ShaIl DE emitted IN person or by
proxy 10 Note Tor every snare owned by
NM ana an eIectohS Shdil De held underi
suCn rules ana regulations as may be deter
mined by. the board OF directors after INF
teen days notice by mail Of such election
snd'I haNe peeh sSnt 10 eaCh stockhoIder at
Ms ldSt hI9"h dudreSs' Inc directors mus
cIeC'cu sIaLl continue IN once ior one year,
., ulI'h men SUCCESSORS SnaiI nave Deen duiy
SIec'ed ana quaIhei. no IalIure 10 elect snail
&c IegdIueu ds FORFEITURE OF ms chaIter
any vacancy occurring on Sald BOARD snail
De hIed by the remaining directors tor the
uHeNPreu Ierm' Ine Sald Doard snail Ike
wise CIeCt INC duulIiohaI members IN case
5hey shouiG determine 10 increase the num-
DeI u sa.u 9Oa' u. 9dIu D9ard OF directors
siIaIi d. 'Is "IE' .IeetIne dl'er us eiection'
IoI.''Ialc out OL US H""IpeI' d PIeSiuehI'
csIITIt anu seCLeIaIy 'uedsufSr. Sald
ood' s'. an HaNS 'ae l'snt 10 ConsoiuIte any
TWO OF 'he sara ofhceS mo one as also the
,s,i. 70 apt I anu IaSliISs sueH CIeIhs'