The herald., 1916-10-12
CHARTER

OF THE JACKSON GRAVEL COMPANY
United States OF America. State of Louis
ana, Parish of Orleans, City of New OF
leans.
BE it known, that on this lst day of SEP
| TENDER, in the year OF our Lord, one thou
sand nine hundred and sixteen, before me
| Henry g. Bloch a notary public, duly com
mis- Toned and qualified and sworn in an
| for the parish OF Orleans and City OF New
| Orleans, State of Louisiana. therein resid
| ing. and IN the presence OF the witneSse
hereinafter named and undersigned, person
ally came and appeared, the several person
whose names are hereunto subscribed, VIII,
| declared: that, avaling themselves of TIL
| laws of the State of Louisiana relative {,
the organization of corporations, they do BY
these presents covenant, agree, stipulate anC
bind themselves, as well such persons a.
may hereafter become associated with them
10 form and constitute a corporation anc
body polite in law for the objects and pur
poses and under the causes. stipulatiOns anC
articles hereinafter set forth and expressed
which they do hereby adopt as their char
ter, to-wit:
Article 1.-The name and title of this cor.
Poration shall be Jackson Gravel Company
Inc. Under this corporate name said cor
poration shall have power and authority 70
exist and enjoy succession for the full term
and period of ninety nine (9o) years from the
date hereof 1t shall have power TO sue and
be sued; to make and use a corporate seal,
and the same to break alter at pleasure
TO own, hold, receives purchase, use, convey,
sell, lease, mortgage, and pledge, under its
corporate name, property, both real and per
sOnal: TO consolidate or merge with another
corporation, and to hold or own stock there
in; to borrow money and to issue notes and
bonds secured by mortgage otherwise, TO
name and appoint such agents, managers. d.
rectors, officers and employees as the interest
and convenience OF the corporation may re-
quire, and to discharge the same at pleasure
to make and establish such bylaws, rules
and regulations for the proper management
and conduct of the affairs of the corporation
as may be necessary and proper, and the
same to change or abrogate al will; and gen.
orally to do and perform such acts, matters
and things may be incidental to the bus.
mess OF the corporation requisite and nee
eSsary to carry out the object and purpose
of the same as shall be more fully herein
after expressed.
Article 1.-THE domicile of this corpora
ton shall be at the CITY of New Orleans
Parish of Orleans, State of Louisiana, where
all citations and other legal process shall be
served upon the president, or. in his absence,
upon the vice-president, or, in the sbsence
of both, upon the secretary or treasurer or
as otherwise provided by law.
Article III.-This corporation is organized
for the purpose OF producing. buying, selling,
dealing and operating in building and paving
material in louisiana and elsew here and TO
lease, own and operate beds, deposits and
lands containing the same, and to enter into
engagements. obligations undertakings, and
TO make and do any and all things neces-
Sary or proper in connection with the prin-
cipal object aforesaid; and to engage in any
1ther business or enterprise which might be
yermane TO, or connected with, the purposes
lbove stated.
Article IV.-The capital stock of this cor
,oration shall be, and is hereby fixed at the |
um of twenty-five thousand dollars (S2S,ooOl,
- IL l.
hares of the par value of one hundred dol |
ars (Sl0000) each. The capital stock OF this |
shall at no time be increased TO |
sum exceeding one huadred thousand dol |
ars (Sl00,00O0O).
The full amount of each share of stock |
hall be paid for in cash or its equivalent
n property labor at the time same is
ssued and no stock be issued until fully
aid for. This corporation shall be consid-
red as organized and going concern when
welve thousand, five hundred dollars (Sl2,-
D0O0) of its capital stock shall be sub
cribed and paid for as provided for by law.
All stock shall be fully paid and non-as-
essabe. No transfer of the stock Of this
operation shall be binding upon the COM
any unless the certificates evidencing the
hares of stock to be transferred shall have
cen delivered to the officers of the corpora
on with authority to make the transfer or
ntil the transfer is actually made on the
ooks Of said corporation. Prior to such
.ansfer this corporation shall be authorized
deal with the person in whose name the
.ock stands the books of said corpora
on.
No stakeholder of this corporation shall
ave the right to sell his stock until after
ich holder has previously offered same TO
lie remaining stockholders through the pres
lent of said corporation and given such
ockholders FIVE days within which to pur-
lase said stock at its book value plus ESQ
hereof. All the stockholders shall have the
ght to purchase in the proportion of their
oldngs in said corporation.
Article Vail the corporate powers of this
,rporation (save those hereinafter reseryedl
lall be vested in and exercised by board
olders, three 81 of whom shall constitute
quorum for the Transaction of all business
the board. The board of directors named
erein shall serve until the second 2nd)
'ednesday in October, 1917. at which time
directors shall be elected annually there
tier on the second Wednesday in October
each succeeding year. Il
The failure TO elect directors at any time,
,wever, shall not forfeit this charter, but
lose in Office shall hold over until their
,ccessors are elected and qualified. L
All elections shall be by ballot, and each
ockholder shall be entitled to one vote
r each share of stock standing in his name
the books Of the coporation-which vote
lall be cast in person or proxy, or as the
W provides; and it shall require a majority
the stock issued and outstanding present
represented at such election to elect. :,
The board of directors so elected shall
lect from their number the officers Of said
mpany. No person shall be a member OF
e board of directors of this company who {
not the bona fde owner of at least one {
} share of the stock of said company.
ANY member of the board OF directors who
ay be prevented from attending the meet |
Is thereof may give his written proxy 10
w another member of said board Of diree-
rs TO represent him in all matters at any
Getting OF said directors, whether special or
neral