The herald. [volume] (New Orleans, La.) 1905-1953, 1916-12-14
CHAR TER
OF HANS VI. WANG Co, INC.
tate Of Louisiana, Parish Of Orleans, Cit

nineteen hundred and sixteen, and OF the
independence OF the United States Of Amer
ICa, the one hundred and forty-hrst, before
me, Edward Paul Foley, notary public,
duly commissioned and qualified, in and for
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 availlng themselves OF the provisions,
OF the laws of Louisiana, relative 10 the Tor.
nation Of corporations, and particularly OF
those Of Act No 3b7, Of the General Assem-
bly, OF 1914, approved july 9, 1914, they do
by these presents, Tor themselves, and fC-
others who may hereafter become associated
with them, form q body corporate, and pol.
itic, under the following stipuiatons and
conditions, tp-Nlt:
Article L-lhe. name Of this corporation
shall be Hans " Wang Co, Inc, and its
period of duration shall be nincty-nlne t9yl
years, from and after th. date, and u shall
have for the purposes ot the business 10 be
carried On by u, all the rowcr- conferred by
law, upon corporation, and shall generally
proper carrying out Of said business.
Article 1.-THE d1ni~.re Of this corpora
ton shall be m the city OF Ne" Orleans
State OF Louisiana; and all citation or other
legal process shall be served on the prcSl-
dent, and IN case OF his absence, or ina
hllty to act, upon the ylce-presIdcnt, or the
secretary -trcasurer, ut this corporation.
Article III.-Thc objects and purposes for
which this corporation Is organized, and the
nature Of the business 20 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 to or ap.
pertaining to the ship Chandlery business.
Article IN.-The amount of the capital
stock OF this corporation is hereby declared,
60 be ten thousand tSlOUOUD dollars, dl-
vided into one hundred 600 shares, of the
Of L,,D,lred (S1Il dollars
per share. Fifty per cent Of the said cap
ital stock shall be subscribed and paid for
before the filing Of these articles OF incOr-
pOratOn.
The remainder of the authorized capital
stock of this corporation shall be paid Tor,
when subscribed Tor, 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
Poration.
this corporation may be increased, Is fixed
at the sum of twenty thousand (S2O,UO.U)
dollars.
No transfer of stock shall be binding upon
this corporation unless made upon the books
of the company, and sale other dis
posal of stock in this corporation, shall be
valid, unless first offered, 10 the remaining
stockholders, OF this corporation, tor ten (lO)
days, at a price not in access of the book
value of the said stock, on the date OF the
said offer, after which, if said offer is not
accepted by any stOCknO!dcT the STOCK may
be sold by the owner thereof, at will.
All stock acquired in this corporation shall
be subject to this provision of the charter.
Article YAH the powers OF this corpo-
ration shall be vested in and the business
and affairs of the said corporation, shall be
managed by board of three 90 directors,
who shall be elected annually, at meeting
of the stockholders, to 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-
tary-treasurer.
All elections shall be by ballot. at the of
fee of this corporation, under the supervi-
sion of two ~ commissioners to be ap-
pointed by the board of directors.
Notice of such annual meeting shall be
given by the secretary, in writing deliv-
cred to each stakeholder in person, or mailed
to his last known address, at least fifteen
Q5) days prior TO the date of such election
All such elections and at all meetings of
the stockholders, every stakeholder shall be
entitled to % vote for each share of
stock standing in his name the books of
this corporation, at the date of such election
or meeting; 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
hce 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.
shall be filled by the remaining directors
Any member of the board of directors may
appoint any other director, his proxy, TO
act IN his place at any meeting OF the board.
make and use a corporate seal, and the same
TO alter, change and break at its pleasure
to hold. receive, purchase, hypothecate, con-
Vey, sell, lease, or pledge, real and per-
sonal property, to issue negotiable bonds and
notes or evidence of deDt; to purchase any
business or businesses within the object and
purposes of this corporation, and to pay there
fore such price as the board of directors
shall determine.
All checks, notes, or bonds issued by this
corporation shall be signed by the president
or in his absence, inability to serve by
the vice-president and secretary treasurer Of
this corporation.
The board of directors of this corporation
may adopt and amend all bylaws, rules and
regulations, proper and necessary for the
management of the corporation.
Article VL-This act of Incorporation NAV
be modified, changed altered or amended
or the said corporation may be dissolved with
the assent OF two-thirds of the capital stock
outstanding at a meeting of the stockhold.
ers, specially convened for that purpose, after
hfteen u5) days notice has been delivered
IN person or given by letter to the last
known address of each stakeholder
In case of dissolution of this corporation
its affairs shall be liquidated by two t0 com.
missioners, selected from among the stock
holders at special meeting OF the stock
holders called after fifteen O9 days writ
zen notice delivered in person, or given by
letter 10 the last known address of each
stakeholder.
Said commissioners TO be chosen bv ma
lorty vote of the stock cast at said meet.
ing by the owners thereof as they appear
on the books of the corporation, at the date
OF SAID meeting in person or by proxy, each
snare OF stock being entitled to one IN
vote. w
Article VII.-No stakeholder shall ever he
held liable for the contract or fault of thi :
corporation in any further sum than the nm
paid balance, due the corporation on the
shares owned by him; nor shall any mere
intornality have the effect Of rendering this
eharter null, or of exposing any stockholder
10 any liability beyond the balance due. and
unpaid by him, on his subscription to The
stock OF this corporation.
The subscribers hereto have respectiveIv
written opposite their names tieir post.
oihee addresses, and the amount OF stoct
subscribed TO and paid for by them in tb;c
corporation, so that this act of incornorat;or
may serve also as the original subscrintior
ist, OF the said corporation, all 10 conforr
20 act 267 of 1914
mus done and passed, in nv notariaI Of
nee, on the day, month and wear first bere
InaooVe written in the presence of WiIIiar
= Odkes ana James Beer competent wit