The herald., 1916-12-21
CHARTER
OF HANS NJ. WANG Co, INC.

OF New orleans
BE It known, that on this 10Th day OF the |
month OF November, IN the year OF our Lord, |
nineteen hundred and sixteen, and OF the /
independence of the United States Of Amer /
ica the one hundred and torty-hrst, before
me Edward Paul Foley, a notary public,
duly commissioned and qualified, IN and Tor
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 avaiing themselves OF the provisions,
of the laws Of Louisiana, reiatIve to the tor.
nation OF corporations, and particularly OF
those Of Act No. 2b7, Of the General Assem-
bly, of 1914, approved July 9, 1914, they do
by these presents for themselves, and for
others who may hereafter become ASSOCIATED
with them, form body corporate, and pol,
tito, under the following stipulauons and
conditions, to-wit:
Article The name OF this corporation
shall be Hans NJ Wang Co., Inc, ana us
period OF duration shall be ninety-nIne W
wears, from and after this date. and u shaIi
have for the purposes Of the business TO De
carried on by II, all the powers conferred Dy
law upon corporation, and shall! generaLly
proper carrying out OF SAID business
Article 1.-THE dom~re Of this corpora
ton shall be in the city OF New Orleans,
State OF louisiana; and all citation or otner
legal process shall he served on me pes :I
deni and in case Of his absence, or ma
bility to act, upon the vice president, or the
secretary-treasurer, OF this corporation.
Article III.-The objects and purposes for
which this corporation Is organized ana the
nature Of the business 10 be carried on Oy
IT. are hereby declared 10 be the following:
The supplying Of ships, steamboats,, and
other vessels with groceries, wines, liquors;
quantities, and generally to do and perform
any and all things, incidental 70 OF aP
pertaining to the ship chaudiery business.
Article IN-The amount OF the caPlt1il
= t1re 2 4r he ~,
Go be ten thousand (Sl00OOU dollars, d.
vidcd into one hundred 600 shares, or the
par value OF one hundred tSlO0UO dollars,
per share. Fifty per cent OF the sara cap
ital stock shall be subscribed and paid for
before the filing OF these articles OF lncoT-
poration.
stock of this corporation shall be paid Tor,
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
poratIon. =.
this corporation may be increased, IS hxed
at the OF twenty thousand C2OUOOO)
dollars
this corporation unless made upon the books
of the company and sale or other dis
posal of stock, in this corporation, shall be
valid, unless first offered, 20 the remaining
stockholders, of this corporation, for ten UO)
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 stockholderi 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 for the first year, or
until their successors are elected and quail
ihed and shall consist of the following:
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
shall be president; John Bonura, vice-pres-
ident, and Finn Silchenstedt shall be secre-
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, dellv-
cred to each stakeholder in person, or mailed
to his last known address, at least fifteen
Q) days prior to the date of such election.
All such elections and at all meetings of
the stockholders, every stakeholder shall be
entitled to one % vote for each share OF
stock standing in his name on the books Of
this corporation, at the date of such election
meeting; said votes may be cast in per-
son 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.
fee until their successors are elected and
qualified.
Each subsequent board shall elect as soon
as possible, from their number a president,
vice president, and a 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
appoint any other director, his proxy, 10
act in his place at any meeting of the board.
This corporation shall have the right to
make and use 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 OF evidence of dept; to purchase any
business OF businesses within the object and
purposes of this corporation, and to pay there
fore such price as the board of directors
shall determine.
corporation shall be signed by the president,
or in his absence, or inability to serve by
the vice-presdent 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 VI.-This act of incorporation may
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 meeting of the stockhold-
ers, specially convened for that purpose after
fifteen U9 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 (2) COM
missoners, selected from among the stock.
holders at special meeting of the stock
holders called after fifteen Q5 days writ.
ten notice delivered in person, or given by
letter to the last known address of each
stakeholder.
Said commissioners to be chosen by ma
lority vote of the stock cast at said meet
ing by the owners thereof as thew appear
on the books of the corporation, at the date
OF sand meeting in person or by proxy, each
share OF stock being entitled to one ID
vote. ~
Article vino stakeholder shall ever be
held liable for the contract or fault of this
corporation in any further sum than the nm
paid balance, due the corporation on the
shares owned by him; nor shall any mere
intormality have the effect of rendering this
charter null, or of exposing any stockholder
to any liability beyond the balance due, and
unpaid by him, on his subscription to the
stock Of this corporation.
Inc subscribers hereto have respectively
written opposite their names their post
office addresses, and the amount of stock
subscribed to and paid for by them in this
corporation, so that this act of INCORPORATION
may serve also the original subscription
lst OF the said corporation, all to conform
TO act 27, of 1914.
thus done and passed, in nv notarial Of
nee, on the day, month and wear first here