The herald. [volume] (New Orleans, La.) 1905-1953, 1916-11-16
CHARTER
OF II. p. WALL & CO, INC

forty first, before me, Roger Meunier, no.
tary public, in and, for the Parish OF Or
leans, therein residing, and in the presence
Of the witnesses hereinafter named and un'
lcrsigned: Personally came and appeared:
MesSrs. Horace p. Wall. James NJ. Wall and
Numa f. Bertel, all of the full age OF ma
Jorty, and residents Of the city of New
Orleans, who severally declared that. avail.
ing themselves Of the laws Of the State OF
Louisiana, and particularly of the provI-
SONS Of Act No 267. of the General Assem-
bly, of 1914, relative 10 the formation OF cor
porations, they have Covenanted and agreed,
and by these presents do covenant and agree,
for themselves and their successors and as
signs, TO form themselves into a corporation
aud body polite. for the objects and pur-
poses and under the StIpulations following
to-Wit:
Article THE name and title OF this cor
poration shall be II. 7. Wall & Co., Inc.
Article 1.-THE purposes and objects tor
which this corporation - organized, and the
nature Of the business 20 be carried on by
H. are stated and declared to be as follows:
To manufacture, and - buy and sell, trade
aud deal in AZ wh0les ale or retail groceries,
prov .siOnS, food supplies, produce, wares,
merchandise and articles OF domestic and
household use; cigars, cigarettes ana All
other forms and products OF tobacco candies,
cakes and all other CONNECTIONS; soft drinks
nd beverages; to purchase, acquire and sell
any and all patent rights and improve meth
DDS, processes and machinery, plant and
property necessary and proper for the trans
action and carrying on Of said businesses
and all its branches; 10 acquire and under
take all or any OF the business, assets and
liabilities of any firm, association or cor
poratiOn engaged in a like business, or bus
ineSses. and 10 pay for the same in cash,
stock Of this corporation, or otherwise.
Article llI.-lhe capital stock Of this cor
poration is hereby fixed at the sum of twenty
thousand dollars, (SO.0OOO0), divided into
two hundred shares OF the par value OF one
hundred dollars, $1,000, each to be PAID
for in cash, its equivalent in labor or
property. This corporation shall be going
concern as soon as fifty per centum OF sad
capital stock shall have been subscribed for,
and fifty per centum Of the amount so sub.
scrbed actually paid in. All transfers OF
stock shall be made the books OF the
corporation, by surrender OF the original GER
tihcate, properly endorsed for cancellation
Ivy the stockholder in whose favor said stock
Is issued, or by his duly authorized agent.
None of the stockholders shall have the
right TO transfer or assign any OF the share
held by any of them without having FIRST
offered the same to the board of directors,
which shall have the right TO purchase them
for the benefit Of the corporation within hve
days thereafter, at their book value as shown
by the stocktaking last preceding the trans
fer. All shares purchased by the corporation
may be reissued by it at not less than their
par value.
Article IV-The capital stock of this cor
poration may. complying with all the re-
auisites OF the law, be increased to the sum
of one hundred thousand dollars C$l0O,0o0o).
Article V.-The domicile of this corpora
State of Louisiana. where all citation or
other legal process shall be served on the
president, in his absence, as the law d.
reefs
Article VI.-This corporation shall have and
enjoy succession and duration for period
of ninety nine years from the date hereof.
Article VII-Au corporate powers Of this
corporation shall he vested in and exercised
by board of directors, composed of three
stockholders, who shall be bona fide owners
of the stock standing in their names, and
which stock shall be unpledged and unen-
numbered by them; two OF which directors
shall constitute a quorum for the traussc-
ton OF all business.
Until the first Monday of October. 1917,
the following named persons shall constl-
tute the board Of directors of this corpora
ton, to-wit:
Horace P. Wall, whose post-ofice address
is CAS- Carondelet street, New Orleans, La
l3J Camp street, New Orleans, La; and
Numa E. Bertel. whose post-office address is
care of Whitney Central National Bank, COR
ner of St. Charles and Gravier streets, New
Thereafter, the board of directors shall be
composed Of three stockholders who shall be
elected annually, beginning on the hTst
Monday of October, 1917; any stakeholder
shall be eligible TO membership without re-
gard TO the number of shares owned by him.
All elections shall be by ballot, and each
stakeholder shall be entitled to one vote for
each share of stock standing in his name on
the books of the corporation; the vote TO De
cast in person or by proxy; il shall require
a majority Of stock present, or represented
to elect. Failure TO elect board OF dIrec-
tors on the first Monday of October, 1917. or
thereafter, shall not work forfeiture OF this
charter but the old board Of directors shall
remain in Office until their successors are
Article VIIi.-The board of directors shall
hold regular meetings at the domieile OF the
corporation, or, with the written consent OF
all the directors, elsewhere, within or with
out the state of Louisiana, at such time as
may be fixed by the bylaws OF this cor
poration. .,
directors, either from death. resignation or
inability TO serve, shall be filled by the
board Of directors at its next meeting after
such vacancy shall have been brought to its
Article Ix.-The officers of this corpora.
ton shall consist OF president, vice-pres.
ident, a secretary, and treasurer, each OF
whom. with the exception of the secretary,
must be a stakeholder; the secretary may or
may not be stakeholder. the offices OF
secretary and treasurer may be held by one
and the same me-, person; Until the election to
shall constitute the officers Of this corpora
ton: Horace P. Wall, as president; Numa
+. Bertel, as vice-president and James M.
Wall, as secretary treasurer.
Article Kin furtherance of the above
enumerated powers, and of the powers con-
ferred by the laws Of this state, and not
in limitation thereof this corporation shall
(a) To invest, as it does hereby invest,
the above named directors, and their sue
cessors, with all corporate powers;
CD To have succession in its corporate
name for the time above specified;
(e) To sue and be sued by its corporate
name in any court of competent jurisdiction;
Id To make and a common seal, and
TO alter the same at pleasure;
(e) To acquire property by grant, gift and
purchase; and to lease, hold, or to dispose
of. and to mortgage and pledge the same;
To az ar,1
the business of this corporation may require;
and to FIX their compensation;
Ig) To make bylaws, fixing and altering
the management Of its property, the regula.
tion and government of its affairs, and the
manner and certihcation OF its stock;
th) To wind UP and dissolve itself;
ID To conduct business in this state or
other states, the Federal Districts and Ter.
Iitories, and the possessions of the United
States. and in Foreign countries;
% To hold stock in other corporations:
be issued for the capital stock Of other cor
porations.
Article XI.-This charter may be altered
and amended in any manner, including the
increase or decrease of its capital stock, and
the affairs of the corporation wound up and
dissolved in the manner, and on complying
with existing laws
The incorporators have placed opposite
their respective signatures the number of
shares OF the capital stock for which they
each have. respectively, subscribed; which
is TO be taken and considered as the orig.
inal subscription list Of this corporation.
and which is to be recorded as such. The
post-office addresses of all Of said sub
scrfbcrs, thew composing the board Of diree-