The herald. [volume] (New Orleans, La.) 1905-1953, 1916-10-19
CHARTER
OF II. p. WALL & co. INC.
STATE OF Louisiana. Parish of Orleans, Cit
Of New Orleans.

Be it known, that on this second day of
the month of October. IN the year OF our
Lord one thousand, nine hundred and SIX:
teen and OF the Independence OF the nited
States Of America. the one hundred ana
ftrty-f-s-, before me, Roger Meunier, no.
ftrv public in and for the Parish OF Or
leans. therein residing, and in the presence
co.; the witnesses hereinafter named and I'M
drr>iguri: Personally came and appeared;
Mr,sTs. Horace p Wall. James NJ. Wall and
Numa l. Bertel, all OF the full age OF ma
iprity, and residents OF the city OF New
Orleans. who severally declared that, avail:
ing themselves Of the laws OF the State of
Louisiana. ard particularly of the provi-
sious Of Act No. Dol, OF the General Assem-
bly, of 1914. relative to the formation OF cor
porations, they have covenanted and agreed
and by these presents do covenant and agree,
f1- themselves and their successors and as
signs. TO form themselves into corporation
and 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 he II. T. Wall & Co, Inc.
Article 1.-THE purposes and objects for
which this corporation Is organized ana tAe
nature OF the business TO be carried on by
n. arc stated and declared 10 he a. follows.
To manufacture. and TO buy aud sell, trade
and deal III, at wholesale or RETAIL groceries,
provisions, food supplies, produce, wares,
merchandise and articles OF domestic and
household use; cigars, cigarettes ana all
other forms and products Of tobacco: candies,
and all OtnCT NOniCGllOiSs sui ulAhhS
and beverages; to purchase, acquire and sell
any and all patent rights and improve meth.
ods, processes and machinery, plant and
properly necessary and proper for the trans
action and carrying on of said businesses
and all its branches: to 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
lnesses, and to pay for the same IN cash,
stock OF this corporation, or otherwise.
Article III-The capital stock OF this cor
poration is hereby fixed at the sum OF twenty
Thousand dollars, (S0mOU), divided into
two hundred shares of the par value of one
hundred dollars, (Sl000m, each, TO be paid
for IN cash, its equivalent IN labor or
property. This corporation shall be gong
concern as soon fifty per centum OF SAID
capital stock shall have been subscribed for,
and fifty per centum of the amount SO sub:
scribed actually paid in. All transfers OF
stock shall he made the books OF the
corporation, by surrender OF the original GER
thcate, properly endorsed for cancellation
by 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 hrst
offered the same to the board of directors,
which shall have the right 10 purchase them
for the benefit OF the corporation within hive
days thereafter at their book value as shown
by the stocktaking last preceding the trans
Ter. 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
poraton may. on complying with all the re-
quisites Of the law, he increased to the sum
Of one hundred thousand dollars tSlOOOOOO).
Article N.-The dOmicile OF this corpora
ton shall be in the city OF New Orleans,
State of Louisiana, where all citation or
other legal process shall be served on the
president, in his absence, as the law di-
reefs.
Article VI.-Ths corporation shall have and
enjoy succession and duration for period
Of ninety-nine years from the date hereof
Article VII.-An corporate powers of this
corporation shall be vested in and exercised
by a board of directors, composed OF three
stockholders, who shall be bona hde owners
OF the stock standing in their names, and
which stock shall be unpledge1 and unen-
numbered by them: two of which directors
shall constitute a quorum for the transac-
ton of all business.
Until the first Monday of October, 1917
the following named persons shall consti'
tute the board of directors OF this corpora
tion, to-wit:
Horace F. Wall, whose post-ofice address
is 645 Carondelet street, New Orleans, La:
lanes VI. Wall, whose postoffice address j:
1873 Camp street, New Orleans. La. and
Numa f. Bertel. whose post-offce address i:
care of Whitney Central National Bank, cor
ner Of St. Charles and Gravier streets, New
Orleans, La.
Thereafter, the board of directors shall b
composed of three stockholders who shall b'
elected annually. beginning on the frs
Monday of October, 1917; any stockholde
shall be eligible to membership without re
gard to the number of shares owned by him
All elections shall he by ballot, and each
stakeholder shall be entitled to one vote 10
each share of stock standing in his name OF
the books of the corporation; the vote to b.
majority of stock present, or represented
TO elect Failure to elect a board of direc
tors on the first Monday of October, 1917, o
thereafter shall not work forfeiture of thi
hut he old hoarI Of directorS shall
remain in Office until their successors ar
elected and qualified
Article VIII-The board of directors shall
hold regular meetings at the domicile OF tn
corporation, or, with the written consent o
all the directors, elsewhere, within or with
out the state Of Louisiana, at such time a
may be fixed by the bylaws of this cor
poration.
Any vacancy occurring In the board o
directors, either from death, resignation o
inability TO serve, shall be filled by TIL
board Of directors at its next meeting ate
such vacancy shall have been brought to it
knowledge.
Article IX.-The officers of this corpora
tion shall consist OF president, a vice-pres
ident, secretary, and treasurer, each o
whom. with the exception of the secretary
must be a stakeholder; the secretary may o.
may not be a stakeholder; the offices o
secretary and treasurer may be held by on,
and the same person. Until the election 4
be held in 1917, the following named persons
shall constitute the officers of this corpora
ton: Horace P. Wall. as president; Nun.
r: Bertel, as vice-president, and James NJ
Wall, as secretary treasurer.
Article Mn furtherance of the abov,
enumerated powers, and of the powers con
ferred by the laws Of this state, and no
in limitation thereof, this corporation shall
have the following powers:
Ca) To invest, as it does hereby invest
the above named directors. and their sue
cessors. with all corporate powers:
Oh To have succession in its corporat
name for the time above specified;
(c) To and be sued by its corporat
Id To make and use a common seal, an
20 alter the same at pleasure;
(el To acquire property by grant, gift an
purchase; and TO lease, hold, TO dspos
of, and TO mortgage and pledge the same;
81 To appoint such officers and agents a
the business OF this corporation may require
and 10 fix their compenSation;
(gl To make bylaws. fixing and alterin
the management of its property, the regula
tion and government OF its affairs, and tn
manner and certihcation of its stock:
th) To wind up and dissolve itself;
90 To conduct business in this state o
other states, the Federal Districts and Ter
rtories, and the possessions of the Unite
States, and in Foreign countries;
ID To hold stock in other corporations
and the capital stock OF this corporation ma
be issued for the capital stock OF other col
porations.
Article XI-This charter may be altere
and amended in any manner. including III
increase or decrease of its capital stock, an
the affairs Of the corporation wound up an
dissolved in the manner, and on complyin
With eNiefiuo laus