The herald., 1916-02-03
CHARTER
OF "ALGIERS SCRAP MATERIAL co
INC. "

INC"
/ United States of .,..-;c, S,,,, r.-.
J,,y Of New, O-iears - d
u
ne u SHOWN mat on ms fourth day OF
! '"s '""n'h "i January IN the year one thou
I IiHu' mug IuhuIed ana sixteen, before me,
/ l'HN ; 'eNionN notary pubic duly COM
/ missioner ana sworn II ana TOR the parish
W means Guy OF Ne" D..tduS, therein re
>'H'"s' personally appeared: The persons
{ N"S'C names are hertun'o subscribed, who
We '".tu mat AZ lIihE themselves OF the pro-
VISIONS OF me laws oi tins state, relative TO
, me organization Of corporations, and more
"a -: "':.'S N'I 20 OF ihe ,enerai Assembly
"' '"l> n'5'c' approved July y, 1914, they have
presents r,vrra,,, ana 80, ~, =! 'n'SS
constitute ,lrrr,,i,,s o, LII '-'.' - a..i
son, who ma, brr,.Sf,,- ;,;,, 10, i 80 pc
,-rarrH With ,b.,, ~, ~ -. -
r,Iiri, IN I,,r 49, ~ l..'"'.oI' anu o'dy
and ri.,f.- ,ls .,.r-...,r,.,,,s ~ 49,
f,1Iovrrg tout. ' ''f'''''''''
,.-r
M..'' /, inc name and style OF this cor
p''aTDh Sh'' he, 'AIsiers Scrap Material
70; me- ana under ihat name II shall have
go ''.'F "'' INC tAa''' advantages and
L'N''h'' k'"".e" ny law 10 corporations,
snaIi exist Tor the period Of ninety-nIne
e'..."' = sue ana 'e sued IN rs corporate
.t'.'o, 10 MAKE ana use corporate seal. and
t Luz >....' J." oie"H OF AFTER NJ pleasures; 70
,Ic,.,' ir",I..'>e, convey mortgage ny,
vl>'.'I.' 10 i>>He ponds notes and Other OBJ
,,-i i',o.s VI uySouAoIe instruments; to have
laI .'"p',i >uIh managers directors, othcerS.
"a ,,' anu 80 C"P'oNTs as the interest
'.u No'N e'icuSe 81 Nald corporation may
iSf'T "' "'"E'H"' l" make ana establish
,-'ol Nv '.",, ruIeH ana regulations Tor the
r,,-'''lNeI-Cil ana 'on'Tol "i the at,
,'cress,r,, ~ 1,.," "S may De deemed
necessary or exponent
Article 1.-The domiGile Of said corpora .
~ sn"lI De e>'aoished IN the city OF New 4.
=; l.v'',, H,5le OF louisiana ana al! cita- F.
u, anu o,iSI Itsat process snail be served
- " T ~ MI absence on me wee
plNoIuS"'' ana III 'he absence OF Doth, on the I
'Iie'afy treasurer
Article lll.-The objects and purposes for
which this corporation is formed. and the ma.
.ure Of the business 10 be carried on by it.
are hereby declared TO be: to deal in corsigr !
and receive consignment, scrap iron, met
ais and paper stock Of every description, and
generally to engage in and carry on any other
enterprise or business which may be ger
name incidental to, or connected with the /
purposes herelnabove set forth or contem-
dated by this charter.
Article lN.-The capital stock of this cor.
'oratlon Is fixed at the sum of five thousand
S5,OO0OO) dollars, divided into ffty shares
Nj shares OF stock shall be full paid and
ION asSeSsable. No transfer OF stock shall
'e binding upon the corporation unless made
lpon its books. and all certificates of stock
6
designated by the board Of directors
This corporation shall have the right 70
Increase its capital stock TO the further sum
twenty-five thousand dollars TO be di-
Ided also into shares of one hundred CslOO
OllarS each, provided said increase in the
apital stock shall have been authorized by
he stockholders at a meeting to be held pur- |
uant to the provisions of Article V, of this
harter. (
Article N.-All the corporate powers of the
Ompany shall be vested in and the man. |
cement and control of its affairs shall be
xercised by, board of directors composed I
I three stockholders, the membership of
Inch board may be increased TO five Arc
laJority of the directors shall constitute a c
uorum for the transaction of all business /
he directors shall be elected annually bv | :
allot, by the stockholders, on the second b
tuesday, in January, in each year. Each stock n
older shall be entitled in person or by a
roxy, TO a vote for every share owned by 0
i'm, and all elections shall be held under =
lch rules and regulations as may be deter i
lined by the board Of directors, after ff- I
zen days notice by mail of such election Il
lall have been sent TO each stakeholder at :
IS last known address. The directors thus p
ected shall continue in office for one year,
until their successors shall have been duly q
ected and qualified No failure to elect shall :
regarded as a forfeiture of this charter. o.
ny vacancy occurring on said board shall :
, hlled by the remaining directors for the a
leNpired term; the said board shall like 81
Use elect the additional members in case OF
ey should determine TO increase the num- p
r OF said board Said board of directors OF
al! at its first meeting after its election,
inmate out OF ITS number, president, a W
ce-president and a secretary treasurer. Said n
ard snail have the right to consolidate any al
% OF the sald ofhces into one, as also the OF
sht to appoint and dismiss such clerks, 81
inasers ana other employees OF the corpora q