The herald. [volume] (New Orleans, La.) 1905-1953, 1916-11-02
CHARTER
OF II. 2. WALL & co. INC.

Lord one thousand. nine hundred and six
teen, and Of the independence Of the United
States OF America, the one hundred and
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 I'M
Nc,Srs. Horace =. Wall, James NJ. Wall and
Numa +. Bcr'el. all Of the full age Of ma
jority, ard residents of the city OF New
Orleans, who scverally declared that, avail:
ng themselves Of the laws OF the State OF
Louisiana, and particularly Of the provi- |
Slons of Act No 2c7, OF the General Assem-
porations, they have c0venanted and agreed, |
and by these presents do covenant and agree,
for themselves and their successors and as
signs to form themselves into corporation
and BODY polite. for the objects and pur-
poses. and under the stpulationS following
to-wit:
Article 1.-The name and title Of this cor
pOration shall be H. 7. Wall Co, Inc.
Article 1.-THE purposes and objects for
which this corporation IS organized, and the
nature of the business TO be carried on by
IT., are stated and declared to be follows:
TO manufacture, and to buy and sell, trade
and deal in, al wholesale or retail, groceries,
provisions, food supplies, produce, wares,
merchandise and articles of domestic and
household use; cigars, cigarettes and all
other forms and products OF tobacco; candies
cakes and all other CONNECTIONS; soft drinks
and beverages; to purchase, acquire and sell
any and all patent rights and improve meth
property necessary and proper for the trans
action and carrying of said businesses
and all its branches; to acquire and under.
take all any OF the business, assets and
liabilities of any firm, association
porstion engaged in a like business, or bus
nesses, and TO pay for the in cash,
stock OF this corporation, or otherwise.
Article III.-The capital stock of this
poration is hereby fixed at the sum of twenty
thousand dollars. (S0,00O0), divided into
two hundred shares OF the par value of one
for in cash, or It's equivalent in labor or
property. This corporation shall be going
concern soon as 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 be made on the books OF the
corporation, by surrender Of the original GER
tiicate, properly endorsed for cancellation
by the stakeholder, 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 to purchase them
for the benefit Of the corporation within 1--WE
days thereafter. at their book value shown
by the stocktaking last preceding the trans
fer. All shares purchased by the corporation
may be reissued by 1t at not less than their
par value.
Article IV.-The capital stock of this
poration may, complying with all the re-
quistes of the law, be increased to the sum
OF one hundred thousand dollars ($lO0,0O0.00).
Article V.-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, or in his absence, as the law d.
reefs.
enjoy succession and duration for period
Of ninety mine years from the date hereof.
Article VII.-All corporate powers of this
corporation shall be vested in and exercised
Z IL lf NhrRA
stockholders, who shall be bona hde 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 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 p. Wall. whose post-ofhce address
is 645 Carondelet street, New Orleans, La:
James NJ. Wall, whose post.ofhce address Is
l0 Camp street. New Orleans. La; ana
Numa E Bertel, whose post-oftce address is
care of Whitney Central National Bank, cor
ner Of ST. Charles and Gravier streets, New
Orleans. La.
Thereafter, the board of directors shall be
composed Of three stockholders who shall be
elected annually, beginning on the hrsi
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
stockholder shall be entitled to one vote fol
each share of stock standing in his name on
the books Of the corporstion; the vote TO DC
cast in person or by proxy; 1t shall require
majority of stock present, or represented
to elect. Failure to elect board OF dIrec
tors on the first Monday of October. SlT, OF
thereafter. shall not work forfeiture Of this
charter, but the old board OF directors shal
remain in office until their successors are
elected and qualified.
Article VIII.-The board of directors shall
boid al dOulCile
corporation, or, with the written consent o.
all the directors, elsewhere, within 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.
board Of directors at its next meeting afte
such vacancy shall have been brought to 1T
knowledge.
Article IX-The officers of this corpora
ton shall consist OF a president, vice-Pres
ident, a secretary, and treasurer, each o
whom, with the exception of the secretary
must be stakeholder; the secretary may o
may not be, a stakeholder; the Offices Q
secretary and treasurer may be held by on
and the same person Until the election &
be held in 1917, the following named person
shall constitute the oiheers OF TINS corpora
ton: Horace p. Wall, as president; Mum.
4. Bertel. as vice-president, and James M
Wall, as secretary.treasurer.
Article Kin 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:
(a) To invest, as II does hereby invest
the above named directors, and their sue
cessors, with all corporate powers;
CD To have succession in its corporst
name for the time above specified:
(c) To sue and he sued by its corporal
name in any court OF competent jurisdiction
Id To make and use a common seal, an
10 alter the same at pleasure;
(e) To acquire property by grant, gift an
purchase; and to lease, hold, or to dispos
of. and to mortgage and pledge the same;
% To appoint such officers and agents a
the business of this corporation may require
and to FIX their compensation;
(g) To make bylaws, fixing and alterin
the management of its property, the reguls
tion and government of its affairs, and tn
manner and eertihcaton of its stock;
(h) To wind up and dissolve itself:
G) To conduct business in this state, Q
other states, the Federal Districts and Tel
ritories, and the possessions of the Unite
States, and in Foreign countries;
% 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 IN
increase or decrease of its capital stock, an
the affairs of the corporation wound up an
dissolved in the manner, and on complyin
with existing laws.