The herald., 1917-11-29
CHARTER


OF THE DUNDEE BURLAP COMPANY.
INCORPORATED"
United States of America, State of Louisi.
ana, Parish of Orleans.
be 1t known, that on this Path day of o.
| tober, enc thousand nine hundred and sew
| eHteen Q9lO and of the Independence of the
United States of America, the one hundred
and forty-second, before me, Thos. E. Furlow,
a notary public in and for the Parish of
Orleans, State of louisiana duly commits.
sioned sworn and qualified and in the pres.
eace OF the witnesses hereinafter named and
undersigned, personally came and appeared,
| the several parties whose names are here.
| unto subscribed, who severally declared that.
awaiting themselves of the provisions of the
| laws of this State relative to the organiza.
ton OF corporations, they have covenanted
and agreed, and do by these presents, cove
| nant, agree and bind themselves and those
who may become hereafter associated with
them, to form themselves into a corporation
| tor the objects and purposes, with the name
and under the stipulations following, to-wit:
sha be s 5ed p s5ys Of this
Company, Incorporated" and by said corpo-
| rate name 1t shall have and enjoy corporate
succession for period of ninety-nine years
from the date hereof, unless sooner dis
solved, and shall have all the rights, priv
ileges and inimunities granted by law to
corporations.
Article 1.-THE domicile of this corpora.
ton shall be in the City of New Orleans,
| shall be served as the law directs.
Article lII.-The objects and purposes for
which this corporation is formed are hereby
declared to be: The importing and exporting
and buying and selling of burlaps and lutte
products; the manufacturing, buying and
selling burlap bags, both new and second
hand, Jute twines, burlaps, yarns, ties, fax
or hemp twines, cotton bags and bags or
of all kinds, and iron, brass, copper, and
other metals, and bag machinery; to buy
and sell any other kinds of merchandise the
management may see ht; to act as agents
ior otner parties, hrms or corporations for
any OF the articles above set forth; to re-
ceive goods on commission and to sell the
same, and generally to hold and exercise all
such incidental powers and privileges rela-
tive to the objects heretofore set forth and
to carry on any other business incidental TO
or pertaining to its purposes.
Article lV.-The capital stock of this cor
poration is hereby declared to be ten thou.
sand dollars (Sl0,0o0OO) and may be increased
to two hundred and fifty thousand dollars
(S250,OO00O( which said shares of stock shall
be divided into and represented by one hun
dred Goo shares each of the value of one
hundred dollars $4,000, which stock shall
be payable in cash may be issued in
payment OF property purchased or for SER
vices rendered to this corporation.
Article V.-No stakeholder may sell, as
sign or transfer his stock in this corpora
ton without giving to the corporation,
| in writing of such intention, and the other
| stockholders shall have the first privilege of
purchasing the said stock at the book value
thereof for period of thirty days from said
notice, after which thirty days notice the
| said stock may be sold in the open market.
Article VI.-AH the corporate powers of
this corporation shall be vested in and exer-
| cised by Board of Directors elected from
constitute a quorum for the transaction Of
any and all business. The said board shall
consist of three directors.
On the first Monday in January, 1918, and
annually thereafter, general meeting of the
| of electing directors for the ensuing year,
| Said election shall be by ballot at the domi-
| cile of the corporation and the shareholders
| receiving the highest number of the votes
| cast shall be declared elected. Each share
| of stock shall be entitled to one vote, wheth.
| er holder thereof is present or represented
by written proxy.
Immediately after election, the said direc.
| tors shall select from their number Presi.
| dent, Vice President, Secretary and a
Treasurer.
Article VII.-Notice of all meetings Of
| stockholders for election of officers or for
any other purpose shall be given in writing
at least fifteen days before such meeting
is held, and directed to each stakeholder to
his name and address as the same shall
appear upon the books of the corporation.
all of the stockholders appearing as such
on the books.
At all such meetings every stakeholder,
whether present in person or by proxy, shall
be entitled to one vote for each share of
stock standing in his name on the books
of the corporation, and a majority of the
votes so cast shall be sufficient to elect or
decide all questions voted upon.
Article WILING stakeholder shall ever
be held liable or responsible for the con-
| tracts, faults or debts of this corporation in
any further sum than the unpaid balance
| due to the corporation on the shares of stock
| subscribed for by him, nor shall any mere
informality in organization have the effect
| of rendering this charter null or Of exposing
a stakeholder to any liability beyond the
unpaid balance due upon said stock.
| Article KIN case this corporation Is
| liquidated two legislators shall be appointed
/ from among the stockholders who shall have
authority to sell and dispose of the asset.
of the corporation and to wind UP its bust
| ness.
| r M r. m