The herald. [volume] (New Orleans, La.) 1905-1953, 1917-10-18
CHARTER OF
MUTUAL SCRAP IRON COMPANY, INC

MUTUAL SCRAP kun IOhfAN u Inv
Un,:ru States Of America, State Of Louls''
ana. Parish OF Orleans, City otNew OF-
BE II known that on this, the 10Th day
Of the month Of September in the year OF
o-,- Lord One Thousand. Nine Hundred and
Seventeen, and Of the Independence Of the
United States OF America, the One Hundred
and Forty Second before me, Alfred Charles
Hammer, notary public IN and Tor me
Parish 81 Orleans, State OF LOUISIANA uu'S
presence OF the witnesses hereafter named
and urie-si gucd personally came and ap-
peared the parties whose names are unceI-
signed. who do declare that, avaiiing them
selves Of the provisions OF the laws OF ms
state relative to the organization OF corpora
tiouS and especially the provisions OF Act No.
hi. passed by the General Assembly OF the
state OF Louisiana, during the year 1914, the
laws amended thereby; and the avs eN'sllns
in this state other than the said act they
have convenauted and agreed, and DO by
these presents covenant and agree, ana oinI
themselves, their successors. their hciTs anu
assigns and form themselves into and CON
t;tute themselves and their successors cor
noration for the objects and purposes fol-
lowing. to-wit:
Article The name and title Of this cor
no-a,ion shall be Mutual Scrap Iron Com
many Inc, and under the said corporate
name. il shall have all the powers and au-
thoritv granted by the laws OF this state
ard not expressly withheld from corporations.
Article 1.-THE object and purposes OF this
corporation are declared. generally, to De
the buving and selling Of machinery OF az
classes, new and second hand, as well as al
| classes Of metals, new and second hand
and all other business connected theTewith;
/ growing out Of and necessary, or deemed
| propcr for the said objects and purposes
| and in so doing, the said corporation shall
have the power to purchase real, persona
and mixed property, and the same to hoIC
at It's pleasure. =.
Article III.-The present amount OF T th'
capital stock Of this corporation IS Iel
| Thousand $lnmocO Dollars, divided int
one hundred goo, shares Of the par valu
Of One Hundred Dollars 10000 each; an
certificates for either whole or fTactiona
shares NAV be issued. Said stock shall b
oayable in cash. or property of value, a
nroyided under the laws of this state.
The amount to which the present capita
stock Of this corporation may be increase
i hereby declared to be One HundTe
Thonsand Csl00.C0cO Dollars. TO be repre-
sertcd bv certificates OF stock Of the pa
value Of One Hundred $4,000 Dollars esci
All Of the stock Of this corporation sha
| be common stock, and the oorpor9tion sna
commence business as now provided ny Jaw;
Fash share % stock shall entitle the hoId'
thereof 70 one vote to be cast either pc
| sonally or by written proxy; and each ira
,roral share shall entitle the holder the'e
70 such fractional share OF one VOC d
| -enrescnted by the fractional share 81 stocl
] Article IE-And said stock shall De on
, c,r.i,Irv NJ conditionally the subject Of sa
! and transfer, ard no stock presently su
sc-Ibed for or Isued. or hereafter suo'cf'o'
for ,- issued shall he the subject OF sale
.-,,sFe- except only after the subscriber
owner shall first have offered the said sto'
Il flr sale 70 the stockholders than holding an
owning the balance Of the stock oi TINS CO
poration by a written oiier ioT e.. IN,
'hfrtv GOi days. addressed 70 said stoc'
holders Of record upon the stock reg 50
or stock books Of this corporation. at the IA
address shown :hereupon; which said OH
shall he al the book value ot the sara 500
a. shown bv the books OF the corporate
a. the next preceding annual meeting
4 which price and for which term, any OF d
II the existing stockholders shall be enriI'
20 purchase the whole or proporuona! pa
thereof. during the said term OF t1irty -
| days. and This provision and condition.
| - the sale transfer, resale or re-'fansi
~ The stock Of this corporation Is present
agreed % by all Of the sn1Ncripe % y
stock OF this corporation on their o"9 .
halls as well as on behalf OF their nei,
assignS and successors. and IS accepted
them as a material provision and condiu
Of the subscription 70 the stock IN this CT
Articie V.-The donicile Of this co-po-
State Of Louisiana, and all citation or ON
legal process shall be served upon the pre-
dent or other officer or agent now autnoI
ed by law 70 receive service OF process.
Article l. MS COY POI f-.'.t4 7.'''-'
so- TEN Of ninety-rine (g9l wears. un!e
liquidated prior thereto as provided by lay
Article VTII.-AN corporate powers OF .
CORPORATION shall be exercised by and tn-oN
Board O. Directors % Be composed OF
: less than three 90 nor more than seven
stockholders. which said directors snail Aa
. ne right 70 vote either IN person or
y w-;,.eT p-oxy. The officers Of This corPo
Y lion shall be a President, Wee P5g re 1r
and \ Secretary and Treasurer; and m.
A .lar one office may be held by one mem'
TIE corpora:e powers shall also be ex
cised bv the officers Of this corporation
accordance with the general laws % :
=, state. ard the bylaws Of this corporation.
The officers for he ensuing year are
~ cIa-ef % be: Asa T. Sibley Pres lde-'; Lte'
4. Otis, Vice President. and ;. 10:
Re'knap. Secretary and Treasure. -.
The said officers shall act and h2d or
I'm until their successors are elected, ana
The event Of failure to elect officers at
e annual election, he officers then actinz
The said corporation shall hold Gfaces "a
A | elected and nave ca