The herald., 1917-10-25
CHARTER OF

SnAR vi
MUTUAL SCRAP IRON COMPANY, INC.
Unted States Of America, State of Louisi-
l ana. Parish Of Orleans, City ofNew Or
leans.
D, it known that on this, the 10Th day
d the month OF September in the year of
our 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, a notary public in and for the
Parish Of Orleans, State of Louisiana duly
commissioned sworn and qualified, and in the
presence Of the witnesses hereafter named
and undersigned personally came and ap-
pared the parties whose names are under
signed, who do declare that, availing them
selves Of the provisions Of the laws OF this
STATE relative to the organization of corpora
tons and especially the provisions of Act No.
", passed by the General Assembly of the
STATE Of louisiana, during the year 1914, the
laws amended thereby, and the laws existing
10 this state other than the said act they
have eonyenanted and agreed, and do by
tAese, presents covenant and agree, and bind
Themselves, their successors, their heirs and
assigns, and form themselves into and con-
.situie themselves and their successors a cor
pcr.ticn for the objects and purposes fol-
bwins, to-wit:
Article 1.-The name and title of this cor
psation shall be Mutual Scrap Iron Com
pny Inc, and under the said corporate
ssne, Il shall have all the powers and au-
thorty granted by the laws of this state.
snd not expressly withheld from corporations.
Article 1.-The object and purposes of this
esrporsiion are declared, generally, to be
ne buying and selling of machinery OF all
classes, new and second hand, as we'll as all
classes Of metals. new and second hand;
and all other business connected Herewith
growing out Of and necessary, or deemed
proper tor the said objects and purposes;
sad IN so doing, the said corporation shall
mw the power to purchase real, persona,
na mixed property, and the same to hold
Il It's pleasure
Article III.-The present amount of the
s,p',al stock Of this corporation is Ter
thousand Sim0) Dollars, divided into
one hundred Q0o) shares OF the par value
o. one Hundred Dollars O0o.oO) each; anC
esrnheates for either whole or fractiona
mares may be issued. Said stock shall b'
pysoie in cash, or property of value, a.
revided uhder the laws of this state.
ne amount to which the present capita
eoes Of this corporation may be increased
hereby declared to he One Hundred
Issusand Cl0.mo.00) Dollars, to be repre-
Nn'ed BY certificates Of stock of the pa
wave Of One Hundred $4,000 Dollars each
Al Of the stock of this corporation shal
g common stock, and the corporation shall
@nrenee business as now provided by law.
R tsh share Of stock shall entitle the holde
aefecf 70 one vote 10 be cast either per
sraly or by written proxy; and each frac
u'ns mare shall entitle the holder thereoo
ssuch fractional share OF one vote as J
"resented by the fractional share Of stock
Article Wand said stock shall be onl'
snualy or eouditionally the subject OF sal
~ transfer, and no stock presently sub
noed Tor or Issued. or hereafter subscribe
ALL L.. ~. 81
.nNef, except only after the subscriber o
ae shall first have offered the said stoc
sAe 70 the stockholders than holding an
nns TIE balance of the stock of this COZ
S.aon ~ written offer for a term Q
10y C0l days, addressed TO said stock
ss OF record upon the stock registe
ssi cck books Of this corporation, at the las
49, SHOWN thereupor; which said otfe
oe at the book value of the said stoc
aovn oy the books Of the corporatio
- next preceding annual meeting, :
priee and for which term, any or a
!, existing stockholders shall be entitle
xhase the whole or a proportional pa
S'l during the said term of thirty ~
- and this provision and condition, q
sale, transfer, resale or re-transft
stock Of this corporation is present.
80 ssd to BY all Of the subscribers TO II
"a Of this corporation on their own b
So well as on behalf of their heir
and successors. and is accepted b
material provision and corditio
rs subscription to the stock in this CO
uee V-The domicile Of this corpor
mali be in the city Of New Orlear
- louisiana, and all citation or 9TH
roee:s shall be served upon the pres
otnef officer or agent now authori
nv TO receive Service of process.
N-This corporation shall ext
ZEN OF ninety-nine COZ years, unle
T.s;ed prior thereto as provided by Law
e-sss,e slil.-All corporate powers Of IN
L-1on shall be exercised by and throui
OF Directors to be composed of n
e..ls.ssa three (O nor more than seven
S, which said directors shall ha'
9n' to vote either in person or
proxy The officers of this eorpor
- . De President. Vice Presider
]>1x seeretary and Treasurer; and mo
E siiiee may be held by one memb