The herald., 1917-11-15
CHAR TER
OF THE DUNDEE BURLAP COMPANY
INCORPORATED.

CHARTER
| OF THE DUNDEE BURLAP COMPANY
INCORPORATED"
United States Of America. State OF Louis.
| ana, Parish Of Orleans.
| he 1t known, that Oh this 18th da, Of Co.,
| tJJCr, one thousand nine hundred and sgy.
| c.tr-u u9EJ and OF the Independence Of a,
| tntttd States OF America, ;ur one hundred
| and iJTty-second, before me, Ih,s. +. la!4g%,
| notary public in and Tor the Parish q,
| Orleans, State OF louisiana, duly comm, IS.
! stoned, sworn and qualified and IL the pres
C;.Ct OF the witnesses hereinafter named AID
/ undersigned, personally came and appeared
| me several parties whose names are mere.
| unto subscribed, who seyerally declared TINT
aValllng themselves VI the provisions OF tn,
laws OF this State relative to the organic.
| tion OF corporations, they have C0yeuanteg
ard agreed, and do by these presents, cove
udnt agree and bind themselves and those
VINO may become hereafter associated with
them, 10 form themselves into a corporation
ioF me OBJECTS and purposes, with the name
anu under the supuldtlOnS following, tO-wIt.
Article The name and style OF this
corporation shall DC, The Dundee Bu-Iag
company, Incorporated" and by SAID corpo-
rate EdHe Il snail have and enjoy corporate
succession 1OT 4 period OF uIueiy-nlue years
RON the date hereof, unless sooner DIS
solved, and shall have al tae rights DIV.
ieseS and IWmunlIIeS granted by law to
corporations.
Article 1.-The domicile OF this corpora
lon snail De IN the City Of New Orleans
and al citations and other legal process
snail be served the law directs
Article III.-The objects and purposes for
winch TINS corporation Is formed are hereby
declared 10 De: The importing and exporting
and buying and selling OF burfaps and Jute
products; the manufacturing, buying and
se4Iing OuTiap bags, both new and second
haHd' int twlnes, 0urIaps, yarns, ties, FAX
or hemp twlneS, cotton bags and bags or
sacks OF all kinds; to buy and sell Junk
u all Kinds, and iron, brass, copper, and
otheT metals, and bag machinery; to buy
and sell any other kinds Of merchandise the
management may see mt; to act as agents
Tor yther parties, nruS or corporations for
any OF the articles above set forth; TO re-
ceIVe goods on commission and 10 sell the
same, and generally to hold and exercise all
such incidental powers and privileges rela-
tive to the objects heretofore set forth and
10 carry on any other business incidental 10
Or pertaining TO Its purposes.
Article IV.-The capital stock of this cor.
poraton Is hereby declared to be ten thou
sand dollars (SlU,UUUU) and NAV be increased
10 two hundred and fifty thousand dollars
lSZ5U,UOUOl which said shares OF stock shall
De divided into and represented by one hun
urea NOo) shares each Of the value of one
hundred dollars $1,000, which stock shall
De payable IN cash or may be issued IN
payment OF property purchased or for ser
''NSS 4SluSlSu 10 lllS corporation.
Article N.-No stockholder may sell, as
sign Or transfer his stock in this corpora.
ton without giving TO the corporation
through ITS Secretary, thirty days prior notice
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 a period of thirty DAYS from said
notice, after which thirty DAYS notice the
said stock may be sold in the open market. |
Article Nl.-All the corporate powers OF |
TINS corporation shall be vested in and exer- |
cIsed by Board of Directors elected from |
among the stockholders; two of whom shall
constitute a quorum for the transaction of |
any and all business. The said board snail
consist OF three directors
On the first Monday in January, 1918 and
annually thereafter, general meeting OF the !
stockholders shall be held for the purpose /
Of electIng directors for the ensuing wear
SAID election shall be by ballot at the DOM
Gle 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-
tr holder thereof Is present or representedI
by written proxy.
Immediately after election, the said direc-
tors shall select from their number a Presi.
lent Wee President, Secretary and
Treasurer.
Article VII.-Notce of all meetings oil
stockholders for election OF officers or fori
any other purpose shall be given in writingI
~ the Secretary TO be deposited in the mail,
II least htieen days before such meetingi
5 held, and directed to each stakeholder 10
MS name and address as the same shall
appear upon the books of the corporation,
iniess SAID notice is waived in writing bv
III OF the, stockholders appearing as such
IN the books.
AT all such meetings every stockhoIder,
Nhether present IN person or by proxy, shall
'e entitled to one vote for each share OF
toek standing IN his name on the books
y me corporation, and majority OF the
,oteS so cast shall be sufficient to elect or
lecIde all questions voted upon.
Artlcle Nlll.-NO stakeholder shall ever
'e held liable or responsible for the con
ractS; faults or debts OF this corporation an
my further sum than the unpaid balance |
Tue to the corporation on the shares of stock |
INSCRIBED for by him, nor shall any mere |
niormallty IN organization have the etfec.
I rendering this charter null or Of exposing E
stakeholder to any liability beyond the
npaid balance due upon said stock
Article IN.-In case this corporation is
qudated two lquidators shall be appointed
rom among the stockholders who shall have G
uthorlty to sell and dispose of the assets
the corporation and to wind up its bust. 5
ess. o.
Article N.-Until the regular election on d
ne hTSt Monday in January, 1918, the fol
prs: Jasmin Fei,el, Rosa FeiteI and Ben
AMIN, +. Feitel, with Jasmin Fei,el as y
resident; Benjamin F. Fciicl, IS Vice t
rer @
Article Min case Of vacancy on the q
oard OF Directors or among the officer, u
,om any cause, the vacancy shall be filled
special meeting Of the directors called \
n that purpose. s.
The Board Of Directors shall have power to
nact such bylaws, rules and regulations a.
ay be necessary and proper for .ac man
cement OF this corporation and the same =
alter and amend at pleasure l.
The subscribers hereto have respectively a
rItten opposite their names the amount Of !!
ock IN this corporation subscribed Tor by 4
lch OF them, so that this act of iu-o-pord- I.
on may also serve as the original sujscrip-
on li.t of this corporation. :
Thus done and passed in my office in III,
lty OF New Orleans aforesaid. the day. o.
onth and year first above written. in the 7
essence of Hazel Leblanc and Joseph R0- a'
nberg, competent witnesses, rcs;diur in
rs city, who hereunto sign their names e
gether with the said parties and me, notary, II
ter due reading of the whole. A
Names of subscribers and amounts of sub
rptiOns omitted) a.
Witnesses; Hazel lie Blanc, Joseph Rosen- p