The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-06
CHARTER
OF THE DUNDEE BURLAP COMPAN
INCORPORATED"

| CHARTER
| OF THE DUNDEE BURLAP COMPANY,
| INCORPORATED"
United States Of America, State of Louisi-
ana, Parish of Orleans.
| BE II known, that on this oath day Of Oc-
| tobcr, thousand nine hundred and sew
enteen Q9l) and OF the Independence of the
| United States OF America, the one hundred
| and forty second, before me, Thos. E. Furiow
a notary public in and for the Parish CT
| Orleans, State Of Louisiana, duly commits
stoned, sworn and qualified and in the pres.
| e1ce OF the witnesses hereinafter named and
| rsigned, personally came and appeared,
| the several parties whose names are here
unto subscribed, who severally declared that
availing themselves of the provisions of the
| laws OF this State relative to the organiza-
| ton OF corporations, they have covenanted
ard 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
| for the objects and purposes, with the name
and under the stpulations following, to-wit:
Article 1.-The name and style of this
| corporation shall be, The Dundee Burlap
| Company, Incorporated" and by said corpo-
rate name it shall have and enjoy corporate
from the date hereof, unless sooner dis.
! solved, and shall have all the rights, priv
lleges and imInunities granted by law to
| corporations.
ton shall be in the City of New Orleans,
| and all citations and other legal process
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 jute
products; the manufacturing, buying and
selling burlap. bags, both new and second
or hemp twines, cotton bags and bags or
sacks OF all kinds; to buy and sell Junk
OF all kinds, and iron, brass, copper, and
other metals, and bag machinery to buy
and san -. e
management may see ft; to act as agents
tor other parties, firms 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 10
or pertaining to its purposes.
Article lV.-The capital stock of this cor
poration is hereby declared to be ten thou
| sand dollars (Sl0,0O0.00) and may be increased
| to two hundred and fifty thousand dollars
| (S2S0OOOOOl which said shares of stock shall
dred QOO) shares each of the value of one
hundred dollars $4,000, which stock shall
| be payable In cash or 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,
through its Secretary, thirty days prior notice
Il
! 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 Vl-All the corporate powers of
| this corporation shall be vested in and exer-
cised by. Board of Directors elected from
| among the stockholders; two of whom shall
| 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
stockholders shall be held for the purpose
| 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 a 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
by the Secretary to be deposited in the mail,
| 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,
| unless said notice is waived in writing by
| all of the stockholders appearing as such
/
| 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
votes so cast shall be sufficient to elect or
decide all questions voted upon.
Article VIII.-No 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 assets
of the corporation and to wind up its bust
ness.
Article X.-Until the regular election on
lowing shall constitute the board Of direc.
tors: Jasmin Feitel, Rosa Feitel and Ben
lamin F. Feitel,, with Jasmin Feitel, as
President; Benjamin F. Fetel, as Vice
President-Secretary; Rosa Feitel, as Treas
urer.
Article Kiln case of vacancy on the
Board of Directors or among the officers
from any cause, the vacancy shall be filled
at a special meeting of the directors called
The Board of Directors shall have power tc
enact such bylaws, rules and regulations as
may be necessary and proper for the man
agement of this corporation and the same
to alter and amend at pleasure.
The subscribers hereto have respectively
written opposite their names the amount OF
stock in this corporation subscribed for by
each Of them, so that this act of ineorpora-
ton may also serve as the original subscrip-
ton list of this corporation.
Thus done and passed in my Office in the
City of New Orleans aforesaid, the day,
month and year first above written, in the
presence of Hazel Leblanc and Joseph Ro-
| senberg, competent witnesses, residing in
| this city, who hereunto sign their names,
together with the said parties and me, notary,
after due reading of the whole.
Names of subscribers and amounts of sub.
| scriptions omitted)
Witnesses: Hazel lie Blanc, Joseph Rosen.
berg.
| THOS. E. FURLOW. Notary Public.
l, the undersigned, Recorder of Mortgages,
| in and for the parish of Orleans, State of
Louisiana, do hereby certify that the above
| and foregoing Act Of Incorporation of The
| Dundee Burlap Company, Incorporated, was
this day duly recorded in my Office, in book
| 1912, folio -
New Orleans, October "a, 1917.
EMILE ]. LEONARD, by. R.
THoS FURIow. No,,,v p,,t,;.