The herald., 1917-09-27

| Jmted States Of America. State OF LguiSi-
ana, Parish OF Orleans, City oiNew Or
leans.
Be It known that on this, the 18th day
| Of 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 notary public IN and Tor 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-
peared the parties whose names under
| signed, who do declare that, availlng 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
| 2o1 passed by the General Assembly OF the
| State OF Louisiana, during the year 1914, the
| avs amended thereby, and the laws existing
| in this state other than the said act they
have convenanted and agreed, and do by
these presents covenant and agree, and bind
themselves, their successors, their heirs and
| assigns, and form themselves into and con-
tItute themselves and their successors cor
Poratlon for the objects and purposes fol-
lowing. to-wit:
Article THE name and title Of this cor
poration shall be Mutual Scrap Iron Com
pany lnc", and under the said corporate
name, il snail have all the powers and au-
thority granted by the laws OF this state,
and not expressly withheld from corporations.
Article 1.-THE object and purposes of this
corporation are declared, generally, to be
the buying and selling OF machinery OF all
| classes new and second hand, well as all
classes of metals, and second hand;
| and all other business connected Herewith,
growing out Of and necessary, or deemed
|, proper Tor the said objects and purposes;
and in 50 doing, the said corporation shall
| have the power 70 purchase real, personal
and mixed property, and the same to hold
r at its pleasure.
Article III-The present amount of the
] | capital stock OF this corporation IS Ten
! | Thousand CSl0O0O0) Dollars, divided into
one hundred Q00) shares OF the par value
certificates for either whole fractional
! shares may be issued. Said stock shall be
payable IN cash, or property OF value, as
provided under the laws of this state.
; The amount to which the present capital
T stock Of this corporation may be increased
2 is hereby declared 10 be One Hundred
5 thousand GlOoG0O0 Dollars, to be. repre-
scented by certificates OF stock of the par
/ ,aIue of One Hundred $4,000 Dollars each
E All OF the stock of this corporation shall
be common stock, and the corporation shall
r commence business provided by law.
4 Fash share Of stock shall entitle the holder
thereof to one vote to be cast either per
/ sOnally or by written proxy; and each fTac-
tioual share shall entitle the holder thereof
to such fractional share of one vote as is
represented by the fractional share of stock.
Article IN.-And said stock shall be only
partially condItionally the subject OF sale
: and transfer, and no stock presently sub
:. scrlbed for Issued, or hereafter subscribed
4 for issued, shall be the subject OF sale or
"a transfer, except only after the subscriber or
= | owner shall first have offered the said stock
: | for sale 10 the stockholders than holding and
: owning the balance OF the stoc k of this cor.
: poration by a written offer for a term OF
i | thirty (3Ol days, addressed to said stock
: holders of record upon the stock register
> or stock books Of this corporation, at the last
= | shall be at the book value of the said stock
. | as shown by the books of the corporation
" at the next preceding annual meeting, al
! | which price and for which term, any or all
: ! of the existing stockholders shall be entitled
| 20 purchase the whole or a Proportional part
: thereof. during the said term OF thirty 500
:. days; and this provision and condition, as
= | 10 the sale, transfer, resale or re-transteI
- Of the stock of this corporation is presently
. | agreed 10 by all Of the subscribers to the
= | stock of this corporation on their own be-
hail. as we'll behalf OF their heirs
| assigns and successors, and is accepted by
&c them as a material provision and condition
of the subscription to the stock in this cor
. poraton.
l. Article V-The domicile of this corpora
&c ton shall be in the city OF New Orleans
le State Of Louisiana, and all citation or othe'
ID legal process shall be served upon the pTesi
l. dent or other officer agent now authorlz
ed by law to receive service OF process.
a. Article VI.-Ihis corporation shall exis
5, for term Of ninety (S9) years, unles
liquidated prior thereto as provided by law:
ST Article VIII.-All corporate powers Of Thu
v corporation shall be exercised by and through
er a Board of Directors to be composed OF no
less than three 90 nor more than seven q
is stockholders, which said directors shall hav
De the right to vote either in person or b.
il written proxy. The officers of this corpora
m ton shall be a President, a Vice President
G and Secretary and Treasurer; and NOR
,y than one office may be held by one membe
It. of the Board.
T. The corporate powers shall also be exer
at | cised by the officers of this corporation Il
be accordance with the general laws OF TIN
IN state. aad the bylaws OF this corporation.
Ill The officers for the ensuing year are de
a clared to be: Asa T. Sibley President; Henr
N. A. Otis, Vice President, and 5. Loga
ng Belknap, Secretary and Treasurer.
rs The said officers shall act and hold office
ne until their successors are elected, and i
On the event OF failure to elect officers az an
OF annual election, the officers then acting 10
u the said corporation shall hold Offices unit
C their successors are elected and have quail
re ned at a general stockholders meeting c
II, the corporation, which shall be held on III
ne fourth "a Tuesday OF September OF eac
no year, except when the said date shall ia
an upon a legal holiday, in which event tn
to said meeting shall be held upon the mex
~ following legal day.
o- All elections shall be by ballot, and tn
he majority OF votes cast shall elect, and eac
Of share Of stock entitled the owner and holds
- | thereof 10 one vote; and the OWNER an
,er holder of fractional shares OF stock shall
81 entitled to such fractional part OF vol
~ as their fractional share bears TO share
m which said vote may be cast in person or
We written proxy.
of Article VIII-All checks shall be signe
by two officers of this corporation. and a
Of contracts shall be in writing and signed an
Is, executed by the president and the secretaI
ed. and treasurer.
OF Thus done and passed in my Office in II
NJ. city of New Orleans, on the day, month an
1g, year aforesaid, in the presence Of Messieu
ry: John c. HoAingcworth and Joseph L. Nj
tai leen, both competent witnesses, residing
lly this city and state, who have signed the
ice names together with the parties and m
we notary, after due reading of those present
,s Original Signed Asa T. Sibley, s25 Broa
-, way New Orleans, La, 43 shares, $4,000
ny s l. Belknap, 1922 Marengo, New Orean
,s. La, 10 shares, $4,000; Sam W. Sible
- Wylie, Texas. per A. I. Sibley, l shar
IL $1,000; Edwin l. Sibley, Bay St. Loui
"e Miss, per A. 7. Sibley, share, $1,000;
:; A. Otis, 1914 Valmont ST., New Orlean
r. La, IS shares. S450000.
cir Witnesses: J. c. Holingsworth, Joseph
cir Killeen.
his AL c. HAMMER, Not. Pub.
nal State OF Louisiana, Parish of Orleans.
ra- Before me, Alfred Charles Hammer, notal
public, appeared the parties whose nam
ra- are signed hereto, and, being by me du
it'll sworn depose and say:
OIL That they constitute the board OF dire