The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-01
CHARTER OF
MUTUAL SCRAP IRON COMPANY, INC",

MUTUAL SCRAP IRON COMPANY, INC.
United States of America, State of Louisi-
ana, Parish of Orleans, City ofNew 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 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 sp-
peared the parties whose names are under
signed who do declare that, availing them
selves Of the provisions of the laws of this
sats 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
IN this state other than the said act they
have eonyenanted 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-
htute themselves and their successors a cor
pcration for the objects and purposes fol-
lowing, to-wit:
Article 1.-The name and title of this cor
pOration shall be Mutual Scrap Iron Com
psny lnc", and under the said corporate
name, 1t shall have all the powers and au-
thorty granted by the laws of this state,
and not expressly withheld from corporations.
Article 1.-THE object and purposes of this
eorpofation are declared, generally, TO be
the buying and selling Of machinery of all
cases new and second hand, as we'll as all
classes OF metals, new and second hand;
sad all other business connected Herewith,
growing out Of and necessary, or deemed
proper for the said objects and purposes;
and IN so doing, the said corporation shall
m
.ao mixed property, and the same to hold
at its pleasure
Article lll-The present amount of the
capital stock Of this corporation is Ten
thousand Sl0000O Dollars, divided into
one hundred Q00) shares of the par value
OF One Hundred Dollars 10000 each; and
esfuhcates for either whole or fractional
saaf.s may be issued Said stock shall be
wyD'e IN cash, or property of value, as
provided under the laws of this state.
Inc amount TO which the present capital
Mocs Of this corporation may be increased
Is hereby declared DO be One Hundred
thousand Sloo00.OO) Dollars, to be repre-
snfed BY certificates of stock Of the par
value Of One Hundred $4,000 Dollars each:
All OF the stock of this corporation shall
common stock, and the corporation shall
"pmense business as now provided by law.
.lasn snare of stock shall entitle the holder
.ae'eot TO one vote TO be cast either per-
s.nat,y or by written proxy; and each trac.
onal snare shall entitle the holder thereof
sues fractional share OF one vote as IS
"presented by the fractional share of stock.
Muele Wand said stock shall be only
ssIualIy or eonditionally the subject of sale
~ nansfer and no stock presently sub.
enoed Tor or isued, or hereafter subscribed
go. OF ISSUED, shall be the subject of sale or
wrer except only after the subscriber or
SneI snail first have offered the said stock
w s>'e to the stockholders than holding and
81 H. l. Of
r;nen oy written offer for a term OF
h.,Iy Wy days, addressed to said stock
OF record upon the stock register
.s, week books Of this corporation, at the last
.Ser shown thereupon; which said Offer
Al DC al the book value of the said stock
= shown by the books of the corporation
-! ne next preceding annual meeting, at
!, IN price and for which term, any or all
NC EXISTING stockholders shall be entitled
patshase the whole or a proportional part
Ssa'' curing the said term Of thirty (Oi
-, and this provision and condition, as
ef az SAFE, transfer, resale or re-transter
49,. NC stock Of this corporation is presently
49, 70 oy all of the subscribers TO the
NJ OF THIS corporation on their own be-
,,,, a well as on behalf of their heirs.
n 49, and successors, and is accepted by
~ As a material provision and condition
poration, nv" " TIC S'o'N =" '"''
sMsie V.-The domieile of this corpora
Ss,.. sasii be in the city of New Orleans,
ies., OF Louisiana, and all citation or other
a.. process shall be served upon the presi.
= othe- officer or agent now authoriZ'
nw TO receive service of process.
"a, Nl.-This corporation shall exist
Es,;a..erm OF ninety-nine (9o) years, unless
1890 Irior thereto as provided by law.
, nre,e VILLAIN corporate powers of thi.
nuon shall be exercised by and through
l,s sl OF Directors to be composed of not
s.s,S.ssn three 81 nor more than seven Gl
a. oides, which said directors shall hav,
wis., at 70 vote either in person or by
tnN .a proxy The officers Of this corpora
~ snail be President, a Vice President
IA, secretary and Treasurer; and NOR,
a. '1e Office may be held by one nembei