The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-22
CHARTER
OF THE DUNDEE BURLAP COMPANY
INCORPORATED.

OF THE DUNDEE BURLAP COMPANY
INCORPORATED"
United States of America, State of LOuisi
ana, Parish of Orleans.
Be it known, that on this Path day of o.
| tobcr one thousand nine hundred and sew
eTteen Q9l7) and of the Independence of the
| United States Of America, the one hundred
and forty-second, before me, Thos. E. Furlow
| a notary public in and for the Parish O
| Orleans, State of Louisiana, duly commits
| stoned, sworn and qualified and in the pres
e5ce OF the witnesses hereinafter named a1C
signed, 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 covenanteC
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 stipulations following, to-wit
Article 1.-The name and style of this
corporation shall be, The Dundee Burlal
Company, Incorporated" and by said corpo.
rate name 1t shall have and enjoy corporate
succession for period of ninety-nine years
from the date hereof, unless sooner dis
solved, and shall have all the rights, priv
ileges and immunities granted by law to
corporations.
Article 1.-THE domicile of this corpora
ton shall be in the City of New Orleans,
and all citations and other legal process
shall be served as the law directs.
Article III.-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
hand, jute twines, burlaps, yarns, ties, fax
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 sell any other kinds of merchandise the
management may see fit; to act as agents
for 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 IV.-The capital stock of this cor
poration is hereby declared to be ten thou
sand dollars (Sl0,OO0OO and may be increased
to two hundred and fifty thousand dollars
(S250,O0OO) which said shares of stock shall
be divided into and represented by one hun
dred 600 shares each OF the value of one
hundred dollars (Sl00.OO, 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 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
lneIeoi Tor period OF thirty days from said
notice, after which thirty days notice the
said stock may be sold in the open market
Article VI.-All the corporate powers of
TINS corporation shall be vested in and exer-
cised by a 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 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.
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
er holder thereof is present or represented
by written proxy.
Immediately after election, the said direc.
tors shall select from their number a 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
on the books.
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
OF the corporation, and majority of the
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 10 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
stakeholder to any liability beyond the
unpaid balance due upon said stock.
Article KIN case this corporation is
liquidated two liquidators 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
Jamin. +. Feitel,, with Jasmin Feitel, as
PRESIDENT; Benjamin F. Fetel, as Vice
dent-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 special meeting of the directors called
for that purpose.
The Board Of. Directors shall have power to
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.