The herald., 1918-09-26
CHARTER OF CRESCENT CITY CORK
WORKS. INC

United States of America, State of Louis
lana, Parish of Orleans, City of New Or
leans. Be it known, that on this twenty
third day of the month of August. in the yea
Of Our Lord. One Thousand nine hundred and
eighteen, and of the Independence of the
United States of America, the one hundred
and forty-thrd. Before me, Theodore A
Schuber, Notary Public, in and for the
Parish of Orleans, State of Louisiana, there
in residing, duly commissioned, sworn and
qualified, and in the presence of the wit.
nesses hereinafter named and undersigned;
personally came and appeared: the several
parties whose names are hereunto subscribed
who severally declared that availinp them.
selves of the laws of the State of Louisiana.
in such cases made and provided, they have
covenanted and agreed, and do, by these
presents, covenant and agree, and bind them
selves. as well as all other persons who may
hereafter become associated with them to form
a corporation and body polite in law, for
the objects and purposes and under the ar
ticles and stipulatons following, to-wit:
ARTICLE 1.-The name of this corporation
shall be: Crescent City Cork Works, Inc,
and under its said corporate name, it shall
nave power and authority to have and enjoy
corporate existence and succession for the
full term and period of ninety nine wears
from and after the date hereof, to contract.
sue and be sued; to make and use a cor
porate seal, and the same to alter and break
at pleasure; to hold, receive lease, purchase.
ana convey, as well as to mortgage and hy-
pothecate property real, personal and mixed.
corporeal and incorporeal; to name and ap-
point such managers, agents, directors and
OFFICERS, as its business interests and CON
,venience may require, and to make and estab-
lsh such bylaws, rules and regulations for
the proper management of the affairs of said
corporation, as may be necessary and proper.
and to alter and amend the same at its
pleasure
ARTICLE II.-The domicile of this cor
Poration shall be in the City of New Orleans
La, and all citations or legal process shall
be served upon the President or in the event
OF ms absence upon the Vice President, and
IN the absence Of both, upon the Secretary
Treasurer.
ARTICLE lu.-The objects and purposes
TOR which this corporation is organized and
estaolshed, and the nature of the business
10 be carried on by it, hereby declared
10 be; 10 engage in the manufacture. buy.
ing, selling and dealing in, at wholesale
and retail of all kinds of corks. and cork
products and by-products, and generally 10
perform and do all things necessary. proper
and pertinent to general cork business. as
well as to manufacture and deal in such
other articles as in the Judgment of the
Board OF Directors may seem fit and proper
AKIIcLE lV.-The capital stock of this
corporation is hereby fixed at the sum of
one hundred Thousand Dollars (Sl00OOOOO
to be divided into and represented by one
thousand shares Of the par value of One
Hundred Dollars (SlOOOO) each. The cant
tai stock OF This corporation shall be paw.
aole IN cash, or in such installments and
under such conditions as dle (Board of
Directors shall determine, as well as for
services rendered, merchandise, property or
other valuable consideration received. and
enuring to this corporation. according 10 the
exclusive findings of the Board of Directors
'hereof. ms corporation shall be a going
concern, and authorized to do business as
soon as fifty $50 percent) per cent of the
authorized capital shall be subscribed for.
and at least fifty go per cent? per cent of
al stock so subscribed for, shall be paid for
The capital stock of this corporation NAV
be increased to Two Hundred Thousand
Dollars (S2O0OOOOO).
ARTICLE N.-All meetings of the stock
holders of this corporation, as well as all
meetings of the Board of Directors shall be
held at ITS domicile, in the City of New Or
cans. La. provided that with the written
consent OF all directors. valid meetings of
he directors may be held outside Of the
state or within the State elsewhere than at
is domicile
ARTICLE VI-AIl the corporate powers
II this corporation shall be vested in, and
exercised by Board of Directors five in
number all Of whom shall be stockholders to
De elected on the fourth Monday of Au-
'ust of each year. The first Board of Di-
ectors to serve this corporation until the
annual election in August, 1919 or until their
successors have been elected and qualified, |
hall be elected Immediately after the signing
# this act. Three directors shall consti- |
ute quorum of the Board for the trans
ction of business by said Board. After the |
lection OF said directors as herein provided |
or, there shall be elected by said directors |
rom their own number, the officers of this |
orporation. follows: A President. a.
lice President, a Secretary-Treasurer, and an |
assistant Secretary Treasurer, with the right |
0 combine the offices of Secretary and Treas |
rer and Assistant Secretary-Treasurer each |
n one person. The Board of Directors shall |
ave the power and authority to appoint |
UGH other agents and employees, who shall ]
espeetively. have such power and authority,