The herald., 1918-12-12
CHARTER
CHARTER OF DUNBAR WAREHOUSE q
TANK STORAGE COMPANY, INC.


- Thousand, Nine Hundred and Eighteeh'
"a N the Independence OF the United States
- America. the One Hundred and torty-tnirn
Before ne, William Guste, a Notary I'd
~ d,,ly commissioned and qualified, IN anu
80 the Parish Of Orleans, state OF L LUIS
ma therein residing, and IN the Presenee
- the witnesses hereinafter named anu uil-
dersigned, personally came ana app he-:,,nio
osyer3l persons whose names are heieunto
,,Lsr~ibed all OF the full age Oh u-aJotty'
VINO seyerally declared to me, Ne'aty' S Sir,
-s;I;ng themselves Of the laws OF uhe So
Oh I'D more particularly OF Act 267 OF
ne General Assembly OF the state OF Lou,s
ANA Of 1914, relating to the creation' -
,,,yation and formation OF corporauonS' M
I've coyenanted and agreed, ana Oy the
haHe 10 covenant and agree and bind
peo,saIyes as well as all such other per
-. ss NAV hereafter become associated Win
them, to form corporation LOT lne o'' nj
md purposes and under the AruSles anu
stipul atoms following, to-WN'
ApTTCJF The name and title OF TINS
rnN-,,Inn shall be Dunbar Warehouse
TT storage Company, Incorporated. Anu
- ire corporate name, ii shall nave PoWe'
md authority to have and 10 eh!os -:
80 existence for a period OF ninety-hiIe
yyears from date hereof, unless sooiei III
yIrs1 nv hauidation or Otherwise IL shal
5avr power 10 contract, TO sue ana - ~
sued. 10 make and use a corporate sea- "a
10 alter and break same at pressure, " -
receive. lease purchase, transfer; assign, -
ysy mortgage, hypothecate, pleuse, oI o.i
aise receive or dispose OF properly, to-
rersonal and mixed, eorporeal ana Aneo' ~
real. 10 issue bonds, and, II ueslIeu' ~ ia
80 the same by mortgage; TO buy ana hJlu
ssack in other companies incident 10 NlS
objects and purposes or 10 the eNPa.s? -
,be business interests OF the corporation, "
name, elect and appoint Such H..s!sS.ss
;r.-ssts NAV require, and to make anu
stsbIisb. alter and amend its bylaws ruIes
and regulations for its proper soSe'Ii une..
a. NAV be deemed necessary anu -;
a1d generally to do any and all Things ihei'
Ja-,sto or necessary and proper Tor the eA'
,s1sion Of the business in which the eoiPo'
ration is engaged.
ARTICLE II.-This corporation sn4. ,pe
domiciled in the City OF New orieahs' Al r.
Sc az Louisiana, and all CITATION OF ~
isgaI process shall be served upon 'he -
drnt of the corporation, and IN inc e'e"' VI
Sss ,bsence upon the Viee-President'
,pTrCIF III-The objects and purposes
L;cb Ibis corporation is organized anu
ryeated and the nature OF the business 81
carried on by il are declared 10 D oh.
lows: To carry on the business Vi 81
~ ,,,-ebouseman as defined by ACT Il" u
Zoo ~ acts amendatory thereof, ana loi
- ,,rnoses of said business 10 nave sme
enioy all the powers, rights anu -. nd in
,;yen and granted under the sara ae'I az s.u
snsc,;on with the said business 10 Duy' -
49, ;,nnrove and construct, as wen a.
lease impress o,,sa or warehouses in the City
~ New Orleans, or VICINITY ota'e L o,ber
ana 10 conduct and carry on su. or
business as 81 may oro pc effectuating the
5arssaid purposes or enhancing ny ~
a. ,be properties, rights and prNiies'
said corporauoh' -:
,pr1c1E Iv.-The capital stock OF TINS
N-.tion is hereby fixed AZ inc a." .hafi
1--WE Thousand Dollars SS,oooV.ii INV fifty
- Avoided into and Representa- 1900 doi.
DC ~ the par value Of one nuhuieI g.
silaies said stock shall be P1ld ~
~ cash or its equivalent, as sr,cb times
10 and in such manner ana q. he nre-
S' in such miscellaneous as may This
ana "a hv the Board of Directors. i5
se.a,;on shall become going eohSeln; 80
b.II he authorized to eomn DN 81 IFS
sshen twenty-five Hundred Dona ID for
"neM ..,, stock shall have been pau ;ded
GsPl,Ai IN cash or its equivalent as RNdred
eithet and when Twenty-Five hun ~
DDyu 81 the capital stock has in TACT oee"
subscribed tor.
,prc1F y-The capital stock OF TINS cor
n,;an NAV be increased TO inc ,,ote
Fifty Thousand Dollars, by ose,ina. called
81 al the stock at special meeins' annual
meeting of the corporation. .,.L IL.
,pTICIE yI.-All certificates OF STOCK S. ~.
ID NV the Company shall be signeSS VICE.
President and eounter-slgned OyssoIut;on OF
President; OF: n;rrctors.. shall be signed by
the p poss;dsnt and counter-signed by the
Sn.,.tarv-Treasurer. The stock OF TINS ~.
poration can be transferred ohiy 70 such
49, ~ the corporation and subject -
pHi,,;or and formalities as may pc oy ~
Rosrd OF Directors from time 70 uns ,;ip,sd
yihed No stakeholder shall pc PEI ~
~ sell or otherwise dispose U wr;t;ng
49,, first offering the same IN "ritins
~ tbe other stockholders, through me Duh a..
: I n;rsctors. at price not exceeding tne
boot value thereof, and the ~ u',,,
shall have an option and nrsI fi q he thus
d;snosed of by sale, or by. the death, res ~.
,n,gon or otherwise of any OF tns
sroekholders of the corporation, ana Sn1 -
have period of ten days t IN Should
- Roard of Directors or the stocknoloers us
cline 10 purchase said stock, then the sl9 ssS-
holder or stockholders who MADE tne oiiI
TO sell or otherwise dispose Oh Ee nv
manner and at any price that ne or tney
NAV see fit But. each share OF s.oek -
;ssned under the condition and understand
ing that no stoekholder shali o, msS Of tSis
nrovisiou; and such sale or transfer, II maae,
Shall be void. and this Company shaiI DC
under no obligation to list said STOCK on rs
books or to regard the holder OF the cert'ii'
cate thereof.
ARTICLE VII.-The corporate powers OF
this corporation shall be vested in and ex,
ercised by Board of Directors composed
OF three stockholders, two OF whom snait
constitute a quorum for the transaction OF
business The Directors OF this corpora
ton may vote in person or by proxy al
any Of the meetings OF the Board oil Dnee-
tors; and the Board of Directors may dele
gate any of its powers to any officer OF OF
ficers or any other representative OF the
Company by appropriate resolution to that
effect The first Board Of Directors OF
this Corporation shall be composed OF Eman-
uel Samueis, solomon Brown, and Sim. H.
Iowenburg, with said Emanuel Samuels as
President Solomon Brown, Secretary
Treasurer, and Sim. III. Lowenburg, Vice
President, and they shall serve until the
second Wednesday in January, 1920. or un-
til their successors are elected and quail
fled. The Directors shall be elected an
nually by the stockholders at meeting
held on the second Wednesday in January,
in each year thereafter. Notice Of such
meetings shall be given ten days prior to
the date Of the meeting in writing, and
sent to each stakeholder at his last known
address. Each stakeholder shall, at such
annual meeting or other meetings, general
or special, be entitled, in person by
proxy. TO one vote for each share of stock
owned by him. Elections shall be held
under such rules and regulations as may from
time to time be determined by the Board
of Directors. The Directors when elected
shall hold office for year, until their
successors shall have been elected and quali-
fled; and failure TO hold the annual meet
ing Of stockholders to elect annually the
Directors, shall not operate the forfeiture
OF this charter or any rights Hereunder.