The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-21
CHARTER
CHARTER.

lana, Parish of Orleans, City of New
| Orleans.
BE it known, that on this day, the
| fifth day of the month of February, In
| the year of our Lord one thousand nine
hundred and eighteen; and of the indie.
pendence of the United States of America
the one hundred and forty second; be-
| fore me, BusSere Rouen, a notary public
in and for the Parish of Orleans, State
of Louisiana, duly commissioned, sworn
and qualified, and in the presence of the
witnesses hereinafter named and under
| signed, personally came and appeared:
| The parties whose names are under
/ signed, who did declare that. ayailing
themselves of the provisions of the laws
or corporations, and especially the pro-
| visions of Act No. 267 passed by the
| General Assembly of this State during
the. year 1914, the laws amended thereby
aud the laws existing in this State other
| than said Act No. 267 of 1914, they have
! cOyenanted and agreed, and do, by these
presents, covenant and agree and bind
themselves. their successors, their heirs
and assigns, to form and hereby form
| themselves into, and constitute them
selves and their successors, into a cOrpor-
alton for the objects and purposes fol
ARTICLE 1.-The name, style and title
of this corporation shall be WEATHER
FORD CRUMP & COMPANY, INC" and
under said corporate name it shall have
all the powers and authority granted by
the laws of this State to, and not express
ly withheld from, corporations.
ARTICLE 1.-THE objects and pur-
poses of this corporation are declared
generally, to be the conducting of a gen.
eral cotton business, including the buy
ing and selling of cotton, and the oper-
alton of warehouses and congresses, and
all other business connected with the said
general cotton, warehouse and compress
business, growing out of such business,
or necessary for the said objects and pur-
poses, and in so doing, the said corpora
hou To
personal, or mixed property, of all kinds.
and the same to hold and dispose of at
their convenience.
ARTICLE III.-The present amount of
capital stock Of this corporation is Two
hundred thousand dollars $500, 00O) divid-
ed into two thousand (2,0OO) shares of
the par value Of one hundred dollars
(s100) each, and certificates for either
whole, or fractional, shares may be is
sued. Said stock shall be payable in
cash, or property, as provided by law.
The amount to which the present cap
ital stock may hereafter be Increased is
hereby declared to be Five hundred thou
sand dollars $500. OOO). to be represented
by certificates of stock of the par value
of one hundred dollars ($1OO) each.
All of the capital stock of this corpor-
alton is to be common stock, and this
corporation shall commence business as
now provided by law.
Each share of stock shall entitle the
holder and owner thereof to one vote to
be cast either personally, or by written
proxy; and each fractional share shall en-
title the holder and owner thereof to such
fractional part of one vote as is repre-
sented by his fractional share of stock.
ARTICLE IV.-The said stock shall be
only partially, or conditionally, the sub
ject of sale and transfer, and no stock
presently subscribed for or issued, or
hereafter subscribed for or issued, shall
be the subject of sale or. transfer, except
only after the subscriber or owner, shall
first have offered the said stock for sale
TO the other stockholders then holding
and owning the balance of the stock of
this corporation by a written offer for a
term of not less than thirty 1901 days,
addressed to said stockholders of record
upon the stock register, or stock books.
of this corporation, at the last address
shown thereupon; which said offer shall
be at the book value of the said stock as
shown by the books of the corporation
at the next preceding annual meeting, at
which price, and for which term, any or
all of the existing stockholders shall be
entitled to purchase the whole, or a pro-
portional part, thereof.
And this provision and condition prece-
dent to the sale, transfer, resale, or re-
transfer of the stock of this corporation,
scribers to the stock of this corporation
on their own behalf as well as on behalf of
their heirs, assigns and successors, and
Is accepted by them as a material pro-
vision, condition precedent and warranty,
as n part of their subscription to the
stock in this corporation.
ARTICLE V.-The domicile Of this cor
poration shall be in the city of New Or
leans, State of Louisiana, and all citation.
or other legal process, shall be served
upon the President or in his absence, the
Vice President, or other officer, or agent,
now authorized by law to receive service
ARTICLE vI.-This corporation shall
exist for term of ninety mine (99) years,
unless liquidated prior thereto, as now
ARTICLE VIJ-Au cornorate nowers
of this corporation shall be exercised by
and through a Board of Directors to be
composed of not less than three (3) nor
said directors shall have the right to vote,
either in person or by written proxy.
The Board Of Directors shall be en-
powered, and have the right, to hold d.
rectors meetings either outside of the
State of Louisiana, or within the State
of Louisiana elsewhere than at the cor
poration's domicile.
The officers of this corporation shall be
a President, Vice-President, Secretary
and a Treasurer, and more than one Of
flee may be held by one member Of the
Board.
The corporate powers of this corpora
ton shall be exercised by the officers, in
accordance with the general laws of this
State and with the bylaws of this cor
poration.
ARTICLE vIII.-The officers for the
ensuing year shall be:
William weatherford, President, Hous-
ton, Texas; Norman Mayer, vice-Presi-
dent, New Orleans, La; Immell d. Fra
zee. Secretary and Treasurer, New Or
leans. La.
The said officers shall act as such and
hold Office until their successors are
elected. and in the event of a failure to
elect officers at any annual election, the
officers then acting for the said corpora
ton shall hold Office until their success
sors are elected at a general stockhold-
ers' meeting of this corporation, and shall
have qualified; which said annual election
shall be held on the third Monday in
January of each year, except when the |
said date shall fall upon a legal holiday, |
N which event the said meeting shall be |
held upon the next following legal day. |
All elections shall be by ballot, and the |
majority of votes cast shall elect; and |
ZACH share of stock entities the owner and |
holder thereof to one vote, and the own |
r and holder Of fractional shares of /
'tock shall be entitled to such fractional
,art OF one vote as their fractional share |
,ears to one share, which said votes may
,e cast in person or by written proxy.
ARTICLE IX.-An checks shall be
igned by two officers Of this corporation,
md all contracts shall be in writing and
igned and executed by two officers Of |
his corporation, including the President,
When possible.
Thus done and passed in my Office In