The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-14
CHARTER
CHARTER.

| nucd states OF America, state OF l.OulS-
lana, Parish of Orleans City of New
Orleans.
Re 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
pendcnCe of the United States of America,
the one hundred and fOrty-secOnd; be-
fore me. BuSSiere ROucn. 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
of this state. relative to the organization
of corporations, and especially the pro-
visions of Act No. 261. passed by the
General Assembly of this State during
the year 1914, the laws amended thereby.
and the laws existing in this State other
than said Act No. 26I of 1914 they have
cOvenantcd and agreed, and do, by these
presents, covenant and agree and bind
tie mSCNcS, their successors, their heirs
and assigns, to form and hereby form
themselves into, and constitute them
selves and their successors, into cOrpOr-
alton for the objects and purposes fol
loWi Ing, tO-wit:
ARTICLE 1.-The name. style and title
of this corporation shall be WEATHER
FORD CRUMP X COMPANY, NC" 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 gem
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
ton shall have power to purchase real.
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 (S2OO,OOO) diyid-
ed into two thousand (2OOO) shares of
! the par value of one hundred dollars
(S10O) each. and certificates for either
whole, or fractional, shares may be is
sued. Said stock shall he 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 $500 000). to be represented
! of one hundred dollars ($1OO) each.
All of the capital stock of this cOrpOr-
alton is TO be common stock, and this
now provided by law.
Each share of stock shall entitle the
holder and owner thereof to one vote, "a
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-
| scented by his fractional share of stock.
ARTICLE IV.-The said sto, k shall be
only partially, or conditionallt 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 written offer for a
term of not less than thirty 500 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, al
which price, and for which term, any OF
| 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
| is presently agreed to by all of the sub
scrihers 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 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, thu
Vice President. or other officer, or agent
now authorized by law to receive service
| of process.
| ARTICLE vI.-This corporation shall
exist for term of ninety nine (99) years
unless liquidated prior thereto, as nov
| nrOyidpd
ARTICLE VII-An corporate power!
of this corporation shall be exercised By
and through Board of Directors to b.
! composed of not less than three 81 no
more than seven ca stockholders, which
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 di
! rectors' meetings either outside of tn
| State of Louisiana, or within the Stat
| Of Louisiana elsewhere than at the cor
pOratiOn's dOmicile.
The Officers of this corporation shall b.
n President, a Vice-President, Secretar!
and a Treasurer, and more than one of
fee may be held by one member of tn
Board.
The corporate powers of this corpora
ton shall be exercised by the officers, II
accordance with the general laws OF thl
State and with the bylaws of this cor
poratiOn.
ARTICLE vIII-The officers for tn
ensuing year shall be:
William Weatherford, President, Hous
ton, Texas; Norman Mayer. Vice-Prest
dent, New Orleans, La; Immell ID. Fra
zee, Secretary and Treasurer, New Or
leans, La.
The said officers shall act as such ant
hold office until their successors ar
elected and in the event of a failure t
elect officers at any annual election, tn
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 II
January of each year, except when tn
said date shall fall upon a legal holiday
in which event the said meeting shall b
held upon the next following legal day.
All elections shall be by ballot, and tn
majority of votes cast shall elect; ant
each share Of stock entities the owner ant
holder thereof to one vote, and the own
er and holder of fractional shares o
stock shall be entitled to such fractiona
part Of one vote as their fractional shar
bears to one share. which said votes ma.
be cast in person or by written proxy.
| ARTICLE IX.-All checks shall b
| signed by two officers of this corporation
| and all contracts shall be in writing ant
| signed and executed by two officers o
this corporation, including the President
when possible.
Thus done and passed in my Office Il
A. A.s 1t nslA fhn n m