The herald., 1918-05-02
CHARTER
matter set forth and expressed, which they
adopt as the Charter Of this corporation.
fo-Wit

|
adopt as the Charter Of this corporation.
| to-wit:
Article 1.-The name and style OF this
| corporation shall be "Wiergate Naval
/ stores 60. Inc" and under its said cor
| pOrate name il shall have and enjoy cor
porate existence and succession for the
/ full term and period of ninety nine tS3l
years from and after the date hereof: 10
| contract. sue and be sued, 10 MAKE ana
! use a corporate seal and the same 10 al
/ ter and break At pleasure: 10 hold. re
l Ceive. lease, purchase and convey a. We'll
aS mortgage and hypothecate property.
/ real personal and mixed COrpOreal and
l ln,OrpOreal: 10 own and hold stocks and
/ bonds Of other corporations. 70 nam" anu
appoint such mama gers. agents. directors
and officers a. its business or convent
! rnce may require. and 10 make and e>ta0-
/ li~h. as well a. alter and amend, from
/ time To time. such bylaws, rules and reg
( ulationS for the proper government Of the
. affairs Of said corporation as may De- Nee
/ ySSary and proper.
Article 1.-THE domirile Of said corpor-
/ alton shall be in the City of New Orleans,
state OF Louisiana. and all citations ana
other legal processes shall re served upon
the President. or in the event OF his att
Seuce OF inability 10 act. then they ShaiI
be served upon the Vice President. who l.
acting President Of said corporation. ana
in the event OF his absence or inability 10
act, then upon the Secretary Treasurer.
Article III.-The objects and purposes
for which this corporation l. organized
and the nature OF the business 70 BE- car
rIed on b. il. are hereby declared TO be :
70 own. possess. lease. sell operate and
work mines OF any and all kinds and 10
own. lease. suitcase. buy and sell lands,
timber. turpenrine. turpeutine stills saw
mills planning mills. etc: and all the by
products Of timber. TO operate. establish
and lease turpentine stills or anything
connected Herewith; to own. build. oper-
ate and lease railroads, tram-wayS. steam
vessels. sailing vessels. or any nature OF
I watercraft that may be necessary in con
. nectiOn with its business. and TO operate,
sell or lease same: to engage in or con-
duet a general mercantile business. both
wholesale and retail. at any point or
points desired. and to operate, buy. sell or
lease same: 10 manufacture machinery or
any kind of implements; TO conduct. BUY,
! sell. lease or deal in agricultural proper
ty: to engage in the raising of live stock.
or to deal in same; and TO operate. oW q
! or lease any kind Of manufacturing plant
or business. not specially prohibited by
law: to act as Agent or Attorney in fact
[ for individuals or corporations, and as
such to conduct any kind of business for
persons or corporations, and buy and sell
| on commission or otherwise, and conduct
general commission business: and gen
orally to do and perform any and all acts
or business not contrary to the laws OF
the State OF Louisiana: and all the rights
herein granted may be exercised, and bus
mess conducted. at any place or places
that the said company may see Mt so TO
do, without any restrictions whatever as
TO States or Countries.
Article Iv.-The capital stock of this
corporation is hereby fixed at the sum OF
$50 10000 divided into $500 shares OF
500 90 each. which said stock shall be
paid for in cash or its equivalent at such
time and in such manner as the Board OF
Directors may determine, or may be Is
sued at par in payment Of property actu,
ally purchased and such stock so issued
. shall be full paid and worcestershire. Al
in conformity with and under the reSSric-
, tiOns of the presently existing corporate
laws of Louisiana.
This corporation shall be authorized tc
commence business and be a going con
Germ as soon as all of its capital stock 1:
subscribed and paid for.
The shares of stock shall be transfer
able only on the books of the corporation
and no transfer of stock shall be binding
or have any effect on this corporation, IN
less and until made upon its books.
The capital stock Of this corporation
may be increased TO an amount of $500
O00.0O by vote of two-thirds of all of tbs
outstanding stock at a meeting of tbs
stockholders called for that purpose in tbs
same manner as provided for the meeting
to elect Directors.
Article y.-All of the corporate powers
Of said corporation shall be vested in and
exercised by a Board Of Directors com
| posed of not less than three nor more thar
five stockholders. Said Directors shall be
elected annually on the third Monday In
January in each year at a general stock
holders meeting, except the first Board
appointed in this Charter, who shall hold
their offices until the third Monday In
January, 1919.
All such elections shall be held by bal
lot and conducted at the Office of the cor
: pOration. Notice of such meeting and OF
all other stockholders meetings shall bt
given in the manner prescribed by law
and when not so prescribed, then written
notice of such meetings shall be deposit
ed at least fifteen (15) days prior TO the
date of such meeting. in the post office
Of the City Of New Orleans. addressed to
uNn hal a- oN Dc laS Enn
dence or place Of business.
At all such elections and at all corpor-
ate meetings every stakeholder shall be
entitled to one ~ vote for each share OF
Of the corporation, to be cast by him In
. person or by his written proxy. and a ma
jority Of the votes cast shall elect.
| ANY vacancy occurring among the d.
rectors by death. resignation or otherwise
shall be filled by election for the unex-
pired term by the remaining directors.
above specified shall not dissolve the cor,
poration nor impair its corporate exist
ence or management, but the directors
then in office shall remain in office until
their successors are elected and qualified
The Board of Directors shall elect
President, and one or more, not to exceed
four yice-Presidents, and Secretary
Treasurer. The President and yice-Pres-
idents shall be stockholders and Directors
of the Corporation. but the Secretary
Treasurer may or may not be Director
. | or St0ckh0lder, at the discretion OF the
Board Of Directors. The number of Di-
! rectors shall be determined by the stock
, holders at each annual meeting. and the
, number of Vice Presidents shall be deter
mined each year by the Board of Direct
ors.
The Board of Directors shall have pow
. er and authority to appoint such agents
! managers, officers and other employees
necessary in their judgment to conduct
the business Of the Corporation, and tc
give to such agents, managers, officers
and other employees such authority a:
, poses and business Of the Corporation
the compensations and define the dutie:
of every officer and employee and al
agents, managers. officers and other EN-.
. ployees shall hold Office and employment
, at the pleasure of said Board.
The Board may make and establish, q:
well as alter and amend, any and all by,
laws, rules and regulations necessary and
, proper in its judgment for the conduct
, support and management Of the business
, and affairs of said corporation. At al
meetings of the Board of Directors each
. director shall have the right to appoint
proxy to act in his place and stead. ths
, person so appointed need not be a Direct
or but must be stakeholder.
The Board shall have full power and au
thority to borrow money, execute mort
cages and create liens: to issue bonds
!. notes and other obligations and to secur,
the same by mortgages, pledge or other
wise: and, generally to do any and al
things reasonable, convenient and neces
sary for the proper carving on of tn,