The herald. [volume] (New Orleans, La.) 1905-1953, 1919-08-21
CHARTERS.
CHARTER OF ALFRED H. CLEMENT
COMPANY, INC.

United States of America, State Of LOUIS
ana. Parish Of orleans, City of New Or
leans. BE it known, that on this touTteehIf :
dav Of the month Of July, in the year OF
our Lord One Thousand Nine hundred ar 80
Nineteen, and OF the Independence Vi 'H
United States Of America, the one huhui Gu
and Fortie;h; Before me, W. Morgan Su'ley;i
a Notary Public, duly commissioners anu
qualified in and for the PARISH OF OtlSans'
State Of louisiana, personally came aLu az
pearcd the several persons, whose names a. :
srbsrribed hereto, who declared thar, a'aiI-
;gg themselves OF the laws OF the State OF
Louisiana in such cases made ana pIo'iGeu'
md narticularly OF Act No. 2oI OF l9l4' they
desire to, and DO hereby, form themseiEe
int, corporatOn under the name, and loF
.Ie nhierts and purposes and under the
terms and conditions, hereinafter set i2r'h.
ARTICLE 1.-The name and style OF this
co-noration shall be Alfred II. Clement q
Company. Inc, and under this NAME II shai !
hive ali the power and authority conferred
mon corporations by the laws OF the S'a:e
- I onjsiana and OF the United States OF
America Ii shall have existence tor petloa
5f uinetv-nine years from this date, uniesS
sooner legally dissolved. 1t shall nave pow
er TO contract, sue, and be sued, IN us col :
se,I and the same TO break or alter al
measure; TO hold, receive, lease suo-Iease'
purchase, sell, convey, and exchange prop
erty real. personal or mixed; 10 mo, gage
pledge, or hypothecate the same; 10 DoiIom
nv lend money, securities, and FaIudOIe
.t;rgs generally in any matters connected
with the purposes or business OF the corpora
ZION: TO issue bonds notes, and other obi,
cations, and negotiable instruments ana
commercial paper generally; to appoint suNh
officers agents, managers, and employees
generally, as the business and interests OF
the corporation may require; TO change moo
~. or amend this charter, and 10 establish
alter. and amend all rules, regulations, ana
bylaws for the conduct and management oil
the business OF the corporation III any way
conformable TO law.
ARTICLE 1.-THE domiclle OF this corpora
ZION shall be in the City of New Orleans
State of Louisiana, and all citations or olheF
legal process shall be served upon the PreSl.
dent OF this corporation, or, IN the event OF
his absence or inability to act, then upon
the Vice President; and, in the absence OF
both these officers, service shall then De
made in the manner provided by law.
ARTICLE III.-The objects and purposes
for which this corporation IS organized, anu
the nature Of the business TO be carried on
bv it, are hereby declared to be: 10 act as
freight brokers and forwarding agents IN OBJ
tanning the transportation OF freight, either
by rail or water, or by both, from any point
in the United States Of America, or else,
where TO any other point IN the Onited
States of America, or elsewhere, or from any
point outside the United States OF America
10 any point in the United States of America,
or elsewhere.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum OF
Ten Thousand Dollars CSl0OO.0O, divided
into one hundred shares. OF the par value OF
one Hundred Dollars $4,000 each. The
capital stock of this corporation may be IN
creased to the sum of Fifty Thousand Dol
lar. tS5OUOO0). No stakeholder shall sell
or dispose of any of the stock OF this corpo-
ration without first having offered the same
for sale to the other stockholders, by let
ter addressed TO the President or to the
Board of Directors OF the corporation, naming
therein the lowest proposed price OF sand
stock and the proposed term of sale. After
thirty DAYS from the receipt of such written
offer, and the failure OF the stockholders, or
any of them, TO purchase the said stock upon
the proposed terms OF sale, or at least terms
no worse than those proposed, the owner OF
the stock shall then be at liberty to sell
such stock for not less than the said proposed
price and upon the said proposed terms, or
at least terms not more favorable to the pur-
chaser than those submitted to the stockhold-
ers This rule shall apply to each specific
sale or proposed sale of stock.
Should any stakeholder pledge any OF his
stock he shall immediately notify the remaining
stockholders of the corporation IN writing
through a letter addressed to the President
of the Board of Directors, as in the aforesaid
case of proposed sale of stock, OF the tact
Of such pledge together with the name and
address of the Pledge, and shall accompany
such notification with copy OF the act or
instrument of pledge; and before, or upon,
the default OF the pledger TO meet the obli-
CATION for which his stock stands pledged,
the stockholders of the corporation shall be
entitled TO take I'D such pledger's obligation,