The herald., 1919-10-16
CHARTER.

! presses and congresses; to purchase lease,
! sub-lease, own and operate warehouses; Ia
! carry on the business of public warehouse
! man; to issue warehouse receipts, negOtIabl e
or non-negotiable; and to do any and all
. things complementary or incidental to a gen
eral warehousing and COMPRISING business.
1 ARTICLE IV.-The capital stock of this cor
poratiun is hereby fixed at the sum OF One
Hundred Thousand (SloO,UuO.OuD Dollars, to be
divided into and represented by One Thou
| -and U,0Oo) shares, of the par value OF One
Hundred 100000 Dollars each; said stock
shall lie paid for when and in such INSTALL
ments as directed by the Board OF Directors
The capital stock Of this corporation may be
increased to the sum Of Two Hundred ana
Fifty Thousand (S25O,Uvo.0O Dollars
ARTICLE N.-AU the corporate powers OF
this corporation shall be exercised by Board
of Directors, consisting OF not less than three,
nor more than SIX stockholders, three OF
whom, either present IN person or represented
by proxy held By another Director. shall con
sIitute a quorum Tor the transaction OF ada
business. The Board OF Directors shall elect
annually from their number = president, a
vice-president and a secretary and treasurer.
Inc Board OF Directors may join the offices
Of secretary and treasurer and may elect uEe
person to hold both Offices or may elect /"
person who IS not a stakeholder Tor the Office
OF secretary. The first Board OF Director
shall consist of i've stockholders, and shall D,
Harriss, Clarence c. Bryan. John L. Fiuke.
Jr., Charles ii. FriersUn and Floyd ". Nor
gan, with the said George ). FrIersun is pres
ldent. BaylIs +. HarrIss as yice-president, ana
Clarence C. Bryan as secretary treasurer.
The postofrice addresses Of said Directors
are as follows: George :. Freirsun, 1920 Henr
Clay Avenue New Orleans, La; Bayls f.
Harriss, Galveston, Tex. Clarence {. Bryan,
l4Ul South Peters Street, New Orleans, La. ,
John /. Finke. Jr., Sl6 Union Street, New Or
leans La; Charles ii. Freirson, llU4 State
Street, New Orleans, La; Floyd W. Morgan
1875 Pine Street, New Orleans, La. These
Directors shall serve until the third Wednes-
day OF September. 1920. or until their success
sorS nave been duly elected and qualified The
annual meeting OF stockholders for the cleo
ton of Directors shall be held on the third
Wednesday of September of each year, unless
said day be legal holiday, and then on the
next bank day thereafter. Any vacancy oc-
curing among the Directors by death, resigna-
ton or otherwise, shall be filled by election
Tor the unexpired term by the remaining DI-
rectors Each subscriber hereto sets after his
name his pOstotfice address and statement
of the number of shares of stock which nc
agrees to take in the corporation. At all cleo
tions every stakeholder shall be entitled TO
one vote for each share of stock standing IN
his name on the books OF the corporation, To
be cast in person or by his written proxy. y
majority of the votes cast shall elect.
ARTICLE Win the event of the Hquida-
ton or dissolution of this corporation the
stockholders shall elect three liquidators from
among their number at a meeting convened
for that purpose after fifteen C5) days writ
ten notice sent to each stakeholder by mail to
his last known address; said hqudators shall
have the authority to wind up the business
and affairs of this corporation. In case of the
death of liquidator the survivors shall APP
point q stakeholder successor to him.
ARTICLE Widths charter may be modi-
i
may be dissolved, with the assent OF stock
holders owning two-thirds of the entire cap
ital stock. at general meeting of the stock
holders convened for that purpose, after fifteen
G5) days written notice shall have been
given to each stakeholder, mailed to him at his
last known address.
ARTICLE VIII.-No subscriber for stock
shall be held liable for the contracts, faults or
debts of said corporation in any further sum
than the unpaid balance, if any, due the cor
poration on the stock for which he has sub
scribed nor shall any stakeholder ever be hello
liable for such contracts, faults or debts in any
further sum than the unpaid balance. if any,
on the stock owned by him nor shall any mere
informality in organization have the effect OF
rendering this charter null, or rendering any
subscriber or stakeholder liable beyond the I'M
paid amount, if any, remaining due on his
stock.
ARTICLE IX.-This corporation is organ
and especially Act No. 267 of 1914. and the
subscribers hereto. for themselves and said cor
poration, and for its officers, Directors and
stockholders, hereby accept, as part OF this
charter and as conditions of this corporation,
all the rights, powers, privileges and I'M
munities granted to corporations and granted
to and conferred upon officers, Directors and
stockholders of corporations by said laws and
said act i; said acceptance being as full, COM
plete and binding as if said rights, powers,
privileges and immunities were set forth al
full length in this instrument.
Thus done and passed in my Notarial office
in the city of New Orleans aforesaid, in the
presence of Frazer l. Rice and Daniel Con-
way Finan, competent witnesses of lawful age
and residing in this city. who hereuntO sub
scribe their names, together with said parties
and me, Notary, on the day and date set
forth in the caption hereof.
Original Signed) Names of subscribers
omitted.
Witnesses: Frazer L. Rice. D. Conway
Finan.
(SeaD w. W. Young,
Notary Public.
I, the undersigned Recorder of Mortgages
in and for the Parish of Orleans, State OF
louisiana do hereby certify that the above and
foregoing Act of Incorporation of Union Com
press Company Inc, this day duly re-
corded in my office, in Book 1921, Folio 4l2. |
New Orleans, La, Sept. %, 1919.
(Signed) EMILE J. LEONARD, by. R.
I hereby certify the above and foregoing to |
be a true and correct copy of the original act
on file and of record in my office.
In faith whereof / hereunto set my hand
and seal, this 25th day of September, 1919.
W. w. YOUNG,
Notary Public.