The herald., 1919-04-17
CHARTER OF ORLEANS STEEL PRO
DUCTS COMPANY. INCORPORATED

State of Louisiana. Parish of Orleans. CITY
OF New Orleans. Be il known. that on this
second day OF the month of April, in the
year one thousand nine hundred and nine
teen. before me. Andrew NJ Buchanan,
Notary Public, duly cOmmi Ssioned and quail.
tled IN and for the Parish OF Orleans State of
Louisiana, aforesaid. and in the presence of
the witnesses hereinafter named and under
signed personally came and appeared the
several persons whose names are hereunto
subscribed who severally declared that avail.
ing themselves of the laws of the State of
louisiana relative to corporations, and es-
peclalIy Act 267 OF 1914, they have covenanted
and agreed to bind, form and constitute
themselves and do hereby bind. form and
constitute themselves well as all such
other persons may hereafter join or be.
come associated with them into a corporation
and body polite in law. for the objects and
purposes and stipulations following to- wit:
ARTICLE 1.-The name and style of this
corporation shall be Orleans Steel Products
Company. Incorporated, and by said corpo-
rate name it shall have and enjoy succession
for a period of ninety-nine years unless
sooner dissolved in the manner provided by
law. and by the articles of this charter; and
under such corporate name IT shall have
power and authority to contract, sue and be
sued; to make and use corporate seal, and
the same TO break alter at pleasure; to
hold receive, purchase, convey, mortgage and
hypothecate property, real. personal and
mixed, to issue bonds notes, and other OBJ.
legations, to elect and appoint such man.
ayers, officers, directors, agents and other
employees as the interest and convenient,
of the Corporation may require demand
and make and establish such bylaws, rule!
and regulations for the corporate management
and control of its business and affairs a
may be deemed necessary and expedient; tc
sell, assign, transfer mortgages, pledge, OF
otherwise dispose of bonds or other securi-
ties or shares of capital stock of any other
corporation or corporations whether foreign
or domestic, and to own stock in any other
corporation or corpratins, and to vote the
same.
ARTICLE 1.-THE domcle of the said
corporation shall be in the City of New Or.
leans, State of Louisiana. All citations and
other legal process shall be served on the
President, or in his absence on the Vice
President, of the said corporation; in the
absence of both President and Vice-President.
then said process shall be served on the
Secretary Treasurer.
ARTICLE III.-The objects and purposes
for which this corporation is established and
the nature of the business to be carried on
by it are declared to be: To conduct a
steel products and jobbing business in all
its branches; to manufacture, buy and sell
at wholesale and retail all kinds OF sheet
metal and metal work OF every. description
and generally to do and engage in any kind
of business connected with or incidental to
the foregoing and in any other business not
prohibited by law.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum OF
Thirty Thousand Dollars ($30.OOOOO, divided
into and represented by three hundred shares
of the par value of one hundred dollars
$4,000 each. The amount of capital stock
may be increased TO seventy.five thousand
dollars (S75,0OO.0O by vote of two-thirds OF
all outstanding stock and according to. the
laws of the State of Louisiana. All stock
shall be issued for cash or its equivalent.
All stock shall be full paid and non-assess-
able and no transfer of stock shall be bind.
ing upon the corporation unless recorded
upon its books. No shareholders of the
! company shall at any time offer for sale
or sell his stock either privately or other.
wise without having previously offered SAID
stock at its book value the other stock
holders of this company by means of writ
ten communication addressed to the ranking
officer of the Company present in the City
of New Orleans at the time. Such ranking
officer, upon receipt of such communication.
shall within five days of the date 81 such
offer mail written notice addressed TO each
stakeholder of the company at his last known
address, stating the number of shares so
offered and the price thereof. Failure by
any stakeholder to reply within ten days
of the date of said communication, shall be
considered as a refusal on his part to pur.
chase any of the stock so offered. Should
the number of shares which the various stock
holders in reply TO said notice signify their
desire to purchase exceed the number OF
shares offered such offered shares shall be
distributed 10 the prospective purchasers IN
such proportions as the Board of Directors
deem best.
ARTICLE V.-All the corporate powers OF
this corporation shall be vested in and the
management and control of its business and
affairs shall! be exercised by Board OF
Directors composed of not less than three
nor more than five stockholders TO be elect
ed annually from among the stockholders
The first Board of Directors shall serve un,
til the election to be held on the third
Tuesday in March, 1920. or until their sue
cessors are duly elected qualified and in