The herald. [volume] (New Orleans, La.) 1905-1953, 1919-04-10
CHARTER OF ORLEANS STEEL PRO
DUCTS COMPANY, INCORPORATED

State of Louisiana, Parish-o Orleans, City
Of New Orleans. Be it known, that on thu
second day of the month of April in the
year one thousand nine hundred and nine
teen, before me. Andrew NJ. Buchanan, a
Notary Public, duly commissioned and quail
fled 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 herennto
| subscribed, who severally declared that avail.
! ing themselves of the laws OF the State OF
| Louisiana relative to corporations, and es-
pecially 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 as 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-wli
ARTICLE 1.-The name and style OF TINS
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 II snail nave
power and authority to contract, sue and De
sued: to make and use a corporate seal, and
the same to break alter at pleasure; Il
hold, receive, purchase, convey, mortgage aht
hypothecate property. real, personal an i
mixed 70 issue bonds, notes, and other OBJ
legations, to elect and appoint such man
ayers officers, directors, agents ana otne
. emDlovees as the interest and convenience
of the Corporation may require OF denhdlu
, and make and establish such bylaws, lule
and regulations for the corporate management
and control of its business and affairs a
NAV be deemed necessary and eXpedient; l
. sell, assign. transfer mortgages, pleoge,
. | otherwise dispose of bonds or other secur'
: ties or shares of capital stock OF any otne
. | rorporation or corporations whether toreig
: or domestic, and to own stock IN any othe
: corporation or corpratins, and to vote tn
2 | same. A., -;
6 ARTICLE 1.-THE domicile of the s a
> | corporaiton shall be in the City OF New vi
:: leans. State of Louisiana All citations an
u other legal process shall be served on I'll
y President, or in his absence on the wee
g President, of the said corporation; IN IN
. absence OF both President and Vice-Presiden
- then said process shall be served OH u
"a Secretary-Treasurer
le ARTICLE III.-The objects and purpose
for which this corporation is established al
Il the nature of the business to be carriea
~ by it are declared to be: 10 conduct
~ steel products and jobbing business IN
e. its branches; to manufacture, buy ana sc
~ at wholesale and retail all kinds OF she
~, metal and metal work OF every descripti'
rs and generally to do and engage in any XII
"a of business connected with or incidental
~ the foregoing and in any other business n
n. ARTICLE IV.-The capital stock of II
re corporation is hereby fixed al tne sun;
-, Thirty Thousand Dollars (S30.00Oo), diyid
~, into and represented by three hundred snai
y, | Of the par value of one hundred doii'
% $4,000 each. The amount OF capital SIC
-. NAV be increased to seventy.tive thousa
81. dollars (S75.OOOC) by a vote of two-thirds
ne ali outstanding stock and according to
~ laws Of the State of Louisiana. All ste
ne, shall be issued for cash or ITS equivale
,,n All stock shall be full paid and non asse
' able and no transfer of stock shall De oii
II
ny, nnon its books No shareholders OF
w company shall at any time offer Tor 5
~. or sell his stock either privately or ON
no wise without having previously offered 5
NV stock at its book value 10 me other sto
~. holders of this company by means OF
III ten communication addressed TO the ranS x
-, officer of the Company present IN the
of New Orleans at the time -Sucn iank
officer, upon receipt of such cominunicau
..r Shall within five days of the date OF $
Ter eff.- nail a written notice addressed to e
,ss stakeholder of the company at his last kno
"a address. stating the number OF snares
on offered and the price thereof rue
~. anv stakeholder to reply within zen
re- of the date OF said communicative I . 80
CIV considered as refusal on his part 70 O. J
a.. c5,se anv of the stock SO offered. Sho
~; the number of shares which the various SIC
'crs holders in reply TO said notice SIGNIFY I
ali desire to purchase exceed the nuMoeI
sn. shares offered, such offered shares shaiI
en a;s.r;b,ted N the prospective purchasers
pur- distrfouieu - IN ~ Road of Direc
our- such proportions % S
deem best.
1v ARTICLE V.-All the corporate power:
,s This corporation shall be vested IN ana
d manasement and control of its business
Of affairs shall be exercised by Board
.p. directors composed of not less than Z
,sed nor more than five stockholders to ps E!
who ed annually from among lie Iii go
old The first Board OF plIeG'o is .hs ,
each til the election 10 DC, DC heiu u, .bs;-
to Tuesday IN march, i7-o, Vi 81