The herald., 1919-10-02
CHARTER.


or become associated with Them into a cor
poration and body polite in law. for the OH
jects and purposes and under the articles,
agreements and stipulations following, to-wlt
ARTICLE 1.-The name, style and title OF
this corporation shall be Union Compress
Company Inc. and under that name it shall
have and enjoy all the rights advantages and
privileges granted by law to corporations.
and shall exist for the full term and period Of
ninety-nine years from this day. II shall have
power to contract, sue and he sued to max,
and use a corporate seal. and the same to alter
and break at pleasure; to hold receive, lease.
purchase, sell and convey. as well as mort
gage, hypothecate and pledge property. real.
personal and mixed, Corporeal and incor-
porcal: to name and appoint such managers,
directors officers, agents and other employee
as its interest and convenience may require,
and to make and establish, a well as alter and
amend, from time to time, such bylaws, rules
and regulations rs may be necessary and eN-
pedieut for the proper management and gov.
ernmcnt of the affairs of this corporation.
ARTICLE 1.-THE domicile of this corpora
ton is hereby fixed in the city of New Or
leans. State OF Louisiana, and all citations or
other legal process shall toe served upon the
president OF said corporation, or in his alb
~ence upon its secretary.
ARTICLE III-The objects and purposes OF
tins corporation, and the nature of the bust
ness to be carried on 10y 1t are hereby declared
to be to do Il general COMPRISING and ware
housing business and all the business necos-
s;try or implicitly incidental there to. and e.
that end to operate machinery for comprcssiu.r
cotton or other Gbrou~ materials to purchase,
lease, suitcase, own and operate cotton
presses and comprcsses; to purchase lease.
suh-lease. own and operate warehouses; t.
carry on the business of public warehouse
man; to issue warehouse receipts. negotiable
or non-negotiable; and to do any and all
@ and c,of,, b,'i,
'
ARTICLE IN.-Ihe capital stock of this cor
poratlou is hereby fixed at the sum of one
Hundred Thousand (SlG0, 100000 Dollars. to be
divided into and represented by One Thou
sand U.UvvD Shares OF the par value of One
Hundred (SIUU.UU) Dollars each; said stock
shall be 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 $3.50 100000 Dollars.
,rcrr-,,. - -,
AhIIolE v. al the corporate powers OF
'ii1 COL l'ola'loH Si'"n De exercised by b"dfH
VI N'leN''i', '"iS'SCl'N VI NOT ItS" IMAM three
"oI more IMAM S'N S'"CNholdefS' three OF
"''o''i' e't'et present IA PEI son or represented
oS pIoNS Heid ny another director snail CON
'''u1e d IuoI an II' t"G transaction OF al
pusIi''HS. inc po"iu Vi directors shaiI elect
- -; lto''' - "uiiI"eI " p'eSlueh'' d
Wy, ~ esiuen' anu secretary ana treasurer
'e Do.iu VI "a e'''lH may io'h t"e OFFICES
'''' O''N
Ie .''l 10 hoid noih oniee7i or may eject d
pei son Nno Is i nol stocAmoiuef Tor the ONCE
III o.,,';t a'.. - DoaIu Oh Director
composed OF George 5. Freirson. Baylis f.
HarrisS, Clarence c. Bryan, John +. tInkc.
Jr., Charles II. Frierson and Floyd ". Nor
gan, with the said George 5. Frerson as pres
ident Baylis l.. Harriss as vice president, and
Clarence {. Bryan as secretary-t treasurer.
n
PT1'oii1I "uuI eSSe5 OF said directors
"' 'oNO"S' Ie'iSe o. rIeIISoh' l--V iieht.
IL - "" " 'e"LS' Lid bayilS T.
IAN S,tb %. S. Stdlei,Ge = bryan
John +. Finke. Jr., SIG Union Street. New Or
leans La; Charles II. Freirson, llOI State
Street, New Orleans. La; Floyd W. Morgan.
l235 Pine Street New Orleans, La These
Directors shall serve until the third Wednes-
day OF september, 1920, or until their success
sors have been duly elected and qualified. The
annual meeting OF stockholders for the cleo
ton of Directors shall be held on the third
said dav he a I'LL hoIidaI, ,,i - vi -,
nezt hank dav thareaft.r - r,.,os,,. I
ci,I.rin,r a,,,,TI,c tn. Dire,t,,r.. h.. II -;
ton or otherwise shall he fIIIgd Inv eI.ctin,,
for the unaN,,irad torn, b,, ~, ,..,f,,i,,r -.
rectors Each subscriber hot, 81 80. -
name his postotTice address md - .-st..r,,.,,,,
of the number of snaras of sr,cy ,,,Eicb b.
agrees to take in the corporation Al nj aln.-
ti0ns every stock hoIde. shall 10 o,titIod =,
one vote ion. each share of stool standirr =,
his name on the hooks of tho connection a.
be cast in person or nv his written rro,,, 4
majority Of tho vote. cast sL,II aIa+
. ARTICLE Win the event of tho Io,,id,-
ton or dissolution nj This cor,or.,tinI, 49,,
stockholders shall elect three Iinridatnrs from
among their number at a r,eat,n,r convene
for that rurpose after fifteen G5l DAYS ,-rit
ten notice sent to each stockholder NV mail +,
his last known address: said liuIIidators shall
have the authority to wind up the busIne,-
and affairs of this CORPORATION In case of the
death OF a Incubator the survivors shall an
point a stakeholder as successor In him
FllCLE Wins charter may be modi-
heu' Ghahsed or altered or SAID corporation
may De dissolved WITH the assent OF stock
ital stock at a general meeting of the stock
holders convened for that purpose after fifteen
Q5) days written notice shall have been
given to each stakeholder, mailed to him at his
last known address.
,D,,,,,,r ,
~ II NO subscriber LOT stoch
1ilt'.l ne'u hdole IoI 'ne contracts iauts or
than the UNPAID balance if anv dua tba carl
nnration on The stock for ,,,6ib - - -
scribed; nor shall any stakeholder ever be helu
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 mer,
ihIoi manly III organization nave the erect 0.
Ieiiueritls TINS cha[ter null or rendering any
?I y. 'NnoiueL lIdole beyond the IN
pau amount II any leilaiIihg que on ms
''0'N'
ARTICLE IX-Tbis corporation is or,an-
lied under the laws of the State of Louisiana
and especially Act No 267 of 1914. and the
SUBSTITUTES hereto lor themselves ana SAID cor