The herald. [volume] (New Orleans, La.) 1905-1953, 1919-11-06

ment IS approved and made by the under
Oct. 2-Nov 6.
CHARTER OF UNION COMPRESS
COMPANY, INC.
State of Louisiana, Parish of Orleans. City
of New Orleans Be it known, that on this
oath day of the month of September in the
year One Thousand, Nine Hundred and Nine
teen. before me. William Waller Young, a
Notary Public. in and for the Parish of Or
leans, State of Louisiana, duly commissioned
and qualified, and in the presence of the wit
nesses hereinafter named and undersigned
personally came and appeared the several per-
sons whose names are hereunto subscribed all
above the full age of majority, who seyeraly
declared that, availing themselves of the laws
of the State of Louisiana, and especially the
laws relative to the organization of corpora
tons, they have covenanted and agreed to
bind, form and constitute themselves, well
as all such other persons as may hereafter Join
or become associated with them, into a cor
poration and body polite in law, for the OBJ
jects and purposes and under the articles,
agreements and stpulations following, to-wt ::
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
ninety-nine years from this day. 1t shall have
power to contract, sue and be sued to make
and use a corporate seal, and the same to alter
ana break at pleasure; to hold. receive, lease.
purchase, sell and convey, as well mort
gage, hypothecate and pledge property, real,
personal and mixed, corporal and incor-
poreal to name and appoint such managers,
directors, officers, agents and other employees
as its interest and convenience may require,
and to make and establish, as well as alter and
amend, from time to time, such bylaws. rules
and regulations may be necessary and ex-
pedient for the proper management and gov
eminent of the affairs of this corporation.
ARTICLE 1.-THE domicie 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 be served upon the
president of said corporation, or in his alb
sence upon its secretary.
ARTICLE nI.-The objects and purposes of
this corporation, and the nature of the bust
ness to be carried on by it are hereby declared
to be to do a general COMPRISING and ware
housing business, and all the business neces-
sarily or implicitly incidental there to, and to
that end to operate machinery for COMPRISING
cotton or other fbrous materials to purchase,
lease, suitcase, own and operate cotton
presses and congresses; to purchase, lease,
suitcase own and operate warehouses: to
| carry on the business of public warehouse
man to issue warehouse receipts, negotiable
or non-negotiable: and to do any and all
things Complementary or incidental to a gen.
eral warehousing and COMPRISING business.
ARTICLE IV.-The capital stock of this cor
poration is hereby fixed at the sum of One
Hundred Thousand (sl00, OO0.OO) Dollars, to be
| divided into and represented by One Thou
sand Q.000l shares, of the par value of One
Hundred (Sl00.00) 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 bs
increased to the sum of Two Hundred ano
| Fifty Thousand $3.50, 00G.00) Dollars.
ARTICLE V.-All the corporate powers Of
| this corporation shall be exercised by a BoarC
| 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
| stitute a quorum for the transaction of al
business. The Board of Directors shall cleo
annually from their number president,
| vice-president and a secretary and treasurer
The Board of Directors may join the office:
of secretary and treasurer and may elect on,
| person to hold both offices, or may elect
person who is not a stakeholder for the offic'
of secretary. The first Board of Directors
shall consist of five stockholders, and shall b,
| composed of George S. Freirson, Baylis
Harriss, Clarence C. Bryan, John F. Finke
| Jr., Charles II. Frierson and Floyd w. Nor
gan, with the said George S. Frierson as pres
| ident, Baylis E. Harriss as vice-president, ant
Clarence c. Bryan as secretary-treasurer.
The postoffice addresses of said Director
| are as follows: George S. Freirson, 1920 Henri.
| Clay Avenue, New Orleans, La; Baylis E
Harriss. Galveston, Tex; Clarence C. Bryan
1401 South Peters Street, New Orleans. La
|
leans La; Charles H. Freirson, 1104 Stat
| Street, New Orleans, La. Floyd w. Morgan
1885 Pine Street. New Orleans. La Thes
| Directors shall serve until the third Wednes
day of September, 1920. or until their success C,
| sors have been duly elected and qualified. TIL
| annual meeting of stockholders for the cleo
ton of Directors shall be held on the thir'
| Wednesday of September of each year, unles
said day be legal holiday, and then on tn
next bank day thereafter. Any vacancy oc
| ha nv IA
ton or otherwise, shall be filled by election
for the unexpired term by the remaining Di
rectors. Each subscriber hereto sets after hi
name his postoffice address and statemen
of the number of shares of stock which h
| agrees to take in the corporation. At all cleo
tons every stakeholder shall be entitled t
one vote for each share of stock standing i
his name on the books of the corporation,
be east in person or by his written proxy.
| majority of the votes cast shall elect.
ARTICLE Win the event of the liqui
dation or dissolution of this corporation tn
stockholders shall elect three liouidators fror
among their number at a meeting convene
for that purpose, after fifteen (l5) days writ
ten notice sent to each stakeholder by mail I
his last known address; said iquidators sha
, have the authority to wind up the bushes
and affairs of this corporation. In case of tn
death of liquidator the survivors shall al
point a stakeholder as successor to him.
ARTICLE Widths charter may be mod
. fled, changed altered, or said corporatio
may be dissolved. with the assent of stool
, holders owning two-thrds of the entire cal
ital stock, at a general meeting of the stool
holders convened for that purpose. after fiftee
Q5) days written notice shall have bee
given to each stakeholder. mailed to him at h
last known address.
ARTICLE VIII-No subscriber for stoc
, shall be held liable for the contracts, faults
debts of said corporation in any further SUI
than the unpaid balance if eny, due the CO
, poration on the stock for which he has sui
scribed nor shall any stakeholder ever be he
/, liable for such contracts, faults or debts in ar
5 further sum than the unpaid balance, if an
q on the stock owned by him nor shall any me-
E tnformality in organization have the effect
rendering this charter null, or rendering al
subscriber stakeholder liable beyond the Vi
? paid amount, if any. remaining due on h
s stock.
Y ARTICLE IX.-This corporation is orga
: lied under the laws of the State of Louisian
: and especially Act No. psf Of 1914, and Il
5 subscribers hereto. for themselves and said co
? poration. and for its officers, Directors al
: stockholders. hereby accept, as part Of tn
, charter. and as conditions of this corpofatio
all the rights, powers. privileges and IN
- A. II 80