The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-15
CHARTER OF ORLEANS STEEL PRO
DUCTS COMPANY, INCORPORATED,


of New Orleans. Be it 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 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 are hereunto
subscribed, who severaly declared that avail
ing themselves of the laws of the State of
Louisiana relative to corporations, and
pecially Act 267 of 1914. they have covenanted
and agreed to bind form and constitute
themselves and do hereby bind, form and
other persons as may hereafter join or be-
come associated with them into corporation
and body polite in law, for the objects and
purposes and stpulations 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 ii shall have and enjoy succession
for 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. and be
sued; TO make and use corporate seal, and
the TO break or alter at pleasure; to
hold, receive, purchase, convey, mortgage and
hypothecate property. real, personal and
mixed. 10 issue bonds, notes, and other OBJ
legations, to elect and appoint such man.
ayers, officers, directors, agents and other
employees as the interest and convenience
of the Corporation may require or demand,
and make and establish such bylaws, rules
and regulations for the corporate management
and control of its business and affairs as
may be deemed necessary and expedient; to
sell, assign. transfer mortgages pledge, or
otherwise d spose of bonds 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 domicile 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 il 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 or every description
and generally to do and engage in any kind
of business connected with OF incidental to
| the foregoing and in any other business not
prohibited by law.
ARTICLE IV.-The capital stock of this
l
Thirty Thousand Dollars (s30,O0o00), 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 (S75y0O0.0O by a 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.
| 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 OF such
offer mail a written notice addressed to each
stakeholder of the company at his last known
| address. stating the number OF shares 50
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 theii
| desire to purchase exceed the number o
shares offered. such offered shares shall b
distributed to the prospective purchasers ii
! such proportions as the Board of Director
deem best.
| ARTICLE v.-All the corporate powers o
this corporation shall be vested in and tn
management and control of its business an
affairs shall! be exercised by a Board o
! Directors composed of not less than tire
nor more than five stockholders TO be elect
ed annually from among the stockholder!