The herald., 1919-10-02
CHARTER OF GREAT NORTHERN
GRAVEL AND SAND COM
PANY, INC.


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wear .rr .l,.,-.rI -I.-.. A.,~gr.T ,-I mine.
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] -4~y Public I.,rv commissioned and ~y..-..
IN aud f,r The Parish of Or'r.r- and C...
IF New Orleans. therein residing. person
ally came and appeared the persons Who's.
. names are hcruntD Subscribed who declared
that, awaiting themselves Of the provisions
% the laws ~ 'Ar State, relative q the or
. 21"'zati'1 ot corporations, they have cove
nsuteI and agreed and d. by these presents.
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/ AKlitLE l-lhe name and title OF tins
corporation shall be, Great Northern Grave.
and Sand Company, incorporated, and u~drr
its corporate name It shall have and enjoy
existence and succession tor the term % one
hundred years from tAlS date. and all the
rights, advantages, and privileges granted
by law 10 corporations, including power t.
contract sue and he sued III ITS corporate
/ name; 10 MAKE ana use corporate seal ana
the same to break and alter at pleasure; TO
hold, receive, purchase, convey, mortgage, by
Pothecate and pledge property. real and per
~onaI; to issue bonds, notes and other o1l'Sa-
tons; 10 have and employ managers. d'rcc-
tors, officers. agents and other employees.
as the interests and conyeniences OF the cor
porat'on may require; and TO make and cStah-
iish such committees and to create such by
laws, rules and regulations for the corporate
Of said CORPORATION as nav be deemed ne1e,.
s3rv and expedient
ApTTCrE ~ IT, J,.,;.;,, - H., ..-...-.
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,to'I s,'ii ne ''E NY oi Ne" pI.e1ns, Hsale
VI lou s,a',A' ,l'd,'oh ana 3'H'F Iesa' pro
- Ian DC Se'Egu -! me IIes'uCnt or III
US ''sT.,e vi NANNY ~ "'n no" any
.Hast ""4'socEC'' dP'" NIcc-ifeNiIeit OF
INC oS-'e'1'! treasurer
/ ARTICLE lll.-Ihe objects and purposes
OF this corporation are to engage IN the bust
ness OF buying and selling gravel. sand, ce-
ment and paving materials, and the same 81
import and export. To deal add operate at
wholesale and retail as principal, agent, on
commission or otherwise in said products. To
purchase, lease or otherwise acquire, gravel
producing such minerals. To own, operate
and conduct buildings. mills. machinery,
tools and appliances for the uses and pur-
poses Of the business and the same TO change
alter substitute, sell and hypothcCate at
viii; and generally to do and perform all
things needful, necessary, proper or useful
Tor the accomplishment OF the purposes OF
the corporation. The whole in the State oi
Louisiana, the States. Territories and pos
cign states and territories. with the right to
have offices and places Of business and rem.
rcsentatives in anv or all of the sane 4
change of the objects and nurno,es az thss
corporation NAV be mad, Inv The ,ote If ali
/ the Stockholders at a meeting called for tIIat
purpose
!
iItLE lN.-lhe capital stock of this
corporation snail be twenty thousand $50
nyVD Dollars, divided INTO Two Hundred
l-Dl SHARES OF the par value OF $1,000 each;
WMch sad stock shau be paid Tor IN cash.
/ Inc capital stock may be- increased TO FIFTY
J housand tS9OooVD Dollars by a vote of
! tWo. tMfdS OF az OF MS stock at meeting
oil me stochh0iders called i9r that purpose
" 40 STOCK shaII De sod or transferred
/ untl an opportunity IS tirSt afforded al.
! otner stockAoideTS OF record To purchase sad
ShareS OF STOCK al DOCK value as shown by
| tAe inventory preceding sucn notice; written
nouCc Sna!I De gwen by the owner 10 the
: board OF DIRECTORS tor the use and benefit
OF suGh otner st9ckhoIders; 1t ShaIl be trans
IuII'eu without ueidy ny me board 10 tnem
and must De aGcepted Wltnin tmrty DAYS
| for in cash within ninety DAYS from such
notice. The stockholders shall have the
right to buy said shares in proportion to their
| holdings and any shares not taken in pro
portion may be taken by the other share
! holders. Failure of the stockholders 10 buy,
! shall by the mere expiration of the time limit.
release the stockholders from the effect of
| this provision.
/ -,
|. " NheHeVef any StockhoIdef whose hoid-
| ligs tosether win those OF ms surviving
! Nhe OF chlIdren' II any ShaIl aggregate
! twenty per cent OF more OF the .cdpitaI STOCK
OF this Corporauon' shaIl dle' ms successors
| heirs OF Iegal fepfesentahveS VIII nave the
| IleHl 10 tehuer tne who're OF ule STOCK OF tiis
| corporation owned oy Sald decedent ana ms
| surviving WHe OF Childreh' any; 10 De
| p''NHdseu ny tIe 81, wing s'orN"'lgela dt
| tIie PIi0e SCI our IN ,le IiIst PaIag'dph HeIe-
Oh. - sldIl pe lng uuly OF tne boaiu o, ~
teGtprs 10 submit tne said oiler 10 inc STOCK
| hoIuers' ana II WlthH INC tl're hereihdpoVS
PrescIioeu tne oner s1aiI NOT DC accepted
! ana the STOCK purchased, tHen inc saIu sue,
SCISSORS, helLs OF iegdl IePresJHldtVes shdli
| dvc tte IlsiIs 70 ueIdIu l!c p'SSo','''o" anu
| lqIi!ualioh Vi tne eolPoi dItoh ana m ue
isuit 10 Apply 20 any ooe'! oI tolIle.eHt Jun,
GIC'oii LOT ulssoiutiUh VI tHIS coIPIi dl'oh anu
.ne 81 .ne SAINT any Id" To- ,ie
$500 ;i. a. a." ,,
answer to said proceedings. TO dissolve and
! lquidate in the manner prescribed by the
| law of Louisiana.
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.p W $50 , sna.I DC neau III '' Ifs; W
80. - -, bs,.;LoI g. =;
| 49, [nLo-.or 80 .t;L -, - 80 sr-od .;,b
~ oa,so,. oF ~. Pa,-J IS D;-ec+o-. 80
srcb o-,rIo,,.a =. 81. So IS ~ J,,-;,, .,,
| oIo,.-,ertt uLore,,.r s,,ct er,nlnS,,art
rra,sae .L-o,,rb JoatL -es;a,,.;o- d;s,,;ss,i
nv otberyiee The Rood ~ Direc.ors sbaII
call The stoct ~ that nereon for transfer n
The ofber e,octboiJers as nroviled in This
charter, and the price to be paid shall be
book value as per inventory last preceding