The herald., 1919-10-23
CHARTER OF UNION COMPRESS
COMPANY, INC.

Oct. 2-NOv. g.
CHARTER OF UNION COMPRESS
COMPANY, INC.
State of Louisiana, Parish of Orleans or,
, or New Orleans. Be it known that ON tbis
24th day of the month of September. in thf
year One Thousand. Nine Hundred and Nine.
seen' peIore me, William Waller Young, a
Notary Public, in and for the Parish of Or
leans. State of Louisiana, duly Commissioner
and qualified. and in the presence of the Wit
hesses hereinafter named and UNDERSIGNED
personally came and appeared the several per.
sons whose names are hereunto subscribed oil
above the full age of majority who sevaraIIy
declared that, availing themselves of the laws
OIL the State OF Louisiana, and especially the
laws relative to the organization of corpora
tions, they have covenanted and agreed to
Dlhd. form and constitute themselves as well
as all such other persons as may hereafter ioin
or become associated with them into cor
poration and body polite in law, for the OBJ
1ects and purposes and under the articles,
agreements and stipulations following to-wit :
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. 1t shall have
power to contract, and be sued; to make
and use corporate seal, and the same to alter
ana break at pleasure; to hold receive lease
purchase, sell and convey as well as 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 as may be necessary and ex-
pedient for the proper management and gov
eminent 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 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 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 fibrous 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 (s100,000.00) Dollars. to be
divided into and represented by One Thou
sand 10000 shares, of the par value of One
Hundred (s10000) 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 and
Fifty Thousand $3.50, 00G.00) Dollars.
ARTICLE V.-An the corporate powers OF
this corporation shall be exercised by Board
cicfi of not lacc b.a,
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 all
business. The Board of Directors shall elect
annually from their number a president a
and a secretary and treasurer.
The Board of Directors may join the offices
of secretary and treasurer and may elect one
person to hold both Offices or may elect a
person who is not a stakeholder for the office
shall consist of five stockholders, and shall be
of George S. Freirson, Baylis Z.
Harriss Cla.ence c. Bryan, John +. Finke. |
IT., Charles II. Frierson and Floyd w. Nor |
gan, with the said George S. Frierson as pres |
dent, Bayls E. Harrss vice-presideht, and
Clarence C. Bryan as secretary-treasurer.
The postoffice addresses of said Directors |
ire as follows: George S. Freirson, 1920 Henry !
Clay Avenue, New Orleans. La; Bayis E. |
1arriss, Galveston, Tex; Clarence G. Bryan |
401 South Peters Street, New Orleans, La. /;
John +. Finke, Jr., Sl6 Union Street. New Or
cans La; Charles H. Freirson, 1104 State
Street. New Orleans, La Floyd w. Morgan,
235 Pine Street, New Orleans, La These
Directors shall serve until the third Wednes-
lay of September, 1920, or until their success
ors have been duly elected and qualified. The
annual meeting of stockholders for the cleo
ion of Directors shall be held on the third |
Wednesday of September of each year, unless
aid day be a legal holiday, and then on the
text bank day thereafter. Any vacancy oc-
urring among the Directors by death, resigna-
ion or otherwise, shall be filled by election
or the unexpired term by the remaining Di-
ectors. Each subscriber hereto sets after his
lame his postoffice address and a statement
# the number of shares of stock which he
agrees to take in the corporation. At all cleo
ions every stakeholder shall be entitled to
me vote for each share of stock standing in
lis name on the books of the corporation, to
,e cast in person or by his written proxy. A
majority of the votes cast shall elect.
ARTICLE Win the event of the liquida-
ion or dissolution of this corporation the
tockholders shall elect three iquidators from
mong their number at a meeting convened
or that purpose, after fifteen Q5) days writ
en- notice sent to each stakeholder by mail to
lis last known address said liquidators shall
ave the authority to wind up the business
nd affairs of this corporation. In case of the
eatn OF a llquldator the survivors shall ap-
oint a stakeholder as successor to him.
ARTICLE Widths charter may be modi-
ed, changed or altered, or said corporation
nay be dissolved, with the assent of stock
olders owning two-thirds of the entire cap
tai stock, at a general meeting of the stock
olders convened for that purpose, after fifteen
l5) days written notice shall have been
iven to each stakeholder, mailed to him at his
asst known address.
ARTICLE vIH.-No subscriber for stock
hall be held liable for the contracts. faults or
ebts of said corporation in any further sum
han the unpaid balance, if any, due the cor
oration on the stock for which he has sub
cribed nor shall any stakeholder ever be held
liable for such contracts, faults or debts in any
urther sum than the unpaid balance. if any,
n the stock owned by him nor shall any mere
in organization have the effect of
endering this charter null, or rendering any
ubscriber or stakeholder liable beyond the I'M
aid amount, if any. remaining due on his
took.
ARTICLE IX.-This corporation is organ
zed under the laws of the State of Louisiana,