The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-01

State of Louisiana, Parish of Orleans, City
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. a
Notary Public, duly commits sioned 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 severally declared that avail
ing themselves of the laws of the State of
Louisiana relative to corporations. and es-
pecially Act Dol of 1914 they have covenanted
and agreed to bind, form and constitute
themselves and do hereby bind. form and
constitute themselves as well as all such
other persons may hereafter join or be
come associated with them into corporation
and body polite in law, for the objects and
purposes and stipuations following, to-wit:
ARTICLE 1.-The name and style Of this
corporation shall be Orleans Steel Products
Company. Incorporated, and by said corp0-
rate name it 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 1t shall have
power and authority to contract, sue and be
sued; to make and use corporate seal, and
the same to break alter at pleasure; tn
hold receive, purchase, convey, mortgage and
hypothecate property, real, personal and
mixed. to 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 dispose 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 purpose:
! for which this corporation is established and
the nature of the business to be carried or
| by it are declared TO be: To conduct
steel products and jobbing business in al
| its branches; to manufacture. buy and sci
at wholesale and retail all kinds of shee
metal and metal work every description
and generally to do and engage in any kline
of business connected with incidental Il
| the foregoing and in any other business no
prohibited by law.
ARTICLE IV.-The capital stock Of thi
| corporation is hereby fixed at the sum o
Thirty Thousand Dollars (s3OOO000), divided
into and represented by three hundred share
| of the par value of one hundred dollar
| $4,000 each. The amount of capital stool
may be increased to seventy-five Thousand
dollars $75,OOOOO) by vote of two-thirds o
all outstanding stock and according to thu
laws of the State Of Louisiana. All stool
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 tor sale
or sell his stock either privately or other
wise without having previously offered SAID
| stock at its book value me other stock
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 written notice addressed TO each
stockholder of the company at his last known
address, stating the number. OF shares SO
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 their
desire TO purchase exceed the number OF
shares offered, such offered shares shall be
distributed to the prospective purchasers in
such proportions as the Board of Directors
deem best.
ARTICLE V-A1l the corporate powers Of
this corporation shall be vested in and the
management and control of its business and
affairs shall be exercised by a Board Of
Directors composed of not less than three
nor more than five stockholders to be elect
ed annually from among the stockholders
The first Board of Directors shall serve un
til the election to be held on the thirt
Tuesday in March. 1920. or until their sue
cessors are duly elected. qualified and in