The herald. [volume] (New Orleans, La.) 1905-1953, 1919-08-07
CHARTER.
CHARTER OF L. NJ. COHEN COMPANY,
INCORPORATED.

leans. BE II known that on TINS Zo[n Gay
of the month Of June, IN the year OF Our
Lord, One Thousand Nine Hundred and
Nineteen and of the Independence of the
United States Of America the One Hundred
and Forty-third. Before me, Herman l.
Barnett, a Notary Public, duly commits
stoned and qualified, in and for the Parish
of Orleans, State Of Louisiana, therein re-
siding and in the presence of the witnesses
hereinafter named and undersigned, person
ally came and aT-eared the several persons
whose names are sereunto subscribed, all OF
the full age of nj jority, who severally de-
clared to me, Nota that awaiting themselves
of the laws of the State OF Louisiana, in
such cases made and PROVIDED, and more par
ticuarly OF Act 267 of the General Assembly
of the State of Louisiana of 1914, relating
to the creation, organization and formation
OF corporations, they have cOvenanted and
agreed, and by these presents do covenant
and agree and bind themselves, well as
all such other persons as may hereafter be-
come associated with them, to form a cor.
poration for the objects and purposes and
under the articles and stipulations follow
ing, to-w!t:
ARTICLE Tine name and title Of this
corporation shall be, L. NJ. Cohen Company,
Incorporated, and under its corporate name
it shall have power and authority TO have
and to enjoy corporate existence for a period
of ninety-nine years from date hereof I'M
less sooner dissolved by liquidation or other
wise; it shall have power TO contract, to sue
and to be sued, to make and use a corporate
seal and 70 alter and break same at pleasure;
TO hold, release, receive, purchase, transfer,
assign, convey, mortgage, hypothecate,
pledge otherwise receive or dispose OF
property, real, personal and mixed, corporeal
and incorporeal; to issue bonds and if de.
sired, to secure the same by mortgage; to
buy and hold stock in other companies in
cident to the objects and purposes or to
the expansion of the business interests of
the corporation; to name, elect and appoint
such managers, agents, directors, or OF
ficers as its business interests may re-
quire and to make and establish, alter and
amend, its bylaws, rules and regulations
for its proper government may be deemed
necessary and proper and generally to do
any and all things incident to or necessary
and proper for the extension OF the bust
ness in which the corporation is engaged.
ARTICLE II.-This corporation shall be
domiciled in the City of New Orleans, in
the State of Louisiana, and all citation
other legal process shall be served upon the
President of the Corporation and in the
event of his absence upon the Vice-President.
ARTICLE III.-The objects and purposes
for which this corporation is organized and
created and the nature of the business TO be
carried on by it are declared to be as fol-
lows: To engage in and carry the gen.
eral business of importing and exporting
goods, merchandise, raw products, live stock
and in fact materials, objects and property
tiate, make, effect and execute, covenants,
agreements, contracts obligations of all
sorts and character for itself or for others
covering or relating in any manner to the
importing or exporting of goods and prop
erty of every description or character. To
act as freight forwarding agent and to carry
on a general ship brokerage business. To
buy, sell, lease, charter, rent, hire, for it
self or for others commission or other
wise and to enter into and execute any con-
frar hats aluAt 90
vehicles of all sorts and character utilized
in the transportation of goods and property
of every description and character by water,
land or air. To engage generally in a
business of any nature what
soever. To engage in foreign well as
domestic commerce and in fact to carry on
any OF the businesses aforesaid in the United
States or foreign countries.
To conduct and carry on such other bust
ness as may be found necessary or convenient
for properly effectuating the aforesaid pur
poses or enhancing the value of the proper.
ties, rights and privileges of the corporation.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
Seven Thousand (7,0OOOO) Dollars and shall
be divided into and represented by Seventy |
shares of the par value of One Hundred |
(SlOO.OO) Dollars each. Said stock shall be |
paid for in cash or its equivalent as pro-
vided by law and in such manner and at
such time and in such installments as may |
be prescribed by the Board of Directors.
This corporation shall become going |
concern and shall be authorized to commence |
business when Thirty Five Hundred Dollars |
Isl, 10000 of its capital stock shall have |
been subscribed for as provided by law, and |
when Three Thousand (s3,OOOOO) Dollars of |
the capital stock shall in tact have been paid |
for either in cash or its equivalent
ARTICLE V.-The capital stock of this cor |
poration may be increased to the sum of
Afu anA (GSAnnnn nn1t
two-thirds vote of all the stock present or
represented at a special meeting called for |
that purpose, or at regular annual meeting |
Of the corporation.
ARTICLE VI.-An certificates of stock |
issued by the corporation shall be signed |
by the President and countersigned by the |
Vice President if authorized by resolution |
Of the Board of Directors shall be signed by |
the President and countersIgned by the Sec |
rotary and Treasurer. The stock of this |
books of the corporation and subject to such |
regulations and formalities as may be by |
bhe Board of Directors from time to time |
prescribed. No stakeholder shall be per-
stock without first offering the same in
writing to the other stockholders through
he Board of Directors at price not exceed
ing the book value thereof and the stock
holders shall have an option and first right
10 purchase all the shares of stock to be
hus disposed of by sale of by the death,
resignation or otherwise of any of the stock
holders OF the corporation, and shall have a
period of ten days in which to accept or
iecline such offer of stock.
Should the Board of Directors or the stock
FOLDERS decline to purchase said stock then
he stakeholder or stock. Jiders who made the
'ffer to sell or otherwise dispose of the
stock may sell otherwise dispose of il in
my manner and at any price that he or
hey may see fit. But each share of stock
$ issued under the condition and understand
ng that no stakeholder shall make a sale
n transfer of his stock in violation of this
PROVISION; and such sale or transfer if made
hall be void and this Company shall be
inder no obligation TO list said stock on
IS books or to regard the holder of the |
certificate thereof ;
ARTICLE VII-The corporate powers of
corporation shall be vested in and ex-
ised by Board of Directors composed of I
Gee stockholders, two of whom shall con-
'titute quorum for the transaction of c
business. The Directors of this corporation | I
nay vote in person or by written proxy at T
my OF the meetings of the Board of Direc- I
ors and the Board of Directors may dele i
'ate any OF its powers to any officer or Of c
ieers or any other representative of the S
ytoempany by appropriate resolutions to that Y
The first Board of Directors of this o
Jompany shall be composed of the follow. ?
ng: Louis M. Cohen, Morris B. Redmann,
nd william J. Guste, all of New Orleans, v
"a, with the following as officers: Louis S
q Cohen, President; Morris B. Redmann \
ice President, and William J. Guste, Secre, c
zry and Treasurer. t
And they shall serve until the fourth We'd /
In -. |