The herald. [volume] (New Orleans, La.) 1905-1953, 1919-02-13
CHARTER.
CHARTER OF J. o. ELMER COMPANY,
INC

INC.
United States of America. State OF Louis
lana, Parish OF Orleans. City of New Or
leans. Be it known that this tenth day
OF the month OF February, in the year of or
Lord, thousand nine hundred and nine-
teen and OF the Independence of the United
States OF America the one hundred and
Forty third; Before me, Charles F. Fetch
niger, Notary Public, duly commissioned,
sworn 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. per
sonally came and appeared the several per
sons whose names hereunto subscribed
severally declared that availing themselves
of the provisions of the laws of the State
of Lol,i siana relating to the organization OF
corporations they have contracted and agreed
and do by these presents contract and agree
and bind and obligate themselves as well
as all persons as may hereafter become as
sociated with them to form and constitute a
corporation and body polite in law for the
purposes and objects and under the stpu-
lations, articles and conditions following,
to-wit:
ARTICLE 1.-The name of this corporation
shall be ]. o. Elmer Company, Inc, and its
domicile is hereby established in the City
of New Orleans, Parish of Orleans, State of
Louisiana, and it shall have and enjoy cor
porate existence for period of ninety nine
dissolved 1t shall have the power TO con-
tract, sue land be sued; TO make and a
corporate zeal and the to break
alter at pleasure; to purchase, lease, hold,
mortgage, pledge, sell transfer under its
corporate name all property of every kind,
real or personal; to make and endorse bills
of exchange and promissory notes and 20 is
sue bonds; TO make all necessary rules and
regulations for its corporate management and
control, and to enjoy all the rights, privi-
ferred upon or may hereafter be granted TO
corporations of the kind and character.
ARTICLE U.-All citation and other legal
process shall be served upon the president.
or in hiss absence or inability to act, upon
the secretary treasurer.
ARTICLE III.-The objects and purposes
for which this corporation is organized and
the nature OF the business to be carried on
by il are declared to act as agent for manu-
facturers and dealers in marine. saWmill and
railroad supplies and equipment including
wire rope, bar iron, steel rails, tackle and APP
phances, etc, to manufacture and traffic in
the foregoing described articles at wholesale
or retail both; to manufacture, buy and
sell all kinds of steel and iron. structural
shapes and forms. and to install the same
and generally to manufacture and deal in as
principal or agent all articles similar 10 any
Of the foregoing and 20 carry out the re-
quirements and needs OF same by any means
appropriate and convenient, to do and I'M |
dertake any and all things necessary or in |
cdental thereto; to enter into all contracts. |
agreements or engagements, incur any |
obligations connected with or appertaning |
to said business or appropriate to its effec- |
tual prosecution; TO stock in other cor |
porations and TO vote the same; TO establish |
branches agencies at any place CT places |
that the Board of Directors deem desirable, |
and at the option of the Board to carry on |
any part of its business and exercise any
part of ITS powers in other States of the |
Union or in foreign countries
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
100000. divided into and represented by /
,ne hundred shares of the par value of $1,000
.Ach, all of which shall be Common Stock
The amount of capital stock may be in.
,reased TO S25000.0O by a vote of two thirds
# adj outstanding stock and according to
he laws of the State of Louisiana All
stock shall be issued for cash or its equiva-
ent or may be issued at not less than par
or payment for property actually purchased
" for services actually rendered the cor
'oration, or the same may be issued full paid
or money advanced for such other valu-
ble consideration or services as the Board
# Directors may determine. The corpora
ion shall begin to do business when fifty
yer cent. of the capital stock has been
ubscribed for and fifty per cent of this
ubscribed capital paid and the remainder OF
he capital stock shall be issued at such
lines and upon such terms and conditions
S the Board of Directors shall determine,
ubject to legal requirements. All stock
hall be full paid and nOn-assessable and no
ransfer of stock shall be binding upon the
company unless recorded upon the Conn
any's books. No shareholder of the COM
any shall at any time offer for sale or
ell his stock either privately or in the
pen market without having previously Of
cred said stock az its book value 10 the
Their stockholders Of this Company by
means of a written communication address
d to the ranking officer of the Company
resent in the City of New Orleans at the
ime. Such ranking officer, upon receipt of
uch communication, shall within five days
{ the date Of such offer mail written notice
ddressed to each stakeholder of the Com
any at his last known address, stating
he number Of shares so offered and the
rice thereof. Failure by any stakeholder
0 reply within ten days of the date of said
shall be considered as re-
usa on his part to purchase any of the
took so offered Should the number Of
hares which the various stockholders in
eply to said notice signify their desire to
purchase exceed the number of shares offered,
uch offered shares shall be distributed 10
he nrosnr.ive nrirchasers in such nronnr.ions |