The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-04
CHARTER.

/ CHARTER.
lions to acquire. hold and reissue shares
of its capital stock; to carry out all of
! the objects and purposes hereinafter set
out; TO name and appoint such managers
and directors. officers and agents, as the
interest and convenience of said corpora
| ton may require; and to make and estab-
fish, well as alter and amend at pleas
urc, such bylaws, rules and regulations
| for the management and regulation of the
| affairs of the corporation as may be neceS-
! Sary, proper or convenient; and generally
to do all such acts and things as general
trading corporations are authorized to do
under the laws of the State of Louisiana.
| ARTICLE 1.-THE dOmicile of this cor
poration shall be in the Parish of Orleans,
| State of Louisiana, and all citations or
other legal process shall be served upon
the President of the Company, or, in his
absence, upon the Vice President, or, in
the absence of both the President and
Vice President, upon the Secretary-Treas-
urcf.
ARTICLE III.-The objects and pur-
poses for which this corporation is organ
lied and the nature of the business to be
carried on by it are hereby declared to be:
To conduct and carry OH a public or pri-
| waite warehouse business in the Parish or
Lafayette, or In any other parishes of the
State of Louisiana, or elsewhere; 10 take
and receive goods, wares, merchandise,
fruits, vegetables, sugar, mOlaSSes, grains
cereals. agricultural products, and other
property Of every nature and kind, on
any and all kinds therefor; to apply for
and obtain certificate or certificates as
public warehousemen, and own, lease ana
operate warehouses for cold storage and
dry storage, bonded and not bonded, pub
lie and private, and generally to do all
things pertaining to the conduct of the
business of a public or private warehouse
man, or of a cold or dry storage plant;
TO exchange its entire capital stock, or any
part thereof. for stock which it is hereby
authorized to acquire, or to exchange its
Ian ira nd hul N w m
part for money or stocks or bonds or
other obligations of other companies; and
to do any and all such acts and things as
may or shall be necessary and proper to
carry out the said above objects and pur-
, poses
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed at five thous-
= and ($5000O0) dollars, divided into fifty
500 shares of the par value of one hun
dred (Sl0000) dollars per share The
= amount of said stock may be increased to
4 fifty thousand ($oO,O0O.OO) dollars.
1 ARTICLE V.--All the powers Of this
corporation shall be vested in and exer-
5 cised by a Board composed of three Di'
rectors. Said Board shall be elected an
ing called for that purpose on the third
: Monday of January of each year Tor the
u next legal day If that day be a holiday,
Q after due notice given to the stockholders
d by mail at least fifteen days before the
date of said meeting. Each holder of stock
q shall be entitled to one vote for each
a share of stock standing In his name on
a the books of the corporation, said vote to
= be cast in person or by proxy, and the
Il majority of votes cast shall elect The
= Board of Directors shall have the power
% to fill all vacancies which may occur or
Is in any manner arise or be created on the
n Board, even though no quorum remain at
!. the time such vacancies are to be filled.
+ Failure to elect directors on the day above
!, specified shall not dissolve the corpora
~ ton, but the directors then in office shall
+ remain in Office, until their successors are
IF elected and qualified; The Board shall
v rotary, a Vice President and Treasurer /;
p provided that the Board may elect such
other officers (who need not be members
of the Board or stockholders) as they
think proper or convenient for the carry :
$ ing on of the Company's business, and
re they shall fix the salaries or all officers.
y, u, agents and employees. At any meeting of
~ the Board of Directors, any director alb.
u =, sent from the meeting may be represented
y, by any other director who may cast the
III vote of the absent director according to
the written instructions. either general or
OF special, of said absent director. Tbs
c. Board of Directors shall have authority to
ne make and establish, as well as alter and
Do amend. all bylaws. rules and regulations
he necessary and proper for the support and
L. management of the business and affairs OF
this corporation and not inconsistent with
II this charter; and they shall have power
IN to authorize the borrowing Of money and
o. the issuance of notes and the execution OF
m pledges, and generally to do all things
It. carrying on of the business Of the corpor-
u alton. Until general meeting of the
OF stockholders for election of directors to be
held In 1921, or until their duly qualified
m successors are elected and installed. the
20 Board of Directors shall be composed Of
I'd the following: AMI Ii. Denbo, postoffice
a postoffice address S3S GravIer street, New
Or Orleans, La; Lester Gumbel, postoffiee adj
dress, S3s Gravier street, New Orleans,
in La. OF these, AMI b. Denbo shall be
| ID afaev In haI
:, Vice President, and Lester Gumbel Treas
~ urer.
" ARTICLE yI-This act OF incorpora-
he ton may be changed, modified or amend
ne ed or the corporation dissolved, by vote
of two-thirds of the entire capital stock
present or represented at a general meet
"a ing Of the stockholders convened for such
ei PURPOSE after previous notice shall have
been given in the manner above required
p. to be given of the annual meeting of tbs
~ corporation.
81 ARTICLE yII:-If this corporation shall
az be dissolved, either by Limitation or from
q any other cause, its affairs shall be liqui
loo cc dated by three commissioners to be ap
'' pointed at the meeting Of stockholderi
convened for the purpose OF liquidation
and to be elected by the vote of all tn
stockholders voting upon parity. Salt
liquidators shall remain in Office unit
re- the affairs of the corporation shall hav
he been fully settled and liquidated, and the!
Id shall have full power and authority 4
re. transfer and give title to all the propert
and assets OF the corporation ana TO OILS
:. tribute the proceeds. In case Of death
:. disability or resignation Of one or NOR
liQuidators, the vacancy shall be filled b.
. the survivor or survivors.
Sc ARTICLE vIlI.-No stakeholder shal
ever be held liable or responsible for tn
contracts or faults Of said corporation 1
any further sum than the unpaid balanc
rs due on the shares Of stock owned by hin
nat nor shall any mere informally In organ
m. zation have the effect of rendering tn
ND charter null or Of exposing any stockhold
OF er to any liability beyond the unpaid ba
OF ance due on his stock. In order that thi
TN, charter may serve as the original sub
iry scription list, the subscribers hereto hay
leo indicated opposite their respective signs
or lures the number of shares of stock sui
the scribed for by each of them. All sui
ter scriptions are to be paid for In cash
me the execution thereof
AZ AZ Thus done and passed by my notarii
ws office in the City of New Orleans Stat
;"n Of Louisiana. on the day, month and yes
"a first hereinabove written, In the present
nv ~ Of X. U. Burbank and Jules hos, comp'
~ tent witnesses, who have hereuDto sui
NV scribed their names, together with NJ
Ak Notary, and the said appearers, after du
,,Ia reading Of the whole.
ma tOriginal Signed.)
fol- Witnesses: X. L. Burbank. Jules Ibo
WATTS X. LEVERICH,
~, Notary Public.
vi l. the undersigned Recorder OF Nor