The herald. [volume] (New Orleans, La.) 1905-1953, 1919-08-14
CHARTERS.
CHARTER OF ALFRED H. CLEMENT &
COMPANY, INC.

United States of America, State OF LOUIS
lana, Parish OF Orleans, City OF New Or
leans Be 1t known, that on this tourteehtI
day Of the month Of July, in the year o.
our Lord, One Thousand Nine Hundred ana
Nineteen, and of the Independence OF the
United States OF America, the One h9ndIeu
and Fortieth; Before me, w. Morgan GuTIey,
a Notary Public, duly coInmls sioneo ahu
qualified in and for the PARISH OF orleans
State of louisiana, personally came anu aP
peared the several persons, whose names are
subscribed hereto who declared that avail,
ing themselves of the laws OF the State OF
Louisiana, in such cases made ana Pio'lueu,
and particularly Of Act No. 2oI OF l'l4' they
desire 10 and do hereby, form themselves
into corporation under the name, and Tor
the objects and purposes, and under the
terms and conditions, hereinafter set forlh'
ARTICLE 1.-The name and style OF this
corporation shall be Alfred II. Clement q
Company, Inc, and under this name, II shali
have all the power and authority conferred
uDon CORPORATIONS by the laws OF the Sta:e
OF Louisiana and of the United States OF
America. 1t shall have existence Tor petio1
of n.nety-nine years from this date, unless
sooner legally dissolved. 1t shall nave pow
er 10 contract, sue, and be sued, IN its cor
nn-ate name; to make and use a corporate
seal. and the same to break or alter at
pleasure; 10 hold, receive, lease, suo-Iease'
purchase, sell, convey, and exchange prop
nIedpe or hypothecate the same; to borrow
nr lend money, securities, and valuable
things generally, in any matters connected
with the purposes or business OF the corpora
ton; to issue bonds, notes, and other ool,
cations and negotiable instruments, ana
Commercial paper generally; to appoint such
officers agents, managers, and employees
generally, as the business and interests OF
the corporation may require; TO change' nlodl
fy or amend this charter, and 10 eStaDlsh
al
bv.Iaws for the conduct and management OF
the business of the corporation IN any way
conformable TO law
ARTICLE 1.-THE domicile of this corpora
tion shall be in the City of New Orleans
State of Louisiana, and all citations or other
legal process shall be served upon the Presi
dent of this corporation, or, in the event OF
his absence or inability to act, then upon
the Vice President; and, in the absence OF
both these officers, service snail theh DC
made in the manner provided by law.
ARTICLE 1Il.-The objects and purposes
for which this corporation is organized, and
the nature of the business to be carried on
by it, are hereby declared to be; 10 act as
freight brokers and forwarding agents IN OBJ
tanning the transportation OF freight, either
bv rail or water, or by both, from any point
in the United States Of America, or else,
where to any other point in the United
States of America, or elsewhere, or from any
point outside the United States OF America
TO any point IN inc CNlteu otdtSS Va 4hHAN'A~~'
or elsewhere.
ARTICLE IV-The capital stock of this
corporation is hereby fixed at the sum OF
Ten Thousand Dollars (Sl0,OO.0O), divided
into one hundred shares, of the par value OF
One Hundred Dollars $4,000 each. The
capital stock of this corporation may be in
creased to the sum of Fifty Thousand Dol
lars ;S50O0OOO). No stakeholder shall sell
or dispose of any of the stock of this corpo-
ration without first having offered the same
for sale to the other stockholders, by let
ter addressed to the President or to the
Board OF Directors of the corporation, naming
therein the lowest proposed price OF sand
stock and the proposed term OF sale After
thirty DAYS from the receipt OF such written
offer, and the failure of the stockholders, or
any of them, to purchase the said stock upon
the proposed terms of sale, or at least terms
no worse than those proposed, the owner of
the stock shall then be at liberty to sell
such stock for not less than the said proposed
price and upon the said proposed terms, or
at least terms not favorable to the pur-
chaser than those submitted to the stockhold-
ers This rule shall apply to each specific
sale or proposed sale of stock.
Should any stakeholder pledge any of his
stock he shall immediately notify the remaining
stockholders of the corporation in writing,
through a letter addressed to the President
of the Board of Directors, as in the aforesaid
case of proposed sale OF stock, OF the tact
of such pledge, together with the name and
address of the pledge, and shall accompany
such notification with a copy of the act, or
instrument, of pledge; and before, or upon,
the default of the pledger to meet the ooll-
CATION for which his stock stands pledged,
the stockholders of the corporation shall be
entitled to take up such pledger's obligation,