The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-30
CHARTER OF UNION COMPRESS
COMPANY, INC.

| Oct. 2-Nov 6.
CHARTER OF UNION COMPRESS
| COMPANY, INC.
state of Louisiana. Parish of Orleans. Cit
OF New Orleans. Be it known. that on hi
z4th day of the month of September. in m
year Ohe thousand, Nine Hundred and Min,
.een' before me, William Waller Young.
,Notary fubhc, IN and for the Parish of On
leans' State of Louisiana, duly COMMISSIONS
ana qualified, and in the presence of the vii
hesses hereinafter named and UNDERSIGNED
personally came and appeared the several per
sons whose names are hereunto subscribed al
Soore the 1uli age of majority, who SEVERAL
declared that, availing themselves of the law
OF the State of Louisiana, and especially III
laws relative to the organization of corpora
tions, they have covenanted and agreed \
Dind, form and constitute Themselves as vel
as all such other persons as NAV hereafter ioi,
or become associated with them. into a cor
poration and body polite in law, for the oh
1ects and purposes and under the articles
agreements and stipulations following. to-wit
ARTICLE THE name. style and title o
TINS corporation shall be Union Compress
Company. Inc, and under that name IL shall
have and enjoy all the rights, advantages ant
privileges granted by law to CORPORATIONS
and shall exist for the full term and period o.
ninety-nine years from this day. 1t shall hay,
power to contract, sue and be sued to max,
ana break at pleasure: to hold receive. lease
purchase, sell and convey, as well as mort.
gage, hypothecate and pledge property, real
personal and mixed, corporal and incor.
Poreal; 70 name and appoint such managers
directors, officers, agents and other employees
as Its interest and convenience NAV require
and to make and establish, as well as alter and
amend from time to time, such bylaws, rules
and regulations as may be necessary and ex-
pedient for the proper management and GOV.
eminent of the affairs of this Corporation
ARTICLE 1.-THE domicile of this corpora.
ton is hereby fixed in the city of New Or
leans, State of Louisiana, and all citations or
other legal process shall be served upon the
sence upon its secretary.
ARTICLE IlI.-The objects and purposes of
this corporation, and the nature of the busi
ness to be carried on by it are hereby declared
to be to do a general COMPRISING and ware
housing business, and all the business neces-
sarily or implicitly incidental there to and 70
that end to operate machinery for COMPRISING
cotton or other fibrous materials to purchase
tease, suitcase, own and operate cotton
presses ana congresses; to purchase, lease
own and operate warehouses: to
carry on the business of public warehouse
man; to issue warehouse receipts, negotiable
or non-negotiable; and to do any and all
Things complementary or incidental to a gen.
erai warehousing and COMPRISING business.
ARTICLE IV.-The capital stock of this cor-
poration is hereby fixed at the sum of One
Hundred Thousand (s100. 0OO.0O) Dollars, to be
divided into and represented by One Thou
sand l.OOO) shares, of the par value of One
Hundred (slo0:oO) Dollars each; said stock
snail be paid for when and in such INSTALL
ments as directed by the Board of Directors.
The capital stock of this corporation may be
increased to The sum of Two Hundred and
fifty Thousand (s250. 0OG.00) Dollars.
ARTICLE V.-All the corporate powers of
his corporation shall be exercised by a Board
# Directors, consisting of not less than three
Tor more than six stockholders, three of
whom, either present in person or represented
" proxy held by another Director, shall con-
titute quorum for the transaction of all
BUSINESS The Board of Directors shall elect
annually from their number a president, a
Ice-president and a secretary and treasurer.
he Board of Directors may join the offices
secretary and treasurer and may elect one |
erson to hold both offices. or may elect a
erson who is not a stakeholder for the Office
secretary. The first Board of Directors
hall consist of five stockholders, and shall be |
omposed of George S. Freirson, Baylis E. |
larriss, Clarence c. Bryan, John F. Finke, |
r., Charles II. Frierson and Floyd w. Nor
an, with the said George S. Frierson as pres
lent, Baylis E. Harriss as vice-president and
larence c. Bryan as secretary-treasurer.
Inc postoffice addresses of said Directors
re as follows: George S. Freirson. 1920 Henry
lay Avenue. New Orleans. La. Baylis E.
arriss, Galveston, Tex. ; Clarence C. BRYAN.
i01 South Peters Street, New Orleans. La.
ohn +. Finke. Jr., SIG Union Street, New Or
ans La; Charles H. Freirson, IlO4 State
treet, New Orleans, La. Floyd w. Morgan.
80 Pine Street, New Orleans, La These
lrectors shall serve until the third Wednes-
~ OF September, 1920, or until their success
rs have been duly elected and qualified. The
lnual meeting of stockholders for the cleo
on OF Directors shall be held on the third
ednesday of September of each year, unless
10 day be legal holiday. and then on the
,xt hank dav fharooffar
rring among the Directors by death, resigna-
On or otherwise, shall be filled by election ;
the unexpired term by the remaining Di ;
ctors. Each subscriber hereto sets after his {
lme MS postoffice address and a statement |
the number of shares of stock which he {
'rees to take in the corporation At all cleo. I
'hs every stockholder shall be entitled to
e vote for each share of stock standing in
5 name on the books of the corporation. to I
cast In person or by his written proxy. A /
aJorIty OF the votes cast shall elect O
ARTICLE Win the event of the lioui I
tion or dlssolntion of this corporation the d
'ckholders shall elect three iouidators from $
nong their number at a meeting convened I
that purpose. after fifteen Q5) days writ a
a notice sent to each stockholder by mail to | 6
last KNOWN address; said liquidators shall
We the authority to wind up the business 4
q anairs OF this corporation. In case of the :
attn OF a Incubator the survivors shall ap- :
mt stockholder as successor to him.
hOLI Nll.-ln1s charter may be mOdi- | 4
q, changed or altered, or said corporation :
~ be dissolved. with the assent of stock :
lders owning two-thirds of the entire cap !.
! stock, at general meeting of the stock !
!ders convened for that purpose. after fifteen
D days written notice shall have been n
zen to each stakeholder. mailed to him at hv n
known address.
ARTICLE VIII-No subscriber for stock T
Ill be held liable for the contracts, faults or II
ITS OF said corporation in any further sum q
IN the unpaid balance, if eny, due the cor h
,ation on the stock for which he has sub a
f6ed; nor shall any stakeholder ever be hello RI
Bile for such contracts, faults or debts in any a
tner sum than the unpaid balance, if any, Fl
the stock owned by him nor shall any mere S;
ormality in organization have the effect O, q
dering this charter null, or rendering any CT
scriber or stakeholder liable beyond the un. CT
q amount, il any. remaining due on his E;
.RTICLE IX.-This corporation is organ. m
! under the laws of the State of Louisiana. II
especially Act No. 2s7 of 1914, and the o,
scribers hereto. for themselves and said cor.
alton. and for its officers, Directors and ii
skholders. hereby accept, as part of this I,
rter, and as conditions of this corporation. h,
the rights. powers, privileges and i'm A
mites granted to corporations and GRANTED :.