The herald., 1920-10-28
CHARTER.

dred and fifty shares Of the par value of
each.
All OF the stock shall be common stock
/ stock shall be issued when paid for in
/ chsh on the call Of the Board OF Directors.
or may be issued at not less than par for
7 piuprIlS or food VIII purchased by the
corporation, or for services actually rem
dcrrd TO the corporation.
Inc capital stock OF this corporation
may be increased to one hundred thous-
| ana and 10 100 dollars (SlOOOOOOOl
ARTICLE N.-Thc location and domi-
,llr OF TINS corporation shall be at the
. NY Oh New Orleans state of Louisiana.
ARTICLE NI-The period of duration
OF this corporation shall be ninety min.
/ (59l years.
ARTICLE NII.-All the corporate pow
'rS OF this corporation shall be vested in
ana the management and control of its
business and affairs shall be exercised bN
hOard of Directors composed of thre,. q
Sto'kholdtrs, each OF whom shall own in
ms own right at all times during the term
of office At least one :uII paid ana nm
pledged share Of the capital stock of this
corporation, which fact shall be shown
by written declaration.
Provided, that the number Of directors
utr"ln may be increased to not more than
I'VE 'oD persons by majority vote of the
. stockholders of this corporation at any
meeting regularly called
y majority OF the Board Of Directors
NhaH Constitute quorum for the trans
action Of all business.
The Directors shall be elected by ballot
81 the rkholders at their annual meet
lhE on the third Monday. Of January 1921
ana OF each succeeding year. All ele,-
uonS shall be held under such rules and
regulations as may be- determined nv The
Board Of Directors at the domiCiIe of the
corporation, and notice thereof must hr
delivered personally or by depositing in
ln' PostOilce properly addressed, To each
stoCkholder. at least fifteen days before
Such meeting. At least two DAYS before
Shiu meeting, complete list Of the stock
holders entitled 10 vote shall be- open Ia
inspection by the stockholders AT the
place Of the said meeting
IN" directors thus elected shall con
unu" in office for one year. or until their
successors shall have been duly elected
ana qualified, ana the Directors named
hrrcln shall serve until the third Monday
of January. 1921, or until their Successors
NhaiI nave been duly elected and qualinrd
Each stakeholder at every StockholderS'
meeting shall be- entitled to one vote in
person or 10y written proxy. for each share
OF the capital stock held or owned by
MIN or he may send his vote or proxy b,
letter. the signature Of which must be
acknowledged bcfOr" a Notary Public or
other officer authorized to take atfidavitS
shares OF the capital stock Of the corpora
ton belonging legally or cquitably to the
corporation shall not b" voted. either di-
rVilN or indirectly. No failure. TO hold
an election shah be regarded as a forfeiture
OF this charter.
OF directors shall be filled by the remain
lnS Directors for the uurNpircd term.
The said Board o: Directors shall. at it.
hr>i meeting, elect from its number a
President, Vice President a Secretary
and Treasurer. II may combine the Of
nrcN OF secretary and Treasurer. Said
BOARD Of Directors shall have the right
ana power 10 appoint other agents and
employees, who, respectively. shall have
such power and perform such duties A.
may be prescribed by the bylaws. ana
who may be employed and removed ~ the
pleasure of fhe Director or Directors dele
gated such authority by the bylaws
The names and addresses of the first
Board of Directors are as follows.
Peter VI. Joachim. 1873 Josephine Street
New Orleans. La: Sid II. HaSam. 1919
Peters Avenue, New Orleans. La. and J
Walter Michel, 1910 Josephine Street New
Orleans, La. The said Peter NJ Joachim
shall be the President. the said Sid ii.
HaSam shall be the Vice President and the
said J. Walter Michel shall be the Secre-
tary Treasurer of the Board of Directors
ARTICLE Nlll.-Eyery subscriber to the
capital stock of this corporation, though
not holder, shall be personally Liable 10
the creditors of the corporation TO an
amount equal to the unpaid balance on the
stock for which he has subscribed. Trans
fereeS shall not be liable unless II be shown
that the stock was acquired with knowI-
edge of the conditions which would make
the subscriber liable. vi here both sub
scriber and tranSferee are liable, the liabil-
ity shall be in SOlido. and the liability
shall continue as to both aifer any dis
poSal of the stock. No stakeholder ever
shall be liable or responsible for the con
tracts or faults of this corporation in any
further sum than is above provided nor
shall any mere infOrmality in organization |
have the effect of rendering this charter |
null or of exposing Il stakeholder to any
liability other than as above provided.
ARTICLE NI.-ThiS corporation may be !
dissolved with the assent of the stock |
holders owning two-thirds of the issued |
capital stock of the corporation at a meet |
ing convened for that purpose after notice |
of such meeting shall have been given to |
each stakeholder in accordance with law |
In the event of the dissolution of this cor
pOratiOn. the business and affairs of tn |
corporation shall be settled by three liqui- |
dators to be elected by the stockholders |
from among their number at the meeting |
which decides to liquidate. The cOmpen- |
satiOn of the said liquidators shall be |
fixed at the meeting at which they are |
elected. Said liQuidators shall have full |
power and authority to settle the entire |
business and affairs of the corporation. In |
the event of the death or inability of any |
of said liquidators, the survivor or sur
vivors shall appoint successor or sue
cessors to him or them from among the |
stOc kholders.
The subscribers hereto have given OPP
pOsite their respective names the amount |
of stock hereto subscribed by them, so tina 1
this act of incorporation may also serve
as the original subscription list of this
scriptions of thirty and forty shares Of
the capital stock of this company, Joseph |
W. Michel and Peter NJ. Joachim hereby |
transfer to the company their and each Of
their interest in and to the assets of the
Box Factory, subject to an as
by the company of the liabilities
Of the said Columbia Box Factory; which |
said assets and liabilities are shown and |
described and which said assets and in
terests therein of the said Michel and
J Joachim. are appraised by the Board of
Directors of this company as follows, to-
Wit:
Balance sheet of Columbia Box Factory.
September 10th, 1920.
Assets
Cash on hand and in bank. 1850 |
Accounts receivable. ............. 2.52S.5l
Inventory finished boxes. ........ 249.2S
Inventory supplies ............. 1882
Suspense NEUTRALITY-SUSPICIOUS.. 7.4S
Total Current .................S s.. 4O4 90
FINED:
Machinery ............. S,675JS