The herald., 1920-06-24
OF PARA RUBBER COM
PNNY OF LOUISIANA.

United states Of America. State of
Louisiana, Parish Of Orleans, city Cf
New Orleans. Re il known. that on
this fourth day of the month of June,
in the year of our Lord. one thousand
nine hundred and twenty. and of the
independence Of the United States of
America. the one hundred and forty
fourth. before me. Edgar Mayer Calm,
a notary public. in and for the Parish
of Orleans, State Of Louisiana, duly
commissioned, sworn and qualified, and
in the presence of the WIITeS~eS here
matter named and undersigned. per-
SOnally came ans appeared the several
parties whose names are hereuntO sub
Scrihed. who severally declared that.
availing themselves of the laws Of the
State of Louisiana, in such cases made
and provided. they have rCECnantCd
and agreed and do. by the" presents
covenant and agree. AMI bir1 them
selves. as well as all othe. persons who
may hereafter become associated with
them TO form corporation and body
polite, in law, for the objects an! pUr-
poses, and under the article. and Stip-
ulations following, tO-wit.
ARTICLE The name of this COR
poration shall be Para Rubber Com
pany of Louisiana, Inc, and Under is
said corporate name, il shall have
| pCWer and authority ani "njnS cur
porate existence and successor. for tue
| full term of ninety-nine yeas from
! the date hereof, to contract. sue and
| be sued. to make and US, 4 corpora Z
| seal, and TO alter and break The same
at pleasure; to acquire b., gift, grant
or otherwise. receive. hyroJherate.
| convey, sell, lease, pledge. mortgage
| and dispose of, property, real, personal
and mixed to issue negotiable bonds
| ana notes, or other evidences of debt, to
| name and appoint such managers.
| agents, directors and officers, as its
| business interest and convenience may
require to make and establish. as well
IN
| time, such bylaws. rules and regula-
| lions for the proper management of the
affairs of this corporation, as the same
may be necessary and proper; said cor
| poration shall have further power 10
acquire. sell and dispose of the capital
stock in other corporations; and fur
| rights and privileges and grants under
the laws of this State. and more par
ticularly under Act 267 of the Louis
, lana Legislature of 1914.
ARTICLE 1.-THE objects and pur-
poses for which this corporation is or
| ganized, and the nature of the bust
ness to be carried on by ii, are hereby
declared to be: To manufacture, buy
| and sell rubber goods of every deScrip-
| ton, and to transact such other bust
| ness as may be incidental thereto OIL
connected Herewith. including the
right to open and operate branch stores
| in other cities and states of the Union
ARTICLE III.-The capital stock OF
| tn:a corporation is hereby fixed at the
sum of Eighty Thousand $3.50. 600. OOJ
Dollars, TO be represented by eight
| OF One Hundred (s100.0O) Dollars each
payable at such time and under such
| conditions the Board of Directors
may determine. This corporation shall
| be going concern and authorized &c
do business as soon as fifty 600 pei
| cent of its authorized capital shall be
subscribed for, and at least fifty 500 }
per cent of all stock so subscribed for
shall be paid for. Stock of this COM
pany shall only be issued for cash, oil
for services rendered, merchandise
property or other valuable considera.
tions, enuring to this corporation, ac-
cording to the exclusive Judgment anC
findings of the Board of Director.
| thereof.
ARTICLE IV.-In the event any
holder or owner of stock, as well a:
hls widow, estate or heirs, desires L
sell or dispose of the same. such holde
or owner, as well as his widow, estat
or heirs, must first tender such stool
to the other stockholders through tn
Board of Directors, for purchase for
! period of thirty days, in writing, at tn
price of said stock on the books o
: the corporation. and during such pc
riod of thirty days, the said stockhold
ers shall have the exclusive right L
accept or reject the purchase of sal
stock. as they may elect; and in tn
, event said stockholders, through sal
! board shall fail to make said purchas
! WITHIN the said period at the pric
the aIOreSal t
? then and in that event, the stOckhOlde
! or stockholders desiring to dispose O
7 his stock, may sell the same to sue
other person or persons as he may Sc
ft
ARTICLE V.-The domicile of thi
corporation shall be in the City of NeV
Orleans. La, where all meetings of tn
: stockholders or directors must be helC
provided, that with the written consen
II all the directors, valid. meetings q
the directors may be held outside O
I the State, or within the State, else
D where than at its domicile. Citatio
! snail be served upon the Presiden
! or in the absence or disability of tn
latter upon the Vice-Prssident, and i
the absence or disability of the latte
upon the Secretary. and in the absenc
, or disability of the latter upon tn
: Treasurer.
ARTICLE vI.-AlI the rorporat
powers of this corporation shall b
, vested in and exercised by a Board O
Directors. three in number. all o