The herald. [volume] (New Orleans, La.) 1905-1953, 1920-12-23

NltN OF New orleans. lie II huoNu lli'i'
on this twelfth day OF November. in the
year one thousand nine hundred and
twenty before me, William Waller Dung
notary public. in and for the Parish OF
Orleans. State of Louisiana. duly commits
stoned and qualified. and in the presence
of the witnesses hereinafter named and
undersigned, personally came and appeared
the several persons whose names are here.
unto subscribed, all above the tull age of
majority, who sev"rally declared. that
aVailinE them selves of the laws Of the
State OF Louisiana. and especially III" laws
relative to the organization OF corpora
tiuns, they have COvenantcd and agreed 20
bind, form and constitute themselves, a.
well rs ali such other persons As may here
after join or become associated with them
into a corporation and body polite in law
for the objects and purposes and under the
articles, agreements and stIpulatlOns FOL
lowing. tO-wit:
ARTICLE THE name. style and It'll,
Of this corporation shall bc Internal iOual
Warehouse co. Inc, and under that name
il shall have and enjoy all III" rights, aid
vautaGrS and privileges granted 10y Law
to corporations. and shall exist for the
fun term and period of ninety mine years
from this day. IL shall have power Ia
contract. sue and be sued: 10 make and
use corporate seal. and the same O.
alter and break at pleasure, TO hold. re
CclVt, lease. purchase, sell and convey. rs
well as mortgage. hypothecat7' and pledge
property. real personal and mixed. cor
porcal and incorporeal; to name and ap-
point such managers. directors. officers,
agents and other employees as lis IN
tcrcSt and convenience may require, and 10
make and establish. as well a> alter and
amend. from time 10 time. such bylaws,
rules and regulations aS may be- necessary
and eNpcdicnt for the proper management
and government Of the affairs OF this cor
pOration.
ARTICLE 1.-THE dOmicile of this cor.
pOration is hereby fixed i'll the City "i
New Orleans. state of Louisiana, ana all
~ I Usll la.
served upon the President of said cor
poration. or, In his absence, upon its Sec
rotary.
ARTICLE III-The objects and pur-
poses Of this corporation. and the nature
of the business to be carried on 10y II ar"
hereby declared to be TO do a general
warehOu>ing business. and all the bust.
ness necessarily or implicitly Incidental
thereto. and to that end TO purchase,
lease. subj lease. own and operate ware
houses: to carry on the business OF pubic
warph OuSemau. 10 issue warehouse re
CENTS. negotiable or non negotiable. and
to DO any and all thingS Complementary or
incidental to a general warehousius bust
ness.
ARTICLE IV.-The capital stock of this
corporation is hereby hNcd AZ the sum OF
i've thousand dollars 100000. divided
into and represented by fifty tJOl shares
of the par value of one hundred tSlDiHl
dollars each; said stock shall be paid Tor
when and in such installmentS aS directed
stock of this corporation may he increased
to the sum Of one hundred thousand (SlcO,-
UVO.OpD dollars.
ARTICLE V.-An the corporate powers
of this corporation shall be exercised 10y
"A Board of Directors consisting OF not
less than three nor more than nvc stock
holders. a majority of whom, either pres
ent in person or represented by proxy held
by another Director, shall constitute a
quorum for the transaction 81 all business.
The Board of Directors shall elect an
nually from their number President. a
Vice President and a Secretary and Treas
urer. The Board of Directors may JON
the Offices of Secretary and Treasurer and
may elect one person to hold both oihccS,
or may elect a person who is not stock
holder for the office of Secretary. The
first Board of Directors shall consist of
three stockholders. and shall be composed
of Delfn Villa. Christine MaSia and Charles
Maduell. with the said Delnn Villa a.
President. Christine MaSia as Nice-PreSi.
dent. and Charles Maduell as Secretary
The Post Office addresses of said Ri
rectorS are as follows: Delhn Villa. 1913
Prytania Street, New Orleans, La: Chris
tino Masia, 1928 Prytania Street, New Or
leans. La, and Charles Maduell. 14IS
North Claiborne Avenue. New Orleans, La.
These Directors shall serve until the
third Friday of November. 1921. or un.
til their successors have been duly elected
and qualified. The annual meeting of
stockholders for the election of Directors
shall be held on the third Friday Of No
vember of each year, unless said day be
bank day thereafter. Any vacancy oc-
curing among the Directors by death.
resignation or otherwise. shall be filled by
election for the unexpired term by the re-
naming directors. Each subscriber here
to sets after his name his pOSt-Oftice ad-
dress and statement of the number OF
shares Of stock which he agrees TO take
in the corporation. At all elections every
ST. hnl - A cd n 10
for each share of stock standing in his
name on the books of the corporation. to
be cast either in person or by his written
proxy. majority of the votes cast shall
elect.
ARTICLE Win the event of the liqui-
dation or dissolution Of this corporation.
the stockholders shall elect three liqui-
dators from among their number at a
fifteen G5) days written notice sent to
each stakeholder by mail TO his last known
address; said liquidators shall have the
authority TO wind up the business and
affairs of this corporation. In case Of the
death of liquidator, the survivors shall
appoint stakeholder as successor to him.
ARTICLE Widths charter may me
modified, changed or altered, or said cor
poratiOn may be dissolved, with the assent
of stockholders owning twO-thirds of the
entire capital stock. at n general meeting
OF the stockholders convened for that pur
pose, after fifteen (15) days written notice
shall have been given to each stOckhOld-
er, mailed to him at his last known ad-
dress.
ARTICLE VIII.-No subscriber for stock
shall ever be held liable for the contracts.
faults or debts of said corporation in any
further sum than the unpaid balance. If
any, due the corporation on the stock for
which he has subscribed; nor shall any
stockholders ever be held liable for such
contracts, faults or debts in any further
sum than the unpaid balance. if any, due
on the stock owned by him; nor shall any
mere informality in organization have the
effect of rendering this charter null. or
rendering any subscriber or stakeholder
liable beyond the unpaid amount, If any
remaining due on his stock.
ARTICLE IX.-This corporation is or
ganized under. the laws of the State of
Louisiana, and especially Act No. 267 of
1914. and the subscribers hereto. for them
selves and said corporation, and for its
officers, directors and stockholders, hereby
accept, as part of this charter. and as con-
ditions of this corporation, all the rights
powers, privileges and immunities granted
10 corporations, and granted to aud con-
ierred upon officers, directors and stock
holders OF corporations by said laws and
said act; said acceptance being as full
and binding as If said rights.
powers, privileges and immunities were
set forth at full length in this instrument
Thus done and passed in my Notarial
Office. in the City of New Orleans. afore-
salu, IN the presence of George II. Terri
perry, and Thomas Joseph DObbins. COM
petent witnesses of lawful age, and re-
siding In this city, who hereunto subscribe
their names. together with said parties
and me, Notary, on the day and date set
torth In the caption hereof.
ORIGINAL SIGNED:
thames OF subscribers and number of
Dobbins.