The herald., 1920-06-24
Z. A. PARSONS.
CHARTER OF TROPICAL BAG AND
BURLAP CO, INCORPORATED.

United States of America. State Of Lon.
lsiana, Parish of Orleans. Be it known
and remembered. that on this Goth day of
the month of May, 1920. before me. Ga
brlel Fernandez, Jr, notary public. duly
commissioned and qualified I'm and for
the parish and state aforesaid; and in the
presence of the witnesses hereinafter
hdIneu ana Undersigned, personally came
ana appeared the persons whose names are
hereunto subscribed, who declared that
awaiting themselves of the provisions nj
the laws of the state of Louisiana. and
more particularly Of act No 267 of the
General o Assembly of the state of Louisi-
ana Tor the year 1914; they have cove
nanted and agreed, and do by these pres-
| ehts covenant. agree bind, and form them
selves, as well as such persons who may
hereafter join and become associated with
them, into a corporation and bOdy noii
tic in law, for the objects and pnrposas
ana under the agreements and stipulations
following tO-wit;
ARTICLE 1.-The name and STYLE of
TINS corporation shall be "TropicoI Rae
ana Burlap Co, Incorporated" and under
mat name ii shall have and enjoy ali Tho
IlshtS advantages and privileges granted
Dy law TO corporations. It shall eyiSt
LOT period of ninety-n nine wears from
uate hereof, unless sooner dissolved. n
shalI nave power and authority to sue and
Ga III lts corporate name; to make
anu use a corporate seal: and TO break
ana after the same at pleasure. IN hold
receive mortgage, convey and hypotbe-
Cdte real, personal and mixed pronertv
10 nave ana employ such managers. off
GERS, agents and EMPLOYEES az the ;ntaros.
and convenience of said cornorotion 80,
require, and to make and establish srcb
laws. rules and regulations for the cor
porate management and control of tho
BUSINESS t ana affairs of the corporation. as
ma! pe ueemed necessary and expedient.
ARTICLE 1.-THE domiciIe of this orr
tu nf
state or Louisiana. All citation and other
esdi process shall be served uDon tho
Piesiuent and in his absence upon the
wee president or secretary treasurer.
ARTICLE III.-The objects and mr.
poses for which this CORPORATION is or.
ganized, and the nature Of the businosS
10 De carried on by it are hereby de-
cIared TO be: to purchase or acquire in
any manner, to manufacture and 70 sell
or IN any wise dispose of new and SOC
D Dnu nahd bags; burlap and its products.
Durlap, Jute, cotton and sisal bags of ali
inscriptions; jute cotton and sisaI tvine
ana all bags and sisal supplies yeneralIv !.
also TO do any and all things and acts
ana engage in such other business as NAV
De necessary, incidental to or connected
Win the business herein stipulated, in
this charter "
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
SlO,UOO.OO, which capital stock may be in
creased to the sum of $50.O00.OO Said cap
ital stock shall be divided into 100 shares
of the par value of $4,000 per share
All shares of stock shall be paid for in
cash by the incOrpOrators and shall be
non asseSsable. No transfer of stock shall
be binding upon the corporation unless
made upon its books. and all certificates
of stock shall be signed by the president
and the secretary treasurer of the cor
pOratiOn.
ARTICLE V.-No stakeholder of this
corporation may offer for sale, sell, as
sign or transfer his stock in this cor
pOratiOn without giving to the other
stockholders thirty days prior notice of
such intention, which notice shall he given
in writing to the president of the cor
poratiOn and shall by said president be
made known to the directors of the cor
poratiOn Immediately. and the other stock
holders shall have the privilege of pur-
chasing said stock at the book value there
OF, for period of thirty days from de-
livery of said notice to the president.
ARTICLE VI-All the corporate pow
ers of this corporation shall be vested in
and the management and control of its
business and affairs shall be exercised
by a board of directors, composed of three
stockholders, two of whom shall consti-
tute a quorum for the transaction of bust
ness. The directors shall be elected an
nually by ballot. the first Monday in June
The first election shall be in the year
1921. until which time the following shall
constitute the first board Of directors. to-
wit: Sam Eisman. Columbia Mississippi (;
Alphonse Hainebach, 1884 Terpsichore St,
New Orleans; Jerome Saligman, 1906 Con-
stance St., New Orleans.
All elections shall be held under such
rules and regulations as may be deter