The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-15
CHARTER OF THE COONs sILO AND
BUILDING CO., INC.

United States of America, State of Louis
lana, Parish of Orleans. Be ii known, that
on this 4th day of the month of Deem
Der, in the year Of our Lord, one thous-
and, nine hundred and nineteen, and OF
the Independence of the United States OF
America, the one hundred and forty
third, before me, Percival II. Stern. a
notary public, in and for the Parish Of Or
leans, State of Louisiana, duly qualified
and commissioned, and in the presence OF
the witnesses hereinafter named and I'M
dersigned, personally came and appeared
the several persons whose names are here
unto subscribed, who severally declared
that avafling themselves of the laws OF
the State OF Louisiana, relative TO the or
ganlzation of corporations, and more par
ticularly Act No. 267 of the year 1914. an
proved July 8, 1914, they have convenanted
and agreed, and do by these presents
covenant and agree, bind, form and con-
stitute themselves as well as such persons
who may hereafter join or become as
soclated with them, into a CORPORATION
and body polite in law, for the objects
ana purposes and under the agreements
and stipulations following, to-wit:
ARTICLE 1.-The name and style of
this corporation shall be "Coons SiIo
and Building Company. Incorporated. ("
ana under that name it shall have and en-
JOY all the rights and privileges granted
Dy law TO corporations; 1t shall exist for
lne period OF ninety nine years from this
sue and be sued in its corporate name: TO
make and use a corporate seal. and the
same to break or alter at pleasure: TO
hold, receive, purchase, convey, MORTGAGE
nyppotneeate, or pledge, property, both
real and PERSONAL; to issue bonds. notes
ana other obligations or negotiable in,
struments; to have and employ sucb man.
ayers, directors, officers, agents or otha,
employees as the interest and convenience
,,o Sdiu corporation may require or de-
laws, rules and regulations for the cor
Porate management and control of fba
aiiaIrs OF the corporation as may be deem.
Gu p eHPeaient and necessary.
poration shall be established in tbe Sitn
OF New Orleans, State of Louisiane "a
al CITATIONS and other legal process shall
oe served on the President, and in Sc
a.. MS absence on the Vice President. and
rotary. 'o'n on the Sec
ARTICLE IH.-The objects and mr.
poses for which this corporation is or.
ganized, and the nature of the business
TO be carried on by 1t are hereby declared
20 De: to construct silos, buildings and
houses, and articles Of every description
of lumber and materials as NAV he nee.
essary, and to sell, lease, transfer and
generally TO deal in same; to construct
equip and erect, or to contract for the
cVhslructlon- equipment and erection of said
siios, houses and buildings and articles
OF every description and kind I'm their
enlirety and in every particular and de-
tan from cypress and such other kinds OF
lumber and materials as may be neces-
sary, and generally to buy, sell and deal
IN lumber and to manufacture and market
LUMBER products; to buy, SELL deal in
tease and mortgage real estate. to re-
claim and improve landed property. and
generally to do and engage in any other
business, undertaking or enterprise con.
neeted with, growing out of, germane or
,neiaentai to any Of the purposes above
set 1orth. or contemplated by this charter
ARTICLE Iv.-The capital stock of this
corporation is fixed at the sum of two
hundred thousand $500, 0OO.OO) dollars. d.
vtded into one thousand common shares
OF the par value Of one hundred dollars
each; and one thousand preferred shares
OF the par value of one hundred dollars
each; all shares of stock shall be fulI
paid for In cash, property or good will
under such terms and conditions as the
Board Of Directors may see fit, and shall
be worcestershire.
The preferred stock shall be preferred
rs to earnings up to q maximum of eight
(S) per cent annual cumulative dividends
payable semi-snnually, which shall be
paid before any dividends are paid on the