The herald., 1920-07-15

United States of America. State of Lou.
isiana, Parish of Orleans. BE it known
and remembered. that on this 26th day of
the month of May, 1920 before me, Ga
Drlel Fernandez, Jr.. n notary public. duly
commissioned and qualified. in and for
the parish and state aforesaid; and in the
presence of the witnesses hereinafter
named and undersigned, personally came
ana appeared the persons whose names are
hereunto subscribed, who declared that
awaiting themselves of the provisions of
the laws of the state of louisiana and
more particularly of act No. 267 of the
General Assembly of the state of Louisi-
ana for the year 1914; they have cove
nanted and agreed, and do by these pres
ents covenant. agree, bind, and form them
selves. as well as such persons who NAV
hereafter join and become associated with
them. into corporation and body poll
tic in law, for the objects and purDoses
and under the agreements and stipulations
following t0-wit:
ARTICLE 1.-The name and STYLE of
this corporation shall be Tropical Bag
and Burlap Co, Incorporated" and under
that name it shall have and enjoy all the
rights advantages and privileges granted
by law to corporations. It shall exist
for period of ninety nine years from
date hereof, unless sooner dissolved: il
shall have power and authority to sue and
De sued in its corporate name; to make
and use corporate seal; and TO break
III.
receive. mortgage. convey and hypothe-
cate real personal and mixed propertv :
to have and employ such managers Off
GERS, agents and employees as the interest
ana convenience of said corporation NAV
require, and to make and establish such
laws, rules and regulations for the cor
pOrate management and control of the
business and affairs of the CORPORATION. as
may be deemed necessary and expedient
ARTICLE 1.-THE domicile of this cor
poration shall be the city of New Orleans.
state OF Louisiana. All citation and other
legal process shall be served upon the
president and in his absence upon the
vice president or secretary-treasurer
ARTICLE III-The objects and pur-
poses for which this corporation is or
ganized, and the nature of the business
TO be carried on by il are hereby de-
| clared to be: to purchase or acquire in
| any manner. to manufacture, and to sell
| or in any wise dispose of new and sec.
Ond hand bags; burlap and its products
burlap, jute, cotton and sisal bags of all
| descriptions; jute cotton and sisal Irvine
and all bags and sisal supplies generally
| also to do any and all things and acts
| and engage in such other business as NAV
be necessary, incidental to or connected
with the business herein stipulated, IL
/ this charter.
ARTICLE IV.-The capital stock of thi,
corporation Is hereby fixed at the sum o.
100000, which capital stock may be in
creased to the sum of 100000 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 IL
cash by the incOrporators and shall b,
non assessable. No transfer of stock shall
be binding upon the corporation unless
made upon its books, and all certificate
of stock shall be signed by the presden
and the secretary-treasurer of the cor
poration.
/ ARTICLE V.-No stakeholder of thi
corporation may offer for sale, sell, as
sign or transfer his stock in this cor
poratiOn without giving to the othe
stockholders thirty days prior notice o
such intention. which notice shall be givel
in writing to the president of the cor
pOratiOn and shall by said president b.
made known to the directors of the cor
pOration Immediately. and the other stock
chasing said stock at the book value there
of, for a 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 II
and the management and control of ii
business and affairs shall be exercises
by board of directors, composed of thre
4 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 yea
, 1921 until which time the following shal
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 sue
rules and regulations as may be deter