The herald., 1920-09-09
CHARTER.

named and undersigned, personally came |
and appeared the several persons "hose J
names an hereunro subscribed, VINO sew
orally declared that, avalhng themselves OF
the benefits and provisions OF the Consti-
tuition Of the State of Louisiana. ana OF
the laws of said State relative TO the or
ganiZation of corporations: ana parucu
Iarly of the provisions OF Acts No. ~ OF
the General Assembly of the state or Lou
isiana for the year 1914. and the amend
ments thereto, they have contracted ana
agreed and united to form ana 40 Oy
these presents, contract and agree ana
hind and obligate themselves to form, or
ganize and constitute themselves. as well
as all such other persons VINO may mere
after join or become associated win tHelh
or their successors. into stock corpora
ton and body polite In law, for the OBJ
iects and purposes and under the cOndl-
tiOns, covenants, stipulatiOns and agree
ments of the articles following. tO-wlt:
ARTICLE 1.-The name and title of this
corporatiOn shall be: Albert J. Wolf Co,
Inc. and under and by said name: uhi"ss
sooner dissolved in accordance with law
and this charter. Ii shall exist ana con-
tinue. and shall have and enjoy corporate
existence and succession for a period OF
ninety nine (99) years from ana atJtr th'
date Of this act. 1t may have, hold. re
ceiye, borrow, loan. exchange. acqulr" ny
grant gift or purchase devise or bequest.
sell. ALLEVIATE dispOS" of. convey. lease
pledge, pawn, hypothecate, per or
mortgage property OF any kind. Whetner
corporeal movable or immOvable, all sub
ieCt to such limitations As may he pre-
scribed by law. Ii may make. issue ana
endorse bonds or notes and other evidences
of debt. 1t may accept mortgages. pledges
or other forms Of security for money
loaned or other debts. 1t may contract.
sue and be sued, plead or be impleaded by
its corporate name in any court OF comp"-
tent jurisdiction. 1t may make, adopt ana
use a corporate seal and alter or break the
same at pleasure. 1t may hold stock IN
other corporations, and its capital stock
may be issued for capital stock OF other
corporations. II may name. appoint ana
employ such managers, directors. Officers.
agents and other employees as its interests,
business and convenience may require, ana
may fix their COMPENSATION, having due
regard to the nature. character and value
of their services. 1t may make ana eS-
.abliSh bylaws rules and regulations nN
inconsistent with this charter or any exist
ing law, fixing or altering the manage
mpnt of it's property. the regulation and
government Of its affair, and the manner
Of the certifiCatiOn and registration OF ITS
stock. 1t may wind up and dissolve II
self, or be wound up and dissolved IN the
manner prescribed by law. IL may con
duct business in this State or other states,
the Federal Districts, the Territories ana
possessions Of the UnitedStates and any
foreign country. 1t shall have the power
to invest it's Board of Directors with all
of its corporate powers, subject TO such
restrictions as may be named in this char
ter. And il generally shall have and pos
SeSs all the powers. rights and privileges,
and immunities which corporations are
and may hereafter be authorized to have
and possess under the Constitution and
| the laws of this State. and particularly
under Act No. go of the Acts of the Gen
eraI Assembly of the State of Louisiana
for the year 1914, and the amendments
thereto.
ARTICLE 1.-THE domicile OF this cor
poration shall be the City of New Orleans,
n-I, Of I rfsian n a
| all citations or other legal process shall be
served upon the president of this corpora
| ton. or in case of his absence, upon vice
| president. or in the absence of all Of these
| officers, upon the secretary of this cor
| poratiOn.
ARTICLE III-The objects and pur-
poses for which this corporation is
| formed, the nature of the business
to be carried on by it,. are hereby
| declared to be: To buy. sell. import. eX-
port and generally trade and deal in or
with either for its own account or as
agent of others, all kinds of real and
| personal property, but particularly cotton
| cotton linters and seed, the by-prOducts
| thereof. and all articles or things con-
| nected with and collateral thereto; to gin
| clean, assert, grade and Lor bale and or
| compress cotton, cotton linters, or seed
| to carry on the business Of general ware
| housing in all its several branches. and 10
| issue certificates, negotiable or otherwise
| to persons warehousing goods with IL, and
| to make advances or loans upon the Sc
| curity of such goods; and generally ia
| carry on any other business which under
| the law il may be entitled to carry on
| which may seem to the corporation to be
J calculated directly or indirectly TO effect
| the aforesaid objects and purposes, OF
| either of them, or to facilitate the cor
| pOration in the transaction of its afore-
| said business or businesses or any part
| thereof, or in the transaction of any other
| lawful business that may be calculated
| directly or indirectly to enhance the value
| of or to render profitable any Of the cor
| poration's property and rights. and gen
| orally to hold and exercise all such Incl.
dental powers and privileges and to dc
| and perform all things as relate to the
| objects and purposes hereinaboye set forth
| or as may be needful, necessary, proper
| useful or convenient for effecting said OBJ
| jectS and purposes, or either of them.
ARTICLE 1V.-The authorized capita
| stock of this corporation Is hereby fixed
| at and declared to be the sum of two hun
| bred thousand $500 000O0) dollars, which
capital stock may be increased in the man
ner provided by law to the sum of five
hundred thousand dollars (SJ00OO0.O0).
| The presently authorized capital stocl
| of this corporation shall consist of two
thousand (2OO0) shares of the par value Of
| one hundred dollars (sl00O0) each: it shall
| be represented by certificates, shall be full
| paid and non assessable when issued, shall
| be issued only for labor done or for prop
erty actually received. or for cash to b'
| paid at such times and in such amount,
| and after such notice as may be deter.
| mined by the Board of Directors. and shall
| be personal property. No transfer Of said
| capital stock shall be binding upon this
| corporation unless made in accordance
| with its charter and bylaws, and recorded
! on the books thereof.
! ARTICLE V.-All the corporate powers
| of this corporation shall be vested in and
| exercised by a board of four a. directors
! each of whom shall hold in his own name
| at least one share of the stock of this cor
| poration. Said Board of Directors shall be
| elected annually on the first day of Au-
| gust of each year, beginning with 1921
| unless such day should fall on a Legal
| holiday; and in that event on the next
succeeding day which is not legal holt
| day. All such elections shall be by ballot
| at the office of this corporation under the
| supervision of three commissioners TO be
| appointed by the Board of Directors, and
| in the absence of any commissioner the
| president shall have the power to fill the
| place by appointment. OF all such cleo
| tons, as well as of all meetings of stock
| holders, except for the purpose of liquida-
| ton or dissolution, or as otherwise re-
| quired by law, fifteen days notice shall be
| given by mailing to each stakeholder who
| appears as such on the books of this cor
| poration at his last designated address, or
| care of general delivery at New orleans,
| II he has not designated an address, a
| notice stating the time and place of the
| meeting. Each shareholder shall be en-
| titled to one vote for each share of stock
| standing in his name on the books OF this
| corporation, to be cast in person or by
| proxy, and majority of the votes cast
shall elect. Failure to elect directors on
| the day above specified shall not dissolve
| this corporation, but the directors then in
af In, ANf MI hnfH