The herald., 1920-03-25
CHARTER OF HAYDEL TRANSPORTA-
TON COMPANY, INC.

| State of Louisiana. Parish of Orleans. Re
| il known. That on this twenty fourth day
of February. nineteen hundred and twenty.
before me. Joseph LautenSchlaeger, a No
tary Public in and for the Parish of Or
leans. State of Louisiana. duly commits
| stoned and qualified, personally came and
appeared the several persons whose names
| are hereinafter subscribed, all of full age
| of majority. residing in this parish. who
declared that, ayailing themselves of the
laws of this State relative to the OrganiZa-
iiOn of corporations. more particularly Act
261 of 1914 they do hereby covenant and
agree TO form themselves into a corpora
ton for the objects and purposes and I'M
der the following stipulations. to-wit:
| ARTICLE 1.-The name and title of this
corporation shall be the "Haydel Trans
portatiOn Company, Inc" 1t shall enjoy
corporate existence for a term of 10 years
| from date hereof, unless sooner dissolved.
1t shall have. enjoy and exercise all rights.
powers and privileges now granted by
law, or hereafter granted. to corporations
of this character especially the right to
hold, receive, purchase. ALLEVIATE sell, mort
gage, pledge, rent or lease property, real.
personal and mixed. and in fact anything
permitted by the law necessary and con-
venient for carrying out the objects and
purposes of this corporation.
ARTICLE 1.-THE domicile of this cor
pOrati0n shall be in the City of New Or
leans, Louisiana, where all citations, or
other legal process. shall be served on the
President and in his absence, on the
Secretary Treasurer.
ARTICLE JI.-The objects and pur-
poses of this corporation are hereby de-
clared to be: General drayage; storage;
hiring; hauling; transportation, and. in
fact, everything connected with or Incl
dental to that line of business, and the
acquisition of the business of the "Haydel
Transfer Co."
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed at the sum Of
thirty-hve thousand dollars. divided into
fourteen hundred shares, of the par value
of twenty five dollars per share, TO be is
sued in the manner and for the cOnsidera-
ton prescribed by law. All shares to be
full paid and worcestershire. The capt.
tai stock may he increased when found
necessary by vote of twO-thirds of all
the capital stock. at a meeting called for
that purpose. The stock subscribed to
herein by Geo. Il. Haydel and Walter b.
McKinstry up to the sum of So so each
has been paid for by the transfer by them
of the business known as "Haydel Trans
fer Co." to the present corporation, in
| Guiding 3 White trucks, ) tons each: ac-
cessOries. equipment. etc, and good will
valued at $4,000 the whole as is more fully
set forth in detail on the itemized list and
statement attached hereto and made part
hereof.
ARTICLE V-All the corporate powers
of this corporation shall be vested in and
exercised by a Board of Directors, to be
composed Of three, or more, stockholders,
majority of whom shall constitute
quorum. The following named stockhold
ers shall constitute the first Board of Di
rectors. viz: Walter II. McKinstry, George
Il. Haydel and Octave l.. Aubert, all re-
siding in New Orleans. La, with the said
Walter Il. McKinstry as President, Octave
l.. Aubert as Vice President. and George
y. Haydel as Secretary-Treasurer, and
they shall hold their Office until the first
Monday of March, 1921, or until their sue
cessors are elected and qualified, on which
day the election shall take place, or as
sOon thereafter as possible. All stock
holders meetings. including the annual
meeting for the election of officers and
directors, shall be preceded by written
notice. delivered personally or mailed TO
the last known address of the stockhold-
er. fifteen days before such meeting; the
stockholders however, shall always have
the right to waive such notice. II any
vacancy occurs on the Board of Directors
the stockholders shall name or elect a sue
cessor to fill the vacancy until the next
general election The election of Directors
shall be by ballot, and each stakeholder
shall be entitled to one vote, in person or
by proxy, for each share of stock owned
by him.
ARTICLE VINO stakeholder Of this
corporation shall have the right to sell or
pledge his stock. without first Offering
same to the stockholders, through the Off
GERS Of this CORPORATION, upon allowing
said stockholders ten days to purchase
same, at book value, or receive same in
pledge. as may be desired by the owner of
said stock, and no transfer of stock shall
he binding upon this corporation unless
actually made on the books of the corpor-
alton, in the manner required by law.
ARTICLE VII-The charter of this cor
poration may be modified, altered or
| amended, or the corporation may be dis