The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-08
CHARTER OF TROPICAL BAG AND
RLAP CO. INCORPORATED.

hlt"d states Of America, state of Lou
iSlana. Parish of Orleans. he il known
and remembered, that on this 26th day of
the month of May. 1920 before me- Ga
hriel Fernandez. Jr., a notary public duly
commissioned and qualified. in and for
me parish and state aforesaid: and in the
presence of the witnesses hereinafter
named and undersigned. personally came
and 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 o61 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
ehtS covenant. agree. bind. and form them
selves. as well as such persons who may
hereafter Join and become associated with
| them. into corporation and body poll
ne IN law. for the objects and purposes
ana under the agreements and StipulationS
following tO-wit:
ARTICLE 1.-The name and style of
| this corporation shall he "TropiraI Bag
ana BurlIp Co. Incorporated, " and under
'hdt name II shall have and enjoy all the
rights. advantages and privileges granted
ny law to corporations. IL shall exist
for period of ninety nine years from
dhte hereof, unless sooner dissolved; il
| shall have power and authority to sue and
| De sued in its corporate name: to make
| anu use corporate seal; and to hreoE
ana alter the same ut pleasure: TO hold
| receive mortgage, convey and hypOthe.
cate real. personal and mixed property
10 nave ana employ such managers, Off.
GERS. agents and employees as the interest
| ana convenience of said corporation NAV
| require. and to make and establish suct
| laws. rules and regulations for the cor.
| poraiP management and control of tn,
| business and affairs of the corDorotion n.
| may ne 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
| regal process shall be served upOn tn,
| president and in his absence upon tn,
wee president or secretary treasurer.
| ARTICLE III.-The objects and pur
poses for which this CORPORATION is or
gained, and the nature Of the bushes,
TO he carried on by il are hereby de
| clared TO be: to purchase or acquire in
| any manner. to manufacture. and to sci
or in any wise dispose of new and sec
Snd hand bags; burlap and its products
| Durlap, Jute, cotton and sisal bags of al
| descriptions; jute cotton and siSal twin
ana all bags and sisal supplies generally
also TO do any and all things and acts
and engage in such other business as ma,
be necessary, incidental to or cOnnecte,
win the business herein stipulated il
| this charter.
ARTICLE IV.-The capital stock of thi
corporation is hereby fixed at the sum o
slOUO.OO, which capital stock may be in
creased to the sum of $50 100000. Said can
ital stock shall be divided into 100 share
Of the par value of $4,000 per share.
All shares of stock shall be paid for i
cash by the incOrpOratOrs and shall b
non aSseSsable. No transfer of stock sha
be binding upon the corporation unles
made upon its books, and all certificate
of stock shall be signed by the presiden
and the secretary treasurer of the cor
pOratiOn.
: ARTICLE V.-No stakeholder of thi
corporation may offer for sale, sell. a,
sign or transfer his stock in this COZ
: pOration without giving to the othe
, stockholders thirty days prior notice {
p such intention. which notice shall be give
in writing to the president of the col
pOratiOn and shall by said president 4
p made known to the directors of the col
pOratiOn Immediately. and the other stOcE
: holders shall have the privilege of pul
: chasing said stock at the book value Their,
Of, for period of thirty days from d,
4 livery of said notice to the president.
l. ARTICLE VI.-All the corporate pow
Q erS of this corporation shall be vested
and the management and control of il
4 business and affairs shall be exercise
! by board of directors. composed of thr,
p stockholders. two of whom shall cOnst
tute a quorum for the transaction of bus
r ness. The directors shall be elected al
\ nually by ballot. the first Monday in Jun
The first election shall be in the yes
$ 1921. until which time the following sha
: constitute the first board of directors. I,
o Wit: Sam Eisman. Columbia, Mississippi
4 Alphonse Hainebach. 1884 Terpsichore 81
o New Orleans: Jerome Saligman, 1906 Coz
stance ST., New Orleans.
d All elections shall be held under sue
!, rules and regulations as may be dete