The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-22
CHARTER

HON shall be stockholders. TO be
.,.,tcd on the second Monday Of June
Il each year, commencing with the sec
one Monday of June, 1927. with the uh-
Outstanding that the hrSt bQarI Oh
DIRECTORS selected by the stockholders,
AMI named in this charter, as Wen as
tn. flst set of officers, as hereinafter
named shall hold office until the sec
oul Monday of June, 1871, or uhtli
their successors have been elected ana
have qualified. After the election OF
SAID Hoard of Directors. by the hold-
c:S rf stock, as herein provided, there
suaU be elected by said directors from
their own number. the officers or the
cCrpuration. which are as follows: Isl,
a President. End, Nlce-IreSldtht' oru'
a Secretary; 18th, a Treasurer-any Two
Of which offices may be- combined IN
on" person. The first Board OF Dlrec-
tors. and the officers OF TINS corpora
lion shall he the following, and when
said Board of Directors and othceTS
shall serve until the election 10 be helu
on the second Monday of June, 1871
o. until their successors are elected,
chosen and qualified; The addresses
OF said directors and officers are set
OF pcsite their respective names: Her
man NJ Comins. President, ) Esmond
street. Dorchester Mass; Jacob Matter,
Vice resident and Treasurer. asa ,.
! ..,ar smith. Secretary, 1925 :. Frank
/ lin street. New Orleans, La. The Board
/ OF Directors shall have the right TO MI
Ian vacancies occurring in their num-
/ her. whether resulting from death, res
/ ignatiOn or otherwise.
! ARTICLE Vfi.-The annual meeting
/ Of the stockholders Of this corporation
I for tie election OF directors shall De
held on the second Monday OF June OF
/ each Year. commencing with the sec
/ oHd Monday of June, 1871. me elec-
/ ton Cor said directors shall be by pal
| Let and the majority in amount OF
! stock. voting whether in person or by
! lrUNy. shall elect the person Tor Whom
/ they are cast, each share OF stock
| voted upon, to be counted but for one
! vote. said stock shall not be entitled TO
| cumulative voting. The Board or d.
r,ctors shall give at least fifteen days
/ uu,ice by mail of the election or sald
! directors, and shall appoint one or
! more stockholders to preside at such
! election. Any failure from any cause
/ Whatsoever to elect directors on the
day named for that purpose shall not
| dissolve this corporation, but the dl-
rectors and officers then in office. shall
hold over until their successors al e
! Directors is further authorized TO
! frame and adopt bylaws, rules ano
regulations as the affairs and business
of the company may require, anu II
may deem necessary for the conduct
ing and manaS cement thereof, PROVIDED
The same does not conflict with this
charter and the laws of the state OF
| Louisiana, and those of the United
! States of America; TO name and APP
point managers. fix their compensa-
ton and terms OF employment, as Wen
as name and appoint agents and en-
pIoyees as in its discretion may seem
hit and proper, as well as TO nix the
salaries and terms of employment OF
the officers, employees, clerks and as
siStantS.
ARTICLE VIII-The Board of Di-
rectors is especially vested with the
power to acquire and purchase such
property or business, or good Will or
| all of these from individuals, firms. or
other corporations, as said Board OF
. | Directors may deem advisable and
I 4 oh, loo nd n
terms as they deem best, and to pay
therefor in the capital stock of this
, operation or otherwise.
ARTICLE IX.-No stakeholder shall
ever be held liable or responsible FOL
? the contracts, faults, or debts OF TINS
= corporation, nor shall any mere infor'
t maiity in its organization, have the eff
, feet of rendering this charter null, oil
e of exposing it's stockholders to any liza
/ bility beyond the unpaid balance OF
5 the stock owned by them.
D ARTICLE N.-The names and pos
!, office addresses of the subscribers L
$ these articles of incorporation and thu
! number of shares of stock subscribed
! | for by each ARE as follows: Herman
NJ c9mins. od Esmond street; h D9re eit,
1925 So. Franklin street. New Orleans
La. 100 shares; Isaac Smith. 1925 Sc
= | Franklin street, New Orleans. La,
= | shares.
= ARTICLE NJ. ALI stockholders
a meetings, for the election of director
r as above stated. shall be held after fif
= cen days written notice mailed TO eacl
: | stockholder. other stockholders meet
ings may be held when ordered by tn
Board of Directors, or when requisite
by at least twenty-five per cent of tn
outstanding capital stock. Notice o
! all stockholders meeting, other tina
y adjourned meetings, shall be in tn
y manner prescribed for stakeholder:
, meetings for the election of director!
unless such notice is waived by unani
u nous consent.
&c ARTICLE XII.-This charter may b
\ | amended, altered or changed, at a spe
:. cial meeting of the stockholders Gale
u for that purpose, notice of which is
Re be gwen in accordance with the pre-
y visions of this charter, by the vote {
II tw o-thirds of all the capital stock.
n ARTICLE XIII-Whereas, the sui
n scription of Herman NJ. Comins to I'll
re capital stock of this corporation cor
n sists in property to be transferred I
10 this corporation. to-wit: All his RICH
az title and interest in and to certain me,
,a | chandise, open accounts and other a.
= sets. belonging 10 the business hereto
r fore conducted by him in the city {
=, New Orleans. La. under the trade nam
,r of the Para Rubber Company of Louis
. ana, in accordance with the provision
a. of Act 267 of the Louisiana Legislatul
. of 1914, there is now annexed to thel
"a articles of Incorporation, and to
re read in connection Herewith, an a.
% curate. detailed and itemized descril
tien of such property, as to amour
~ location, extent, character and sta
as of Improvement, together with a stat
TO ment of its value as appraised by Il
er directors of this corporation, the san
tie as If set forth in full in this charter.
*
ne ARTICLE XIV.-This charter ms
a be dissolved by the vote of two-thir,
ne of all it's outstanding capital stoC
of ana upon complying with the requir
e. Inents of Section % of Act 267 of Il
d. louisiana Legislature of 1914, and
to the event of such dissolution, two
i'd qCiGators shall be named and appoints
he with all the necessary powers al
id authority-all in the manner and
Sc provided in said legislative act.
ce Thus done and passed on the d;
ID, and date first above written in Il
er presence of Messrs. William f. Co
OF keIton and Arthur J. Ryan. both cor
en- petent witnesses. domiciliated in q
ee City of New Orleans, La, who sign
these presents together with the pa
lis ties. and me, notary, after a due rea
wv ing of the whole, the parties hereto fl
he ing opposite their respective nam
Id, their subscriptions to the capital sto,
mt OF this corporation which shall const
of tute the original subscription list
of stock in this corporation.
e. Original Signed): Herman NJ. Cor
on ms, $50 shares; Jacob Matter, l
a., shares; Isaac Smith. 10 shares.