The herald., 1920-08-26
CHARTER OF ALBERT j. WOLF Co,
INC.

our Lord one thousand nine hundred ana
twenty, and of the Independence of the
United States of America the one hundred
and forty fifth, before me Raymond II.
Saal a Notary Public. duly commissioned
and qualified within and for the Parish OF
Orleans State of Louisiana. and in the
presence of the witnesses hereinafter
named and undersigned, personally came
and appeared the several persons whose
names are hereuntO subscribed, who sew
orally declared that. dvailing themselves OF
the benefits and provisions of the COnsu-
tuition of the State of Louisiana, and of
the laws of said State relative TO the or
ganiZation of corporations, and partlcu-
larly of the provisions of Acts No. 26I or
the General Assembly Of the State of Lou
isiana for the year 1914. and the amend
mentS thereto. they have contracted and
agreed and united to form and do, by
these presents. contract and agree and
bind and obligate them selves to form, or
ganize and constitute themselves, as well
as all such other persons who may here
after join or become associated with them
or their successors. into stock corpora
ton and body polite in law, for the OBJ
jects and purposes and under the cOndi-
tons covenants, stipulatiOnS and agree
ments of the articles following. to-wit:
ARTICLE 1.-The name and title OF this
corporation shall be: Albert J. Wolf Co,
Inc. and under and by said name unless
sooner dissolved in accordance with law
and this charter. IL shall exist and con
tinue. and shall have and enjoy corporate
existence and succession for period or
ninety nine C99) years from and after the
date of this act. Ii may have. hold. re-
ceive borrow, loan, exchange, acquire by
grant. gift or purchase, devise or bequest.
sell, ALLEVIATE, dispose Of convey. lease,
pledge pawn, hypothecate, cucumber or
mortgage property of any kind. whether
real. personal or mixed, corporal or in
corporeal movable or immOvable, all sub
ject to such limitations as may be pre-
scribed by law. 1t may make, issue and
hands nntpS 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
it's corporate name in any court of compe-
tent jurisdiction. II may make, adopt and
use 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. 1t may name. appoint and
employ such managers, directors, officers,
agents and other employees as its interests,
business and convenience may require, and
may fix their compensation, having due
regard to the nature. character and value
of their services. 1t may make and es-
.ablish bylaws. rules and regulations nN
inconsistent with this charter or any exist
ing law. fixing or altering the manage
ment of its 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 1t
manner prescribed by law. 1t may con-
duct business in this State. or other States,
the Federal Districts the Territories and
possessions Of the UnitedStates and any
foreign country. 1t shall have the power
to invest its Board of Directors with all
of its corporate powers, subject to such
restrictions as may be named in this char
ter. And it generally shall have and pos
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. 267 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
porati6n shall be the City of New Orleans,
Parish of Orleans, State Of Louisiana and
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
ARTICLE II.-The objects and pur-
poses for which this corporation is
formed, the nature of the business
to be carried on by it, are hereby
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
thereof, and all articles or things con-
Dected with and collateral thereto; to gin,
clean, assert, grade and /Or bale and or
compress cotton, cotton linters, or seed
to carry on the business of general ware
housing in all its several branches, and TO
issue certificates, negotiable or otherwise
to persons warehousing goods with 1t. and
to make advances or loans upon the Sc
curity of such goods and generally to
carry on any other business which under
the law il may be entitled to carry on
which may seem to the corporation to be
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
porations 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 hereinabove set forth
| or as may be needful, necessary. proper
useful or convenient for effecting said OBJ
jects and purposes. or either of them.
| ARTICLE IV.-The authorized capita
| stock of this corporation is hereby fixed
! at and declared to be the sum of two hun
dred thousand $500, 000.OO) dollars, which
| capital stock may be increased in the man
ner provided by law to the sum of five
hundred thousand dollars $500. O0OOO).
| The presently authorized capital stocl
OF this corporation shall consist of two
| thousand (2OOO) shares of the par value Of
one hundred dollars (s1O0.OO) each: it shall
| be represented by certificates, shall be full
paid and worcestershire 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 sale
capital stock shall be binding upon thii
| corporation unless made in accordanc,
| with its charter and bylaws, and recorded
on the books thereof.
ARTICLE V-All the corporate power
OF this corporation shall be vested in anC
| exercised by q board of four az directors
each of whom shall hold in his own nam
| at least one share of the stock of this cor
| poration. Said Board of Directors shall b.
| elected annually on the first day of Au
unless such day should fall on a lega
holiday; and in that event on the mex
| succeeding day which is not a legal holi
| day. All such elections shall be by ballo
at the office of this corporation under tn
| supervision of three commissioners to b
| appointed by the Board of Directors. an,
in the absence of any commissioner tn
president shall have the power to fill tn
| 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 b
| given by mailing to each stakeholder VIII
appears az such on the books Of this cor
poration at his last designated address, o
| care of general delivery at New orleans
If he has not designated an address,
| notice stating the time and place of tn
meeting. Each shareholder shall be en-
| titled to one vote for each share of stool
standing in his name on the books of thi
T. =.