The herald. [volume] (New Orleans, La.) 1905-1953, 1920-06-17
CHARTER.
WELLS & GUsTAFsON

- me, Commissioned ana pu"liiS"'
rsblc. guy the Parish oil psIs" u.s. nrase
= and loi aforesaid, ana III tne Pl',J
bsai he witnesses ,i,, ,.'IDe and an,
sscs Of ttoned, personally canle anu ,,,, %p
"a undersis zeal persons whose MINES
hrsd the enbscribed who SeNcrally ut-
= hereunto sailing themselves OF tue
I'D tbal &C of Louisiana, relating "
US Of tne and especially hCt -, %
SorporatohhSs, ve coyenanted anu asle ',
"a ns W.. and constitute ,r,I'iTnte them
md, form md form and constitute thti ii
I" hereby Jill nu as all such other persons
lives. IS n.after Join Or become ASST
= mGy be.Iar, into "A corporation anu
s;,ted Win an law, for the objects ahn
bsdy snd under the
ping. tO-wit; .o,eo and style of this
bDs,cIE 1.-The name n"u ;,nstafson,
ARTlSLn shall De Wells u uus.al SUI,
eOrpsrs1a'b nv said corporate name d - Spa ni
Ise. snS. enjoy success lo saoner dissolved
lave ADJ Anu wears unless SOoheI I9,, e.
sipety- nihe - nroylded by law ana d! the
= The mahn.t ~ charter; and under su'n
s,,ieles OF sn II shall have power ana
ssrporate m contract sue ana De sutu
,uIbofiu "a nse a corporate scar anu anu '.o
70 make hreak or alter AT PieaouI ., ,,o
sane .w,cei,e, purchase coH,ssi ~ ncrson9,
Add rece.ho.ate property, real persolAi,
sad bypOth, 90 issue bonds, notes anu
nd rihsu, ,iops TO elect ana appoih'
| other oonsa officers, directors, agents
sucb msn cmployees as the interest," "HH
snd o QUIZ, Of the corporation may
eOaIenie"S emand. and make ana esIaoir cor
eDr laws, rules ana reg l,i,,,ro, Of
such b!a,s management ana coh'rol VI
| me corPcrn affairs as may be deem
| rs bBsinro md expedient; 10 sell rs
| Al necessnssr mortgage, pledge, or otheT-
| Sgn uahs of bonds or Otner securities
wise oisp s If capital stock OF any o.
Of sh aIs, or corporations WheIhtr Lo
corpora Somestic, and to own slocA ~ 20
dsh 0.orporatiOn or corPor''i'"''
rs the same. .o,5 cor-
''.oTIcLB H.-The domigie % %cu ar
ARIl|Lail he in the City OF Ne" VT
persnon. Of Louisiana, but II may -
ksns s'Hssi.es and agencies ana tohuu'l
ubisn a.. any other State, territory OF
business N Of the United States or III
dsPenoeney All citations or oth'r
iorasn .csss shall be served upon !he
lgsi. or in his absence, uPp" ~,
IL President and III th ne nor,nd unon the
" aid process shall De SCI
n m and Treasurer
N,c,p UI-The objects and pur-
kii. which this corporation Is orSa
peses ~ s ,ha nature of the business 10 De
piied anu hy il are hereby declared 10
=. general brokerage, com
10 oSo,warding and export business :
nsspn' seIl and deal in, as brokeTs OF
psH al, kinds Of commodities ana Sc
ss sss dealt in upoh any coilln COMM 10
nnues hoard of trade, or stock eN-
e1enanss 70 buy. sell and deal in on
dang., all kinds of listed ana uh,
nms.oers bonds and securities anu
hseu ,,v m do and perform such other
sasss az is or may he neceSsar! I oI
ssss srSb Of any Of the above hai''en
l., tVaiHAntnl
us.nsss or which may De ihciu'Itnl ~
ss,rm,ne thereto or in any wise coh"''''O
herewith. At,
..r,c1E Iy.-The capital stock OF TINS
MIIs. sbau he One Hundred Thou
teI 500 OOOOM Dollars to be DIVIDED
saa thousand 10000 shares of the par
ine ~ One Hundred (SlOO.OO) Dollars
wse vh,cb shall be payable in cash. OF
81 s1 he issued at not less than par IL
a.susnt of labor - services actually
,.adered or Of property actuaily re''i'''
B, the corporation.
This corporation shall become goinL
l a. soon as fifty (JO9o) percent o.
~a.nonnt of it's capital stock has beer
us s for and fifty 5000 percent o
"a smount SO subscribed snail nav
- IA in. The amount to whlch tn'
s..s,.i stock of this corporation may ID
,.s,sssed Is hereby fixed at one Mllloi
dt M0OO0OO Dollars. NO transfer y
sfock shall De DlnuihS uPo" -, a.
M, unless made and recorded upon IL
books
IpTIcJE y.-AIl the powers of TIN
t..rst,on shall be vested In ana IN
ssssgsment and control of its bushes
"a ssfa,rs shall be exercised by Boar
N directors to be composed OF not re-
thsp five. nor more than seven, sharehoIu
"a. and a majority present IN Perso
sb,I constitute quorum Tor the tra an,
s;,srtors may attend any meeting OF sal,
pssrd Of Directors by written proxy 40
5000 IN any other one of the directors
~Sa Nv yirtue of said written proN!
sssIl h. fully authorized to represent san
shsept director and vote upon an GUS
tons submitted to said directors mee.in
q his name as fully and with the sam
x.BaItv q. n the said absent dlrecto
we're present and voting in person An
soe AZ ssid directors may further constr
suts epy other one of said directors M
generally proxy upon whom notice OF al
directors meetings may be served
majority OF the Board of Director
voting at any time in person or Dy "rIt
ten proxy, shall be required TO pass ai
resolution or adopt any bylaws VII, WIN
sh<a % passed or adopted, shall Decoih
valid corporation acts. The first Soar
4 Directors shall serve until the election
q be held on the first Tuesday In May
MI and on the same date ana month
srh succeeding year, except wheh una
aay falls upon legal holiday, then npo
tie next following lay day, after 1iItee
days written notice mailed to each snare
holder at his last known address, as IN
nne shall appear on the books OF the cor
Doration and unless such notice be WalNe
N writing by all of the shareholders az
pean6e as such upon the books. n IAN
nv, however, from any cause 10 hoIu tn
annual nesting Of stockholders, or fall
sn 10 elect directors thereat, shall no
operate the forfeiture of this charter no
impair the corporate management, but IN
directors then In office, saall serve unit
their successors have been duly electe
and Qualifiei and installed. any vacanc
n The beard Of directors shall be file
~ the remaining directors from anon
The stockholders.
The officers Of this corporation sha
n President, Vice-President. anu
Secretary and Treasurer. Said Board
Directors shall have the right and pow'
70 appoint and dismiss sucn agent
eierks and other employees as CONDITION
IN their Judgment may justify, or the bus
ntss OF the corporation may require an
ne tenure Of office and employment
~ such agents. clerks and other employees
nsn be during the pleasure of the boai
u directors.
ohAttLE fi.--Ine IlESI DOdIu VI N''
tors with their Post Office addresses nj
sho shall serve until the first Tuesday
LAY. WI, shall consist of: Charles '
Wells, r03 yalmont Street, New Orlean
"A, {. IL. GustafsOn, Falls Buildln
Smphis Tenn. Frank G.. Brown, II
Sussh Street, New Orleans, La; Charl
g fenner. $500 Dryades Street New .
ans La; Alpheus c. Beane, 1888 Valen
@ret New Orleans, La, with the sa
Asrles W. Wells as President, the sa
n Gnstafson as Vice President and q
nc frank @. Brown as Secretary al
AkflCLE VII.-This act OF incOrpor
wa may be changed, modified. altered
ssehaed or this corporation may be di
sed by and with the consent of &
s se'een Of two-thirds in amount of the on