The herald., 1920-07-15
'HtRTER or PARA RUBBER COM
PANl OF LOIISINNN

United states OF America. stat. Of
Louisiana, Parish Of Orleans. CITY e
New Orleans. Ec it known, that on
this fourth day of the month Of June.
IN the year Of our Lord. on thousand
nine hundred and twenty. and of the
independence Of the United states of
America, the one hundred and forty
fourth, before me. Edgar Mayer Calm
a notary public. in and for the Parish
OF Orleans, State of Louisiana duly
commissioned, sworn and qualified. and
IN the presence of the MirrpS-,.. her
lndfter named and undersigned Der
SonaliN came ana appeared the several
parIleS whose names are hereunto sub
Scrlbed. who Sevcrally declared that
awaiting themselves of the laws OF m.
state OF Louisiana. in such naSaS rnada
ana provided. they have "oE"nantcd
and agreed, and do, by thcs" presents
covenant and agree, ami bin them
selves. as well as all othe. persons who
may hereafter become associated with
thein To form a corporation and body
polite IN law. for the objects and pLr-
poses. and under the articles and itip-
uIationS following. to-wit:
ARTICLE THE name of This cor
poration shall be Para Rubber Cam
pany OF Louisiana. Inc, and rnd.r It's
! SAID corporate name, II shall have
pcNe' and authority ana enjoy cor
poratt existence and succession for tho
| iuI term OF ninety-nine vel,s from
the date hereof. to contract. sue and
De sued. to make and u.s.. 4 corporate
seal. and 10 alter and break M same
at pleasure: to acquire ~ riff crane
or otherwise, receive. hyJoIhorate
convey. sell, lease. pledge. mortgage
anu dispose Of property, real. personal
ana mixed to issue negotiable bonds
anu notes, or other evidences Of debt. TO
name and appoint such managers,
ahSentS, directors and officers. as its
business interest and convenience NAV
require to make and eStablis as wpil
as 10 alter and amend. from time to
.iine, such bylaws, rules and regula-
| tons for the proper management Of the
analrs of this corporation. as the SAM
may be necessary and proper; said cor
poration shall have further power to
S I'LL sell and dispose of the capital
STOCK in other corporations: and fur
ther TO enjoy and exercise ali the
rights and privileges and grants under
t me iaWs OF TINS State, and more par
lana Legislature of 1914
ARTICLE 1.-THE objects and pur
poses Tor which this corporation is or
SanlZed' and the nature of the bust
declared to be: To manufacture buy
and sell rubber goods of every descrin.
NIL rn"n ana to transact such other bust
nesS as may be incidental thereto or
connected herewith, including the
| FlSht To open and operate branch stores
III other cities and states of the Union
ARTlCLE III--The capital stock of
em,a corporation is hereby fixed at the
|
ipoIiarsi to be represented by eight
hundred $500 shares of the par value
o. one Hundred CslOO.OO) Dollars each
payable at such time and under such
conditions as the Board of Directors
nay determine. This corporation shall
9e going concern and authorized TO
co business 80 ;t as soon as fifty $500 per
cent OF It's authorized capital shall he
subscribed for. and at least fifty C5Oc;)
per cent of all stock so subscribed for
s s.aaH DE paid for. Stock Of this com
bahy snail only be issued for cash. or
Ior services rendered merchandise.
properly or other valuable considera,
IONS. enuring to this corporation, ac-
Cording to the exclusive Judgment and
thereof e''ors
ARTICLE IV.-In the event any
holuer or owner of stock. as well as
n siS Wiu0w. estate or heirs. desires to
sell or dispose of the same, such holder
or G"ner, as well as his widow, estate
OF helrs, must first tender such stock
70 me other stockholders through the
Board of Directors, for purchase for n
period of thirty days, in writing. at the
price OF said stock on the books of
r re corporation. and during such pc
ers shall have the exclusive right TO
accept or reject the purchase of said
st'ck.' as they may elect; and in the
fHcn5 sald stockholders, through said
LOdrd snail rail- to make said purchase
WstnlE the said period at the price
oErred under the conditions aforesaid
tue' ana IN tnat event, the stakeholder
or stockholders desiring to dispose of
ms STOCK, may sell the same to such
other person or persons as he may see
ARTICLE V.-The domicile of this
corporation shall be in the CITY OF New
dreams, La, where all meetings of the
STOCKHOLDERS or directors must be held
provided, that with the written consent
II all the directors, valid meetings of
ire directors may be held outside of
tne state. or within the State, else
Where than at its domicile. Citation
Snail De served upon the President
or In the absence or disability of the
latter upon the Vice-Presdent, and in
the absence or disability of the latter
upon the Secretary, and in the absence
or disability of the latter upon the
ARTICLE VI.-An the corporate
powers OF this corporation shall be |
vested in and exercised by a Board of |
directors. three in number, all of |