The herald. [volume] (New Orleans, La.) 1905-1953, 1920-06-17
CHARTER OF TROPICAL BAG AND
BURLAP CO., INCORPORATED.

United States of America. State of Lou
iSiana. Parish of Orleans. BE il known
and remembered. that on this 10Th day of
the month of May. 1920. before me. Ga
briel Fernandez, Jr., notary public, duly
commissioned and qualified! in and for
the 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.
availing themselves of the provisions of
the laws of the state of Louisiana. and
more particularly of act No. 261 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
ents 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
tie in law, for the objects and purposes
and under the agreements and stipulationS
following to-wit:
ARTICLE 1.-The name and style of
this corporation shall be "Tropical Bag
and Burlap Co., Incorporated" and under
that name it shall have and enjoy all the
rights advantages and privileges granted
by law to corporations. 1t shall exist
for period of ninety nine years from
date hereof, unless sooner dissolved; il
shall have power and authority to sue and
be sued in its corporate name; to make
and use a corporate seal: and to break
receive. mortgage, convey and hypOthe-
cate real. personal and mixed property
to have and employ such managers Off
| GERS, agents and employees as the interest
and convenience of said corporation NAV
require, and to make and establish such
| laws, rules and regulations for the cor
| pOrate management and control of the
business and affairs of the corporation as
may be deemed necessary and expedient
ARTICLE 1.-THE dOmicile of this cor
poration shall he the city of New Orleans
state OF Louisiana. All citation and other
| legal process shall be served upon the
| president and in his absence upon the
| vice president or secretary treasurer
| ARTICLE III.-The objects and pur-
poses for which this corporation is or
ganized. and the nature of the business
| to be 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.
ond hand bags; burlap and its products
burlap, jute, cotton and sisal bags of al
| descriptions; jute cotton and ssal Irvine
and all bags and sisal supplies generally
| also to do any and all things and acts
| and engage in such other business as MAY
be necessary, incidental to or connected
with the business herein stipulated, il
| this charter
| ARTICLE IV.-The capital stock of thi,
| corporation is hereby fixed at the sum o.
$1O,OOO.0O, which capital stock may be in
creased to the sum of $5O.OO0.OO. Said cap
| 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 II
| cash by the incOrporatOrs and shall b,
| non asseSsable. No transfer of stock shall
be binding upon the corporation unles,
made upon its books, and all certificates
of stock shall be signed by the presiden
and the secretary treasurer of the cor
poratiOn.
| ARTICLE v.-No stakeholder of thi
| sign or transfer his stock in this cor
pOratiOn without giving to the othei
stockholders thirty days prior notice o
such intention, which notice shall be giveI
| in writing to the president of the cor
poration and shall by said president b,
made known TO the directors of the cor
poration Immediately, and the other stock
holders shall have the privilege of pur
chasing said stock ut the book value there
| Of for a period of thirty days from de
livery of said notice to the president.
ARTICLE VI.-All the corporate pow
ers of this corporation shall be vested il
and the management and control of il
business and affairs shall be exercise,
by board of directors, composed of tire
| stockholders, two of whom shall consti
tute a quorum for the transaction of bust
ness. The directors shall be elected an
nually by ballot. the first Monday in June
The first election shall be in the yea
| 1921, until which time the following shal
constitute the first board of directors. to
wit: Sam Eisman, Columbia, Mississippi
/ Alphonse Hainebach, 1884 TerpsichOre st
New Orleans; Jerome Saligman, 1906 Con
stance ST., New Orleans.
All elections shall be held under sue
rules and regulations as may be deter