The herald. [volume] (New Orleans, La.) 1905-1953, 1920-10-14
CHARTER
CHARTER OF NEW ORLEANS TRICK
AND DRAYAGE COMPANY. INC"


hundred and twenty, before me, Frederic
G. QuerenS, Notary Public. duly com
mis>ioncd and qualified i'll and for the
| Parish of Orleans. State of Louisiana.
therein residing, and in the presence of
| the witnesses hereinafter named and un-
dersigned, personally came and appeared
Dr. Herman A. Bennett. Frank W. Harvey.
Ole NJ. Anderson, John \. Lcathcm and
John Wagner, all of full age ami resident :
of the city of New Orleans. and all Of
whom declared that ayailing themselves
? Of the provisions of the Constitution and
laws OF the State OF Louisiana, relative to
the formation and conduct OF corporations.
and particularly Of the provisions of Act.
! No. Pa of the General Assembly of Louis
lana OF the year 1914. and its amendments,
they do hereby form ana constitute chem.
selves. aud such other persons of age as
I may lawfully become associated with them.
into corporation. body polite or stock
company entitled to the benefits of all
/ laws pertaining To such bodies. and for
/ TIA" objects and purposes. ana under tn"
! StlpUla'iOns set forth in the following ar
tiUl'S, which articles shall constitute the
charter of the corporation herein formed a.
! ARTICLE The name and title of tn"
corporation hereby formed il declared to
| be: New ORLEANS Truck and DrayH-c
| Company. Inc and its dOmirilc shall be
in the city of New. Orleans. State OF
! Louisiana al which place all meetings. OF
stockholders and directors shall b" held.
| except As otherwise provided by law. II
/ shall haE" and enjoy corporal" rNISt"nc"
Il period OF ninety nine Years from AMI
after the date of this act. unless dissolved
OtherWis" according to law.
| ARTICLE 1.-THE objects and purposes
! for which this corporation i formed and
| the nature of the business be carried on by
| II are hereby declared to be.
To operate automobile trucks and other
| vehicles for the purpO>. Of carving goods
| wares. and merchandise. by contract or
! otherwise. in the Parish OF Orleans and
/ in such other Parishes OF the State of
/ Louisiana as the nature and extent of its
| business may require.
To erect. construct and maintain sheds
/ or Warehouses necessary for the purpose
/ Of storing said automobile trucks sup
/ plies, goods. wares aud merchandise.
! To purchase, acquire, buy. own. hold.
! sell. convey, lease, hire. murtgaE.. pledge.
or otherwise dispose OF or cucumber prop
"rty, both real and personal. convenient
and incidental. and to contract IL ANY
manner necessary for the prOpcr accom-
/ plishmcnt and conduct OF the business
hereinafter mentioned and contemplated.
! ARTICLE III.-Thc capital stock of this
corporation j. hereby hNed in the sum OF
| sixty thousand (GOOUOOOD dollars. divided
| into and represented by twenty hun
/ dTed (2IUOJ shares of stock of the par
value Of twenty five i2Ji dollars each.
eighteen hundred uNUOb of which
said shares Of stock shall be com
mon stock and worcestershire. represent
ing a total value of forry-lNe thousand
iSiJ.uCU.UOD dollars, and SIX hundred tiuO;
I
Of titteen thousand (Slj.UUOUUD dollars.
shall be preferred stock and ruLuli-
tive, said preferred stock 10 bear uiyiu, uds
annually of not less, nor more ,hau eight
| - per cent, payable out of the net prOnt~
of the corporation, As hereinafter stipI-
lated. and which said shares of stock
shall be paid for before issued in money
or its equivalent, services or labor per
PUrmed, or property, real. personal or
mixed, and actually received 10y the cor
pOratIOu, and after due appraisal OF value
by the Board OF Directors of the corpora
ton and acceptance Of the Board. such
valuation shall be- conclusive upon the cor
pOratlOn, said preferred stock TO be re-
deemHhle any time after one 81 year, AT
the discretion of the Board of Directors.
said redemption to be made at par with
accrued dividends.
The capital stock Of this corporation
may, at any time, by compliance with law.
be increased to the sum of one hundred
thousand $500 OOO.OOJ dollars by the is
suance of both additional preferred and
common stock. as the stockholders and
Board Of Directors may designate in
amending these articles.
ARTICLE IN.-The Powers OF this cor
pOratiOn are hereby declared to be:
To invest its Board of Directors with all
corporate powers subject to such reStric-
tons as shall be named in the charter;
TO have succession under its corporate
name for period of ninety nine years
from and after the date of this act: to sue
and be sued in its corporate name in any
NJ
ana use common seal and alter the
same at its pleasure; to acquire property
by grant, gift. purchase and devise or
bequest; TO lease, hold and dispose of,
and TO mortgage and pledge the same, all
subject TO such limitations as may be pre-
scribed by law, to appoint such officers
and agents the business of the cor
pOratiOn may require, and to fix their
compensation, having due regard to the
nature. character and value OF their sery-
ices; TO make bylaws not inconsistent
with any existing law, fixing or altering
the management of the property, the rcgu-
htion and government of its affairs and
the manner of the certihcatiOn and regis
tratiOn of its stock; to wind up and dis
solve itself, or to be wound up and dis
solved in the manner prescribed by law /
to conduct business in this state, other
states. the Federal District, territories and
foreign countries; to hold stock in other
corporations, the capital stock of one cor
poratiOn may be issued for capital stock /
IN other corporations; provided, however, /
that no corporation shall be permitted to
vote more than ten per cent. of the capital !
stock of any other corporation, and when !
ever given per cent of the capital stock /
Is required for any purpose, such per
cent. shall be calculated on the total !
amount of outstanding stock entitled to
vote; and especially to have all the pow
ers and privileges directly or by implica- |
ton conferred upon corporations of this |
character by the laws of this state, as well |
as such powers and benefits as are con !
ferred upon corporations by other states, |
Federal district, territories and posses
siOns of the United States and foreign |
countries, when doing business therein !
and which are not inimicable to the laws |
of Louisiana.
ARTICLE V.-AlI of the corporate pow
erS and the management of the business |
of the corporation shall be vested and |
is hereby vested in a Board of Directors, |
which shall consist of a minimum number 4
Of five (JD, and a maximum number of nine |
90 stockholders, each of whom shall hold |
in his right at least one share of un- |
pledged stock of this corporation during /
the tenure of Office. With the exception |
of the Board hereinafter especially named |
the Directors shall be elected at the an I
nual meeting of the stockholders by 4 |
represented at such meeting by person |
or by legal written proxy, and such Di-
rectOrs, when legally elected and qualified,
shall hold office for one year, or until I
their successors are legally elected and
qualified.
The first annual meeting of the stock
holders shall be held on the second Mon
day in January, 1921, in the domiciliary
office of the corporation, and the sub
annual meetings shall be held on
the corresponding day in their respective
years, written notice of which meetings
shall be delivered to each stakeholder
either in person or by deposit of same in
he post office, at least fifteen 15I days
prior to such meeting, addressed to their
last known address or place of residence;
Or, as provided by Section 10 of Act No. |
l67 of 1914, and the laws relative thereto. |
II from any cause such annual meetings |
Ire not held on the day as above specified, |
Or any stockholders meeting is considered