The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-22
CHARTER.

the successful conduct of the business
herein contemplated, and IL need be OIL
considered desirable to lease, own, charter
and, or operate steam vessels and, OF
sailing vessels to transport the merchan-
disc dealt in or manufactured by this cor
poration, or any other individual or com
pany.
ARTICLE IV.-The capital stock of this
corporation shall be fifty thousand $50
OO0.OO) dollars, divided into and repre-
scented by five hundred 5000 shares OF
the par value of one hundred $500 OO)
dollars each, which shall all be common
stock, fully paid and non assessable.
No stOckholder shall sell or otherwise
dispose of his stock without first offering
II in writing to the body of stockholders
through the Board of Directors, at it,
book value, and the stockholders shall
have fifteen days within which to accept
or reject such offer before same may be
offered and sold on public market.
The capital stock Of this corporation may
be increased to the sum of two hundred
and fifty thousand $3.50, 10000 dollars, as
provided by law.
This corporation shall be and become 2
going concern on and after January /
l92O. and after nifty per cent of its capital
paid for.
ARTICLE VAN the corporate powers
OF this corporation shall be vested in and
exercised by Board of Directors to be
composed of five stockholders, three oil
whom shall constitute quorum.
The Board of Directors shall be elected
annually on the Tuesday after the first
Monday in January in each year at .
meeting of the stockholders held on that
day. All elections shall be by ballot and
each stock holder shall be entitled to on,
vote for each share of stock standing an
MS name on the books of the CORPORATION
this vote to be cast in person, or by writ.
zen proxy. Failure to select the Board OF
directors as herein provided shall moi
WORK a forfeiture of this charter but III,
old Board Of Directors shall remain In
office until their successors are duly
elected and qualified.
ANY Director who is not able TO attend
at any meeting of the Board has the rigbt
to appoint, in writing, another membe,
OF the Board to act as his proxy.
The officers Of this corporation shall n,
President, Vice President and a See
retary and Treasurer; any two of ths
be combined. The first Board Of Direc
tors TO serve until the Tuesday after IN.
Iirst Monday in January, 1921, or unit
thelr successors are duly elected and
qualified, shall consist of NJ Augustus
Davis, residing at st. Charles Hotel New
Orleans; Arthur ]. Comila, of No 1sI:
Saint Charles Avenue, New Orleans. FeIiy
V. Bruen, of No. 1908 Milan Street. New
orleans; Emile N. Cornay, of No ia;
n rhe street, New Orleans; and Bufored
New Orleans; of which NJ. Augustus Davi.
shaiI be president; Felix V. Bruen sbaI
De slce-President, and Emile n. Corpay
snail be Secretary Treasurer.
any vacancy in the Board of Directors
may De hlled by the remaining Directors
OF said Board from among the stockboId
ers' The Board Of Directors shall bav,
the power and authority, by proner reso
l1tlon, to sell. mortgage, hypothecate and
puieuee any Kind of property owned by
ntf hA.
TO purchase. lease and otherwise acpn;r.
any property for the corporation; TO max,
ioahs, borrow money, issue notes ON
otner obligations the same in any manno,
peLmllted by law; in fact it shall hav,
act e eet an the powers conferred by
ARTICLE VI.-This act of incorno-o
non may be amended, altered or modi
neu, or the corporation dissolved Mt an,
.ime Dy complying with the provisions q
the laws of this state.
| ARTICLE What the expiration of Oh;
Charter. or the earlier dissolution of mi
corporation, its affairs shall be liouidata,
Dy TWO commissioners to be elected h,
tne stockholders, in accordance with Law
\ ana said commissioners are hereby yoSto,
with full power and authority 70 col, res sue
ana all assets and property, real nersona
ana mixed of this corporation. and =
convey full and complete title thereo an,
20 90 ana perform all. every and any &c
Ut acts essential to a full and complet
liquidation of this corporation and 70 a.
tribute the proceeds, If any. In the even
OF the death, inability or Resignation a
eitner OF said commissioners. the survive
snail continue to act and be likewise In
| ed. ih mention
ARTICLE VIII.-The appearers bav
| subscribed to the number Of shares 90
opposite their respective names, and tbei
sigAatures hereto shall constitute the orr
Il mi ia
OF this corporation. ''oe
mus done and signed, in my office. n
| the City Of New Orleans. on the 10,
month and year, herein first before writ
zen, In the presence of Messieurs Charlie
Leblanc and Frank T. DOYLE com natan
male witnesses, Of age, and residents q
THIS Parish, who have signed these nres
| ents with the said appearers and ms
notary, after due reading of the whole
m witnesses: Charles Leblanc and Fran
COriginai Signed) NJ A. Davis. "a
shares; e. N. Cornay, 90 shares: p N
Myers 80 shares; A. J. GomiIa. 40 sbares
=. v. Bruen, 60 shares
JOSEPH SINAI
| i, the undersigned, Recorder Of Mort
cages, in and for the Parish of OrIean M
State OF Louisiana, do hereby certify tina
tne above and foregoing Act of Incorpo
rnn Oh the Globe Supply and Machiner
duly recorded in my office in Book 1Sss
/ Folio - OWN i-oc
1919. oecemoer -
| lSigned) EMILE J. LEONARD. DIV p
| certify the above and foregoing TO h
true and correct copy of the origins
Act OF Incorporation OF the Globe sunni
ana Machinery Company, Incorporated
together with the certificate of the Re
corder OF Mortgages thereto appended an
on file in my notarial office.
| tSigned)
| JOSEPH SINAI.
| Notary puhIi,