The herald. [volume] (New Orleans, La.) 1905-1953, 1920-09-16
CHARTER.

the 6enefits and provisions Of the Consti |
tuition OF the state of Louisiana, ana OF
the laws of said State relative 10 the or
ganization of corporations. and parucu-
larly of the provisions of Acts No. 2oi OF
the General Assembly OF the state or Lou
isiana for the year 1914, and the amend
ments thereto, they have contracted ana
agreed and united TO form and DO, bE
these presents contract and agree ana
bind and obligate themselves TO FORM OF,
gauize and constitute themselves, as Wen
as all such other persons who may mere
after Join or become associated with them
or their successors, into stock corpora
ton and body polite in law. for the oo-
jects and purposes ana under the 'ohdl-
tons. covenants. stiPulations and agree
mrnts of the articles following. to-Wu:
ARTICLE 1.-The name and title or TINS
| corporation shall be: Albert j. NOH %,
! Inc and under and by said name. unless
! sooner dissolved in accordance" with law
and this charter. il shall exist ana con
| tinup and shall have and enjoy corporate
! existence and succession for period OF
ninety nine (99D years from and after IN"
I date Of this act. 1t may have. h0ld, re-
Ceive, borrow. loan. exchange. acquire by
grant. gift or purchase, devise or DeGurst'
| sell. ALLEVIATE dispose of. convey. lease
| pledge. pawn. hypOthecate. encumh"r or
mortgage property of any kind. whether
real personal or mixed, COrporeal or IN
| corporal. movable or immovable, an SUP
| iect To such limitations As may be pre-
! scribed by law. Ii may make, issue and
! endorse bonds or notes and other evidences
| Of debt. Ii may accept mortgages, pledges
! or other forms of security for money
! loaned or other debts. II may contract.
| sue and be sued, plead or be impleaded by
| its corporate name in any court OF compr.
| tent jurisdiction. 1t may make, ADOPT ana
use a corporate seal ana alter or break the
| same at pleasure. Ii may hold stock in
| other corporations, and its capital STOCK
may be issued for capital stock or other
| corporations. II may name. appoint ana
| employ such managers, directors, orlcers
| agents and other employees as Its interests
| business and convenience may require ana
, may fix their compensation, having Que
| regard 10 the nature. character and value
| of their services. 1t may make ana eS-
! .abIish by-lawS. rules and regulations nH
/ inconsistent with this charter or any exist
| ing law. fixing or altering the manage,
| ment of its property. the regulation and
| government Of its affair. and the manner
| of the Certfication and registration OF its
| stock. Ii may wind up and dissolve It
self, or be wound up and dissolved IN the
! manner prescribed by law. IL may con-
duct business in this State. or other states,
the Federal Districts. the Territories and
| possessions Of the UnitedStates and any
| foreign country. Ii shall have the power
10 invest its Board of Directors with all
OF its corporate powers. subject 10 such
| restrictions as may be named in this char
ter. And II generally shall have and pos
sess all the powers. rights and privileges,
and immunities which corporations are
and may hereafter be authorized to have
and possess under the Constitution and
the laws or TINS state, ana particularly
under Act No. s67 OF the Acts Of the Gen
eral Assembly OF the State OF Louisiana
for the year 1914, and the amendments
thereto.
ARTICLE 1.-THE domicile OF this cor
porstion shall be the City of New Orleans
Parish of Orleans State of Louisiana, and
all citations or other legal process shall be
served upon the president of this corpora
| ton. or in case OF his absence, upon vice
president, or in the absence OF all or these
/ Of
pOration.
ARTICLE III-The objects and pur-
poses for which this corporation is
formed. the nature Of the business
declared to be: To buy, sell, import, ex
port and generally trade and deal in oil
with. either for its own account or a,
agent OF others. all kinds of real and
| | cotton lnters and seed, the by-product.
thereof, and all articles or things con
nected with and collateral thereto; TO gin
clean, assert, grade and lor bale and oil
: compress cotton cotton linters. or seed
+ to carry on the business of general ware
housing in all its several branches, and Il
issue certificates, negotiable or otherwise
= to persons warehousing goods with II. anC
!, | to make advances OF loans upon the Sc
curity of such goods; and generally Il
carry on any other business which under
the law it may be entitled to carry on
, which may seem to the corporation to b.
J calculated directly or indirectly to effec
p the aforesaid objects and purposes, o.
either Of them, or TO facilitate the cor
pOration in the transaction of its afore
: | said business or businesses or any par
, thereof, or in the transaction of any othe
lawful business that may be calculated
directly or indirectly to enhance the valu
, Of or to render profitable any OF the cor
| poration's property and rights, and gen
orally to hold and exercise all such Incl
, dental powers and privileges and to d.
, and perform all things relate to tn
nj hprplnahOyQ
or as may be needful, necessary, proper
useful or convenient for effecting said OBJ
jects and purposes, or either Of them.
ii ARTICLE lV.-The authorized capita
stock Of this corporation is hereby fiXe'
, at and declared to be the sum of two hun
bred thousand (S2OO,OOOOO) dollars. which
capital stock may be increased In the man
ner provided by law to the sum OF fiv
, hundred thousand dollars (s5O0. 00000).
, The presently authorized capital stool
> Of this corporation shall consist Of tw,
! thousand (20O0) shares of the par value o
; one hundred dollars (s1OO.OO) each; Il shall
, be represented by certificates, shall be full
! paid and worcestershire when issued, shall
be issued only for labor done or for prop
erty actually received, or for cash to b.
| paid at such times and in such amount
\ | and after such notice as may be deter
) mined by the Board of Directors, and shall
be personal property No transfer OF SAL sst
, corporation unless made in accordance
with its charter and bylaws, and recorded
on the books thereof.
ARTICLE V-All the corporate power,
OF this corporation shall be vested in and
! exercised by a board of four a. directors
? each of whom shall hold in his own name
! at least one share of the stock Of this cor
poration. Said Board Of Directors shall b'
elected annually on the first day Of Au
, gust, of each year, beginning with 1921
. unless such day should fall on a lega
holiday: and in that event on the mex
> succeeding day which is not legal holi
, day. All such elections shall be by ballot
at the office Of this corporation under the
, | supervision of three commissioners to bt
appointed by the Board Of Directors, and
| in the absence of any commissioner the
president shall have the power to fill the
place by appointment. OF all such cleo
| tions as well as of all meetings of stock.
holders, except for the purpose of liquida
, ton or dissolution, or as otherwise re-
quired by law. fifteen days notice shall bt
given by mailing to each stakeholder who
appears as such on the books of this cor
} poratiOn at his last designated address, OIL
care of general delivery at Sew orleans
. If he has not designated an address, q
notice stating the time and place of the
! meeting. Each shareholder shall be en-.
titled to one vote for each share of stocI
standing in his name on the books of this
corporation, to be cast in person or by
, proxy, and majority of the votes cast
shall elect. Failure to elect directors or
the day above specified shall not dissolve
D this corporation, but the directors then In
> office shall remain in office until theil
successors are elected and qualified. Due
notice Of another election shall forthwith
be given as above provided for, and such
r notices of election shall be continued to bt