The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-22
CHARTER OF PARA RUBBER COM
PNNN OF LOUISIANA.

United States Of America. State of
Louisiana. Parish of Orleans City Cf
New Orleans. Be il known. that on
this fourth day OF the month Of June.
in the year Of our Lord, one 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 WiJGesScs herr
matter named and undersigned, per
SOnally came and appeared the several
parties whose names are hereunto sub
Scribed. who severally declared that
awaiting themselves of the laws of the
State of Louisiana, in such cases made
and provided, they have 30 sCnantCd
and agreed, and do. by thes" presents.
covenant and agree, ana bin tnCm-
selves, as well as all other persons who
may hereafter become associated with
| them to form corporation and body
polite, in law, for the objects AMI pUr-
poses. and under the articles and Stip-
ulatiOns following, to-wit:
ARTICLE THE name of this cor
poration shall be Para Rubber Com
pany of Louisiana, Inc, and under its
said corporate name, 1t shall have
pCWe" and authority anJ enjoy cor
pOrate existence and succession. for the
| full term of ninety-nine yeas from
| the date hereof. to contract. sue and
| be sued, to make and use 4 corporate
| seal. and to alter and break the same
at pleasure: to acquire h., gift. grant
| or otherwise, receive. hypothecate
| convey, sell, lease, pledge. mort gage
and dispose of. property, real, personal
and mixed to issue negotiable bonds
and notes, or other evidences of debt, &c
name and appoint such managers
agents, directors and officers. as its
business interest and convenience may
| require to make and establish, as wei
tC
time, such bylaws, rules and regula-
lions for the proper management of the
affairs OF this corporation, as the sam,
may be necessary and proper; said cor.
poration shall have further power t
acquire, sell and dispose of the capita
stock in other corporations; and fur
rights and privileges and grants under
the laws of this State, and more par
ticularly under Act 267 of the Louis
lana Legislature of 1914.
, ARTICLE 1.-THE objects and pur
poses for which this corporation is or
ganiZed, and the nature of the bust
ness to be carried on by it, are hereb,
, declared to be: To manufacture, bu,
and sell rubber goods of every descrip
ton, and to transact such other bust
ness as may be incidental thereto o
connected Herewith. including tn
right to open and operate branch store
in other cities and states of the Union
ARTICLE III.-The capital stock O
: TINS corporation is hereby fixed at tn
: sum of Eighty Thousand ESQ, 900. 90
: Dollars, to be represented by eigh
) OF One Hundred S100.00) Dollars eacf
payable at such time and under sue
E conditions as the Board of Director
: may determine. This corporation shal
be a going concern and authorized I
2 do business as soon as fifty 5000 De
e cent Of its authorized capital shall b
subscribed for. and at least fifty 500
| per cent of all stock so subscribed TO
shall be paid for. Stock of this com
pany shall only be issued for cash. O
' for services rendered. merchandise
tions. enuring to this corporation, aC
cording to the exclusive judgment an
, findings of the Board of Director
thereof.
ARTICLE IV.-In the event an
:. holder or owner of stock, as well a
Q his widow, estate or heirs, desires I
sell or dispose of the same, such holds
g or owner, as well as his widow, estat
!. to the other stockholders through I'll
n Board OF Directors, for purchase for
n period of thirty days, in writing, at III
h price of said stock on the books
Y riod of thirty days, the said stockholC
: ers shall have the exclusive right
a accept or reject the purchase of sai
: stock. as they may elect; and in II
O event said stockholders, through sa
4 board shall fail to make said purcha:
d within the said period at the pri,
e then and in that event, the stockhold,
h or stockholders desiring to dispose
IT his stock, may sell the same to sue
e other person or persons as he may 81
/ fit
> ARTICLE V.-The domicile of tn
corporation shall be in the City of Ne
IS Orleans, La, where all meetings of Il
: stockholders or directors must be hel
Is provided, that with the written consel
y IF all the directors, valid meetings
the directors may be held outside
-. the State, or within the State, els
). where than at its domicile. Citatic
o shall be served upon the Presiden
u or in the absence or disability of Il
q latter upon the Vice-President, and
. the absence or disability of the latt
Q upon the Secretary, and in the absen,
: or disability Of the latter upon Il
!. Treasurer
: ARTICLE vI-All the corpora
d powers of this corporation shall
J. vested in and exercised by a Board
b Directors. three in number, all