The herald., 1920-06-17
CHARTER OF PARA RIBBER COM
PANN OF LOUISIANA

United states of America. State of
Louisiana. Parish of Orleans. city If
New Orleans. BE it 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 WIICeS-'.S here
matter named and undersigned. per
Sonally came ana appeared the several
parties whose names are hereunto sub
sCribed, who Severally declared that.
availinE themselves of the laws of the
state of Louisiana. in such raScs made.
and provided. they have rO.unarttd
and agreed, and do. by thcs" presents.
covenant and agree, ami birl them
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 slip
ulationS following, to-wit:
ARTICLE 1.-The name of this cor.
poration shall he Para Rubber Com
pany OF Louisiana, Inc, and under It's
SAID corporate name, it shall have
power and authority AMI enjoy cor
porate existence and successor. Tor the
full term of ninety-nine YEAS from
the date hereof, to contract. sue and
be sued, to make and use a corporat e
seal, and to alter and break The same
at pleasure; TO acquire b, gift, grant
or otherwise, receive, hyIoJhccdte,
convey, sell, lease, pledge. mortgage
and dispose of, property, real, personal
and mixed TO issue negotiable bonds
and notes, or other evidences of debt, to
name and appoint such mana gers.
aagents, directors and officers. as its
business interest and convenience may
require to make and establish, as well
as to alter and amend. from time to
time, such bylaws, rules and regula-
ions Tor the proper mana gement of the
affairs of this corporation, as the same
may be necessary and proper; said cor
poration shall have further power to
acquire, sell and dispose of the capital
STOCK IN other corporations: and fur
ther to enjoy and exercise all the
rights and privileges and grants under
the laws of this State, and more par
ticularly under Act @67 of the Louis
lana Legislature of 1914.
ARTICLE 1.-THE objects and pur-
poses for which this corporation is or
Sanized, and the nature of the bust
ness to be carried on by it, are hereby
and sell rubber goods of every descrip-
ton, and to transact such other bust
ness as may be incidental thereto or
connected herewith, including the
right to open and operate branch stores
IN other cities and states of the Union
ARTICLE III.-The capital stock of
tn.S corporation is hereby fixed at the
sum OF Eighty Thousand (SS0,OOO O0)
DoliarS, TO be represented by eight
hundred $500 shares of the par value
OF one Hundred ($l00.00) Dollars each
payable at such time and under such
conditions as the Board of Directors
may determine. This corporation shall
be going concern and authorized to
do business as soon as fifty (jOCf) per
cent or its authorized capital shall be
subscribed for, and at least fifty (5OG)
h.1 for.
shall be paid for. Stock of this COM
iany shall only be issued for cash, or
Tor services rendered, merchandise
property or other valuable considera-
lions, enuring to this corporation, ac-
Cording to the exclusive Judgment and
findings of the Board of Directors
thereof.
ARTICLE Iv-In the event any
holder or owner of stock, as well as
ms widow, estate or heirs, desires to
sell or dispose of the same, such hold er
or cwner, as well as his widow, estate
or heirs. must first tender such stock
to the ether stockholders through the
Board of Directors, for purchase for a
peilod OF thirty days, in writing, at the
price OF said stock on the books of
the corporation, and during such pc
ROO OF thirty days, the said stockhold-
eis shall have the exclusive right to
accept or reject the purchase of said
81 1Ck. as they may elect; and in the
event said stockholders, through said
board shall fail to make said purchase
within the said period at the price
ofered, under the conditions aforesaid,
then and in that event, the stakeholder
or stockholders desiring to dispose of
MS stock, may sell the same to such
other person or persons as he may see
fit
ARTICLE V-The domicile of this
corporation shall be in the City of New
Orleans, La, where all meetings of the
stockholders or directors must be held
provided, that with the written consent
II all the directors, valid meetings of
tbe directors may be held outside of
the state, or within the State, else
where than al its domicile. Citation
snail De served upon the President.
or in the absence or disability of the
latter upon the Vice President, and in
the absence or disability of the latter
upon the Secretary, and in the absence
or disability of the latter upon the
Treasurer.
ARTICLE VI.-All the corporate
powers OF this corporation shall be
vested in and exercised by a Board of
directors. three in number. all of