The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-22
CHARTER OF THE UNIVERSAL FOLD
ING CRATE. INC.

United States of America. State of Lou
isiana. Parish of Orleans. City of New or
leans. BE il known. that on TINS twenty
third DAY of the month of June, III the
wear of our Lord one thousand. nine hun
a red and twenty. before me. Henry George
Mccall. Notary Public. duly commits
stoned and qualified in and Tor the farlSli
and State aforesaid. therein residing. anu
in the presence of the witnesses herein
after named and undersigned. personally
came and appeared the persons WhOS"
names are hereto subscribed VINO sever
ally declared that. awaiting themselves OF
the provisions Of the laws OF lhlN Sta'"
relative to the organization OF corpora.
lions. they have contracted. coNchahtrd
and agreed to bind, form and constitute
themselves and do hereby bind. form and
constitute themselves. as well as all Such
other persons as may hereafter JON or
become associated with them. into cor
poratiOn and body polite in law. for the
objects and purposes and under the ar
ticleS. agreements and stipulatiOns follow
ing, tO-Wit:
ARTICLE 1.-The name and style Of
this corporation shall be the JmNrrSal
Folding Crate, Incorporated. ana under
that name il shall have and enjoy all the
rights. advantages and privileges granted
by law to corporations, and shall exist Tor
the pcriOd of ninety -nine years from tins
day. IL shall have power to contract sue
and be sued to make and use Il corporate
seal. and the same 10 break and alter AT
pleasure: to hold. receive, lease, reclaim,
gage hyDothecate and pledge property.
both real and personal: to issue bonds
notes and other obligations or negotiable
instruments: to name and appoint such
managers, directors, Officers, agents ana
other employees as the interest and con
venience of said corporation NAV require
or demand: to make and establish such
by laws. rules and regulations Tor the
managpme and control of its business
and affairs as NAV be deemed necessary or
eNpedient, and the same TO change ana
alter at pleasure; and to do all actS ana
things necessary and proper to carry out
the objects and purposes of said corpora
ton.
ARTICLE 1.-THE dOmicile of said cor
pOration is hereby fixed in the City OF
New Orleans, in this state. All CITATIONS
and other legal process shall be served on
the President. and, in his absence, on the
Vice President. and, in the absence of
both, on the Secretary OF the corporation.
ARTICLE III.-The objects and pur-
poses for which this corporation Is organ
lied and the nature of the business 10 be
carried on by 1t are hereby declared 10
be: To acquire all the rights. titles and
interest of John j. Dahlstrom in ana 10
Letters Patent Number 1.l2O.693. dated
December ID, 1914, and the application for
an Improvement thereto. as per Serial
Number 35IO15, for folding and COLLAPSE
bic crates: to acquire all the rights. titles
and interests of the Patent Marketing
Company, company organized under the
laws of Louisiana. in and TO the follow
Hammond Box and Veneer Company. Ltd. {;
the contract with the Terry Manufactur-
ing Company, of Terry, mississippi; the
contract with the Owosso Manufacturing
Company, of Benton, Arkansas; the con-
tract with the Enterprise Box Company.
of Judsonia, Arkansas. and the contract
with Il. e. FARRELL * Company, of Hum
bOldt. Tennessee. and all other contracts
that may have been made by the said Pat
ent Marketing Company, including all roy
alties that may become due on all OF said
contracts; to manufacture and sell ana TO
have manufactured and sold, all forms ana
styles of crates and boxes, folding, col
lapsible or otherwise, and to erect or
lease plants and factories for that purpose
to construct and operate or lease railroads
and water lines in connection with said
plants and factories, and generally to do
any and all things necessary TO carry out
the objects and purposes for when thls
corporation is organized. In consideration
of said John j. D9hlstrom transferring
and assigning to this corporation the pat
ent and patent rights hereinabove men
toned, and in securing the transfer and
assignment of the contracts also herein
above mentioned, in which contracts the
| said John J. DahlstrOm has the controlling
interest, the said John j. Dahlstrom is
to receive the sum of one hundred anc
| fifty thousand. one hundred dollars, rep
resented by fifteen hundred and one
| shares of the stock of this corporation OF
the par value of one hundred dollars
each said sum of one hundred and fifty
| thousand. one hundred dollars being th'
amount at which said patent, patent rights
contracts and royalties hereinabove re
| ferred to are hereby appraised and val
ued by the stockholders and Board of Dt
| rectOrs of this corporation. And in con
sideration Of services rendered and L
rendered by Pierre V. Blanchard am
| Julian +. benjamin in promoting and or
ganizing this corporation and in secur
| ing subscribers to the capital stock there
| to, the said Julian +. Benjamin shall re
| ceive two hundred and twenty shares an,
| no NJ rd Snnrpi
| of the capital stock of this corporation
full paid and worcestershire. -.
ARTICLE IV.-The capital stock of salt
| corporation is hereby fixed at the sum o
three hundred thousand (S300,O0O00 dol
lars. divided into three thousand shares o
| the par value of one hundred dollars each
which stock shall be paid for in cash o
property, at such times and in sucl
amounts as may be determined upon l.
the Board of Directors. The corporation
shall issue to the said Dahlstrom fifteel
hundred and one shares of stock, to tn
said Julian +. Benjamin two hundred AM
twenty shares of stock, and to the
Pierre V. Blanchard fifty shares of stock
all full paid and worcestershire, and L.
said Dahlstrom, Benjamin and Blanc
do hereby subscribe for said shares o
stock. the same to be paid for by being &C
cepted in full payment OF the patent, pat
ent rights, contracts, royalties and of tn
services rendered and to be rendered a
hereinabOve set forth. Other subscription
to said capital stock shall be paid il
cash, at such times and in such amount
as may be determined by the Board o
Directors. No transfer of stock shall b
binding upon said corporation unless mad
upon the books of the corporation, and al
certificates Of stock shall be signed b
such officers as may be designated by tn
Board of Directors The said cOrpOratiO
shall at once become and be a going con
Germ and shall Immediately commence bus
mess. The said capital stock may be in
creased from time to time TO any amour
not exceeding five hundred thousand dol
lars, such increase to be made as pro
vided by law.
Il ARTICLE V.-All the corporate power
of said corporation shall be vested in, an
the management and control of its affair
shall be exercised by Board of Directors
composed of not less than five nor NOR
shall own at least one share of stock an
shall be elected annually, by the stock
, holders, by ballot, on the first Monday
. | July, the first election to be held In 1872
Notice shall be given by mail, addresse
TO each stakeholder. at his last know
place of residence as shown on the book
of the corporation, said notice to be MALE
not more than three weeks nor less tina
two weeks before such election, and a
elections shall be held under such rule
and regulations as may be fixed by I'll
Board of Directors. In case of any failur
to hold an election as above provided, sue
failure shall not forfeit this charter, bu
! an election shall be held as soon as ma
be practicable after notice as above pre-
: vided. Each Board of Directors. at il
first meeting after each election, sha
elect from its number q President ana
Vice President; and shall also elect
, Secretary and a Treasurer. who may b
members Of the board or not as the ID