The herald., 1920-09-02
CHARTER OF ALBERT J. WOLF CO,

our Lord one thousand nine huHurtu anu /
twenty and of the Independence of the |
United States of America the one hundred |
and forty-fifth, before me Raymond ii. |
Saal. a Notary Public. duly commissioned |
and qualified within and for the Parish OF
Orleans. State of Louisiana, and in the |
presence of the witnesses hereinafter |
named and undersigned, personally came |
and appeared the several persons whose |
names are hereuntO subscribed, VINO sew
orally declared that ayaiing themselves OF
the benefits and provisions of the Constl- |
tuition of the state Of Louisiana, ana OF
the laws of said State relative to the or |
ganizatiOn of corporations. and parncu-
larly of the provisions of Acts No. 26I OF
the General Assembly of the State OF Lon
iSiana for the year 1914, and the amend
mentS thereto. they have contracted and
agreed and united TO form and do, by
these presents. contract and agree and
bind and Obligate themselves to form, or
game and constitute themselves. as We'll
all such other persons who may here
after join or become associated with them
or their successors into a stock corpora
tion and body polite in law, for the OBJ
jects and purposes and under the cohdl-
tions, covenants. stipulatiOnS and agree
mentS of the articles following, to-wlt:
ARTICLE 1.-The name and title OF this
corporation shall be- Albert J. Wolf Co.
Inc. and under and by said name. unless
sooner dissolved in accordance with law
and this charter. il shall exist and con
tinue. and shall have and enjoy corporate
existence and succession for period OF
ninety nine t99) years from and after the
date of this act. Ii may have, hold. re-
ceive, borrow, loan, exchange. acquire by
grant. gift or purchase, devise or bequest.
sell. ALLEVIATE, dispose of. convey. lease
pledge. pawn. hypothecate. cucumber or
mortgage property of any kind, whether
real personal or mixed. corporal or in
Corporeal. movable or immOvable. all sub
ject to such limitations as may be pre-
scribed by law. 1t may make. issue ana
endorse bonds or notes and other evidences
If accent
or other forms of security for money
loaned or other debts. 1t may contract.
sue and be sued plead or be impleaded by
it's corporate name in any court OF compe-
tent Jurisdiction. II may make, adopt and
use a corporate seal and alter or break the
same at pleasure. 1t may hold stock III
other corporations, and its capital stock
may be issued for capital stock OF other
corporations. Ii may name appoint and
employ such managers, directors, offlcerS,
agents and other employees as its interests,
business and convenience may require, and
may fix their compensation, having due
regard to the nature, character and value
of their services. 1t may make and es-
.ablish bylaws rules and regulations nN
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 certification and registration of its
stock. 1t may wind up and dissolve it
self or be wound up and dissolved in the
manner prescribed by law. 1t may con-
duct business in this State. or other States.
the Federal Districts. the Territories and
possessions of the UnitedStates and any
foreign country. 1t shall have the power
to invest it's Board of Directors with all
of It's corporate powers, subject to such
restrictions as may be named in this char
ter. And il 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
8
under Act No. 267 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
| poration 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 of these
officers. upon the secretary of this cor
poration.
ARTICLE III-The objects and pur-
! poses for which this corporation is
formed, the nature of the business
to be carried on by it. are hereby
declared to be: To buy, sell, import. ex-
port and generally trade and deal in or
| with. either for it's own account or as
| agent of others, all kinds of real and
personal property, but particularly cotton,
cotton linters and seed, the by-prOducts
thereof, and all articles or things con-
nected with and collateral thereto; to gin.
| clean, assert. grade and /or bale and or
| compress cotton, cotton hnters, or seed
| to carry on the business of general ware
housing in all its several branches and to
| issue certificates, negotiable or otherwise.
| to persons warehousing goods with it, and
to make advances or loans upon the Sc
! curity of such goods; and generally to
carry on any other business which under
| the law ii may be entitled to carry on.
which may seem to the corporation to be
calculated directly or indirectly to effect
aforesaid
either of them, or to facilitate the cor
| poratton in the transaction of its afOre-
| said business or businesses or any part
| thereof or in the transaction of any other
lawful business that may be calculated
directly or indirectly to enhance the value
| 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 do
and perform all things as relate to the
objects and purposes hereinabove set forth
or as may be needful, necessary, proper,
useful or convenient for effecting said OBJ
jects and purposes or either of them.
| ARTICLE lV.-The authorized capital
| stock OF this corporation is hereby fixed
| at and declared to be the sum of two hun
bred thousand $500, OO0.OO) dollars, which
capital stock may be increased in the man.
ner provided by law to the sum of five
hundred thousand dollars $500. O00.OO).
| The presently authorized capital stock
| OF this corporation shall consist of two
| thousand (2OOO) shares of the par value OF
one hundred dollars (S1O0OO) each: il shall
| be represented by certificates shall be full
paid and worcestershire when issued, shall
| be issued only for labor done or for prom
! erty actually received, or for cash to be
paid at such times and in such amounts
| and after such notice as may be deter
mined by the Board of Directors and shall
be personal property. No transfer of said
| capital stock shall be binding upon this
| corporation unless made in accordance
| with its charter and bylaws, and recorded
| on the books thereof
| ARTICLE V.-All the corporate powers
| 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 be
elected annually on the first day of Au-
| gust, of each year. beginning with 1921.
| unless such day should fall on a legal
| monday; and In that event on the next
| succeeding day which is not a legal holt
| day. All such elections shall be by ballot
at the office of this corporation under the
| 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
| tons, 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 be
| given by mailing to each stakeholder who
| appears as such on the books Of this cor
| pOration at his last designated address, or
| care OF general delivery at New orleans,
| If he has not designated an address. a
notice stating the time and place of the
meeting. Each shareholder shall be en-
titled to one vote for each share of stock
standing in his name on the books of this