The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-12
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 this twenty
third day of the month of June in the
year of our Lord one thousand. nine hun
drcd and twenty. before me, Henry George
Mccall. Notary Public. duly commits
stoned and qualified in and for the Parish
and State aforesaid. thereih residing. and
in the presence of the witnesses herein
after named and undersigned. personally
came and appeared the persons whose
names are hereto subscribed. who sever
ally declared that, availing themselves of
the provisions Of the laws of this State
relative To the organization of corpora
tons, they have contracted, COScnautcd
and agreed to bind. form and consulate
themselves. and do hereby bind. form and
constitute them selves. as well as all such
other persons as may hereafter join or
become associated with them. into a 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 THE name and style of
this corporation shall be the Universal
Folding Crate, Incorporated, and under
that name 1t shall have and enjoy all the
rights, advantages and privileges granted
by law to corporations. and shall exist for
the period OF ninety-nine years from this
day. 1t shall have power to contract. sue
and be sued. to make and use a corporate
seal, and the same to break and alter at
pleasure: To hold. receive lease, reclaim
iul'lld~t anu convey Us wei rs mort
gage, hypOthccate 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 and
other employees as the interest and con
venienCe Of said corporation NAV require
or demand: 10 make and establish such
bylaws. rules and regulations for the
management and control of its business
and affairs NAV be deemed necessary or
cNpedient, and the same to change and
alter ut pleasure; and to ~ all acts and
things necessary and proper To carry out
the objects ana purposes of said corpora
ton.
ARTICLE 1.-THE domicilc 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, i'll 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 to be
carried on by il are hereby declared to
be; To acquire all the rights. titles and
interest OF John J. DahlstrOm in and to
Letters Patent Number 1l2O;693. dated
December IL, 1914, and the application for
nm improvement thereto. as per Serial
Number 351.Olj. for folding and COLLAPSE
BILE 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
ing contracts: The contract with the
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
-ract with the Enterprise Box Company.
IF JudSOnia, Arkansas. and the contract
with IL. {. farrell X Company, of Hum
bOldt. Tennessee, and all other contracts
hat may have been made by the said Pat
mt Marketing Company, including all row
IN hRfnTnA n m oil of cold
contracts; to manufacture and sell and to
nave manufactured and sold. all forms and
styles of crates and boxes, folding. col
apSible or otherwise and to erect ar
o construct and operate or lease railroads
md water lines in connection with said
plants and factories, and generally to do
my and all things necessary to carry out
he objects and purposes for which this
corporation is organized. In consideration
If said John j. DahlStrOm transferring
ma assigning to this corporation the pat
mt and patent rights hereinabOve men
Toned. and in securing the transfer and
assignment Of the contracts also herein
lboye mentioned, in which contracts the
'ald John ). Dahlstrom has the controlling
interest, the said John j. DahlStrOm is
o receive the sum of one hundred and
tfty thousand, one hundred dollars, rep
resented by fifteen hundred and one
he par value of one hundred dollars
'ach; said sum of one hundred and fifty
thousand. one hundred dollars being the
mount at which said patent, patent rights.
erred to are hereby appraised and val
led by the stockholders and Board of Iii
e1tors OF this corporation. And in con
alteration of services rendered and I,
Iulian F. benjamin in promoting and or
'anizing this corporation and in secur-
ng subscribers to the capital stock there
o; the said Julian F.. Benjamin shall re-
hundred nd ttrn ~ har. 4
ne SAID Pierre V. Blanchard fifty shares
II the capital stock of this corporation.
uii paid ,ai d, and non.assessable.
ARTICLE lN.-The capital stock of said
corporation is hereby fixed at the sum of
hree hundred thousand $4,000 00.00l dol
ars' divided into three thousand shares
ne par value of one hundred dollars each |
which stock shall be paid for in cash OF
property, at such times and in such |
mounts as may be determined upon d
he Board of Directors. The corporation
hali issue to the said Dahlstrom fifteen
hundred and one shares of stock TO the |
aid Julian +. Benjamin two hundred and
wenty shares of stock, and to the sat |
Ilerre V. blanchard fifty shares of stock. |
~ luIl pald and worcestershire, and tn, |
aid Dahlstrom, Benjamin and Blanci
10 hereby subscribe for said shares of |
tock, the same TO be paid for by being ac- |
epteu IN 1ull payment of the patent pat |
NJ rights, contracts, royalties and of the |
erNiceS rendered and TO be rendered as |
lereinabove set forth. Other subscriptions |
o sald capital stock shall be paid in |
ASH, at such times and in such amounts |
. may be determined by the Board of |
Ilrectors. No transfer of stock shall be |
'lhdlng upon said corporation unless made |
pon the books of the corporation, and All |
ertltlcates of stock shall be signed by |
uch offlcers as may be designated by the |
Soard OF Directors. The said corporation |
nan at once become and be a going con-
ern and shall Immediately commence bus
ness. Inc said capital stock may be in
reased from time to time to any amount |
ot exceeding five hundred thousand dol |
irs' such increase to be made as pro-
ided by law
ARTICLE VAN the corporate powers
I SAID corporation shall be vested in, and |
ne management and control of its affairs |
nail be exercised by Board of Directors,
opposed OF not less than five nor more |
nan seven stockholders. Each Director |
nan own at least one share of stock and |
nan De elected annually, by the stock /
olders, by ballot. on the first Monday ,
uly, the first election to be held In 1921 |
'otlce snail be given by mail, addressed
Q each stakeholder. at his last known
lace OF residence as shown on the books
I the corporation, said notice to be mailed
OF more than three weeks nor less than
Ho weeks before such election, and all
Iecuons shall be held under such rules
no regulations as may be fixed by the
oard OF Directors. In case of any failure
allure shall not forfeit this charter, but
q election shall be held as soon as may
practicable after notice as above pro-
lied. Each Board Of Directors. at its
rst meeting after each election, shall
ect from its number a President ana
ice President; and shall also elect
ecretary and Treasurer, who may be
embers Of the board or not, as the d.