The herald., 1920-11-25
CHARTER.
oF JOHN HEYD. INC, OCTO-
xuiRIBk nER lAth 1920

Il eul and OF the independence o.
sd WN,,sd States Of America the one hun
ne UnlIeu torty-ffth; before me, Gabrie
Sred ana II A notary public, duly com
ferpano and qualified, in and for thi,
aisdoneu and State, therein, residing
ill., fa nreseuce of the witnesses here
nd IN u smed and undersigned, person
lpstei and appeared the following
ily eAnsrsons whose names are hereuntc
,sned pc together with the amounts Of
,sbscriuseoSs subscriptions to the capt.
tef rsp ~ the corporation TO be formed
nl fea-.lIy declare that, availing them
sbe S,S the provisions Of the general
elFes ,hs state Of Louisiana, relative Ia
hu .j,.tion Of corporations, they have
be en,sd and agreed, and by. these
eo'ena,s covenant and agree, and bind and
prsssn themselves, as well as such other
cbigte NAV hereafter become asso-
pdsch them or their successors, Ia
dstea Constitute themselves into a cor
fofu .nd body polite in law, and for
porsus, and purposes and under the
DE OUTS and stipulations following, to-
' ,prIcLB 1.-The name and title Of this
lki.,;on shall be John Heyd, Incor-
eorpeS and by that name this corpora
rcfsD%. have power and authority 10
tOs 81, nd enjoy succession for the full
bs'e ,Inety nine years from the date
Urn "a contract, sue and be sued, 10
befeoI, ,.onay. TO make and issue its nego-
boflo'. shts 10 make and use A corporate
useh nurchase and receive, lease, hold
81 convey, as well as mortgage and
eh,ssrste, property, real personal and
bpoI n build on and improve any prop.
r1o. ,asI estate. TO name and appoint
cry ."acers and agents as the interests
Sc corporation may require, to make
arI.hlish such bylaws and regulations
tna y. nroper management and regulation
fa .tf,irs as may be deemed necessary.
-. sme to alter, change and amend
At pleasure.
AZ, shslI be the City OF New Orleans,
fa. A. Louisiana, and all citation and
prssident Of this corporation, or, in
us ~ his absence, upon the Vice-Presi-
=, In case of the absence OF both of
ee sacers, upon the Secretary Treasurer
.prIcLY III.-The objects and purposes
=. nhleb this corporation Ia established,
w w, ~ nature Of the business to be car
~ - by II are hereby declared to be to
general cooperage manufacturing
u s.ceod hand cooperage, and generally
:. a. ssch and every act and thing done
y ss.nection with the operation of a gen
mi eseperage business.
lprICLH IV.-The capital stock OF this
..s.s,.tion shall be fifteen thousand dol
s,s 0IbOO000), divided into one hundred
- sfty shares $50 OF the par value
- A, hundred dollars (S100.00) each. and
"a, 4, Increased to the sum Of fifty thous-
mi dollars $50 o00.o0 divided into five
s,sared shares Of the par value OF one
sssSred 5000 dollars each, and this cor
,s,stiop is TO be a coming concern when
Y,.h,n Of the capital stock has been
s.hserjbed for and one-haf thereof paid
I, zach share Of the stock shall be
s.tifled TO one vote, either In person or
\, ore1y, at all general elections or
ra.tisgs Of stockholders. Should the
,spt,I stock Of this corporation ever be
,sr,ased over the sum Of fifteen thousand
saIlars (sl5000.0O) then such additional
sA,res Of stock that may be issued shall
trst be offered to the holders of stock at
Il, fine Of issuance at the book value of
uN new stock In the proportion in which
M stockholders shall at the time OF is
nance hold stock In this corporation, and
mould any stakeholder not purchase his
proportienste share. than said share shall
X offered to other stockholders In proper
uop to the number OF shares held by them
Al the time of the issuance Of the new
rs-t Part Of the stock has been paid
iof n property, as per annexed inventory.
ARTICLE v.-The capital stock of this
sorporstion may be paid for either in
rsnsy, property or labor done and in con-
bderstion Of the transfer by John Heyd,
d the properly described in the inventory
ttt,ched hereto. the corporation has given
md transferred to the said John Heyd.
lle shares Of the capital stock of this cor
pontion In payment of the property de
rrbed In said inventory and has granted
nil discharge and acquittance to him for
10 shares Of the capital stock of this cor
psrstion.
ARTICLE VINO stakeholder shall ever
h held liable or responsible fer the in
dsbtedness. faults or defaults of this cor
pofltion, nor shall any mere informally
n he organization Of the corporation have
Ne eject Of rendering the charter null or
n exposing the stockholders to any liabil-
ny beyond the unpaid balance, IL any, or
III stock subscription. Should any stock
holder desire to sell his stock he shall
~ offer the same to this corporation
iisek. which shall have first preference
theecn, an then to the stockholders of the
Company at its book value. through fits
secretary, and the stockholders who de-
rre TO purchase shall have the right to
purchase the same in the proportion to
heir respective holdings Of stock in the
Conpsny Should any stakeholder not wish
. purchase his proportionate share, then
lt share shall be offered to the other
shares owned by them. Should this
tefporstion or said stockholders, In fifteen
days sitter notice having been given, in
Writing, fail or refuse to purchase the
koek offered fer sale. such stock may be
pa TO anyone. No transfer OF stock shall
" made or held to be valid and binding
liess made In pursuance Of the pro-
nnens Of this charter.
ARTICLE vII.-This corporation shall
1aw all powers granted to such corpora
Mons BY law and shall have the power to
lsnffact, sue and be sued in its corporate
ane and to own, hold, receive, loan,
~, purchase, sell and convey or mort
&c any or all Of its effects, or to hypothe-
1ie It's property, and to do any and all
,eu and things Of any kind, nature or
.xnpuon, as may be necessary to carry |
'G The objects and purposes OF said bust |
~ a. Its interests and conveniences may |
ARTICLE vIII.-The business Of this
sfpof.tion shall be directed by and vested |
board Of Directors. consisting Of
- members. two Of whom shall consti- |
". quorum, for the transaction Of bust
- ind the said Directors as first con- |
. !, t shall be John Heyd. Robert Ragas
y cnarlss =. Adams, and they shall hold |
- until the last Monday in October, |
- lnd on that day and on the same day \
sssstter elections shall be held annually |
Dfeetors az the principal ONCE OF the |
operation. Failure to hold an election |
|. ne DAY specified shall not dissolve the |
operation, but the Directors in ONCE |
I ia.. hold their respective Offices until an
x ..an shan be held after thirty days
\ 49, Of the time and place thereof given |
\. neh stockholder. The annual election |
~ ee held on the last Monday In OctO-
!. III and thereafter on the last Mon
y october Of each succeeding year,
~ me election shall be held between the
- - % two and four o'clock p. m. All
xaces on the Board OF Directors, for
'.;asser cause, shall be filed by the re-
9ng Directors. John Heyd shall be
4 sN PRESIDENT, Robert Ragas shall be
~ s,a Vice President. Charles II. Adams
-, ~ e the first Secretary Treasurer, and
snan hold Office until the last Mon /
-. october, 1921, or until their sue
are elected, and each succeeding /
~ " directors shall elect its principal
4, y lor the term OF their election. and
aocknolders shall be eligible for cleo
= Z member Of the Board Of Direc-
directors may act either in person
NJ, proxy. All contracts, commercial
suons and bank checks shall be