The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-01

United States of America, State of Lou
isiana, Parish of Orleans. Be it known
and remembered. that on this Goth day of
the month of May, 1920. before me, Ga
briel Fernandez Jr., a notary public. duly
commissioned and qualified. in and for
the parish and state aforesaid; and in the
presence of the witnesses hereinafter
named and undersigned, personally came
and appeared the persons whose names are
hereuntO subscribed, who declared that.
availing themselves of the provisions of
the laws of the state of Louisiana. and
more particularly of act No. 267 of the
General Assembly of the state of LOuisi-
ana for the year 1914; they have cove
| nanted and agreed, and do by these pres
| ents covenant, agree, bind, and form them
selves, as well as such persons who may
| hereafter join and become associated with
them, into q corporation and body poli-
tic in law, for the objects and purposes
| and under the agreements and stipulations
| following tO-wit:
| ARTICLE 1.-The name and style of
| this corporation shall be Tropical Bag
and Burlap Co, Incorporated" and under
| that name il shall have and enjoy all the
rights advantages and privileges granted
/ by law to corporations. 1t shall exist
for period of ninety nine years from
date hereof, unless sooner dissolved; il
shall have power and authority to sue and
De sued In its corporate name; to make
and use corporate seal: and TO break
and alter the same at pleasure; to hold
receive. mortgage, convey and hypothe
cate real, personal and mixed property
10 nave and employ such managers, Off
GERS, agents and employees as the Interest
and convenience of said corporation may
require, and to make and establish sucl
, laws. rules and regulations for the cor
, pOrate management and control of tn,
business and affairs of the corporation n,
may be deemed necessary and expedient
5 ARTICLE 1.-THE domicile of this cor
5 poration shall be the city of New Orleans
! state of Louisiana. All citation and othe
r legal process shall be served upon tn
president and in his absence upon tn
D vice president or secretary-treasurer.
= ARTICLE III.-The objects and pur
poses for which this corporation is or
gan1zed, and the nature of the bushes
10 De carried on by ii are hereby de
cared to be: to purchase or acquire il
Z any manner, to manufacture and to sci
or IN any wise dispose of new and sec
ond hand bags; burlap and its products
0urlap, Jute, cotton and sisal bags of a.
d inscriptions; jute cotton and ssal twin
s ana all bags and sisal supplies generally
d also to do any and all things and act,
: ana engage in such other business as ma
a De necessary, incidental to or connecte
n with the business herein stipulated, j
4 this charter.
ARTICLE IV.-The capital stock of thi
: corporation is hereby fixed at the sum {
= SlO,OO0.OO, which capital stock may be In
|
1tal stock shall be divided into 100 share
, OF the par value Of $4,000 per share.
a All shares of stock shall be paid for /
a cash by the incorporatOrs and shall /
). worcestershire. No transfer of stock sha
n be binding upon the corporation unle.
n made upon its books, and all certificat,
of stock shall be signed by the presideI
and the secretary-treasurer of the co
l. poration.
% ARTICLE V.-No stakeholder of tn
" corporation may offer for sale, sell, a
II sign or transfer his stock in this co
Is poration without giving to the 9th
10 stockholders thirty days prior notice
20 such intention, which notice shall be Civ,
"A in writing to the president of the co
q poratiOn and shall by said president
10 made known to the directors of the co
poration Immediately, and the other stoc
=. holders shall have the privilege of pu
81 chasing said stock at the book value Their
- q of, for period Of thirty days from d
~ livery Of said notice to the president.
O. ARTICLE vI-All the corporate pov
no ers of this corporation shall be vested
id and the management and control of
Id business and affairs shall be exercis
id by board of directors, composed OF thr
lie stockholders. two of whom shall csns
tute a quorum for the transaction of bui
l., ness. The directors shall be elected a
~ nually by ballot, the first Monday in Jul
- The first election shall be in the We
a. 1921, until which time the following shi
as constitute the first board Of directors.
- wit: Sam Eisman, Columbia Mississippi
% Alphonse Hainebach, 1884 Terpsichore S
~ New Orleans; Jerome Saligman, 1905 Co
-. stance St., New Orleans.
I'd Al elections shah be held under su
Js truIeS and re0ulaffons as NAV be detf