The herald., 1920-10-21
CHARTER
CHARTER OF NEW ORLEANS TRUCK
AND DRAYAGE COMPANY. NO"


~ first day OF the month of August, in
the year Of our Lord. one thousand min"
hundred and twenty, before me. Frederic
G. Querens, Notary Public. duly com
ImisSioncd and qualified III and for the
Parish Of orleans. State of Louisiana.
therein residing, and in the presence OF
the witnesses hereinafter named and un-
dcrsigued. personally came and appeared
Dr Herman \. Bennett. Frank W. Harvey.
Ole VI. Anderson. John \. Lcathem and
John Wagner. all Of full age and residents
of the city of New Orleans, and all of
whom declared that ayailing themselves
OF the provisions OF the Constitution and
laws of the State of Louisiana, rclatly" to
the formation and conduct of corporations.
aud particularly of the provisions OF Act.
No. pa uf the General Assembly of Louis
lama of the year 1914, and its amendments.
they do hereby form and constitute them.
SELVES. and such other persons of a-r aS
may lawfully become associated with them.
into "A CORPORATION. body pUlIil" or stock
company cstitlcd to the benefits of all
laws pertaining to such bodies. ana for
the objects and purposes, ana under the
Ntipulaiiou~ set forth in the following an.
/ Iirlrs. which articles shall constitute the
charter of the corporation herein formed
! ARTICLE The nam" aud title of thu
corporation hereby formed - declared {"
] be: New ORLEANS Truck and prayaG"
company. lur..' and its dOWlDIlc shall Ice
! in the city Of New Orleans. State of
/ Louisiana. nj which place all meetings of
/ stockholders and directors shall b" held.
except Is otherwise provided 10y law. II
shall have and enjoy corporal" cNl>ieuc"
! and succession Hudvr the said name for
| a period of ninety nine years from and
after the date of this act, unless dissolved
otherwise according to law.
! ARTICLE 1.-The objects and purposes
/ FOR which this corporation is formed and
| the nature Of the business be carried on by
! il are hereby declared to be.
| To operate automobile trucks and other
vehicles for the purpOS, of carrying goods
! wares. and merchandise. 10y contract or
| otherwise. in the Parish of Orleans and
in such other Parishes Of the state Of
| l. UuiSiana a. the nature and extent OF Its
business may require.
! To erect. construct and maintain sheds
| or warehouses necessary for the purpose
of storing said automobile trucks. sup
plies, goods, wares and merchandise.
| To purchase, acquire, buy, own, hold
! sell. convey. lease, hire, mortgage. pledge
| or otherwise dispose of or cncumber prop
Ierty, both real and personal, convenient
and incidental and To contract in any
manner necessary for the prOper accom-
! plishment and conduct of the business
hereinafter mentioned and contemplated
ARTICLE III.-Thc capital stock of thlS
| corporation is hereby nNed in the sum OF
| sixty thousand tGO.OOO.OOl dollars, divided
| into and represented by twenty -four nun
dred t24OOj shares Of stock Of the par
! value of twenty five CO. dollars each,
eighteen hundred (l,SO0) of which
| said shares OF stock shall be com
mon stock and non aSScSSaDic, represent
ing total value of tOTty-uNe tn Ju>aHd
| tS4J 100000 dollars, and six hundred GOO
shares of said stock, representing a total
! of hfteru thousand tSl5.UUOOJl dollars,
! shall bc preferred stock and nOu-ruL,ulL-
tive, said preferred stock to bear diyid, ndS
idusuallN of not less. nor more Khan tl-ht
| tND per cent. payable out of the net pront~
OF the corporation, a. hereinafter ailpl-
| lated. and which said shares of stock
shall be paid for before issued in money
or its equivalent, services or labor per
| pOrmrd, or property, real personal or
mixed, and actually received by the cor
poration. and after due appraisal of yalu"
by the Board of Directors of the corpora
| tiOu and acceptance of the Board, such
valuation shall be conclusive upon the cor
pOration, said preferred stock 10 bc re
drrmable any time after one ~ year. AT
the discretion of the Board of Directors.
said redemption 10 be made at par with
accrued dividends.
The capital stock Of this corporation
may, at any time, by compliance with law.
thousand ($lOO.OOOOOD dollars, by the is
suauce of both additional preferred and
common stock, as the stockholders and
Board of Directors may designate in
amending these articles.
ARTICLE IV.-The Powers OF this cor
pOration are hereby declared to be:
To invest its Board of Directors with all
corporate powers subject to such restric-
tion> as shall be named i'll the charter
to have succession under its corporal"
name for period of ninety-nine years
from and after the date of this act; to sue
and be sued in its corporate name in any
court Of competent jurisdiction, to make
and use 4 common seal and alter the
same at its pleasure; to acquire property
lby grant, gift. purchase aud devise or
beQueSt; to lease, hold and dispose of.
and to mortgage and pledge the same, all
subject to such limitations as may be pre-
scribed by law; To appoint such officers
and agents rs the business of the cor
puration may require, and TO hN their
/ tD having
nature, character and value of their Sery-
ices; to make bylaws not inconsistent
with any existing law, fixing or altering
the management of the property. the rcgu-
lation and government of its affairs and
the manner of the certihcatiOn and regis
tration of its stock; to wind up and dis
solve itself, or TO be wound up and dis
solved in the manner prescribed by law ;
to conduct business in this state, other
states, the Federal District, territories and
foreign countries; to hold stock in other
corporations, the capital stock of one cor
pOration may be issued for capital stock
lin other corporations; provided, however,
that no corporation shall be permitted to
vote more than ten per cent. of the capital
stock of any other corporation, and when
ever a given per cent. Of the capital stock
is required for any purpose, such per
cent. shall be calculated on the total
amount of outstanding stock entitled TO
vote; and especially to have all the pow
ers and privileges directly or by implica-
ton conferred upon corporations of this
character by the laws of this state. as well
as such powers and benefits are con
ferrcd upon corporations by other states
Federal district, territories and posses
SiOns of the United States and foreign
countries, when doing business therein,
and which are not inimicable TO the laws
of Louisiana.
| ARTICLE V.-Al of the corporate pow
ers and the management of the business
of the corporation shall be vested and
| is hereby vested in IA Board of Directors
which shall consist of a minimum number
of five (JD, and a maximum number of nine
90 stockholders, each Of whom shall hold
in his right at least one share OF un-
pledged stock of this corporation during
the tenure of Office. With the exception
| of the Board hereinafter especially named
the Directors shall be elected at the an
nual meeting of the stockholders by
cumulative vote of all the bona tide stock
| represented at such meeting by person
! or by legal written proxy, and such Iii
| rectOrs, when legally elected and qualified
| shall hold office for one year, or until
| their successors are legally elected and
qualified.
| The first annual meeting of the stock
holders shall be held on the second Mon
day in January, 1921, in the domiciliary
office of the corporation. and the sub
sequpnt annual meetings shall be held on
the corresponding day i'll their respective
| years, written notice of which meetings
shall be delivered to each stOckhOlder
| either in person or by deposit of same in
the post Office, at least fifteen (15) days
prior to such meeting, addressed to their
last known address or place of residence
or, as provided by Section 10 of Act No
267 of 1914 and the laws relative thereto
If from any cause such annual meetings
are not held on the day as above specified