The herald. [volume] (New Orleans, La.) 1905-1953, 1920-11-04
CHARTER.

Z
who severally declared to me. Notary. tina
availing themselves of the laws of tn
State Of Louisiana. in such cases made an,
provided. and more particularly of Act %
of the General Assembly of the State o
Louisiana, of 1914, relating to the crpl
ton. organization and formation of cor
pOratiOnS, they have COyenanted and agreed
and by these presents do covenant ant
agree and bind themselves. as well as al
such other persons as NAV hereafter be
come associated with them. to form a cor
poration for the objects and purposes an,
under the articles and stipulatOns follow
ing. tO-wit:
ARTICLE 1.-The name Of this Corpor
alton shall be Braud Packing Machin,
Company, Incorporated. and under III
corporate name it shall have pow
er and authority to have and en-
Joy corporate existence for a PERIOD
of nincty-nin years from date hereof. un
less sooner dissolved by liquidation OF
otherwise; it shall have power to contract
TO sue and be sued, 10 make and use
corporate seal and to alter and breal
same at pleasure; to hold, receive, lease
purchase, transfer, assign, convey, mort
gage, hypothecate. pledge or otherwise re-
celye or dispose Of property, real. persona
and mixed, cOrpOreal and incOrpOreal; tC
issue bonds and if desired to secure the
same by mortgage; to buy and hold STOCK
in other companies incident to the objects
and purposes or to the expansion Of the
business interests of the corporation; "a
name, elect and appoint such managers
agents. directors or officers as its bust.
ness interests may require, and 10 make
and establish, alter and amend its bylaws
rules and regulations for its proper gov
eminent. as may be deemed necessary and
proper, and generally 10 do any and all
things incident to or necessary and proper
for the extension of the business in which
the corporation is engaged.
ARTICLE lI.-This corporation shall he
domiciled in the City of New Orleans in
and oil aeN
other legal process shall be served upon
the President of the corporation, and, in
the event of his absence, or inability TO
act. from any cause whatsoever, upon the
vice President or Secretary-Trea surer.
ARTICLE 1II.-The objects and DUR
poses for which this corporation is organ
lied and created and the nature of the
business to be carried on by it, are de-
ufacture, exchange. repair and otherwise
acquire dispose OF, deal in or handle. to
export or import machinery, appliances Of
every nature, kind and description what
soever; TO equip and install the same for
use and operation by means of any motive
power whatsoever. and to operate. use. sell
lease and hire the same. To apply for OF
purchase and in any other manner to ac-
quire and to SELL assign and otherwise dis
pose of, deal in and use patents, patent
rights, privileges, licenses, trade marks
trade names, devices and improved or Sc
cret processes of every sort and description
ht,'oSdig 10 LnOSp purposes
and also to carrying on a general manu-
featuring wholesale and retail merchan-
disc and machinery business. And par
ticularly TO purchase, or in any other
manner acquire, in and for the United
States, its territories and dependencies
and in and for all foreign countries, all
rights and interests in and to a certain
patent and or improvement on a packer
for stock feed known as the Samuel G.
Braud Stock Feed Packing Machine. ap-
plication filed in the United States Patent
Office. April 10Th, 1915 Serial No. 22295S5
patented March IL, 1919, No. 1921, or, as
appears from the records of the United
states Patent Office. and upon acquisition
of said patent rights to manufacture. SELL
lease and otherwise deal in and handle
or in any manner dispose of. machines
under said patent. To hold.
lease or operate and to acquire and dispose
or shops. offices. repair plants, factories
and warehouses in connection with the
above described business. And further to
engage in foreign and domestic commerce
and to carry on the business Of the corpor-
alton in the United States and its terri
tories and dependencies and in foreign
countries, and to conduct and carry on
such other businesses as may be found
necessary or convenient for properly eff
the aforesaid businesses or en-.
HANGING the value of the properties, rights
and privileges of the corporation.
ARTICLE Iv.-Section 1: The capital
stock Of this corporation is hereby fixed
II Inv SUM VI ulNlOP0 INTO and
represented by $50 shares of the par value
If $4,000 each; said stock shall be issued
n two classes. the first to be known as
lass IA stock and the second to be
Known as Class "B" stock.
Section 2; The amount of Class "a"
tock Is fixed at the sum of S12, 10000, di-
'ided into and represented by 125 shares
II the par value of $4,000 each. Said
tock shall have the privilege of electing
wo and only two Directors Of the corpor-
m or I'll ntta at til.
aid stock shall create in the holders
hereof in any form the right to elect
more than two Directors of the corpora
ion.
Section 3: The amount Of Class "B"
took is fixed at the sum of 1880 90. di-
ided into and represented by I25 shares
4 the par value of $4,000 each. Said
took shall have the privilege of electing
wo and only two Directors of the corpor-
ton and no distribution or division of
aid stock shall create in the holders there
4 in any form the right to elect more than
wo Directors of the corporation.
Section 4: 1t is the intention and pur- |
ose of Sections 2 and 3 of this Article to !
lace In the holders Of Class "a" stock |
he right without interference from hold |
RS Of Glass "B" stock to elect two and |
My two Directors of the corporation. and |
o place in the holders of Class "B" stock |
he right, without any interference, from |
he holders of Glass "a" stock. TO elect
wo and only two Directors Of the cor
Grafton.
Section s.: Said stock shall be paid for
n cash or its equivalent, as provided by |
NV, and in such manner and at such times |
nd in such installments as may be pre- |
cribed by the Board of Directors.
Section 6: This corporation shall be-
ONE going concern and shall be author |
,ed to commence business when $4,000 90 /
its capital stock shall have been sub-
eribed and when S6,2JOO0 of its capital |
took shall have been paid for as provided |
y law.
ARTICLE v.-The capital stock of this
orporation may be increased to the sum
SlOO,OOO.OO by a two-thirds vote of ali /
ne stock present or represented at a spe-
lal meeting called for that purpose or at
regular annual meeting of the corpora
on.
ARTICLE VI.-All certificates of stock
'sued by the Company shall be signed by
ne President Tor, in his absence or in
Dilty to act, by the Vice President) and
undersigned by the Secretary-Treasurer.
he capital stock of this corporation Is
sued. received and held under the IRE
ocabIe agreement and contract entered
ITO for the mutual protection and adj
antages, and as a condition of this char
CeA