The herald., 1920-11-04
CHARTER.
-ous HEYD, INC. OCTO-

~ Defu nd Of the luu. ~
tsrrus ,stss Of America tne on Eoh hrn
cslted s"rty fifth OelOI br,i iN JuIy com
z, sd 10" notary puDlI, "a uu g6r this
s>ssds md quslihed' . IN aT residing,
rp,rsb A,ce of the witnesses mere
la. he prsssnd undersigned, person
G named nnneared the following
tsre sno hose names are hereunto
" a PERSONS -.ber with the amounts OF
er.ibed, Prescriptions TO the CAPT
~ rspectise coTnoratiOn to be formed,
,sssk Of uSsrIsre that, Ryailing them
g.Fersly onroyisiOns of the general
- tns .,e OF Louisiana, relative TO
~ the o., OF corporations, they nave
eFsiin I'D agreed, ana by thtst
rsssed sSnt and agree snd Dihd anu
.<sp uesscoselves, as N"I a. Sun 49,
sfre may hereafter become asso
~sH,s them or tDel lI,,,I 80 a co.
= I'D eesIsOSy polite in law, and for
tsdss tno purposes and under the
!. Ajee "a stipulatiOnS following, to-
IA: Tho name and title Of this
,xflCbb ali he John Heyd, lncor-
.Ssndos hY that name this corpora
~. $50 mower and authority to
= al niov succession for the fuN
- I'D euvsnine years from the date
= d nney, sue and be sued, to
- 10 make and issue its nego-
~ ron';,n make and use corporate
~ tou and receive, lease, hold,
Il pp.aT as well as mortgage and
!, I'D evH croperty. real, personal and
,rpstbefTs, ,d on and improve any prop
/ r5a, III estate, TO name and appoint
~ go and agents as the interests
- earnoration may require 10 make
fn.Slish such bylaws ana resulSsi9h us
VI Z. sroper management ahI rtSulHtlou
y. rtsifs IS may De , 6Sglneu and MI amnnJ
IA sane 10 alter cn1hse anu HNieNu
Z ,lssre. r,. ,o-,i,iro ~ this co--
Ls n.' sb,Il be the City Of New orleans,
n louisiana, anG 5II CI.atl9n anu
SsR y 81 nroress shall be served upon
sse 49, Of this corporation, or, In
b frssaGes bsence. upon the Vice-Pres
~ 80 of the absence of both OF
td |. - upon the Secretary-Treasurer
erd -ob,,ots and pu-nosas
IkIhL, Nc corporation is established
" u es o. the business to be car
~ W -. n are hereby declared to be to
n .s,,I cooperage manufacturing
b incIuding the purchase and sale
ssses, land cooperage. and generally
-, and every act and thing done
os,iou with the operation OF gen
= seopefsge business
.s,,rLE IV.-The capital stock OF this
bII,aa shall be fifteen thousand dol.
An oIp oO, divided into one hundred
b. ". shsrs $50 Of the par value
u ~ .drad dollars (SlOO0O) each, and
~ ~ iiacrsassd TO the sum of fifty thous
~ = s.ns,s $50 OOOO0) divided into five
" shsres of the par value OF on'
49, HIO0l dollars each, and this cor
n ..,,.s u TO be q coming concern wheI
Fsss Al the capital stock has beer
t's,s.S for and one-half thereof paiC
Ssrh share Of the stock shall b.
.,v,.S 10 one vote, either In person o.
!, ,r,ry, at all general electlons o.
AZ stockholders. Should thu
s,ct AZ this corporation ever b,
49, over the sum of fifteen thOusan,
800 fsl5OOOO0) then such additional
- a stock that may be issued shall
-. asered TO the holders of stock a
p -. Al Issu ance at the book value o
"a - stock In the proportion in whicl
:. s.rkholders shall at the time OF is
-. held stock in this corporation, AM
s..n any stockholder not purchase hi
.-ss,iopste share, than said share shal
ss.rd 10 other stockholders In proper
~ = he number Of shares held by theT
A. time Of the issuance OF the neN
~ Part OF the stock has been pal
r h property. as per annexed inventory
.vrIcLE v.-The capital stock Of thi
srs,tion may be paid for either /
-, property or labor done and in cor
ssrstcp Of the transfer by John Hey'
d, properly described In the inventor
rarhd hereto, the corporation has give
~ tsnsferred to the said John Hey'
% sAarss Of the capital stock OF this col
srs,iop In payment Of the property d.
srArd IN ssid inventory and has granite
An Arhsrge and acquittance to him fC
n hare OF the capital stock Of this CO
Fnrss.
lrrIcLE VINO stakeholder shall eve
b ~ Bsble or responsible for the II
1,sttpess. faults or defaults OF this co
purss, nor shall any mere informali'
Il ~ ofrsnization OF the corporation ha'
b A. Of rendering the charter null
dupcane the stockholders to any lab
n tsycnd the unpaid balance, II any, {
u Ecck subscription. Should any stocI
lIitr desire TO sell his stock he shs
n sHer the same to this corporate
ny, which shall have first preferen
tlrpen. an then to the stockholders or g
ounpssy at It's book value, through
trre,ry, and the stockholders who d
IN 10 purchase shall have the right
prkse the same In the proportion
irir respective holdings of stock In Z
cmpsny Should any stakeholder not wi
b purchase his proportionate share, IN
\ share shall be offered to the 9th
eekhclders proportionate to the numb
4 sksres owned by them. Should II
oyeution or said stockholders, In fife
tys sfter notice having been given,
writing. fail or refuse to purchase {
spck offered for sale. such stock may
III 10 anyone. No transfer Of stock sh
\ made or held to be valid and bindi
nes made In pursuance OF the pr
ttoas Of this charter.
ARTICLE vII.-This corporation sh
hive al powers granted to such corpoi
ions BY Law and shall have the power
tsatrsct, sue and be sued in its corpor'
nne. and to own, hold, receive. los
tas purchase. sell and convey or mo
rr any or all Of its effects. or to hypoti
ue its property. and to do any and
~ and things Of any kind. nature
secretion, as may be necessary to car
wf he objects and purposes OF said bu
m a lie interests and conveniences n
neulre
Article vIII.-The business Of q
upsfston shall be directed by and ves'
nt Board Of Directors. consisting
nre members, two Of whom shall cons
ue quorum, for the transaction or bu
~ and the said Directors as first CO
Istsd shah be John Heyd. Robert Ra,
- Charles Il. Adams. and they shall h
- Until the last Monday in Octoh
q md on that day and on the same
Sser elections shall be held annua
directors at the principal office or
ntion. Failure to hold an elect
~ day specified shall not dissolve
ennon, but the Directors In OF
~ hold their respective Offices until
n'n shaIl be held after thirty da
W II the time and place thereof 81
Sch stockholder. The annual elect
~ % held on the last Monday In 90
III and thereafter on the last NJ
October Of each succeeding ~
ne election shall be held between
- ~ two and four O'Clock p. m.
fies on the Board OF Directors,
n cause, shall be filled by the
ng Directors. John Heyd shall
~ President. Robert Ragas shall
u Vice President, Charles III. Adj
ee the first Secretary Treasurer,
saan hold ONCE until the last n
October. 1921, or until their
are elected, and each succeed
" Directors shall elect Its primo
49, fof the term Of their election,
Nockholders shall be eligible for Q
member OF the Board of Di
directors may act either in pei
~. PROXY. All contracts. CONNER
T. oh q