The herald., 1920-06-24
CHARTER.

,nc Monday Of June. 1927. with thu uu-
,!crstandinE that IN" first Board OF
directors selected by m, stockholders,
an / canned in this charter. as well a.
the lust set Of officers. ass hereinafter
named. snail hold ofrc" uutl the Sec
OH Monday OF Jun"; Ill cor uhtit
their successors haV" been elected AMI
nave oualitied. After tu" election Of
sand Hoard of Directors. Boy the hold
e:S 81 stock. a. herein provided. Their"
Stall be elected by said directors from
their own number. the officers OF the
coronation. which are as follows. l~t.
d Free ident. md. Vice President. "rd.
= Secretary. 18th. a Urea Surer-any two
Of itch offices may b" coWnIn"H M
on. rer~on. The first Board of Dircc-
tors. and the officers of this corpora
t.ut. shall he the fpllowin-. and which
:; Id Board of Directors and officers
shall serve until the election To ne held
on H." second Monday Of June. 1927,
o. Until their successors are elected,
chosen ana qualified. The addresses
Of said directors and officers are set
OF rositr their respect tive names: Her
man VI. CominS. President, ESmond
! :. -s,.t. Dorchester, Mass Jacob Matter
! Vice resident and Treasurer. 1920 ;.
! Franklin street, New Orleans, La.
! I .',ar smith. Secretary, 1929 ;. Frank
| lin street. New Orleans. La. The Board
! OF DIRECTORS shall have the right to fill
/ all vacancies occurring in their num-
/ Der. whether resulting from death. res
| IenatiOn or otherN Use.
ARTICLE Vii.-The annual meeting
/ of the stockholders of this corporation
/ for the election of directors snail be
! held on the second Monday Of June Of
! each year. commencing with the sec
/ ond Monday of June, 1921. The cleo
| tiou fGr said directors shall be bN bal
! lot and the majority in amount OF
| stock voting. whether in person or by
! IrCNN. shall elect the person for whom
! they are cast. each share OF stock
| voted upon. to be counted but for one
! vote said stock shall not he entitled TO
cumulative voting. The Board OF Dl-
! r,Ctors shall give at least hfteen. days
| no, ice by mail of the election or sara
directors and shall appoint one or
| more stockholders to preside at such
election. Any failure from any caus~
| whatsoever to elect directors on the
| day named for that purpose shall not
| dissolve this corporation, but the Ill
! Iectors and officers then in ofhce, snail
hold over until their successors are
| chosen and qualified. Said Board of
! Directors is further authorized 10
! frame and adopt bylaws, rules ana
regulations as the analrS ana business
/ of the company may require, ana IL
| NAV deem necessary for the conduct
ing and management thereof provided
the same does not conflict with inns
| charter and the laws of the state OF
| Louisiana. and those of the United
States of America: to name and ap-
POINT managers, fix their SompspsA-
lion and terms of employment, as wei
as name and appoint agents and EN-
| ployees as in its discretion may seem
tit and proper, as well as 10 IN the
salaries and terms OF employment OF
the officers, employees, clerks and as
sistants.
ARTICLE VIII.-The Board of Di-
rectors is especially vested with the
power to acquire and purchase SucI
property or business, or g9od Will OF
other corporations. as said Board oi
Directors may deem advisable anS
proper, and at such price and on suct
terms as they deem best, and to pay
| N
cor poration or otherwise.
ARTICLE IN-No stakeholder shall
, ever be hello liable or responsible To-
the contracts, faults, or debts OF I'M
corporation. nor shall any mere infor
maiity in its organization, have the ell
. feet Of rendering this charter null. o
/ of exposing its stockholders TO any la
5 bility beyond the unpaid balance oil
} the stock owned by them.
, ARTICLE N-The names and pos
5 office addresses of the subscribers Z
these articles of incorporation and TN
! number of shares of stock subscribe,
for by each are as follows: Hermal
NJ Comins, ; Esmond street, Dorches
2 ter Mass, $50 shares; Jacob Matter
2 1925 SO. Franklin, street: New orleans 1s
La. 100 shares; Isaac Smith, 1925 Sc
. Franklin street, New Orleans. La, l
| shares.
ARTICLE NJ All stockholders
: meetings. for the election OF director
as above stated, shall be held after nj
cen days written notice mailed to eac
stockholder. Other stockholders meet
| ings may be held when ordered by tn
= Board of Directors, or when requisite
= by at least twenty-five per cent of tn
= outstanding capital stock. Notice o
y all stockholders meeting, other tina
y adjourned meetings, shall be IN In
= meetings for the election of director:
r unless such notice is waived by unahl
e nous consent
$ ARTICLE NII.-This charter may b
...las. rod a
f cial meeting of the stockholders Gale
e for that purpose, notice OF when Is |
} | be gwen in accordance with the pro
I visions of this charter. by the vote u
e two thirds of all the capital stock.
!. ARTICLE XIII-Whereas. the sub
2 scription of Herman NJ. Comins TO IN
capital stock of this corporation con
| sists in property to be transferred l
D this corporation, to-wit: All his rlSh
r title and interest ir and to certain msF
e chandise, open accounts and other as
} sets. belonging to the business hereto
; fore conducted by him in the city Q
= New Orleans La, under the trade nam
r of the Para Rubber Company OF Lesis'
:, ana in accordance with the provision
of Act 267 Of the Louisiana Leglslatur
: of 1914. there is now annexed to tines
q articles of incorporation, and TO .
$ read in connection herewith, an at
curate. detailed and itemized descriI
V ton of such property, as TO amour
5 locatiQ0 extent, character and sta'
o of Improvement, together with stat'
r ment of its value as appraised DS u
@ directors of this corporation, the san
K as if set forth in full in this charter.
e ARTICLE XIV-This charter ma
a be dissolved by the vote of two-thirc
e of all its outstanding capital stoc
II AMI upon complying with the requlr'
= rments of Section IS of Act 20, OF u
l. Louisiana Legislature of 1914 and
% the event of such dissolution, two !
ID qU iGators shall be named and appolntt
lie with all the necessary powers al
ID | authority-all in the manner ana
Sc provided in said legislative act.
;e Thus done and passed on the d5
y, and date first above written IN L
n | presence of Messrs. William f. Col
~ kertOn and Arthur j. Ryan, both con
n petent witnesses, domiciliated in u
&c City of New Orleans. La, who sign'
these presents together with the pa
is ties, and me. notary, after due rea
W ing Of the whole. the parties hereto n
he ing opposite their respective nam
d, their subscriptions to the capital stoC
1T CT this corporation which shall const
" tUte the original subscription list
)f stock in this corporation.
e Original Signed): Herman NJ. Con
N ms, $50 shares; Jacob Matter, i
~ shares; Isaac Smith. 10 shares.
in Witnesses: VIM. F. Conkerton. a
sr thur J. Ryan.
,e EDGAR NJ. Calm. Not. Pub
lie I, the undersigned Recorder OF Nor
CAGES, in and for the Parish OF u
lie leans, State of louisiana, do heret
,e certify that the above and foreg0lI
Of act of incorporation of the Para Rui
)f Der Co of Louisiana, Inc, was this "a