The herald., 1920-08-19

DUT Lord one thousand nine hundred ana
twenty, and of the Independence of the
United States of America the one hundred
md forty fifth. before me Raymond Ii
Saal. a Notary Public. duly commits stoned
and qualified within and for the Parish OF
Orleans. State of Louisiana. and in the
presence of the witnesses hereinafter
named and undersigned. personally came
and appeared the several persons whose
names are herruntO subscribed. who Soy
orally declared that. ayailinE themselves Of
the benefits and provisions of the Con~u-
tuition of the State of Louisiana. and of
the laws of said State relative to the or
ganiZatiOn of corporations, and particu-
larly Of the provisions Of Acts No. 20 Of
the General Assembly of the State of Lou
iSiana for the year 1914. and the amend
mentS thereto they have contracted and
agreed and united to form and do. by
these presents. contract and agree and
bind and obligate themselves to form, or
game and constitute themselves. as well
as all SuCh other persons who may here
after join or become associated with them
or their successors. into a stock corpora
tion and body polite in law. for the oh
jectS and purposes and under the cOndi-
lions. covenants. StipulationS and agree
montS of the articles following. to-wit:
ARTICLE 1.-The name and title of this
corporation shall be: Albert j. Wolf Co,
Inc. and under and by said name. unless
sooner dissolved in accordance with law
and this charter. il shall exist and con
tinue. and shall have and enjoy corporate
existence ana succession IOT 4 ptrlOu OF
ninety nine (99) years from and after the
date of this act. Ii may have, hold. re-
ceive, borrow, loan. exchange, acquire by
grant. gift or purchase. devise or bequeSt.
sell ALLEVIATE, dispose of, convey. lease,
pledge. pawn. hypOthecate, cucumber or
mortgage property of any kind, whether
real. personal or mixed. corporal or in
corporal. movable or immOvable. all sub
ject to such limitations as may be pre-
scribed by law. 1t may make issue and
endorse bonds notes and other evidences
of debt Ii may accept mortgages, pledges
or other forms of security for money
loaned or other debts. II may contract.
sue and be sued, plead or be implicated by
its corporate name in any court of compe-
tent jurisdiction. 1t may make. adopt and
use a corporate seal and alter or break the
same at pleasure. 1t may hold stock in
other corporations, and its capital stock
may be issued for capital stock of other
corporations. 1t may name. appoint and
employ such managers. directors, officers,
agents and other employees as its interests,
business and convenience may require, and
may fix their compensation, having due
regard to the nature, character and value
of their services. 1t may make and eS-
.ablish bylaws, rules and regulations nN
inconsistent with this charter or any exist
ing law, fixing or altering the manage
ment of its property, the regulation and
government of its affair, and the manner
of the certificatiOn and registration of its
stock. 1t may wind up and dissolve it
manner prescribed by law. Ii may con
duct business in this State. other States.
tie Federal Districts. the Territories and
possessions of the CnitedStates and any
foreign country. 1t shall have the power
to invest its Board of Directors with all
of its corporate powers. subject to such
restrictions as may be named in this char
ter. And it generally shall have and pos
sess all the powers. rights and privileges,
and immunities which corporations are
and may hereafter be authorized to have
and possess under the Constitution and
the laws of this State, and particularly
under Act No. 267 of the Acts of the Gen
eral Assembly of the State of Louisiana
for the year 1914, and the amendments
thereto.
ARTICLE 1.-THE domicile of this cor
poration shall be the City of New Orleans.
Parish of Orleans, State of Louisiana, and
all citations or other legal process shall be
served upon the president of this corpora
ton, or in case of his absence. upon a vice.
president, or in the absence of all of these
officers, upon the secretary of this cor
ARTICLE III.-The objects and pur-
poses for which this corporation is
formed, the nature of the business
to be carried on by it. are hereby
port and generally trade and deal in or
with, either for its own account or as
agent of others. all kinds of real and
personal property, but particularly cotton.
thereof, and all articles or things con-
nected with and collateral thereto; to gin.
clean, assert, grade and /Or bale and or
compress cotton, cotton inters, or seed;
to carry on the business of general ware
housing in all its several branches. and to
issue certificates, negotiable or otherwise
TO persons warehousing goods with it, and
to make advances or loans upon the Sc
cur1ty OF such goods; and generally to
carry on any other business which under
the law il may be entitled to carry on
which may seem to the corporation to be
calculated directly or indirectly to effect
the aforesaid objects and purposes, or
either of them, or to facilitate the cor
poration in the transaction of it's afore-
said business or businesses or any part
thereof, or in the transaction of any other
lawful business that may be calculated
directly or indirectly to enhance the value
Of or TO render profitable any of the cor
poratlon's property and rights, and gen
orally to hold and exercise all such Incl
dental powers and privileges and to do
ana perform all things as relate to the
objects and purposes hereinabove set forth
or as may be needful, necessary, proper,
useful or convenient for effecting said OBJ
)ects and purposes, or either of them.
ARTICLE IV.-The authorized capital
stock of this corporation is hereby fixed
at and declared to be the sum of two hmm
dred thousand (S20O,O0OOO dollars, which
capital stock may be increased in the man
ner provided by law to the sum of five
hundred thousand dollars $500 OOO. OO).
The presently authorized capital stock
OF this corporation shall consist of two
thousand (2OOO) shares of the par yalue Of
one hundred dollars (S1O0.OO) each: II shall
De represented by certificates, shall be full
pald ana worcestershire when issued, shall
be issued only for labor done or for prop
erty actually received, or for cash to be
pald at such times and in such amounts
ana after such notice as may be deter
mined by the Board of Directors and shall
De personal property. No transfer of said
capital stock shall be binding upon this
corporation unless made in accordance
with its charter and bylaws and recorded
1n the books thereof
ARTICLE VAN the corporate powers
1f this corporation shall be vested in and
'Nerclsed by board of four a. directors, |
each or whom shall hold in his own name
II least one share of the stock of this cor |
Doration. Said Board of Directors shall be |
elected annually on the first day of Au- |
gust, of each year, beginning with 1921, |
iniess such day should fall on a legal
Holiday; and In that event on the next
succeeding day which is not a legal holt |
lay; All such elections shall be by ballot |
II the office of this corporation under the |
of three commissioners to be |
appointed by the Board Of Directors. and |
n the absence of any commissioner the
president shall have the power to fill the |
Place by appointment. or all such cleo
ions, as well as of all meetings of stock 1
folders, except for the purpose of liquida- |
ION or dissolution, or as otherwise re-
Iuired by law, fifteen days notice shall be |
'lven by mailing to each stakeholder who
ppears as such on the books of this cor |
'oration at his last designated address, or |
are OF general delivery at New orleans
he has not designated an address. a /
otice stating the time and place of the
neeting. Each shareholder shall be en-
tiled to one vote for each share of stock
landing in his name on the hooks of this