The herald., 1920-11-18
CHARTER.
ny uEyD. INC, OCTo.

~-.raIN -
l6yy.npd ana state. therein. residing,
." parish a nnrca of the witnesses here
s9'is the pr and undersigned, person
81 Dsmeu anpearcd the following
\ " zane AhN whose names are hereunto
"a perso,ather with the amounts OF
pS.cribed, ..iys subscriptions TO the CAPT
IA resPsS the corporation 10 De lo.ileu'
s'ci III declare thar, a'a an S nern
~. Of tns .,te of Louisiana, relative TO
-. Il ths 90 Of corporations, they have
p.rrsaiisuOI agreed. and by these
~ss,Irtsd amt and agree, and bind and
r,sts eo'enaIyes as well as such other
sinte theo.y hereafter become asso-
.,..Ons - them or their successors, TO
,,et VIE Institute themsely into cor
~ I,d ~ body polite IN law anu Tor
,st!sil.ts and purposes anu ,, utueI ,ne
y ss.ssts and stipuI"'io"' '0''0"'"s' ~
r,rcLE 1.-THE name nnb6 ana Ha mIje 81 Int t6is
.,O.rsuon by that name this corpora
.,1yd, 1AS power and authority TO
9, sbth my succession for the full
N, hd a;y.niae years from the date
"a ., nihs.y, sue and be sued. TO
,r,Oi 70 w. 70 make and issue its nego-
s'sf EVs 70 make and use corporate
I,bs eeO.s,cbsse and receive. lease, hold.
A. y P"onyey, as well as mortgage and
u t,.te property, real. personal anu
~ 10 build on ana lnllIo'v aug p[Gp
sIe' ~asI estate, TO name ana appoint
~ N and agents as the interests
u al enC.Iooration may require, TO make
\ 4 sd C Vit such bylaws and regulations
II sd ssipila- management and regulation
N be prGP as NAV be deemed necessary,
Is nma 10 alter, change and amend
81 The sane ~
tssssre. ri, 5o,icira Of this co--
IRll|Lh.u he the City Of New Orleans,
Nfins, 'T0nisiana. and all citation and
sue al process shall be served upon
VI, .s.ideut of this corporation, or, IN
~ frsn g. .bsence, upon the Nice-Presi-
~ u ns 80 Of the absence OF both of
ut rs mon the Secretary Treasurer
srsd .,.,,.s M ,r-,osos
ARiiCts, mis- corporation is established,
i N EhNI ,,nre OF the business to be car
1t nc =" n are hereby declared 10 be to
"a ..rarsI cOoperage manufacturing
sirrIudinC the purchase and sale
esh.s hand COOperage, and generally
n..ch and every act and thing done
pa,sstion with the operation OF a gen
~ ssoperage business.
a,-,rrR IV.-The capital stock Of this
As i,S; shall be fifteen thousand dol
OOl, divided into one hundred
nv shares (l5O) Of the par value
-, Hundred dollars (SlWOo) sach; ana
~. i,rressad to the sum OF fifty thOus-
by g.lI,rs (sJOOOOOO) divided into five
w ~ shares OF the par value OF one
- 800, dollars each. and this cor
-, IL 10 be a coming concern when
800 AZ the capital stock has been
ne'..;h.S FOR and One-half thereof paid
Tscs share Of the stock shall be
" "a 10 one vote, either in person or
!. n,.1y. AZ all general elections or
n.i,r. OF stockholders. ShoAld the
-,s,J stock Of this corporation ever be
100 over the sum of fifteen thousand
..5',s lsl5OOOO0) then such additional
80. AZ stock that may be issued shall
~. \. Altered TO the holders of stock at
=, ..s Of issuance at the book value of
"A ,ss stock in the proportion in which
4. sockholders shall at the time Of is
T,no, hold stock in this corporation, and
syN any stockholder not purchase his
TsDorionnte share, than said share shall
II Z ,ssred 10 other stockholders In proper
s,tS ire number Of shares held by them
q he time Of the issuance of the new
M Part OF the stock has been paid
IN IN property, as per annexed inventory.
IRrICLE v.-The capital stock Of this
,-nr,tion NAV be paid for either in
r.ss, property or labor done and in con-
si,,,tiou OF the transfer by John Heyd,
II IA, propery described in the inventory
,-atbei hereto, the corporation has given
al tansferred to the said John Heyd
i rh shares Of the capital stock of this cor
\ WriiOn in payment of the property de-
grbsd IN said inventory and has granted
M tscharge and acquittance to him for
\ 70 shares Of the capital stock of this cor
\ wliOn.
RTICLE Vino stockh older shall ever
n n ND liable or responsible for the in.
ls,pdness. faults or defaults of this cor
4 prion, nor shall any mere informally
Il 4 he organization OF the corporation have
as afect Of rendering the charter null oil
aupesing the stockho elders to any liabil
4 ~ beyond the unpaid balance, II any, or
Is stock subscription. Should any stock.
hisr desire 10 sell his stock he shall
INT efer the same to this corporation
kgk, which shall have first preference
heron an then to the stockholders of the
Il Clnpany at its book value. through its
sfetary, and the stockholders who de
ts to purchase shall have the right tC
Frhase the same In the proportion tC
nsif respective holdings of stock in tbs
Company. Should any stakeholder not wish
purchase his proportionate share, ther
Ia share shall be offered to the other
stockholders proportionate to the number
tAAlts ONle0 DY them. SHoulu III,
utporation or said stockholders, in fifteer
hys after notice having been given, ir
Nting. fail or refuse to purchase thu
rpck offered for sale. such stock may b'
nh TO anyone. No transfer OF stock shall
made or held to be valid and bindins
nes made In pursuance Of the pro
unons Of this charter.
ARTICLE vII.-This corporation shall
ave all powers granted to such corpora
a'' BY law and shall have the power L
a1traet, sue and be sued in its corporate
me and TO own, hold, receive, loan
ne' purchase, sell and convey or mort
nn any or all Of its effects. or to hypothe
ne It's property, and to do any and al
20 and things of any kind, nature oil
wdlpuon. as may be necessary to carry
Mne objects and purposes OF said bust
aQure
ARTICLE vIII-The business OF thi,
operation shall be directed by and vested
board OF Directors, consisting o
members, two Of whom shall cOnsti
vi quorum, for the transaction of bust
~ ana the said Directors as first con
leSso shall be John Heyd, Robert Raga'
Chafes Fl. Adams. and they shall holC
=. ontl the last Monday in October
and on that day and on the same da!
nsner elections shall he held annual!
r,.y'ors az the principal once or I'M
S1non. Failure to hold an election
gay specified shall not dissolve tn
snnon, but the Directors In offic'
a nod their respective Offices until al
49,. en shan be held after thirty days
OF the time and place thereof givel
~. H1 aockholder. The annual election
,S % held on the last Monday In Octo
1, NJ and thereafter on the last Mon
~ october Of each succeeding year
ue election shall be held between tn
49, Two and four O'Clock p. m. Al
r,.es On the Board OF Directors, 70
rss,'ef cause. shall be filled by the re
directors. John Heyd shall b
~ PRESIDENT. Robert Ragas shall b
a. ~ vice President. Charles II. Adam
), ne nrst Secretary Treasurer. an
3, aan hold office until the last Mon
ma october, 1921, or until their sue
h,s are elected, and each succeeding
A., directors shall elect its principa
Il, 10. ~ the term of their election, an
i. ~khoiders shall be eligible for cleo
IN NJ member OF the Board of Direc
directors may act either in perso
en-, profy. All contracts, Commercial
ma and bank checks shall b
hsiS.,.V The Company, through tn
sSiS,s or, In his absence, sickness o
~" T" act, by the Secretary Treas
SisiCaE K.-whenever this corpora