The herald., 1920-07-01
CHARTER OF PARA RUBBER COM
PANY OF LOUISIANA

United States of America, State of
Louisiana, Parish of Orleans, CITY If
New Orleans. Be il known, that on
this fourth day of the month of June
in the year of our Lord. one thousand
nine hundred and twenty. and of the
independence of the United States of
America, the one hundred and forty
fourth, before me, Edgar Mayer Calm
notary public. in and for the Parish
or orleans, State of Louisiana, duly
commissioned, sworn and qualified, and
IN the presence OF the Witnesses here
lhatter named and undersigned, per-
Sonally came and appeared the several
parties whose names are hereunto sub
scrlDed. who severally declared that
awaiting themselves of the laws of the
state or Louisiana, in such caSeSJnade
ana provided. they have 20 senuntcd
ana agreed, and do. by these presents.
covenant and agree, AMI biul them
selves, as well as all other persons who
may hereafter become associated with
mem 10 form a corporation and body
polite In law. for the objects and pur-
poses, and under the articles and slip
ulations following, to-wit:
ARTICLE 1.-The name of this cor
poratlon shall be Para Rubber Com
pany or Louisiana, Inc, and under its
said corporate name, il shall Rave
powe" and authority and enjoy cor
porate existence and successor for the
IuIl term or ninety-nine wears from
Il.
De sued, to make and use 4 corporate
seal. and to alter and break The same
AT pleasure: to acquire b. gift, grant
c or orherwise' receive, hyDothecate.
convey, sell, Lease. pledge. mortgage
ana dispose OF, property, real, personal
ana mixed to issue negotiable bonds
anu notes. or other evidences of debt. to
name and appoint such managers.
agents, directors and officers, as its
business interest and convenience NAV
require to make and establish, as well
as as 10 alter and amend, from time to
time, such bylaws, rules and regula :
tlons Tor the proper mana cement Of the
a1alrs or this corporation, as the same
may De necessary and proper; said cor
poratlon snail have further power to
acquire, sell and dispose of the capital
STOCK IN other corporations; and fur
ther TO enjoy and exercise all the
liz and privileges and grants under
me laws OF this State. and more par
tlcularly under Act 267 of the Louis
lana Legislature of 1914
ARTICLE 1.-THE objects and pur-
poses Tor which this corporation is or
ness to be carried on by ii. are hereby
declared to be: To manufacture. buy
ana sell rubber goods of every descrip-
ton. ana TO transact such other bust
ness as may be incidental thereto or
connected Herewith, including the
right TO open and operate branch stores
In other cities and states of the Union.
ARTICLE III.-The capital stock of
sum of Eighty Thousand ESQ, 900 .OOS
1R ,,3ndIs; to be represented by eight
hundred (SOO) shares of the par value
OK one Hundred (s1OOOO) Dollars each,
conditions as the Board of Directors
may determine. This corporation shall
pc going concern and authorized to
oo business Isl as soon as fifty 5000 per
subscribed for, and at least fifty (5Ocs !
per cent OF all stock so subscribed for
snail be paid for Stock of this COM
pany shall only be issued for cash. or
Tor services rendered, merchandise.
property or other valuable considera,
tlons, enuring to this corporation, &C
Ssoruing 10 the exclusive judgment and
nndlngs of the Board of Directors
thereof.
ARTICLE 1V.-In the event any
holder or owner of stock, as we'll as
ms widow. estate or heirs, desires TO
sell or dispose of the same, such hold er
or heirs, must first tender such stock
70 the other stockholders through the
i5oard OF Directors. for purchase for a
period Of thirty days, in writing. at the
price of said stock on the books of
/ the corporation, and during such pc
riod OF thirty days, the said stockhold-
eIs snail nave the exclusive right to
accept or reject the purchase of said
STOCK. as they may elect; and in the
event said stockholders, through said
board shall fail to make said purchase
offered. under the conditions aforesaid,
then and in that event, the stockholder
or stockholders desiring to dispose of
ms stock, may sell the same to such
other person or persons as he may see
ARTICLE V.-The domicile of this
corporation shall be in the CITY OF New
orleans, La, where all meetings of the
STOCKHOLDERS or directors must be held.
provided, that with the written consent
II all the directors, valid meetings of
tbe directors may be held outside of
tne state, or within the State, else
Where than at its domicile. Citation
snail be served upon the President
or in the absence or disability of the
latter upon the Vice-President, and in
the absence or disability of the latter
upon the Secretary, and in the absence
or disability of the latter upon the
ARTICLE VI.-All the corporate
powers OF this corporation shall be
vested In and exercised by a Board of
Directors. three in number. all Of