The herald. [volume] (New Orleans, La.) 1905-1953, 1920-06-03
CHARTER.
Of WELLS 4 GUsTAFsoN,

| ipe'e Aahel NaIhvI and qualified
%sHe. duly ~ parish of Orleans, State
and for aforesaid, and in the pres.
4 IOuisisha' illnesses hereinafter named
~ Of tDs personally came ana ap.
" undersle persOns whose names
ssred the Ssubscribed who severally de-
bereunto oyailing themselves OF the
sred tbsl S,ate of Louisiana, relating 10
Sgs Of tns and especially act Zo' Oh
i,porslloIhs have covenanted ana asreeu 20
~ they and constitute thensei anu
I'D, lV sY bind, form ana cons shnr norSons
i hereo! well as all sucn 0tn nona aSso'
may nerha,n into a corporation ana
ated VIE VIE. an law, for the objects anu
s1y poliuc under the stlpulati0ns 1Ol'
Eases and un''i
r alSs. tO-wit; ord STYLE Of this
Article hall be Wells X Gustafson,
syperanon aid corporate name IL shalI
nj and y! u succession for perlod OF
sre and enyo cars unless sooner dissolved
Jpety-Bine nroyided by law and by the
tbe NANNY il charter; and under such
ncles Oh ne II shall have power ana
opOrae no rontract. sue and ne sued :
rIboIl. nd use a corporate scar anu 'ne
Dase hreak or alter at pleasure, "
Sne .ScsiIe. purchase COMFY iIo orsona,
ad bypol" 60 issue bonds, notes, anu
I'd mlieo, ,iops TO elect and appoint
her opns officerS, directors, agents
i sch maBAeanIoyees as the Interest ana
ID Otbel ~ the corporation may re.
snyeniepS. and and make and establish
/ sire or ruIes and regulations Tor
/ sb g-m',s management and COntrOl OF
b. cOfpo sand affairs rs may be deem
D buslpes and expedient: to sell. as
4. ..fh nT
4 pesosfer. mortgage, pledge or othtr-
an ,,snose of bonds or other seCuIi,l'S
ns o of capital stock OF any JIM
shalss mr. CORPORATIONS whether for-
oporatlon " and TO own stock in any
dg1 OF ovation or corporations, and to
~ the same -, ,,5 oor
RIlCLna no in the City Of New Or
yrilion sn" Of Louisiana, but il may eS-
4 ais oss;oos and agencies ana conduct
1hlsn 70 anv other State, territory or
ssness ~ the United States or III
kqenoen,oy, ntries. All citations or other
helgn 80 shall be served upon the
"a P ar in his absence, upon the
Prslno..s,dent and In the absence OF Dol u
WITT n,ocess shall be served upon the
Dr. .s,,ry and Treasurer.
S.rIcrE UI-The objects ana pur"
-, which this corporation Is orga-
80 "a the nature OF the business TO DE
pfe sn oo nv il are hereby declared TO
An q general brokerage, com
i ~ forwarding and export business
hr $50 sell and deal in, as brokers' OF
v" ali kinds of commodities ana Sc
.s;ss dealt in upon any commercial
dnnss hoard of trade. or stock eN-
sEnsSss md 10 buy, sell and deal in on
dhss .son ALI kinds of listed and un-
s ~ s,ocEs bonds and securities; ana
%n riv N do and perform such other
FH sss &c Is or may be necessary Tor
NAa..,Aa,ance of any of the above named
lsi :, which may be incidental or
49, thereto or in any wise connected
assvith.
,,rIcIE Iy.-The capital stock of this
s,a,,on shall be One Hundred Thou
g aSto1 OOOOW Dollars to be divided
s .ns thousand 10000 shares of the par
!, One Hundred (SlO0.OO Dollars
~ which shall be payable in cash, or
- 10 issued at not less than par IN
,,ymsut Of labor % services actually
roa.,sS ar of property actually received
! r he corporation.
This corporation shall become gong
n ,srsrn as soon as fifty CJOIo) percent OF
~ .monnt Of its capital stock has been
...s,Ssd for and fifty $500 percent of
M amount so subscribed shall have
~ Maid In. The amount to which the
.sit,I stock of this corporation may be
.s,esspd Is hereby fixed at One Million
na0OO0OO Dollars. No transfer OF
MI shall be binding upon the corpora
IN upess made and recorded upon its
noks
ARTICLE V.-All the powers of thi,
srnoration shall be vested In and the
increment and control of its business
"A S,fsirs shall be exercised by a Board
4 Directors to be composed of not less
ian five, nor more than seven, sharehold-
a: and a majority present in person
u call constitute a quorum for the trans,
= rdOn Of all business. Any one OF saiG
t-ecton may attend any meeting OF SAID
hsrd Of Directors by written proxy ad'
essspd 10 any other one of the directors
va by virtue of said written proxy
Asl be fully authorized to represent said
lsnt director and vote upon all ques-
Sss submitted to said directors meeting
his name as fully and with the same
uadlty as II the said absent director
Wv present and voting in person. ANY
o. said directors may further constr
he any other one of said directors his
Fnsslly proxy upon whom notice OF all
trstors' meetings may be served.
majority of the Board of Directors
wing at any time in person or by writ
N proxy, shall be required to pass any
solution or adopt any bylaws which
MA 80 passed, or adopted, shall become
Md corporation acts. The first Board
Directors shall serve until the election
k held on the first Tuesday In May,
n and on the same date and month in
N succeeding year, except when that
" falls upon legal holiday, then upon
next following lay day, after fifteen
hls written notice mailed to each share
hhr at his last known address, as the
sne shall appear on the books of the cor
s'a1en and unless such notice be waived
asnting by all Of the shareholders ap-
nfng as such upon the books. A fail
" however, from any cause to hold the
na'il meeting Of stockholders, or fail
70 elect directors thereat, shall not
2sle the forfeiture of this charter nor
spsr the corporate management, but the
sseefs then In office. snail serve until
~ successors have been duly elected
Qualified and installed. any vacancy
Ne board Of directors shall be filled
ne remaining directors from among
stockholders.
ne officers Of this corporation shah
PRESIDENT, a Vice President, and a
Saap and Treasurer. Said Board of
uors snail have the right and power
ppeint and dismiss sucn agents
IN ana other employees as conditions
~ 49, Judgment may justify, or the bust
me corporation may require and
Naafe or office and employment of
~ ra agents, clerks and other employees
Sa ~ s during the pleasure of the board
~ lMLE VI.-The first board of direc-
~ I'm IN Their Post Office addresses and
4, WALL ,sn serve until the first Tuesday in
nj. 81 snail consist of: Charles w.
isS Valmont Street. New Orleans.
L,,Ss; T. Gustafson, Falls Building.
ss,s,. Tenn; Frank G. Brown. 1898
/ n. stfeet, New Orleans. La; Charles
-. inner, 40 Dryades Street. New Or
49, ~ Alpheus c. Beane. 1888 Valence
Ara. ssw Orleans, La, with the said
n Wells as President, the said
n rsas,afson as Vice President and the
hsn, sank G. Brown as Secretary and
vII.-This act OF incorpora-
aeSs9 oe changed, modified. altered or
M this corporation may be dis
k3.,, and with the consent of the
s.SS VI tN0-thirds in amount 90 tbo ont