The herald., 1920-07-15
CHARTER OF THE UNIVERSAL FOLD
ING CRATE. INC.

1
| iSiana. Parish of Orleans. city of New or
| leans BE IL known. that on this twenty
| third day Of the month of June. III the
| wear of our Lord one thousand. min" hun
| drpd and twenty. before me. Henry George
| Mccall, a Notary Public, duly commits
/ stoned and qualified in and for the Parish
| and State aforesaid. therein residing. and
| in the presence of the witnesses herein
after named and undersigned. personally
| came and APPEARED the persons who's"
names are hereto subscribed. who sever
ally declared that. aVailing themselves OF
the provisions of the laws of. this Stat"
! relative tn the organization of corpora
| lions, they have contracted, cOScnanted
aud agreed TO bind. form and constitute
| themselves. and do hereby bind. form and
constitute themselves. as well as all such
other persons as may hereafter JON or
| become associated with them, into Il cor
pOratiOn and body polite in law, for the
| objects and purposes and under the ar
ticles. agreements and stipulatiOnS follow
ing. tO-wit:
ARTICLE 1.-The name and STYLE of
| this corporation shall he the Universal
| Folding Crate, Incorporated, and under
| that name it shall have and enjoy all the
| rights. advantages and privileges granted
| by law to corporations, and shall exist for
the period of ninety-nine years from this
day. 1t shall have power TO contract. sue
| and be sued: to make and use a corporate
seal and the same to break and alter at
pleasure; to hold. receive, lease. reclaim,
purchase and convey. as well as mort
gage, hypothecate and pledge property.
both real ana personal. TO issue bonds.
notes and other Obligations or negotiable
instruments: to name and appoint such
managers directors, Officers, agents and
other employees as the interest and con
| venience of said corporation NAV require
or demand; to ma he and establish such
bylaws. rules and regulations for the
management and control of its business
and affairs as NAV be deemed necessary or
eNpedient and the same TO change and
| alter at pleasure; and to do all acts and
things necessary and proper to carry out
the objects and purposes of said corpora
tiOn.
ARTICLE 1.-THE domicile of said cor
pOratiOn is hereby fixed in the City OF
New Orleans. in this State. All citations
and other legal process shall be served on
the President, and, in his absence, on the
Vice President. and, In the absence of
both, on the Secretary of the corporation
| ARTICLE III.-The objects and pur-
poses for which this corporation is organ
lied and the nature of the business to be
| carried on by ii are hereby declared to
be: To acquire all the rights, titles and
interest Of John J. Dahlstrom in and to
| Letters Patent Number 1.l20693 dated
! December IL, 1914. and the application for
| an improvement thereto. per Serial
| Number 357,Ol5. for folding and COLLAPSE
| bic crates; TO acquire all the rights, titles
and interests of the Patent Marketing
| Company, company organized under the
laws of Louisiana; in and to the follow
| ing contracts: The contract with the
| Hammond Box and Veneer Company. Ltd.
the contract with the Terry Manufactur-
| ing Company, Of Terry, Mississippi; the
| contract with the Owosso Manufacturing
| Company, of Benton. Arkansas: the con
| tract with the Enterprise Box Company.
! of JudSOnia, Arkansas. and the contract
with Il. G. FARRELL x Company, of Hum
| bOldt. Tennessee. and all other contracts
| that may have been made by the said Pat
ent Marketing Company, including all roy
alties that may become due on all of said
| contracts; to manufacture and sell and to
| have manufactured and sold, all forms ana
| styles of crates and boxes, folding, col
| l&pSible or otherwise, and to erect or
| lease plants and factories for that purpose
| to construct and operate or lease railroads
and water lines in connection with said
plants and factories, and generally to do
any and all things necessary to carry out
| the objects and purposes for which this
| corporation is organized. In consideration
of said John j. Dahlstrom transferring
and assigning TO this corporation the pat
ent and patent rights hereinabove men
| toned, and in securing the transfer and
| assignment of the contracts also herein
| above mentioned. in which contracts the
| said John j. DahlstrOm has the controlling
| interest. the said John j. DahlStrom is
| to receive the sum of one hundred and
fifty thousand. one hundred dollars, rep
| shares of the stock of this corporation of
| the par value of one hundred dollars
| each; said sum of one hundred and fifty
thousand, one hundred dollars being the
amount at which said patent, patent rights.
| contracts and royalties hereinabOve re
ferred to are hereby appraised and val
ued by the stockholders and Board of hi
| rectOrs of this corporation. And in con
sideration of services rendered and T.
| rendered by Pierre V. Blanchard and
| Julian +. Benjamin in promoting and Or
| ganiZing this corporation and in secur-
ing subscribers to the capital stock there
to. the said Julian +. Benjamin shall re-
ceive two hundred and twenty shares anC
the said Pierre V. blanchard fifty shares
| of the capital stock of this corporation.
| full paid and worcestershire.
ARTICLE IV.-The capital stock of said
corporation Is hereby fixed at the sum of
three hundred thousand ($30O, 100000 dol
lars, divided into three thousand shares o
the par value of one hundred dollars each,
which stock shall be paid for in cash OF
property, at such times and in such
amounts as may be determined upon l.
the Board of Directors. The corporation
| shall issue to the said DahlstrOm fifteen
| hundred and one shares of stock, to the
said Julian +. Benjamin two hundred and
| twenty shares of stock, and to the
| Pierre V. blanchard fifty shares of stock.
all full paid and non assessable: and III
said Dahlstrom, Benjamin and Blanc
do hereby subscribe for said shares of
stock, the same to be paid for by being ac-
cepted in full payment of the patent, pat
services rendered and to be rendered as
hereinabOye set forth. Other subscriptions
to said capital stock shall be paid in
cash. at such times and in such amounts
| as may be determined by the Board of
Directors. No transfer of stock shall be
binding upon said corporation unless made
upon the DOCKS OF the corporation, and all
| certificates of stock shall be signed by
such officers as may be designated by the
Board of Directors. The said corporation
shall at once become and be a going con-
Germ and shall Immediately commence bus
mess. The said capital stock may be in
creased from time to time to any amount
not exceeding five hundred thousand dol
lars. such increase to be made as pro-
vided by law
ARTICLE V.-An the corporate powers
of said corporation shall be vested in. and
the management and control of its affairs
| shall be exercised by a Board of Directors.
composed of not less than five nor more
than seven stockholders. Each Director
| shall own at least one share of stock and
| shall be elected annually, by the stock
holders, by ballot, on the first Monday
July. the first election to be held in 1921
Notice shall be given by mail addressed
to each stakeholder, at his last known
place of residence as shown on the books
of the corporation, said notice to be mailed
not more than three weeks nor less than
two weeks before such election, and all
| elections shall be held under such rules
and regulations as may be fixed by tn,
| Board of Directors. In case of any failure
TO hold an election as above provided. such
| failure shall not forfeit this charter, but
an election shall be held as soon as may
be practicable after notice as above pro-
yided Each Board of Directors. at its
| flrst meeting after each election, shall
elect from its number a President ana
| wee President; and shall also elect a
| Secretary and Treasurer, who may be
members of the board or not. as the Di-