The herald., 1920-05-20
CHARTER.
rK OF WELLS a "'>rN'eoN'

"a dag Old and twenty. il"-ul, ~
npeieen n'unbaI walker Cooper, N ,isiii
arr me- ~, 10 commissioner au" ST.
Pvbic GuH the Parish al Urn " ,,S -.
. aud ,.isua. aforesaid .mt ~ named
LOulslan" witnesses h"rrIhaiI'r ia ~
s Of the Ind personally came aud az
"a updersle.,r,I pprSOuS whose haii'H
red the e-nhsrribed who S''N"rail! az
y hereunto Ealing themselves 81 Tue
Jared ina ststp of Louisiana. rti" IL "
sEs Of ine and especially a'I %
COrporssS have covenant ' ,,,,, and
pt w 1orm and con>'',u.I ,.nn.Iitut. Them
"a hereby UNI UNI a. all such other persons
lives. rs aftrr join or become assn
= may ne.ha,p into q corporation anu
S,ted whh I'm law. for "a" objects aun
bOdy P and under t"'
p~iug. tO-wit' md .tyIc of this
|mT,cLE l.. TIL" n",H' W." ;,ustars"n.
ARTlSh shall be- wills ~ ''us."i ,'''n
coPoral1,0hh v said corporal" nam" u .," ~
lBcr nd enjoy surr'''''. r.r dissoIyrd
Yinety -nlhe - nroyidei 10y law ana ny VA"
"a the manu- charter. and under >n'u
,hieles oi me il shall have power IN"
sorpOrate % coutrart III" ANA ht Su'u
,aiheriV "A usa a Corpnral" >'i'i' an" W.
70 MAKE hoax or alter az pi'h>uIr 7"
sne WV..iv, purChas'. '""N'H; "..,,,,,,
bold .rnothecate proper, ,o,.. and
"A miNed' -, to elect and appoint
Sther oohs offirrr~. directors. agent 7,
orb mana e,,,Ioy.-S ~ the interest anu
snd on Of the corporation may
rehVe asmand, and max" ihu 'o'H"' :"
aaire ~ taws rules and r'Suli'l"h> w.
sch p.o,ate management dhn I'm -
DE- s.ines sand affairs aS ""s I'll a..
is Duslny and cNpedirnt, 10 sell a.
ID pecestsr mortgage. pledge, or "'hrr-
ign, ua"a ~ bonds or Ofher SECURITIES
sise oisp 81 ropital stock OF any "lhtI
sm,top or corporations Nh''htr l'i
csrpOIa Aomestir. aud To own SI"'N III aug
dgn "a,noration or corporations anu w
Vol. .,c,y 1.-THE domicil" % Said cor
A .i.s shall be- in the 'llH OF Wv vi
Poas state of Louisiana hht " rn"S ,,,r,
sspA nffces and agencies ana '"hnu'
nblish oi any other state. territory al
BUSINESS Of the United States or III
dspehoec, ntri.s. All citations or "th"i
iore,sn n,ecess shall he served upon .h'
kgAi or in his absence. upon wv
gD.ssident and in III" absence "i p"I u
aid process shall he serve" uI''" Wv
Sscretary and Treasurer.
,prICLE III.-The objects ana Pur
%. Tor which this corporation i
"a and the nature "i 'h' tl',I,,,,J :,
Id
": ,.u,.t..r,,,. cam
10 Sor,yarding aud export business
nssy"' eli and deal in, as brokers :"
pu' III tinds of commodities ana Sc
',,,ss dealt in upon any '"llI'itr'ii
han,s board Of trade. or Sto'h "a
a.nrs and 10 buy. sell and deaI III ~
s"pission. all kinds Of listed anu un
semIi e.oaIs hands aud securities; AM
enasr as Is or may he necessary 10
sus' s.,,herance Of any of the above nance
80 ar which may he lncldehtal
ws,s thereto or in any wise cohhe'i''
herewith. H.,
ARTICLE Iv.-The capital stock OF thl
.s,stion shall be One Hundred Ihou
M ylO0 cocoon Dollars TO he dNiut
nv, nS ore thousand 10000 shares OF thr pa
T.lue q, One Hundred tSlO.ooD p0liar
.sss which shall he payable in cash "
az. hs issued at not less than par !
..ymsnt of labor % services actnhli
p-sSs,ed or of property actually receive
by the corporation.
This corporation shall become soih
,aocerp as soon as fifty tjOfo) percent
~ smouut of its capital stock has bee
s,bseribed for and fifty (J0fc) percent
sid amount so subscribed shall nay
Sesu maid in. The amount to which o.
| Iarreased is hereby fixed at One MILO
n, oN 00eOO Dollars. No transfer
s.arI shall be binding upon the corpora
tiou unless made and recorded upon
| books.
ARTICLE v.-All7 the powers OF th
| eeruorstion shall he vested In ana VI
| Management and control of Its bushes
,pd affairs shall be exercised by "A Boar
| Of Directors to be composed OF not IT,
Nl.an An
en-: and a majority present in pers'
shsl constitute a quorum for the tran
,rtjou Of all business. Any one OF sa
directors NAV attend any meeting OF sa
Beard Of Directors by written proxy a.
dressed to any other one OF the director
who by virtue Of said written proA
AaI be fully authorized to represent sa
sbsent director and vote upon an que
tons submitted to said directors meetlf
IN his name as fully and with the san
validity as II the said absent direct
were present and voting in person. Al
one Of said directors may further const
tute any other one of said directors n
gpnerally proxy upon whom notice OF
directors meetings may be served.
A majority of the Board of Directo
voting at any time in person or by W.T.
ea proxy, shall be required TO pass al
resolution or adopt any bylaws whlc
valid corporation acts. The first Boa
u Directors shall serve until the electi'
10 be held on the first Tuesday In Ma
l21, and on the same date and month
each succeeding year. except when IN
dy falls upon legal holiday. then up
the next following lay day, after flfte
days written notice mailed to each shar
holder Of his last known address, as Z
ame shall appear on the books of the "a
psration, and unless such notice be waiv
n writing by all Of the shareholders a
pesring as such upon the books. A IA
sr however, from any cause to hold I
innual meeting of stockholders. or IA
ue 70 elect directors thereat. shall n
operate the forfeiture of this charter n
impair the corporate management, but I
directors then In office, sail serve un
meir successors have been duly elect
and qualified and installed. Sny yacan
the board Of directors shall be fill
" the remaining directors from amo
Tie stockholders.
The officers Of this corporation sh
va President. Vice President, and
eretaFy and Treasurer. Said Board
pnectors shall have the right and pow
appoint and dismiss sucn agen
errks and other employees as cOnditio
Mmelf Judgment may Justify, or the Blu
~ Oh the corporation may require q
NY tenure Of office and employment
~ such agents, clerks and other employs
'san oe during the pleasure of the boa
Of directors
MfiCLE VI-The first board of dir
VIC with their Post Office addresses a
snail serve until the first Tuesday
WI shall consist of: Charles
es LOS Valmont Street, New Orlea
= u: Gustafson. Falls Buildil
anphis Tenn; Frank G. Brown, 1
street. New Orleans. La; Char
nher, $500 Dryades Street. New
s,s Ia. Alpheus e. Beane. 1888 Valei
Tss New Orleans, La, with the s.
crs W. Wells as President. the s.
~ a Gustafson as Vice President and
Treasurer. '"" "e '''ie'"''
sss iNLE vlI.-This act OF incorpo