The herald., 1920-11-18
CHARTER

|
| hundred and forty fifth, before me, Ray
mOnd Ii. Saal, Il notary public, duly com
HisSiOned and qualified. within and Tor the
Parish OF Orleans. State of Louisiana
| therein residing, and in the presence OF
| the witnesses hereinafter named and un
| derSigned. personally came and appeared
! the several persons whose names are here
unto subscribed. who S,Yrrally declared
| that, ayailing themselves of the benefits
and provisions of the Constitution of the
State OF Louisiana and Of the laws OF said
State relative to the organization or cor
poratiOns, and particularly OF the pro
visions of Act No. 26I Of the General As
Scmbly Of tn" State of Louisiana for the
year 1914. they have united 10 form. ana
they do by these presents form ana or
gaulZe themselves. as well as all Suth
other persons who may hereafter join or
becom" associated with them or their
successors. into stock corporation Tor
the objects and purposes and under me
covenants. StipulatiOHS and agreements fol
lowing, tO-wit:
ARTICLE 1.-The name and title Of this
corporation shall be The Cord Tex Co,
Inc" and under and by said name. unless
sooner dissolved in accordance with the
law and this charter. il shall exist and
continue, and shall have and enjoy cor
puratc existence and succession for period
of nincty-niue 900 years from and after
the date of this act. II may have. hold.
receive. borrow, lend, exchange. acquir"
by grant, gift or purchase. devise or be
quest sell. ALLEVIATE, dispose of. convey.
lease, pledge. pawn. hypOth"cate, "ncum-
Der or mortgage property of any Kind.
whether real. personal or mixed. corporal
or inCOrpOraI movable or immOyable, all
subject to such limitations rs may be- pre-
Scribed by law. 1t may make, issue and
endorse bonds or notice and other evil
dencc Of debt. 1t may accept mortgages,
pledges or other forms of security Tor
money loaned or other debts. II may con
tract. sue and be sued, plead or Toe i'm
pleaded by its CORPORATE name in any
a. al |
make, adopt and use common seal aud
alter the same at pleasure. II may hold
stock in other corporations. ana It's cap
itHl stock may be- issued for capital
appoint and employ such managers. Ill
rcitOr>. officers. agents and other ON
pluyecS as its said business and con
ypuirnrp may require. and may fix their
having due regard to the
nature, character and value OF their ScrY-
ices. Ii may make and establish bylaws.
rules and regulations not Inconsistent with
this charter or any existing law, fixing
or altering the management Of its prop
crty. the regulation and government of it,
affairs and tn" manner of the CertiiCatiOn
and registration of its stock. II may wind
NJ and dissolve itself, or be wound M and
dissolved in the manner prescribed 10y
law. II may conduct business in this
State. other States. the Federal Districts,
the Territories and possessions of tn"
nitrd States. and in any foreign country.
1t generally shall possess all the powers,
rights. privileges and immuniticS which
corporations are and may hereafter be
authorized to possess under the COnSti-
tuition and laws Of this State. and par
ticularly under Act No. pa Of the Acts
of the General Assembly Of the State of
Louisiana for the year 1914. And II shall
have the power TO invest its board of di-
rectOrs with all OF its corporate powers.
subject TO such restrictions as may bc
named in this charter.
ARTICLE 1.-THE dOmicile of this cor
poratiOn shall be the City of New Orleans.
Parish of Orleans. State of Louisiana. and
all citations or other legal process shall
be served upon its President, or In the
event of his absence, upon the Vice PrcSi-
dent or in the event of the absence of both
of said officers upon the Secretary.
ARTICLE III.-ThiS corporation shall
have the power TO conduct its business in
all of its branches in any of the States
Territories or possessions Of the United
States, as well as in foreign countries. and
may have one or more offices outside of the
State Of Louisiana.
The objects and purposes for which the
said corporation is formed and the nature
IF the business to be carried on by ii are
hereby declared to be:
% To carry on the business. both whole
sale and retail. or selling cordage and
cXtilc products and all products allied
n kindred to same: to buy, sell, manu- /
aCture and deal in all kinds and cOmbina- /
ions of cOrdage and textile products, or
my products made frCm said cordage or
exile products, and generally. to trans /
lct and carry on a general business of
buying and selling Of
ordage and textile products, as well a. ]
# products allied or kindred to same.
(2D To purchase lands or otherwise ac- /
luire lands and buildings in this State or ,
Elsewhere for the erection and establish /
ncnt of a mandatory or manufactures /
nd work shops, with suitable plant, en-
ines and machinery. with q view To buy
ny. selling. importing and exporting or
Z - 10 N oil bar IL in
ircctly, through the medium of agents
r otherwise, COrdage and textile products.
: well as all products of a kindred or
llied nature, and 10 acquire by purchase
r Otherwise. patents. patent rights and
or improvements or secret pro-
esseS for or in any manner relating to all
r any OF the objects aforesaid, and to |
rant licenses for the use of or to sell or |
therwise deal in any patents, patent rights
nd privileges, improvements or secret pro- |
tSSes acquired by il, and to SELL mortgage. !
'aSe or otherwise deal with real and per
Onal property OF the company.
CD To act as the agent or representa-
We OF corporations. firms and individuals
nd as such to develop and extend the
usineSs interests of corporations, firms
nd individuals and carry on the business
of manufacturers agent; to do
general business as n commission meT-
lant. selling agent and factor in the
anner and to the same extent as natural
nrSOnS could do; to make and enter into
Il manner and kinds of contracts. agree
entS and obligations by or with any per-
IN or persons, corporation or corpora
ons for the purchasing, acquiring, hold ,
~, manufacturing and selling or other
Use diSpOSing of, either as principal or |
gent. upon commission or otherwise. |
'rdage and textile products of all kinds
nd nature, as well as any other articles
personal property whatsoever, and gen
ally in full power to perform any and
] acts connected Herewith or arising
lerefrOm or incidental thereto and any | {
nd all acts proper or necessary for the
lrpOses of the business: to act as manu-
cturer's agent and purchasing agent of :
ny and all persons, firms. corporations or !
'sociatiOns, to operate purchasing !
Ireau for any and all persons, firms. cor
)rations or associations; to own and OPP
ate warehouses and places for the stOr-
20 of goods and merchandise Of all kinds !
nd generally to act as storage and !
eight forwarding agent; and generally to J
try on and undertake any business, I'M |
only carried on or undertaken by mer- q
lants, commission men, factors and manu- I
cturer's agents and in the course of such
lsinesS to draw, accept, endorse, acquire {
Id sell all or any negotiable or trans 9
rable instruments and credits.
a. Generally to dc all and everything q
suitable convenient or proper /
'ses or of any one of the objects herein
or incidental to the powers I
rein named or which shall at any time
pear conducive or eXpedient to the pro- I
ction or benefit Of the corporation, either U
holders of or interested in any prop o
ty or otherwise, with all the powers
w or hereafter conferred by the laws of J
e state of Louisiana upon corporations 7
ganized under the laws of this State I
ARTICLE 1V.-The authorized capital r