The herald., 1920-08-05
CHARTER OF THE UNIVERSAL FOLD
ING CRATE. INC.

CHARTER OF THE UNIVERSAL FOLD
ING CRATE. INC.
United States OF America. State of Lou
isiana, Parish of Orleans, City OF New Or
| leans. lie il known. that on this twenty
third day of the month of June. in the
year of our Lord one thousand. nine hun
dred and twenty, before me. Henry George
Mccall, a Notary Public. duly commits
stoned and qualified in aud 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 whose
names are hereto subscribed. who sever
ally declared that, ayailng themselves Of
the provisions OF the laws of this State
relative to the organization Of corpora
tiOnS, they have contracted, COScnanted
and agreed TO bind, form and constitute
themselves. and do hereby bind. form and
constitute themselves. as well all such
| other persons as may hereafter Join or
become associated with them. into 4 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 be 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
ana De Sutu. 10 make ana use q 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 and 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
yenience of said corporation NAV require
! or demand; to make 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
| ton.
| ARTICLE 1.-THE dOmiciIe 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 IL are hereby declared to
be: To acquire all the rights. titles and
interest of John ]. DahlStrom in and TO
Letters Patent Number 1,120.693, dated
! December -, 1914, and the application for
an Improvement thereto, per Serial
Number 357Ol5. for folding and collapse
BILE 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-
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. c. 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 and
styles of crates and boxes, folding. col
lapSible 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
ana assigning to this corporation the pat
ent and patent rights hereinabove men
toned, andNin securing the transfer and
assignment of the contracts also herein
above mentioned. in which contracts the
said John ]. Dahlstrom has the controlling
interest. the said John ]. Dahlstrom is
to receive the sum of one hundred and
tlfty thousand, one hundred dollars, rep
resented by fifteen hundred and one
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 Iii
rectors OF this corporation. And in con
sideration of services rendered and I,
rendered by Pierre V. Blanchard and
Julian +. Benjamin in promoting and Or
Sahlzlng this corporation and in secur-
ing subscribers to the capital stock there
to: the said Julian F. Benjamin shall re-
eelVe Two hundred and twenty shares anc
the said Pierre " Blanchard fifty shares
of the capital stock of this corporation,
null paid and non assessable.
ARTICLE lV.-The capital stock of said
three hundred thousand $500 600 OOC dol
lars, divided into three thousand shares o
the par value of one hundred dollars each
wnleh STOCK shall be paid for in cash o.
properly, at such times and in such |
amounts as may be determined upon l.
the Board of Directors The corporation
snail issue to the said Dahlstrom fifteen |
hundred and one shares of stock, to the |
said Julian F. benjamin two hundred and |
twenty shares of stock, and to the sa
fherre V. blanchard fifty shares of stock, |
All Iull paid and worcestershire, and ia,
said Dahlstrom, Benjamin and Blanc
40 hereby subscribe for said shares of |
STOCK, the same to be paid for by being ac- |
cepted IN full payment of the patent, pat |
enl rights, contracts, royalties and of the |
services rendered and to be rendered as |
hereinaboye set forth. Other subscriptions
" saiu cdpltal stock shall be paid in /
casn, at such times and in such amounts |
as may be determined by the Board of |
directors. No transfer of stock shall be /
D1ndlng upon said corporation unless made |
upon the books of the corporation, and all |
certlIlcates OF stock shall be signed by /
s n oI1lcers as may be designated by the |
PodTd Oh directors. The said corporation |
shaIl at once become and be going con-
cerh ana snail Immediately commence bus
mess Inc said capital stock may be in
80 Sas S from tlme 10 time to any amount |
not exceeding five hundred thousand dol
vided by law
ARTICLE VAN the corporate powers
OF SAID corporation shall be vested in and
the management and control of its affairs
shall be exercised by Board of Directors.
composed of not less than five nor more
than seven stockholders. Each Director
snail own at least one share of stock and
snail 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
or 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 thu
Board OF Directors. In case of any failure |
10 hold an election as above provided such
failure shall not forfeit this charter, but L
an election shall be held as soon as NAV |
De pract1cable after notice as above pro-
yided. Each Board of Directors, at its
first meeting after each election, shall