The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-04
CHARTER SYSTEM DELIVERY SER
WOE. INC.

Sanu, nine hundred and tWenty-0ne, before
me, John Wagner, notary public, duly
commissioned and sworn, in and for the
Parish of Orleans and City of New Orleans,
therein residing, and in the presence of the
witnesses hereinafter named and under
signed, personally appeared the parties
whose names are undersigned, who did de-
clare that, ayailing themselves of the pro-
visions of the laws of this State relative to
the organization of corporations, and es-
pecially the provisions of Act No. 267,
passed by the General Assembly of the
State during the year 1914, and the laws
| amended thereby, and the laws existing in
this state other than the said Act 267 of
1914, they have covenanted and agreed and
do by these presents covenant and agree
| and bind themselves, their successors, their
heirs and assigns, to form and hereby
form themselves into and constitute them
selves and their successors corporation
for the objects and purposes, to wit:
ARTICLE 1.-The name and title of this
corporation shall be SYSTEM DELIVERY
SERVICE, INC, and under said corporate
name it shall have all the power and au
| thority granted by the laws of this state
and not withheld from corporations.
/ ARTICLE 1.-THE objects and purposes
of this corporation are declared generally
to be the conducting of a delivery service
| for others throughout the Parish of Or
leans and adjacent parishes by any means
| of transportation, including the delivery Of
merchandise Of all character, as agents of
owners thereof, for commission or hire, and
all other business connected Herewith.
growing out of or necessary for the said
| objects and purposes; and in so doing, the
| said corporation shall have power to pur-
| chase real, personal or mixed property of
| all kinds. and the same to hold at their
| convenience.
ARTICLE III-The present amount Of
| capital stock Of this corporation is 800
| 10000, divided into 200 shares, of the par
| value of $4,000 each, and certificates for
either whole or fractional shares may be
issued: said stock shall be payable either
| in cash or property, in accordance with
l the laws of this state.
1 The amount to which the present capital
stock of this corporation may be increased
/ Is hereby declared to be $1OO.OOO.OO, to be
/ represented by 1000 shares of the par value
of $4,000 each, and said increase In capital
| stock is likewise to be represented by GER
tifcates for either whole or fractional
l shares.
j All of the capital stock of this corpora
ton is to be common stock, and this cor
poration shall commence business, as now
provided by law. Each share of stock shall
lentitle the holder thereof to one vote, to be
least either personally or by written proxy
and each fractional share shall entitle the
holder thereof to such fractional part OF
one vote as is represented by his fractional
| share of stock.
| ARTICLE IV-The said stock shall only
be partially or conditionally negotiable, II
being a condition precedent, and the con
dition under which the stock of this cor
pOration is subscribed, that none OF TN
stock presently subscribed or hereafter
subscribed or issued, shall be susceptible
of being negotiated, pledged, pawned o.
mortgaged; nor shall or can any right b.
IacQuired under any pledge, pawn, mort
gage or hypOthecation of such stock, ex
lcepting, first, such pledge, pawn, mortgag'
or hypothecation be submitted to the stock
holders of this corporation In meeting as
| sembled. at a meeting specially called 10
that purpose, and at which said meeting
three-fOurths of the stockholders In mum
nnf Chan fQvnrQhtV there
lupon and especially authorize such nego
| tiation, pledge, pawn or mortgage, Tn
whole to be evidenced only by duly Ger
titled copy of the minutes OF said meeting
bearing the seal of this corporation:
The said stock shall only be partially
, lcOnditionally the subject of sale and trans
! fer, and no stock presently subscribed 10
: or issued, or thereafter subscribed 1or
issued shall be or can be made the subJec
. of sale or transfer, except solely after tn
| subscribers or owners shall hrst nav
, offered for sale to the stockholders an
/ owners then holding and owning the bai
: ance of the stock Of this corporation, tn
, stock which the said stakeholder or owne
, desires to sell, which offer must be In writ
! ing and for term Of thirty days, al
dressed to this corporation and to tn
/ stockholders of record upon the stoc
, ledger or stock books and records.
1t is further conditioned as a eonditio
; | precedent to any sale, that the oner 10
sale Of such stock shall be at price nc
:
| shown by the books Of the corporation 9
e the time of its inception. IL offered With
! one year, or as shown by the books OF IN
: Incorporation at the next preceding annui
meeting II offered after an annual laeetinl
and at which price and for said 4 Em an
E or all of the existing stockholders nan :
I | entitled to purchase the whole the
1; proportional part thereof within re sal
4 term of thirty days.
s sale transfer, resale, retransfer, mprtgag
q loan, pawn, pledge or hypothecation,
!. agreed to by all Of the subscribers 70 IN
y half of their heirs, assigns and successor
a and is accepted by them as material pr
q vision and condition Of the subscription
d the stock in this corporation.
ARTICLE v-No stockholder OF this co
II poration shall ever be held liable or r
e sponsible for the faults or contracts OF Tn
It corporation in any further sum than I,
IS unpaid balance due the corporation on u
'e shares subscribed by him; nor shall ar
n mere informality In the organization OF Tn
Ir Incorporation have the effect OF rendering Tn
J. charter null or of exposing stockholu
II or subscriber to any liability beyond u
y amount unpaid upon ms stSGs. ~ this 90
poration snail be in the City OF New "
1. leans, State Of Louisiana. and all cltati'
n or other legal process shall be served
d the president Of this corporation, OF, III y =
absence, on any other officer or agent no
~ authorized by law to receive service.
= ARTICT,E VII-This corporation shi
20 | axist for a term of ninety nine years, u
= loss Iiouidated prior thereto, as present
. nroyided by Act No. 267 Of the state
~ T,ouisiana Of the year 1914
70 ARTICLE VIII-All corporation powe
70 of this CORPORATION shall be exercised soie
"A nv and through a board Of directors, 10
"A Composed of not less than three nor mo
IA than fifteen stockholders, which sald uire
- tors shall have the right to vote IN per- ;
n. or by written proxy. The onlcers oi
,e said board shall be president, Va,
\ president and secretary and usa sS
n u; pnd more than one office may be held
!. one member of the Board of Directors:
VI The OFFICERS for the ensuing year sn'
no elected Immediately following the pa
\ sage of this Act Of Incorporation; ana sn'
= hold Office until June 3Oth, w., or un
n their successors shall be duly eiected ~
~ oral,tied. the annual stockholders meeti
= ~ this cornoration shall be held on !
y; 9oth dav Of June Of each year, excepu
LII whap said day shall be dies non;
which event the said meeting shall De ne
on the next following day. or on sucn ga
~ es NAV be hereafter determined as an :
IN iourned date of said meeting, SO cali'
" All elections are to be by Daiiot, anu
majority of votes cast to elect, ana ga
Is share OF stock to entitle the owner tners
:. TO one vote, whether In Perso. VI w.,
20 proxy. and each fractional saarx t,ev.I :.
~ the owner thereto to sncn ie as. - =
~ as his said fractional snare oeAfs ~
ve vs hnrs aca5s Kan checks shaIl b sign
r. - AtH1ses5fccrs e ~ elIRqE1fi9n nv