The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-24

United States of America, State of
Louisiana, Parish of Orleans, BE 1t known
that on this twelfth day of the month of
October in the year of our Lord, one
| thousand, nine hundred and twenty-one,
and of the Independence of the United
States of America, the one hundred and
forty-fifth, Before me. leslie Patton
Beard, notary public in and for the
Parish OF Orleans. state OF Louisiana:
therein residing and in the presence of
the witnesses whose names are hereunto
subscribed, personally came and appeared
the several persons whose names are here
unto subscribed, who declared that avail
ing themselves of the provisions of the
Laws of the State of Louisiana, relative
to the organization and formation of cor
porations, and more particularly of Act
No. 267 Of the General Assembly of the
State Of Louisiana for the year 1914, they
have coyenanted and agreed and they do
by these present hereby covenant, agree,
bind and obligate themselves, as well as
such other persons as may hereafter
become associated with them, to form ana
constitute corporation and body polite
in Law for the objects and purposes and
under the conditions and stipulations fol-
lowing, which they adopt as their charter
to-wit:
ARTICLE 1.-The name. style, and title
of this corporation is hereby declared to
be Norman Avengo, Inc, and under such
name and style it shall have and enjoy
succession and existence for a period or
ninety nine (99) years from date hereor,
unless sooner dissolved by liquidation or
otherwise. 1t shall have power and auth
GRITTY to contract, sue. and be sued, to
make and use a corporate seal, the same
to break and alter at pleasure; to hold,
purchase, sell, lease, mortgage, transfer,
hypothecate and pledge property, real, per-
sonal and mixed, corporal and incorpo>
real and to hold stock In any other COM
pany or companies that may assist this
Company in its objects and purposes; to
4 ~, a.. al, a..
of Indebtedness; if desired to secure same
by mortgage; to name and elect directors
and other officers, managers and employ
ees and to establish. alter and amend BY
laws, rules and regulations for its proper
government as may be deemed necessary
and proper and generally, to do anything
act or thing necessary for the carrying
on of its business.
ARTICLE 1.-THE domicile of this cor
poration shall be in the City of New Or
leans, State of Louisiana: and service Of
citation and other legal process shall be
served upon the President or, in his abs
sence, upon the Secretary Treasurer.
ARTICLE III-The objects and pur-
poses for which this corporation is or
ganized and created, and the nature Of
the business to be carried on by 1t arc
declared to be as follows: To conduct
a general brokerage and commission bus
mess in Cotton and Cotton Linters, and
to that end to purchase, lease, or other
cate or otherwise convey property, real.
personal, or mixed, necessary for the con-
duct of its business; and, generally, to
do any act or thing incident to the ger
name purposes herein expressed.
ARTICLE Iv-Tha capital stock of
this corporation is hereby fixed at
the sum of ten thousand dollars
(10.0oO.00) and shall be divided into and
represented by one hundred (100) shares
Of Common stock for the par value of
nm hnn rod til
shall be fully paid and non assessable.
Said stock shall be paid for in cash, or
by property or services actually rendered
to the corporation, or other equivalent
Of cash as provided by Law and at such
time and manner as may be prescribed
by the, Board Of Directors.
This Corporation shall become a going
concern and authorized to commence bus.
mess when fifty per centum (50) Of this
capital stock shall have been subscribed
and paid.
The Capital stock Of this corporation
may be increased to the sum of one hun
dred thousand dollars (s1Oo.000.0o) as pro-
vided by Law.
No stakeholder shall sell or otherwise
dispose of his or her stock without first
Offering 1t in writing to the body of
stockholders through the Board Of Direc-
tors, at its book value, and the stock
holders shall have fifteen days within
which to accept or reject such offer be-
fore same being placed on the public
market.
ARTICLE v-The corporate powers Of
TINS corporation shall be vested in and
exercised by a Board of not less than
tire nor more than five directors, a ma
jority Of which shall constitute a quorum
for the transaction Of business.
Any director who is unable to attend
any meeting Of the Board and is other
wise incapacitated from performing the
functions of his Office by reason Of IN
ness, or otherwise. may appoint in writ
ing another member Of the Board of Dr.
and the Board of Directors may delegate
any of his powers to any officer, or Of
ficers, or representative Of this corpora
ton by resolutions regularly adopted.