The herald., 1921-04-21
CHARTER.

have and to enjoy corporate existence Tor
n period of ninety-nine years IRON u5l'
hereof unless sooner dissolved by lqulda-
tion or otherwise 1t shall have power I"
contract to sue and to be sued 10 Mia
and use Il corporate seal, ana 10 amer anu
break same at pleasure; 10 hoIu' I e,ri,r
lease purchaSp. transfer, assign, convey
mortparp hypOthecate, pledge, or Othtl
wise receive or dispose of property, rear
personal or mixed. cOrpOr"ai anu ln'oI
nore1l. to issue bonds and, II desired 10
secure same by mortgage; to buy ana holu
stock in other companies. incident 10 thc
obi eCts and purposes, or 10 the 'NPonHio"
nf the business interests OF IN" 'orP"I"-
tion. TO name, elect and appoint Su'h man
Gers AGENTS directors or officers rs Its
business interests may require, 10 MAKE
and establish. alter and amend It's DE
rules and regulations, Tor us proper EoN
ernmPnt as may be deemed necessary ana
rrouer and generally to do any ana al
things incident to or necessary ana proper
for .he extension % the business IN "hf II
the corporation Is engaged
ARTICLE 1.-THE corporation shall be
domiciIpd in the City of New orleans. III
| thp State of Louisiana. and all citation or
Other legal process shall be served upon
the president. or. in the event OF h.C 81"
Sence upon the secretary treasurer "i 'h'
| corporation.
| .RTICIE I1.-The objects and pur-
| noses for which this corporation II or
| pauiZrd and created, and the nature OF me
business to be carried on by II, are De
! clared to be as follows:
| TO carry on the business OF publc ware
| houseman as defined by Act lot OF 49,.
/ and acts amendatory thereof, anu Tor th1
| uurpoSeS Of said business, to nave anu
| TO enjoy the powers, rights ana PrlNil"S' :
! given and granted under the sald ac'S :
| and in connection with the sald business
! TO buy. sell, lease, improve, conStru, l. oN H.
| and in any manner 10 acquire anu 'Stdp
fish a warehouse or warehouses in the city
| of New Orleans or vicinity. or in the State
| Of louisiana or in other states OF th'
| United States of America, or elsewhtf' /,
to conduct and carry on any ana all oIh'I
| businesses as may be found necessary or
| convenient for properly ehectuatlnS the
| aforesaid purposes or enhancing the valuy
| of the properties. rights and privileges Oh
the said corporation.
! ARTICLE IV.-The capital stock OF tins
| CORPORATION is hereby fixed at the sum oi
| five thousand ($5.OO0.OO) dollars. repre-
scented by fifty (5O) shares OF the PAL
value of one hundred (SlO0.OOl dollars
each. Said stock shall be PAID Tor III casL
or its equivalent provided by law, ana
in such manner and at such time, ana III
such instruments as may be prescribed by
the Board of Directors
| This CORPORATION shall become COINS
concern and shall be authorized to com
mence business when two thousand, nv
hundred IS, 100000 dollars of its capita
stock shall have been subscribed for, IL
two hundred and fifty (S1,2jOW) dollar
of its capital stock shall have been aCtu
ally paid in, either in cash or its equiva
lent, as provided by law.
ARTICLE V.-The capital stock of thi
CORPORATION may be increased to the sun
of tiftv thousand (Sj0.0O0.OO) dollars, by
two-t thirds vote of all the stock. present o
represented, at special meeting called 10
that purpose, or at regular annual meet
ing of the corporation.
ARTICLE VI.-An certificates of stoc
issued by the corporation shall be siSne
by the president and by the secretary
treasurer.
transferred only on the books of the cor
poration, and subject to such regulation
/ and fOrmalities as may be by the Board q
| Directors from time to time prescribed.
4 No stakeholder shall be permitted to -
Il | or otherwise dispose of his stock withOu
first Offering same in writing to the Othe
y ! stockholders, through the Board OF ID
\ rectOrs at a price not exceeding the boo
4 value thereof, and the stockholders sha
q have an option and first right to purchas
a all the shares of stock to be thus dispose
4 of by sale or by death, resignation o
q otherwise of any of the stockholders of tn
q corporation, and shall have period
q ten days in which to accept or decline |
q purchase said stock. Should the Board {
q Directors or the stockholders decline I
purchase said stock, then the stockhOldt
or stockholders who made the offer to Sc
or otherwise dispose of the stock, may Sc
= or otherwise dispose of it in any mannt
= and at any price that he or they may st
n I.
u der the condition and understanding tn;
t no stakeholder shall make sale or trans
fer of his stock in violation of this prOvi
: ion; and this company shall be under Il
!. obligation to list said stock on its bool
- or to regard the holder of the certihca
thereof.
ARTICLE VII.-The corporate powers
: this corporation shall be vested in and e
L. ercised by a Board of Directors compose
Of three. stockholders, two of whom sha
constitute quorum for the transaction
business but the said Board of Director
l. may be increased to five, by a majOrit
r vote of the outstanding stock at any al
he nual meeting, or at any special meetiI
le of the stockholders called for that pu
y pose, and without the necessity of az
H. further amendment or alteration of tn
he charter.
ne The directors of this corporation ms
er vote in person or by proxy at any of Il
ne meetings of the Board of Directors, M
m the Board of Directors may delegate al
ne of its powers TO any officer or officers,
rs any other representative of the COmpan
IN by appropriate resolution 20 that effect.
p The first Board of Directors shall
ne composed of the following:
~ Henry ID. Ogden, Theodore II. Shepar
rs Lucas Il. Moore, with Henry ID. Ogden
I'd president, and Theodore II. Shepard
)n secretary-treasurer. and they shall ser
ct until the second Tuesday in June. 10:
er or until their successors are duly elect
in and qualified.
of The directors shall be elected annual
IL NJ meeting held on the second TueSd
ia. in June of each year thereafter, notice
n such meeting being given in accOrdan
al, with law, and the Board of Directors m
n change the date of said annual meeting
er written notice to that effect sent at lea
tie fifteen days before date to which me,
e ing has been changed, directed to each
er the stockholders at his last known pla
lie. of residence. Each stakeholder shall.
d. | such annual meeting or other meetiI
general or special, be entitled, in pers
" or by proxy, to one vote for every sha
af- of stock owned. The elections shall
'e- held under such rules and regulations
$ may be from time to time determined
ZIP the Board of Directors. The directo
Ter when elected, shall hold office for one We
he or until their successors have been elect
RS and qualified, and failure to hold the 9
nd nual meeting of stockholders to elect
IN nua1ly the directors shall not operate
nd forfeiture of this charter or any of
me rights Hereunder. Any vacancy occl
m ring in the Board of Directors may
be filled by the directors for the unexpir
lat term.
er, ARTICLE VIII.-This charter or act
Us, Incorporation may be changed. modifi
re- altered or amended, by and with the C,
len sent of two-thirds of all stock present
wn any meeting, general or special held
I'D that purpose, and such amendment may
M material or immaterial, subject only
tea the limitations as may be by law p
vided; and this corporation shall h;
ers power to increase its capital stock. as he
e S inbefore set out, and to decrease its ca