The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-04
CHARTER
CHARTER OF ROBERT \. KEiER AM
COMPANY, INC.

the wear one thousand hlh' hu""i'N 90
twenty one, before me. Frederic =. VLt
rens a notary public. acting Tor ana III Inv
name of John Wagner, absent on itd't,
undpr executive authority. attached 10 &t'
July 10Th, 1921, a notary huolt; ""hs
commissioned and sworn, in aud Tor lhe
Parish of Orleans and city of Ne" UT
leans therein residing, and IN the prs
encr of the witnesses hereinafter hHhivd
and Undersigned personally appeared 'he
parties whose names are underSiEht'' VINO
did declare that. availing themselves OF the
provisions of the laws of his state r'la
tive to the organization Of corp"ratlonS'
and especially the provisions "f Act No
267 passed by the General Assembly 90
this state during the year 1911, and the
laws amended thereby and the laws exist
ing in this state other than the said Act
267 of 1914, they have coNenaIt,t ANA
agreed and do by these preScnSS covenant
and agree and bind themselves, jhrir sue
cessors, their heirs and assigns. TO form
and hereby form themselves into and con
stitute themselves and their successors
corporation for the objects and purposes
following, to-wit:
ARTICLE 1.-The name and title of this
corporation shall be Robert a. keyer
and Company. Inc. and under said cor
porate name il shall have all the power
and authority granted by the laws of this
state and not with held from corpora
lions
ARTICLE 1.-THE objects and purposes
of this corporation are declared to be the
conducting of "A general cotton business,
including the general cotton brOkPra ge
business for buyers and sellers of spot
cotton and all necessary business connect
ed Herewith. growing out of and necessary
TO said objects and purposes; and in so
doing, the said corporation shall have the
power to purchase 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 49,
$4,000 dividede itno go shares of the par
value OF SlO0.D each. and certificates for
either whole fractional shares bay be
issued; said stock shall be payable either
in cash or property in accordance with the
laws OF this state;
The amount to which the present capital
stock of this corporation may be increased
Is hereby declared TO be S2JOOOOO TO be
represented by 300 shares of the par
value of $4,000 each. and said increase
in capital stock is likewise to be repre-
scented by certificates for either whole or
fractional shares.
All of the capital stock of this corpora
tion is to he common stock and this cor
pOration shall commence business as now
provided by law.
Each share of stock shall entitled the
holder thereof to one vote to be east either
personally or by written proxy. and each
fractional share shall entite the holder
thereof to such fractional part of one vote
of stock
ARTICLE Iv-The said stock shall only
be partially or conditiOnally negotiable il
being condition precedent, and the con
dition under whic hthe stock OF this cor.
poratiOn is subscribed that none of the
stock presented subscribed or hereafter
subscribed or issued shall be susceptible
Of being negotiated, pledged, pawned or
mortgaged nor shall or can any right be
acqulreu under any pledge, pawn, mort
gage or hypOthecation of such stock ex-
cepting hrst, such pledge, pawn. mortgage
or hypOthecatiOn be submitted to tine
stockholders OF this corporation in meet
ing assembled, at meeting specially called
Tor that purpose, and at which said meet
ing, three-fourths of the subscribers in
number and amount shall vote fayorabIy
thereupon, and specially authorize such
negotiation, pledge, pawn or mortgage
the whole to be evidenced only by a duly
certified copy of the minutes of said meet.
Ing. bearing the sal of this corporation.
Tn said stock shall only be partially
or conditionally the subject of sale and
transfer, and no stock presently subscribed
Tor or issued or thereafter subscribed fol-
or issued, shall be or can be made the sub.
yect of sale or transfer, except solely after
the subscribers or owners snail hrst have
onered Tor sale to the stockholders and
owners then holding and owning the hal
anee of the stock of this corporation tn,
stock which the said stakeholder or owne,
desires to sell. which offer must be in writ
II.
dressed to this corporation and to III,
stockholders Of record upon the stool
ledger or stock books and records
II is further conditioned as a condition
PIeceaeht 10 any sale that the OTTER for sal,
Oh sueh stock shall be at a price not ex
ceelkpg the book value of such stock A,
py the books of the corporation a
as inception If offered With,
or as shown by the books o
operation at the next preceding AN
meeting III Offered
eeehs, ana at which price and for sal,
!erm any or all of the existing STOCK
nViuers snail be entitled to purchase tn
whole or their proportional part tberao
within the said term of thirty DAYS
This provision and condition as IN s.Io
transfer, resale, retransfer MORTGAGE Ioan
paMh' pledge or hypOthecation is svraa,
70 by all or hte subscribers to this eorDo
rat.oh on their own behalf and on behal
Ithelr heirs, assigns and successors on,
Is accepted by them as a material me-;
sion ana condition of the Subscription a
the stock in this corporation.
ARTICLE V-No stakeholder of this cor
Pora.on snail ever be held liable or no
sponslpie Tor the faults or contracts a
this corporation In any further SIM IN ~
tne unpaid balance due the corporation n,
the shares subscribed by him, nor sbsi
any mere technicality in the organization
OF TINS corporation have the effect of ron
uefing this charter null or of exposinv
stockhoider or subscriber TO any IiabiIit
beyond the amount unpiad upon his stocl
ARTICLE VI-The domicile of this cor
poration shall be in the Cit yof Ne,
orleans, State of Louisiana and ALI cita
lions or other legal process shall be serve
on the president of this corporation. or II
MS absence on any other officer or apan
now authorized by law to receive service
ARTICLE yII-This corporation sha,
exist for term Of nineyt- nine years. nm
less nquidated prior thereto as presentI,
provided by Act No. 267 of the State n
LOUISIANA of the year 1914.
ARTICLE VIII-AIl corporate mowers n
this corporation shall be exercised solel,
by and through a board Of directors TO n
composed of not less than three nor NOR
than fifteen stockholders which said az
rectfrs shall have the right TO vote IN nor
son or by written proxy. The officers O
the SAID board shall be president. a vice
president and secretary and a treasurer
ana more than one office may be held b,
one member OF the board Of directors.
The officers for the ensuing year shall
De elected immediately following m,
passage OF this Act of Incorporation. and
snail mold office until June 3Oth. 1920. q,
untli their successors shall be duI,
elected and qualified the annual stoct
holders meetings of this corporation shall
De held on the 3Oth day of June of each
year excepting when said day shall he 4
dies non. in which event the said meeting
snail De held on the next following day'
OF on such date as may be hereafter de-
fermlned an adjourned date Of said
meeting so c0lIed All oI1cf;ous - /. -