The herald., 1921-03-24
CHARTER.
CHARTER OF J. 5. WATERMAN s COM
PANY, INC.

Orleans Be il known, Ihat on lnIs hi
dav Of the month of March, in the year, /
one thousand, nine hundred ana twenty
one before me. John X. Upton, noIary
public in and for this City and the farlsh !
of Orleans, State of Louisiana, tnerein re
siding duly commissioned ana quailneu'
and in the presence of the witnesses mere
matter named and undersigned, persohally
came and appeared the several persons
whose names are hereunto subscribed VINO
declared to me, Notary, that awaiting them-
selves of the provisions of the laws OF TINS
State relative to the organization Oh col
poratiOns, and particularly TO ACT 20 vi
1914 they have covenanted ana agreeu' anu
nv these presents do covenant ana agree
for themselves, their successors ana as
signs to form themselves into corpora
ton and body polite for the OBJECTS anu
purposes and under the stlpulattohs hele
matter set forth, tO-wr:
ARTICLE 1.-The name and title of this
corporation shall be j. ). Waterman q
Company, Inc, and under such tltle IL
shall have and enjoy succession anu rs,
| ence for a period of ninety nine years from
| the date hereof. unless sooner dlssoNeu'
| IL shall have power and authority 10 con
| tract sue and be sued to make ana use
| corporate seal, the same TO alter ana Dreah
| at pleasure; to have, hold, buy, sell, lease,
mortgage and hypOthecate or pledge prop
| erty real personal or mixed, necessary:
| proper or Incidental for the carrying on OF
| its business, as well as to issue bonds or
| notes secured by such mortgages; 10 make
| and issue notes and other certlncates Oh IN
/ debtedness; to name. elect ana appoint
managers. directors, clerks ana other en-
! ployes to properly conduct its corporate
! business: to make such bylaws, rules ana
| regulations as may be necessary or Iouhu
desirable for the management OF It's ousi-
| ness and affairs; and. generally, TO 90
! every other act matter or thing necessary
| or desirable for the complete and proper
carrying out Of said business, both in the
| State OF Louisiana. and elsewhere.
ARTICLE 1.-THE domicile of this cor
l III 1. -. hA ~ A
leans, Parish of Orleans, State of Louis
lana where all citations or other legal
process shah be served upon the Presl-
| dent, or in his absence on the Nlce-fresl-
dent and in the absence OF both on the
Secretary.
ARTICLE II.-The objects and pur-
purposes for which this corporation is or
ganized and the nature of the business 10
be carried on by it are hereby declared "a
general merchandise of every kind and
character and to do general merchandise
and brokerage business, including that OF
buying and selling on a. commission Dasis
and for itself; to do a general importing
and exporting business. both domestic and
foreign; to build. own, lease and operate
store-rooms or warehouses for the stor-
age of merchandise. or cold storage pur-
poses TO store goods of all kinds in such
| store-rooms or warehouses for itself ana
others, and to make reasonable charges
for services in storage OF goods; to issue
|
to dispose of said goods for account OF the
owners thereof upon their failure to COM
| ply with the conditions of such storage
contract; to make loans on goods stored
either in the stOre-roQms or warehouses
| of the corporation~0r others; to issue
notes and other securities in the purchase
| of goods; to represent others as agent or
| otherwise in the same line or similar lines
of business: to act as manufacturers agent
| and -eceive and sell goods on consign-
ment; to acquire and own stock in other
corporations; and, generally, to do and
perform any and all things necessary or
convenient to carry out said objects and
purposes.
ARTICLE Iv-The capital stock of this
corporation is hereby fixed at four hun
dred thousand (S4OO OOOO0) dollars, divided
into four thousand IioOO1 shares of the par
value of one hundred (S1OO.OO) dollars
each; provided that the amount to which
the capital stock of this corporation may
be increased shall be one million dollars
| (S10O0OO0.00 or ten thousand 100000
| shares.
-Four thousand $4,000 shares. or four
hundred thousand dollars (s40O 000O0) OF
the capital stock Of this corporation must
be subscribed before the filing Of the arti
, cles of Incorporation. The subscribed
capital stock of this corporation shall be
sonaD, goodwill, or for labor and serv.
ices rendered and performed.
, No stakeholder shall ever be held liable
or responsible for the faults, contracts oil
sum than the unpaid balance due the cor.
poration on the shares of stock subscribed
by him, nor shall any mere informality In
organization have the effect of rendering
| this charter null, or Of exposing any share
holder to any liability whatsoever.
J This corporation shall not engage In
, business until four thousand $4,000 shares
or four hundred thousand CS4O0OO0O0) dol
] lars of the capital stock shall have beeI
. subscribed, and four thousand 1000
. shares, or four hundred thousand t$iOO,
I OO0.O0) dollars of the capital stock shall
have been issued and paid In, in cash
I property and goodwill. II any stock o
: this corporation is exchanged, either II
whole or in part, for property or goodwill
& in that event the provisions of Section
!, Of Act 267 of 1914, shall be complied will
strictly.
. ARTICLE YAH the corporate power
of this corporation shall be vested In AM
!. exercised by a Board of Directors com
= posed of six stockholders. each of WHOM
o shall own in his own right, during hi
term Of Office, at least one full paid shar
Of stock. four az of whom shall con
business.
The officers of this corporation shall cor
N sist of a President, Viee-President an
Manager, Secretary and Treasurer, all {
i whom shall be members of the Board 9
, Directors. The Offices of Secretary an
Treasurer may be combined in one an
9. the same person.
A The following named persons shall cor
stitute the first Board Of Directors, Z
e wit:
q John s. Waterman, ST., No. 1866 Dufoss,
St., New Orleans, La, William Waterman
q No. 1907 Prytania ST., New Orleans. La
a. John s. Waterman, Jr, No. 2329 Robe
St., New Orleans, La; 0ran c. Barillea
If No. Stone ST., New York, n. Y; Albe
a Trepagnier, No. 1141 Prytania ST., Ne
Orleans La. William Z. Mele, No. 3715
1T Rampant St., New Orleans. La, all res
dents of the City of New Orleans, La. e.
cept Gran c. Barilleau as hereinabo'
r stated, and domiciled at the address
:. above stated, with John s. Waterman, 81
IL as President; William Waterman, as Vic
|, President and Manager; John s. Waite
- man, Jr., as Secretary, and Albert Tr
n pagnier. as Treasurer, and these Office
and directors shall hold Office until Il
| first Monday Of January, 1922, or unit
their successors are duly elected and Qual
fed.
Thereafter the directors shall be elect,
st annually on the first Monday Of Januai
:, | Of each year, and they shall elect their ov
VI officers; all elections Of directors shall
e. by ballot, and each stakeholder shall
entitled to one vote for each share Of sto'
n standing in his name on the books of III
a corporation. this vote to be cast in pers'
or by written proxy, and 1t shall requi
Of a majority of the stock present or repr
=, scented to elect. The directors shall ha
y the right to increase their number to mir
Failure to hold an election for dire
n tors on the nrst Monday Of January, 1oz
- OF annually thereafter. shall not work