The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-21
CHARTER.

terest and convenience VI eoiu ar,abI;sb |
NAV require; and to make ana estauIisn'
% we'll as alter and amend at pleasure,
such bylaws, rules and reguIations
the management and regulation Oh the al
airs of the corporation as may De neeeS
,ary proper or convenient
ARTICLE 1.-THE domicile of this cor
,oration shall be in the Parish OF orleans,
state of Louisiana. ana an cIla.lons
other legal process shall De served uPVn
the president or in his absence OF lhaOiit!
to act upon the vice president, or IN the
absence or inability of both OF SAID Objects
TO act upon the secretary.
ARTICLE III-The objects and purposes
for which this corporation Is organlzeu'
and the nature of the business to be con
Quoted by it, are hereby declared 10 De;
To buy and sell scrap iron, metals ana
second hand machinery OF all kinos'
ARTICLE Iv-The capital stock OF TINS
corporation is hereby hXed at the sum v,
Sl0OOOOO) Ten Thousand Dollars, dNlaeo
into and represented by 100 shares OF the
mar value of $4,000 each, all OF when
shall be common stock. The amount VI
the capital stock may be increase co. 10 t tne
sum of Thirty Thousand (S3O,OO.OO) when
duly authorized by the stockholders. Salu
stock shall be paid for either in cash or
property actually received by the corpora
ton. All the stock Of this corporaII1n
shall be fully paid and non-assessaoie
No transfer of stock shall be binding upon
the corporation, unless made upon Hs
books, and all certificates OF stock shaIl
be signed by such officers as tne Jaw it ,hs
REQUIRE No stakeholder shall nave the
right to sell or transfer his stock or any
! part thereof to anyone who is not STOCK,
holder of said corporation, unless ne shal
have first offered the same 10 tne oshe s
stockholders at the book value thereof as
fixed by the board of directors, allowing
15 days for the acceptance or REJECTION Oh
said offer, after which delay only, IL the
offer is not accepted, the stakeholder de-
string to sell his shares, may sell the
same to anyone not stockholder. rms
provision shall be printed or stamped on
the face or in the body of all certihcates
| of stock.
ARTICLE y-An of the corporate pow
ers of this corporation. shall be vested in
| and the maintenance and control OF Its al
! fairs, shall be exercised by, Doard OF
directors, composed of three stockholders,
each of whom shall own at least one snare
of stock. Said board of directors shall be
| elected annually at the general meeting
| of the stockholders called for that pur-
pose, on the 18th day of September of
each year, after due noti0 given in ac-
cordance with the laws of Louisiana. and
] each stakeholder shall be entitled to one
vote for each share of stock standing In
his name, on the books of the Company
Said votes shall be cast in person or by
proxy, and a majority of votes cast shall
elect. Sah board of directors shall have
the power to fill all vacancies, which may
| occur on the board. even though no quo
rum remain at the time such vacancies are
to be filed. Failure to elect directors on
the day above specified shall not dissolve
the corporation, but the directors then In
| office, shall remain in Office until their
successors are elected and qualified. The
board shall elect from their members a
president, vice-president, secretary ana
a treasurer. Any director absent from a
meeting may be represented by any other
directl by written proxy, who may cast
the vote of the absent director. The Of
fees of yice-president and secretary, or
secretary and treasurer, may be combined
int fhA ard Of IN a "
determine.
The board of directors shall have the
authority to make and establish, as well as
alter and amend, all bylaws, rules and
regulations for the proper management
, and conduct of the business and affairs of
the corporation, and shall have power TO
authorize the borrowing of money, and the
issuing of notes or other evidences of in
debtedness, and the execution of mort
cages, and generally to do all things neces-
sary or convenient for the proper carrying
on of the business of the corporation.
The board of directors, or such officer
or manager as Ii may designate, shall APP
point such managers, clerks and other en-
plOyees of said corporation, as may be
necessary for the business, and shall dis
miss the same; and the tenure of office
and employment of all of such managers
clerks and employees shall be during the
, pleasure of said board. They shall also
fix the salary Of all officers, managers
clerks, and employees.
J Until the general meeting Of the stock
J holders for the election Of directors to be
: or until their duly qualified successors are
elected and installed, the board of direc-
, tors shall be composed of: Charles Turk
whose post office address is 1135 PHILIP
whose post Office address is 1915 Dryades
J street. New Orleans, La; and Benjamin S
! Fendig, whose post Office address is 491i
Saratoga street. New Orleans La.
ARTICLE VINO stakeholder or sub
scriber for stock shall ever be held liable
, for the contracts, faults or debts of this
, corporation in any further sum than the
, unpaid balance, IL any, due the corpora
ton on the stock for which he has sub
scribed nor shall any stakeholder ever b,
held liable for such contracts, faults OF
I debts In any further sum than the unpaid
balance, II any, on the stock owned by hin
nor shall any mere informality in organi
e cation have the effect of rendering thi
E charter null or Of rendering any sub
! scriber liable beyond the unpaid amount
!. any, remaining due on his stock.
4 ARTICLE vII-An stockholders meet
ings shall be held in accordance with tn
charter may be amended or the corpora
y ton dissolved as provided by the laws o
: this State.
4 ARTICLE yIII-In the event of tn
/ liquidation or dissolution of this corpora
ton, the stockholders shall elect tbre
; meeting convened for that purpose Il
4 accordance with the laws of the State
!. Said liquidators shall have the authorit
a to wind up the business and affairs of thi
= corporation. In the event of the death o
- resignation of any of said liquidators tn
' survivors shall appoint u stakeholder a
- successor to him.
ARTICLE IX-The subscribers heret
have respectively written opposite thei
=, names. the amount of stock subscribed b
r them to this corporation, so that this Ac
l. of Incorporation may also serve as tn
! original subscription list Of the company
and they have stated their post office ad
dresses, so as to conform with Act 267 Q
{. the General Assembly of the State 9
T. Louisiana, Of 1914.
), Thus done and passed. In my ONCE @
It the City of New Orleans on the day, mont
l. and year herein first above written, in tn
: presence of James Wilkinson and Hug
d NJ. Wilkinson competent witnesses, VIII
hereunto sign their names with said ap
pearers and me, notary, after due readin
of the whole.
r. ORIGINAL SIGNED:
Chas. Turk, 1135 Philip St., New Orleans
La, Seventy-four (74) shares, $7,4O0; Ed
C. win c. Turk, 1903 Dryades St. New Orleans
La, Twenty-Five (25) shares 50 500: BeI
= tamin s. Fendig, 4917 Saratoga ST. Ne,
4. Orleans, La, one ~ share, 500.
Witnesses: Hugh NJ. Wilkinson, Jane
Wilkinson.
s. A. J. PETERS
r Notary Publ
- I. the undersigned Recorder OF Nor
a cages, in and for the Parish of Orleans
~ State Of Louisiana, do hereby certify tbs