The herald., 1921-05-12

CHARTER OF SOUTHPORT WARE
HOUSE COMPANY. INC.
United States Of America. State of Lou
isiana, Parish of Orleans, City of New Or
leans BE it known, That OH this 9TH day
| of the month af April in the year OF our
| Lord, one thousand, nine hundred and
! twenty-one; before me, Herman l.. Bar
| nett a notary public duly commissioned
and qualified in and for the Parish or Or
| leans. State of Louisiana, therein residing,
| came and appeared the several persons
| whose names are hereuntO subscribed, all
| Of the full age of majority, who severally |
| declared to me, notary. that awaiting them
| selves Of the laws of the State of Louis
lana, in such cases made and provided, ana
more particularly of Act 261 of the Gen
| eral Assembly of the State of Louisiana OF |
1914, relating to the creation, organization |
| and formation of corporations, they have
| covenanted and agreed, and by these pres |
| ents do covenant and agree and bind them |
| selves as well as all such other persons |
| as may hereafter become associated with
| them, to form a corporation for the OBJ |
| jects and purposes, and under the articles |
| and stipulations following to-wit:
| ARTICLE 1.-The name and title OF this
corporation shall be Southport Warehouse
| Company, Inc, and under its corporate
name it shall have power and authority TO
have and to enjoy corporate existence Tor
a period of ninety-nine years from date
| hereof, unless sooner dissolved by Hquida-
ton or otherwise. 1t shall have power TO
contract, to sue and to be sued to make
and use a corporate seal. and to alter ana
break same at pleasure; TO hoid, receive
lease purchase, transfer. assign, convey,
mortgage. hypothecate, pledge, or other
wise receive or dispose of property, real,
personal or mixed, corporal and 1ncor-
pereai; to issue bonds, and, If desired. to
secure same by mortgage; to buy and hold
stock in other companies. incident TO the
objects and purposes, or to the expansion
of the business interests OF the corpora
ton; to name elect and appoint such man.
ayers, agents, directors or officers as its
! business interests may require; to make
and establish, alter and amend its bylaws,
rules and regulations, for its proper gov,
| eminent, as may be deemed necessary and
! proper. and generally to do any and all
q things incident to or necessary and proper
for the extension o the business In Which
the corporation is engaged.
Z ARTICLE 1.-THE corporation shall be
a domiciled in the City of New Orleans, In
) the State of Louisiana, and all citation or
. other legal process shall be served upon
. the president. or, in the event OF his al
{ sence upon the secretary treasurer OF the
Il corporation.
. poses for which this corporation is or
G ganized and created, and the nature oil the
. business to be carried on by it, are de-
III clared to be as follows:
A To carry on the business OF pubic ware
. houseman. as defined by Act 156 or 1888,
i and acts amendatory thereof. and, for the
II purposes Of said business, to have ana
n to enjoy the powers, rights and privileges
n given and granted under the said acts /,
n and, in connection with the said business,
= to buy, sell, lease, improve, construct own,
y | and in any manner to acquire and estaD-
u u lish a warehouse or warehouses in the CITY
n | of New Orleans or vicinity, or in the state
= | of Louisiana, or in other states OF the
q United States of America, or ELSEWHERE
. to conduct and carry on any and all other
!. businesses may be found necessary or
II convenient for properly enectuatlng the
II aforesaid purposes or enhancing the value
= Of the properties, rights ana privileges OIL
tho said cOrDOratiOu.
r ARTICLE Iv.-The capital stock of this
n corporation is hereby fixed at the sum OF
5, value of one hundred (S1O0.00) dollars
3 each. Said stock shall be paid for in cash
e or its equivalent as provided by law, and
|. In such manner and at such time, and in
II such instruments as may be prescribed by
t the Board of Directors.
l. This corporation shall become a going
y concern and shall be authorized to com
a. mence business when two thousand, five
IS hundred (S2,5O0.OO) dollars of its capital
h stock shall have been subscribed for, in
accordance with iaW ana one o %oi1nqs
1t of its capital stock shall have been actu-
ally paid in, either in cash or it's equiva
,e lent, as provided by law.
re ARTICLE V.-The capital stock of this
d corporation may be increased to the sum
s. of fifty thousand ($50,0O0.OO) dollars, by d
:; two-thirds vote of all the stock, present OF
r. represented. at a special meeting called fol-
Is fnaI purpose, OF Ut IL TeSuldT meet
ing of the corporation.
a ARTICLE VI-An certificates Of stoci
M issued by the corporation shall be signed
/: by the president and by the secretary
H. The stock Of this corporation can be
20 transferred only on the books Of the cor
poration, and subject to such regulations
"a and formalities as may be by the Board Of
10 Directors from time to time prescribed.
No stakeholder shall be permitted to sci
&C or otherwise dispose of his stock without
-.
Of stockholders, through the Board of Di
n rectors at a price not exceeding the bool
as value thereof, and the stockholders shall
"a have an option and first right to purehas,
a. of by sale or by death. resignation OF
otherwise Of any Of the stockholders of the
ID corporation, ard shall have period Of
d ten days in which to accept or decline Il
20 purchase said stock. Should the Board o.
h. Directors or the stockholders decline Il
y purchase said stock, then the stockholdel
o .d or otherwise dispose Of the stock. may sci
,vv or otherwise dispose of 1t In any manner
20 and at any price that he or they may SCI
"a fit. But each share of stock is issued un
- der the condition and understanding tina
" no stakeholder shall make a sale or trans
4, fer Of his stock in violation of this Provis
=; ~ ion; and this company shall be under M
- obligation to list said stock on Its books
III or to regard the holder Of the certificate
thereof.
ID ARTICLE vII-The corporate powers o.
ne this corporation snail be vested In ana ex
Id ercised by a Board Of Directors composed
II, of three stockholders, two Of whom shall
ID constitute a quorum for the transaction Of
RS business, but the said Board Of Director,
z; may be increased to five, by a majority
l. vote Of the outstanding stock at any an
C. nuaI meeting or at any special meeting
o. of the stockholders called for that pur
al pose. and without the necessity of AM
k further amendment or alteration Of THU
he charter.
The directors Of this corporation ma!
a. vote in person or by proxy at any Of tn,
~ meetings Of the Board of Directors, ant
or the Board Of Directors may delegate IN,
OF Of its powers to any officer or officers. o.
40 any other representative Of the company
n by appropriate resolution to that effect.
n. The first Board Of Directors shall b.
CT composed Of the following:
K Henry d. Ogden, Theodore II. Shepard
~ Lucas q. Moore, with Henry d. Ogden a
president, and Theodore H. Shepard q
ns / retary-treasurer, and they shall serv