The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-04
CHARTER.

as well as alter and amend at PIeasufe,
such bylaws, rules and regulations ~
the management and regulation 1l 'ne -, -
airs of the corporation as may NC h'|''
sary. proper or convenient
ARTICLE 1.-THE domicile OF this cor
,oration shall be in the Parish OF orleans,
state of Louisiana. and an cltatlonS "a
other legal process Shaii De scr W ,,ii;yy |
the president or in his absence or lhaOlllL!
to act uron the vice president, or IN the
absence or inability of both of said Officers
10 act, -u{On the secretary.
ARTICLE III-The objects and purposes
for which this corporation Is OrSahIHes'
and tbe nature of the business to be con
ducted by it. are hereby declared 10 De
TO buy and sell scrap iron, metals ana
second hand machinery of all kinds
ARTICLE IV-The capital stock OF TINS
CORPORATION is hereby nNed az the sum Vi
fSIa O0O OOl Ten Thousand Dollars, DIVIDED
INTO and represented by 100 shares OF the
mar value of $4,000 each, all OF when
Shall be common stock. Inc amount "a
the capital stock may be Increased 10 lhe
sum of Thirty Thousand (SSOOVO.OV) VIII
duIv authorized by the stockholders. Salu
stock shall be paid for either IN cash or
property actually received by the CoIPp.ia
zion. All the stock of this corporation
shall be fully paid and non-assessaole'
M transfer of stock shall be binding upon
tbe corporation, unless made upon l,S
hooks and all certificates OF stOVh shaii
be signed by such officers as the law may
right to sell or transfer his STOCK OF an!
mart thereof to anyone who Is not stock-
holder of said corporation, unless ne snaII
have firsr>offered the same 10 the OtheI
stockholders at the BOOK NaIue 'ner I; 90
fixed by the board of directors, allpwlhg
II DAVIS for the acceptance or REJECTION OF
said offer, after which delay only III the
offer is not accepted. the stockholder De
string to sell his shares, may sell the
same to anyone not stakeholder. This
proyisiun shall be printed or stamped on
the face or in the body of all certlncates
of stock.
ARTICLE y-All of the corporate pow
ers of this corporation, shall De Nesteu III
and the maintenance and control OF its al
fairs shall be exercised by, board OF
directors composed of three stockholders
each of whom shall own at least one share
of stock. Said board OF directors shali DE
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 NOTICE given IN &C,
cOrdance with the laws OF Louisiana anu
] each stakeholder shall be entitled to one
| vote for each share o. stock standing in
! his name. on the books of the Company.
Said votes shall be cast in person or Dy
proxy, and u majority of votes east Shall
| elect said 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 filled. Failure to elect directors on
/
! 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 q
president. a yice-president, secretary and
| a treasurer. Any director absent from 4
mexting may BE- represented by any other
director by written proxy, who may cast
the vote of the absent director. The Of
fees of vice-president and secretary, oil
secretary and treasurer. may be combined
into one, as the board of directors may
! determine.
The board of directors shall have the
authority to make and establish, as well a:
| 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 e
authorize the borrowing of money, and tbs
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 il may designate, shall ap
point such managers, clerks and other EN-
ployeeS of said corporation. as may b.
necessary for the business. and shall dis
miss the same; and the tenure of Offic,
and employment of all of such managers
clerks and employees shall be during tn,
pleasure of said board. They shall alst
fix the salary of all officers, managers
clerks, and employees.
Until the general meeting of the stock
holders for the election of directors to b,
held on the 18th day of September. 1921
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 113J Philil
street. New Orleans, La; Edwin Turk
whose post Office address is 1916 Dryade'
street, New Orleans, La; and Benjamin :
Fendig, whose post office address is 491
Saratoga street. New Orleans La.
scriber for stock shall ever be held liabl
for the contracts, faults or debts of thi
corporation in any further sum than tn
unpaid balance. if 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 o
debts in any further sum than the unpai,
balance, If any, on the stock owned by hin
nor shall any mere informality in organi
2 cation have the effect of rendering thi
: charter null or of rendering any sub
scriber liable beyond the unpaid amount !
:. any, remaining due on his. stock.
ARTICLE vII-All stockholders meet
ings shall be held in accordance with tn
, laws of the State of Louisiana, and thi
charter may be amended or the corpora
!, ton dissolved as provided by the laws @
7 this State.
ARTICLE yIII-In the event of tn
I liquidation or dissolution of this corpora
ton, the stockholders shall elect thre
meeting convened for that purpose i
/, | accordance with the laws of the Stat
= Said iquidatOrs shall have the authorit
|. | to wind up the business and affairs of thi
u | corporation. In the event of the death &
u resignation of any of said hquidators. til
survivors shall appoint a stakeholder q
- successor to him.
ARTICLE IX-The subscribers heret
have respectively written opposite the
. names. the amount of stock subscribed b
> them to this corporation. so that this A,
+ of Incorporation may also serve as IL
: original subscription list of the cOmpan
and they have stated their post office az
dresses. so as to conform with Act 267
!. the General Assembly of the State
: Louisiana, of 1914.
;. Thus done and passed, In my orice
t the City of New Orleans on the day, mont
: and year herein first above written. in I'll
: presence of James Wilkinson and Hug
d NJ. Wilkinson competent witnesses, WI
hereunto sign their names with said al
pearers and me, notary, after due readin
of the whole.
I. ORIGINAL SIGNED:
Chas. Turk, 1135 Philip ST., New Orlean
La, Seventy-four (74) shares, S7.4OO: f,
:. win c. Turk, 1903 Dryades st. New Orlean
La, Twenty-Five (25) shares. $500; Be
: jamin S. Fendig, 4917 Saratoga ST. Ne
|. Orleans, La. one ~ share, S1O0
Witnesses: Hugh NJ. Wilkinson, Jam,
y A. J. PETERS
Z Notaey Publ