The herald., 1921-08-25
CHARTER
CHARTER SYSTEM DELIVERY SER
VICE INC

teenth day of July, in the year one thou.
SAND, nine hundred and twenty one, before
| me, John wagner, a notary public, duly
commissioned and sworn, in and for the
Parish OF Orleans and City of New Orleans
therein residing, and in the presence of the
witnesses hereinafter named and under
signed, personally appeared the parties
whose names are undersigned, who did de-
clare that, availing themselves of the pro-
visions of the laws of this State relative to
the organization of corporations and eS-
! pecially the provisions of Act No. 26T
f, passed by the General Assembly OF the
State during the year 1914, and the laws
| amended thereby, and the laws existing in
/ this state other than the said Act 267 OF
! 1914, they have coyenanted and agreed and
I do by these presents covenant and agree
and bind themselves, their successors, their
helrs and assigns, to form and hereby
/ form them selves into and constitute them
/ selves and their successors a CORPORATION
Tor the objects and purposes, to wit:
/ ARTICLE The name and title of this
/ corporation shall be SYSTEM DELIVERY
/ SERVICE, INC, and under said corporate
name it shall have all the power and an.
! thority granted by the laws of this state
/ ana not withheld from corporations.
/ ARTICLE 1.-THE objects and purposes
/ OF inns corporation are declared generally
/ to be the conducting OF delivery service
/ for others throughout the Parish of Or
/ leans and adjacent parishes by any means
/ Of transportation, including the delivery OF
! merchandise Of all character. as agents OF
I owners thereof for commission or hire, and
! all other business connected Herewith
/ growing out of or necessary for the said
/ objects and purposes; and in so doing, the
said corporation shall have power to pur-
/ chase 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 $40
10000, divided into 200 shares Of the par
/ value Of $4,000 each. and certificates for
either whole or fractional shares may be
! issued: said stock shall be payable either
/ III 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 500 co. to be
represented by 1000 shares of the par value
/ of 500 % each. and said increase in capital
/ stock is likewise to be represented by Ger
| tihcatcs for either whole or fractional
shares.
All Of the capital stock of this corpora
ton is to be common stock. and this cor
pOratiOn shall commence business, as now
provided by law. Each share of stock shall
entitle the holder thereof TO one vote, TO be
cast either personally or by written proxy
and each fractional share shall cntitlo the
holder thereof to such fractional part of
one vote as is represented by his fractional
share of stock.
ARTICLE IV-The said stock shall only
be partially or conditionally negotiable, it
D q
dition under which the stock of this cor
pOratiOn is subscribed, that none of the
stock presently subscribed or hereafter
subscribed or issued, shall be susceptible
of being negotiated, pledged, pawned or
mOrtgaged; nor shall or can any right he
acquired under any pledge. pawn, mort.
gage or hypothecation of such sto6 eN-
cepting, first such pledge, pawn, me 0gags
or hypOthecatlOn be submitted TO the sOck'
holders of this corporation in meeting as
Semblcd, at meeting specially called for
that purpose, and at which said meeting
threefourths of the stockholders in num-
Der and amount shall vote favorably there
upon. and especially authorize such negO-
tiation, pledge, pawn or mortgage, the
whole to be evidenced only by a duly Ger
titled copy of the minutes of said meeting,
bearing the seal of this corporation.
The said stock shall only be partially or
cOnditiOnally the subject of sale and trans
fer, and no stock presently subscribed for
or issued, or thereafter subscribed for or
issued, shall be or can be made the subject
of sale or transfer, except solely after the
subscribers or owners shall first have
offered for sale to the stockholders and
owners then holding and owning the bal
anCe Of the stock Of this corporation, the
stock which the said stakeholder or owner
desires to sell, which offer must be in writ
ing and for term of thirty days, ad-
dressed to this corporation and to the
stockholders Of record upon the stock
ledger or stock books and records.
1t is further conditioned as a condition
precedent to any sale, that the offer for
sale of such stock shall be at price not
exceeding the book value Of such stock as
shown by the books Of the corporation at
the time Of its inception, IL offered within
one year, or as shown by the books of the
corporation at the next preceding annual
meeting, II offered after an annual meeting,
and at which price and for said term any
or all Of the existing stockholders shall be
entitled to purchase the whole or their
proportional part thereof within the said
term Of thirty days.
These provisions and condition as to
sale, transfer, resale, retransfer, mortgage,
loan, pawn, pledge or hypothecation, is
agreed to by all Of the subscribers to this
corporation on their own behalf and on be-
half Of their heirs, assigns and successors,
and Is accepted by them as a material pro-
vision and condition Of the subscription Of
the stock in this corporation.
ARTICLE V-No stakeholder of this cor
poration shall ever be held liable or re-
sponsible for the faults or contracts Of this
corporation in any further sum than the
unpaid balance due the corporation on the
shares subscribed by him; nor shall any
mere informality in the organization of this
corporation have the effect of rendering this
charter null or Of exposing stakeholder
or subscriber to any liability beyond the
amount unpaid upon his stock.
ARTICLE VI-The domicile of this cor
poration shall be in the City OF New Or
leans, State Of Louisiana, and all citation
or OIntT Itpdi pEOCCSs ohdAi ut sclNc Oh
the president of this corporation, or, in his
absence, on any other officer or agent now
authorized by law to receive service.
ARTICLE vII-This corporation shall
exist for a term of ninety nine years, I'M
less liQuidated prior thereto, as presently
provided by Act No. 267 Of the State OF
Louisiana of the year 1914.
ARTICLE VIII-All corporation powers
of this corporation shall be exercised solely
by and through a board of directors, to be
composed Of not less than three, nor more
than fifteen stockholders, which said direc-
tors shall have the right to vote in person
or hy written proxy. The officers Of the
said board shall be a president, vice.
president and secretary and treasurer,
and more than one office may be held by
one member Of the Board of Directors.
The officers for the ensuing year shall
be elected Immediately following the pas
sage Of this Act Of Incorporation. and shall
hold office until June 30th, 1922, or until
their successors shall be duly elected and
qualified, the annual stockholders meeting
of this corporation shall be held on the |
Both day of June Of each year, excepting |
when said day shall be dies non, IN
which event the said meeting shall be held |
on the next following day, or on such date |
as may be hereafter determined as an ad- |
iourned date of said meeting. so called. |
All elections are to be by ballots and |
of votes cast to elect, and each |
share of stock to entitle the owner thereof |
to one vote, whether in person or by |
proxy, and each fractional share to entitle |
the owner thereto to such fractional vote |
as his said fractional share bears to one |