The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-09
CHARTER.
; "A. ID. NAPLES CO.. INC.


CHA" 60 of America State Of Lou
Unte9o .rish of Orleans, City of New Or
isisna' 10 a. known, that on this the 4th
leans. the month of January IN the yea.
DAY Lord one thousand, niue nunureo
Oh ~ twenty .one, and OF tne Inuept ,h ny
ana ma United States or Smerica the one
OF the and forty sixth; before me,
hunoreua IT Saal, a Notary Public, duly
ksymt"sioned and qualihed WITHIN ana
IN parish Of Orleans state OF Lou
i ol therein residing, ana IN the pres
isiahaa the witnesses hereinafter named
enee VI a.rsigued, personally came and APP
ana he several persons whose names
pea'eSSs, rsuuto subscribed, VINO seSeraliy
are "a that awaiting themselves OF the
eeeoafits and provisions OF the CONSTITUTION . ,
Densa state of Louisiana, ana OF the laws
OF lne es STATE relative TO the organization
OF salunrations and particularly OF the
OF ,e,nns of Act No. 2oI OF the General
prosshIy Of the State OF louisiana Tor
as wear 1914 and the amendments tnereto;
inc W. have contracted and agreed ana
they 90 form and do. by these presents.
uniteu ana agree and bind and obligate
eonua'i,as 10 form, organize and consu-
tn sn Themselves, as well as all such otner
tu .sons who may hereafter JOIN OF De
persoHaa ssociated with them or their sue
come into stock corporation and
eessois noli,ie in law, for the objects and
pOs! and under tie conditions, cove
Pu apis stipulations and agreements OF the
nr,ices following. t0-Wlt'
Article 1.-The name and title Of this
eorporation shall be; W. ~ NIPPLES ~
e erS and under and by said name. unless
ING. dissolyad in accordance with law
SCUM ,nis charter. it shall exist and con-
a si.'aa and shall have and enjoy corporate
i-,.nce and succession for period OF
eaaI....nine 1897, years from and after
hiheI 80 ~ This act 1t may have, hold,
lne borrow. loan, exchange, acquire
Ir,snt gift or purchase, devise or be-
~ i, sell ALLEVIATE dispose OF, convey,
Use pledge, pawn, hypothecate, encnn-
hsr or mortgage property ol any hlnu'
Lo,hA real personal, or mixed, cor
naai ar incorporeal. movable or immov-
Pr al snbiect to such limitations as may
~ rrescribed by law. Ii may make, issue
"a endorse bonds or notes ana other
evidences of debt. 1t may accept mort
srss hedges or other forms OF security
ssmopey loaned or other debts. lt may
i,rsct she and be sued, plead or be
tmnleaded by it's corporate name IN any
nonrt Of competent jurisdiction. IL may
make adopt and use corporate seai anu
lssr ar break the same at pleasure. IL
80 hold stock In other corporations, ana
~ .snitaI stock may be issued for capital
s,aek Of other corporations Ii may name,
snnoint and employ such managers, d.
rectors officers. agents ana other en-
rioxex as its interests, business and con-
rsnisnee may require, and may Xix their
,emnsnsatiop having due regard to the
as,nre character and value of their serv-
ICES II may make and establish bylaws
niles and regulations not inconsistent Win
,his charter or any existing law, fixing or
slterinp the management OF its property
~ regulation and government OF its al
ssi,s and the manner Of the certifieation
and registration OF its stock. IL may Wind
mn and dissolve Itself, or be wound up
aud dissolved in the manner prescribed Dy
law IL may conduct business IN TINS
Stare other States. the Federal Districts,
the Territories and possessions OF the
United States. and any foreign country.
Ii shall have the power to invest 1ts
hard Of directors with all OF Its cor
norste powers, subject to such restrictions
Is NAV be named in this charter. And
II generally shall have and possess all
the powers, rights, privileges, ana I'M
munities which corporations are and may
hereafter be authorized TO have and pos
sess under the Constitution and the laws
AZ this State and particularly under Act
No e67 Of the Acts Of the General AS
spmbly of the State OF Louisiana for the
year 1914 and the amendments thereto.
ARTICLE 1.-THE domicile Of this cor
poration shall be the City OF New Or
leans. Parish of Orleans, State of Lou.
isana and all citations or other legal
process shall be served upon the presi-
dent OF this corporation or in case OF
his absence upon the vice-president or in
Z the absence of both Of these officers upon
the secretary-treasurer Of this corpora
ARTICLE III.-The objects and pur-
poses for which this corporation is formed
and the nature of the business to be car
ried on By Il are hereby declared to be (:
To buy, sell, import, export and generally
trade and deal in or with, either Tor It's
eEn account or as agent OF others, all
kinds Of real and personal property, but
particularly cotton, cotton iinters and
+ seed the by-products thereof, and all
articles or things connected with and col
lateral thereto; to gin, clean, assert,
gfade and Tor bale and FOR compress cot
ton. cotton linters, or seed; to carry on
the business of general warehousing In
all its several branches. and to issue
certificates, negotiable or otherwise, to
persons warehousing goods with II, and
10 make advances or loans upon the Sc
curity Of such goods land generally to
carry on any other business which under
the law II may be entitled to carry on,
which may seem to the corporation to be
calculated directly or indirectly to effect
the aforesaid objects and purposes, OF
either Of them, or to facilitate the cor
poration In the transaction of its afore.
aid business or businesses or any part
thereof, or in the transaction Of any Other
lawful business that may be calculated
directly or indirectly to enhance the value
Of or to render profitable any Of the cor
portions property and right. and gen
erally to hold and exercise all such In
cidentaf powers and privileges and to DE-
and perform all things as relate to tn'
objects and purposes hereinabove set foth
o. 90 may be needful, necessary, proper
useful or convenient for affecting said
objects and purposes, or either of them
ARTICLE Iy.-The authorized capita
stock OF this corporation is hereby hxec
q and declared to be the sum Of Fifty
neusand Dollars ($50,000.00) which cap
nal stock may be increased in the man
net provided by law to the sum of TIVE
Hundred Thousand Dollars $500, 000.00).
The presently authorized capital stool
this corporation shall consist Of ont
1o1sand {1O00) shares of the par value
q nifty dollars (S5O00) each; It shall b,
represented by certificates, shall be full
paid and worcestershire when issued
mall be issued only for labor done o.
s property actually received, or for cas cas-,
b paid at such times and in sucl
sneurts and after such notice as may b,
essermined by the board Of directors. an'
sail BE- personal, property. No transfe
q said capital stock shall be binding
wen this corporation unless made In &c
0roance with its charter and bylaws, ant
recorded on the books thereof
AkIiCLE v-No stakeholder may sell
ssngn or transfer his stock in this cor
ponuon without giving to the other stock
ss'es!1 through the secretary-treasure
thls corporation, notice in writing o
sSen intention, and the other stakeholder
~ ease the right for a period Of thirt
~ rom the delivery Of such notice {
- secrefary-treasurer, to purchase o.
any part Of the stock of such stock
$,ee Tor cash at the book value thereof
49, Which thirty days the said stoc
% sold without restriction.
.enever the employment of any stocl
ss.<H ~ this corporation is terminated
<l1M|{ nv Aaath