The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-09
CHARTER OF "SWEET-FORSCHLER
GLASS COMPANY. INCORPORATED

State of Louisiana, Parish of Orleans.
City of New Orleans: Be il known, that
on this 3rd day of February, in the year
one thousand, nine hundred and twenty
two, Before me. William A. Wenck. no
tary public in and for the Parish of Or
leans. State of Louisiana, duly commits
stoned and qualified. and in the pres
ence of the witnesses hereinafter named
and undersigned; personally came and
appeared, the persons whose names are
hereto subscribed, all above the full age
of majority and residents of this city.
who declared, that availing themselves of
the provisions of the Constitution and
laws of this state relative to the formation
Of corporations, they do by these presents
form themselves as well as their associates
and successors into and constitute stock
corporation and body polite in law, for
the purposes and objects and under the
stipulatiOns as hereinafter set forth, which
they hereby adopt as their charter, to-
ARTICLE 1.-The name and title of this
corporation shall be the sweet Forschler
Glass Company Incorporated. Its domi-
cile shall be in the City of New Orleans,
State of louisiana and 1t shall have and
enjoy succession by its corporate name
for n period of ninety nine years from the
date hereof.
The president. or in the event of his alb
sence, the secretary treasurer Is hereby
designated as the officer upon whom all eli
tations or other legal process shall be
served.
This corporation shall have power aud
authority to sue and be sued in its cor
porate name. To make and use COM
mon seal and alter the same at pleasure.
To acquire property by grant, gift or
purchase and to devise or bequest; to
lease, hold and dispose of, and to mort
gage and pledge the same. To appoint
such officers, managers and agents as che
business of the corporation may require
and to fix their compensation. To make
bylaws and regulations not inconsistent
with any existing laws. and shall have all
the rights, powers, advantages and i'm
munities granted by law to corporations.
for which this corporation is organized
and the NATURE Of the business to be car
ried on by II are hereby declared to be;
to manufacture, handle and sell glass
savings banks and any and all CONNER
cial novelties; to acquire and own patent
and patent rights relative to the manufac-
ture of glass ware and novelties; to manu-
facture and deal in said material; to own
above purposes and to dispose of the pro-
| ducts thereof and generally to do any act
or thing necessary to carry out the OBJ
| jects and purposes hereof.
ARTICLE IiI-The capital stock of this
| corporation is hereby fixed at the sum
of forty thousand (si0.OOO) dollars, divided
| into and represented by four hundred
| I4O0) shares of the par value of one hun
.red (S1OOOO) dollars each. which stock
shall be paid for in cash or in property
rights or services at such times and In
such amounts and manner as the board OF
| directors may determine and direct.
The capital stock of this corporation
may be increased to the sum of seventy
five thousand (s75,0O0.00) dollars in the
manner provided for by law.
| No transfer of stock shall be binding
upon the corporation unless made upon
the books of the company, and all certif-
cafes of stock shall be signed by the
president and the secretary-treasurer of
| the corporation.
| No stock holder of this corporation shs n
sell or dispose of his or her stock with
| out first Offering the same for sale, In
writing, for a period of ten days to the
| other stockholders, through the board of
directors of the company, who shall have
| the first option and right to purchase the
! same at the actual cash value thereof. in
the event of their failure to exercise their
| right under said option as herein prOvid-
ed. the stockholder so offering his stock
for sale shall have the right to dispose
of same in the open market.
ARTICLE IV-The corporate powers of
| this corporation and the full management
Of its business and affairs shall be vested
in and exercised by board of directors
composed of three stockholders, each OF
whom shall own in his own right. at least
one full paid and unpledged share Of the
capital stock; a majority Of which said di.
| rectors shall constitute a quorum for the
transaction of all business.
Election for directors by the stock
holders shall be held annually on the sec
ond Monday in February at the domicis
of the company, under the supervision OF
two commissioners to be appointed by
the president, after notice thereof, to bs
delivered personally or by depositing II
the post Office, properly addressed to eact
stakeholder, at least fifteen days before
such meeting in accordance with Other
provisions of the law.
All elections shall be by ballot and
majority of the votes cast shall elect, and
each share Of stock shall be entitled Il
one vote, either by proxy or in person.
Each board Of directors shall, at its frs
meeting after it's election elect from it,
number a president, vice-president and
a secretary-treasurer; who shall hold of
flee until their successors shall have beer
duly elected and qualified. The board
shall have power in its discretion to unit
two or more offices, and the same to con
fer upon one person.