The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-19
CHARTER.
CHATTER OF W. ID. NAPLES CO. NC

igduS. lie II known. tndt on thlS the tll
day OF the month OF January, in the yea
of our Lord one thousand, nine hundred
and twCuty-One, and of the independence
of the United States % america, the on'
hundred and forty sixth; before me
Raymond H. Saal, a Notary Public, duly
commissioned aud qualified within and
for the Parish of Orleans, State OF Lou
isiaHa, therein residing. and in the pres
ence Of the witnesses hereinafter named
and undersigned. personally came and ap-
peaTpd, the seVerd! persons whose names
are Ler,uuto subscribed. who SeYvrally
declared that, ayailing themselves OF the
benefits ana provisions OF the Constitution
OF the State of Louisiana. and of the LAWS
Oi said State relative To the organization
OF corporations. and particularly Of the
provisions of Act No. 2oi of the General
Assembly Of the State Of Louisiana for
tLu year 1914 aud the amendments thereto,
they have contracted aud agreed and
united o. form and do. by these presents.
contract and agre" anu bind and ObHgate
themselves 10 form, organize and Constl-
tutr themselves, as well a. all such other
persons who may hereafter join or be-
come a-SOcIated with them or their sue
CcssOFS. into q stock corporation and
body polite in law, for the objects and
purposes and under the conditions, cove
HHnts. stipulatIOHS aud agreements Of the
article, following. tO-wit.
ARTICLE The name and title of this
corporation shall be. w. -. Naples Co..
Inc" and under and by said name, unless
sooner dissolved in accordance with law
and this charter IL shall exist aud con
tinue and shall have and enjoy corporate
existence and succession for period OF
ninety (9HJ, years from aud after
the date of ths act. IL may have, hold,
receive, borrow. loan, exchange. acquire
by grant. Gift or purchase, devise or be-
quest. sell. ALLEVIATE dispose Of, convey,
lease. pledge. pawn, hypOthecate, encum-
b,r OT mortsag" property OF any Kind
whether real, personal or mixed, cor.
inc, r..s1
able all subject To such limitations as may
be prescribed by law. 1t may make, issue
and endorse bonds or notes and other
evidences OF debt II may accept mort
cages pledges or other forms of security
for money loaned or other debts. 1t may
contract sue and be sued, plead or he
implicated 10y its corporate name in any
court Of competent jurisdiction. IL may
make, adopt and use a corporate seal and
alter or break the same at pleasure. IL
may hold stock in other corporations. and
its capital stock may be issued for capital
stock Of other corporations. IL may name,
appoint and employ such managers, di-
rectOrS, officers agents and other EN-
plOyes as its interests, business and con
yenience may require, and may fix their
compensation, having due regard TO the
nature. character ana value of their serv-
ices. IL may make and establish bylaws,
rules and regulations not inconsistent with
this charter or any existing law, fixing or
altering the management of its property,
the regulation and government of its az
fairs, and the manner of the CertificatiOn
and registration of it's stock. 1t may wind
up and dissolve itself, or be wound up
and dissolved in the manner prescribed by
law. 1t may conduct business in this
State. other States, the Federal Districts,
the Territories and possessions of the
United States, and any foreign country.
IL shall have the power to invest Its
board of directors with all of its cor
pOrate powers, subject To such restrictions
Ia ..-N. And
il generally shall have and possess all
the powers, rights, privileges, and i'm
munities which corporations are and may /
hereafter be authorized 70 have and pos |
sess under the Constitution and the laws
of this State, and particularly under Act
No. 267 of the Acts of the General AS
sembly 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 I
leans. Parish of Orleans, State of Lou
isiana, 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
the absence of both OF these officers upon |
the secretary treasurer of this corpora
ton
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 for its
own account or as agent of others, all
kinds of real and personal property, but
particularly cotton, cotton linters and
seed. the by-products thereof. and all
articles or things connected with and col
lateral thereto: to gin, clean, assert,
grade, and Tor bale and Tor 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
TO make advances or loans upon the Sc
curIty of such goods land generally to
carry on any other business which under
the law IL 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, or
either of them, or to facilitate the cor
poration In the transaction of Its afore-
said 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
II or to render profitable any of the cor
Doration's property and right. and gen
rally to hold and exercise all such in
.ldental powers and privileges and to do
md perform all things as relate to the
objects and purposes hereinabOve set 10th,
n as may be needful, necessary, proper,
Useful. or convenient for affecting said
objects and purposes, or either of them
ARTICLE IN.-The authorized capital
took of this corporation is hereby fixed !
Il and declared to be the sum OF Fifty ,
thousand Dollars (S5O,O0O00) which cap Q
tai stock may be increased in the man o
cr provided by law 10 the sum of Two I
hundred Thousand Dollars (s200,OOO.OO). I
The presently authorized capital stock !
I this corporation shall consist Of one ;
thousand OOOO) shares of the par value u
( fifty dollars fSJ0.00) each; IL shall be Z
represented by certificates, shall be full :
aid and worcestershire when issued. q
hall be issued only for labor done or q
Or property actually received, or for cash u
D be paid at such times and in such u
and after such notice as may be G
etermined by the board of directors, and Il
hall be personal. property. No transfer 9
Z said capital stock shall be binding "
pom this corporation unless made in ac- a
Drdance with its charter and bylaws, and 81
ecorded on the books thereof. q
ARTICLE V.--NO stakeholder may sell, o
ssign or transfer his stock in this cor D
grafton without giving to the other stock s'
olders, through the secretary treasurer .
this corporation, notice In writing OF -
lch intention, and the other stockholders Ia
hall have the right for n period Of thirty III
avs from the delivery of such notice to IN
any part of the stock of such stock p'
older for cash at the book value thereof,
fter which thirty days the said stock CO
ay be sold without restriction. pa
Whenever the employment Of any stock M
older by this corporation is terminated, eA
pse of time or otherwise, the other AT
stockholders shall have the right for su
lirty days from the date of such term pc
ation to purchase all or any part OF the III
ock Of such stakeholder for cash at the pt
Dok value thereof, after which thirty ga
iys the said stock may be sold with so
IT restriction. to
81 bald loSf rkn 20, hos a