The herald., 1922-02-16
CHARTER.
NJ n NAPLES CO.. INC.

.rrR OF W. ID. MA ~
Chad. states Of America, State OF Lou
Unitep .y;sh of orleans, City OIL New Ut
isisns' ps il known, that on TINS tne 4ai
leans The month OF January, I'm hnnyra,
day Of W I'D one thousand, nine hundret
Of Our Loru one and Of the independence
and tWeni,sd States or america, the on'
Of the Ssnd forty sixth; before me
hundred r. saal, a Notary Public, duly
Rsymone and qualified within and
commits parish OF Orleans, state OF Lou
for .ne therein residing, ana IN the pres,
issnA the witnesses hereihaltef haii l.
eDce " .,signed, personally came ana ap-
and uno e. several persons whose names
peareo, n,o subscribed, who seyerally
are he pc, that ayailing themselves OF the
deci.II.s and provisions or the CONSTITUTION
benefits .n,s ~ Louisiana, and OF the laws
o. us sa STATE relative TO the organization
Of sA,suaorations, and particularly OF tht
Of eo,pns OF Act No. 2o' OF the Deneral
provs,y,r N the State of Louisiana Tor
Assembly ,oya and the amendments thereto,
the yea contracted aud agreed and
they Farm and do. by these presents
uBiteo nd agree and bind and obligate
eohuN,vas 70 form, organize ana consul
them ..ssamselres, as well as all such other
tute who may hereafter join or De-
peisoHs ssociated with them or thelr sue,
come INTO n stock corporation and
eessors, ,i,ic I'm law, for the objects and
BODY ~ and under the conditions. cove
purpV' s,;nnlstions and agreements OF the
nns,,eIes following. to-wit:
.nT,cI.E 1.-The name and title of this
Ah.,ion shall be: Nv. ID. Naples Co.,
eelpg md under and by said name, unless
Inc SissoIyed in accordance with law
sooh. charter, il shall exist and con-
ahs and shall have and enjoy corporate
uI s.,,nee and succession for a period or
eei.sty.uine (99), years from anu aIier
nle s.,s of this act. IL may have, hold,
me U.s. harrow. loan, exchange, acquire
ir,ant gift or purchase, devise or be-
ssll ALLEVIATE dispose OF, convey,
y nledge pawn, hypothecate, encum-
w.. ar mortgage property OF any Kind
n0,hs, real personal, or mixed, cor
...sI or incorporeal, movable or lmmoV-
XII all subject to such limitations as may
~ a,eseribed by law. 1t may make, issue
sndorse bonds or notes and other
A nss.ncss Of debt. 1t may accept mort
nledges or other forms of security
nancy loaned or other debts. 1t may
l w sue and be sued, plead or be
s.nIeaded by its corporate name In any
sa1rt Of competent jurisdiction. 1t may
mske adopt and use corporate seal ana
.,,sr ar break the same at pleasure. Is
sa hala stock In other corporations, and
y. .snifsl stock may be issued for capital
- ~ other corporations. 1t may name,
.nnoipt and employ such managers, d.
ss,,or. officers, agents and other en-
nIoyss "a its interests, business and con-
ssniepce may require, and may fix their
sompensation, having due regard TO the
s.,rre character and value of their serv-
;... II NAV make and establish bylaws,
,rlss ana regulations not inconsistent with
,sis charter or any existing law, fixing or
sIf,rirr the management OF its property,
~ resulation and government OF its ar
airs and the manner Of the certification
md registration Of its stock. Ii may wind
m and dissolve itself, or be wound up
"a dissolved in the manner prescribed by
isS II may conduct business in this
Sfste other States, the Federal Districts,
tbs Territories and possessions Of the
United States, and any foreign country.
II shall have the power to invest Its
hard Of directors with all of its cor
pors,s powers, subject to such restrictions
a NAV be named in this charter. And
il generally shall have and possess all
the powers, rights, privileges, and Inn
uunities which corporations are and may
hereafter be authorized 10 have and pos
ssss under the Constitution and the laws
Of this State, and particularly under Act
No 267 Of the Acts Of the General As
semhly Of the State of Louisiana for the
rear 1914, and the amendments thereto.
ARTICLE 1.-THE domicile Of this cor
poration shall be the City Of New Or
hans, 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 tressurer 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
RED on by 1t 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
literal thereto; to gin, clean, assert,
grade, and/or bale and /or compress cot
ton cotton iinters, or seed; to carry on
the business Of general warehousing in
al its several branches. and to issue
certificates, negotiable or otherwise, to
pfSons warehousing goods with Ii, and
70 msfe advances or loans upon the Sc
cunIty Of such goods and generally to
carry on any other business which under
The law II may be entitled to carry on,
eakslated directly or indirectly to effect
ne aforesaid objects and purposes, or
ether sf them, or to facilitate the cor
pofation In the transaction of its afore-
uid ousiness or businesses or any part
thereof or in the transaction of any other
nvful business that may be calculated
uectiy Or Indirectly to enhance the value
u o. 70 render profitable any of the cor
pefsnon's property and right. and gen.
er.lly to hold and exercise all such in
aoenfal powers and privileges and to do
az perfsrm all things as relate to the
eo1ecu ana purposes hereinabove set 10th,
may be needful, necessary, proper,
useful or convenient for affecting said
oo!seis and purposes, or either of them.
ARTICLE N.-The authorized capital
.eck o. this corporation is hereby fixed
and declared to be the sum Of Fifty
assusand Dollars ($50.000.0o) which cap
~ stock may be increased in the man
VT provided by law to the sum of Two
nssered thousand Dollars $500 0O0.00).
ne presently authorized capital stock
y nn corporation shall consist of one
Isss.nd lloo0) shares Of the par value
my dollars (S5000) each: 1t shall be
n!rssested by certificates. shall be full
gls and non-assessable when issued.
~ sasn y issued only for labor done or
~ sperty actually received, or for cash
- paid at such times and in such |
S.uu and after such notice as may be
49, Mined BY the board of directors, and
u - 3 personal property. No transfer
- 1e capital, stock shall be binding
s 49, his evaporation unless made in ac- |
,s ss.ce with Its charter and bylaws, and |
ss 80 @ the books thereof.
49, sSLE v.-No stakeholder may sell, |
ne.e..I % transfer his stock in this cor
$500 Without giving to the other stock |
a ~ through the secretary treasurer
sr.s - cefporation. notice in writing of
sSsn eeefion. and the other stockholders
Ss,s 80 80 the right for a period Of thirty
~ n0m the delivery Of such notice to |
4, -. treasurer, to purchase all |
49, part OF the stock Of such stock |
49, Ief cash at the book value thereof.
nv en thirty days the said stock |
seid without restriction.
49, ef the employment of any stock |
eIfSss ~ this corporation Is terminated, |
lspss ~ ~ Death, resignation, dismissal,