The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-23
CHARTER.
CHARTER OF UNITED STATES BOND
ED WAREHOUSE CO., INC.

Louisiana, Parish Of Orleans, City of New
Orleans. BE it known, that on this hf.
teenth day of February, in the year OF
our Lord one thousand, nine hundred anG
twenty two, and of the Independence oi
the United States of America, the one
hundred and fOrty-siNth: Before me
Henry =. Dart, Jr, "A notary puDlc, duly
commissioned aud qualified in ana Tor tht
Parish of Orleans. State of Louisiana
therein residing. and in the presence oil
the witnesses hereinafter named ana un,
dersigned: personally came and appeared
W l.. ODaniel. l.. 4. Tucker, X. L. Clark
who seyerally did declared: That, availing
themselves of the provisions OF the Con
stitution and laws Of the State OF Louis
lana, relative 10 the organization Of cor.
pOratiOns. they have contracted and
agreed and do by these presents contract
and agree and bind and Obligate them
selves. as well as such persons as may
hereafter become associated with them
to form and constitute a corporation and
body polite in law for the objects and
purposes and under the agreements anC
conditions, tn-wit:
ARTICLE THE name of this corpora
ton shall be United States Bonded
Warehouse Co., Inc, and under this name
IL shall have power and authority of 3
body corporate and shall continue for Z
period of ninety nine years from the date
hereof, and shall have and exercise, fOI
the purposes of the business to be carried
on by il all the powers conferre dby the
~
pecially by Act No. 267 of the General
Assembly Of the State of Louisiana of 1914
and amendments thereto, upon similar
corporations, including the power to make
and use a corporate seal if it may deem
nit to do so. and the same to break or al
ter at pleasure.
ARTICLE 1.-THE dOmicle Of this cor
pOration shall be in the City of New Or
leans State of Louisiana, and citation and
all legal process shall he served upon the
president of the corporation, and in his
absence or inability to act, upon the vice
president, and in his absence or inability
to act, upon the secretary of the corpora
ton
ARTICLE IH-The objects and pur-
poses for which this corporation is or
ganized and the general nature of the
business to be conducted by It are hereby
declared to be to qualify and to carry
on the business Of public warehOuseman,
and bonded warehOuseman, and to conduct
a general warehouse, storage, receiving,
forwarding, psconsigning business. and
generally to do any and all things that
may be necessary and proper for the ac-
eomplishment OF any and all of the pur-
poses and objects set forth herein or in
cidental thereto.
ARTICLE Iv-The authorized capital
stock Of this corporation Is hereby fixed
at the sum of fifty thousand ($J0,0O00O)
dollars, divided unto and represented by
five hundred (500D shares Of the par value
shall be paid for in cash or may be issued
at par, In payment for property actually
purchased by or services rendered to this
corporation at such times and in such in
, stallments as the board of directors may
direct.
The amount to which the capital stock
of this corporation may be increased Is
hereby fixed at the sum Of one hundred
thousand S100,OO0.OO) dollars, divided
into and represented by one thousand
Shara Af alra Nf
hundred ($1OO.O0) dollars each, and said
stock, or any part thereof, may be issued
on complying with the requisites Of the
law, and said stock so issued shall be paid
for In cash, or may be issued at par, in
payment for property actually purchased
by, or tor services rendered to this cor
poratiOn, at such times and in such in
stallments as the board Of directors may
direct.
This corporation shall be authorized TO
commence business and be a going con-
Germ as soon as one-half of its capital
stock, to-wit: twenty-five thousand
$25OOO.0O) dollars, is subscribed.
ARTICLE VAN the powers of this
corporation shall be vested in and exer-
cised by board of directors, to be elected
annually on the first Monday of February
Of each year, and a majority of whom
shall constitute quorum for the trans
action OF business, and a majority OF
votes cast shall decide all questions; all
such elections shall be conducted at the
office Of this corporation under the su-
pervision Of three commissioners to be
appointed by the president. Notice of
such election and Of all other meetings of
stockholders whatsoever, unless waived
In writing, shall be given personally or
by depositing In the United States Post
Office In New Orleans, at least fifteen
days before such meeting, a notice of the
holding thereof, enclosed in postpaid
wrapper, addressed to each stakeholder
ut the last address furnished to this cor
poration by said stockholders, and in the
event that no address be furnished then
address General Delivery, New Orleans.
AT least two days before said meeting a
complete list OF the stockholders entitled
to vote shall be open to inspection by the
stockholders at the place Of said meeting.
Of stockholders, the voting shall be by
ballot, and each stakeholder shall be en-
titled to one vote for each share Of stock
standing In his name on the books Of the
company, to be case In person or by
proxy.
Fifty per centum of the outstanding
capital stock of this corporation shall
constitute a quorum mt any and all meet
ings for the transaction of any and all
business, except as otherwise provided by
Law. The majority Of stock voted shall
decide all questions, except as otherwise
provided by law or this charter.
Vacancies occurring in the board of di- |
rectors because of death, resignation or
othewise, shall be filled by the remaining
members Of the board by selection from
the other stockholders.
The failure to hold an annual election |
or to elect directors as above provided |
shall not dissolve the corporation, but the |
directors and officers then in Office shall |
cause an election to be held as soon as |
possible thereafter, notice of which shall |
be given as above provided for the hold
ing OF the annual meeting of stock
holders. pending which election the then
directors and officers shall remain as such
until their successors have been duly elect
ed and shall have qualified.
The board OF directors shall. within
thirty days of each annual election, elect
rom their own number n president and a
Fice-president. and shall also elect a sec
'etary and treasurer and shall have power
20 combine the offices or secretary and
treasurer In one person.
The board Of directors shall have the
power of delegating all or any of its
'ower In the transaction Of the business
u this corporation to a committee or com
nittees Of its own body or to officers and
gents Of this corporation, and the board
y directors may appoint from time to
line such officers, managers, clerks
gents or employees as they may deem ,
necessary or proper for the conduct of