The herald., 1911-06-15

leans, state or LOUISIANA, duly commits
stoned and qualified, In the presence of the
witnesses hereinafter named and undersign-
ed. personally came and appeared, the per-
sons whose names are hereunto subscribed
aud who declared that, availing themselves
OF the statutes and the laws of the state
Of Louisiana, including act IS Of 1904, pro-
viding for the formation of corporations,
they have covenanted and agreed to form
and constitute themselves into a corpora
tion for the objects and purposes and under
the terms and conditions hereinafter set
forth.
ARTICLE I.
The name, style and title OF this corpor-
alton shall be 1.-THE Reeves Company" and
under that name shall have and enjoy all
the rights, privileges and advantages grant
ed by law to corporations. 1t shall exist
for period of fifty years from day and
date hereof II shall have the power to
contract, to sue and be sued In Its corpor-
ate name TO make and use a corporate seal,
the same TO break, alter or amend at pleas
ure to receive, purchase, hold, convey, de-
liver, mortgage and hypothecate property,
both real and personal: to issue notes, bonds
and other obligations. negotiable instru-
ments and evidences of debt: to have and
employ such managers, directors, agents
and employees as the interests of the said
corporation may require or demand; to
make and establish such rules, regulations
and bylaws for the corporate management
of the business and affairs of the corpora.
tion as may be deemed necessary and proper.
ARTICLE H.
The domicile of this corporation shall
be in the city OF New Orleans, state of
louisiana all citations and other legal
process shall be served upon the president,
and In the absence Of the president, upon
the vice president, and In the absence of
both Of these. upon the secretary treasurer
of the corporation.
ARTICLE III.
The objects and purposes for which this
corporation Is organized, and the nature of
the business to be carried on by 1t are here
by declared to be:
To acquire from ]. W. Reeves certain for.
mulae for making and manufacturing metal
and roofing paints, and wood preservers 10
servers made from said formulae, and TO
do any and all things necessary and Incl
dent to the business
To do and carry on general paint
manufa curing business and the sale OF
said products; to built and erect warehouses
and factory buildings TO carry into effect the
purposes of this corporation.
This corporation may also own, lease. sell
mortgage, ALLEVIATE and dispose OF real estate
improved and unimproved: II may purchase
acquire. hold. own and dispose of stocks
bonds and mortgages and other evidences
OF debt and borrow and lend money on th'
20 do and engage In any other business
undertaking or enterprise connected witt
growing out OF or incidental or german,
20 any OF the objects and purposes set fortf
In or contemplated by this charter.
! ARTICLE ".
The capital stock Of this corporation I.
hereby fixed at the sum OF twenty-five thou
sand (S25. 0O0.00l dollars. divided into anC
represented by two hundred fifty (25Ol shares
of the par value Of one hundred 100000
dollars each said stock shall be issued a
such times and in such amounts as thu
board OF directors shall deem tit and proper
All shares shall be full paid and non-assess
able.
No transfer OF stock shall be binding upol
the company unless made upon its books
Said stock shall be represented by certi
ficates Of stock signed by the president ant
the secretary treasurer, and In the absence
OF the president, by the vice president.
ARTICLE V.
All the corporate powers of this corpor
alton shall be vested In, and the manage
ment and control Of its business and Affairs
shall be exercised by a board Of directors
composed Of three stockholders; no mem
Der of said board to own or subscribe 1ol
less than ten shares OF the capital stock o.
said corporation; said directors shall b,
elected by ballot at a general meeting OF
the stockholders on the third Wednesday
of June, 1912, and annually thereafter OF
that day. Every stakeholder shall be en-
titled, In person or by proxy, TO one vote
for every share owned by him. AL cleo.
lions shall be held under such rules and
regulations as may be determined by said
board of directors. Ten days written no
tice, directed to the last known address
of every stakeholder, shall be given Of all
elections. The directors thus elected shall
continue In Office for one year, or until
their successors shall have been elected and
qualified; any failure TO elect officers shall
not be considered as a forfeiture OF this
charter. ANY vacancy occurring the board
of directors shall be filled by the remaining
directors for the unexpired term; ma
iority OF the stockholders shall constitute
a quorum for the transaction OF any busi-
ness.