The herald., 1912-06-20
CHART TER.
OF THE Mccoy COMPANY, INCORPOR
ATED.

OF THE Mccoy COMPANY, INCORPOR-
UNITED STATES OF AMERICA. STATE
CITY OF NEW ORLEANS.
Be Ii known, that on this 10th day OF
June, In the year Of our Lord, one thousand
nine hundred and twelve before me, Arthur
A. Moreno, a notary public, in and for the
parish of Orleans, state of Louisiana, duly
commissioned and qualified, personally came
and appeared A. ]. Mccoy, n. V. Mccoy, G.
and J. f. Mccoy, who declared unto me that
they do hereby form and bind themselves,
as well as such other persons as may here
after join them, into a corporation for a
under the name Of the Mccoy Company, In
corporated, with a domicie In the City of
New Orleans, State Of Louisiana.
ARTICLE l.
The purpose OF this corporation shall be
to carry on a general contracting business,
to construct pavements, roads, levees, drains,
sewers and to demolish .and erect buildings,
structures and works and improvements of
every kind, nature and description, to buy,
and sell merchandise and other products,
and to act as agents for all kinds of prod
ucts and for everything that pertains to the
aforesaid business and generally doing and
engaging in any other business, or enter
prise connected with or growing out of, ger
name or incidental to any of the purposes
hereinabOve set forth, or contemplated by
this charter, and TO purchase and dispose of
ARTICLE III.
The capital stock of this corporation shall
be twenty thousand dollars, divided into
two hundred shares Of the par value of one
hundred dollars per share, payable when
issued in cash, or other property, or for SER
vices rendered, or actually performed as de.
cided by the board Of directors, and this
corporation Is to be a going concern when
fifteen thousand dollars is subscribed to and
paid for.
ARTICLE III.
No st0ckholder shall ever be liable or re-
sponsible for the Indebtedness, or faults or
defaults of this corporation, nor shall any
mere informality In the organization of the
corporation have the effect of rendering the
charter null or OF exposing the stockholders
| TO any liability beyond the unpaid balance
IL any, on his stock subscription.
| ARTICLE Nv.
Before any stock can be transferred, IL
| must be first offered In writing to the board
OF directors of the company, who shall have
the option OF purchasing same at the low
est market price prevailing at the time the
said stock Is offered for sale, and should
the board of directors fail to make the pur-
chase of said stock within twenty days from
the time il Is offered, the holder or owner
Of said stock may dispose of 1t In the open
market.
ARTICLE v.
This corporation shall have all the pow
ers granted to such corporations by law,
and shall have the power to contract, sue
and be sued In its corporate name, and to
own, hold, receive, loan, lease, purchase,
sell and convey or mortgage any of or all OF
its effects. or hypothecate. issue and deal
In stocks, bonds, mortgages, patent rights
and other securities and property both real
and personal, and to do any and all other
acts or things of any other Kind, nature and
description, as may be necessary to carry
out the objects and purposes of said busi-
ness as Its interests and conveniences may
require.
ARTICLE vi.
The business of said corporation shall be
directed by and vested in a board of direc-
tors composed Of five stockholders, a major
fty of whom shall constitute a quorum for
the transaction Of all business, and the said
directors as first constituted shall be A. j.
Mccoy, N. v. Mccoy, c. w. Mccoy, ]. A.
Mccoy and ]. =. Mccoy and they shall hold
ofice until the second Tuesday of July,
1912, and on that day and from each and
every day thereafter elections shall be held
annually for directors at the principal once
OF the corporation. Failure to hold an cleo
tion on the day specined shall not dissolve
the corporation, but the directors In once
shall hold their respective ofIlces until an
election shall be held after ten days notice
OF the time and place thereof given to Zach