The herald. [volume] (New Orleans, La.) 1905-1953, 1912-11-14
CHARTER
OF LOUISIANA PETROLITHIC con-
STRUCTION COMPANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS.

UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS.
Be 1t known, that on this first day OF
the month OF October, in the year of our
Lord, one thousand nine hundred and twelve
before me, Lewis ROssner Graham, a notary
public, duly commissioned and qualified in
and for the parish OF Orleans, therein re-
siding, and in the presence OF the witnesses
hereinafter named and undersigned, per-
sonally came and appeared the persons
whose names are hereuntO subscribed who
declared that, availing themselves OF the
provisions OF the laws of this state relative
TO the organization of corporations, they
have cOvenanted and agreed, and do, BY
these presents covenant and agree bind
form and constitute themselves, as well as
such other persons as may hereafter join
or become associated with them, into a cor.
poration and body polite in law, for the OBJ
jects and purposes and under the agree
ments and stipulations following, to-wit:
ARTICLE l.
The name and style OF this corporation
shall be the Louisiana Petrolithic Construc-
ton Company and under that name il shall
nave and enjoy all the rights advantages
and privileges granted by law to CORPORA
tons; II shall exist for a period OF ninety
nine years from the date hereof; shall have
power to contract, sue and be sued under
us corporate name; to make and use a cor
porate seal, and the same to break or alter
al pleasure TO hold receive, purchase con
yey, mortgage, hypothecate or pledge prop
erty, real personal or mixed to issue bonds,
notes and other obligations; to have and
employ such managers, directors, Officers.
agents and other employees as the interest
and convenience of said corporation NAV re-
quire or demand; to make and establish
such bylaws, rules and regulations for the
corporate management and control of the
dent.
ARTICLE III.
The domicile OF said corporation shall be
In the parish Of Orleans, state Of louisiana
All citation and other legal process shall
De served on the president, and in his alb
sence ON the vice-president of the corpora.
ton. In the case Of the absence or inabiI-
lily or both officers, then process shall be
served on the secretary of this company.
ARTICLE III.
The objects and purposes for which this
corporation Is organized and the nature of
tne business to be carried on by it are here
TO do a general paving levee roadway
ana street construction business to build.
construct and erect for other persons dams
sigrSors' canals. bitches bridges, railways
rdllroaus, tramways, water craft work
shops and mechanical plants, and all char
acler OF general construction work: to buv
sell, lease or otherwise deal in all machin
t tn uSedGI or appointment to said purposes
10 Jay out town lots or suburbs, and to nave
and lay out streets sidewalks and alleys
10 put down sewer, drainage, water and
gas ga pipes 10 cosnect with municipal or 9TH
er plants; to deal In by purchase sale or
tease, on royalty or otherwise, ali patents
OF patent rights, and particularly All the
patents used In or useful to what is known
az a., tne petrolithic construction, and gener-
any 10 40 and engage In any other business
or enterprise connected with,
SLo"ing out or, germane or incidental to
any OF the objects and purposes heerin
a apo set forth or contemplated by this
ARTICLE w.
The capital stock Of this corporation Il
hereby fixed at the sum of one hundred
thousand dollars $500, 600. OO) divided into
ana represented by one thousand (1OOO |
snares OF the par value of one hundred dol
idrs tsIOO.OO) each, which said shares of
stock shall be paid for in cash or MAJ y.
issued at not less than par for services rem.
uered 10 or property or rights actually pur
chased or acquired by the corporation. All
assessable. No transfer OF stock shall he
oIndlng upon the corporation unless made
upon Its books. OF such total authorized
capital stock five hundred (5OOJ shares,
0OO.OO) shall be preferred stock. and Ave
hundred (5OO) shares, amounting to nfty
dollars (s50,0O0.OO) shall be com
1. O.NciS VI the preferred STOCK shall
be entitled to receive, when and as declared
rom the surplus or net profits of the cor |
poration, yearly dividends at the rate of
seven per cent go per annum and no
more, payable annually on dates to be fxed
by the bylaws. The dividends on the pre-
ierred stock shall be cumulative and shall
De payable before any dividends on the com
mon mon stock shall be paid or set apart. So |
mat II any year dividends amounting to
seven per cent (l%o) shall not have been
paid thereon, the deficiency shall be PAYABLE
DeIore any dividends shall be paid upon or
set apart for the common stock.
whenever all cumulative dividends ON the
preferred stock for all previous years shall
nave been declared and shall have become
payable and the accrued dividends for tbe |
current year shall have been declared and
me company shall have paid such cumula-
tive dividends for previous years and such
dividends for the current year or SHAH have
set aside from its surplus or net profits
sum sufficient for the payment thereof. the
,oard OF directors may declare dividends on
he common stock, payable then or there
profits. '''
In the event Of any liquidation or disso-
ution or winding up, whether voluntary or