The herald., 1912-07-18
CHARTER
OF CRESCENT SPECIALITY COMPANY,
LIMITED.

OF LOUISIANA, PARISH OF OR
LEANS, CITY OF NEW ORLEANS.
BE II known, that on this the tenth day
of the month of July in the year of our
Lord one thousand nine hundred and twelve
and of the independence of the United states
the one hundred and thrty-seventh, before
me, Frederic q. Marx, notary public in and
for the parish Of Orleans, city OF New Or
leans, state of Louisiana, duly commissioned
and qualified and in the presence or the wit
nesses hereinafter named and undersigned,
personally came and appeared the several
persons whose names are hereuntO SubScrib-
ed, who declared that, availing themselves
OF the laws of this state relative TO the
formation of corporations, they have cOyen-
anted and agreed and do by these presents
covenant and agree and bind themselves as
well as those who may hereafter become as
ISOLATED with them, TO form and constitute
a corporation or body polite in law, under
the conditions and stipulatiOns and for the
objects and purposes hereinafter following,
tO-wit:
The name, title and style Of this corpora
ton shall be CRESCENT SPECIALITY COM
PANY, LIMITED and under such name 1t
shall exist and enjoy succession for term
and period of ninety-nine years from this
ARTICLE H.
The domicile Of said corporation shall be
In the parish of Orleans, where all citation
and other legal process shall be served on
the president, or in his absence on the vice
president, or in the absence of the vice-pres-
ARTICLE Ill
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 manufacture and sell
electrical punch boards and other electrical
devices. To lease, rent and otherwise deal
in them.
The<capital stock of this corporation is
hereby liked at the sum of six thousand
(S6,00000) dollars, divided into and repre-
sented by sixty 600 shares OF the par value value
OF one hundred dollars each, which stock
shall be paid for in cash, or may be issued,
full paid, for property actually received or
for labor or services actually rendered
ARTICLE V.
All corporate powers whatsoever of this
corporation shall be vested in and exercised
by board OF three directors, composed of
three stockholders, any two OF whom shall
all business. The said board OF directors
shall be elected on the second Monday in
July Of each year. The first election under
this charter TO be held In the year 1913.
All elections shall be by ballot, at the Of
fee OF the corporation. under the supervision
of commissioner to be appointed by the
president for each election. All elections
and meetings of stockholders shall be pre-
coded by ten days notice sent by mail by
the secretary to each stakeholder to the ad-
dress left by him with the secretary; each
share of stock shall be entitled to one vote,
10 be cast In person or by written proxy, and
a majority of votes cast shall elect. The
board of directors shall have power to I'LL
all vacancies occurring in said board. Fail
ure to elect directors on the date above spe-
Gifted shall not dissolve this corporation,
but the then existing board and other off,
Gers shall hold office until the election of
their successors, after notices as above pro-
vided.
At the first meeting after their election
the said board Of directors shall elect from
their number a president, vice-president,
and a secretary-treasurer and such other Of
ficers as said board shall deem necessary.
Said board of directors shall have power
and authority to make and establish as well
as to alter and amend bylaws, rules and
regulations necessary and proper for the
support and management of the corporation.
Said board shall also have power and au-
thority to nix the terms and conditions upon
which property shall be purchased by said
corporation and alienated by 1t: to borrow
money, execute mortgages Issue notes or
other evidence of debt as they may consider
advantageous and to designate some officer
or other person to appear for this corpora
ton and act for 1t In selling, buying. mort
gaging. etc, property; to issue stock In pay
ment of money borrowed, received or pro-
perty, labor or services acquired by said
corporation. At all meetings of said board
a member thereof may be represented by an
other, under a written proxy.
Said board shall have power by a vote
representing not less than two-thirds Of the
capital stock then issued to SELL mortgage
(by bond mortgage or otherwise), lease or
pledge any or all OF the movable or immov-
able property OF the corporation, or to re-
ceive In exchange therefor money, or stock.
or bonds of other corporations, and to vote
such stock and bonds at any meeting of
such other corporation, without referring to
the shareholders for authority so to do, and
said board shall have power to designate
and adopt corporate seal and alter or
change the same at pleasure and generally
have all powers generally vested in boards
of directors by custom, usage or laws. Un-
ell the meeting to be held in July, 1913, IN
der this charter Louis NJ White Harmon
Ward and Frank J. Nolan shall be and com
pose the first board OF directors with L. NJ.
White as president Harmon Ward as vice
president, and Frank j. Nolan as secretary
No stakeholder shall ever be liable or re-
sponsible for the contracts, fault, or debts,
nor shall any mere informallty In it's organ
charter null or OF exposing any stakeholder
20 any liability but the unpaid balance due
on the shares owned or subscribed by him.
ARTICLE vi.
Whenever this corporation Is dissolved, by
limitation or otherwise Its affairs shall be
liquidated by three commissioners consist
Ing OF the president, the vice-president and
dse ct who shall hold
dalton. In case of death, resignation OF
one or two of said commissioners, or Of the
inability to serve, the remaining commits
ARTICLE VII.
This corporation may be dissolved, its
capital stock increased or decreased or this
ACT OF incorporation AMENDED or altered by
complying with the laws Of the state rela-
tive to same.
Thus done and passed in my office, at the
city of New Orleans, on the day, month and
year first above written, and In the presence
of Eugene ID. Saunders and X. johnson, wit
nesses of lawful age, domiciliated In this
city, and therein residing, who have signed
their names with the said appearers and me,
notary, after reading thereof.
(Signed) Names OF signers omitted.
Eugene ID. Saunders, K. Johnson.
(Signed) FRED. c. MARX,
Not. Pub.
State Of Louisiana,
Parish Of Orleans
l, the undersigned recorder Of mortgages
In and for the parish of Orleans, state of
Louisiana, do hereby certify that the above
and foregoing act of Incorporation Of the
Crescent Speciality Company, Limited, was
this day duly recorded In my Office, in book
1856, folio =.
New Orleans. July 18th, 1912
(Signed) EMILE LEONARD.
Dy. Recorder.
I hereby certify that the above and fore
going Is a true and correct copy of the orig
inal on file In my office except that the
names of the signers and the number of
shares Of stock subscribed has been omitted
(SigneD FRED. c. MARX,
AL * 49, m sn.o 49,