The herald., 1912-07-18
BUILDING PERMIT.
CHARTER.

LEANS. CITY OF NEW ORLEANS.
BE II known, that on this LIST day of the
month Of June. in the year of our Lord one
thousand nine hundred and twelve. and Of
the independence of the United States OF
America the one hundred and thirty-SiXth.
before me, Lyle Saxon. a notary public duly
and qualified in and for the
parish of Orleans, city of New Orleans, state
OF Louisiana, and In the presence of the wit
neSseS hereinafter named and undersigned,
personally came and appeared the several
persons whose names are hereuntO subscribed
who severally declared that availng them
selves of the laws of the state of Louisiana,
relative to the organization of corporations,
and especially to the provisions of Act IS
OF 1904, they do by these presents, form
themselves and their associates, successors,
and assigns, into a corporation and body
polite in law, for the objects and purposes
and under the articles and stipulatiOns here
matter set forth and expressed, under the
following terms and conditions, to-wit:
ARTICLE |.
The name and the style of this corpora
ton shall be CROCKETT SALES CORPO-
RATION" and under that name shall have
and enjoy corporate existence and succession
for a period Of ninety-nine years from and
after date hereof. unless sooner dissolved,
in the manner hereinafter provided This
corporation shall have and enjoy all rights
privileges and immunities granted by law
TO corporations, and under its corporate
name, ii shall have power and authority TO
contract, sue and be sued TO make and use
alter or destroy at pleasure; to hold, receive
purchase, hypOthecate, convey, sell, lease or
pledge, real and personal property; TO issue
negotiable bonds and notes. or other evil
dence of debt; to have and employ such
managers, directors, officers and agents and
other employees as its interests may require !;
and to make and establish such bylaws
rules and regulations for the proper man
agement and control OF the affairs of the
said corporation, as may be necessary and
proper, and the same to alter and amend at
pleasure.
ARTICLE H.
The dOmicile of this corporation shall be
in the city of New Orleans. parish Of Or
leans, state of Louisiana. All citations and
other legal process shall be served on the
president of the company, or, in the event
of his absence from the city, or Of his ina
bility to act from any cause, upon the vice
president or secretary.
ARTICLE III.
The objects and purposes for which this
corporation Is organized and the nature of
the business TO be carried on by it, are here
by declared to be
To solicit and sell and purchase merchan-
disc in the nature Of drugs, toilet articles
and sundries of like character and TO manu-
facture the same; to do and undertake any
and all things necessary or incidental there
TO, and 10 enter into all contracts, agree
ments or engagements, or incur any Obliga-
tlon connected to or appertaining to said
business, or appropriate to its effectual pros
any and all merchandise, and manufactured
articles along appropriate and incidental
lines.
ARTICLE ".
The capital stock of this corporation Is
hereby fixed at the sum Of one hundred thou
sand dollars (S1O0, 090.00), to be represented
by one thousand shares at a par value Of one
hundred dollars (S10O.OO) each; and three
thousand dollars (S3,O0000) Of the said
capital stock must be subscribed and paid in
cash before the company can organize and
become going concern; the remaining
shares of said stock shall be issued by the
board OF directors, as they shall deem fit and
proper.
All shares of stock shall be paid for in
cash. property received, or labor or services
performed; and must be fully paid before
shall be worcestershire.
Said stock shall be represented by stock
certificates transferable only on the books
OF the company, on the surrender of the out
standing certificates or proof of loss there
Of, and under such rules and regulations as
the hoard Of directors may provide
Before any stock can be transferred, 1t
must be first offered in writing, and at its
book value to the board of directors Of the
company, who shall have the option of pur-
chasing same at the book value, at the time
said stock Is offered for sale; and should
the directors fail TO make the purchase Of
time of OFFER then the holder and owner of
the stock may dispose of it In the open mar
ket.
The said capital stock may be increased or
diminished by proceedings taken in accord
ance with the laws of the state of Louisiana.
ARTICLE V.
All the corporate powers of this corpora
tion shall be vested In and exercised by
board OF nine directors, each of whom shall
own at least one share of the capital stock
OF this company. Said directors shall be
elected by ballot and under the supervision
OF two commissioners appointed by the board
q 10 H..
holders of this company, which annual meet
Ing shall be held on the second Wednesday
or June or each year at which meeting each
stockholder shall have the right in person
or Dy proxy TO cast one vote on each share of
stock owned by him. Five members of the
board OF directors shall constitute a quorum
Said board shall have power to fill all va
cancies occurring In the board, and all Off
GERS and directors shall hold and continue
In office until their successors shall have
been elected and qualified. The annual
meeting OF the stockholders shall be pre-
eeded by ten l1O) days notice mailed to the
tifying him of the time and place of meet
Ing. The board OF directors shall have pow
err TO provide for general or special meetings
OF the stockholders, or Of the board Of direc-
tors. Any member OF the board Of directors
who may be absent from the domicile of the
company, or who may be prevented from
attending, may give a written proxy to any
other member Of the said board Of directors,
u
ing OF the board, whether special or general
The board of directors OF this company
who shall hold Office until the second We'd
nesday Of June, 1913, and until their sue
cessors are elected and qualified, shall be
Guy s. Crockett, George A. Simms, John
Hunter, L. X. Beauvais, Robt. r. Ellis. r. G.
Pursell, Gustave Kopp, John r. Taylor,
Robt. Mcclure, with Guy s. Crockett, presi.
dent II. g. Persell, vice-president, and Gus
tave k0pp, secretary-t treasurer.
The officers of this company shall he n
president, vice-president, and a secretary
treasurer and they shall be elected annually
by the board Of directors at its first meeting
after its election.
ARTICLE vi.
No stakeholder shall ever be liable or re-
sponsible for contracts or faults Of this cor
poration, nor shall any mere informality in
organization have the effect of rendering
this charter null, or exposing any stockholds
er to any liability beyond the amount due on
his stock.
ARTICLE VII.
This act Of Incorporation may be changed.
altered, modified or amended, or the corpo-
ration may be dissolved with the assent of
Of the stock represented at a
special meeting called for that purpose. and
after its objects shall be made known by
ten (10f days previous notice In writing.
delivered or mailed to each stakeholder. and
ipon complying with the laws of the state
u Louisiana. Whenever the corporation Is
dissolved, Its affairs shall be liquidated by
,hree commissioners or liQuidators. aDpoinf
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