The herald., 1913-12-25

Article 1.-THE domicle Of said corpora
tion shall be in the city OF New orleans,
state OF Louisiana, and all citations or other
legal process shall be served upon the presl.
dent of said corporation, or, in the event Of
his absence, upon the vICe-prcsident, and, IN
the absence of both Of said officers, upon the
secretary OF said corporation.
Article III.-The objects and purposes OF
this corporation are hereby declared to be-:
to acquire, preserve and disseminate Intor-
nation pertaining to the building supply in
dustry Of the city of New Orleans and state
of Louisiana; to promote the interests, TO de
crease the risks, and to improve the meth
DDS in the conduct thereof; to establish, main
tain, and operate a bureau OF agency tor the
collection acquiring, by purchase or IN
any other lawful manner, information, sta
tistics, facts and circumstances Of, relating
to, or affecting the business, capital, debt,
solvency, credit, responsibility and CONNER
cial condition and standing OF any and all
individuals, hrns, associations ana corpora
tions engaged in or connected with the busi-
ness of buying and selling building materials
of any and all kinds, wholesale or retail, the
other structures works, whether public or
private, paving streets and sidewalks or
laying roads, any other business which re-
quires the persons OF concerns engaged there.
in to purchase building material therefor; and
to furnish such information and data, sta
tistics and ratings to the members OF this
corporation; and generally to do any and all
things to advance the interests Of the IN
vide, own and maintain suitable rooms and
Offices for the members of this association in
the city of New Orleans; and to hold and
exercise all such incidental powers as relate
to the objects heretofore set forth.
Article IV-The capital stock of the cor
poration is hereby fixed at the sum Of ten
| thousand dollars (Sl0,OO0O), TO be divided into
and represented by two hundred (SJO) shares
of stock in the sum of fifty dollars tS50O)
each. Said stock shall be paid for as, when,
and in the manner directed by the board OF
directors. The capital stock may be in
All shares Of stock shall be issued as full
| paid and worcestershire, and no transfer OF
| stock shall be binding on the corporation
unless recorded on its books.
Said corporation shall become a going con
| Germ and be authorized to do business as soor
| as sixty (6O) shares OF its capita! stock shai
! have been subscribed for.
| Every stakeholder who IS a member OF the
association shall be required to pay an an
| nual membership fee, and the payment o.
| all dues fixed by the board OF directors shall
| be enforced by such rules, regulations ant
penalties as the board Of directors may ,deen
| proper. The shares Of stock shall be haDl'
for any unpaid dues.
| Only such stockholders who have beer
| elected members Of the association as pro
| vided by the bylaws or constituted suCl
| members by this act OF Incorporation shat
have the right to vote at all corporate meet
ings held 10 amend the charter, to dissOIE
the corporation, to elect Nquldators, or 1
increase or diminish the capital stock:
Article Vail the corporate powers OF san
corporation shall be exercised by board O
directors, consisting Of the total member
, ship Of the association. Seven directors pres
. | ent in person shall constitute quorum
/, director may be represented by proxy. ,
The board Of directors shall elect annual
from their number a president, viee-pres