The herald. [volume] (New Orleans, La.) 1905-1953, 1913-04-17

CHARTER
OF P1IIL p. CRESAP COMPANY. LTD.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS
BE Ii known, that on this, the third day
of April, In the year of our Lord, nineteen
hundred and thirteen. and OF the independ-
ence of the United States of America, the
one hundred and thirty seventh, before me,
Edward Paul Foley a notary public, duly
commissioned and Qualified. in and for the
above city. parish and state therein resid-
ing, and in the presence of the witnesses
hereinafter named and undersigned, person
ally came and appeared the persons whose
names are hereuntO subscribed, who de-
clared that availing themselves of the pro-
visions 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 well as such other
persons as may hereinafter join, or become
associated with them, into a corporation
and body polite in law, for the objects and
purposes and under the agreement and stip-
ulatiOns following, tO-wit:
ARTICLE /.
The name of this corporation shall be
the Phil T. Cresap Company, Limited. and
under that name it shall have and enjoy
corporate existence and succession for a
period of ninety-nine years, from and after
| the date hereof. unless sooner dissolved in
| the manner hereinafter provided: to con-
tract. sue and be sued; to hold, receive pur-
pothecate and pledge property, both real
and personal; to issue negotiable bonds and
| notes to name and appoint such managers,
directors, officers and agents and other en-
plOyes, as Its interest may require; to make
and use corporate seal, and the same to
alter at pleasure; to make and establish
| such bylaws, rules and regulations for the
proper management and control of the af-
| fairs of the said corporation as may be nee
| essary and proper. and the same TO amend
and alter at pleasure.
ARTICLE III.
| The domictle 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 corporation. or in the event
of his absence from the city, or disability,
upon the vice-president, or its secretary
treasurer general manager.
| 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 buy, sell, manufacture
proprietary and pharmaceutical preparations
| for its own account, or for the account OF
| others, whether patent proprietary or other.
wise, to act as agent or distributor OF medi.
! cines or chemicals, whether in the original
or manufactured state, and generally to do
and perform or engage In any other bust
| ness, connected with, growing out, germane
or incidental TO any of the objects and pur-
poses heerinabove set forth and cOntem-
plated by this charter
| ARTICLE Nv.
I The capital stock OF this corporation Is
! hereby fixed at the sum of twenty-five thou
! sand (S25, 000.00) dollars, to be represented
| by twenty-five hundred (2500) shares at
the par value of ten $4,000 dollars each
| and five thousand (S5,000.00) dollars, OF
the said capital stock. must be subscribed
and paid for before the corporation can or
! ganize and become a going concern. The
remaining shares Of said STOCK shall be Is
sued by the board of directors as they shall
deem At and proper
All shares of stock shall be paid for in
cash, sproperty received, or labor performed
and must be fully paid for before the issu-
ance Of the certificate therefor, and shall be
II on-asseSsable.
Said stock shall be represented by stock
certificates and transferable only on the
books OF the corporation. on the surrender
OF the outstanding certificate, or due proof
Of loss.
! Before any stock can be transferred. II
/ must be first offered in writing and at its
BOOK value. to the board of directors OF
! this corporation, who shall have the option
: OF purchasing same. at the said book value
: at the time the said stock Is offered: and
! should the directors fail TO make the pur
i chase OF the said stock within fifteen (15)
Z days from the time Of offer. then the holder
J and owner OF the stock may dispose of /,
5 In the open market.
{ The said capital stock Of this corporation
e may be increased or diminished by proceed
: ngs taken IN accordance with the laws o.
e the state of Louisiana.
ARTICLE V
| The officers of this corporation shall con
e slsi or president. a vice-preSident, and ;
r secretary-treasurer-g general manager ali O
v whom together shall constitute boar,
g OF directors, two OF whom shall constitute
r quorum. for the transaction OF business
= and all corporate powers shall be vested IL
= and exercised Nv the said board of directors
The first board of directors shall consis
OIL. j. Welnfruter. Sr.. as president E. @
CreSap, as vice-president and Phil p. Cresar
V secretary-treasurer and general manager
T. said board shall serve until their successor
4 are duly elected and qualified on the secon
J. Thursday in April. 1914.
4 The said board OF directors shall be elect
o ed annually thereafter, on the second Thurs
n day OF April, OF each year, or as soon there
4 after as Possible, at a stockholders meetip
4 convened for that purpose.
$ Each share OF stock shall be entitled I
II one vote, to be cast by the stockholde-
/ either by person or proxy. the majority Q
J. the stockholders or stock present. or repre-
8 sented by proxy shall elect The annus
Z meeting for the election of the board @
: directors shall be preceded by ten (10) day
a notice mailed to each stakeholder to atten
said meeting.
ARTICLE VI.
81 The secretary-treasurer-g general manage
, shall keep a set OF books. showing the dali
: receipts and disbursements Of the funds Q
, this corporation. and shall make deposit O
In r~h han Nhak