The herald. [volume] (New Orleans, La.) 1905-1953, 1913-12-11

.r~~uT~ AMI assigns, into corporation Hha
body polite in law, 'or the objects ana o..
bosses and under the articles and stipuiltiuu>
hereinafter ~,T forth and expressed and I'M
der the following terms and conditions, To-
ARTICLE 1.-The name and style Of this
corporation shall he THE MOODG-COLE
COMPANY" ana under that name IL shall
have and enjoy corporate existence and sue
cr>>iyu for period Of ninety nine years,
from and after date hereof, unless sooner
dissolved in the manner hereinafter prOyid-
cd. 10 contract, sue and be sued; 10 hold.
receive. purchase and convey, as well as
mortgage. hypotheCatc and pledge property,
both real and personal; TO issue negotiable
bonds and notes 10 name and appoint such
managers, directors, officers, and agents and
other employees as its interests may require
and TO make and use a corporate SEAL and
the same to alter aud change at pleasure
and To make and establish such bylaws,
rules and regulations for the proper manage
ment and control of the affairs of the said
corporation as may be necessary and proper
and the same TO alter and amend at pleas
ure.
ARTICLE 1.-THE domicile of this corpo-
ration shall be in the city of New Orleans,
parish of Orleans, and 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
disability 10 act, upon the ce-preSident, or
the secretary treasurer.
ARTICLE III.-The purpose for which
this corporation is formed, and the nature Of
the business 10 be- carried on by II are hereby
declared to be 10 manufacture and sell as
bestoS and all rubber goods or compositions
including asbestos or rubber: and for the
selling and dispOsing Of the same TO manu-
facture and otherwise prepare asbestos roof
ing TO manufacture all kinds of roofing, and
TO deal therein: to construct, adjust and
place the same on buildings, and structures,
and TO make and deal in all kinds of asbestos
goods, fibre and fabrics.
To deal in all kinds Of automobile supplies
especially rubber tires and castings etc. and
kinds nf
paints necessary in the roofing business as
well as TO have the right to buy, SELL either
Jon consignment or commission, any and all
articles necessary to carry on the above bus
mess; and 10 do all and any other kind Of
business and any act or thing that may be
necessary TO carry out the objects and pur-
poses OF the said corporation.
ARTICLE IN.-The capital stock of this
corporation is hereby fixed at the sum of ten
thousand (Sl0,0OO) d0Tiars 10 be represent
ed by one hundred shares at the par value
Of one hundred dollars $1,000 each; and
three thousand dollars $4,000 of the said
capital stock must be subscribed and paid in
cash before the company can organize and
become a 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 performed,
and must be fully paid before the issuance
of the certificate therefor. and shall be non
aSSeSSable
certificates, transferable only on the books
Of the company, on the surrender Of the out
standing 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 the
company, who shall have the option Of pur-
chasing same at the said book value at the
time the said stock Is offered and should
the directors fail to make purchase Of said
stock within sixty days from the time OF Of
Ter, then the holder and owner Of the stock
may dispose Of 1t in the open market.
The said capital stock may be Increased
or diminished by proceedings taken in ac-
cordance with the laws Of the state Of Lou
iSiana.
ARTICLE V-The officers OF this corpo-
ration shall consist Of a president. a vice
president and a secretary-treasurer, all Of
whom shall together constitute a board OF
directors. two OF whom shall constitute
quorum for the transaction Of business; and
all corporate powers shall be vested in and
exercised by this board OF directors. The
first board Of directors shall consist Of Lyons
g. Moody as president and general manager
and Raston ). Cole as vice-presldent and
Lyle Saxon as secretarytreaSureT; who shall
serve until their successors are duly elected
and qualified on the second Tuesday in July,
1914.
The said board OF directors shall be elect
ed annually thereafter on the second Tuesday
In July OF each year, or as soon thereafter
as possible. at a stockholders meeting con
yened for that purpose.
Each share Of stock shall be entitled 10
one vote, TO he cast by the stockholders
either in person or by proxy. The majority
Of the stock present or represented by proxy
shall elect The annual meeting for the cleo
ton of the board Of directors shall be pre-
ceeded by ten 10) days notice, mailed 70
each stakeholder to attend said meeting.
ARTICLE Vino stakeholder shall ever
he liable or responsible for the contracts or
faults Of this corporation, nor, shall any
mere infOrmality In the organization have
the effect OF rendering this charter null. or
Of exposing a stakeholder 70 any liability,
beyond the amount due on his capital stock.
ARTICLE NII.-This act OF Incorporation
NAV be changed. altered or modified, or the
corporation may be dissolved. with the assent
Of three fOurths Of the stock represented. AZ
a special meeting called for that purpose,
after It's objects have been made known by
ten (IOD DAYS previous notice IN writing.
delivered or mailed TO each stOckhOlder. and
uDOn complying with the laws OF the state
Of Louisiana.
Whenever the corporation Il dissolved. It's
affairs shall We liduldated by two commits
Sioners appointed from the stockholders by
the board OF directors
Thus done and passed in nv Office In the
| city Of New Orleans. Louisiana. on the daY
month and year first above written, In the