The herald. [volume] (New Orleans, La.) 1905-1953, 1913-08-14

/ eStS or convenience may require; from time
| TO time 10 make establish and amend such
bylaws, rules and regulations for the man
| aGement OF the affairs of the corporation
| as may be necessary or convenient and gen
| orally to have and exercise all such other
and further rights and privileges not iucOn-
SiStent with this charter are now or may
hereafter be conferred on like corporation
| by the state of Louisiana, or any other state.
! territory or country in which il may do
| business.
Article 1.-THE domicile Of this corpora
| ton shall De in the city Of New Orleans.
| state Of Louisiana. The president or in his
| absence or in case Of his disability. the vice
| president is hereby designated as the officer
/ on whom citation and other legal process
| shall De served.
| Article III-The objects and purposes Of
! this corporation and the nature OF the bust
ness 10 he carried on by II are hereby dc
! clared to be As follows To carry on the
! business Of manufacturing and making car
pets, rugs. curtains and other similar ar
| jiclrS, and cleaning, repairing, renOvating
and storing same and the cleaning Of ships,
cars. houses and other structures.
Article lN.-The capital stock Of this cor
poration shall be the sum Of twenty five
thousand dollars (S25.OO OUD, divided into
two hundred and fifty t25Ob shares Of on,
hundred dollars $500 OOI each the same
shall be paid for in cash on the acceptance
of subscriptions therefor, or in such install
m"ntS, payable al such times a the board
OF directors hereinafter established may
from time 10 time prescribe, or same may be-
issued by authority OF the said board Of
directors in payment for property or for
| labor or services actually performed for it,.
>. This corporation shall begin business
ana become going concern a. soon as
three thousand dollars $4,000 OO) of its
capital stock shall have been subscribed.
3. That portion of the authorized capital
stock of this corporation which shall not be
subscribed for by the original incOrporatOrS
shall De held in the treasury for the COrpOr-
alton until the issue thereof shall be- au-
thorized BY the board of directors and in
- ha 20
the right to SubScrib" for and take such
stock in proportion in which they at that
time hold the issued stock of the corpora
ton. provided, however, that the board Of
directors may reserve out Of said unSSucd
treasury stock not more than two thousand
dollars tS2.OoO.OUD in par value. to De sub
Scribrd for by Thomas II. Sadicr and TO be
paid for by the said Thomas u. Sadler on
such terms and conditions a the said board
may prescribe
Article v.-All the powers Of this corpor-
alton shall be vested In and exercised 10y
board of directors, composed of three stock
holders. who shall hold their offl res for the
term Of one year or until their successors are
elected.
= The election Of directors shall take
place annuallr on the second Monday Of
January. Such elections and all other elcc-
tionS under this charter shall be by ballot
The same shall be held at tn" dOmiCile Of
the corpora tiOu and in its head Office under
the supervision of a commissioner appointed
by the board Of directors. Notice OF such
person
appears bv the books 10 be a stakeholder, by
mail, at his last known address, the same
20 be posted, charges prepaid. AT least ten
days before the election and no other or
further notification therefor need b.. given
If the address OF any stakeholder be not
known, II shall be sufficient to deposit the
notice in the post office, addressed general
Delivery New Orleans. la"
:. Any vacancy occurring among the di-
rectorS or officers shall be filled up BY the
board Of directors for the remainder Of the
term then running Failure to elect direc-
tors on the day above appointed shall not
dissolve the board Of directors nor the cor
pOratiOn, but the directors and other Off
GERS Heretofore elected shall remain in Of
flee until their successors shall be elected.
1. The first board of directors shall be
composed of Clarence o. Sheriff.. Thomas
u. Sadler and Stella III. Sadlcr. of whom
Thomas II. Sader shall be president. Stella
II. Sadler. viCe-preSident and Thomas d.
Sadler, secrctary-treasurer. and they shall
hold Office until the annual meeting OF 1914
or until their successors shall be elected
The board shall elect one OF their number To
be general manager Of the corporation. The
term of said Officeds shall be the same as
that Of the board electing them and their
powers and duties shall be such as are ap-
prOpriate TO their several offices or such as
may be prescribed by the bylaws or reso-
lutiOns OF the board. Provided. that at any
meeting OF the stockholders. the stOckholi-
erS by vote Of at least Il maiOrity Of all
the outstanding stock may recall said board
and officers and replace them by others then
elected
.. The said board shall have plenary
power to make and from time TO time amend
bylaws. rules and regulations for the con-
duct OF the affairs OF the corporation and
generally to have all such powers as NAV
De reasonably necessary or convenient for
the transaction Of the business of the cor
pOratiOn and for effecting the objects and
purposes Of the same
Article VIA stakeholder or stockhold-
ers owning at least ten shares OF stock sha
a pial rnAa fpfv Of
stockholders at any time on giving notice
thereof as provided in Article V, but no
business shall be transacted at such meeting
except such as may be indicated In said no
tice.
Article VII.-This charter may be amend
ed or the said corporation dissolved at any
time, with the assent Of three-fourths OF
the capital stock thereof, represented at a
general meeting of the stockholders, con-
vened after notice thereof, given as pre-
scrloed In Article V and stating the purpose
OF said meeting.
2. The capital stock OF this corporation
may be increased or decreased in accordance
with the laws of the state now in effect or
which may hereafter be enacted
Article VIII.-Whenever this corporation
snail be dissolved either by limitation or 9th
erwiSe, Its affairs shall be liquidated and
wound up by three commissioners who shall
be elected from among the stockholders at
general meeting convened for that pur.
pose, notice Of which shall be given as pro-
ylded in Article V. Any vacancy among
them shall be filled up by the survivors or
survivor
Article IX.-No stockholders shall ever
De heId liable or responsible for the debts
and faults Of this corporation In any fur
Their sum than the unpaid balance, II any,
due by him to the corporation on the shares
or the stock owned by him. nor shall any
mere informality in organization have the
effect OF rendering this charter null or of px-
posing any stakeholder to any liability be
yond the unpaid balance remaining due on
his stock.
Article X.-The said appearers hereby de
clare that In order to organize this corpOr-
alton and TO serve and stand as the original
subscription list thereof, they do each of
shares OF the capital stock thereof written
by their hands after their respective names.
, In faith whereof, the said appearers have
hereunto set their hands, with me. said no
tary, and George T.. LOds and Irene q. Pen
dergast, competent witnesses, here residing
at my notarial Office in the city of New Or
leans, on the day, month and year herein
hrst above written, after reading of the
whole.
(Names of SignersD
witnesses George E. Lods, Irene q. Pen
dergast.
NJ. NJ. BOATNER. Notary Public.
|, the undersigned recorder of mortgages
IN ana Tor the parish of Orleans state of |
louisiana. do hereby certify that the above
ana foregoing act of Incorporation of the
sanitary Carpet Cleaning Company was this
day duly recorded in my Office in book loss.
1910 40. New Orleans, La, Aug. /. 1913.
EMILE j. LEONARD, ID. r.
true copy of the original act
VI. NJ BOATNER. Notary puhI,c
aug Il 81 % sent 4 II