The herald. [volume] (New Orleans, La.) 1905-1953, 1913-06-26
CHARTER OF d. G. BUTTS SPECIALITY
COMPANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF Or
LEANS.

| LEANS
Be it known, that on this fourteenth day
of May, in the year of our Lord one thou
sand nine hundred and thirteen, before me
the parish of Orleans, state of Louisiana
duly commissioned, sworn, and qualified, and
| in the presence of the witnesses hereinafter
named and undersigned, personally came and
appeared: the several persons whose names
are hereuntO subscribed, all of the age OF
majority, who declared that, availing them
selves of the provisions of the laws of this
state relative to the organization of corpo
rations, thew hereby form themselves int
and constitute corporation for the object;
and purposes, and under the stipulations
hereinafter set forth.
| ARTICLE 1.-The name and title OF thi:
| corporation shall be ID. G.. BUTTS SPECIAL
TY COMPANY, and by that name it shall
enjoy succession for the term of 90 years
from the date hereof, unless sooner dissolv
ed. 1t shall have power to sue and be sued
to borrow money, hold, purchase, lease, sci
and hypothecate real and personal property
to make and use corporate seal; to name
and appoint directors, managers and agents
and to establish such bylaws, rules and reg
ulations for the management of the bushes:
and affairs of said corporation as may bt
necessary, the same to alter at pleasure
also to make and issue bonds and other evi
dence Of debt, and to secure same by mort
gage or otherwise.
ARTICLE 1.-THE domicile of this cor
poration shall be in the city of New Or
|
cess shall be served on the president or, In
his absence, on the vice-president.
| ARTICLE l1l.-The objects and purposes
of this corporation are to acquire by pur
chase or otherwise United States and foreign
letters patent for any and all kinds of no
velties. To manufacture, use and sell such
novelties made under said patents, and t.
grant licenses to manufacture and sell under
this company. To experiment upon and test
the value or validity of any patent right
the company may acquire or proposes t.
necessary and incident to the character OF
the business TO be conducted by this corpo
ration.
ARTICLE Iv.-(a) The capital stock OF
this corporation shall be twenty thousand
dollars (s20,OO0l. to be divided into two
hundred shares (200) of the par value OF
one hundred dollars (s100) per share. One
hundred shares shall be preferred, and the
other hundred shares shall be common stock
The corporation shall be a going concern as
soon as one hundred shares OF the stock
common or preferred, shall have been sub
scribed for.
Oh All stock shall be paid for in cash OF
| its equivalent.
(cJ The holders Of preferred stock shall
be entitled to cumulative dividend Of si1
all surplus or net profits, at such times as
the directors may fix.
(d After the dividend provided for In
the preceding paragraph Is fully paid, a
annum shall be paid on the common stock.
(e) When the dividend provided for In
the preceding paragraph Is paid, all Other
profits shall be shared alike between the
| preferred and common stock.
81 No stock shall be transferred except
upon the books of the company, and nc
stakeholder shall be liable for any contracts
| or faults Of this corporation, in any further
sum than the unpaid balance on his respect
| i've shares.
ARTICLE Val All the powers Of thi.
corporation shall be vested in a board of d.
rectors composed of three directors, two OF
whom shall constitute a quorum for thu
transaction of business. They shall elect
| from their number a president, vice-presi
dent and OBSERVATION-DISCLOSURES.
(b) The first board Of directors shall con
sist Of d. G. Butts. J. ID. Tschopik and c
Edmund Kells, with d. G. Butts as presi
dent and manager, c. Edmund Kells as vice
president, and ]. ID. Tschopik as secretary
| treasurer.
(c) They shall hold their office until the
second Monday In January, 1915, or unit