The herald. [volume] (New Orleans, La.) 1905-1953, 1913-04-24
CHARTER
OF TIE SEMINOLE MANtFACICltlNE
GONsANY OF NEW ORLEANS.

, II no month II,
| / ord one thousand nine hundred ana tlll,
| tom and of the independence OF lhe IhIteI
| states of America, the one huhuleu a,
| thirty-seyeuth. before me- ltMLti hCT
| Janin. notary public, duiy i, ,riSh
| qualified and sworn, in and Tor salu pdI IS S
| ~ nrIeans city of New Orleans, therein
| residing, personally came ana appe3leu, nn "
| several persons whose names are ne' 80,
| subscribed, who declared tnat d'atIins -,
| Selves of the provisions OF the laws Oh thlS
| Stata relative TO the organization OF coTpoi
| atIops, they have covenanted anu asl 49,,
and by these presents do covenant anu asloII i
bind form and constitute lhelnscINeS' ao e.
| as slch person or persons as may hereAItcr
| BECOME associated with them, into corpoI
| otion and body polite in law, for the Cd
| iects and purposes and under the agree
| ments and stipulatlOns lOllO"InS' ""'
| Article 1.-The name and style OF sald
| ,ornnration shall be Seminole Manufacture
| iny Eompanv" and by that corporate name
| said corporation shall have power ana au-
| thority 10 have and enjoy succession LOT l ne
| full term and period OF ninety NM ~, Ia
| from this date: To contract, sue ana De
| sued i'm its corporate name; TO make anu
| use a corporate seal; TO hold, receive, puI-
| chase, sell, convey, mortgage, h!potnceatte .
or pledge property, both real anu peFs9 Siln ;
| 10 name and employ such managers, dlrec-
| tors officers agents, or other employees as
| the interest and convenience OF SAID corpor-
| alton may require, and TO make anu estao-
| lish such laws, rules and regulations lol .HI
I
corporation, as may be deemed necessary or
Article 1.-THE domicile of said corpor-
| alton shall be in the city OF New orleans;
| Stata of Louisiana, and all citations and
other legal process shall be served on the
| president of said corporation and IN MS aD-
| sence, upon the secretary. =.
| Article II-The objects and purposes LOT
| which this corporation Is organized, ana tne
| nature of the business TO be carried on Dy
| IL are hereby declared TO be: To buy, manu-
| facture compound and sell articles 10 re-
| fine or otherwise treat the same Oy manu-
| featuring processes; to acquire all patents,
| apparatus and rights necessary, proper ana
| useful in its business; to buy, lease, own
hold or operate, in this state or elsewhere
manufacturing plants for the purpose alore-
said and generally TO perform and do every
| thing which may he necessary or Wnlcn Is IN
cidental to the objects and purposes OF It's
business. 80,
| marathon is fixed at the sum of fifteen thou
| sand ($l5,00O.O0) dollars, represented Dy
one hundred and fifty shares OF par Value
| of one hundred dollars (SlOO.OOD each
which capital stock may be increased or de-
creased. as permitted, and provided by the
| statutes of this state; said capital stock may
| be issued for cash or for property received,
| or for services rendered.
| Article V-All of the corporate powers OF
said corporation and the control and man.
| agement Of its business shall be vested IN
| and exercised by board OF directors com
| posed of five (5) stockholders, and three 20
| Of whom shall constitute quorum Tor Dusl-
| ness The directors shall be elected annu-
ally by ballot by the stockholders at the Of
| fee of the corporation, on the hrst MONDAY
of April of each year, the first election TO
| take place In April, 1914.
| Until the election for directors TO be held
on the first Monday in April, 1914, the fol
| lowing stockholders shall constitute the
board of directors of this corporation, name
ly Needham VI. Powell, Burgess G. Adams,
Willie Z. Legendre, Richard 'Dozier and Jo-
seph Bayle. Each stakeholder shall be en-
titled in person or by proxy to one vote on
| every share of stock owned by him.
| The directors elected shall continue In
office for one year, and until their successors
are elected and qualified, and no failure to
elect shall be regarded as forfeiture OF this
charter. Any vacancy occurring on said
board of directors shall be filled by the re-
naming directors. The board of directors
at their first meeting after their election
shall elect out of their plumber president,
vice president and a secretary treasurer, the
latter OF whom may or may not be member
| of the board Of directors, and this ofhce may
be separated and held by two persons, as
the board of directors may decide, and the
board of directors shall from time to time
lappoint such officers, clerks. agents and other
employees as may be deemed necessary for
the business purpose of said corporation and
dismiss them or any OF them at pleasure
also establish and make, alter and amend
from time to time any and all bylaws and
regulations deemed necessary by them fol
the conduct and management OF the business
affairs and interest of said corporation, and
not in conflict with this charter.
No transfer of stock by a stakeholder shall
be binding on this corporation unless the
same appear on the books thereof, and un
less said stock shall have been first offered
for sale TO the board of directors of this cor
poratiOn, and they shall have refused with
in ten days from said offer to purchase said
stock at its market value.
Article VI.-This act of Incorporation may
III, -. HI,
said corporation may be dissolved with the
assent of three-fOurths OF the stock repre-
sented at the general meeting of the stock
holders convened for such purpose, after a
least ten days previous notice of such meet
ing shall have been given by notice sent by
mail TO the place of business or residence Of
such stakeholder, II the same has been lef
with the corporation; otherwise by follow
shall apply to all stockholders meetings To-
any purpose.
Article Vino stakeholder shall eve
be held liable or responsible for the con
tracts, faults, or debts Of said corporation
nor shall any mere informality in its organ
iZation have the effect of rendering thi
charter null or of exposing a stakeholder t
any liability beyond the unpaid balance du
on the shares owned by him.
| Article VILI-Whenever this CORPORATION
Is dissolved either by limitation or otherwise
Its affairs shall be liquidated under the SUI
perintendence or three commissioners from
ballot for that purpose, at general meeting
OF stockholders convened after notice a
least ten days prior to said election, to h
given as aforesaid. Said commissioners shall
remain In office until the affairs of sal,
corporation shall have been fully liauidated
. and, In case OF the death or disability of on
) or more Of said commissioners. the survive
or survivors shall appoint a successor o
successors TO said commissioner or commits
| siOners.
Article lX.-This corporation shall b
authorized to begin operations under thi
charter as soon as fifty shares Of the capita
stock OF said corporation shall have beef
subscribed. Thus done and passed in m
office on the day, month and year first abov,
written, in the presence Of Nicholas n Ed
rington and Prentice +. Darlington, Jr.. com
petent witnesses who have signed herptt
with the parties and me, notary, after read
ing the whole.
Original signed Y. VI. Powell, so shares
Burgess g. Adams, 10 shares, per pro Y. NJ
Powell; W. 7. Legendre. IL shares: Richar,
Dozier. 10 shares; Jos. Bayle. 10 shares
Prentice Z. Burlington, Jr., v X Burlington
| LAWRENCE VI. JANIN, Notary Public
| i, the undersigned recorder of mortgage
in and for the parish Of Orleans. state o.
Louisiana. do hereby certify that the abov,
and foregoing act of Incorporation of IN,
seminole Manufacturing Company'' wa,
this day duly recorded in mr. oaico -,