The herald. [volume] (New Orleans, La.) 1905-1953, 1914-06-04
CH AR TER
OF STANDARD MANUFACTURING COM
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OF STANDARD MANJFACTURING COM
PANY, INCORPORATED.
Justci States Of America, State OF Louisiana,
Parish Of Orleans. City Of New Orleans.
BE It known, that on this twenty ghth day
u the month OF April IN the year Of our
Lord. ore thousand, nine hundred and four.
trru and II the Independence OF the United
States Of America, the one hundred and thIr-
ty-rIghlh, before me, GUstaye Joseph RIcau,
q notary public, for the Parish Of Orleans,
and IN the presence Of the witnesses herein
came and appeared, the several persons whose
names are hercuutp subscribed who scyerally
declared. that avaIllrg themselves Of the laws
pf the State OF Louisiana, III such cases made
ard provided, they have covcuautcd, contract
cd. agreed and bound themselves and do by
these presents covenant. contract agree and
as may hereafter become associated with them,
To form themselves into and constitute a cor
Poration and body polite in law for the OBJ
JcctS and purposes and under the articles and
supulatIons following, to-wIt:
Article The name and title OF this cor
poratIon shall be Standard Manufacturing
Company, incorporated, which may be abbre-
waited into Standard Mig. Co., Inc.
The place chosen for its domicile is the City
Of New Orleans, State of Louisiana.
Article 1.-THE objects and purposes for
which this corporation Is established and the
nature Of the business to be carried on bv il
are hereby declared TO be: to manufacture
cleaning and polishing materials OF every
kind and description and other articles OF
utility, to have and enjoy succession by its
corporate name for a period OF ninety nine
(g9D years from and after the date OF this act !;
to contract, sue and be sued under its cor
pOrate name; TO make and a corporate
seal, and the same 10 break, alter and amend
At its pleasure; to lease, hold receive puT
chase and convey under its corporate name,
property, both real and personal, either in this
State or elsewhere, and to mortgage, sell,
lease, exchange, pledge or otherwise acquire
or dispose Of same; TO name and appoint such
managers, directors and officers its inter
est and convenience may require; to make and
establish such bylaws, rules and regulations
Tor the proper management and regulation of
its affairs as may be necessary and proper; to
borrow from time to time such sums OF money
may be required for construction, repairs,
or acquisition OF property or franchises and
tor tins purpose may issue bonds or other OBJ
legations secured by mortgage or pledge, as
the case may be, OF the franchises and all the
properties real and personal and incomes,
revenues, contributions and receipts and paya-
bic in such terms and at such times and
places as the Board OF Directors, Trustees and
Managers Of Commissioners may direct or
designate, with power to sell, pledge other
wise dispose OF said bonds, on such terms
as this corporation may direct or deem ex-
pcdent; TO amalgamate, unite and consolidate
with other manufacturing corporations or COM
panles now or hereafter existing under gene
raj or special law, or otherwise, whose OBJ
JeCtS and business are in general OF the same
nature, and form thereby one consolidated
company, holding and enjoying all the rights,
longing to each, and under such corporate
name as they may adopt or agree upon; to
borrow money, issue notes and obligations
to issue bonds of the corporation secured by
real estate or otherwise; to compromise or re-
fer any matter to arbitration and to make
transactions in matters OF litigation, to con-
duct, maintain and operate manufacturing
plants, offices, branch offices, and other estab-
lishments either in this State elsewhere, as
may be necessary, convenient, or deemed
proper for the prosecution OF its business; and
generally to carry on any lawful BUSH
ness or enterprise not inconsistent with the
constitutions and laws of this state and of
the United States, and to do and perform all
that may be lawful for the carrying out of its
objects and purposes.
Citations may be served on the President,
or in his absence, on any other officer Of the
corporation.
ArtcleIII.-The amount of the capital stool;
of this corporation is hereby fixed at the
sum OF forty thousand dollars, divided into
four hundred shares of preferred stock and
four hundred shares OF common stock, of the
par alue Of fifty dollars $4,000 each. The
time when and the manner in which payment
of the stock subscribed shall be made are as
follows: The stock shall be paid for in cash
when subscribed for, or may be issued at not
less than par for property actually received or
purchased by It, or Tor services actually rend.
cred to said corporation, provided that no frac-
tIonal shares shall ever be issued. Both the
common and preferred stock are absolutely
non accessible. In case of the dissolution
of this corporation either by limitation or
otherwise. the preferred stock shall be paid
at par only, in full, before the common stock
shall be entitled to participate in the as
sets to be distributed, and the residue left
after paying the preferred stock at par only,
shall be ratably distributed among the COM
mon stock outstanding. The preferred stock
shall also be preferred as to earnings and
shall be cumulative, voting, and bear div
idends at the rate of seven per cent per an
mum, payable semi-annually, on the first day!
| OF January and July in each year, and failure
to pay the seven per cent dividends on ths