The herald. [volume] (New Orleans, La.) 1905-1953, 1914-06-25
CHAR
OF JOSEPH PETRIE 4 COMPANY,
LIMITED

| thousand nine hundred and fourteen, before
me- John /. a. Hebel, a notary public, IN and
| Tor the city Of New Orleans, parish OF Or
leans, and State OF LOUISIANA, therein resld
| ing, duly commissioned md quallned, 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 full age
OF majority and residing IN the city Of New
| Orleans parish OF Orleans and State OF Lou
iSIana, who declared that, avaIlIng themselves
OF the provisions Of the laws Oi thIs state
| relative to the organization OF corporations,
| they hereby form themselves into and organ
| Ize a corporation for the objects and purposes
and under the stpulations hereinafter set
forth, tO-wIt:
| Article 1.-The name and title of this cor
poration shall be JOSEPH PETRlE q COM
| PANH, LIMITED, and by that name IT shall
have and enjoy succession for a term Of nine
| ty-nIne years from the date hereof, unless
| soon dissolved 1t shall have power to sue
and be sued; to borrow money; hold, purchase,
| lease, sell and hypothecate real and personal
property IN the State OF LOUISIANA or else
where; to make and US. corporate seal; to
name and appoint directors, managers and
agents, and to establish such bylaws, rules
and regulations for the management OF the
| business and affairs of said corporation as
may be necessary, the same to alter at pleas
ure; also to make and ISSUE bonds or other
| evidences Of debt and to secure the same by
mortgage and otherwise.
Article 1.-THE domicile OF this corporation
| shall be in the city of New Orleans, parish
! Of Orleans and State of Louisiana. The presl-
| dent of this corporation, or IN his absence the
whom all legal process shall be served.
Article lIl.-The objects and purposes for
which this corporation IS organized and es-
tablISh and the nature OF the business to be
carried on by il are hereby declared to be:
The contracting and dealing in sanitary
plumbing, sewerage and gas installations and
steam, hot water and gas fitting, with right
to deal in water heaters, gas and IncandeS-
cent burners, stoves and ranges, and all other
articles connected with or necessary for the
plumbing, gas or steam fitting and gas nix
ture business; also to make all contracts for
| the repair and maintenance of all the above
| fixtures and appliances.
| Article IV.-The capital stock of this cor.
poration is hereby declared TO be five thou
] sand dollars 5000, divided into fifty shares
| of hundred dollars $500 each, which
| stock shall be payable in cash its equiva-
lent at the time of subscription, or may be
issued at not less than par in payment of
property, real or personal, rights, credits or
| any business, including stock in trade, open
| accounts and the good will thereof, etc, act
! ually purchased by or for services actually
| rendered to this corporation.
All shares of stock shall be full paid and
| non assessibe. This corporation shall become
a going concern and be authorized TO do bust
ness as soon as four thousand dollars $4,000
| of the capital stock shall have been sub
| scribed for.
And stockholders wishing to sell his or her
stock must offer the same in writing to the
other stockholders through the board of direc-
tors at price not exceeding the book value
| thereof, and they shall have ten days in
which to accept or decline such offer; and
should such stakeholder have an opportunity
| OF diSposing of his or her stock at a less
price than that at which 1t was offered to
the board, he or she must first again offer
said stock to the remaining stockholders at
such reduced price and under the same son
ditons as above prescribed. Should Said
stockholder make any sale in violation of
this clause the same shall be null and void.
The shares of stock of this corporation
shall be transferable on the books of this
corporation only, and no transfer shall be
binding on the corporation have any
effect unless and until made upon said books
and the prior lien on all -nares of stock shall
be retained by this corporation on the stock
Of any shareholder for any Indebtedness. Sc
cured or unsecured, however evidenced or Gre
the holder Of the said stock, and all trans
fers of stock shall be made subject to these
conditions.
Article V.-All the powers of this corpora
ton shall be vested in, and the management
and control of its affairs shall be exercised
by, a board of directors, to be composed Of
three stockholders, any two of whom shall
constitute quorum, for the transaction OF
business of this corporation. The first board
of directors shall be composed of Joseph Pc
trie, John J. Modenbach and Louis n Reiser.
The officers of the first board of directors
shall be Joseph Petrie, president; John ]. Mo-
y. r,
secretary-treasurer Said board of directors
and officers shall serve and remain in office
until the second Tuesday in July, 1915, and on
whcih date annually thereafter the board Of
directors shall be elected by the stockholders
at meeting called for that purpose. All
directors and officers shall hold office until
their successors are elected and qualified, and
any failure to elect directors shall not be re-
garded as a forfeiture of this charter.
In the election Of directors each stakeholder
shall be entitled to one vote for each share
of stock held by him or her, which must be
cast either IN person or by duly authorized
proxy, and the majority Of votes cast shall
elect. Any vacancy occurring IN the board
of directors may be filed by the remaining
directors for the unexpired term. At the hrst
meeting of the board of directors after their
election and qualification they shall elect
from among their number a president, vice
president and secretary-treasurer.
Article NI.-All the meetings Of the stock
holders shall be called by written notice
mailed to the last known address of each
stocbkholder not less than thirty DAYS before
the date fixed for such meeting, unless said
notice has been waived in writing by the
stockholders.
be amended, changed altered, or this cor
poration may be dissolved with the assent Of
the stockholders holding and owning three
fourths of the capital stock thereof, who may
be present or represented at a general meet
ing Of the stockholders convened for that pur-
pose. and of which due notice has been
given.
Whenever this corporation shall be dis
solved either by limitation from any other
cause, its affairs shall be liqudated by three
commissioners, 10 be appointed for that pur-
pose from among the stockholders at a meet
ing of the stockholders convened for that pur-
pose; said commissioners shall remain in office
until the affairs of said corporation shall be
fully and finally liquidated. Any vacancy
occurring among the liquidators from any
cause whatever shall be filled by the remain
ing commissioners.
Article VIII.-No stakeholder shall ever be
shall be filled by the remaining members
faults of this corporation N any further sum
than the unpaid balance due by him or her
on the shares of stock subscribed to or owned
by him or her; nor shall any mere informality
in the organization of this corporation have
the effect of rendering this charter null or
of exposing the stockholders TO any further
liability than the unpaid amount which may
be due on his or her stock Subscription.
Thus done and passed in my office on the
day, month and year first above written, in
the presence of Charles F. Patterson and
Nicholas 6. Jovanovich. competent witnesses.
who have signed with the appearers and me,