The herald., 1914-05-14
CHARTER



PANY, INCORPORATED.
United States of America. State IT Louisiana,
Parish Of Orleans, City Of New Orleans.
BE il known. that on TN, twenty eighth day
~ the month Of April, !n the year III our
Lord. one thousand, nine hundred and four
Teen. and Of the independence Of the United
States OF America, the one huudrcd and thlr-
ty-eiahth, before me. GUstayc Joseph HCau,
"a notary public, Tor the Parish OF Orleans.
and Iu the presence of the Witnesses herein
after named and UNDERSIGNED, personally
came and appeared, nh, several person, whose
names are htrvuuin subscribed, who Suvcrally
declared, that aNa'Iiug themselves II the laws
II the State 81 Louisiana. IN such case, made
and provided. they have cuycuautcd, contract
el, agreed and bound themselves and do by
these presents covenant. contract agree and
bind themselves, as well as all such persons
a- may hereafter become associated with them,
% form thcu~elyr, into and constitute cor
ppraiIon and body polite IN law Tor the Obj
Jccr. and purposes and under the articles and
e'rpula''uuS following. to-wIt:
Article The name and title Of thlS cor
poratrou shall be STANDARD Manufacturing
Company. Incorporated. which may be dLbgc-
waited INTO Standard Mig. Co., Inc.
The place chosen for it, dowcIlc j. the City
III New Orleans, State OF Louisiana.
Article 1.-THE objects and purposes for
which TIN, corporation Is established and the
nature Of the business to be carried on by II
are hereby declared To- be. 10 manufacture
cleaning and polishing materials OF every
kind aud description and other articles OF
utility, 10 have and enjoy succession by its
corporate name for period OF ulucty-uIne
y"t years from and after the date Of this act;
u contract, sue and be sued under ITS cor
p"Taic name, 10 make and use corporate
seal and the same to break. alter and amend
at rs pleasure, 20 lease, hold, receive pur-
chase and convey under ITS corporate name,
property, both real and personal either in this
Stale or elsewhere, and To mortgage, sell,
lease, exchange, pledge or otherwise acquire
or dispose Of same, 20 name and appoint such
managers. directors and officers as It's inter
est and convenience may require; 70 make and
establish such bylaws. rules and regulations
for the proper management and regulation Of
ITS affairs as may be necessary and proper; to
borrow from time 10 time such sums OF money
may be required for construction. repairs.
or acquisition OF property or franchises and
Tor this purpose may issue bonds other OBJ
legations secured by mortgage or pledge, as
the case NAV be. Of the franchises and all the
properties real and personal and incomes,
revenues, contributions and receipts and pdya-
bic IN such terms and al such times and
places aS the Board OF Directors, Trustees and
Managers Of commissioners may direct
designate, with power to sell, pledge or other
wise dispose OF said bonds, on such terms
as tins corporation may direct deem eX-
pedlent; to amalgdmdte. unite and consolidate
win other manufacturing corporations or COM
panlcS 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.
privileges, powers, franchises and property be-
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-
ter 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 or elsewhere, as
may be necessary, convenient, or deemed
proper for the prosecution of its business; and
httEf
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 stock
Of this corporation is hereby fixed at the
sum of forty thousand dollars, divided into
tour hundred shares OF preferred stock and
four hundred shares of common stock, of the
par value 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, may be issued at not
less than par for property actually received or
purchased by IT, or for services actually rend-
cred TO SAID corporation, provided that no frac-
tlonal shares shall ever be issued. Both the
common and preferred stock are absolutely
non asseSsible 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, nOn-voting, and bear div
ldends at the rate of seven per cent per an
mum, payable semi-annually, on the first days
OF January and July in each year, and failure
to pay the seven per cent dividends on the
preferred stock for three years, shall give the
holder or holders thereof the right TO liquidate
the corporation. The holders of the preferred
stock shall not participate in the management
OF the affairs of the corporation and all the
voting power is hereby vested in the common
stock
This corporation shall commence business
and be going concern soon as five thous-
and dollars (S5O0O,0O) of the comon stock shall
have been subscribed for.
Article IN.-All the powers of this corpora.
ton shall be vested in and exercised BY a
Board of Directors composed of four stock
holders, each of whom shall own at least
twenty-five shares of common stock in his own
name, said Board of Directors shall be elect
ed by the stockholders annually by ballot
on the third Monday in January of each year
beginning with the year 1916, or on any sub
sequent date fixed by the Board of Directors
IN case no election takes place on said date
aften ten days notice Thereof shall have been
given to each stakeholder by written notice