The herald. [volume] (New Orleans, La.) 1905-1953, 1914-05-28
CHAR TER


I
PANN. INCORPORATED.
/ United States of America, State OF Louisiana.
Parish of Orleans, City of New Orleans.
BE IL known. that on this twrntv-eighth dav
~ the month of April. m the year Of our
Lord. one thousand. nine hundred and four
teen, and OF the Independence OF the United
States Of America. the one hundred and thr-
ty-elghth. before me, Gustaye Joseph RCau,
4 notary public, for the Parish of Orleans.
and in the presence Of the witnesses herein
after named and undersigned, personally
came and appeared. the several persons whose
! names are hcrcUut0 subscribed, Who Scverally
declared, that aydIling themselves Of the laws
OF the State OF Louisiana, IN such cases made
and provided, they have COvenautcd. contract
ed, agreed and bound themselves and do by
these presents covenant, contract agree and
bind themselves, as well as all such persons
as may hereafter become associated with them.
to form themselves into and constitute a cor
poratIOn and body polite in law for the OBJ
Jects and purposes and under the articles and
,tpulatIOuS following tu-wit:
Article The name and title Of this cor
poration shall bc Standard Manufacturing
Company, Incorporated. which may be abbrc-
waited into Standard Mig Co.. Inc.
The place chosen for its domiCle IS the City
OF New Orleans, State Of Louisiana.
Article 1.-The objects and purposes for
which tins corporation l. established and the
nature Of the business to be carried on by II
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 Tor q period OF nIncty-uiue
I@JJ years from and after the date OF this act;
to contract sue and be sued under its cor
p"rate name; TO make and use corporate
seal, and the same TO break, alter and amend
at ITS pleasure; to lease, hold, receive pur-
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 as its inter
- 4 I
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
as may be required for construction, repairs,
or acquisition OF property franchises and
tor this purpose may issue bonds or other OBJ
legations secured by mortgage or pledge, as
the 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 or other
wise dispose OF said bonds on such terms
as this corporation may direct or deem ex-
pedlent; 10 amalgamatc, unite and consolidate
WIN other manufacturing corporations 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
privileges, powers, franchises and property be-
longing to each and under such corporate
name as they may adopt 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, deemed
proper for the prosecution of its business; and
hfts
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
ArticleIII.-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
tour 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, or may be issued al not
less than par for property actually received or
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 assesSlble. In case of the dissolution |
ot 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
dends at the rate of seven per cent per an
num- payable semi annually, on the first days
Of January and July in each year, and failure
10 pay the seven per cent dividends on the