The herald., 1914-07-16
CHARTER
OF JOSEPH PETRIE Il COMPANY,
TNIs,En

T.r;,sd States Of America State of Louisiana,
Parish Of Orleans, City OF New Orleans
dav of the month of June, in the year one
thousand nine hundred and fourteen, before
me- John I. A. Hebel, notary pubhe' IN ana
for the city Of New Orleans, parish OF Or
| leans, and State of Louisiana, therein resid.
| ing. duly commissioned md quaIlhed, 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 tull 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 OF this state
| relative to the organization OF corporations,
| they hereby form themselves into and organ
ize corporation for the ooJects and purposes
| and under the stipulatlons hereinafter SET
| Article 1.-The name and title of this cor
| poration shall lie JOSEPH PETRIE & COM
| PANY, LIMITED, and by that name It shall
have and enjoy succession for term OF nine
ty-nine years from the date hereof. unless
| and be sued; TO borrow money; hold, purchase,
lease sell and hypothecate real and personal
property in the State OF Louisiana or else
| where; 10 make and u.s. 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
| Article 1.-THE domcie Of this corporation
| shall be in the city of New Orleans, parish
of Orleans and State of Louisiana. The presi.
dent Of this corporation, or in his absence the
secretary-treasurer. shall be the persons on
whom all legal process shall be served.
Article I1I.-The objects and purposes for
which this corporation is organized and es
tabish and the nature of the business to be
carried by it are hereby declared 10 be-:
The contracting and dealing IN sanitary
plumbing, sewerage and gas installations and
/ oil sr,pplieS and fUt therefor.
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 fix
ture bus mess; also TO make all contracts Tor
the repair and maintenance Of all the above
Article IV.-The capital stock of this cor
poratiOn is hereby declared to be five thou
sand dollars 5000, divided into fifty shares
of one hundred dollars $500 each, which
stock shall be payable in cash or 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
uallv purchased by or for services actually
, rendered to this corporation.
| All shares of stock shall be full paid and
: worcestershire. This corporation shall become
a going concern and be authorized to do busi.
ness as four thousand dollars $4,000
OF the capital stock shall have been sub
| scribcd for.
And stockholders wishing to sell his or her
| stock must offer the same in writing to the
other stockholders through the board Of drec.
tors at a 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 her stock at less
price than that at which 1t was offered tc
the board he or she must first again Offer
said stock TO the remaining stockholders al
such reduced price and under the same con
. ditions as above prescribed: Should said
' Stockholder make any, sale in violation .ot
this clause the same shall be null and void
y The shares of stock of this corporation
d shall be transferable on The books of thi.
d corporation only, and no transfer shall be
4 binding on the corporation or have any
!, effect unless and until made upon said books
y and the prior lien on all .nares of stock shall
{ be retained by this corporation on the stocl
! of any shareholder for any Indebtedness, Sc
s cured or unsecured however evidenced or ere
l. ated. due at any time TO the corporation b,
5 the holder Of the said stock. and all trans
/ fers Of stock shall be made subject to thes,
# Article V.-Ar the powers Of this corpora
Il tion shall be vested in, and the management
!, and control Of its affairs shall be exerciseC
l. by. a board of directors, 10 be composed O
d three stockholders, any two of whom shall
Z constitute a Quorum. for the transaction o
u business OF this corporation. The first boar,
e of directors shall be composed of Joseph Pc
e trie, John !. Modenbach and Louis " Reiser
d The officers of the first board of director
ID shall be Joseph PetTie, president; John J. Mo
NSh'aNii' WV -PiNoiuCiIl' diu LOUIS ~. hClSt1
n secretary-treasurer. Said board of director
l. and officers shall serve and remain in ofic
n until the second Tuesday in July, 1915. and OF
: whcih date annually thereafter the board o
I, directors shall be elected by the stakeholder
n at a meeting called for that purpose AL
!, directors and officers shall hold Office unit
=, their successors are elected and qualified. an
!. any failure to elect directors shall not be re
d garded as forfeiture of this charter.
l. In the election Of directors each stockholde
= shall be entitled 10 one vote for each shar
IS of stock held by him or her. which must b
l. cast either in person or by duly authorize
j. proxy, and the majority Of votes cast shal
g elect: Any vacancy occurring in the boar
Of directors may be fled by the remainin
l. directors for the unexpired term. At the frs
e meeting of the board of directors after thei
e election and qualification they shall elec
:, from among their number a president vice
president and secretary-treasurer.
" Article VI.-All the meetings of the stock