The herald., 1914-12-17
CHART TER
OF MENGE MARINE HARDWARE AND
SUPPLY COMPANY

SUPPLY COMPANY
United States OF America, State OF Louisiana,
Parish Of Orleans, City of New Orleans.
he 1t known. That on the 10th day of the
month OF DcCcmbc- IN the year Of our Lord
One Thousand Nine Hundred and Fourteen
and OF the Independence OF the United States
OF America the One Hundred and Thirty
NTH, Before me. George Janvicr, Notary
Public. duly misSIoued and qualified ~
and Tor the city OF New Orleans, and par
lsh OF Orleans, therein residing, and in the
presence Of the witnesses hereinafter named
and undersigned
Personally came and appeared. The several
persons whose names are hcrcuuto subscribed
who scvcrally declare that, availlug them
selves OF the laws Of the State OF Louisiana
IN such cases mad, and provided. they have
covenanted and agreed and do 10y these pres.
rutS covenant and agree and bind themselves
as well A. all such persons As may hereafter
become associated with them. to form cor
poratIon for the objects and purposes and
under the articles and stipulations following
to-wit:
Article The name Of this corporation shall
Ice the Mruge Marine Hardware q Supply Com
pany, Inc, and under its SAID corporate name
II shall have power and authority ~ have and
ENJOY corporate existence and succession tG1
the full term and period Of ninety nine years
from and after the date hereof; To- contract,
to and he sued, to make and to use cor.
poTate seal and the same To alter aud break
AT pleasure, to hold, receive. lease. purchase
and convey, as well as mortgage and hypothe
porcal and IncOrI~ al, to name and appoint
such managers, ag' y, directors and officers
a. its business in -.- and convenience may
require. and to maxi md establish, as well
as alter and amend .,om time to time. such
by laws, rules and regulations for the proper
government OF the affairs Of said corporation
as may be necessary and proper.
Article 1.-The domicile of this corporation
shall be in the City Of New Orleans, State Of
Louisiana. and all citations or other legal
process shall be served upon the President
Of said corporation, or in the event OF his alb
sruCc, upon the Vice President thereof and
IN the absence Of both Of said Officers, upon
the Secretary Of said corporation.
Article llI.-Ihc objects and purposes for
which this corporation - organized and cstab-
lIshcd and the nature OF the business 10 be
carried on By IL are hereby declared 10 be
TO engage in a general furnishing and supply
business. principal and as agent. IN hard
ware, Ship-Chandlery, paint, railway, mill sup
Plies and IN connection herewith 10 engage
in general business. at wholesale and retail,
in all lines OF hardware and supplies for paint
ers, mills, railways, ships and things OF that
nature, and To carry on the business OF SAID
corporation III Louisiana and IN all the States
of the United States and IN foreign coun-
tries; and generally to do and perform all
things pertinent and incident and which may
be proper and necessary to carry out and exc.
cute the objects and purposes Of this corpOr-
alton.
Article IV.-The capital stock of this cor
pOratIun Is hereby fixed at the sum Of Twenty
Thousand Dollars (S.1,tpDUDl, divided into and
represented by Two Hundred Shares ClOOD OF
the par value Of one hundred dollars $4,000
each Said stock shall be paid for IN cash or
in such installments and at such time and
after such notice to subscribers as the Board
Of Directors may fix, or same may he issued
at not less than par for labor done or services
performed for said corporation OF for property
or rights actually received by said corpora
ton.
Ten Thousand Dollars 100000 of the cap
tal stock has been subscribed to the corpora
ton at the time OF the passing Of this act OF
Incorporation and this corporation shall be
come going concern and shall be authorized
To commence business as soon as FIVE Thou
sand Dollars CSS,0O0OO) OF its capital stock
shall have been paid for.
All transfers OF shares Of the capital stock
Of this corporation shall be made and entered
on the stock book Of the corporation and no
transfers shall Ice in any manner binding on
this corporation unless so entered.
Stock in this corporation is issued, held and
acquired by the stockholders under the fol.
lowing conditions, which are the essence OF
their rights as stockholders. and which condi.
tions shall be briefly set out IN each stock
certificate.
LIST. That no stakeholder shall sell. ALLEVIATE
hypotheCatc, transfer, or otherwise alternate his
stock until he shall have first offered the same
unto the other stockholders Of the company
which offer shall be made IN writing 10 the
Board OF Directors. whose duty 1t shall be "a
transmit to the stockholders Immediately, and
said stockholders shall have seven days from
the receipt Of said notice BY the Board Of Di'
rectOrs within which they may purchase az
the value thereof plus ten per cent.
The value Of the stock for the purpose aforc
said shall he the IS shown by the
books Of the orporation-establiShed on the
basis Of the last sem-annual statement Of tiie
corporation in connection with the monthly
trial balance and the semi-annual inventory
Ii shall be the duty of the corporation q
make and preserve the foregoing trial bal
ances and semi-annual and annual statements
for the purposes aforesaid, and which shall al
all times be open to the view Of the stock
holders.
Should more than one s,ockholdcr offer =
buy said stock, the same shall be distributed
according 20 their holdings IN the corporation
In case Of the acceptance Of the offer under
the provisions herenabove set forth, the prlct
therefor shall be paid IN cash within twenty
| four hours after such acceptance.
2nd. The rule hereinabDve set forth shall
govern in case OF the death OF a StDcshOder
! with the additional proviso, in such case. The
! surviving stockholders may, AZ meeting
called and held for that purpose, or a. ans
meeting held after the death, call the saIc
| stock az its book value plus ten per cent c'
! tablished in the manner above set form io
| the purpose Of conveying the said stock 20 tn
| survivors in the said corporation.
| This option or right shall not be exercise
! however, after six months from the date O
| the death Of the said stockhoider.
| Article V-The capital stock OF this coIpor
| alton NAV be increased TO the sum OF Fifty
Thousand Dollars CS00o.oO by vote Of two