The herald. [volume] (New Orleans, La.) 1905-1953, 1914-01-01

UNITED STATES OF AMERICA, STATE
OF LOUISIANA. PARISH OF OR
LEANS CITY or NEW ORR ,EANS

UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF OR
LEANS, CITY OF NEW ORLEANS.
BE Ii known, that on this sixth day of the
month of December, in the year of our Lord
one thousand nine hundred and thirteen, and
Of the independence of the United States of
America the one hundred and thirty-eighth,
before me, Sol Weiss a notary public duly
commissioned and qualified in and for the
above city, parish and state. therein residing
and in the presence of the witnesses herein
after named and undersigned personally
came and appeared: the several persons
whose names are hereuntO subscribed, who
declared that availing themselves of the pro-
visions of the state of Louisiana and espe-
cially of the provisions of Act 7S of the year
1904, they do by these presents, for them
selves, their associates, successors and as
signs form themselves, their associates, sue
cessOrs and assigns, into a corporation and
body polite in law, for the objects and pur-
poses and under the articles and stipulations
hereinafter set forth and expressed and I'M
der the following terms and conditions to-
wit:
ARTICLE 1.-The name and style Of this
corporation shall be THE MO0DY-COLE
COMPANY" and under that name it shall
have and enjoy corporate existence and sue
ceSsion for a period OF ninety-nine years
from and after date hereof, unless sooner
dissolved in the manner hereinafter provid-
ed; TO contract sue and be sued to hold.
receive, purchase and convey, as well as
mortgage, hypothecate and pledge property,
both real and personal; to Issue negotiable
managers, directors, officers, and agents and
other employees a its interests may require !:
and to make and use corporate seal, and
the same to alter and change at pleasure
and to make and establish such bylaws
rules and regulations for the proper mana ge-
ment and control Of the affairs OF the said
corporation as may be necessary and proper
and the same TO alter and amend at pleas
urc.
ARTICLE 1.-THE domicile Of this corpo-
ration shall he in the city Of New Orleans,
parish of Orleans, and state of Louisiana
All citations and other legal process shall be
served on the president OF the company or
in the event of his absence from the city, or
disability to act, upon the yice-president, or
the secretarytrea
ARTICLE III.-The purpose for which
this corporation is formed. and the nature of
the business to be carried on by 1t are hereby
declared to he to manufacture and sell as
bestos and all rubber goods or compositions
including asbestos or rubber and for the
selling and dispOsing Of the same 10 manu-
tacture and otherwise prepare asbestos roof
ing TO manufacture all kinds of roofing and
to deal therein; to construct adjust and
place the same on buildings, and structures
and TO make and deal in all kinds Of asbestos
goods, fibre and fabrics.
To deal in all kinds of automobile supplies
espe ally rubber tires and castings etc, and
10 deal generally in all kinds OF oils and
paints necessary In the roofing business. as
well as TO have the right to buy, sell, either
on consignment or commission, any and all
articles necessary to carry on the above bus
mess; and TO do all and any other kind of
business and any act or thing that may be
necessary to carry out the objects and pur.
poses Of the said corporation.
ARTICLE IV-The capital stock Of this
corporation Is hereby fixed at the sum of ten
thousand (S10,000) dollars to be represent
ed by one hundred shares at the par value
OF one hundred dollars (S100) each; and
three thousand dollars $4,000 OF the said
capital stock must be subscribed and paid In
cash before the company can organize and
become going concern. The remaining
shares OF said stock shall be issued by the
board or directors as they shall deem fit and
proper
All shares of stock shall be paid for in
cash, property received or labor performed
and must be fully paid before the issuance
or the certificate therefor and shall be non
asSessable
Said stock shall be represented by stock
certificates, transferable only on the books
Of the company, on the surrender of the out
standing certificate, or due proof OF loss
Before any stock can be transferred II
must be first offered In writing and at its
book value to the board Of directors of the
company, who shall have the option of pur-
chasing same at the said book value at the
time the said stock Is offered and should
the directors fall to make purchase of said
stock within sixty days from the time OF OF
fer, then the holder and owner of the stock
may dispose of IL in the open market
The said capital stock may be increa sed
or diminished by proceedings taken In &C.
cordance with the laws Of the state of Lou
isiana.
ARTICLE V-The officers Of this corpo-
ration shall consist Of president, a vice