The herald., 1914-01-15
CHARTER
OF THE MOODY-COLE COMPANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF Or

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.
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 as OF the yea r
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 un-
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 Ii 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
bonds and notes; to name and appoint such
managers, directors officers, and agents and
other employees as its interests may require
and to make and use a 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
ure.
ARTICLE 1.-THE domIcile of this corpo-
ration shall be 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 vice-president, or
the secretary treasurer.
ARTICLE 1II.-The purpose for which
this corporation Is formed. and the nature of
the business to be carried on by II are hereby
declared to he to manufacture and sell as
bestos and all rubber goods or compositions
selling and disposing OF the same to manu-
facture 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
Especially rubber tires and castings ETC. and
to 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 on
business and any act or thing that may be
necessary to carry out the objects and pur.
poses OF the said corporation.
ARTICLE lV.-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 a going concern. The remaining
shares Of said stock shall be issued by the
board OF 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
OF 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 fail to make purchase of said
stock within sixty days from the time OF Of
fer, then the holder and owner OF the stock
NAV dispose of II in the open market
The said capital stock may be increased
Or diminished by proceedings taken in ac
cordance with the laws Of the state Of Lou
isiana.
ARTICLE v.-The officers Of this corpo
ration shall consist OF president, a vice