The herald., 1914-01-22
CHARTER

cans
/ Be II Enswu hat on This twenty,,seoond day
| # he month II December. IN the year OF
,r- ord one thousand nine hundred ana thlT-
: r-u. and 0f he Independence Of ne Sn'ted
States nt America The one lludEcl anu
| thirrv-eighth. before ne, William Waller
| YeurV a notarv public IN and for the PARISH
/ 1f Orleans. state Of Louisiana. aforesaid. luly
| commissioned and qualified. and N me pres
-rce Of The witnesses hereinafter naihed any
undersigned, personally came ana appeared
/ Inc several persons whose names are mere
| unto subscribed VINO severally declare mat
! availing themselves Ot the laws II me st2te
/ OF Louisiana IN such eases made anu pro,
y,8ed they have contracted and agreed and
do bv these presents covenant and agree 2na
/ bind themselves, ~ we'll as all such persons
ss NAV hereafter become associated with them
I . form a corporation for the objects and puT'
poses and under Tie articles and stIpul~toAs'
go-wit: .,
be the Building Material AssOCiation, ana
under It's corporate name II shall have power
and authority 70 have znd ENJOY succession
for the full term and period ot ninety-nlne
years from and after the date hereof; 70 CEN
tract 10 sue and be sued. 10 make and use
corporate seal. and the same 70 break or alter
Al pleasure; 10 hold. receive, lease. purchase
and convey, well as mortgage and hypoth-
corporezl and IuCOrporeal; 10 name ana 2p-
point such managers. agents, directors ana
officers as its business interests and con
venIcuce may require, and 70 make and cs-
tabiish, as well alter and amend from
time TO time such bylaws, rules and regp-
ations for the government OF the affairs Of
said corporation as may De necessary anu
Article 1.-THE domicile of said corpora |
tion shall be IN the city Of New orleans, I
state of Louisiana, and all citations or other
legal process shall be served upon the pTcsi-
dent Of said corporation, or, IN the event OF
hls absence, upon the vlce.presIdent, and. IN
the absence OF both OF ssld ofilcers upon the
secretary OF said corporation.
Article lII.-The objects and purposes OF
this corporation are hereby declared 70 be: /
10 acquire. preserve and disseminate inioT- /
nation pertaining to the building supply IN !
distrv OF the city of New Orleans and state /
ii Louisiana; TO promote the interests, 70 de /
crease the risks and TO improve the meth /
ods IN the conduct thereof; 10 establish. mann /
tain. and operate a bureau agency Ter the |
collection acquiring, by purchase or IN
any other lawful manner, information. sta |
tistics, iacts and circumstances OF, relating
10, OF affecting the business. capital, DEBT, I
soivcncy, credit, responsibility and CONNER
cIsl condition and standing OF any and all
individuals, hrms, associations and corpora
tions engaged IN connected with the bust
ness of buying and selling building materials
OF any and all kinds, wholesale OF retail. the
business OF constructing buildings and any
other structures works, whether public or
private paving streets and sidewalks or
laying roads any other business which re-
quircs the persons concerns engaged there
in to purchase building material therefor; and
to furnish such Information and sata. sta
tIstics and ratings 10 the members OF this
corporations; and generally 10 do any ana all
things to advance the interests Of the IN
dustry in the city sf New Orleans; 70 pro-
vide, own and maintain suitable rssms and
offices for the members Of this association in
the city OF New Orleans; and 70 nslS and
exercise all such Incidental powers relate
10 the objects hcretsfsTe set forth
Article IN.-The capital stock Of the
poratisn is hereby liked at the sum sf ten
thousand dsllarss ISlooooo), to be divided into
and represented by tive hundred 600 share.
Of stock in the OF nifty dollars 5000
each Said stock shall be paid for as, when.
and in the manner directed by the board sf
creased o. diminished provided by law
All shares OF stock shall be issued as full
paid and non.s sssesssble, and no transfer of
stock shall be binding on the cooperation
unless recorded IT'S books
Said corporation shall become q going cen
cern and be authorized to do business as sosn
as sixty loO) shares OF IT'S capital stsck shall
have been subscribed for.
Every stockholder who is a member of the
association shall be required 70 pay an an |
nual membership fee. and the payment Of
all dues hxed by the board Of directors shall
be enforced by such rules, rerlilatisns and |
penalties as the board of directors may deem
proper. The shares of stock shall be liable
TOR any unpaid dues.
Only such stockholders who have been
elected members OF the association as pre-
Tided by the bylaws constituted such |
members by this act of Incorporation shall
have the night TO vote at all corporate meet.
ings held 10 amend the charter, 10 dissolve
the corporation, 20 elect liquidstors or 70
increase or diminish the capital stock
orIe, at,ee HLAii al me corporate powers Of said
directors, consisting Of the total member
snip OF the association. Seven directors pres
ent IN person shall constitute = quorum A
director may be represented by proxy.
The board OF directors shall elect annually
from their number president. q vice pre.i.
dent secretary and a treasurer. The board
ot directors shall have power to coubin. IN.
The board Of directors shall appoint from
ime 70 time such officers and clerks and
s .sents and employees as they may deem nee
,ssary tor the purposes and business Of the
corporation. who shall hold office at the pleas.
ire OF the board.
SAID board may make. alter and amend anv
he conduct and management Of the busin.Ss =
IND affairs OF the corporation The b..rd .
'hal nave power 10 apply the profits OF the Q
% the promotion Of the business h
ind AFFAIRS thereof to the declaration OF
lNidend or 20 both Of such purposes. If such c
'rnhts shall be sufficient 20 that end 8
Article NI;-Wheneyer this corporation nav n
e dissolved. either by limitation or fr.m >
ny other cause, its affairs shall be liouidatrs e
y thTee commissioners TO be appointed from n
nonEst the stockholders at = general meet. "
ns OF stookholders convened for such ,ur. d
oSe- and notice Of which shall be riyen in :,
ae manner and time provided for stockhold-
rs meetings by Article VII of this chsrtrr
no majority IN amount Of the capital stsck 8
lCpiCScntcQ Al such meet. 4,
iss shall be requisite to elect said csn,- u
.lssloners shall remain in Office until the Il
mars OF the corporation shall have be-n
iiiy liquidstcd In case OF death Of an. az n
ore OF said commissioners. the vacancy shall ir
issiouers N0A q
Article VII.-This act of Incorporation nav fc
modihed- changed or altered, or s.iS car. | D
,ration may be dissolved with the a...,, .
: thIee-tourths OF the capital stock repre-
,IIo o H general meeting Of the xtsck. 81
,iders convened for such purposes .ftr,
ritten ti notice shall have been given to each N
Article WILING stockhoIder shall EVER n. ~
20 haoie Tor the contracts or fault. OF said "
IPoiAuoh IN any further sum than the un. 10
20 balance due the corporation on sharr, AZ
ock eSned by him nor shall any mere in. "
IM~ity IN organization have the effect Of hs
nderng this charter null. or Of exposin,
sioeknolder 10 any liability beyond tie N. IN
"a "a amount remaining due on bis stock. "a
Inc subscribers hereto have rc.pectiy.lx
luen opposite their name, the amount of
'ek IN this corporation subscribed for by 81
a OF them, so that this act of incorpor.t;o1 So
y also serve as the original subsc-int;o, ~