The herald., 1914-07-09
CHARTER
OF JOSEPH PETRIE & COMPANY,

United States OF America. State of Louisiana.
Parish of Orleans, City of New Orleans.
BE 1t known, That o. this twenty second
day of the month of June, in the year one
thousand nine hundred and fourteen, before
me, John +. A. Hebel, notary public, in and
for the city OF New Orleans parish parish OF OF
ing, duly commissioned md qualified. and
in the presence of the witnesses hereinafter
named and undersigned. personally came and
are hereunto subscribed. all of the full 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 a corporation for the oojects and purposes
and under the stlpulations hereinafter set
forth, to-wit:
Article 1.-The name and title of this cor
poration shall be JOSEPH PETRlE & COM
PANY, LIMITED, and by that name it shall
ty-nine years from the date hereof, unless
soon dissolved. II shall have power TO sue
and be sued: 10 borrow money; hold, purchase,
lease, sell and hypothecate real and personal
property in the State of Louisiana or else
where; to make and US. 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
mortgage and otherwise.
Article 1.-THE domicile 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 lll.-The objects and purposes for
which this. corporation is organized and es-
tablish and the nature of the business to be
carried on by it are hereby declared to be:
The contracting and dealing in sanitary
h,rn nd toll a-I
all supplies and fixtures necessary 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 business; also to make all contracts for
the repair and maintenance OF all the above
fixtures and appliances:
Article IV.-fhe capital stock of this cor.
poration is hereby declared TO be FIVE thou
sand dollars 5000, divided into fifty shares
stock shall be payable in cash its equva-
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. omen
accounts and the good will thereof, etc. act
ually purchased by or for services actually
rendered to this corporation
All shares of stock shall be full paid and
non-assessible. This corporation shall become
a going concern and be authorized to do busi.
ness as soon as four thousand dollars $4,000
scribed for.
And stockholders wishing to sell his or her
stock must offer the in writing to the
other stockholders through the board of direc-
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 or her stock at a less
price than that at which it was offered to
the board he she must first again offer
said stock to the remaining stockholders at
l Il
ditions as above prescribed. Should said
stockholder make any sale in violation of
this clause the same shall be null and void
The shares of stock of this corporation
shall be transferable on the books of thi.
corporation only, and no transfer shall be
binding on the corporation or have any
effect unless and until made upon said books |;
| and the prior lien all mares of stock shall
be retained BY this corporation on the stock
of any shareholder for any Indebtedness, Sc.
cured or unsecured, however evidenced or ere.
ated; due at any time. to the corporation BY
the holder of the said stock, and ali trans.
fers Of stock shall be made subject to these
conditions.
Article V-All the powers of this CORPORA.
| uon shall be vested in, and the management
and control of its affairs shall be exercised
| by, board Of directors, to be composed OF
| three stockholders, any two of whom shall
constitute a quorum. for the transaction of
| business OF this corporation The first board
| OF directors shall be composed of Ioseph Pc
| tire, John ]. Modenbach and Louis " Reiser.
Inc ohcefS OF the FIRST board of directors
| shall be Joseph Petrie, president: Iohn 7 Mo-
denbach, vice-president. and Louis y. Reiser,
| secretary-treasurer. Said board Of directors
| and officers shall serve and remain in Office
until the second Tuesday in July, 1918, and on
whcih date annually thereafter the board Of
directors shall be elected by the stockholders
| AZ a meeting called for that purpose All
directors and officers shall hold Office until
! their successors are elected and qualified. and
any failure TO elect directors shall not be re.
garded as forfeiture Of this charter.
In the election of directors each stockholder
shall be entitled 10 one vote for each share
Of stock held by him or her which must be
cast either in person or bv duly authorized
proxy, and the majority of votes cast shall
elect Any vacancy occurring in the board
Of directors may be filed by the remaining
directors for the unexpired term. At the first
meeting Of the board of directors after their
election and qualification they shall elect
from among their number president, vice.
president and secretary-treasurer
Article Vl.-All the meetings Of the stock.