The herald., 1914-01-01
CHARTER

u leans.
Of the month Of December, in the year OF
/ our Lord one thousand nine hundred and thir-
teen, and of the Independence OF the United
| States OF America the one hundred and
II thirtv-eighth, before me, William W alleT
| Young a notary public, and for the parish
Of Orleans, state OF Louisiana, aforesaid, duly
commissioned and qualihed, and IN the pres;
cncc OF the Witnesses hereinafter named ana
| undersigned, personally came and appeared
\ the several persons whose names are here
unto subscribed, who severally declare that,
avaIling themselves of the laws OF the state
| Of Louisiana in such cases made and pro-
| vided, they have contracted and agreed and
do by these presents covenant and agree ana
bind themselves, as well all such persons
| as NAV hereafter become associated with them,
. | to form a corporation for the objects and pur-
poses and under the articles and stpulations,
! to-wit:
Article 1.-The name of the corporation shall
be the Building Material Association and
under its corporate name 1t shall have power
| and authority to have and enjoy succession
for the full term and period of ninety -ninc
| wears from and after the date hereof; to con-
| tract 10 sue and be sued, to make and use a
| corporate seal, and the same to break or alter
at pleasure; to hold, receive, lease, purchase
and convey, as well as mortgage and hypoth-
ecate property, real, personal and mixed,
i corporal and ncOrporeal; to name and APP
point such managers, agents, directors and
l officers its business interests and con
i venience may require, and 10 make and es-
u tablish, as we'll as alter and amend from
time TO time such bylaws, rules and regp-
latiOns for the government of the affairs OF
said corporation as may be necessary and
proper.
| Article 1.-THE domicile Of said corpora
tion shall be in the city Of New Orleans,
| state OF Louisiana, and all citations or other
legal process shall be served upon the presi.
dent of said corporation, or, in the event of
his absence, upon the yice-preSident, and, in
| the absence of both of said officers, upon the
secretary OF said corporation.
| Artlr he NJ OF
| this corporation are hereby declared to be-
to acquire, preserve and disseminate intor-
| nation pertaining to the building supply IN
| dustry of the city OF New Orleans and state
| of Louisiana; to promote the interests, to de-
/ crease the risks and to improve the meth
| DDS in the conduct thereof; to establish, main
| tain, and operate bureau agency for the
collection or acquiring, by purchase or in
| any other lawful manner, information, sta
| tiStics, facts and circumstances of, relating
| to. affecting the business. capital, debt,
| solvency, credit, responsibility and CONNER
| cial condition and standing of any and all
| individuals, firms, associations and corpora
| tions engaged in or connected with the busi-
ness OF buying and selling building materials
| OF any and all kinds, wholesale retail, the
| business of constructing buildings and any
| other structures or works, whether public
| private, paving streets and sidewalks or
laying roads, any other business which re-
quires the persons or concerns engaged there
| in to purchase building material therefor; and
to furnish such information and data, sta
| tiStIcs and ratings to the members of this
corporation; and generally TO do any and all
| things TO advance the interests of the in
| dustry in the city OF New Orleans; to pro-
vide, own and maintain suitable rooms and
| offices for the members Of this association in
| the city OF New Orleans and to hold and
| exercise all such incidental powers as relate
| TO the objects heretofore set forth.
| Article lV.-The capital stock of the cor
poration is hereby fixed at the of ten
| thousand dollars (Sl00OO.OO), to be divided into
and represented by two hundred COO shares
Lot fAEE h. - Ill
| each. Said stock shall be paid for as when,
| and in the manner directed by the board of
directors The capital stock may be in
creased or diminished as provided by law.
paid and non assessable, and no transfer of
stock shall be binding on the corporation
unless recorded its books.
Said corporation shall become a going con-
Germ and be authorized to do business as soon
as sixty (6O shares of its capital stock shall.
have been subscribed for.
Every stakeholder who is a member Of the
association shall be required to pay an an
nual membership fee, and the payment Of
| all dues fixed by the board of directors shall
De enforced by such rules, regulations and
proper. The shares of stock shall be liable
for any unpaid dues.
Only such stockholders who have been
elected members of the association as pro-
vided by the bylaws or constituted such
members by this act of incorporation shall
have the right to vote at all corporate meet
.uss neIu 70 amend the charter, TO dissolve
the corporation, to elect liquidators, or TO
increase or diminish the capital stock
Article N.,Aii the corporate powers of said
corporation shall be exercised by a board of
ship OF the association. Seven directors pres.
ent IN person shall constitute a quorum A
director may be represented by proxy.
The board of directors shall elect annually
rom their number president. a vice-presi-
dent secretary and treasurer. The board
of Oh directors snail have power to combine the
ofhses OF secretary and treasurer.
The board of directors shall appoint finn,
time to time such officers and clerks and
agents and employees as they may deem nee
essary Tor the purposes and business of thr
TIRE of the board.
SAID board may make, alter and amend anv
ana all bylaws and regulations proper for
the conduct and management of the business
s anu anaiIs OF the corporation. The board
snall nave power to apply the profits of the
corporation TO the promotion of the business
ana ahalrs thereof or to the declaration of a
DIVIDEND; or to both of such purposes. il such
prohtS snail be sufficient to that end
Article NI.-Whenever this cornoratio, mas
DC dissolved. either by Limitation or from
any other cause, its affairs shall be liquidated
s,ongs, GO, Tbon'inlsSiSne5s to be appointed from
amongst the stockholders at a general meet. |
ing OF stockholders convened for such mr.. |
pose, and notice of which shall be given I,
tne , manner and time provided for stockhold 1
ers meetings by Article VII of This cbsr,sr
and majority in amount of the canitai s,ocL
OF said association represented al such meet.
lngs snail be requisite TO elect Said com
nfrlSslohers shall remain in Office until the /
aaH3lrs OF the corporation shall have beer
tuily iquidated. In case Of death OF one or
more OF said commissioners the vacancy shall
surviving COM
hrticie Widths act of incorporation NAV
oe modihed, changed or altered. or said cor.
P9ration may be dissolved with the assn,
OF thTee-tourths of the capital stock ren-.
Sed at general meeting of the stock.
holders convened for such purpoSss sf,s-
stakeholder gwen 10 esen
ATtiele NI1I.-No stakeholder shall eyer h.
..eIl IlaDIe Tor the contracts or faults OF said
soipotation IN any further sum than m. -
Paid balance due the corporation on shares nf
s1ocN owned by him, nor shall anv mere ~
IN Organization have the effect N
Ienuering tins charter null, or of exnos;ns
sIoekholder to any liability beyond The uns
pa I amount remaining due on his stocL
Inc subscribers hereto have respectiyeIv
srtten opposite their name. the anount 81
'toSk IN this corporation subscribed for Nv
,aeh OF them, so that this act OF incornorat;o1
nay also serve as the original subscrintion |
Thus done and passed a, my Office in m.
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