The herald., 1914-07-02
CHAR TER
OF JOSEPH PETRIE < COMPANY
IMI'IFn


United States Of America, State OF louisa
Parish Of Orleans, City of New Orleans.
BE II known, That - this twenty second
day OF the month OF June, IN the year one
thousand nine hundred and fourteen, before
| me, John +. A. Hebel, a notary public, IN and
for the city of New Orleans, parish OF Or
leans, and State of Louisiana, therein resid
ing, duly commissioned md qualified, and
in the presence OF the witnesses hereinafter
named and undersigned. personally came and
appeared the several persons whose names
are heTeuntO 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 corporation for the OBJECTS and purposes
and under the Stipulations hereinafter set
forth, to-wIt:
Article 1.-The name and title of this cor
poration shall be JOSEPH PETRIE & COM
PANY. LIMITED, and by that name it shall
ty-nine years from the date hereof unless
soon dissolved. 1t shall have power to sue
and be sued; to borrow money; hold, purchase
lease, sell and hypothecate real and personal
property in the State of Louisiana or else
where; 10 make and a 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
ure; also to make and issue bonds or other
w.,
mortgage and otherwise.
Article 1.-THE domicle 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 lII.-The objects and purposes for
which this corporation is organized and es-
tabish and the nature of the business to be
carried on by it are hereby declared to be:
The contracting and dealing in sanitary
plumbing, sewerage and gas installations and
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 necessary for the
plumbing. gas 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 lN.-The capital stock of this cor
poratlon is hereby declared to be FIVE thou
sand dollars $500, divided into fifty shares
of one hundred dollars (slOO) each, which
stock shall be payable in cash or its equiva-
lent at the time of subscription, may he
issued at not less than par in payment of
property, real or personal, rights, credits or
any business, including stock in trade, open
accounts and the good will thereof, etc, act
uailv purchased by or for services actually
rendered TO this corporation.
All shares of stock shall be full paid and
worcestershire. This corporation shall become
a going concern and be authorized to do bust
ness as soon as four thousand dollars $4,000
of the capital stock shall have been sub
And stockholders wishing to sell his or her
stock must offer the same in writing to the
other stockholders through the board of direc-
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 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
such reduced price and under the same con-
ditions above prescribed. Should said
stakeholder 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 this
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 on all snares of stock shall
he retained by this corporation the stock
Of any shareholder for any Indebtedness, Sc.
cured or unsecured, however evidenced or Gre
ated, due at any time TO the corporation by
the holder Of the said stock and all trans
ters of stock shall be made subject to these
conditions.
Article V.-All the powers Of this corpora.
tion 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 quorum, for the transaction of
business Of this corporation. The first board
OF directors shall be composed of Joseph Pc
trie John ]. Modenbach and Louis n. Reiser.
The officers of the first board of directors
shall be Joseph Petrie, president; John J. No
denbach, vIce-presdent, and Louis " Reiser.
secretary-treasurer. Said board of directors
and officers shall serve and remain in Office
until the second Tuesday in July, 1915. and on
whcih date annually thereafter the board Of
directors shall be elected by the stockholders
at a meeting called for that purpose. All
directors and officers shall hold Office until
| their successors are elected and qualified and
any failure 10 elect directors shall not he re-
garded as a forfeiture of this charter.
In the election of drecrors each stockholder
shall be entitled to 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
o. directors may be filed by the remaining
directors FOR the unexpired term. At the frst
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 VI-All the meetings OF the s.oct