The herald., 1914-01-15

| ana Parish Of Orleans, CITY oi Ne" VI
p. =, lD.wn. that on this twenty-second day
| 4 the month Of December, IN the year oi
! ,ur ord one thousand nine hundred ana thlt,
cen, and Of the independence OF uie ".'eJJ J
states Of America the one hundred ana
| hirty-eighth, before me, William Naiit
| foung a notary public in and for the paris
| f Orleans, state Of Louisiana, aforesaid uui!
| .mmissioncd and qualified. and in the pres
| .ncr Of the witnesses hereinafter named dH'
| Undersigned, personally came and aPPeaIe'
! he several persons whose names arc mere mere
| tnto subscribed, who Severally declare thd'
! ,vailing themselves of the laws OF the stat
| # Louisiana in such cases made ana pro
| yded they have contracted and agreed Aho
| DO by these presents covenant ana agree an"
! bind themselves, as well as all such persons
| as NAV hereafter become associated with them
, 10 form a corporation for the objects ana puI
| poses and under the articles and stpulauons
| Article 1.-The name of the corporation shall
be the Building Material Associauon' and
under its corporate name II shall nave poHer
| and authority to have and ENJOY succession
| for the full term and period OF ninety nine
| wears from and after the date hereof; to CON
| tract, TO sue and be sued to make ana use
| corporate seal, and the same to break or after
| at pleasure; TO hold, receive, lease, purchase
and convey, well as mortgage and hypoth
| ecate property, real, personal and miNeu'
| corporeal and ineorporeal; to name and ap,
| point such managers, agents, directors and
i officers as its business interests ana con-
i venencc may require, and to make ana es-
tablish, as well as alter and amend from
i time to time such bylaws, rules and Tesp-
Il lations for the government OF the afairs oi
Il said corporation as may be necessary ana
i proper. -, -,
tion shall be in the city of New orleans
state of Louisiana, and all citations or otler
legal process shall be served upon the presi:
dent of said corporation, or, IN the event ol
his absence upon the vice-president, and, IN
the absence of both Of said officers, upon the
secretary OF said corporation.
this corporation are hereby declared 10 be;
to acquire, preserve and disseminate intor-
nation pertaining to the building supply IN
dustry OF the city OF New orleans and StSte
4 of Louisiana; to promote the interests, 10 de
crease the risks and to improve the meth
ods in the conduct thereof; to establish, main
tain and operate a bureau or agency tor the
' collection or acquiring, by purchase or IN
any other lawful manner, information. sta
> tistics, facts and circumstances OF, relating
TO, or 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 maiefiIs as
business of constructing buildings and any
other structures or works, whether public or
| private, paving streets and sidewalks OF
laying roads, or any other business which re-
quires the persons concerns engaged there
in to purchase building material therefor; and
to furnish such information and data, sta
, 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 rssms 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
10 the objects heretofore set forth.
| Article IV.-The capital stock of the
/. poration is hereby liked at the sum OF ten
thousand dollars (S10,0OO00), to be divided into
and represented by two hundred (20O) shares
IaF he nf
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
All shares of stock shall Be issued as full
/. paid and worcestershire, and transfer of
stock shall be binding the corporation
. unless recorded on its books.
Said corporation shall become q going con-
cern and be authorized to do business
as sixty (6O shares Of its capital stock shall
have been subscribed for.
Every stockholder who is a member of the
association shall be required to pay an an
nual membership fee, and the payment Of
all dues hxed by the board Of directors shall
be enforced by such rules, regulations and
penalties as the board of directors may deem
proper. The shares of stock shall be liable
for any unpaid dues.
Only such stockholders who have been
elected members of the association pre-
vided by the bylaws or constituted such
: members by this act of Incorporation shall
have the right TO vote at all corporate meet
ings held to amend the charter, to dissolve
the corporation, TO elect liquidstors, or to
increase or diminish the capital stock.
Article N.-All the corporate powers of said
corporation shall be exercised by q board Of
directors. consisting of the total member
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
from their number a president, a vice-presi-
dent, secretary and treasurer. The board
| of directors shall have power to combine the
; secretary
/ The board of directors shall appoint from
| time to time such officers and clerks and
essary for the purposes and business of the
| corporation, who shall hold Office at the pleas
| ure of the board.
Said board may make, alter and amend any
| and all bylaws and regulations proper foI
the conduct and management of the business
| and affairs of the corporation. The beard
shall have power to apply the profits of the
| corporation TO the promotion of the business
| and affairs thereof or to the declaration of
| dividend, or 10 both of such purposes if such
profits shall be sufficient to that end.
Article NI-Whenever this corporation may
be dissolved. either by limitation or from
any other cause, its affairs shall be liquidated
oy three commissioners to be appointed from
amongst the stockholders at general meet.
pose, and notice of which shall be given in
the manner and time provided for stockhold-
| ers meetings by Article VII of this charter
| and majority IN amount of the capital stock
4
| ings shall be requisite to elect. Said Gem.
mIssioners shall remain in Office until the
AFFAIRS OF the corporation shall have been
tully liquidated. In case of death Of one or
more Of said commissioners, the vacancy shall
be filled by election of the surviving com
missioners
Article VII.-This act Of incorporation NAV
De modihed, changed or altered, or said Ger.
poraiion may be dissolved with the assent
OF three-fourths of the capital stock repre-.
sented at general meeting of the stock.
holders convened for such purposes. after
stakeholder.
Article VIlI.-No .tockholder shall ever be
held liable for the contracts or faults of said
corporation IN any further sum than the uu. |
paid balance due the corporation on shares of |
stock owned by him, nor shall any mere in |
tormality IN organization have the effect of |
rendering this charter null, or of exposing
s;oekholder to any liability beyond the un. /
psIa amount remaining due on his stock
Inc subscribers hereto have respectively
written opposite their names the amount OF |
stoSk IN this corporation subscribed for by
eaen OF them, SO that this act Of incorporation
may also serve as the original subscription
Inst OF said corporation.
Thus done and passed at my Office in the
CITY OF New Orleans, in The presence az
GcOrgc III. Tcrriberry an.