The herald., 1914-01-08
CHARTER
CHARTER
OF THE MOODY-COLE COMPANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF OR

OF LOUISIANA, PARISH OF Or
LEANS, CITY OF NEW ORLEANS.
Be il known, that on this sixth day Of the
month OF December, In the year of our Lord
one thousand nine hundred and thirteen, and
OF the independence Of the United States of
America the one hundred and thirty-eighth,
before me, Sol Weiss, a notary public duly
commissioned and qualified in and for the
above city, parish and state, therein residing,
and In the presence Of the witnesses herein
after named and undersigned, personally
came and appeared: the several persons
whose names are hereunto subscribed who
declared that availing themselves of the pro-
visions OF the state of Louisiana and espe-
cially OF the provisions of Act 7S OF the year
1904, they do by these presents for them
selves, their associates, successors and as
signs. form themselves, their associates, sue
cessors and assigns, into corporation and
body polite in law, for the objects and pur-
poses and under the articles and stipulations
hereinafter set forth and expressed and I'M
der the following terms and conditions, to-
wit:
ARTICLE 1.-The name and style Of this
corporation shall be THE MO0DY-COLE
have and enjoy corporate existence and sue
ceSslon for a period OF ninety-nine years.
from and after date hereof, unless sooner
dissolved In the manner hereinafter provid-
ed; to contract, sue and be sued to hold
receive, purchase and convey. as well as
mortgage, hypothecate and pledge property
both real and personal; to issue negotiable
bonds and notes to name and appoint such
managers, directors, officers, and agents and
other employees a Its interests may require :;
and TO make and use a corporate seal, and
the same to alter and change al pleasure !;
and to make and establish such bylaws
rules and regulations for the proper manage
ment and control OF the affairs Of the said
corporation as may be necessary and proper
and the same to alter and amend at pleas
ARTICLE 1.-THE domiciIe Of this corpo-
ration shall be In the city of New Orleans
parish Of Orleans. and state of Louisiana.
All citations and other legal process shall be
served on the president of the company, or
In the event OF his absence from the city, or
disability to act, u7on the vice-president, or
the secretary-treasurer.
this corporation Is formed, and the nature OF
the business TO be carried on by Il are hereby
declared TO he to manufacture and sell as
bestos and all rubber goods or compositions
including asbestos or rubber: and for the
selling and disposing OF the same to manu-
facture and otherwise prepare asbestos roof.
ing to manufacture all kinds of roofing and
to deal therein: to construct adjust and
place the same on buildings, and structures
and to make and deal in all kinds of asbestos
goods fibre and fabrics.
To deal in all kinds of automobile supplies,
especially rubber tires and castings, etc. and
to deal generally in all kinds Of oils and
paints necessary in the roofing business as
wei as to have the right to buy, sell. either
on consignment or commission, any and all
articles necessary to carry on the above bus
mess; and to do all and any other kind OF
business and any act or thing that NAV be
necessary to carry out the objects and pur-
poses Of the said corporation
ARTICLE IV.-The capital stock Of this
corporation Is hereby fixed at the sum of ten
$50 00O) dollars, to be represent
ed by one hundred shares at the par yaIue
Of one hundred dollars (SlOO) each: and
three thousand dollars (s3,000l Of the said
capital stock must be subscribed and paid in
cash before the company can organize and
become going concern. The remaining
shares OF said stock shall te issued by the
board Of directors as they ssiall deem At and
proper.
All shares OF stock shall be paid for in
cash, property received, or labor performed.
and must be fully paid before the Issuance
Of the certificate therefor, and shall be nom
assessable.
Said stock shall be represented BY stock
certificates, transferable only on the books
OF the company, on the surrender of the out
standing certificate, or due proof Of loss
Before any stock can be transferred II
must be first offered In writing and at Its
book value to the board OF directors OF the
company, who shall have the option of pur-
chasing same at the said book value at the
time the said stock Is offered and should
the directors fall to make purchase of said
stock within sixty days from the time Of Of
FER. then the holder and owner Of the stock
may dispose OF II in the open market
The said capital stock may be increased
Or diminished by proceedings taken In &C.
cordanee with the laws Of the state of Lou
isiana.
ARTICLE v.-The officers of this corpo-
ration shall consist of president, a vice