The herald. [volume] (New Orleans, La.) 1905-1953, 1915-03-18
CHARTER
OF THE c. A.

States OF America, the one hundred and
thirtv-ninth before me, Charles SchneIddu,
a notary public. duly commissioned and
gualihcd in and for the Parish Of Orleans,
State Of Louisiana, therein residing, and IN
The presence Of the witnesses hereinafter
named and undersigned personally came and
appeared the persons whose names are here
unto subscribed. all Of full age, who declared
io me, notary, IN the presence OF the under
signed witnesses, that, availlng themselves
uf The provisions OF the laws of the state Of
Louisiana relative 10 corporations, they have
,Dvcnanted and agreed, and do, by these
presents, covenant and agree and bind them
selves. as well such other persons as may
hereafter Become associated with them, 10
form and constitute corporation and body
polite in Law for the purposes and objects and
under the stipulatIous and conditions herein
after set forth, tO-wit:
Article The name and title of this cor
poratIOn shall be the {. A. Pardue Company,
Incorporated, and its dOmcile IS hereby eS
'abliShed AT New Orleans, in the Parish OF
Orleans and State OF Louisiana. Under its
said corporate name this corporation shall
have power and authority 10 contract, sue and
be sued; 10 make and use a corporate seal,
and the same 20 break and alter at pleasure
10 hold. receive, have, purchase, improve
ALLEVIATE convey, sell, borrow, pledge mort
gage and hypOtheCate, in said corporate name,
property real, personal and mixed; TO name
and appoint such officers, directors, agents,
managers, fOremcn and such other employees
a. the interest or convenience Of said cor
porstiOn may require; to make and establish
bylaws, rules and regulations for the proper
management aud regulations Of its affairs as
may be deemed necessary and proper, and the
same to change OF alter at pleasure; and to do
all other acts and things permitted by law
as may be necessary and proper TO carry out
the objects and purposes Of this corporation,
aS herein set out.
Said corporation, unless sooner dissolved in
accordance with the Stipulations Of this
charter. shall exist and continue to have
succession for period Of ninety nine (y9J
years from date hereof.
The president, or in his absence, the vice
president. OF, IN his absence, the secretary
shall be the proper person upon whom citation
or other legal process shall be served.
Article 1.-THE objects and purposes for
which this corporation is organized, and the
nature OF the business 10 be carried by 1t,
are declared to be the following, viz:
To purchase, acquire, lease, hold, improve,
sell. ALLEVIATE, mortgage, pledge, pawn or
otherwise hypothecatc property, real, personal
aud mixed; corporcal and incorporeal. and, in
connection with its business, TO issue notes,
bonds or other evidences OF Indebtedness and
to do and perform all other things necessary
or convenient to enable IT to carry out the
objects and purposes above set forth.
Article lII.-The capital stock of this
poraiion shall be the sum of seventy five
thousand dollars CS75.OOOOOJ, divided into and
represented by seven hundred and fifty 75OD
shares of the par value Of one hundred dol
lars CSlOO each, which stock shall be paid
for IN cash, or the same may be issued and
delivered IN payment for actual services rem
dered the company, or in exchange for prop
erty or rights transferred to, or received by,
said company at its par value; but no stock
shall ever be issued or delivered except at
its par value for cash, or for services actually
rendered, or property actually received or
transferred: provided that the annexed ac-
curate detailed and itemized description of
property, as TO amount, location, extent, char
acter and state OF improvement and statement
of value appraised by the directors shall
lie and form part of this act of Incorporation,
in accordance with the intents and purposes
of Act No 67 OF the General Assembly Of
the State of Louisiana for the year 1914.
The capital stock of this company way he
increased or decreased by complying with the
laws Of the State of Louisiana, providing for
the increase or decrease Of the stock Of
porations.
Any stakeholder may sell, assign, trans
fer his stock in this corporation provided
thirty 600 days prior notice Of any such in
tention TO sell, assign or transfer the same be
given the company. The company shall have
the first privilege Of purchasing same. after
which notice the said stock may be sold in
open market.
The capital stock of this company shall be
worcestershire and transferable only on the
books Of the company.
The stock subscribed for shall be paid upon
call OF the board of directors in such amounts
and at such times and in such manner as said
board shall prescribe, with at least ten days
notice in writing to the subscribers.
This corporation shall be authorized to COM
sand dollars of the capital stock shall have
been subscribed for The board of directors
shall have the right to determine how much
stock shall be issued. The whole, however
to be done as provided by Act No. 267 of the
General Assembly of the State of Louisiana
for the year 1914.
Article IV.-The corporate powers of this
company shall be vested in and exercised by
board of directors, which shall be composed
OF four az stockholders of this company
Said board of directors shall be elected an
nually by the stockholders the first Mon
day of March in each and every year, which
annual meeting Of stockholders shall be held
at the Office of the company at its domicile,
OF which meeting notice shall be given by at
lease FIVE days continuous publication imme
diately preceding such election in daily
newspaper published at New Orleans, Louis
lana, or by at least ten uays' written notice
to each stakeholder at his address as given
to the secretary of the company. The first
election hereunder shall be held on the first
Monday of March, 1915, until which time the
following persons shall be and constitute the
Board Of Directors of this company, Charles
Geren and Charles A. Pardue. Any vacancy
occurring in the board of directors during its
term Of Office shall be filled by election by
the remaining members Of the board. Three
% members of the board shall constitute
quorum for the transaction OF business, and
their decisions shall be valid corporate acts
Al each annual meeting Of the board Of d.
rectors. held on the first Monday of March
in the year 1916 and annually thereafter, the
said board shall elect from among its num-
Der president, a vice-president, a secretary,
treasurer, and such other officers as NAV
be necessary, and said officers shall hold Office
for one year, until their successors are
elected. Until the first election, the follow.
ing are declared to be the officers of this
company, viz: Charles C. Pardue, president;
sherman L. Pardue, vice-president; Oscar p
Geren, secretary; Charles A. Pardue, treas.
urer; provided. that the board Of directors
shall have the power TO discharge any or all
OF these officers at any meeting of the board
after due notice and motion to that effect
snail have been mailed to each and every
member Of the board at least FIVE days prior
to the date Of such vote for discharge Al
n all elections and stockholders meetings each
Nshare Of stock shall be entitled TO one vote
TO be cast by the stakeholder himself or by
"a proxy appointed by him in writing, In
the event of the absence of any director
from the domicile of the corporation such
director may appoint, by written proxy any
other director to act and vote for him AT ali
meetings Of the board of directors.
The duties of the various officers shall be
liked and determined by appropriate bylaws
to be adopted by the board Of directors, and
the board shall fix the salaries and compen-
sations OF all officers, agents, and employees
whomsoever.
The office of seereatry and treasurer may,
at the option OF the board of directors, be
held by the same person.
Any failure. from any cause whatsoever.
TO elect directors on the date named for that
purpose shall not dissolve this corporation.
but the directors then in Office, as we'll as
the officers Of this company, shall hold over
until their successors are chosen In such
event, the president shall cause another ill.,