The herald. [volume] (New Orleans, La.) 1905-1953, 1915-03-25
CHARTER
OF LIE c. A PARDUE CO. INC.


Parish OF Orleans, City Of New Orleans.
3, 10 known. hat on this twenty-f3urth
Day u the month Of February. IN the year OF
0ur Lord, ore thousand nine hundred and III,
teen, and Of the independence Of the United
states of America. the one hundred and
Ilgrty-ulu,r. before me. Charles SChueIdau,
notary public, duly commissioned and
qualified ia 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
20 me, notary, m the presence Of the under
signed witnesses, that, availing themselves
II the provisions Of the laws OF the state OF
Louisiana relative 10 corporations. they have
~pveuautci and agreed, and do, by these
presents, covenant and agree and bind them
selves, as well as such other persons as may
hereafter become associated with them, TO
form and constitute corporation and body
polite m Law for the purposes and objects. and
under the stipulatons and conditions herein
after set forth, tO-wit:
Article The name and title Of this cor
poration shall be the c. A. Parduc Company,
Incorporated. and its d0miCile IS hereby
tablIshed At New Orleans, IN the Parish of
Orleans and State OF Louisiana. Under IT'S
said corporate name this corporation shall
have power and authority 20 contract, sue and
be sued TO make and a corporate seal,
and the same 10 break and alter at pleasure;
TO 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, foremen and such other employees
the interest or convenience Of said cor
pOration may require; 10 make and establish
bylaws rules and regulations for the proper
management and regulations Of its affairs as
may be deemed necessary and proper, and the
same 10 change or alter At pleasure and to do
all other acts and things permitted by law
a. may be necessary ard proper 20 carry out
the objects and purposes Of this corporation,
herein set out.
said corporation. unless sooner dissolved in
accordance with the stipulatious Of this
charter, shall exist and continue 10 have
succession for a period of nnety-nine (99}
years from date hereof.
The president. or, in his absence, the vice.
president. or, 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 on by it,
declared TO be the following. viz:
To purchase, acquire, lease, hold improve,
sell, ALLEVIATE, mortgage, pledge, pawn or
otherwise hypothecate property, real, personal
and mixed; cOrpOreal and incOrporeal, and, in
connection with its business, to issue notes,
bonds or other evidences OF Indebtedness and
10 do and perform all other things necessary
or convenient to enable it to carry out the
objects and purposes above set forth.
Article lIl-The capital stock of this cor
poration shall be the sum of seventy FIVE
thousand dollars C15,OO00O)), divided into and
shares of the par value Of one hundred dol
lars $500 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 10, 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 iemized description of
property as to amount, location, extent, char
scter and state OF improvement and statement
OF value as appraised by the directors shall
be and form part OF this act Of Incorporation,
in accordance with the intents and purposes
Of Act No. 267 of the General Assembly of
the State Of Louisiana for the year 1914
The capital stock of this company may be
increased or decreased by complying with the
laws OF the State Of Louisiana, providing for
the increase or decrease of the stock of cor
poratiOns.
Any stakeholder may sell, assign. or trans
fer his stock in this corporation provided
thirty (30) days prior notice of any such in |
tenton 20 sell, assign or transfer the same be |
gwen the company. The company shall have
the FIRST privilege of purchasing same, after I
which notice the said stock may be sold in !
open market
The capital stock of this company shall be |
non. assessahle 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 |
mence doing business soon as fifty thou |
sand dollars of the capital stock shall have
been subscribed for. The board of directors |
shall have the right TO determine how much 4
stock shall be issued The whole, however 1
to be done 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 90 stockholders of this company.
Said board of directors shall be elected an
nually by the stockholders on the first Mon
day Of March in each and every year, which
annual meeting Of stockholders shall be held |
at the ONCE OF the company at its domicie,
of which meeting notice shall be given by at
lease hive days continuous publication imme.
diately preceding such election in a daily
newspaper published at New Orleans, Louis
iana, or by al least ten uays' written notice
10 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 |
6 Pardue. Sherman p. Pardue, Oscar c. j
Geren and Charles A. Pardue. Any vacancy
term of Office shall be filled by election by |
the remaining members Of the board Three
CD members of the board shall constitute a
quorum Tor the transaction of business. and
AT each annual meeting of the board of d.
reetors, held the first Monday of March. !
in the year 1916 and annually thereafter, the
said board shall elect from among its num-
Der president, vioe-presdent a secretary |
a treasurer, and such other officers as NAV |
be necessary, and said officers shall hold Office
Tor one year, or until their successors are
elected Until the first election, the follow
ing are declared 20 be the officers of this
company via: Charles {. Pardue, president;
sherman 7. Pardue, vice PRESIDENT; Oscar p
1cren, secretary; Charles A. Pardue treas
urer; provided, that the board of directors
Shall have the power 90 discharge any or ali
OF these officers al 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 al least 1--WE days prior |
10 the date OF such vote for discharge Al
all elections and stockholders meetings each ,
share OF stock shall be entitled to one vote ,
to be cast by the stakeholder himself or bv ;
a proxy appointed by him in writing. In |
the event of the absence of any director
from the domieile Of the corporation such
director may appoint. by written PROXY, any |
other director TO act and vote for him az ali
meetings of the board of directors ,
The duties Of the various officers shall he =
liked and determined by appropriate bylaws
TO be adopted by the board of directors and +
the board shall FIX the salaries and coupen- (
sations Of all officers, agents, and employees 5
whomsoever.
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