The herald. [volume] (New Orleans, La.) 1905-1953, 1915-04-08
CHARTER
A nAnnr
OF The c. A. PARDuE CO., INC.


OF The c. A. PARDUE CO., INC.
United States Of America: State OF Louisiana,
Parish OF Orleans, City OF New Orleans.
Be Il known. that on this twenty-f0urth
day OF the month Of February, in the year Of
our Lord. one thousand nine hundred and M
teen, and Of the independence OF the United
States Of America, the one hundred and
thirty ninth. before me, Charles SchneIdau,
a notary public. duly commissioned and
qualified in and for the Parish OF Orleans,
State OF Louisiana, therein residing, and in
the presence OF the witnesses hereinafter
named and undersi gned, personally came and
appeared. the persons whose names are here
unto subscribed. all Of full age. who declared
TO ne, notary, in the presence OF the under
signed witnesses, that, avalllng themselves
Of the provisions OF the laws OF the state Of
Louisiana relative 10 corporations, they have
covenanted and agreed, and do, by these
presents covenant and agree and bind them
selves, well such other persons as may
hereafter become associated with them, 10
form and constitute a corporation and body
polite in law Tor the purposes and objects, and
under the stipulations and conditions herein
after set forth, to-wit:
Article 1.-The name and title Of this cor
poration shall be the {. A. Pardue Company,
incorporated, and its domcile is hereby es-
tabished al New Orleans, in the Parish Of
Orleans and State OF Louisiana. Under its
said corporate name this corporation shall
have power and authority to contract, sue and
be sued; TO make and use a corporate seal,
and the same 70 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; 10 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
may be deemed necessary and proper, and the
same to change alter at pleasure; and 10 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 10 have
succession for a period OF nlnety-nine 49,
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 TO be carried on by II,
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 incoTporeal, and, in
connection with its business, 10 issue notes,
bonds or other evidences OF Indebtedness and
TO do and perform all other things necessary
or convenient TO enable 1t to carry out the
objects and purposes above set forth.
Article 1Il.-The capital stock of this cor
poration shall be the sum of seventy-ive
thousand dollars (S75,OOo.OO)), divided into and
represented by seven hundred and fifty (75O)
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 10, received by,
SAID company at Its par vafue; but no stock
shall ever be issued or delivered except al
&c fa-r alt,Rf or~ Tor
rendered, or property actually received or
transferred; provided that the annexed &C
curate detailed and itemized 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 nav 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
Ter his stock IN this corporation provided
thirty GOD 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
Upen market.
The capital stock Of this company shall be
nor assessable 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
mcnce doing business as 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
stock shall be issued The whole, however.
70 be done as provided by Act No. 267 Of the
General Assembly Of the State Of Louisiana
for the year 1914
Article IN.-The corporate powers Of this
company shall be vested in and exercised by
board OF directors, which shall be composed
of four "a 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 otloe OF the company az its dornicile |
OF which meeting notice shall be given by at
lease i've days continuous publication imme- |
diately preceding such election in a daily |
newspaper published at New Orleans. Louis |
lana. or by al least ten Jays 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 hrsH
Monday of March, 1915. until which time the1
following persons shall be and constitute the
Board Of Directors of this company, Charles
:. Parduc, Sherman P Pardue, Oscar G. |
Jeren and Charles A Pardue. ANY vacancy
occurring in the board of directors during its /
ERIN Of ofhce shall be filed by election BY
he remaining members of the board Three
- members of the board shall constitute 4
luorun for the transaction of business and
heir decisions shall be valid corporate acts
1t each annual meeting of the board of d.
ectors, held on the first Monday of March.
n the year 1916 and annually thereafter, the
aid board shall elect from among its num-
er president, q vice-presidenf, q secretary, 1