The herald. [volume] (New Orleans, La.) 1905-1953, 1915-06-03
CHARTER
OF WHITE ROOFING AND CONTRAC
COMPANY, INC.

CHARTER
OF WHITE ROOFING AND CONTRACTING
COMPANY, INC.
r..,;,.d States NJ America, State OF Louisiana,
Parish OF Orleans, City OF New orleans
Be il known that on this fourth DAY OF
The month Of May, in the year OF our LoII i
one thousand nine hundred ana Ii' Sea,.s ~
OF the independence OF the United STATES Gi
America the one hundred and thiTty-nihthi
before NE, Lyle Saxon, notary pup - !
commissioned and qualified IN ana lot u.e |
above city, parish and state, therein fesluIEs'
md in the presence OF the witnesses hereln- |
after named and undersigned, persoHSl4y
came and appeared: the several persons HHosS
names are hereunto SUBSCRIBED VINO ueSLa'N -
that awaiting themselves OF the provisions ot
the laws OF the state OF LOUISIANA, reIatl'e
10 the organization OF corporations Ia suen
cases made and provided, they constitute
themselves their associates, successors anu
assIgns a corporation under the stlpulations
herein set forth, which they adopt as their
A-t;cie 1.-The name and style OF this cor
,oration shall be White Roofing & Con
iractinE Co Inc" and II shall ENJOY sue,
cession and corporate existence Tor petioo
OF nluety-nIne years from date heIeoI, anu IL
Shall have for the purpose OF the business 70
he carried on by il all the powers conferred
BY law upon corporations, and shall geneTaIly
exercise all the powers necessary 10 carry Oh
the said business.
sbsu be in the city OF New Orleans, state OF
Louisiana, and ali citations and other lega!
process shall be served on the president OF
the company, or IN the event OF ms uiS4o''''S
| TO act upon the secretary-trea suTer.
Article lIL-Ihe objects and purposes IoI
which this corporation IS ORGANIZED anu li!e
| nature OF the business 10 be carried on oy II
| are hereby declared TO be that OF dealing
| in roofing and roofing material, OF all descrlp,
tlons and kinds, OF manufacturing TooEng ana
| roofing material, OF contracting ana laying
| OF roofs repairing Of roofs, and TO deal gen
] all goods .OOrnE ana
! roofing composition; as well as TO BUY ana
sell all kinds OF asbestos and rubber goods
and to deal therein; to do general contracting
/ work of all kind and description, repairing OF
buildings, laying of foundations, cement work,
/ and to contract for the erection and repairing
OF buildings Of all kinds and description; and
generally, 10 do all work both IN contracting
| and dealing in materials TO be used IN such
| business.
Article IV.-The capital stock of this. cor
! poration Is hereby fixed at the sum OF ten
| thousand $1,000 dollars, TO be represented
BY one hundred shares OF stock at par value OF
one hundred dollars (SlO0) each. Fifty per
| cent go pct) OF the capital stock must De
| subscribed before the filing of the articles OF
| Incorporation. Fifty per cent OF all stock
| subscribed for must be actually paid IN before
the corporation engages in business, and the
| remainder within twelve months thereafter
The amount 10 which the capital stock may
be increased shall be fifty thousand dollars
! $4,000.
All stock subscribed for shall be paid for
in cash, or its equivalent, or property re-
ceived, or labor done, at such time and upon
such terms and conditions the board of
| directors shall prescribe. No transfer OF stock
shall be admitted or held TO be valid or
binding so far as the company is concerned
unless made upon the books OF the company.
No sale or pledge OF stock shall be valid un-
less made upon the books OF the company. Nc
sale or pledge OF stock shall be valid unless
said sale or pledge is accompanied by a
written certificate, signed by the president
and secretary-treasurer of the company, to the
effect that said stock was offered TO the re.
naming stockholders through the board oil
directors, at its book value, for period OF
fifteen days, and they have failed or declined
r to purchase same.
. Stock sold or pledged in contravention tc
I this provision shall become the property Of
the stakeholder first rendering to the trans
fierce or Pledge its book value.
Article VAN powers of this corporation
shall be vested in, and the business and at
= fairs shall be managed by board of direc
tors, consisting of three directors, who shall
!, be elected annually at meeting of the stock
d holders on the first Monday in July of eacl
y year.
|, Article vI.-The first board of direction
y shall consist of J. Watkins White, S2l
e Apricot ST., New Orleans, La; Alexande
Campbell White Fdsrd re BaI5hi Ss Esw Or
: St., New Orleans, La.
e The said ]. Watkins White shall be pres
d ident and general manager, Edward Chassa
II Mol, vice-president and Alexander Campbell
White, secretary treasurer, of this corpora
s ton; all of whom shall hold Office until tn
d first Monday in July, 1916, or until their sue
cessors shall have been duly elected.
IS All elections shall be by ballot at the ofic
d of the company, under the supervision of tw
d commissioners TO be appointed by the boar
e of directors: Notice Of such meeting shall b
h delivered to each stakeholder in person, .
l. mailed to his last known address, at least te
5, days prior to such election, but this motto
Of may be waived by all of the stockholders.
n 4 all S.trh al ill
It of the stockholders every stakeholder shall b
4 entitled to one vote for each share of stoc
IS standing in his name, on the books of thi
2 company, at the date of the said electio
y or meeting; said votes TO be cast in perso
Z or by written proxy, and majority of vote
lie shall elect.
E. The failure to elect directors at the annu;
meeting shall not dissolve or affect the col
r poration, nor impair its management in an
y, respect, but the directors in Office shall r,
e, main in Office until their successors al
{, elected and qualified.
ID Each board of directors shall elect as 500
ii as possible after their own election a pres
in dent, vice-president and secretary-trea
y urer, and may grant to each officer such pow
ers as they deem fit.
I'd All vacancies in the board for whatey,
RS cause shall be filled by the remaining dire
n, tors. ANY member OF the board may appoir
n any other director his proxy to act in h
he place and stead at any meeting of the boar
IS Article Widths act of incorporation ma
NJ be modified, changed altered, or the sal
IN corporation may be dissolved, with the assei
III of two-thirds of the capital stock outstan,
ing, at a meeting of the stockholders col
vened for that purpose, and after ten day
u, notice has been given by registered lette
I. mailed to the last known address of eac
ne stakeholder. The said notice may be waiy,
T. by the unanimous consent of the stockhol
Oh ers.
st In case of the dissolution of the corpor
ton, its affairs shall be liquidated by Il
ny directors in Office a. the date Of its disso
IT. ton.
o. Article VIII.-No stakeholder shall ever
n. said corporation in any further sum than Il
ng shares of stock owned by him, nor shall ar
is mere informality in this charter have II
d. effect of rendering this charter null, or e
posing any stakeholder to any liability beyor
is the unpaid liability due on his stock
er Article IX.-The subscriptions of T. Wa
be kins White to this corporation for the amou
p OF three thousand dollars of stock or thir
n shares, and that of Edward Chassaniol. (
all the amount of three thousand dollars of stoc
er or thirty shares, covered by the transf
al TO this company on this date by the said
,r- Watkins White and the said Edward Cha
In saniol Of all of their right, title and intere.
II. in the property, good will and business
ed the partnership known as the White Rooh-
"A. and CONT acting Co.." of which the said
,r- Watkins White and Edward Chassaniol a
lie the sole and exclusive owners as partner
" said business consisting of the roofing, c
i'd ment and contracting business now conduct,
of by them at No. 723 Baronne street of the eli
n of New Orleans; the said business bel,
of transferred as a going concern in its entire