The herald., 1915-04-08
opdmisric The.snt
Well has he lived who has lived well
d obscurity.
CHARTER
OF CRESCENT BROOM COMPANY, INC.


lie IT known, that on this the twenty nntl
day OF the month of March, in the year o.
Our Lord, one thousand nine hundred and IF
| teen, and of the Independence of the United
States of America the one hundred and thirty
| ninth, before me, Alexis Brian, a Notary
| Public duly commissioned and qualified with
| IN and for the Parish OF Orleans, State OF
| Louisiana, and in the presence of the wit
nesses hereinafter named and undersigned
personally came and appeared the several
| persons whose names are hereunto subscribed
who severally declared that, availing them
| selves of the benefits and provisions OF the
| constitution of the State of Louisiana and OF
the laws of said State relative to the organ
| lzation of corporations, and particularly OF
| the provisions of Act No. 267 of the Acts OF
the General Assembly of the State of Louis.
lana for the year 1914, they have united to
form, and do by these presents form and or.
game themselves, well as all such other
persons who may hereafter join or become as.
| Sociated with them or their successors into
a stock corporation for the objects and pur.
poses and under the covenants, stipulations
and agreements following, to-wit:
Article 1.-The name and title of this cor.
| poration shall be Crescent Broom Company,
| lnc,' and under and by said name, unless
! sooner dissolved in accordance with law and
| this charter, IT shall exist and continue, and
| stall have anu ENJOY corporate existence and
| succession for period OF ninety-nne (99)
years from and after the date of this act. 1t
| may have, Told receive, borrow, loan, ex-
| change, acquire by grant, gift purchase, de-
wise or bequest, sell, ALLEVIATE, dispose of,
| convey, lease, pledge, pawn, hypothecate, en-
cumber or mortgage property of any kind,
whether real, personal mixed, corporeal or
| lncorpoTeal, movable or immovable, all sub
| ject to such limitations as may be prescribed
| by law. 1t may make, issue and endorse
| bonds or notes and other evidence of debt.
| II may accept mortgages, pledges or other
| forms OF security for money loaned other
| debts. 1t may contract, sue and be sued,
plead or be implicated by its corporate name
IN any court Of competent jurisdiction. 1t
may make, adopt and use common seal and
| alter the same at pleasure. 1t may hold stock
| in other corporations, and its capital stock
| may be issued for capital stock in other cor
| porations. 1t may name, appoint and employ
such managers, directors, officers, agents and
other employees its interest, business and
convenience may require, and may fix their
compensation, having due regard to the ma
ture, character and value of their services. 1t
may make and establish bylaws, rules and
| regulations, not inconsistent with this charter
| or any existing law, fixing altering the
management OF its property, the regulation and
government of its affairs, and the manner of
the certihcation and registration of its stock
1t may wind up and dissolve itself, or be
wound up and dissolved in the manner pre-
scribed by law. 1t may conduct business in
this state, other states, the federal districts,
the territories and possessions of the United
States, and any foreign country. And it
generally shall possess all the powers, rights,
privileges and immunities which corporations
are ana may hereafter De authOrlZed to pos
sess under the constitution and laws of this
state, and particularly under Act No. 267 of
the acts of the General Assembly of the State
of Louisiana for the year 1914. And it shall
have the power to invest its board of direc-
tors with all of its corporate powers, subject
to such restrictions as may be named in this
charter.
Article 1.-THE domicile of this corporation
shall be at the City of New Orleans, Parish
of Orleans, State of Louisiana, and all cita-
a. Kill II 4
upon its president, in the event of his
absence upon its vice president, or in the
event of the absence of both of said officers
upon its secretary-treasurer.
Aticle lII-The purpose purposes for
which this corporation is formed and the ma
ture of the business to be carried on by it
are hereby declared to be: To manufacture,
buy, sell, import, export and generally deal in
goods, wares and merchandise of every kind
and description, and particularly brooms,
brushes, busters and mops of all classes and
description, broom corn, broom handles,
Irvine, wire, and all other articles incident
making, sale or disposition of said brooms,
brushes, busters and mops. To either pur-
chase, build or rent, acquire, hold and operate
and sell otherwise dispose of such lands,
buildings, warehouses, stores, factories and
equipment or other property as the business
of the corporation may require; and generally
to perform all the acts incident to a manu-
featuring or mercantile corporation, and to
deal in such other goods, wares and merchan-
disc as are usually manufactured or dealt IN
by manufacturers and dealers in similar lines
of business to those engaged in by this cor
poration.
Article IV-The authorized capital stock of
this corporation is hereby declared TO be the
sum of twenty thousand dollars (S2O,OOO which
capital stock may be increased in the manner
provided by law to the sum of nifty thousand
(S50,OO0). The presently authorized capital
stock of this corporation is to be divided into
and represented by two hundred (1OO) shares
of common stock of the par value OF one hum
dred dollars $4,000 each; but this corpora
ton shall have the power to create two or
more kinds of stock of such classes, with such
designations, preference and voting powers or
restrictions or qualifications thereof as 1t may
see fit Said capital stock shall be fully paid
and nom assessable when issued and shall be
represented by certificates and shall be per,
sonal property. No transfer of said capital
stock shall be binding upon this corporation
unless made in accordance with its charter
and bylaws and recorded on the books there
of
Article V-No stakeholder may offer for sale
assign transfer his stock IN. tins corpora
ton without giving to the other stockholders
thirty (3O) days prior notice of such intention,
which notice shall be given in writing to the
secretary treasurer, and the other stocknold-
ers shall have the first privilege OF purcnasc
ing the said stock at the book value thereof
for a period of thirty C30) days from the de-
livery of said notice TO the secretary-treas-
urer, after which thirty 600 days if said stock
holders do not avail themselves OF said
privilege said stock may be sold to whomso-
ever the stakeholder may see mt.
Article VI-The business of this corpora
ton shall be managed and all the corporate
powers thereof, except as hereinafter stated,
shall be vested in and exercised by board
of five 80 directors to be elected from among
its stockholders, three of whom either present
in person or represented by proxy shall con-
stitute quorum. No stakeholder shall be
eligible as director unless FIVE (S) shares OF
the capital stock of this corporation shall
belong to him in his own right and stand in
first board of directors of this corporation
shall be composed of Sidney c. Bertoniere,
whose post Office address is 1915 Crete street, |
New Orleans, La; Gustave Oertling, 4l6S
Canal street, New Orleans, La; Philip l.. |
Kramer, 4l6S Canal street, New Orleans, La. |
Evariste c. Bertoniere, 1904 Grand Route St. |
John, New Orleans, La, and Chester 6. |
Oertling, 4l6S Canal street, New Orleans, La, |
with Sidney c. Bertoniere as president, Gus |
tave Oertling as vice-president and Philip L;
Kramer as secretary-treasurer. Said board of
directors shall serve until the first annual
meeting of stockholders for the election of
directors, or until their successors are elected |
and qualified.
nary, 1916, and annually thereafter on the |
third Monday in January in each year,
meeting of the stockholders of this corpora
ton shall be held at its domicile for the pur- |
pose Of electing directors for the ensuing |
year; and at such meetings the stockholders /
he election of directors. A failure from any |
cause whatsoever to hold the annual meeting |
,f stockholders, or the failure to elect direc- /
ors thereat, shall not dissolve this corpora /