The herald., 1915-04-01
CHARTER
OF THE c. A. PARDUE CO., INC.

Ot IhE Z. A. PAkDUE w., Inv.
United States of America: State of louisiana,
Parish OF Orleans, City OF New Orleans.
BE 1t known, that on this twenty-tourth
day of the month of February, in the year OF
our Lord, one thousand nine hundred and nj
teen, and of the independence OF the United
States of America, the one hundred and
thirty ninth, before me, Charles SchneIdau,
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 undersigned, personally came and
appeared, the persons whose names are here
unto subscribed, all of full age, who declared
to me, notary, in the presence of the under
signed witnesses, that, availing themselves
of the provisions of the laws of the state OF
Louisiana relative to corporations, they have
covenanted 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 a corporation and body
polite in law for 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 C. A. Pardue Company,
incorporated, and its domicle is hereby
tablished at 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 to 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
as the interest or convenience OF SAID cor
poration may require; to 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 to change or 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 9O
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
nature of the business to be carried on by it,
are 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 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 III.-The capital stock of this
| poraton shall be the sum of seventy-fve
| thousand dollars (S75,OOOOO)), divided into and
represented by seven hundred and fifty 75OJ
shares of the par value of one hundred dol
| lars (Sl00) 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 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, for services actually
| rendered.
| transferred; provided that the annexed ac-
curate detailed and itemzed description of
property, as to amount, location, extent, char
acter 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 900 days prior notice of any such in
tention to sell, assign or transfer the same lie
gwen 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
non 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
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
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
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 othce 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
following persons shall be and constitute the
Board Of Directors of this company, Charles
7. Pardue, Sherman p. Pardue, Oscar G.
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
90 members of the board shall constitute
quorum tor the transaction of business and
their decisions shall be valid corporate acts.
AT 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 may