The herald., 1915-04-29
CHARTER
or CRESCENT BROOM COMPANY, INC.

Of INC =
safes of America, the one hundred and thirty.
ninth. before me, Alexis Bran, SotaIy
Public duly commissioned ard qualiheu ~ !;
in and for the Parish OF orleans, St4'e
louisiana and in the presence OF Ine
rsss.s hereinafter named and undersigned,
personally came and appeared the sever a.
n-rsons whose names are hcreunto subscriber
who severaliy declared that, araiihs tHe 90
selves of the dement's and provisions OF 'IF
constitution of the State OF LOUISIANA ana OF
m. laws of said State relative 10 the organ
ization of corporations, and particularly OF
the provisions of Act No. 2o7 OF the AGts OF
the General Assembly OF the State Of LOUIS
lana fer the year 1914 they nave uni. mt " "
form. and do BY these presents form ana or
gsnize themselves. as we'll as all such oser
persons who may hereafter JOIN or become as
ISOLATED with them or their successors; nv
stock corporation for the objects and pu.
poses and under the covenants, supulSuohs
and agreements following, to-wIt:
Article The name and title Of this cor
marathon shall be Crescent Broom Company,
Inc" and under and by said name, uhIess
sooner dissolved in accordance with law ah9
TINS charter, II shall exist ard continue, ana
stall have and enjoy corporate existence ana
succession Tor Z period OF ninety nine W
wears from and after the date Of this act II
may have, Tod. receive, borrow, loan eS-
change. acquire by grant gift or purchase oe
wise or beQuest, sell. ALLEVIATE, dispose o.
convey, lease, pledge, pawn, hypothecate; en-
cumber or mortgage property OF any KIND
whether real, personal or mixed, corporesl OF
incorporeal, movable or immovable, all SUB,
ject to such limitations as may be pTescrioed
by law Ii may make, issue and endorse
bonds or notes and other evidence OF deot.
1t may accept mortgages, pledges or other
forms OF security for money loaned or other
debts. II may contract, sue and De sueo'
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
NAV be issued for capital stock IN other cor
porations 1t NAV name, appoint and employ
such managers, directors, othceTs, agents ana
other employees as its interest, business ana
convenience may require, and may hH their
csmpe n alton, 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 or altering the
management OF its property, the regulation and
government OF its affairs, and the manner OF
the ceTtihcation 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 II
generally shall possess all the powers, rights,
privileges and immunites which corporations
are and may hereafter be authorized to pos
sess under the constitution and laws OF this
state, and particularly under Act No 2oI 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
tons or other legal process shall be served
upon It's president, or IN the event OF his
absence upon its vice-president, or in the
event OF the absence of both of said officers
upon its secretzry-treasurer.
Aticle III-The purpose or purposes for
which this corporation is formed and the ma
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
to suitable for use in the manufacture,
making, sale or disposition OF said brooms,
brushes, busters and mops. To either pur-
chase, build rent, acquire, hold and operate
and sell or otherwise dispose OF such lands
buildings, warehouses, stores, factories and
equipment or other property the business
ot the corporation may require; and generally
10 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
'f business to those engaged in by this cor
Doration.
Article Iv-The authorized capital stock of
his corporation is hereby declared TO be the
sum of twenty thousand dollars $4,000 which
capital stock may be increased in the manner
provided by law to the sum of fifty thousand
$4,000. The presently authorized capital |
stock of this corporation is to be divided into |
Ind represented by two hundred (20O) shares |
II common stock of the par value of one hun |
ired dollars $4,000 each; but this corpora |
ion shall have the power to create two or
more kinds Of stock of such classes, with such |
designations, preference and voting powers or
estrictions qualifications thereof as it may
zee mt. Said capital stock shall be fully paid |
md non-assessable when issued, and shall be |
represented by certificates and shall be per- |
'onal property. No transfer of said capital |
tock shall be binding upon this corporation |
Unless made IN accordance with its charter |
md bylaws and recorded on the books there |
f.
Article V-No stakeholder may offer for sale |
Issign or transfer his stock in this corpora |
ion without giving to the other stockholders |
hirty (D) days prior notice of such intention |
which notice shall be given in writing to the |
secretary treasurer, and the other stockhold- |
rs shall have the first privilege of purchas- |
ng the said stock at the book value thereof |
or a period of thirty (sO) days from the de- |
livery OF said notice to the secretary-trcas-
lrer, after which thirty (,o) days if said stock |
FOLDERS do not avail themselves OF said |
privilege said stock may be sold to whomso-
yer the stakeholder may see fit.
Article VI.-The business of this CORPORA
ION shall be managed and all the corporate
overs thereof, except as hereinafter stated.
hall be vested in and exercised by board |
4 i've (O directors to be elected from among
IS stockholders, three of whom either present
n person or represented by proxy shall con-
titute quorum. No stakeholder shall be
iisiole as director unless FIVE (s) shares of
ne capital stock of this corporation shall
'elong to him in his own right and stand in |
rs name on the books Of the corporation. The
rst board of directors of this corporation
hall be composed of Sidney c. Bertoniere.
whose post Office address is 1915 Crete street
,ew orleans, La; Gustave Oertling, 4l6 /
anal street, New Orleans. La; Philip [.
S.ramer, 4Ies Canal street, New Orleans, La
-variste I. Bertoniere, 1904 Grand Route St
ohm. New Orleans, La, and Chester G.
'ertiing, 4l6S Canal street, New Orleans. La.
'ltn sidney Z. Bertoniere as president. Gus. |.
ave Oertling as vice-president and Philip /.
.ramer as secretary-treasurer. Said board of
directors shall serve until the first annual
leetlng OF Stockholders for the election OF
nd qualified
Article VII.-On the third Monday in Jan.
airy, 1910, and annually thereafter on ~.
nird Monday in January in each year
leetng OF the stockholders of this cornora.
ION shall be held at its domicile for the mr.
ose OF electing directors for the ens,,ino
ear; and at such meetings the stockhold.Ts
nail nave the right of cumulative voting in
Ne election OF directors. A failure from any
stockholders, or the failure to elect d;rccs
'rs tnereat, shall not dissolve this cornora.
on, but the directors and officers then !, |
NICE snail remain IN Office until their s,,cees |