The herald. [volume] (New Orleans, La.) 1905-1953, 1916-02-17
CHAR TER

State Of Louisiana, Parish of Orleans, City
OF New Orleans.
BE it known, that on this ninth day Of
the month Of February, in the year OF our
Lord, one thousand nine hundred and six
teen. before me, EdOuard I. Henriques,
notary public, duly commissioned and quail
ned IN and for the parish Of Orleans, city of
New Orleans, State Of Louisiana, therein re-
siding, and III the presence OF the witnesses
hereinafter named and undersigned, person.
ally came and appeared. the several persons
whose names are hereunto subscribed, who
Sevcrally declared that, avaIlIng themselves
OF the laws Of the State of Louisiana, in such
cases made and provided, they have cove
nanted and agreed and bind themselves, as
well As all such persons may hereafter
become associated with them to form a cor
poratlOn for the objects and purposes and
under the articles and stipulatinos following,
tU-wit:
Article The name Of this corporation
shall be Plumbing and Mil Supply Company,
Inc, and under its said corporate name it
shall have power and authority to have and
ENJOY corporate existence and succession for
the full term and period Of ninety nine years
from and after the date hereof; to contract
to sue and be sued, to make and TO use a
corporate seal and the same to alter and
break at pleasure; to hold, receive, lease, pur-
chase and convey, well as mortgage and
hypothecate property, real, personal and
mixed, corporeal and InCorporcal; to name and
appoint such managers, agents, directors and
officers as its business interest and conyen-
|
| lish, as well as alter and amend from time
| to time such bylaws, rules and regulations
| tor the proper government of the affairs of
| said corporation as may be necessary and
| proper.
Article 1.-THE domicile Of this corporati0n
| shall be IN the city of New Orleans, State of
| Louisiana, and all citations or other legal
| process shall be served upon the president of
SAID corporation, or IN the event of his alb
Sence, upon the first vice-presdent thereof
| and in the absence of both Of said officers,
| upon the secretary-treasurer of said corpora
ton.
Article III.-The objects and purposes for
which this corporation is organized and es-
| tabllShed and the nature of the business to
be carried on by 1t are hereby declared to
| be- the carrying on of a general supply bus
| mess; to buy and sell, for their own account,
| as agents or on commission, plumbing goods
/ and supplies, plumbing specialties, including
iron ware, enamel and vitreous ware and
! brass and rubber goods used by plumbers
| steam goods and supplies, steam specialties
| engineers supplies and specaties, gas and
| electric appliances, sawmill, oil mill, rail
road and plantation machinery and supplies,
| and all articles and merchandise whatever
| connected with the plumbing and machinery
| business; and TO do all things incidental TO
| or connected with said business. This cor
| poratIon shall further have the right to ac-
quire patent rights to such materials. and
shall have the right to engage in the manu-
featuring and sale of the same.
| Article lN.-The capital stock OF this cor.
| poratiOn is hereby fixed at the sum OF 1fty
| thousand dollars and OOTOO (S50.OOOOO, di.
| vIded into and represented by five hundred
$500 shares OF the par value Of one hundred
| and O/lOO (SlOCOO) dollars each. Said stock
| shall be paid for in cash. or in such install
| ments at such time and after such notice 10
| subscribers as the board OF directors NAV fix.
or same may be issued at not less than par
| for labor done or services performed for said
| corporation, or for property or rights actually
4 received by said corporation
: Twenty-Five thousand and oOHOO C25,OoU
/ dollars Of the capital stock has been sub
| scrlbed to the corporation at the time of the
| passing of this act OF Incorporation, and this
| corporation shall become a going concern and
shall be authorized to commence business as
| soon as twenty-five thousand and 0O/lOO (S25-
| 0OO.OO dollars of its capital stock shall have
| been paid for, either in cash or for labor
| done, or services performed for said corpora
ton, or Tor property or rights actually trans
Article V.-The capital stock Of this cor.
| poration may be increased up TO the sum OF
| two hundred and fifty thousand and 90 /lOC
| dollars CS25O,0OOO0) By a vote OF two-thirds OF
| all the stock, at a meeting called for that
| purpose.
Article VI-Transfer Of stock shall be made
| only the books of the corporation, subject
| 10 such regulations and fOrmalities as the
| board Of directors may prescribe Any stock.
/ holder wishing to sell his stock must offer the
| same IN writing 10 the other stockholders
| through the board Of directors, at a price
| not exceeding the book value thereof, who
| shall have option to purchase all shares
Of stock to be disposed Of by sale, resigna.
| ton, death, or otherwise, Of any Of its mem.
| bers. and they shall have fifteen DAYS ir
| which to accept or decline said offer Should
| the board Of directors decline to purchase
| any stock, the stakeholder who has made the
| offer TO sell, may then dispose Of his STOCK
! in any manner at any price he may see
| fl. but any sale or transfer made by a stock
holder in violation Of this article shall b,
| void, and no transfer OF stock shall be mad,
| on the books Of the corporation unless n,
provisions the<eof are strictly complied with
| Article NIr-All the corporate powers o
this corporation shall be vested in and ex
five stockholders, three Of whom shall con
stitute a quorum for the transaction of bust