The herald., 1916-06-22
CHARTER.

I....i mr. kA,NO FAINT co. INC.
'N!ted states OF America, State OF IouiSiar,
! - iiiy Of New Orleans.
be II SHOWN, that on this tenth dav Of th.
hoh5H OF May. III the year one thousand. min.
DreyfOus a Notary Public. dulv Co1,r,;ssi[-
! ana sworn IN Tor the Parish Of Orleans Ind
Ky OF New Orleans, therein residing me-
| slH'tIS appeared the persons whose namrs
! are .'sreu:ilp subscribed, who declared thar
| aFai'ing themselves OF the provisions ~ tbS
| laws OF TINS State relative TO the organic.
| 40. ~ corporations, and more particularly
| HC' Np. 20 81 the General Assembly OF his
state approved July ., 1914, they have COW
cn4nied and agreed and do by these present.
covenant and agree bind form and constitute
baT..1tiEe' as well a. such persons who may
hereafter JOIN or become associated with
| iheW' INTO a corporation and body polite in
| law, Tor the objects and purposes and under
! the agreements and stipulations following.
Article The name and style of this cor
porahon shall be; "Ra-NO Paint Co Inc"
ana under that name 1t shall have and enioy
all the rights, advantages and privilege,
granted by law 10 corporations; It shall ex-
Isl tor the period Of ninety-nIre yeaxs iron,
inns day; It shall have power to contract, sue
ana De sued IN ITS corporate name; to make
ana use a corporate seal; and the same 10
break Or alter at pleasure; to hold receive
purchase, convey, mortgage, hypOthecate or
piedSe property both real and personal; 10
issue bonds, notes and other obligations or
Hcgouaoie instruments; to have and employ
slcn managers, directors, officers agents and
other employees as the interest and conyen. |
renee OF SAID corporation may require or de- |
mand; 10 make and establish such bylaws |
rules and regulations TOR the corporate man.
agement and control OF the affairs of the
corporation as may be deemed necessary and |
expedient.
Article 1.-The domiciIe of said CORPORA. |
ton shall be established in the City of New |
Orleans, State OF Louisiana, and all citations |
and other legal process shall be served on the |
President; IN his absence, on the Vice. Presi. |
dent; and IN the absence OF both on the Sec
Rotary.
Article III-The objects and purposes for
when ms corporation IS formed, and the
nature OF the business TO be carried on by |
1t, are hereby declared TO be: 10 manufac-
ture sell, buy, deal in, consign and receive
on consignment, paints, oils, brushes, glass
and 70 do a general contracting business and
generally 10 engage IN and carry on any
other enterprise or business which may be
germane or incidental to, or connected, with, |
the purposes hereInabOve set forth or con- |
,empla;ed By thIS charter.
Article lN.-The capital stock OF this cor
poratlon IS hxed at the sum OF five thousand
5000 dollars, divided into fifty shares of
the par value OF hundred dollars each
All shares of stock shall be full paid and
non assessable. No transfer of stock shall
be binding upon the corporation unless made
upon ITS books, and all certificates OF stock
shall be signed by such officers as may be
designated by the Board of Directors.
This corporation shall have the right to
increase its capital stock up TO the further
,um OF twenty-five thousand dollars, to be
divided into shares Of one hundred $500
dollars each, provided said increase in the
apItal stock shall have been authorized by
he stockholders at meeting to be held pur-
udnt 10 the provisions OF Article OF this
harter.
Article V.-An the corporate powers of the
ompany shall be vested in, and the man
gement and control Of its affairs shall be
Xercised by a Board Of Directors composed
'oard may be increased to five. A majority
4 the directors shall constitute a quorum
or the transaction OF all business. The di-
ectors shall be elected annually by ballot,
anuary in each year. Each stakeholder
hall be entitled IN person or by proxy TO
vote for every share owned by him, and
u elections shall be held under such rules
he Board of Directors, after fifteen days
office by mail of such election shall have
cen sent to each stockholder at his last
no~n address. The directors thus elected
hall continue in office for one year, or until
heir successors shall have been duly elected
nd qualified. No failure to elect shall be
egarded as a forfeiture of this charter. Any
acanCy occurring on said board shall be
He'd by the remaining directors for the I'M
xpired term; the said board shall likewise
lect the additional members in case they
hould determine TO increase the number of
aid board. Said Board Of Directors shall
its first meeting after its election, NOM
nate out of its number, president, vice
resident and treasurer, and a secretary.
aid board shall have the right TO CONSOLE
ate any two of the said offices into one, or ,
segregate said offices, as also the right ,
appoint and dismiss such clerks, managers
nd ether employees of the corporation as
onditions may justify or the business of the ,
operation may require. The tenure of Of
&C of all the employees of the corporation
nall be during the pleasure of the Board Of '
irectors. Any of the directors or officers
iall have the right TO appoint, by written
lstrument, another director or stakeholder
act as his proxy and in his stead at any !
nd all meetings of the Board of Directors.