The herald. [volume] (New Orleans, La.) 1905-1953, 1916-06-01
CHARTER.
OF TIE RA-NO PAINT co. ING

! United State, OF America. State Of Louis:ao,
City Of New Orleans
he II known. that on this tenth dav Of the
month OF May, in the year one thousand. nine
| hundred and sixteen before me. Felix I
| Dreyious Notary Public, duly commissioned
| and sworn IN IOT the Parish Of Orleans and
| 'uy OF New Orleans, therein residing per
Sora!ly appeared the persons whose names
are hereunto subscribed, who declared that,
ayailiug themselves of the provisions OF the
| laws Of tins State relative TO the organize
ton OF corporations, and more particularly
Act No. 267 OF the General Assembly OF this
state, approved July 9. 1914, they have COW
enanted and agreed and do by these presents,
covenant and agree bind form and constitute
themselves As well as such persons who may
hereafter join or become associated with
them, into 4 corporation and body polite in
Law, tor the objects and purposes and under
the agreements and s,ipulatiOns following
tO-wit:
Article The name aud style Of this cor.
poration shall be; "Ra-No Paint Co. Inc,
and under that name II shall have and enjoy
all the nights. advantages and privileges
granted by law 70 corporations; II shall cN-
ISt for the period Of ninety-nine yeaSs from
this day; it shall have power to contract, sue
and be sued in its corporate name; 10 make
and a corporate seal; and the same TO
break or alter at pleasure; to hold, receive,
purchase, convey, mortgage, hypothecate or
pledge property both real and personal; to
issue bonds, notes and other obligations or
negotiable instruments; to have aud employ
such managers, directors, officers agents and
other employees as the interest and conven-
fence OF said corporation may require de.
mand; to 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 domicile of said corpora
tion 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
which this corporation is formed, and the
nature OF the business TO be carried on by
II, are hereby declared 10 be: 10 manufac-
ture sell, buy, deal in, consigu and receive
on consignment, paints, oils, brushes, glass
ware and other materials OF like character.
and TO do a general contracting business and
generally TO engage IN and carry on any
other enterprise or business which may be
germane or incidental to, or connected, with,
the purposes hcreinabove set forth
templated by this charter.
Article Iv.-The capital pck OF this cor,
poration Is fixed at the sum of five thousand
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 sock
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
sum OF twenty thousand dollars, 10 be
divided into shares OF one hundred NlOO)
dollars each, provided said increase in the
capital stock shall have been authorized by
the stockholders at meeting TO be held pur-
suant to the provisions OF Article V OF this
charter.
Article N-All the corporate powers OF the
company shall be vested in, and the man
sgement and control of its affairs shall be
exercised by a Board OF Directors composed
OF four stockholders, the membership OF which
board may be increased to five. A majority
of the directors shall constitute a quorum
for the transaction of all business. The di-
rectors shall be elected annually by ballot,
by the stockholders, on the first Monday IN
January in each year. Each StoCkhoIdeT
Shall be entitled in person or by proxy to
vote for every share owned by him, and
all elections shall be held under such rules
and regulations as may be determined by
the Board of Directors, alter fifteen days
notice by mail OF such election shall have
been sent TO each stakeholder at his last
known address. The directors thus elected
shall continue in office for one year, or until
their successors shall have been duly elected
and qualified. No failure to elect shall be
regarded as a forfeiture of this charter. Any
vacancy occurring on said board shall be
filled by the remaining directors tor the I'M
expired term; the said board shall likewise
elect the additional members m case they
should determine 10 increase the NUMBER OF
said board Said Board OF Directors shall
at its frst meeting after its election, nom
mate out of its numbeL. q president, vice
president and treasurer, and . secretary.
said board shall have the right to consoli-
date any two of the said offices into one, or
to segregate said offices. as also the right
to appoint and dismiss such clerks, managers
and other employees of the corporation as
conditions may justify or the business OF the
lcn-,nrat,np The tenure OF OF