The herald. [volume] (New Orleans, La.) 1905-1953, 1916-10-26
CHARTER
PELICAN DRI.CRETE CO., INC.

fELlS<iN DNl-OhElC w., I'M.
State of Louisiana, Parish of Orleans, City
of New Orleans.
Be it known that on this 9th day of Sep.
tentber in the year of our Lord one thou
sand nine hundred and sixteen, before me,
Herbert w. Kaiser, notary public in and
for the Parish Of Orleans, State of Louisi.
ana, duly commissioned and qualified, and
in the presence of the witnesses hereinafter
named and undersigned, personally came and
appeared: the persons whose names are here
unto subscribed. who severally declared that,
availing themselves of the laws of the State
of Louisiana, they have contracted and
agreed, and do by these presents covenant
and agree and bind themselves, as we'll az
all such persons as may hereafter join and
become associated with them, to form and
constitute, and do hereby constitute cor
poration, for the objects and purposes, and
under the articles and stpulations and con-
ditions following, to-wit:
Article 1.-The name and title of the cor
poration hereby formed shah be Pelican
Dri-Crete Co., Inc, with domicile in the
City of New Orleans, State of Louisiana, and
under said corporate name it shall have and
years from date; to contract, sue, and be
sued; and make and use corporate seal and
the same to break and alter at pleasure; to
hold, receive, purchase. lease and convey,
as we'll as mortgage and hypothecate prop
erty, real and personal and mixed, corpo-
real and incoTporeal.
Article 1.-The object: and purposes for
the nature of the business to be carried on
are hereby declared to be the manufacture
and sale, at wholesale and retail of a COM
modify, or commodities, for use in water
PROBING or damp PROBING cement plaster,
bricks, lumber and such other things as may
be made more serviceable or marketable,
and for the manufacture and sale, at whole
sale and retail, of such other analogous COM
modities and of such ingredients necessary
Ind i'm
portation and expectation Of any goods or
merchandise. and the sale of goods on com,
mission, and, in fact, the buying and selling
at wholesale and retail of any merchandise
without any restriction whatsoever, with the
right and power to do any and all things
necessarily connected with, or in any man
neI incidental to-. the aforesaid purposes.
Citations shall be served upon the presj-
dent Of the corporation, in his absence from
the city upon the vice-president, and in the
| absence OF both. upon the secretary.
Article 3IIhe capital stock of this cor.
thousand dollars CssO,oOoOO with the privi.
lese OF increasing same to seventy-five thou
sand dollars ts7s,OooOO). divided into FIVE
bhu unded STo share. .so at par value of one
shall be paid in cash or in the purchase Of
| property: 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 NAV
be designated by the board of directors.
No sale or transfer of stock shall be valid
or binding until the transfer is made on the
books of the corporation, and no transfer
shall be made on the books until evidence
IS exhibited to the secretary that the offer
| OF sale has been made to the president, and
one week has elapsed since the offer was
made.
This charter shall be in full force and
effect and this corporation shall be a going
concern as soon as twenty-five thousand dol.
lars (s2S,0m00) of the capital stock shall
have been subscribed for.
Article IV.-All of the corporate powers
of this corporation shall be vested in and
exercised by a board Of directors, to be com.
posed of not less than seven stockholders
to be elected on the 3rd Monday Of Decem-
Der of each year, unless said day be a legal
holiday, in which event they shall be elected
on the next bank day thereafter. All such
elections shall be by ballot and conducted
at the Office Of the corporation under the su-
pervision of two commissioners to be ap-
pointed by the board of directors, and of
such election written notices shall be mailed
by registered letter to the post Office address
of each stakeholder who has in writing des-
ignated his post Office address; not more
than twenty, and not less than ten days
Counting the day Of mailing and the day
of election) prior to the date Of Such cleo
ton. Should any stakeholder fail to desig-
nate his post Office address in writing Il
shall be sufficient 10 mail 10 him letter
addressed to general delivery City Of New