The herald. [volume] (New Orleans, La.) 1905-1953, 1916-11-09
CHARTER
PELICAN DRI-CRETE CO.. INC
State of Louisiana, Parish of Orleans, City
Of New Orleans


State of Louisiana, Parish of Orleans, City
of New Orleans.
BE it known that on this 10Th day of Sep
TEMPER, in the year of our Lord one thou
sand nine hundred and sixteen, before me,
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 as
all such persons as may hereafter join and
become associated with them, 20 form and
constitute, and do hereby constitute cor;
poration, for the objects and purposes, and
under the articles and stipulations and con-
ditions following, to-wit:
Article 1.-The name and title of the cor
poration hereby formed shall 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
enjoy success ion for period of ninety-nine
years from date; to contract, sue, and be
sued; and make and use a 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 incorporeal
Article II.-The objects and purposes for
| which this corporation is established, and
| 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, commodities, for in water
| PROBING or damp proofng cement plaster,
bricks, lumbeI and such other things as may
be made more serviceabe or marketable,
| and for the manufacture and sale, at whole
| sale and retail, of such other analogous COM
| modities and of such ingredients necessary
for the manufacture thereof, including 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.
ner incidental TO, the aforesaid purposes.
Citations shall be served upon the presi-
dent OF the corporation, in his absence from
the city upon the vice president, and in the
!, absence of both, upon the secretary.
Article 3.-The capital stock OF this cor
poration is hereby fixed at the sum Of fifty
thousand dollars CsSo,OoooO with the priv.
lege of increasing same to seventy-fve thou
hundred $500 shares a: par value of one
hundred dollars Gl0o0) per share, which
; shall be paid in cash or in the purchase Of
property: All shares of stock shall be full
shall be binding upon the corporation unles.
made upon its books, and all certificates Cd
stock shall be signed by such officers as may
be designated by the board of directors.
No sale or transfer of stock shall be valiC
. or binding until the transfer is made on tn,
] books of the corporation, and no transfe
shall be made the books until evidenc,
is exhibited to the secretary that the offe
of sale has been made to the president, anC
: one week has elapsed since the offer wal
made.
l This charter shall be in full force ant
: effect and this corporation shall be goin,
! concern as soon as twenty-five thousand dol
! lars (s2S,0O00O) of the capital stock shall
I have been subscribed for.
Article IV.-All of the corporate power
of this corporation shall be vested in an
{ exercised by a board of directors, to be com
, posed of not less than seven stakeholder
, to be elected on the 3rd Monday of Decem
Der of each year, unless said day be lega
, holiday, in which event they shall be electe,
on the next bank day thereafter. All sucl
elections shall be by ballot and conducte,
at the Office Of the corporation under the su
pervision of two commissioners to be ap
pointed by the board of directors, and o
such election written notices shall be MALE,
! by registered letter to the post Office address
Of each stakeholder who has in writing des
ignated his post Office address; not NOR
than twenty, and not less than ten day
Counting, the day of mailing and the da,
Of election) prior to the date of such cleo
ton. Should any stakeholder fail to .desig
nate his post Office address in writing y
shall be sufficient 10 mail to him lette
addressed 70 general delivery City Of Ney