The herald., 1916-06-15
CHARTER.
OE NE RA-ND PAINT CO. INC.

United State, pi America. State II Louisiana.
City Of New Orleans.
BE il known, that on this tenth day If the
month Of May, IN the year one thousand, nine
hundred and sixteen; before me, Felix ].
Drcyious Notary Public. duly commissioned
and sworn IN i1r the Parish OF Orleans and
city 81 New Orleans, therein residing. per
ouullly appeared the persons whose nawrs
are hcreuutD subscribed. who declared that
ayoillug themselves OF the provisions OF the
law, II this State relative t. the orgauiza-
ton Of corporations, and more particularly
Act NJ. 1o7 OF the General Assembly of this
State, approved july .. 1914, they have GOV.
enauicd and agreed and do by these presents,
covenant and agree bind form and constitute
themselves well Is such persons who may
hereafter Join OF become associated with
them, into j corporation and body polite in
law, Tor the objects and purposes and under
the agreements and stlpulatiOnS following,
tU-wit:
Article 1.-The name and style OF this cor
poratIOu shall be; "Ra-NO Paint Co. Inc,
and under that name II shall have and enjoy
all the rights, advantages and privileges
granted by Law to corporations; II shall ex-
ISt for the period of ninety-nIne yeaSs from
this day; II shall have power TO contract, sue
and be sued IN ITS corporate name; 10 make
and use a corporate seal; and the same TO
break or alter at pleasure; to hold, receive,
purchase, convey, mortgage, hypothecate OF
pledge property both real and personal; 10
issue bonds, notes and other Obligations or
negotiable instruments; to have and employ
such managers, directors, officers agents and
| other employees as the interest and conven-
fence OF said corporation may require or de-
mand; to make and establish such bylaws,
| rules and regulations for the corporate man.
agement and control OF the affairs OF the
corporation may be deemed necessary and
Article 1.-THE domicile 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.
which this corporation is formed, and the
nature of the business to be carried on by
it, are hereby declared 10 be: to manufac-
] ture sell, buy, deal in, consgn and receive
| on consignment, paints, oils, brushes, glass
ware and other materials of like character,
and 10 do a general contracting business and
generally to engage IN and carry on any
| other enterprise business which may be
gernane or incidental to, or connected with,
| the purposes hereinabOve set forth or con-
| templated by this charter.
| Article lV.-The capital stock OF this cor.
| poration is liked at the sum OF five thousand
| $500 dollars, divided into fifty shares OF
| 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
| sum of twenty five thousand dollars, TO be
| divided into shares of one hundred SlOc)
dollars each, provided said increase in the
| capital stock shall have been authorized by
| the stockholders at a meeting to be held Pur-
suant to the provisions OF Article OF this
! charter.
| Article V-All the corporate powers OF the
| company shall be vested in, and the man
| agement and control Of its affairs shall be
| exercised by a Board Of Directors composed
! ~ l. ., has n ~ nuh 4
| board may be increased to five. majority
| Of the directors shall constitute quorum
| for the transaction of all business. The d.
| rectors shall be elected annually by ballot,
| by the stockholders, on the tIrst Monday IN
January in each year. Each stockholder
| shall be entitled III person or BY proxy 10
a vote for every share owned by MIN, ana
! all elections shall be held under such rules
and regulations as may be determined by
the Board Of Directors, after fifteen days
notice by mail Of such election shall nave
been sent to each stakeholder al his last
known address. The directors thus elected
shall continue in office for one year, or untii
their successors shall have been duly elected
and qualified No failure to elect shall 6t
regarded as A forfeiture of this charter Any
vacancy occurring on said board shall b'
filled by the remaining directors tor the un
expired term; the said board shall hkewls'
elect the additional members IN case they
should determine 10 increase the number o
s,id hoard. Said Board of Directors shall
at its first meeting after its election, nom
mate out Of its number, president, vice
president and treasurer, ana secretary
Said board shall have the right TO consoli
date any two of the said offices into one, o
to segregate said offices, as also the righ
70 appoint and dismiss such clerks. manager
and other employees of the corporation a
conditions may justify or the business OF IN
! corporation may require. The tenure OF OF
! flee of all the employees Of the corporation
shall be during the pleasure of the Board o
, Directors. Any of the directors or officer
sbaIl have the right to appoint by writte'
instrument, another director or stoekholde
TO act as his proxy and in his stead at an,
and all meetings of the Board OF Directors