The herald. [volume] (New Orleans, La.) 1905-1953, 1916-03-09
CHARTER
OF PLUMBING x MILL SUPPLY co. INC.

OF PLUMBING x MILL SUPPLY CO., INC
State OF Louisiana, Parish OF Orleans, City
Of New Orleans.
BE it known. that on this ninth day of
the month of February, in the year of our
Lord, one thousand nine hundred and six
teen, before me, Edouard +. Henriques a
notary public, duly commissioned and quail
he'd IN and FOR the parish Of Orleans. city of
New OrleaHs, State Of Louisiana, therein re-
siding, and IN the presence OF the witnesses
hereinafter named and undersigned, person
ally came and appeared, the several persons
whose names are hereunto subscribed, who
severally declared that, availing themselves
of the laws of the State of Louisiana, in such
cases made and provided. they have cove
nanted and agreed and bind themselves, as
well as all such persons as may hereafter
become associated with them to form a cor
poratlon for the objects and purposes and
under the articles and stipulatinos following
to-wit:
Article 1.-The name Of this corporation
shall be Plumbing and Mill Supply Company
Inc, and under its said corporate name it
snail have power and authority to have and
enjoy corporate existence and succession for
the full term and period of ninety nine years
from and after the date hereof; to contract
to sue and be sued to make and to use a
corporate seal and the same TO alter and
break at pleasure; TO hold, receive, lease, pur-
chase and convey, as well mortgage and
hypo'hecate property, real, personal and
mixed, corporeal and incorporeal; to name and
appoint such managers, agents, directors and
officers its business interest and conyen-
renee may require, and to make and estab-
lish, as well as alter and amend from time
TO time such bylaws, rules and regulations
Tor the proper government of the affairs of
said corporation as may be necessary and
proper.
Article 1.-THE domicile of this corporation
shall be in the city OF New Orleans, State of
Louisiana, and all citations or other legal
process shall be served upon the president of
SAID corporation, or in the event of his abb
sence, upon the first vice president thereof
a nd n he ahcapra nf ~ & a
upon the secretary-treasurer of said corpora
ton.
Article III.-The objects and purposes for
which this corporation is organized and es-
tabllshed and the nature of the business to
be carried on by II are hereby declared TO
be: the carrying on of a general supply bus
mess; to buy and sell, for their own account,
as agents or on commission, plumbing goods
and supplies, plumbing specialties, including
iron ware, enamel and vitreous ware and
brass and rubber goods used by plumbers
steam goods and supplies, steam specialties
engineers supplies and specialtes, gas and
electric appliances, sawmill, oil mill, rail
road and plantation machinery and supplies
and all articles and merchandise whatever
connected with the plumbing and machinery
business; and TO do all things incidental to
or connected with said business This cor
poration shall further have the right to ac-
quire patent rights to such mateiia and
shall have the right to engage in the manu-
featuring and sale Of the same.
Article IV.-The capital stock of this cor
poratlon is hereby fixed at the sum of fifty
thousand dollars and OOIOO Cs5OOOOOO). di
vlded into and represented by five hundred
tS0O) shares Of the par value of one hundred
and D/lOO (sl0OOO dollars each. Said stock
shall be paid for in cash, in such install
ments at such time and after such notice TO
subscribers the board of directors NAV fix,
or same may be issued at not less than par
Tor labor done or services performed for said
corporation, or for property or rights actually
received by said corporation.
Twenty-Five thousand and 0O/iOO (S25G,O
dollars Of the capital stock has been sub
scribed to the corporation at the time of the
passing OF this act OF Incorporation, and this
corporation shall become a going concern and
shall be authorized to commence business as
soon as twenty five thousand and OO/lOO (S25-
nOOO) dollars Of its capital stock shall have
been paid for, either in cash or for labor
done, or services performed for said corpora.
ton, or for property or rights actually trans
ferred to it.
Article V.-The capital stock of this cor
poratIon may be increased up to the sum of
two hundred and fifty thousand and OO/lOO
dollars (S25O,0O00O) by a vote of two-thrds of
all the stock, at a meeting called for that
purpose.
Article VI.-Transfer Of stock shall be made
only on the books of the corporation, subject
70 such regulations and formalities as the
board Of directors may prescribe. Any stock
holder wishing TO sell his stock must offer the
same in writing to the other stockholders
through the board Of directors, at a price
not exceeding the book value thereof who
shall have an option TO purchase all shares
Of stock to be disposed Of by sale, resigna-
ton, death, or otherwise, Of any of its mem
beers, and they shall have fifteen days in
which to accept or decline said offer Should
the board OF directors decline to purchase
any stock, the stockholder who has made the
offer to sell, may then dispose of his stock
in any manner or at any price he may see
TT, but any sale or transfer made by stock
holder in violation of this article shall be
void, and transfer of stock shall be made
on the books of the corporation unless the
provisions thereof strictly complied with
Article VII.-All the corporate powers of
| this corporation shall be vested in and ex-
ercised by a board of directors, composed of
FIVE stockholders, three of whom shall con-