The herald. [volume] (New Orleans, La.) 1905-1953, 1916-03-23
TED

CHARTER
OF Pill MBlNG X MILL SUPPLY CO., INC
State Of Louisiana. Parish OF Orleans, City
Of New Orleans.
BE 1t 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 commits stoned and duali-
he'd IN and Tor 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
poration for the objects and purposes and
to-wit:
Article 1.-The name of this corporation
shall be Plumbing and Mill supply Company,
Inc, and snder its said corporate name it
shall have power and authority to have and
ENJOY corporate existence and succession for
the full term and period of ninetv-nine wears
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, well as mortgage and
hypothecate property, real personal and
mixed corpcTeal and incorporate to name and
appoint such managers, agents, directors and
OHlOtIo dS us business interest and COuyen-
renee may require, and to make and estab-
Ilsh, as well as alter and amend from time
10 time such bylaws, rules and regulations
Tor the proper government OF the affairs of
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 an
sence, upon the FIRST vice-presideut thereof
and IN the absence Of both Of said officers.
upon the secretary-tTeasurer Of said corpora
ton.
Article IIL-The objects and purposes for
which this corporation IS organized and es-
tablIshed and the nature Of the business TO
be carried on by II are hereby declared to
De: the carrying on OF a general supply bus
mess; 10 buy and sell. for their own account.
as agents or on commission. plumbing goods
and supplies, plumbing specialties, including
IRON ware, enamel and vtreouS ware and
brass and rubber goods used by plumbers
steam goods and supplies, steam specialties
engineers supplies and Specialties gas and
electric appliances, sawmIll, oil mill, rail-
ROAD ana plantation machinery and supplies
and all articles and merchandise whatever
connected with the plumbing and machinery
business; and - do all things incidental 10
or connected with said business. This cor
poraton snail further have the right 10 &C
quire patent rights to such materials and
shall have the right to engage If the manu-
iaGtuuns and an. sale OF the same;
NiAlCit lN.-lnc capital stock OF this
poration IS hereby hxed at the sum of fifty
thousand dollars and OONOO $4,000 cor. d.
vlded into and represented by five bundled
lo'D shares OF the par value OF one hundred
ana U/lp tSIUruCD dollars each Said stock
shall be paid for in cash, or in such install
ments at such time and after such notice IN
subscribers as the board Of directors NAV 6I
or same may be issued at not less than par
ioT labor done or services performed for said
corporation, or for property or rights actually
received by SAID corporation.
Twenty-Five thousand and o0TO0 Cs2SO1O
dollars OF the capital stock has been sub.
scrl0ed 20 the corporation at the time Of the
passing OF thus act Of Incorporation, and this
corporation shall become a going concern and
snail be authorized 10 commence business as
soon as twenty-five thousand and O0TOO (s75
~hV) dollars OF rs capital stock shall have
Deen paid tor, either in cash or for labor
done, or services performed for said corpora
tlon' or Tor property or rights actually trans
Article V.-The capital stock Of this cor.
poratlon may be increased up 10 the sum OF
two hundred and fifty thousand and OOTO0
dollars (S25O,ooOO) by a vote Of two-thirds of
all the stock, at a meeting called for that
Article VI.-Transfer of stock shall be mad.
only on the books OF the corporation, subject
to such. regulations and formalities as the
board Of directors may prescribe. Any stock
holder wishing 10 sell his stock must offer the
same in writing 10 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 10 be disposed Of by sale, resigna.
ton, death, or otherwise, Of any Of its mem.
bers,. 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
ht, but any sale or transfer made by stock.
holder in violation of this article shall be
void, and no transfer Of stock shall be made
on the books Of the corporation unless the
provisions thereof are strictly complied with
Article VII.-All the corporate powers of
this corporation shall be rested in and ex.
ercised by board Of directors, composed Of
FIVE stockholders, three Of whom shall cen.
stitute a quorum for the transaction Of busi.