The herald., 1916-10-12
CHARTER
OF "LACOsTE BROS, INC"

theodore ~. SCnUDtT, 4 notary iubl4N' AAAy
commissioned and qualified IN and Tor the
parish OF Orleans, State OF Louisiana, Aforesaid
therein residing, and IN the presence OF the
witnesses hereinafter named and under
signed: personally came and appeared: ihe
several parties whose names are hereunto
subscribed aud sevcraily declared that. avail.
ing themselves OF the laws Of the state OF
Louisiana, IN such cases made and PROVIDED,
they have covcuanted and agreed, and do
by these presents covenant and agree and
bind themselves, as well as sucn oiheT per
sons rs may hereafter become associated WIN
then. 10 form corporation and BODY po!iNc
in law. for the objects and purposes ana IN
der the articles and stipulations following
to-wit.
Article 1.-The name Of this corporation
shall be Il acostc Bros, Inc
And under lis said corporate name, it
shall have power and authority 70 have and
to enjoy corporate existence ana succession
for the full tern OF ninr' nine w yeas
sue and be sued. 90 make and use corporate
sea-, and the same 20 alter and break al
pleasure, q hold, receive, purchase, hypoine,
cate, convey, sell, lease, or pledge, Ted! ana
personal property; 20 issue negotiable bonds
and notes, OF other evidence OF debt; 70 name
and appoint such managers, agents, directors
and officers Is ITS business interests and CON
ycuicuces may require; and TO make and es-
tablI IN, as well 10 alter and amend from
time - time, such bylaws, rules ana TeSuIA-
tiDus Tor the proper government OF the al
fairs OF this corporation Is may be necessary
Article 1.-THE domicile Of this corpora
ton shall be m the city OF New orleans,
State Of Louisiana, provided that with the
written consent OF all directors, valid meet
irVS of directors may be held without tins
State or elsewhere within this State; and
all citations and other legal process shall be
served upon the president OF this corporation,
ard III the event OF his absence, upon the
secretary thereof, and, IN the absence OF
both Of said officers, upon the viee-presldent
VI ,~,;rrs ItT The objects and purposes for
which this corporation Is organized and the
nature Of the business TO be carried on by 1t,
are hereby declared TO be:
To conduct a general drayage, hauilng'
transfer, carriage and material carrying bust
ness, own, have, purchase, lease and hire
carts, wagons, drays, floats, automobiles, au-
tomObile trucks, and other vehicles; also 10
own, have, purchase, lease and hire horses,
mules and other draught animals, engines,
cars and all harness and further necessary
equipment 10 operate all OF the ABOVE ana
such other requisite accessories; 20 lease,
sell, hire and farm out all such herein men
toned teams, equipment and acces sores; 20
contract for and generally to do and perform
hauling and delivery Of goods, chattels,
freight luggage, building material, wreck
age. earth, brickbats, Milling for lots, prop
crty, canals, and generally to haul and de.
liver materials and articles OF any all ana
every kind and description whatsoever; to
own and operate harness repair and gen
eral blacksmith shop, and generally TO do
anything germane, necessary, touching, con
Cerning, or incidental 10 inc COHuuNl OF bhc
business and purposes herein contempt ated
and such as is generally engaged in by a
corporation of this nature and character.
Article IN.-The capital stock of this cor
poration is hereby fixed at the sum Of ten
thousand ($0.m0O0) follarS, divided into
and represented by one hundred u0Ol shares
of stock of the par value OF one hundred
ISlOOOO dollars per share. Said stock snail
be paid for in cash, at such time and after
such notice to the subscribers as the board
Of directors may FIX, or the same may, be
issued at not less than par Tor laoor Done
or services rendered for the said corpora.
ton or property rights actually received
by said corporation. That where there are
subscriptions 90 the capital stock Of this cor
poration of property or good will or for labor
done or services rendered for this corpora
tion, there must appear in, or be annexed to,
the articles of Incorporation and be read IN
connection herewith, an accurate detailed and
itemized description of such property, as to
amount, location, extent character and state
of improvement, together with statement OF
its value appraised by the directors, and
statement OF the value placed upon any
good will or for labor done or services ren.
dered. as included in the capital stock: If
abe giving of the property or good will or
for labor done or services rendered is effect
ed in exchange for stock which transpires
subsequent to Incorporation, similar de-
scription and appraisement must be hled IN
the office of the Secretary OF state, and IN
the office of the clerk and ex-ofhcio recorder
OF mortgages in the parish of its domlcile,
within ten days after the subscription, when
stock issued shall, in the absence OF
fraud, be full-paid stock.
The amount TO which the capital stock may
be increased shall at time exceed the
sum of one hundred thousand (SlOO,VOOO
o dollars, except as is contained IN and pro.
vided by Section six co. of Act No. 267 OF
the General Assembly of the State OF Lou
isiana for the year 1914.
This corporation shall be a going concern,
and shall be authorized to commence bust
ness, when and as soon as five thousand
dollars fifty shares of IT'S capital stock
shall have been subscribed. and twenty. ave
hundred dollars or twenty-five shares of its
capital stock shall have peen paid for; all
in accordance with the requirements of Act
No 267 of the General Assembly of the
State Of Louisiana for the year 1914.
Article V.-All of the corporate powers of
said corporation shall b. vested in and ex-
ercised by a board of directors, TO be COM
posed of not more than FIVE (S and not less
than three 90 stockholders, majority OF
whom sitting at any time shall constitute. a
quorum, said directors to ne elected annually
on the second Monday of October beginning
in the year 1917. Each stockholder shall be
entitled in person by written proxy, "a
one vote for each share OF the capital stock
held by him and standing in his name on
the books of she corporation, or he may send
his vote by letter, the signature of which
must be acknowledged before notary pub
tic or other officer authorized 10 take affida
Wits The stockholders of this corporation
are herewith given and granted the right OF
cumulative voting in the election. of officer;
or directors. All elections shall be held
under such rules and regulations as may be
determined by the board of directors, after
legal notice of such election shall have beer
given 10 each stakeholder by mail, sent tC
his last known address, or be published in
one Of the daily newspapers published in the
English language in the city of New Or
leans for at least fifteen QS DAYS pre-
ceding. such election. The directors thus
elected shall continue in office until their
successors shall have been duly elected and
qualified No failure to elect shall be re.
garded as a forfeiture of this charter. Any
vacancy occurring such board of direc.
tors shall be filled by the remaining direc-
tors for the uncxpired term, when a vacancy
shall be considered to exist at any time when
the maximum number of directors provided
by this act OF Incorporation are not in Office
and actually 50 serving. Said board of di-
rectors shall, al its first meeting after its
election, elect from It's members a president,
one or more vice-presidents, a secretary and
treasurer, and manager or superintendent
II may combine the Office of secretary and
treasurer into one, and may even elect a Sec
rotary who need not be a stakeholder or
director. Said board Of directors shall have
the night and power 10 appoint and discharge
such clerks and employees of the corpora.
tiou, including the secretary who is not a
stakeholder or director, conditions may
Justify the business OF the corporation
may require. The tenure of office OF all OF
the employees of this corporation shall be
during the pleasure of the board of directors
The board of directors may, from among il.
members, appoint an executive committee
which said committee shall consist of three
80 members, including of the officers Of
the corporation, and the board Of director:
may delegate such managerial powers as i
deems necessary TO the executive committee