The herald. [volume] (New Orleans, La.) 1905-1953, 1916-10-19
CHARTER
OF "LACOsTE BROS, INC"

State Of Louisiana. Parish OF Orleans.
Re II known, that on shis 5pth day OF the
month Of September, in the year one thousand
nine hundred and sixteen Ngl6) before me-
Theodore A. Schuber, a notary puDhc' dulg
rornmi SSioned and quallhCd IN ana LOT uSS
parish Of Orleans, State Of LOUISIANA, aioTesdlu
therein residing and IN the presence OF tne
witnesses hereinafter named and unGSt
signed. personally came and appeared: lne
several parties whose names are ne'euIt :I
subscribed. and severally declared that, avail:
ing themselves OF the laws OF the state OF
Louisiana, in such cases made and PToV,,ae1,
thew have Covcuanted and agreed ana 90
by these presents covenant and agree anu
hind themselves as well as such oiher per
sons as may hereafter become associated WIN
them. TO form a corporation ana Oouy P9'.' ~.
in law, for the objects and purposes anu UNI
der The articles and s'ipuiations following
tO-wit:
Article The name of this corporation
shall be "Lacostc Bros, Inc
And under its said corporate name, II
shall have power and authority 70 have ana
10 enjoy corporate existence and succession
{ur The full term OF nInety.mne W years
from and after date hereof, 70 contract 10
sue and be sued, to make and use corporate
seal and the same 70 alter ana nTeak a.
pleasure, TO hold, receive, purchase, hyPo'ne
cate convey, sell, lease or pledge, Ieai anu
personal property; 10 issue ntg9lidDIe pplluo
and notes, or other evidence of debt; 10 name
and appoint such managers, agents, directors
and 0ficcrs as its business interests ana CON
yenIcuccs may require; aud 10 make ana es'
fablisb as well as 70 alter and amend from
t;rrr IN time sush bylaws, rules and regula-
tions for the proper government OF the al
fairs Of this corporation as may be necessary
srticle 1.-The domicile Of this corpora
zion shall he IN the city OF New Orleans,
state Of Louisiana, provided that win me
written consent of all directors, wand meet
,ugs OF directors may be held without thlS
State or elsewhere within this State; and
al citations and other legal process Shall De
served upon the president OF TINS corporatlOh'
and ~ the event OF ms absence upon 'lF
secretary thereof, and. in the absence, OF
both 81 Sald officers, upon the Vlce-PfeSlueh'
of this corporation.
Article IiI.-The objects and purposes for
which this corporation Is organized ana the
nature Of the business to be carried on by It,
arc hcreby declared to be:
+, conduct i general drayage, hauling,
transfer, carriage and material carrying D L
ness own, have, purchase, lease ana hire
carts, wagons, drays, floats, automobiles au-
tomobile trucks and other vehicles; also TO
own, have. purchase, lease and hire horses
mules and other draught animals, engines,
cars and all harness and further necessary
equipment to operate all OF the above ana
such other requisite accessories; 10 Iease'
sell, hire and farm out all such herein men
stoned teams equipment and accessories; to
contract for and generally to do and perform
hauling and delivery OF goods, chatteis'
freight. baggage. building material, wreck
age earth, brckbats, hlling tor lots prop
crty canals, and generally TO haul and de,
liver materials and articles OF any, all and
every kind and description whatsoever tC
own and operate a harness repair anu gen
eral blacksmith shop, and generally to dc
anything germane, necessary touchlng' con
corning, or incidental to the conduct OF INK
business and purposes herein contemplate
and such as is generally engaged IN by
corporation of this nature and character.
Article IV-The capital stock OF this cor
poration is hereby fixed at the sum OF ter
thousand ($l0UO00) follars, divided intC
and represented by one hundred Q0Ol shares
of stock of the par value OF one huhGTeS
(SlOOOO dollars per share Said stock snal
be paid for in cash. at such time ana arc
such notice 10 the subscribers as the boart
of directors may TX, or the same may Oh
issued at not less than par Tor labor done
or services rendered for the said corpora
ton or property or rights actually received
Inv said corporation. That where there arr
subscriptions 60 the capital stock OF this cor
poration Of property or good VIII or ior Iaoo
done services rendered TOT this corpora
ton, there must appear in, or be annexed to
the articles Of Incorporation ana be read II
connection herewith, an accurate detailed an'
itemized description OF such property, as U
amount location, extent, character and stat'
of Improvement, together with a statement o
its value as appraised by the directors, anC
A statement OF the value placed upon any
good will or for labor done or services ren
dered as included in the capital stock. i
the giving of the property or good Will o.
for labor done or services rendered is erect
ed in exchange for stock which transpiTe'
scription and appraisement must be hled II
the Office Of the Secretary of State, and II
the Office of the clerk and ex-oficio recorde
of mortgages in the parish OF ITS domicile
within ten DAYS after the subscription, wher
stock so issued SHALL in the absence o
fraud, be full-paid stock.
The amount to which the capital stock MAY
be increased shall at no time exceed ht
sum of one hundred thousand (SlOO,oOO
dollars. except as is contained in and pro
yided by Section six co. of Act No. 261 o
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 ousi
ness, when and as soon as hve thousan;
dollars or fifty shares of IT'S capital stool
shall have been subscribed, and twenty-five
hundred dollars or twenty-five shares OF IT
capital stock shall have oeen paid for; al
in accordance with the requirements OF Ac
No. 267 Of the General Assembly OF tn
State Of Louisiana for the year 1914
Article V.-All of the corporate powers o
said corporation shall be vested in and ex
ercsed by a board Of directors, to be com
posed of not more than FIVE CS) and not les
than three 90 stockholders, a majority o
whom sitting at any time shall constitute,
on the second Monday of October beginnin
in the year 1917. Each stockholder shall b
entitled in person by written proxy,
one vote for each share OF the capital stoc
held by him and standing in his name o.
the books of the corporation, or he may sen
his vote by letter, the signature of whic
must be acknowledged OefOre a notary pun
lie or other officer authorized 20 take affids
Wits. The stockholders of this corporatio
are herewith given and granted the right {
cumulative voting in the election OF officer
or directors All elections shall be hel
under such rules and regulations as may B
determined by the board of directors, aftt
legal notice of such election shall have bee
given to each stakeholder by mail, sent
his last known address, or be published
one of the daily newspapers published in u
English language in the city of New D
leans for at least fifteen Q0 DAYS pr
ceding such election. The directors thu
elected shall continue in Office until the
successors shall have been duly elected an
garded as a forfeiture Of this charter. An
vacancy occurring on such board OF dire
tors shall be filled by the remaining dire
tors for the uneXpired term, when a vacanC
shall be considered to exist az any time whe
the maximum number of directors provide
by this act of incorporation are not in ohit
and actually 50 serving Said board of d
reciors shall, n its first meeting after i
election, elect from its members a presden
one more vice-presidents, a secretary ar
treasurer, and a manager or superintendent
1t may combine the Office of secretary ar
treasurer into one, and may even elect sc
rotary who need not be a stakeholder
director Said board OF directors shall ha'
the right and power to appoint and dischar
such clerks and employees of the corpor
tion, including the secretary who is not
stakeholder director, conditions m;
justify or the business of the corporati'
may require. The tenure of office of all
the employees of this corporation shall
during the pleasure of the board of director
The board Of directors may, from among
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