The herald. [volume] (New Orleans, La.) 1905-1953, 1916-11-16
CHARTER
PELICAN DRI-CRETE CO.. INC.
tate of Louisiana. Parish of Orleans, CT

PELICAN DRI-CRETE CO.. INC.
State of Louisiana. Parish of Orleans, City
of New Orleans.
Be it known that on this 10Th day of Sep
ten-ber, in the year Of our Lord one thou
sand nine hundred and sixteen, before me,
Herbert w. Kaiser, notary public in and
for the Parish of Orleans, State of Louisi-
ana, duly commissioned and qualified, and
in the presence of the witnesses hereinafter
named and undersigned, personally came and
appeared: the persons whose names are here
unto subscribed. who severally declared that,
availing themselves of the laws of the State
of Louisiana, they have contracted and
agreed. and do by these presents covenant
and agree and bind themselves, as well as
all such persons as may hereafter join and
become associated with them, 20 form and
constitute, and do hereby constitute a cor.
poration, for the objects and purposes, and
under the articles and stipulations and con-
ditions following, to-wit:
poratiOn hereby formed shah be Pelican
Dri-Crete Co., Inc, with domicile in the
City of New Orleans, State of louisiana, and
under said corporate name il shall have and
enjoy succession for a period of ninety nine
years from date; to contract, sue, and be
sued; and make and use corporate seal and
the same to break and alter at pleasure; to
hold, receive, purchase, lease and convey,
as well as mortgage and hypothecate prop
erty, real and personal and mixed, eorpo-
real and incorporeal.
article. 1.-The objects and purposes for
which this corporation is established, and
the nature of the business to be carried on
are hereby declared to be the manufacture
and sale, al wholesale and retail of a COM
modify, or commodities, for use in water
PROBING damp proohng cement plaster,
bricks, lumber and such other things as may
be made more serviceabe or marketable,
and for the manufacture and sale, at whole
sale and retail, of such other analogous COM
| modities and of such ingredients necessary
M
portation and expectation of any goods or
| merch andise. and the sale Of goods on COM
mission, and. in fact, the buying and selling
at wholesale and retail Of any merchandise,
without any restriction whatsoever, with the
right and power to do any and all things
necessarily connected with, or in any man
neI incidental to-. the aforesaid purposes.
Citations shall be served upon the presi-
dent OF the corporation, in his absence from
| the city upon the vice president, and in the
| absence Of both, upon the secretary.
Article 3-The capital stock Of this cor
pOratiOn is hereby fixed at the sum Of Fifty
thousand dollars Csso,oOo0O) with the privi.
lege OF increasing same to seventy-fve thou
sand dollars C7s,ooooo), divided into FIVE
hundred dollars (sioooo P per share OF wh GeS
shall be paid in cash or in the purchase of
property: All shares of stock shall be full
paid and non:assessable.. No transfer of stock
made upon its books. and all certificates of
stock shall be signed by such officers as may
be designated by the board Of directors.
No sale or transfer of stock shall be valid
| or binding until the transfer is made on the
books of the corporation, and no transfer
shall be made on the books until evidence
IS exhibited to the secretary that the offer
OF sale has been made to the president, and
made.
This charter shall be in full force and
effect and this corporation shall be a going
concern as soon as twenty-five thousand dol.
lars tS2S,oo0o) Of the capital stock shall
have been subscribed for.
| Article lV-An of the corporate powers
OF this corporation shall be vested in and
exercised by board Of directors, to be com.
posed of not less than seven stockholders
to be elected on the 3rd Monday of Decem.
De, Of each year. unless said day be legal
| holiday, IN which event they shall be elected
| on the next bank day thereafter. All such
| elections shall be by ballot and Conducted
at the office of the corporation under the su-
pevision OF two commissioners to be ap-
pointed by the board of directors, and Of
such election written notices shall be mailed
| BY registered letter to the post Office address
OF each steokholder who has in writing des-
isnated his post Office address; not more
Counting the day Of mailing and the day
| OF electionl prior to the date of such cleo.
ton. Should any stakeholder fail to desig.
nate his post Office address in writing ],
shall be sufficient to mail to him a letter
addressed to general delivery CITY Of New
Orleans; each share of stock shall be emit.
tied to one vote, to be cast in person or by
written proxy. and a majority Of votes cast
shall elect Any. vacancy occurring among
the directors by death. resignation or other.
wise, shall be filed by the election for the
remainder of the year by the remaining di.
rectors Failure to elect directors on the
date above specified shall not dissolve or
affect the corporation, but the directors then
IN Office shall remain in Office until their
successors are elected and qualified, and
shall cause another election to be held as
soon as possible thereafter, after due notice
and in the manner above provided.
Four directors shall constitute Quorum
Tor the transaction of any business, and the
board Of directors at their first meeting
tollowing, each annual election, shall elect
one OF their own number to be president,
another to be yice-president; shall also elect
secretary and treasurer and may elect an
assistant secretary and treasurer. The Sec
retary-treasurer, assistant secretary and AZ.
sistant treasurer need not be members of the
board. The board shall have power, in their
discretion, to unite the Office of secretary
and treasurer. The said board Of directors
may appoint an executive committee of the