The herald. [volume] (New Orleans, La.) 1905-1953, 1916-10-26
CHARTER
OF "LACOSTE BROS, INC

nine hundred and sixteen (l9lO) before me,
Theodore A. Schuber, a notary public, duly
Commissioned and qualified in and for the
parish OF Orleans, State OF LOUISIANA, aioresalu
therein residing, and IN the presence OF tue
witnesses hereinafter named and under
signed: personally came and appeared Inc
several parties whose names are hercunto
subscribed, and severally declared that, aVail-
ing themselves Of the laws OF the stare %
Louisiana, in such cases made ana PiO'5ueG'
they have cOvenanted and agreed, and 90
Inv these presents covenant ana agree anu
bind themselves, as well as such otheI PET
sons as may hereafter become associated WIN
them 10 form a corporation and BODY pOIluC
ia law, for the objects and purposes and un'
der the articles and stipulatlons following
tO-wit:
Article 1.-The name of this corporation
shall be "Lacoste Bros, Inc :.
And under its said corporate name, II
shall have power and authority 70 have ana
10 enjoy corporate existence and succession
for the full term OF ninety nine W years
from ard after date hereof, TO contract, 20
sue and be sued 10 make and use a corporate
seal anu the same TO alter and break al
pleasure, 20 hold, receive, purchase, hypothe,
cate, convey, sell, lease, or pledge, Tedi ana
personal property; 10 issue negotiable bohds
md notes or other evidence vi debt; 10 name
and appoint such Managers, agents. directors
and officers It's business interests ana con
venieuCes may require and TO make ana es-
tablish, as we'll as 10 alter and amend from
time to time such bylaws, rules and Tegula-
tons for the proper government OF the al
fairs OF this corporation as may be necessary
Article 1.-THE domcie Of this corpora
tion shall be in the city OF New Orleans,
State OF Louisiana, provided that WIN tne
written consent OF all directors, valid meet
inps OF directors may be held without I'M :
state. or elsewhere within this State; and
all citations and other legal process Shall De
served upon the president OF this corporation
and in the event Of his absence, upon the
secretary thereof, and, in the absence OF
Hi, az said officers upon the vice president
of this corporation,
Article IiI-The objects and purposes for
which this corporation IS organized aha me
nature Of the business to be carried on Oy H.
are hereby declared to be:
To conduct a general drayage, hauling
transfer carriage and material carrying Ousl-
ness own, have, purchase, lease and hlre
carts, wagons, drays, floats, automobiles, au-
somObile trucks, and other vehiciesi also 10
own, have, purchase, lease and hire horses
mules and other draught animals, engines,
cars and all harness and further necessary
continent to operate all of the above and
such other requisite accessories; 20 tease,
sell, hire and farm out all such herein men
toned teams, equipment ana aeeesS0,lesi ~
hauling and delivery OF goods, chatteis
freight, baggage, building material, wreck
age, earth, brickbats, filling for lots, prop
eTty, canals, and generally to haul and de,
liver materials and articles of any, all and
every kind and description whatsoever; tC
own and operate harness repair and gen
eral blacksmith shop, and generally 10 &c
anything germane, necessary, touching, con
cerning or incidental to the conduct OF tht
business and purposes herein contemplated
and such as IS generally engaged IN oy
corporation Of this nature and chsraeter.
Article IV.-The capital stock OF TINS cor
poration is hereby fixed at the sum OF ter
thousand ($lO,OO0O0) hollars, divided int
and represented by one hundred QOOl shares
of stock of the par value OF one hundred
$4,000 dollars per share. Said stock shall
be paid for in cash, at such time and ate
such notice to the subscribers as the DoaT'
of directors may fix, or the same may D.
issued at not less than par for labor don't
or services rendered for the said corpora
ton or property rights actually received
by said corporation. That where there arr
subscriptions 20 the capital stock oil TINS Gor
poration of property good will or for labo
done or services rendered for this corpora
ton, there must appear IN, or be annexed TO
the articles of incorporation and be READ II
connection Herewith, an accurate detalIed af'
itemized description of such property, as Il
amount location, extent, character and STATE
of Improvement, together with statement o
its value as appraised by the directors, ant
a statement of the value placed upon any
good will or for labor done or services rem
dered as included in the capital stock,
the giving of the property or good Will o.
ed in exchange for stock which transpire'
subsequent to Incorporation, similar de
scrption and appraisement must be hled II
the Office of the Secretary of State, and II
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
be increased shall at time exceed tht
sum of one hundred thousand SlOO,ocOOO
dollars, except as is contained IN and pro
yided by Section six (0 of Act No. 26z o
the General Assembly of the State of Lou
isiana for the year 1914.
This corporation shall be 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 ~
capital stock shall have oeen paid Tor; 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.--Al of the corporate powers o
said corporation shall b, vested in and ex
ercised by a board of directors, to be com
posed of not more than FIVE (9 and not les
than three (0 stockholders, majority o
whom sitting at any time shall constitute,
quorum, said directors to oe elected annual
on the second Monday of October beginnin
in the year 1917. Each srockholder shall b
entitled in person or by written proxy, {
one vote for each share OF the capital stoe
the books of the corporation, or he may sen
his vote by letter, the signature OF whic
must be acknowledged before notary pull
lie or other officer authorized 20 take afhds
Wits. The stockholders of this corporstio
are herewith given and granted the right {
cyiiul alive voting in the election OF othceI
or directors. All elections shall be hel
under such rules and regulations as may B
determined by the board of directors, afts
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 n
English language in the city of New U
leans for at least fifteen QS) DAYS pr
ceding such election. The directors thu
elected shall continue in Office until the
qualified. No failure to elect shall be n
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 20 exist at any time whe
the maximum number OF directors provide
by this act of Incorporation are not IN ONT
and actually so serving. Said board Of d
rectors shall, at its FIRST meeting after i
election, elect from its members a presiden
one or more vice-presidents, a secretary ar
treasurer, and a manager or superintendent
II may combine the Office of secretary ar
treasurer into one, and may even elect a Sc
director. Said board Of directors shall ha,
the right and power TO appoint and dischart
such clerks and employees of the corpor
ton, including the secretary who is not
stakeholder or director, as conditions ma
jusrify or the business OF the corporatic
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 j
members, appoint executive committe
which said committee shall consist of thr,
81 members, Including one of the officers
the corporation, and the board OF directo
may delegate such managerial powers as
deems the