The herald., 1916-06-08
: J. PONIES, G. Sabrio.
EMILE PONIES NJ, l..
IHARTER.

on TIE RA..NO PAINT co. INC.
! -, Oh HWeTioa, state Of Louisiana,
I =, 'hF OF New Orleans.
lie u known, thar on this tenth day of IN,
t."HI" OF My, IN the year one thousand nine
/ hundred and sixteen, before me. Icl;y !
/ DTcyi1US Notary Public, duly ,4m-ris.in,si
ana sworn lu Tor the Parish Of Orleans and
NY "i New Orleans, therein residing. per-
s""'5y appeared the persons whose names
are hcTeuni' subscribed who declared that
tNaiIlHg themselves OF the provisions az H.
laws II thl, State relative 10 the n-y,r;g,-
ION Oh corporations. and more particularly
A-i No =" ui the General Assembly OF ms
sac, approved July ., 1914, they have Gov
ehintcd and agreed and do by these presents
covenant and agree bind form and constitute
themselves as well such persons who may
hereafter JOIN or become associated with
.'g"' iht2 a corporation and body polite in
Jaw Tor the objects and purposes and under
the agreements and s,ipulatIous following,
to-wlt: 49,
Article The name and STYLE Of This chr.
poTat"n shall! be; "Ra.No Paint Co. Inc.
and under that name il shall have and enioy
all the rights, advantages and privileges
granted by law to corporations it shall ex.
1T Tor the period OF nIncty-nIne ycaxs from
'hl1 lay' II shall have power to contract sue
ana be sued IN Its corporate name; 10 make
ana use corporate seal; and the same 10
Dreak Or alter At pleasure; to hold, receive
purchase, convey, mortgage, hypothecate or
pledge property both real and personal: 10
issue bonds, notes and other obligations or
negotiable instruments; to have and emplo,
stNh Hidadst.~, directors, officers agents and
oiher employees as the interest and cOnven-
renee OF said corporation may require or de.
mdnd; TO make and establish such bylaws
rules and regulations for the corporate man
agemeut and control Of the affairs Of the
corporation as may be deemed necessary and
eSpedient.
Article 1.-The domcile of said corpora.
ton shall be established in the City of New
orleans, State OF Louisiana, and all citations
and other legal process shall be served on the
President; IN his absence, on the Vice Presi- |
dent; and IN the absence OF both the Sec
Article III.-The objects and purposes for
which this corporation is formed, and the |
nature OF the business to be carried on BY |
1t. are hereby declared to be: 20 manufac- |
ture sell, buy, deal in, cOnsign and receive |
on consignment, paints, oils, brushes, glass
ware and other materials OF like character |
and 10 DO 4 general contracting business and |
generally TO engage IN and carry on any |
other enterprise or business which NAV be |
sermane or incidental to, or connected, with |
The purposes hereinaboye set forth or con-
lemplated by this charter.
Article IV.-The capital stock of this cor
poration IS hxed at the Of i've thousand |
the par value OF one hundred dollars each. |
All shares OF stock shall be full paid and |
non assessabe. No transfer OF stock shall
De binding upon the corporation unless made
upon ITS books, and all certificates OF stock
shall be signed by such officers as may be
by the Board Of Directors
This corporation shall have the right TO
increase ITS capital stock up TO the further !
sum OF twenty-five thousand dollars, to be
divided into shares OF one hundred (SlOO)
lrllaTs each, provided said increase in the
,aPtal stock shall have been authorized by :
he stockholders at a meeting to be held pur.
'uant to the provisions OF Article V of this
hartcr.
Article V.-All the corporate powers of the
company shall be vested in, and the man
'gement and control OF its affairs shall be
Exercised by, Board of Directors composed
Il four stockholders, the membership of which
,Oard may be increased to five. majority
4 the directors shall constitute a quorum
or the transaction Of all business. The di-
~ the stockholders, on the first Monday in
anuary IN each year Each stockholdeT
hall be entitled in person or by proxy to
vote for every share owned by him, and
III elections shall be held under such rules
md regulations as may be determined by
he Board Of Directors, after fifteen days
lOtice by mail Of such election shall have
zen sent 10 each stakeholder al his last
,nOwn address. The directors thus elected
hall continue in office for one year, until
heir successors shall have been duly elected
nd qualified. No failure to elect shall be
egsrded forfeiture of this charter. Any
aCancy occurring on said board shall be
HE'D by the remaining directors for the IN
Xpired term; the said board shall Likewise
lcct the additional members in case they
hould determine to increase the number OF
aid board. Said Board of Directors shall
{ It's first meeting after its election, nom
nate out Of its number, a president, a vice
resident and treasurer, and a secretary.
aid board shall have the right to cOnsoli-
ate any two of the said offices into one, or
o segregate said offices, as also the right
o appoint and dismiss such clerks, managers
nd other employees of the corporation as
onditions may justify or the business Of the
orporation may require. The tenure of Of
ice of all the employees of the corporation
hall be during the pleasure of the Board Of
directors Any of the directors or officers
hall have the right to appoint, by written
Instrument. another director or stakeholder
D act as his proxy and in his stead at any
nd all meetings of the Board of Directors.