The herald. [volume] (New Orleans, La.) 1905-1953, 1916-10-19
CHARTER
PELICAN DRI-CRETE co
State Of Louisiana. Parish of Orleans, City
of New Orleans.

State of Louisiana. Parish of Orleans, City
of New Orleans.
Be it known that on this 10Th day of Sep
TENDER, 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 we'll as
all such persons as may hereafter join and
! become associated with them, TO form and
| constitute, and do hereby constitute a COR
| poration, for the objects and purposes, and
under the articles and stipulstions and con-
| dtions following, to-wit:
| Article 1.-The name and title of the cor
porstion hereby formed shall be Pelican
| Dri-Crete Co., Inc, with domicile in the
| City of New Orleans, State of Louisiana, and
under said corporate name it 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, corpo-
| real and incorporesl.
Article. 1.-THE objects and purposes for
|
the nature of the business to be carried on
| are hereby declared to be the manufacture
| and sale, at wholesale and retail of COM
| modify, commodities, for use in water
bricks, lumber and such other things as may
be made more serviceable marketable,
| and for the manufacture and sale, at whole
sale and retail, of such other analogous COM
| modities and OF such ingredients necessary
for the manufacture thereof, including i'm
| pOrtatiOn and expectation Of any goods or
| merchandise, 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
ner 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 5-The capital stock of this cor
poration is hereby fixed at the sum of fifty
thousand dollars (SS0.OO0OO) with the privf-
| lege OF increasing same to seventy-five thou
sand dollars G75.oOoOO), divided into FIVE
hundred dollars $4,000 per share, which
| 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
shall be binding upon the corporation unless
made upon its books. and all certificates Cd
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
one, week has elapsed since the offer was
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 (S2S,00o00) of the capital stock shall
have been subscribed for
| Article IV.-Ail of the corporate powers
OF this corporation shall be vested in and
\ exercised by a board Of directors to be com.
posed of not less than seven stockholders
to be elected on the 3rd Monday of Decem.
Der OF each year, unless said day be a 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.
pervision of two commits sioners 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 stakeholder who has in writing des.
| ignated his post Office address; not more
than twenty, and not less than ten days
Counting the day of mailing and the day
Of election) prior to the date of such cleo
ton. Should any stakeholder fail to desig-
nate his post Office address in writing it
shall be Sufficient to mail to him letter
addressed to general delivery City Of New