The herald. [volume] (New Orleans, La.) 1905-1953, 1916-11-02
CHARTER
PELICAN DRI-CRETE CO.. INC.

PELICAN DRI-CRETE CO., INC.
State of Louisiana, Parish of Orleans, City
of New Orleans.
Be it known that on this 9th day of Sep
tenlber, in the year of our Lord one thou
sand nine hundred and sixteen, before me,
Herbert w. Kaiser, a 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,
ayailing. themselves of the laws of the Stat;
of Louisiana. they have contracted and
agreed and do by these presents covenant
and agree and bind themselves, 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 stipulations and con-
ditions following, to-wit:
poration 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 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 manufaaure
| and sale, at wholesale and retail of COM
PROBING. or damp proofng cement plaster
| bricks, lumber and such other things as may
| be made more serviceable or 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 inn
| 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
1 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 c5O,oOOO with the privi-
OF di Increasing ing, sane to Seysniyve thou.
hundred $500 shares at par value of one
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
shall be binding upon the corporation unless
made upon its books, and all certificates of
stock shall be signed by such officers as NAV
W hcSiShdtCu ny inc OOar0 oil 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 twenty-five thousand dol.
lars (S25,0000O) of the capital stock shall
have been subscribed for,
Article lV.-All of the corporate power.
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.
Der 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.
pervision 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 stcokholder 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 desiR-
nate his post Office address in writing Il
shall be sufficient to mail to him q letter
addressed to general delivery City Of New