The herald., 1917-08-16
CHAR
OF "ORLEANS DENOLISHING & SUPPLY
COMPANY, INC

CHARTER
| OF "ORLEANS DENOLISTIING s SUPPLY |
COMPANY, INC"
State o.: Louisiana. Parish Of Orleans. Cry
| Of New Orleans.
Be i, known. tina, on this the twenty |
| fourth day OF the month Of July, IN the /
! year OF Our Lord one thousand nine hundred |
and seventeen, before me. Edward HaSpcl, !
a notary public, duly comm, Ssioned and quail |
flied, in and ior the Parish and State a:orc- [
said. therein residing. ard, in the presence 1
q the witnesses hereinafter named and I'M
dersigred, personally came and appeared the
persons whose names are hereunto sub,
,crihed. all oi the full age Of majority, and |
slderts OF this parish and State, who sew.
orally declared, that availIng themselves Of |
! the provisions u the Act OF the Legislature |
| acts Of the Session OF 1914, they do, by these
| presents, covenant, agree and bind them |
| selves, well all such other persons as |
! may become hereafter associated with them, |
/ III order 70 form and constitute corporation |
| or body polite in law, for the objects and
| purposes, and under the StipulatIons follow
! ing, to-wi::
Article The name and title Of this cor
| Supply Company, Inc and It shall have
| and enjoy succession ard existence for a
| period OF ninety years from date hereof.
! Il shall have the power and authority 10
| sue ana be sued IN lis corporate name, IN
| any cour; OF competent jurisdiction; to con.
| tract; 10 make and a common seal and
alter the same al pleasure; 10 acquire prop
erty, by grant, gift, purchase and by devise
or bequest; 20 lease, hold and dispose OF,
and to mortgage and TO pledge the same, all
subject 20 limitations "a may he provided
by law; 10 issue bonds and notes; 20 borrow
/ and lend money, 10 appoint such officers and
! agents as the business Of the corporation
may require and to fix their compensation
TO name directors and managers, and to make
for the management OF the business affairs
OF said corporation as may be requisite or
necessary.
Article 1.-THE domicile of this corpora
! ton shall be in the City OF New Orleans,
. State OF Louisiana, where all citations and
other legal process shall be served upon the
: proper officers thereof
Article III-The objects and purposes for
which this corporation Is established, and
I, the nature OF the business to be carried on
. by it, are declared and specified 20 be: the
! buying and selling OF building materials and
: supplies, used and unused, OF every sort and
, description whatsoever; the buying and sell
ing OF entire building and parts thereof,
tents and equipment thereof, including
stock, engines, machinery, etc; raising, NOV
ing, Snoring, building and rebuilding Of
houses and other structures; salvaging,
wrecking, and demolshing; and, generally,
to do any and all things necessary and iHci-
, dental to the carrying on Of such pursuits
ana OuNlIeNnt>
Article IV.-The capital stock Of this cor
poratIon Is hereby declared TO be the sum
of twenty-five thousand dollars (S25GOOOl,
divided into TWO hundred fifty shares Of one
! hundred dollars $4,000 each, and the
e amount Of each share shall be paid for in
accordance with Law. The capital stock Of
I this corporation may be subsequently in
e creased 10 fifty thousand dollars (S50GDn0).
Full paid stock Of this corporation may be
issued in settlement Of services and things
Of value actually acquired by the corpora
/ ton when same shall first have been ap-
. praised by the board Of directors Of the cor
poration, provided by law.
As a part Of the capital stock Of this cor
: poraton subscribed for, is to be paid by
: the conveyance 10 the corporation of mer-
0 chandse and other articles Of value, there
, is annexed 70 these articles OF Incorporation
= 70 be read in connection herewith an accu-
: rate, detailed and Temized description OF
c such property as 10 amount, location, extent,
e character and state Of improvements together
e with a statement OF its value as appraised
by the directors OF this corporation.
e No stockholie- shall have the right to
? assign or transfer any share or shares held
y by him, unless he shall have FIRST offered
+ same in writing to the board Of directors,
which will have the right 10 purchase same
= within ten days thereafter, at the valuation
l. determined by the board; and IN case Of
l. Dissatisfaction as 70 price, the matter shall
: ! be arbitrated. One arbitrator, with the pow.
. er Of amcable compounders, may be appoint
: | ed by each side: and an umpire selected by
= these two who shall take the oath and whose
decision shall be final, and no recourse q
n the courts will be thereafter allowed. And
: all the shares Of stock when 50 purchased
y may be reissued at not less than par value
ii Article N.-(D The corporate powers o
= this corpO-ation shall be vested in a boarC
= OF directors to be composed Of three direc
4 tors, two oi whom shall constitute a quorum
\ | for the transaction Of business 20 be elected
S by the stockholders al general meetIn;
to be held on the second Monday in JULY
# in each year.
5 C) At all meetings for elections Of thi'
e corporation. each stakeholder shall he emit
/. tied 20 one vote for each share Of stocI
e standing in his name, on the books Of tn
d company, which vote shall be cast IN person
a o. The board Of directors shall have tn,
Il power TO make all bylaws, rules and regula
s tions necessary for the conduct Of the busi
Il from their number president, ce-presidsn
lie and secretary-;reasure-.
]. az Until the election 70 be held as here
d irabove provided, the following shall con
,e s;;.u,e the first board Of directors:
,e Robert < MuInix, WHOSE Po2s,:-offiee ad
IS siana; James J. Cain, zoos Broad Place
" Hansen. 1919 Y. Rampant St. New Orleans
:, Louisiana: with Robert K MulniK, preSi
lie dent, James J. Gain as vice-p-esident, an'
E. EyiieT ". Ransom as secretary-;Teasure-.
le Article VT-Tht capital stock OF this cor
ID poration may be increased or decreased a
r, any time in accordance with the laws o
lie this State. This charter nay be amended
~ altered or modified, or the corporation dis
in solved BY vote OF two.:hi-ds Of the stock
re holders. voting by shares AZ a meeting cor
n, vened for that purpose, after fifteen day
g previous personal notice Of such mee;in
Il Shall have been given as required by law.
Article VII-No stockholder Of this co.
at poration shall ever be held liable for any
b. the Indebtedness. contracts or faults thereo
a. in any further sum than the unpaid balanc
due the corporation on the shares owne
es by him, nor shall any informally in Il
on organization have the effect OF rendering -
n charter null or OF exposing a sharehold
ell 70 any liability whatever.
IS Article villa failure al any time
g, hold meeting Q, elect directors or once