The herald. [volume] (New Orleans, La.) 1905-1953, 1917-08-09
CHARTER
OF "ORLEANS DEMOLISHING & SUPPLY
COMPANY, INC"

OF "ORLEANS DEMOLISHING & SUPPLY
COMPANY, INC"
State OF Louisiana. Parish OF Orleans, City
of New Orleans.
BE it known, that 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 commissioned and quail
| fled in and for the Parish and State afore-
! said. therein residing. and, in the presence
of the witnesses hereinafter named and UNI
dersigned, personally came and appeared the
persons whose names are hereuntO sub.
| scribed, all of the full age of majority and
residents of this parish and State who sew
| orally declared, that availing themselves Of
the provisions Of the Act OF the Legislature
of this State, known as Act No. 267 OF the
acts Of the Session of 1914 they do, by these
presents, covenant, agree and bind them
selves, well as all such other persons as
may become hereafter associated with them,
in order to form and constitute a corporation
or body polite in law, for the objects and
purposes, and under the stipulations follow
ing, to-wit:
Article 1.-The name and title of this
poration shall be Orleans Demoishing &
Supply Company, Inc and II shall have
and enjoy succession and existence for
period of ninety-nine years from date hereof.
II shall have the power and authority to
sue and be sued in its corporate name, in
any court Of competent jurisdiction; TO con
tract; to make and use common seal and
alter the same at pleasure; 10 acquire prop
erty, by grant, gift, purchase and by devise
| or bequeSt; TO lease, hold and dispose Of
and to mortgage and 10 pledge the same, all
, subject TO limitations may be provided
| by law; to issue bonds and notes; 10 borrow
| and lend money; to appoint such officers and
i agents the business of the corporation
: may require and to fix their compensation
: TO name directors and managers, and to make
: and establish bylaws, rules and regulations
for the management of the business affairs
| said he
I necessary.
Article 1.-THE domcile 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
8 proper officers thereof
Article III.-The objects and purposes for
which this corporation is established, and
4 the nature Of the business to be carried on
by it., are declared and specified to 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,
standing or otherwise, together with con-
: tents and equipment thereof, including
; stock, engines, machinery, etc; raising, NOV
! ing, snoring, building and rebuilding of
: houses and other structures salyagins'
to do any and all things necessary and Incl
2 dental to the carrying on OF such pursuits
d and businesses.
Article IN.-The capital stock of this cor
Ill OrdtlOn is neTcDy declared 10 De the sum
of twenty five thousand dollars (S25U0OO),
divided into two hundred fifty shares of one
! hundred dollars $4,000 each, and the
amount of each share shall be paid for in
t this corporation may be subsequently in
=. creased to fifty thousand dollars (S50O000O).
: Full paid stock of this corporation may be
issued in settlement of services and things
of value actually acquired by the corpora
4 ton when same shall first have been ap-
= praised by the board of directors of the cor
. poraton, as provided by law
As part of the capital stock of this cor
{ poration subscribed for, is 10 be paid by
S the conveyance to the corporation of mer-
o chandise and other articles of value there
}, is annexed to these articles Of incorporation
= to be read in connection Herewith an accu-
e such property to amount, location, extent,
e | character and state of improvements, together
e with a statement OF its value as appraised
| by tine directors of this corporation.
e No stakeholder shall have the right to
It assign or transfer any share or shares held
v by him. unless he shall have first offered
Il same in writing to the board of directors
which will have the right to purchase same
=, within ten days thereafter, al the valuation
:, determined by the board; and in case o.
A. dissatisfaction as TO price, the matter shall
Re be arbitrated One arbitrator, with the pow
10 er of amicable conrpounders, may be appoint
- ed by each side; and an umpire selected b,
. these two, who shall take the oath and whos'
decision shall be final, and no recourse q
N the courts will be thereafter allowed An'
is all the shares of stock when so purchased
NJ may be reissued at not less than par value
II Article V.-D The corporate powers o
Al this corporation shall be vested in a boar
81 of directors to be composed of three drec
IA tors, two Of whom shall constitute quorum
n | for the transaction Of business, TO be electe
is by the stockholders at general meetn
to be held on the second Monday in JUL
of in each year.
rs ~ At all meetings for elections of thi
&c corporation each stakeholder shall be emit
IL tied 10 one vote for each share of stoc
Sc standing in his name on the books OF tn
id company, which vote shall be cast in perso
rs or by proxy.
a 60 The board of directors shall have tn
III power to make all bylaws, rules and regula
IS tions necessary for the conduct Of the bus
Id ness affairs OF said corporation; shall cleo
III from their number a president, vice presider
ne and secretary treasurer.
u az Until the election TO be held as here
id inabove provided, the following shall cor
be stitute the first board Of directors:
he Robert X Mulnix, whose post-ofhce at
to dress is 1904 Milan St, New Orleans, Lor
es isiana; James J. Cain, zoos Broad Plae,
e, New Orleans, louisiana; and Eylief "
~ Ransen, 1919 y. Rampant St, New Orlean
r, louisiana: with Robert K. Mulnix, pres
he dent. James J. Gain as vice-president, an
e. Eylief w. Ransom as secretary
he Article VI.-The capital stock OF this Co
id poration may be increased or decreased ;
,r, any time in accordance with the laws
he this State. This charter may be amende'
by altered or modified. the corporation d
in solved by vote of two-thirds OF the stool
he holders, voting by shares at meeting col
N, vened for that purpose. after fifteen dal
IS previous personal notice OF such meetir
Ii shall have been given as required by law.
Article Vino stakeholder Of this co
lat poration shall ever be held liable for any
ID the indebtedness, contracts or faults thereC
"a in any further sum than the unpaid balan
due the corporation on the shares own.
.es by him, nor shall any informality in q
on organization have the effect of rendering IN
n charter null or of exposing a sharehold
el, 70 any liability whatever.
az Article villa failure at any time