The herald., 1918-06-27
CHARTER
State Of Louisiana, Parish of Orleans, Cit!

l DC II SHOWN, that on this Fifteenth day
| the month OF May, in the year one thousar
nine hundred and eighteen, before me, Wi
| nam Waller Young. Notary Public
| and for the Parish of Orleans State of Lo,
| islana, duly commissioned and qualified an
| in the presence of the witnesses hereinaftt
named and undersigned, personally came an
appeared, the several persons whose name
are hereunto subscribed, all above the fu
age OF majority, who severally declared tina
awaiting themselves Of the laws of the Stat
OF LOUISIANA, and especially the laws reli
tive to the organization of corporations, the
have covenanted and agreed to bind forl
and constitute themselves, as well as a
such other persons as may hereafter joi
or become associated with them, into col
poration and body polite in law, for tn
OBJECTS and purposes and under the articles
agreements and stipulations following, to
wit:
ARTICLE 1.-The name, style and title o
this corporation shall be Coate Bros Inc
and, under that name, it shall have an,
ENJOY all the rights, advantages and priv
leges granted by law 10 corporations, anC
shall exist for the full term and period o
! ninety-nine years, from this day 1t shall
have power to contract sue and be sued; L
| make and use a corporate seal, and the
same to alter and break at pleasure; to hold
receive, lease, purchase, sell and convey, a:
well as mortgage, hypothecate and pledge
! property, real, personal and mixed, corporeal
| and incorporeal; TO name and appoint such
| managers, directors, officers, agents and other
employees as its interests and convenience
may require, and to make and establish as
well as alter and amend, from time to time,
such bylaws, rules and regulations as NAV
be necessary and expedient for the proper
management and government of the affairs
OF said corporation.
ARTICLE 1.-THE domicile of this corpo-
ration is hereby fixed in the CITY of New
Orleans, State OF Louisiana, and all cita-
tions or other legal process shall be served
upon the president of said corporation, or
IN his absence, upon its secretary, or, in the
event OF the absence Of the secretary, upon
ARTICLE III-The objects and purposes
of this corporation and the nature of the
business to be carried by it are hereby
declared to be to buy, sell, export and i'm.
port any and all merchandise of every kind
ard character, whether commiSsio or as
merchants or dealers; to act as forwarding
exporting, importing and financial agents;
to establish and conduct warehouses and 10
do all kinds of commercial, brokerage and
commission business; and, in connection
Herewith 90 own, hold, lease, buy, sell or
otherwise acquire real, personal and mixed
property Of all kinds; with the right and
power to do any and all things necessary
or connected with or in any manner Incl.
dental or complementary to the objects and
purposes herein set forth.
ARTICLE IV-The capital stock of this
corporation is hereby fixed at the sum of
ONE HUNDRED THOUSAND DOLLARS
(sl0,OD0o) to be divided into and repre-
sented by one thousand QOOO shares in
the sum of one hundred dollars $4,000
each, said stock shall be paid for in cash
The capital stock of this corporation may
be increased to the sum- Of FIVE HUNDRED
THOUSAND DOLLARS (S5O0,00000).
ARTICLE Vail the corporate powers of
said corporation shall be exercised by a
board of directors consisting of five stock
holders, a majority of whom shall constitute
a quorum for the transaction of business. |
h. Z
ally from their number a president, vice.
presidents, secretary, and a treasurer. The |
first board of directors shall consist of five |
and shall be composed of
Charles B. Coate, Harold w. Oliver, James
NJ Beley, Malcolm B. Coate and Fred w.
.:oate, with Charles B. Coate as President,
Harold w. Oliver and James NJ Beley, as
Vice Presidents, Frederick w. Coate as sec
'etary, and Malcolm B. Coate as Treasurer
The post office addresses of all of said
Sew Orleans, Louisiana; Harold w. Oliver,
Iouston, Texas; James NJ. Beley, Memphis
Tennessee; Malcolm B. Coate, New Orleans,
.ouisiana; Frederick W. Coate, Memphis,
tennessee
These directors and officers shall serve
Until the first Wednesday of SEPTEMBER, 1918,
r until their successors have been duly
leoted and qualified. The annual meeting
I stockholders for the election of directors
hall be held on the first Wednesday of
4
legal holiday. and then on the next bank
ay thereafter. Each subscriber hereto sets
fter his name his post-office address and
tatement Of the number of shares of stock
'hich he agrees to take IN the corporation.
It all elections, every stockholder shall be
nitled TO one vote for each share of stock ,
landing in his name on the books of the ,
operation, to be cast in person or by his
yritten proxy. A majority of the votes cast
hall elect
ARTICLE Win the event of the liqui.
alton or dissolution of this corporation, the ,
bockbolders shall elect three hquidators
rom among their number at a meeting con.
ened for that purpose, after fourteen Q4
y mail to his last known address; said liqui-
ators shall have the authority 30 wind up
lie business and affairs of this corporation. | {
In case of the death of a lquidator, the =,
irvivors shall appoint a stakeholder as sue 7
.ssor to him .
ARTICLE VII-This charter may be modi- ;
ed, changed or altered or said corporation :
Iay be dissolved, with the assent of stock !
olders owning two thirds of the entire CAPT
Il stock, at a general meeting of the stock n
olders convened for such purpose, after I
'urteen QD days written notice shall have Z
cen given TO each stakeholder mailed TO o
i'm at his last known address. 5
ARTICLE VIII-No subscriber for stock h
lall ever be held liable for the contracts n
ults or debts OF said corporation in any a
rther sum than the unpaid balance, if any, h
lie the corporation on the stock for which
has subscribed; nor shall any sbockholder n
er be held liable for such contracts, faults C
debts in any further sum than the unpaid $
lance, If any, on the stock owned by him; II
n shall any mere informality in organi- a
tion have the effect of rendering this .
arter null, or rendering any subscriber or =,
'ckholder liable beyond the unpaid amount, -
any. remaining due on his stock. II
ARTICLE IX-This corporation is orga- a.
zed under the laws of the Site of Louis .,
na, and especially Act No. 267 of 1914 and n
z subscribers hereto, for themselves and r.
i'd corporation, and for its officers, direc. n
s and stockholders, hereby accept, as part ii
this charter and as conditions of this cor di
ration, all the rights, powers, privileges OF
inmunities granted to corporations, and fl
snted to and conferred upon officers, d.
tors and stockholders of corporations by I'll
d laws and said act; such acceptance be. m
! as full, complete and binding as if said II
hts, powers, privileges and inrmunities %
re set forth at full length in this instru. W
mt. to
'hus Done and Passed in my Notorial Of p'
c at the City of New Orleans, aforesaid
the presence of George II. Terriberry, and =.
omas Joseph Dobbins, competent witnesses So
lawful age and residing in this city, Who %
-eunto subscribe their names, together with -
d parties and me, notary, on the day and