The herald., 1918-05-23
CHARTERS
State Of Louisiana, Parish OF Orleans, City
OF New Orleans

Be it known, that on this Fifteenth day o
the month Of May, in the year one THOUSAND
nine hundred and eighteen, before me, Wi
liam Waller Young, a Notary fuDlc, II
and for the Parish OF Orleans, state 81 Lou
isiana, duly commissioned ana qualii1ed dh'
in the presence Of the witnesses heTelhaIte
named and undersigned, personally came am
appeared, the several persons whose name
are hereuutD subscribed, all above the tul
age Of majority, who seyerally declared that
ayailing themselves Of the laws 81 the star
of LOUISIANA, and especially the laws rela
tive 10 the organization OF corporations, thel
have coycuanled and agreed 70 bind, Torn
and constitute themselves, as well as al
such other persons as may hereafter Joli
or become associated with them. into a cor
poratiou agd body polite IN law, ior. th'
objects and purposes and under the articles
agreements and stIpulations following, 10
ARTICLE THE name, style and title Of
this corporation shall be tnate Bros, Inc.
and under that name il shall have anc
enjoy all the rights, advantages and PRIV
IegeS granted BY. law % corporations, and
shall exist for the full term and period Of
ninetv-niuc years, from this day. II shaL
have power to contract, sue and be sued I.
make and use a corporate seal, and le
same to alter and break al pleasure; to mold
receive, lease, purchase. sell and convey, as
well as mortgage. hypptheca'e ana P.tuSt
property. real, personal and mixed coTpDTca'
and
managers. directors, officers, agents ana othe.
e1nployecs as us interests and convenience
nav require, and 70 make and eStaplish As
well as alter and amend, from time u time
such bylaws, rules and regulations as may
he necessary and cNpcdrut Tor the proper
management and government OF the aiia.''
Of said corporation.
Article 1.-The drmicile Of this cgrpo-
ration 4, hereby fixed IN the city 81 Ne"
Orleans State Of Louisiana, and all Hia,
IL. l. ~
,irrn the president OF said corporation, or,
in his absence upon its secretary, or, IN the
event If the absence OF the secretary upon
the reaSurer.
ARTICLE III-Thc 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 on commission or as
merchants or dealers; to act as forwarding,
exporting. importing and financial agents;
10 establish and conduct warehouses ana 10
do all kinds of commercial, brokerage ana
commission business; and, IN connection
Herewith, 30 own, hold, lease, buy, sell OF
otherwise acquire real, personal ana miNei
property of all kinds; with the right and
rover to do any and all things necessary
or connected with or in any manner inH,
dental or complementary 10 the opJeots ana
purposes herein set forth.
ARTICLE IN-The capital stock OF TINS
corporation is hereby fixed at the sum OF
ONE HUNDRED THOUSAND DOLLARS
(slnOONOO to be divided into and repre-
scented by one thousand O,OD) shares IN
the sum of one hundred dollars tSlOOOO
each, said stock shall be paid for in cash.
The capital stock of this corporation may
he increased to the sum Of FIVE HUNDRED
THOUSAND DOLLARS CS50O,OOOOO.
ARTICLE V-All 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.
The Board Of Directors shall elect annu-
ally from their number president. vice
presidents a secretary, and a treasurer Inc
first hoard of directors shall consist of five
stockholders and shall be composed OF
Charles B. Coate, Harold w. Oliver. James
NJ Beley, Malcolm b. Coate and Fred W.
Coate with Charles b. Coate as PRESIDENT
Harold w. Oliver and James NJ Beley, as
Vice. Presidents Frederick w. Coate as sec
retary, and Malcolm b. Coate as Treasurer
The post office addresses OF all OF said
directors are as follows: Charles u. Soate'
New Orleans, louisiana; Harold W: Olyer'
Houston, Texas; James NJ. Beley, Memphis,
Tennessee; Malcolm b. Coate, New Orleans,
louisiana; Frederick W. Coate, Memphis,
Tennessee.
These directors and officers shall serve
until the first Wednesday Of SEPTEMBER, 1918,
or until their successors have been duly |
elected and qualified. The annual meeting
of stockholders for the election of directors
sSall be held on the first Wednesday OF
September of each year, unless Sald DAY DC
a legal holiday, and then on the next BANK
day thereafter Each subscriber hereto sets |
after his name his post-office address and
statement of the number OF shares OF stock
which he agrees TO take IN the corporation |
At all elections, every stakeholder shai DC
entitled TO one vote for each share OF stock |
standing in his name the books OF the /
TO be cast in person or by ms
written proxy. A majority OF the votes cast
shall elect. ..
dation or dissolution of this corporation. the
shall elect three hquidators
from among their number at meeting CON
vened for that purpose, after fourteen li4D
dsys' written notice sent to each stockholuer
by mail to his last known address; said liqui-
dators shall have the authority to WIND up
the business and affairs OF this corporation
In case of the death of a liquidator, the
survivors shall appoint a stakeholder as sue
cessor to him
fed changed or altered said corporation
NAV be dissolved, with the assent OF stock
holders owning two thirds OF the enure eapl
tai stock, at a general meeting oil the stotN'
holders convened for such purpose, after |
fourteen Q4 days written notice shall nave
l,een given to each stakeholder mailed 10
him at his last known address.
ARTICLE NIII-No subscriber tor stock
shall ever be held liable for the contracts,
fanlts or debts of said corporation in any |
further sum than the unpaid balance, II any
due the corporation on the stock for which
he has subscribed; nor shall any sbockholder
ever be held liable for such contracts, tauitS
or debts in any further sum than the unpaid
balance, if any, on the stock owned by him;
nor shall any mere informality in organi-
cation have the effect of rendering TINS |
charter null or rendering any subscriber or
stockholder liable beyond the unpaid amount,
IL any, remaining due his stock.
ARTICLE IX-Tms corporation IS orga-
uized under the laws of the State OF LOUIS
lana, and especially Act No. 2d OF 1914 and
the subscribers hereto, for themselves and
said corporation, and for its officers, direc-
tors and stockholders, hereby accept, as part
of this charter and conditions OF this COY
poration, all the rights, powers, privileges
and immunities granted TO corporations, and
granted to and conferred upon officers, d.
rectors and stockholders Of corporations by
said laws and said act; such acceptance be,
ing as full, complete and binding as II SAID
rights, powers, privileges and immunitIes
were set forth at full length in this Ipstru-
npne and Passed in my Notorial OF.
e City OF New Orleans, aforesaid
sence of George ii. Terriberry, and
Joseph Dobbins, competent witnesses
kfu age ard residing IN this city, who
yfeunto subscribe their names, together with
kaid parties and me, notary, on the day and
date set forth in the caption hereof.
Original Signed: Geo II. Terrlberry; /.
J. Dobbins.
Names of Subscribers Omitted)