The herald., 1918-06-13
CHARTERS
State Of LOUISIANA, Parish Of Orleans, City
u New Orleans

the month OF May. m The year Que thousand
nine hundred and eighteen, before me- VII
liam Waller Young, Notary luDLc IN
and for the Parish II Orleans, State Of Lou
isiaua. duly comm ss.pred and qualified and
in the presence o: the witnesses hereinafter
named and undersigned, personally came and
appeared. the several persons whose names
are hrre1rt1 subscribed all above the full
age u majority, who severally declared that,
aya.liug themselves Of the laws Of the State
Of LOUIS ana. and especially the laws re!a-
tive 70 the organization Of corporations, they
have cOye0auted and agreed - bind, form
and constitute themselves, as well as al
such other persons as may hereafter JOIN
or become associated with them, into a coT-
poration and body polite in law, tor the
objects and purposes and under the articles,
agreements and s,ipuiations following, TO-
wit:
ARTICLE The name. style and title OF
this corporation shall be Coa.e Bros, Inc,
ami, under that name, It shall! have and
enjoy all the rights, advantages and priv.
lcges granted by law 20 cJrpoTatlOns, and
shall exist for the full term and period OF
ninety nine years, from this day. Il shall
have power 20 contract, sue and be sued; %
make and use a corporate seal, and the
same 70 alter and break a. pleasure 70 hold,
receive lease, purchase, sell and convey, as
well mortgage, hyP0thecatc and pledge
property, real, personal and mixed, c)rpD-eal
and iucOrpOrcal; 70 name and appoint such
managers, directors. officers, agents and other
employees as is interests and convenience
nay require, and 70 make and establish as
we'll as alter and amend, from time - time,
such bylaws, rules and regulations as may
be necessary and eNPedieut for the proper
management and government Of the affairs
OF said corporation.
ARTICLE 1.-THE d1micile Of this corpo-
ration IS hereby fixed in the city Of New
Orleans, State OF Louisiana, and all eta
ticns 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
the reasurer.
ARTICLE III-The objects and purposes
OF this corporation and the nature 81 the
business to be carried on by it 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;
TO establish and conduct warehouses and to
do all kinds Of commercial, brokerage and
commission business; and, IN cOnnecuon
Herewith, TO 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 Of
ONE HUNDRED THOUSAND DOLLARS
(slO.OOOO) to be divided into and repre-
the sum of one hundred dollars $1,000
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 (S5O00DO0).
ARTICLE V-All the corporate powers OF
said corporation shall be exercised by
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-
ali their her
presidents, a secretary, and a treasurer. The
first board of directors shall consist of five
stockholders and shall be composed OF
Charles B. Coate, Harold w Oliver, James
M. Beley, Malcolm B. Coate and Fred w.
CoIte, with Charles b. Coate as President,
Harold w. Oliver and James NJ. Beley, as
Vice Presidents. Frederick w. Coate sec
rotary, and Malcolm B. Coate as Treasurer.
The post office addresses of all Of said
directors are as follows: Charles B. Coate,
New Orleans, Louisiana; Harold w. Oliver,
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, 1913,
or until their successors have been duly
elected and qualified. The annual meeting
of stockholders for the election of directors
shall be held on the first Wednesday of
September of each year, unless said day be
a legal holiday, and then on the next bank
day thereafter. Each subscriber hereto sets
after his name his post-office address and a
statement of the number Of shares OF stock
which he agrees TO take the oorporation
At all elections, every stakeholder shall be
entitled 10 vote for each share OF stock
standing in his name on the books OF the
corporation, to be cast in person or by his
written proxy. A majority OF the votes cast
shall elect.
ARTICLE vI-Iu the event of the liqui-
dstion or dissolution Of this corporation, the
stockholders shall elect three hquidators
from among their number at a meeting con
vened for that purpose, after fourteen QD
days written notice sent to each stakeholder
by mail to his last known address; said liqui-
daton shall have the authority DO wind up
the business and affairs of this corporation.
In case Of the death of liquidator, the
Survivors shall appoint stakeholder as sue
cessor to him
ARTICLE VII-This charter may be modi-
fled changed or altered or said corporation
may be dissolved, with the assent of stock
holders owning two thirds OF the entire CAPT
tai stock, al a general meeting OF the stock
holders convened for such purpose, after
fourteen 40 days written notice shall have
been given to each stakeholder mailed 20
him at his last known address.
ARTICLE VIII-No subscriber for stock
shall ever be held liable for the contracts,
faults or debts Of said corporation in any
further sum than the unpaid balance, if any,
due the corporation on the stock for which
he has subscribed; nor shall any sbockholder
ever be held liable for such contracts, faults
or debts in any further sum than the unpaid
balance, il any, on the stock owned by him;
nor shall any mere informality in organi-
ration have the effect of rendering this
charter null, or rendering any subscriber or
stakeholder liable beyond the unpaid amount,
if any, remaining due on his stock.
ARTICLE IX-This corporation is orga-
nzed under the laws of the State of Louis
lana, and especially Act No. 267 Of 1914, and
the subscribers hereto. for themselves and
tors and stockholders. hereby accept, as part
of this charter and as conditions OF this cor
porsbion, all the rights, powers, privileges
and immunities granted to corporations, and
granted TO and conferred upon officers, di-
recrors and stockholders of corporations by
said laws and said act; such acceptance be-
ing as isn. complete and binding as if said
rights<9ers, privileges and iuImunities
" h at full length in this instru-
6e and Passed in my Notorial Of
pshe City Of New Orleans. aforesaid
u presence of George H. Terriberry, and
IBmas Joseph Dobbins. competent witnesses
n lawful age and residing in this city, who
hereunto subscribe their names. together with
said parties and me, notary, on the day and
date set forth in the caption hereof.
Original Signed: Geo II. Terriberry; T.
]. Dobbins.
Names Of Subscribers Omitted)
w. w. YOUNG, Not. Pub.
I, the undersigned Recorder Of Mortgages,
in and for the Parish Of Orleans, State Of
Louisiana, do hereby certify that the above
and foregoing act of Incorporation OF the
Coste Bros, Inc, this day duly record
a -~fc. - n-,l II