The herald. [volume] (New Orleans, La.) 1905-1953, 1918-06-20
CHARTER
State Of Louisiana, Parish of Orleans, City
of New Orleans

! Be it known, that on this Fifteenth day Of
/ the month of May, in the year thousand
nine hundred and eighteen, before me, Will
! liam Waller Young, Notary Public, in
and for the Parish Of Orleans, State of Lou
! isiana, duly comm sSIoned and qualified and
| in the presence of the witnesses hereinafter
named and undersigned, personally came and
| appeared, the several persons whose names
| are hereunto subscribed, all above the full
age OF majority, who severally declared that,
| availng themselves OF the laws OF the State
| of Louisiana, and especially the laws rela-
| tive to the organization of corporations, they
| have covenanted and agreed TO bind, form
| and constitute themselves, as well as all
| such other persons as may hereafter JOIN
| or become associated with them, into a cor
poration and body polite in law, for the
! objects and purposes and under the articles,
agreements and stipulations following, to-
wit:
ARTICLE 1.-The name, style and title of
| this corporation shall be Coate Bros, Inc,
| and, under that name, it shall have and
| enjoy all the rights, advantages and prlvl-
| leges granted by law 20 corporations, and
shall exist for the full term and period OF
ninety-nine years, from this day. 1t shall
have power 10 contract, sue and be sued; to
make and use a corporate seal, and the
same to alter and break at pleasure; to hold,
receive, lease, purchase, sell and convey, as
we'll as mortgage, hypothecate and pledge
property real, personal and mixed, corpOreal
and incorporate; to name and appoint such
managers, directors, officers, agents and other
employees its interests and convenience
may require, and to make and establish as
well as alter and amend from time 10 time,
such bylaws, rules and regulations may
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
the reasurer.
ARTICLE III-The objects and purposes
OF this corporation and the nature OF the
business to be carried by 1t 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;
to establish and conduct warehouses and to
do all kinds of commercial, brokerage and
commission business; and, in connection
Herewith, 10 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 inc.
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
|
| (SlOOOOOO to be divided into and repre-
sented by one thousand Q,O0O) shares in
the sum of one hundred dollars SlOOOO)
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 (SS00,OO0.0O).
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
] Coz +l,a +~au n h1iSIneSS.
The Board of Directors shall elect annu-
ally from their number president, vice
presidents, secretary, and a treasurer Inc
first board Of directors shall consist OF tive
stockholders and shall be composed OF
Charles B. Coate, Harold w. Oliver, James
NJ. 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 as 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,
Tennessee.
These directors and officers shall serve
until the first Wednesday of SEPTEMBER, 1918
or until their successors have been duly
of stockholders for the election Of directors
sIall 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 IN the corporation.
| At all elections, every stockholder SHAH be
| entitled 10 one vote for each share OF stock
standing in his name on the books of the
| cornoration. TO be cast in person or by his
written proxy. A majority OF the votes cast
| shall elect.
ARTICLE Win the event of the liqui-
| dation 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 90
davis written notice sent to each stockholder
| BY mail to his last known address; sald lIqui-
dators shall have the authority 30 wind up
the business and affairs of this corporation.
In case of the death of liquidator, the
survivors shall appoint stockhoIder as sue
cessor to him =.
ARTICLE VII-This charter may be modi-
| fled. changed or altered or said corporation
nav be dissolved, with the assent of stock
| holders owning two thirds OF the entire capt
| tai stock, at a general meeting OF the stock
holders convened for such purpose, after
fourteen 90 days written notice shall have
| been given to each stakeholder mailed TO
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
| turther sum tnan the unpdlu DdldHSC, IL any
due the corporation the stock for which
he has subscribed; nor shall any stockholder
ever be held liable for such contracts, faults
o. debts in any further sum than the unpaid
| balance, if any, on the stock owned by him;
nor shall any mere informality in organi-
zation have the effect of rendering this
charter null, or rendering any subscriber or
stockholder liable beyond the unpaid amount,
| if any, remaining due on his stock.
ARTICLE IX-This corporation is orga-
nized under the laws of the State of Louis.
lana, and especially Act No. 267 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 as conditions of this cor
porstion, all the rights, powers, privileges
| and immunities granted to corporations, and
granted to and conferred upon officers, di-
recoors and stockholders of corporations by
| said laws and said act; such acceptance be-
| ing as full, complete and binding as if said
rights, powers, privileges and immunities
were set forth at full length in this instru-
ment.
Thus Done and Passed in my Notorial Of.
| flee at the City of New Orleans, aforesaid
in the presence OF George H. Terriberry, and
Thomas Joseph Dobbins, competent witnesses
of lawful age and residing in this city, who
hereunto subscribe their names, together with