The herald. [volume] (New Orleans, La.) 1905-1953, 1918-10-17
CHARTERS

/ pound, prepare or otherwise make, liquid
= soap. solvents, polishes and cleaners. TO, sell
same either at wholesale or retail, buy, sell
and deal in chemicals, chemical compounds
and chemically prepared proprietary articles
. 10 engage in trade and commerce in all its
forms, shapes and phases; 10 have, hold, ac-
quire, possess, sell, let, ALLEVIATE trans
fer any and all offices, real estate, buildings
and machinery necessary for the conduct
OF the business; to have, hold, acquire, pos
. sess, sell, let. ALLEVIATE or transfer trade
marks, patents and patent rights or copy
| rights, privileges and inventions; TO hold
stock in other corporations and bonds OF the
same and OF the United States and of the
State of Louisiana, and generally 10 do and
perform all things needful. necessary proper,
or useful for the accomplishment OF the pur-
poses OF the corporation, the whole in the
State OF Louisiana, the states territories and
| possessions OF the United States and in for
elgn states and territories with the right 10
! have offices and places Of business and agents
and representatives, IN any and all Of the
| same.
ARTICLE IV.-The capital stock of this
corporation Is fixed al Fifty thousand dol
/ lars (S500O0), divided into twenty-five hun
| dred shares OF the par value of Twenty $50
/ Dollars each, % be paid for in cash or in
/ services actually rendered OF IN property pur-
| erased by the corporation. twenty-five
| thousand dollars tS25.pyOJ Of said stock NAV
/ be used in payment for the exclusive right
/ 10 manufacture. compound otherwise make
| the liquid soap solvent. known as Glas- Clos
according to the formula owned by Louis A
Block and protected by letters patent or COPY
night now pending IN the Patent Office of
the United States, together with the exciu- |
sive right to vend the same in the United
States, territories and possessions and in for
elgn states and territories for period of |
two years from date hereof the value of the |
night so acquired and the option hereinafter
granted being hereby appraised for the sum |
OF Twenty five thousand dollars (s25,OOO), and |
the Board of Directors is authorized 10 &C
CURE said rights from the said Louis A |
BLOCK and in payment therefor, TO issue GER
tit1cates of stock for the amount of shares
equal to the number of shares subscribed |
Tor by other subscribers or stockholders and
thereafter IN amounts 50 that he shall re-
eeive, Ss shares OF stock are subscribed for
by others a certificate for shares equal in |
NUMBER TO the shares so subscribed: and |
the said Louis A Block hereby grants an |
exclusive option to the lessee To purchase
said formula and all trade names trade
marks oopy-rlshts and patents protecting said
Formula or trade name at the expiration of |
two years from date hereof at a price 20 he
Lheo and determined by a majority vote of |
the Board of Directors of said lessee after
sElhs tuii and tar consideration TO the
oy the business and profits OF said lessee
derived from the use of said formula during |
said period OF two years, payable in CAPT. |
tdi STOCK OF the lessee; should the price so
determined be more than the unissued capi. |
tal stock OF the lessee, then this charter shall |
DC amended and the capital stock increased TO |
suen sum as VIII enable the lessee (this con-
pahy' 10 acquire full ownership of said for
Huid' anu pay Tor same in stock. The !
capital stock may be increased 10 One Mil |
hon lSl,0D00OO) Dollars. The capital stock
o. ms corporation Is issued and held under
the irrevOcable agreement contract and 60 |
lItons that no sale transfer of the stock
snail be recognized by the corpora-io, ~,
less and until it shall have been fi-s+ offr-.
ed IN writing 10 the corporation at the book
value thereof shown by the last aud;+ 81
he - -.
ne use and benefit of other stockholders. who
re hereby granted the absolute first right
ma privilege TO purchase same at the price
tated and to accept (Which shall he in 80, |
ng) and pay therefor within thirty DAYS az
or such otter shall have been made The
ignt and the rights conferred in this Article
the charter shall follow the stock into
whatever hands IL NAV 90 Failure Of ,ba |
Older or PossessOr of the certificate Of SOL
produce or deliver same shall authorize
ne corporation TO receive in trust the price
nereof, to cancel such outstanding cer;ifi.
ates on the books of the corporatior1 and l. |
lie new certificates therefor The storI 60
urcnased shall be divided among the re-
aiming stockholders as NAV be desired ~
'en- and IN default of agreement, in pro-
'rtion TO their several holdings and ,ino, -
ayment OF the price thereof. This CORPORA
on snail be the agent of the stockholders
specially empowered through its Board oF -
irectoTs to enforce and carry out ali OF III
le foregoing provisions regarding stock in IN
rs corporation. by
ARTICLE V.-All the corporate Do,x.-s an
-sted by law or this charter on Convection ex
laII oe exercised by the Board of Directors ou
ulls corporation. including the right TO Ii1
anage, control and direct the affairs of me
rs corporation, the corporate policy, 10 sell N
ie corporation or to merge il into another ris
rporation and to take in payment OF anv OH
zen sale or merger. cash bonds notes or OF
oSh OF the purchasing merging corpora- | y.
On or OF new corporation created for the q
~ pose without the necessity of referring ~.
ther or any OF said acts to the stockboIde-s eIe
ne BOARD OF Directors of this corporatio, | -
All be composed of five stockholders The an
81 poard OF Directors under this charter &c
az DC LOUIS A Block, y. J. Barrois, NJ ~
Smitn. Hugues Fernandez and REM w COZ
ernan with Louis A Block as Presiden. DO
J. Barrios as first Vice-President. Hugues rui
as Second Vice-President and NJ the
smith as Seeretary-Treasurer; they shall M
t u OIiIoe until the first Monday OF DC. GGel
and qualified. OF the first MONDAY Of me
,rooer' 1870, and annually thereafter an sha
ection shall be held by the stockboiders TO
Board OF Directors. Such election sbaIi rec
preceded by fifteen days written notice ser
the stockholders delivered in nerso, - Bo
Mt by mail to the last address Enovl1 - rem
me office of the corporation at such hon. | 4.
ocknolder shall have been registered with r..
secretary. The election shall be held RI.
Ine othee OF IN corporation at such hour tho
may De liked by the incumbent Roard az | 6or
rectors and under the superviS;or % -, ~, :; ~
more commissioners appointed bv ,bs -,
me. In all elections for officers or d;rar | IN
Is or Doth, the cumulative form of voting me,
'ck snail prevail and the five persons re of
wing the highest number az ,,o+os -. u.
said election shall be declared eiectsd vi
d the Board of Directors thus ELECTED ~
an meet and organize as soon after said hee
,cuon as possible. A majority OF the H.
ole Board shall constitute a quorum. and