The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-25
CHARTER.

exchange, export, import, dispose of. and
otherwise deal in, at wholrsal" or retail.
all kinds of machinery. railroad, mill. con
tractors equipment ana supplies engineer
ing and hardware >peciaiticS. heavy and
shelf hardware, gasoline and gas engines
and motors, steam engines, boilers, pumps,
| ship chandlery, lumber. ties, coal and
coke, and products of the same, yachts
and other boats, groceries, provisions and
green goods, electrical apparatus and sup
plies, vehicles and all and every kind OF
appliances incident. necessary, proper and
desirable in the conduct of such business
and generally to deal in, buy. sell and dis
pose of any article # merchandise for
! the successful conduct of the business
herein contemplated, and if need he oE
considered desirable to lease. own, charter
and, or operate steam vessels and. or
sailing vessels 10 transport the mvTlhHn-
disc dealt in or manufactured lay this cor
poration, or any other individual or COM
pany.
ARTICLE IV-The CAPITAL stock of thi,
CORPORATION shall he fifty thousand $3.50.
OOOOOl dollars divided into and repre-
scented by five hundred (1O0) shares of
the par value of one hundred $4,000
dollars each, which shall all be common
stock, fully paid and worcestershire.
No stakeholder shall sell or otherwise
dispose of his stock without first offering
it in writing TO the body Of stockholders
through the Board OF Directors. ut its
book value. and the StOCkhold shah
or reject such offer before same may he
Offered and sold on public market.
The capital stock of this corporation may
be increased 10 the sum of two hundred
and fifty thousand ($25O 100000 dollars. as
provided by law.
Thi, corporation shall be and become Il
going concern on and after January /.
1920. and after fifty per cent of its CAPITAL
| stock shall have been subscribed and
paid for
ARTICLE V.-An the corporate powers
of this corporation shall be vested in and
| exercised by a Board of Directors to lac
composed of five stockholders, three OF
whom shall constitute Il quorum.
The Board of Directors shall be elected
annually on the Tuesday after the first
Monday in January in each wear at "A
meeting of the stockholders held on that
day. All elections shall be by ballot and
each stock holder shall be entitled to one
vote for each share of stock standing in
E his name on the books of the corporation,
this vote to be east in person. or by writ
ten proxy. Failure to select the Board OF
Directors as herein provided shall not
; work forfeiture of this charter, but the
? old Board of Directors shall remain in
office until their successors. are duly
elected and qualified.
Any Director who is not able to attend
= ut any meeting Of the Board has the right
10 appoint, in writing, another member
or the Board to act as his proxy.
3 The officers of this corporation shall be
President, Vice President and n Sec
rotary and Treasurer; any two of the
offices, excepting that of President, may
be combined. The first Board of Direc-
tors TO serve until the Tuesday after the
9 1irst Monday in January, 1921, or until
2 thelr successors are duly elected and
! qualified, shall consist of NJ. Augustus
Davis, residing at st. Charles Hotel New
orleans; Arthur J. Comila. of No 1912
f Saint Charles Avenue, New Orleans; Felix
: V. Bruen, of No. 2603 Milan Street, New
dreams; Emile N. Cornay, of No. 1897
| hrla
NJ. Myers, Of No 401 Arabella Street
New Orleans; Of which NJ Augustus Davis
snail be president; Felix V. Bruen shall
be vice President and Emile N. Cornay
snail be Secretary-Treas urer
I Any vacancy in the Board of Directors
may De hlled by the remaining Directors
OF SAID Board from among the stockhoId-
{ ers. The Board of Directors shall have
the power and authority, by proper reso-
p luton, to SELL mortgage, hypothecate and
pledge any kind of property owned Inv
the corporation. either in whole or In part .
10 purchase, lease and otherwise acquire
any property for the corporation; to make
ioahs, borr0w money, issue notes and
other obligations the same in any manner
permitted by law; in fact it shall have
ana exercise all the powers conferred by
Act 267 of 1914.
3 ARTICLE VI.-This act of incorpora
3 tlon may be amended. altered or modi-
P ned, or the corporation dissolved Mt any
time by complying with the provisions of
] the laws of this state
: ARTICLE What the expiration of this
charter, or the earlier dissolution of this
corporation, its affairs shall be lidufdated
by two commissioners to be elected nv
the stockholders, in accordance with law,
ana said commissioners are hereby vested
e with full power and authority to sell any
ana all assets and property, real personal
ana mixed of this corporation, and To
convey fuil and complete title thereo and
TO DO and perform all. every and any act
or acts essential to n full and cOmplete
T liquidation of this corporation and to dis
tribute the proceeds, if any. In the event
OF the death, inability or resignation of
elther OF said commissioners the survivor
$ shall continue to act and be likewise In
r vested with all the powers herein mention
= ed.
$ ARTICLE VIII-The appearers have
a subscribed to the number of shares 60,
e opposite their respective names, and their
J signatures hereto shall constitute the orr
glnal subscription list to the capital stocs
0 of this corporation.
@ Thus done and signed in my office. n,
b the City of New Orleans. on the dav
y month and year, herein first before writ.
ten, In the presence of Messieurs Charlie,
i Leblanc and Frank II. Doyle competent
e male witnesses of age and residents al
this Parish, who have signed these pres.
n ents with the said appearers and me
. Notary, after due reading of the whole
Witnesses: Charles Leblanc and Franz
e T. Doyle.
Original Signed) NJ A. Davis. 2sC
e shares; Il. N. Cornay, 60 shares; u. NJ
:, Myers go shares; A. j. Gomila, go. shares
:. +. V. Bruen, 60 shares.
JOSEPH SINAI
Notary Public
1. the undersigned, Recorder of Mort
: cages, in and for the Parish of Orleans
State of Louisiana, do hereby certify thai
the above and foregoing Act of Incorpo
ration of the Globe Supply and Machinery
Company, Incorporated, was this daJ
duly recorded in my office in Book 1898
| Folio -
1919.
= tSigned) EMILE J. LEONARD, Dy. r.
j certify the above and foregoing to b,
z true and correct copy of the origina
Act of Incorporation of the Globe Suppl.
and Machinery Company, Incorporated
ltOppthpr with tho certificate NJ no Pa