The herald. [volume] (New Orleans, La.) 1905-1953, 1919-04-10

CHARTER OF THE CLEO COMPANY II
State Of Louisiana, Parish OF Orleans, City q,
18Th dav Of March in the Year Of Nineteen d
Hundred and Nineteen. and Of the lndepen- u
lence OF the United States OF America the "
One Hundred and Forty third; Retore ne
Warren Vernon Miller. Notary Public, IN ;
and for the Parish OF Orleans. Louisiana, :
and in the presence Of the witnesses herein |
after named and undersigned. personally d
came and appeared, the several persons
whose names are hereinafter subscribed,
ali Of full age. who declared unto me, No
tary that availing themselves OF the laws
of the State OF Louisiana, relative TO the
organization OF Corporations. and particularly |
of Act No 267 OF the Acts Of the General
Assembly for the State of Louisiana for the
wear Nineteen Fourteen; they do by these
presents, contract, agree, covenant ShPuIaIe
and bind themselves, as well as such per,
sons as may hereinafter become associated |
with them form and constitute corpora
ton and body polite in law, tor the OBJECTS |
and purposes, and under the supulatlons |
hereinafter set forth:
ARTICLE 1.-The name and title Of this
Corporation shall be The Cleo Company, Inc
| and under such title, it shall have and en-,
| iOy succession and existence. tor a period |
| of ninety-nine years IRON date hereof; II
| shall have the power and authority 10 con
! tract sue. and be sued to make and use
| corporate seal, the same to break and alter al
| its pleasure; to hold. purchase, lease, sell
mortgage hypothecate, or pledge property
| real personal or mixed; and for the purpose
Of CARRYING on its business. to make ana
issue notes and other evidences OF indebted
ness: to name and appoint managers, clerks.
| or other employees, for the proper conduct
of its business, and to discharge same Al
its pleasure TO make and establish such by
laws. rules and regulations, as may be found
necessary and desirable for the management
Of the affairs of the corporations; and gen
erallv to do all and everything. act or deed:
for the complete, and proper conduct OF SAID
business.
Article 1.-THE donicile of this cor,
poration, shall be in the City of New Orleans:
State Of louisiana, where all citations ana
other legal process shall he served upon tfe
President. or in his absence upon the wee
| President or in the absence OF both, PreSl-
. dent and Vice President, upon the Secretary.
r ARTICLE III.-The objects and purposes
If this Corporation. and the nature OF me
: business to he carried on by 1t. are hereby
E declared 10 be follows, to-wit: 10 manu-
facture create produce and develop. toilet ar,
t ticles. perfumery, cosmetics and rouges OF
i all kinds mad descriptions; to purchase anG
+ sell. toilet articles rouges. cosmetics and
:. pe-fumery and all other articles Inciden
4 thereto. To purchase and acquire formula
p and patent rights, copyrights and trade
II marks: and sell same, or to use same IN con
q nection with and in the conduct OF ITS busi
\, ness To act as agents for the sale OF ar
i ticIes. dealt in by the Corporation. To pur
= chase and acquire business or corporaitno
is engaged in the manufacture and sale o
,e toilet articles or other articles dealt IN ~
I. his corpo-ation: TO erect and construct build
r ings. and install machinery for the etncien
is production of the goods. wares, merchandiS Sc
er and articles 70 be Tadr and produced
re This corporation. and generally to do any
~ and all things necessary. incidental to- gel
i name, or connected with the proper carryln
as ont Of the objects and purposes OF TINS col
poration.
rs ARTICLE IV-The capital stock Of thi
ii corporation is hereby declared TO be SSGp,o"
5 divided into 10000 shares OF the par value
22 5000 each. and it is authorized upon con
ed plving with the law. TO increase the capt.;
n. stock 70 the sum OF Five Hundred Thousan
W Dollars (s5oooom There shall nd p be t%
Fl, The Preferred stock is hereby fixed at Is
ri OOO shares of the par value Of $1,000 eac
ret which said Preferred stock shall be paid
ss | preference and priority over the tomn"
as stock a dividend of Eight per cent $50 p
lid innum out Of the earnings OF the Corporation
,yo the said Preferred stock shall be paid al
bv retired. by preference and priority over Il
led common stock. whenever the corporation
tv Inundated A9er the Preferred stock Il
the been paid. the Eight percent (Sfo( divide
nj per annum ont of the earnings OF the e
airs poraton of the remaining profits: If any, t
XIV Board OF Directors may in their discreti
ors declare further dividends TO either.
md Common or Preferred stock. The Comm
OH stock is hereby fixed at 5000 shares OF
ven par value Of 5000 each. The control ma
-op- agement, and voting power OF TINS !orpo
his ton is hereby vested and lodged IN the o"
ers of the Common stock; the Directors sh
the he selected by the owners OF the Comm
and stock but the Preferred shareholders sh
res he entitled to representation on me ho'
ncr ! OF Directors: a preferred shareholder WI
heir elected on the Board of Directors. shall h;
,rv eoiral voice and authority with directors v
own Common stock The Board of Direct
.eir. in selecting officers from their number II
1922 elect members of the Board, irrespective
Ior. whether they own common stock or
z1I1 This corporation reserves the right at
400 time to retire or redeem all or a proport
Of the preferred stock issued by it, by p
ing the owners of record, out OF the net
;c fits or surplus, price not less than
,s value of said stock and dividend for
81 current wear. If the retirement or rede
hove ton of said Preferred stock shall be o
the proportion of the total issue OF said
this ferred shares. said redemption shall De o
'''" ARTICLE V.-No certificates of ST
shall be issued or delivered unless same
R. fully paid for in cash. or for property, or
labor done or for Formulas or fatent Il'
or Trade Marks acquired: no stockho
c shall ever be held responsible for the TAT
contracts or debts of this Corporation
- any further sum than the unpaid balance
Err the corporation on shares OF stock subscr'
for bv him or her: nor shall any mere
formalitv in the organization have the
ouis. feet of rendering this charter null and '
Or or Of exposing stakeholder to any liahi
day whatsoever. other than aboVe: nor sudii
one stock duly issued be subject to assessm
Be This corporation shall become going
oned Germ. and commence doing business as
for as one-half of its capital stock shall
lana been subscribed for.
the ARTICLE VI.-All the corporate POI
nder- of this Corporation shall be vested IN
vii. exercised by a Board of Directors, comp
ioses Of five 81 shareholders, who may
the either Common or Preferred stock. tire
No & whom shall constitute a quorum for the u
orga- action of the business of the Corpora
this the first five directors of this corpor;
by shall be elected at a stockholders met
otary composed of the owners of Common stoc
ed in he called for that purpose. within tive
Book DAYS, or sooner, after the date OF TINS
Sec of Incorporation. The directors then Ell
record shall hold office until the second Mo
at Of January. in the wear Nineteen Nv
dav, 0oaM. Thereafter the Board Of Dire
cor shalI be elected annually on the ST
4 the Monday of January. The failure TO
\ was Directors however, shall not forfeit
wit: Charter but those in office shall hold
ration until their successors are elected and
2 Cor fled All elections shall be by ballot
shall Zach owner of Common stock shall b.
Said titled TO one "a vote for each share OF
,es of | standing in his or her name on the
III the of the CORPORATION, which vote may be G.
atoms, person or by proxy. The Board OF DIR
powers 50 elected shall select from their numb
Said election. the officers of the Corporat
ntract, serve for the ensuing year WHO no
ne: 10 either Common or Preferred shareho
. same No person shall be member OF the
ID re- NJ Directors of this corporation. who
c1,,;-e .La gunner NJ az least Ten (l0l shares