The herald. [volume] (New Orleans, La.) 1905-1953, 1919-02-20
CHARTER


dent, and in his absence on the Secretary or
Treasurer.
ARTICLE III.-The objects and purposes
for which this corporation Is formed, and the
business to be carried on by 1t are declared
TO be; to buy, sell and deal in the full
sense, at wholesale, in all manufactured
rubber goods OF any nature whatsoever, and
automobile accessories, rubber, leather and
canvas betting, for its own account or for
the account OF others, on commissions Or
otherwise, and to engage in or do all other
things Incidental TO ar necessary Tor the
conduCtlon OF said business. This corpora
ton is organized for the immediate purpose
of taking over the business OF Raymond J.
Martinez in this city. and which business has
an estimated value fixed by the hereinafter
named Board Of Directors in an estimative
inventory thereof, and which said inventory
is made part Of this act, At Seven Thousand
Five Hundred Dollars (S5G.OO and the
amount OF capital stock 10 be issued in pay
ment for the said business TO be taken over
is fixed at Seven Thousand Five Hundred
Dollars CT,5OOOO hereinafter shown.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum Of
Twelve Thousand Five Hundred Dollars
(Sl2,5OOOl which said capital stock may be
increased in the manner provided by law 10
the sum OF One Hundred Thousand Dollars.
Said capital stock shall be divided into one
hundred and twenty five shares tl25) OF the
par value Of one hundred dollars tSIlOOO
each, to be paid for in cash or property, or
other rights actually transferred TO the cor.
poration in lieu OF cash, from appraised
value set upon said property or rights by the
Board OF Directors for which property So
may issue full paid stock. This corporation
shall begin business Immediately upon the
filing Of this charter in the Mortgage office
OF this Parish.
ARTICLE N.-NO stockholder of this cor
pOratiOu shall offer for sale sell assign or
raj sic tDrk in VIII n
out first giving to the other stockholders
80 days prior notice Of such intention, by
notice thereof given IN writing to the PreSi-
dent Of the corporation. and shall by said
president be made known to the Directors
OF the corporation and the other stockhold-
erS, they shall have the privilege of purchas-
ing said stock at the book value thereof foI
a period OF thirty days, from the delivery
OF said notice to the president The stock
of said corporation may be transferred un.
der the above conditions, provided, said
transfer thereof be made on the books OF
said company, at its office, and upon the
surrender OF the certificate therefor. No
transfer of any fractional part OF share
shall be made.
ARTICLE Wall the corporate powers Of
this corporation shall be vested in and the
management and control Of its business and
affairs be exercised by a Board OF Directors
composed of Three 81 stockholders. A ma
JOrity OF the directors shall constitute a
quorum for the transaction OF business. The
directors shall be annually by ballot begin
ming on the 5rd Monday of February, 1920;
all elections shall be held under such rules
and regulations as may be determined and
fixed by the Board of Directors. Ten days
written notice of such election shall be
given TO each stakeholder by registered mail.
sent to his last known address, or by pub
LEGATION, for, at least, three times in 10
days preceding such election in one of the
daily English newspapers in the city of
New Orleans. No failure TO hold such cleo
ton shall be regarded as a forfeiture Of
this charter. Any vacancy occurring in said
Board of Directors shall be filled by the re-
naming directors for the unexpired term.
The first Board of Directors of this Com
pany shall consist OF Raymond ]. Martinez,
residing at 6022 Pitt Street, New Orleans.
Clay Avenue, New Orleans, La. and Jno.
F. McFertridge, residing at 1910 St. Charles
Avenue, New Orleans, La, with Raymond J.
Martinez, as Secretary; {. Fred Morelan&
as Secretary, and John T. McFertridge as
Treasurer. The three above named shall
constitute the first Board of Directors and
shall serve until their successors are duly
elected and qualified. The Board of Di-
rectors shall after each election, elect from
their number a President, a Secretary and
ARTICLE Vino stakeholder shall ever
be held liable or responsible for the con-
tracts. faults debts of this corporation,
nor shall any mere informality in its or
charter NULL or OF exposing a stakeholder
to any liability beyond the unpaid balance
due the shares of stock subscribed by
him. This act of Incorporation may be
changed, modified, altered, or this cor
poration may be dissolved in accordance with
the provisions of Section Nos. and % of
Act 267 of the General Assembly of the
State of Louisiana. for the year 1914 In the
event of the dissolution of this corporation
by the expiration of its charter or otherwise.
its business and affairs shall be liquidated
and terminated by three liquidators to be
selected by and from the stockholders, at
the meeting which shall decide to liquidate.
and of which meeting IS days full notice. by
registered mail, must be given to each stock
holder. Such liquidators shall have full
power and authority to settle all the bust
ness and affairs OF the corporation. In case
OF the death or disability of any of said
liquidators, the survivor or survivors shall
appoint successor or successors to him or
them among the stakeholder.
ARTICLE VIII.-The stockholders have
respectively written opposite their the
amount OF stock in this corporation sub
scribed for each of them, so that this act
may serve as the subscription list of said
corporation.
Thus done and passed, in my office, No.
lana. on the day, month, and year first above
written in the presence of w. w. Young.
and G. DeReyna competent witnesses. who
have hereunto signd their names with the
SAID appearers and me, Notary, after read
ing of the whole.
Witnesses: w. w. Young, G. DeReyna.
Original Signed Names of subscribers
CONRAD G. COLLINS.
Notary Public
l. the undersigned Recorder of Mortgage
in and for the Parish OF Orleans, State of
Louisiana. do hereby certify that the above
and foregoing act of Incorporation of Ray
mond J. Martinez, incorporated, was this day
duly recorded in my office in Book 1928,
Folio -.
New Orleans. La. Feby. l+th. 1919
(Signed) EMILE J. LEONARD. by. r.
A true copy of the original act of incor-
portation on file and Of record in my office.
New Orleans, La, Feby. l4th, 1919
CONRAD G. COLLINS.
Notary Public.
Feb. 20-27; March 6-l3-2027