The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-15
CHARLES ROSEN
CHARTER OF THE CLEO COMPANY
INC


April lO-May Is.
CHARTER OF THE CLEO COMPANY,
INC
State of Louisiana. Parish Of Orleans, City |
Of New Orleans. BE il known, that on this
18th day Of March in the Year of Nineteen
Hundred and Nineteen, and OF the lndepcn-
dence OF the United States Of America, the
One Hundred and Forty third; Before ne.
Warren Vernon Miller, a Notary Public, in
and for the Parish Of Orleans, Louisiana.
and III the presence OF the witnesses herein
after named and undersigned, personally
came and appeared, the several persons
whose names are hereinafter subscribed
all OF full age, who declared unto me, No
tary. that awaiting themselves Of the laws
Of the State Of Louisiana, relative to the
organization of Corporations. and particularly
| OF Act No POI OF the Acts OF the General
Assembly for the State OF Louisiana for the
| year Nineteen Fourteen; they do by these
| presents, contract, agree, covenant, Stipulate
and bind themselves, as well as such per
sons may hereinafter become associated
| with them, TO form and constitute a corpora
| ton and body polite IN law, for the objects
| and purposes. and under the stipulati0ns
| hereinafter set forth:
! ARTICLE 1.-The name and title Of this
! Corporation shall be The Cleo Company. Inc .
and under such title 1t shall have and en-
| JOY succession and existence. for a period
OF ninety-nine years from date hereof; II
! shall have the power and authority to con
/
| corporate seal, the same TO break and alter a.
! its pleasure; to hold. purchase. lease. sell
mortgage or hypothecate, or pledge property
| real. personal mixed; and for the purpose
! Of carrying on its business. to make and
| issue notes and other evidences OF indebted
ness: 70 name and appoint managers, clerks
| or other employees, for the proper conduct
| of its business, and 70 discharge same al
! its pleasure; to make and establish such by
! laws. rules and regulations. may be found
! necessary and desirable for. the management
| Of the affairs OF the corporation; and gen
orally to do all and everything. act or deed.
for the complete. and proper conduct OF said
! ARTICLE 1.-THE domicile Of this cor
poration, shall he in The City of New Orleans
State Of louisiana where all citations and
other legal process shall be served upon the
| President. or in his absence upon the Vice
| President in the absence OF both, Presl-
dent and Vice President. upon the Secretary.
! ARTICLE III.-The objects and purpose
OF this Corporation. and the nature OF the
| business to be carried on by II. are hereby
declared TO be as follows, to-wit: To manu-
facture create produce and develop. toilet ar
ticleS perfumery, cosmetics and rOuges OF
all kinds mad descriptions to purchase, and
! sell toilet articles, rouges. cosmetics and
perfumery and all other articles incident
thereto. To purchase and acquire formula as
and patent rights copyrights and trade
marks; and sell same. 10 use same in con
nection with. and in the conduct of its bust
tices. dealt in by the Corporation. To pur-
chase and acquire business temperatures
engaged in the manufacture and sale OF
toilet articles or other articles dealt in by
this corporations; to erect and construct build
ings. and install machinery for the efficient
production Of the goods, wares, merchandise
and articles to be made and produced by
this corporation, and generally to do any
and all things necessary incidental to, ger
name. -or connected with the proper carrying
out of the objects and purposes of this cor
poration.
ARTICLE IV.-The capital stock of thi:
corporation is hereby declared to be $4,000
divided into 5000 shares of the par value o.
5000 each. and ii is authorized upon com
plying with the law, TO increase the capita
, stock to the sum of Five Hundred Thousand
! Dollars (S500OOO. There shall be tive
classes of stock. Common and Preferred
, The Preferred stock is hereby fixed at IS,
900 shares of the par value of $1,000 each
which said Preferred stock shall be paid b!
, preference and priority over the Common
, stock dividend Of Eight per cent 500 pc
annum out of the earnings Of the Corporation
, the said Preferred stock shall be paid anC
, retired, by preference and priority over thu
, common stock. whenever the corporation i
liquidated After the Preferred stock ha
been paid the Eight percent 89ol dividend
per annum out of the earnings of the Cor
, poration of the remaining profits. il any, The
Board of Directors may in their discretion
. declare further dividends. to either. thu
| PREFERRED
stock is hereby fixed at 1900 shares Of tn,
! par value of 5000 each. The control. man
agement. and voting power of this Corpora
ton is hereby vested and lodged in the own
ers of the Common stock; the Directors shall
be selected by the owners Of the Common
stock. but the Preferred shareholders shall
be entitled to representation on the Board
of Directors: a preferred shareholder wher
elected on the Board of Directors. shall have
equal voice and authority with directors VIII,
I'd NJ Directors
in selecting officers from their number may
> elect members of the Board, irrespective Of
| whether they own common stock or not
; This corporation reserves the right at any
: time. to retire or redeem all proportion
, of the preferred stock issued by 1t, by pay
!, ing the owners Of record, out Of the net pro
fits surplus, price not less than pal
value of said stock and dividend for the
current year. If the retirement or redemp
ton of said Preferred stock shall be only
a proportion of the total issue OF said Pre-
! ferred shares. said redemption shall be
! pro-rata basis
; ARTICLE V-No certificates of stool
! shall be issued or delivered. unless same i
fully paid for in cash, or for property, or 70
labor done. for Formulas or Patent right
or Trade Marks acquired no stockholde
shall ever be held responsible for the faults
contracts. or debts of this Corporation II
any further sum than the unpaid balance du
the corporation shares of stock subscribed
= for bv him or her; nor shall any mere in
: formality, in the organization have the ef
feet of rendering this charter null and void
or of exposing a stakeholder to any liablit
!. whatsoever other than above; shall an
: stock duly issued be subject to assessment
v This CORPORATION shall become going cor
e Germ and commence doing business as 500
: as one-haf of its capital stock shall hav
d been subscribed for.
n ARTICLE VI-All the corporate power
A. Of this Corporation shall be vested in an
e exercised by a Board of Directors. compose
r Of five (9 shareholders, who may ow
l. either Common or Preferred stock. three
s whom shall constitute quorum for the trans
lie action of the business OF the Corporation
& the first five directors of this corporatio
a shall be elected at a stockholders meetin
is composed of the owners of Common stock
" be called for that purpose, within five G
y days, or sooner, after the date OF this a.
in of incorporation. The directors then electe
c. OF January in the year Nineteen Invent
ID lo2O). Thereafter the Board Of Director
a shall be elected annually on the secor
v Monday of January. The failure TO ele
r Directors however shall not forfeit I'll
lie Charter, but those in office shall hold ov,
Is until their successors are elected and quail
fled All elections shall be by ballot. ar
N each owner of Common stock shall be Ell
r titled to one () vote for each share Of stoc
II standing in his her name on the bool
il of the CORPORATION. which vote may be cast
Of person or by proxy. The Board of Director
lie 50 elected shall select from their number b
$, election the officers of the Corporation
rs serve for the ensuing year. who NAV
id either Common or Preferred shareholder
4 M persou shall he a member of the Boar