The herald. [volume] (New Orleans, La.) 1905-1953, 1919-03-13
CHARTER OF THE P c. DoERR COM
PANY, INCORPORATED

! isiana, Parish Of Orleans, City OF New Or
! leans.
the month Of February, in the year OF
! our Lord one thousand nine hundred and
nineteen and OF the IndePe ndece Of the
! United States OF America the one hundred
Moreno, a Notary Public, duly commission
ed and Qualified. in and for this City and
! the Parish OF Orleans. therein residing, and
! in the presence OF the hereinafter named
| and underS gned witnesses, personally came
and appeared the following persons whose
names are hereunto subscribed, together with
| the amounts OF their respective subscriptions
to the capital stock Of the corporation 10 be
! formed. who severally declare that avalinE
! themselves Of the provisions Of the general
laws Of the State OF Louisiana relative TO
the organization OF corporations, they have
coyenanted and agreed, and do by these pres
euts covenant and agree, and bind and OBJ
ligate themselves. well such other per
sons as may hereafter become associated
with them or their successors, to form and
continue themselves into a corporation and
body polite in law. and for the objects and
purposes and under the agreements and st'pu-
latious following, to-wit:
ARTICLE 1.-The name and title OF this
corporation shall be the P. c. Doerr Com
pany. incorporated, and by that mar said
corporation shall have power and authority to
have and enjoy succession for the full term
of ninety nine years from the date hereof;
| t. contract, sue and be sued; to make and
ceive. lease, hold. sell and convey. as well
as mortgage and hypotheCate, property, real,
personal and mixed; 10 name and appoint
| such officers and agents as the interest OF
| said corporation may require; and to make
| and establish such bylaws and regultiOns
for the proper management and regultion OF
its affairs as may be deemed necessary, and
the name TO change, alter and amend at
plesure.
ARTICLE 1.-THE douicile of said corpo-
ration shall be in the City of Ne wOrleans,
State of Louisiana and all citation and
other legal process shall be served upon the
president Of said corporation, or in case Of
his absence upon the vice-presdent, or in
case of the absence of both of these off
GERS, upon the secrtary thereof.
ARTICLE III-The objects and purposes
for which this corporation is established, and
the nature of the business to be carried or
by it are, TO buy sell. and manufacture fur
niure and househald furnishings and goods,
and TO those ends TO purchase, use, lease.
mortgage OF otherwise acquire movable or
immovable property, and generally to do all
acts and enter into all controls that nay
be necessary. convenient, to appropriate in
the accomplishment OF the aforesaid purposes
of buying and selling furniture, household
supplies and accessories and to do all other
kindred acts, engage in such businesses
as necessary, requisite or usually operated
; in connection with the buying and selling
OF furniture and household supplies and ac-
cessories of all kinds.
-
corporation shall be $25.OOOO0, divided into
80 shares of the par value of $1,000 each,
! and may be increased TO the sum of $780,
/ O0000, divided into 1000 shares of the par
value of $1,000 each and this corporation is
: to be a going concern when ne-half of the
capital stock has been issued and subscribed
for. Each share of stock shall be entitled
to one vote at all general elections. Should
the capital stock OF this corporation ever be
! increased over the sum of S25O00OO, ther
such additional shares OF stock that may be
. issued shall first be offered to the holder:
1 of stock at the time of issuance of said new
: stock in the proportion in which the SAD
q stockholders shall at the time of issuance
\ hold stock in this corporation.
ARTICLE N.-No stockholders shall evei
be held liable or responsible for the indebt
. edness, fults defaults OF this corporation
:, nor shall any mere informality in the orga
/ nization of the corporation have the effec
. of rendering the charter null or OF exposing
the stockholders to any liability beyond the
= unpaid balance, if any. on his stock sub
Il scription. Should any stakeholder desire t.
i sell his stock, he shall first offer the sam,
= to the stockholders of the company through
:. its board of directors and the stakeholder!
! who desire to purchase shall have the right t
y purchase the in the proportion to thei
a holdings of stock in the company. Should
q said stockholders in fifteen days after notice
. having been given, in writing fail or refuse
:. to purchase the stock offered for sale, sucl
. stock may be sold to any one. No transfeI
i of stock shall be made or held to be valiC
and binding unless made on the books of the
company, and unless made in pursuance o.
the provisions Of this charter.
ARTICLE NI.-This corporation shall have
. all powers granted TO such corporations by
!, law and shall have the power to contract
. sue and be sued in its corporate name, and
to own, hold receive, loan, lease, purchase
. sell and convey mortgage any and all o.
: its effects or to hypothecate its property and
:. to do any and all acts and things of any
: other kind nature or description. may be
! necessary to carry out the objects and pur
e poses of said business its interests anc
i, | convenience may require.
ARTICLE NII-The business of said cor
: poration shall be directed by and vested il
y a board of directors of three stockholders
n two of whom shall constitute a quorum fol-
d the transaction of business. and the said di
: reCtors as first constituted shall be 2. c
!, Doerr Alvin c. Carpenter and J. J. Mulligar
and two others to be selected by the three
above named directors and they shall hold
: office until tbs second Monday of January
T, 1920. and that day and from each anC
y every day thereafter elections shall be hello
e annually for directors at the principal offic,
II of the corporation. Failure to hold an cleo
y ton on the day specified shall not dissolv,
n the corporation, but the directors in offic,
/ shall hold their respective Offices until ar
a election shall be held after thirty days no
5. tice of the time and place II ,reof given t
5. each stakeholder. The annuaN election shall
10 1920. and thereafter on the second Monda,
i: in January in each succeeding year, and TIL
IT election shall be held between the hour
l. of a. m. and p. m. All vacan
1t cies on the board of directors for whateve
], cause shall be filled by the remaining di
c. rectors. P. c. Doerr shall be the frs
l. president and manager, Alvin c. Carpente
Or shall be the first vice president and J.
,r Muligan shall be the first secretary treas
Of urer and they shall hold office until the sec
lie ond Monday in January, 1920, and each sue
y ceeding board or directors shall elect it
a. principal officers for the term of their elec
Of ton and only stockholders shall be eligibl
is for election as a member of the board O
E. directors.
ARTICLE VIII.-Whenever this corpora
=. ion is dissolved either by limitation or 70
i any other cause, its affairs shall be liqui
n dated by the board of directors who ar
n hereby vested with full power TO sell any O
all assets of the corporation, either sepa
=, rately or in mass, and to convey full an
: complete title thereto. and shall have ful
,s power to do and perform all acts necessar
- and proper to fully and completely liquidat
;s the affairs and distribute the proceeds,
10 any, among the stockholders of the said col
poration to the amount of stock held b
er each
n ARTICLE IX-This act of incorporate
" nay be amended altered or modified or thi
ne corporation dissolved by a vote of three
III fourths of the shares of the total amount
We stock at a meeting convened for that pul
or pose after ten days notice in writing male
ty to the address of each stakeholder
Thus done and passed in my notarial o.
IN flee, in the City of New Orleans, State
%. | dav nd f;r,