The herald., 1919-02-27
CHARTER

| legal process shall he served on the Pres
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 it 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, commissions OF
otherwise, and TO engage in or do all other
| things incidental 10 or necessary Tor the
conducton Of said business. This corpora
| ton IS Orga",zed Tor 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 (S,5OOOO and the
amount OF capital stock 10 be issued i'll pay
ment for the said business 20 be taken over
is fixed at Seven Thousand Five Hundred
Dollars N,500OOl as hereinafter shown
ARTICLE IN.-The capital stock Of this
corporation is hereby fixed at the sum Of
Twelve Thousand Five Hundred Dollars
| (Sl2.5OOOOl which said capital stock may be
the sum Of One Hundred thousand Dollars
Said capital stock shall be divided into one
hundred and twenty five shares Q25) OF the
par value Of one hundred dollars lSlO)COJ
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 50
appraised and transferred the corporation
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 stakeholder Of this cor
poration shall offer Tor sale sell assign or
f-.lr1 SO in,
out first giving % the other stockholders
70 days prior notice Of such intention, by
notice thereof given IN writing 70 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 for
period OF thirty days, from the delivery
OF said notice to the president. The stock
Of said corporation may be transferred
der the above conditions, provided, said
transfer thereof be made the books Of
said company, al its office, and upon the
transfer of any fractional part Of share
shall be made
ARTICLE Vial 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 90 stockholders.
jority of the directors shall constitute a
quorum for the transaction OF business. The
directors SHALL be annually by ballot, begin
ming the Srd Monday of February, l9a0;
all elections shall be held under such rtites
and regulations 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 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 J. Martinez.
residing at 6022 Pitt Street, New Orleans
La; c. f Moreland. residing at S3l Henry
Clay Avenue. New Orleans, La; and Jno.
F. McFertridse. residing at 1910 St Charles
Avenue, New Orleans, La, with Raymond ].
MARTINEZ. as Secretary; c. Fred MoreIand,
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 D-
their number a President Secretary and
a Treasurer.
ARTICLE VII-No 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
ganization have the effect of rendering this .
charter null, or of exposing stockholder
to any liability beyond the unpaid balance !
due on 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 term mated by three lqudators to be
selected by and from the stockholders, at
the meeting which shall decide to Iiquidate,
and OF which meeting Is days full notice, by
registered mall 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
iquidators, the survivor or survivors shall
appoint successor successors to him or
them among the stockholder
ARTICLE VIII.-The stockholders have
respectively written opposite their names the
amount OF stock in this corporation sub |
'cribed for each of them. so that this act
nay serve as the subscription list of said
Thus done and passed. in my office, No.
us Godchaux Building, New Orleans, Louis.
ana, on the day, month"; and year first above
written IN the presence of w. w. Young,
lave hereunto signd their names with the
SAID appearers and me, Notary, after a read
ng 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
n and for the Parish Of Orleans, State of
louisiana. do hereby certify that the above
md foregoing act of Incorporation of Ray.
nond J. Martinez, Incorporated, was this day
July recorded in my office in Book 1928,
New Orleans. La. Feby. 14th. 1919.
.(Signed EMILE J. LEONARD, by R.
A true copy of the original act of incor-
'ortation on file and of record in my office
New Orleans, La, Feby. 14th 1919
CONRAD G. COLLINS
Notary Public.
Feb. 2OE; March 6-13-20-27. {