The herald., 1919-01-23
CHARTER OF DUFoUR & BRO, INC.

United States of America. State of Louis
lana, City of New Orleans. Be it known,
that this first day of December, in the
year of our Lord, one thousand nine hundred
and eighteen. Before me, Albert Guilbault
a Notary Public, duly commissioned and
| sworn in, for the Parish of Orleans and City
OF New Orleans, therein residing, and in
the presence OF the witnesses hereinafter
named and undersigned. personally appear
ed; the persons whose names are hereunto
| subscribed, all of age and residents of this
City, who declared that availing themselves
of the provisions of the laws of this State
relative to the organization of corporations
they hereby form. and constitute themselves
into a corporation, for the business and pur
poses hereinafter stipulated to-wit:
ARTICLE 1.-The name of this corporation
| shall be ''Dufour & Bro Inc.," it shall have
existence for ninety nine years, its domicile
| shall be in the City of New Orleans, and
legal service shall be made upon its Presi-
dent, and in his absence upon the Vice-Presi-
dent.
ARTICLE 1.-THE purposes for which this
corporation is organized is declared to be:
to buy, SELL trade and deal in. wood, COAL
feed and other merchandise at wholesale
| retail, or both and in connection with said
business to own hire and operate schooners
| and other water craft, and to do a general
mercantile business.
ARTICLE III.-The capital stock of this
corporation shall be the sum of Fifteen Thou
| sand Dollars, to be represented by one hun
| dred and fifty shares of the par value Of
| One Hundred Dollars each to be paid for
| in cash, or for property transferred to the
corporation or services rendered to it, in the
discretion of the Board of Directors and not
| in violation of law.
| ARTICLE IV.-Thes amount of which the
capital stock may be increased shall be One
Hundred Thousand Dollars.
| ARTICLE N.-The corporation of this
| company shall be vested in a Board of Di-
rectors to consist of three directors to be
elected annually by the stockholders on the
| first Monday in January of each year. The
| directors elected shall remain in office
until their successors are duly elected and
qualified. The, said directors shall select
from their number a President, a Vice
President and Secretary Treasurer, and
shall have the further right to separate the
office of Secretary or may select
Secretary who is not stockholder. The
said board shall have the right to fill vacan.
cIes occurring on said board and directors
| representing a majority of the issued CAPT.
| tai stock shall be present at any meeting of
| me Board OF Directors to constitute quorum.
| The said directors shall have the right to
| adopt bylaws, rules and regulations for the
| proper conduct of said business, and the
same to alter at pleasure, to borrow money
execute mortgages, issue notes. pledges,
bonds or other obligations, it thinks proper
without reference TO the stockholders. They
| snail have control over the issuance of the
above capital stock that any stockholder
desiring to dispose OF his stock shall first
otter the same to the Board of Directors
| Tor the benefit of the corporation who with.
| in ten days, from said offer shall have the
| right to purchase said stock according to
| the books OF said company, at last inventory
and stocktaking. but should said corpora
| tion refuse to purchase said stock after said
delay, then said stock NAV be sold TO the
other stockholders on the same basis as the
| purchase by said stockholders than said
stock may be sold in open market Until the
election to be held on the first Monday of
January, 1920 the following shall constitute
the flrst Board OF Directors, to-wit: Frank
IN y; Dutour. Paul J.. Dufour and Leon L.
Olberding, with said Frank Y Dufour as
President, Paul J. Dufour as Vice President
and Leon L. Olberding as Secretary-Treas.
urer.
ARTICLE VINO stakeholder shall ever
be held liable responsible for the con-
tracts or faults of this corporation in any
further sum than the unpaid balance due on
the shares OF stock subscribed for by him. nor
snail any mere informality in its organiza.
ton have the effect of rendering this char
ter null or Of exposing any stakeholder to
stock. as
ARTICLE VII.-This act of ;ncorno-,,;o,
may be amended and it's capital stock in
creased, or the corporation may be dissolved
IN the manner now provided by law Upon
tne dissolution OF the corporation, its affairs
shall be liquidated by three nissioners
to be appointed at a meeting Of the stock
holders convened for liquidation. 70 he
elected by vote of all the stockholders
Said li9uidators shall remain in office until
the affairs of said corporation shall be
fully settled and liquidated, and they shall
have full power to transfer and give title to
all the property and assets of the CORPORA.
tion. at public Or private safe, and to dis
tribute the proceeds. In .ase of death Of
disability or resignation o, any of said
commissioners, the vacancy shall e filled
by the survivor or survivors.
Thus done and passed in my office. on the
day, month and year first above written. in
the presence of Daniel J. Murphy and
george Keller, competent witnesses, who