The herald. [volume] (New Orleans, La.) 1905-1953, 1919-01-30
CHARTER OF DUFoUR & BRO, INC.

United States of America State of Louis
lana, City of New Orleans Be it known,
that on this first day of December. in the
and eighteen Before me, Albert Guilbault.
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 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 domcile
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 or
retail, 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 of Fifteen Thou
sand Dollars, to be represented by one hun
bred and fifty shares of the par value of
| 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.-The amount of which the
! capital stock may be increased shall be One
Hundred Thousand Dollars.
| ARTICLE V.-The corporation of this
| company shall be vested in a Board of Di-
elected annually by the stockholders on the
| first Monday in January of each year. The
directors so 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-Treasurer, may select
| a Secretary who is not a stakeholder. 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
| the Board OF Directors to constitute a 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
| shall have control over the issuance of the
above capital stock so that any stakeholder
desiring to dispose of his stock shall first
| offer the same to the Board of Directors
for 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
| ton refuse to purchase said stock after said
delay, then said stock may be sold to the
other stockholders on the same basis as the
| offer to the company, and in event of no
| 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
1 first ard 0fn
n Dufour. Paul ]. Dufour and Leon L.
Olberdng. with said Frank Y. Dufour as
President, Paul J. Dufour as Vice. President
and Leon L. Olberding Secretary Treas
ARTICLE VINO stakeholder shall ever
| be held liable or 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
| shall any mere informality in its organiza-
| ton have the effect of rendering this char
| ter null or OF exposing any stakeholder to
any liability beyond the amount of his
ARTICLE VII-This act of Incorporation
may be amended, and its capital stock in
creased, or the corporation may be dissolved
IN the manner now provided by law. Upon
| the dissolution OF the corporation its affairs
| shall be liquidated by three commissioners
to be appointed at meeting of the stock
holders convened for liquidation, to be
elected by vote of all the stockholders
SAID liquidators shall remain in office until
| the affairs of said corporation shall be
| fully settled and liquidated. and they shall
nave full power to transfer and give title to
all the property and assets OF the corpora.
ton at public Or private sale, and 10 dis
tribute the proceeds. In Ease Of death of
disability or resignation 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 ]. Murphy and
george Keller, competent witnesses who
have signed with the apprarers and me, the
Notary, after reading the whole
Original Signed Frank X. Dufour, oslo
Lepage St.. % shares; Paul J. Dufour 736
Gov. Nichols. - shares; Leon L. Olberding