The herald. [volume] (New Orleans, La.) 1905-1953, 1919-03-06
CHARTER OF SMITH-DAvIS COMPANY,
INC -

Y,
INC. eel.
| United States Of America State of Louis
! lana, Parish of Orleans City Of New Or
| leans. Be it known that on this first day
| OF the month of March, in the year one
| thousand nine hundred and nineteen, before
| me, John r. Upton, a Notary Public in and
! tor this City and Parish of Orleans State of
Louisiana. therein residing duly commission
| ed and qualified, and in the presence of the
witnesses hereinafter named and undersign-
| ed; personally came and appeared, the sew
| eral persons whose names are hereunto sub
| scribed, who declared to me, Notary that
availing themselves of the provisions of the
| laws OF this state relative to the organiza.
| tons OF CORPORATIONS and more especially of
Act 2b7 of 1914 they have covenanted and
agreed and by these presents do covenant
and agree for themselves, their successors
poration and body polite, for the objects and
purposes. and under the stipulatons here
matter set forth, to-wt:
ARTICLE 1.-The name and title of this
corporation shall be the Smith Davis Com
pany, Inc. and under such title it shall have
and enjoy succession and existence for
| period OF ninety nine years from the date
hereof unless sooner dissolved; it shall have
power and authority to contract sue and
| be sued; to make and use a orporate seal
| the same to break and alter at pleasure; to
/ have. hold, buy, sell, lease, mortgage and
| hypothecate or pledge property, real, personal
| or mixed necessary, proper incidental for
| the carrying on OF its business, well as
| TO issue bonds or notes secured by such
| mortgage; to make and issue notes and
| other certificates of indebtedness; to name
elect and appoint managers, directors. clerks
and other employees to properly conduct its
corporate ebusiness, and to make such by
| laws rules and regulations as may be neces.
] Sary or found desirable for the management
| of its business and affairs. and generally 10
| do every other act, matter or thing neces-
sary or desirable for the complete and proper
earrying out of said business.
| ARTICLE 1.-THE domicile of this corpo
| ration shall be at the City of New Orleans
| in the Parish of Orleans, State of Louis.
| lana. where all citations or other legal process
shall be served upon the president or in his
absence on the vice president, and in the
| absence OF both on the Secretary Treasurer
ARTICLE III.-The objects and purposes
/ for which this corporation is organized and
the nature of the business to be carried on
| by II are hereby declared and stated TO be:
10 buy, sell and deal in general merchan.
disc of every kind and character and TO do
| a general merchandise business including that
OF buying and selling on a commission
basis and for itself; to do general import
| ing and exporting business, both domestic
| and foreign; to build. own, lease and operate
| storerooms or warehouses ror the storage of
| merchandise, cold storage PURPOSES. 70
store goods of all kinds in such store-rooms
or warehouses for itself and others. and to
make reasonable charges for service in storage
OF goods; TO issue receipts in exchange for
goods stored, and to dispose of said goods for
account OF the owners thereof upon their
failure to comply with the conditions of such
| storage contract; to make loans on goods
| stored either in the store rooms or warehouses
| OF the corporation others. and to issue
notes and other securities in the purchase of
goods; to represent others as agent or other
wise in the same line or similar lines Of
| business; to act as manufacturers agent and
md caI l.
| ACQUIRE and own stock in other corporations:
| and, generally, to do and perform anv and
| all things necessary or convenient to carry
on said objects and purposes
ARTICLE IV.-The capital stock of this
| corporation is hereby fixed at Twenty thou
sand (S21OOO.o dollars, divided into two
hundred 600 shares of the par value of one
hundred (Sl00.O0j dollars each, provided. that
the amount to which the capital stock OF
| this corporation NAV be increased shall he one
hundred thousand 100000 dollars. One hun.
dred nd twenty 020) shares, or twelve thou
| sand (Sl2,O0.0O dollars of the capital stock
OF TINS corportion must be subscribed before
me thing OF the articles of incorporation.
! Inc subscribed capital stock of this corpo-
ration shall be payable in cash, property
(real or personally, or for labor and services
rendered and performed. No stakeholder
shall ever be held liable or responsible for
poration in any further sum than the I'M
paid balance due the corporation on the
| shares of stock subscribed by him. nor
snail any mere informality in organization
nave the effect of rendering this charter
| null, or OF exposing any shareholder to any
liability whatsoever. This corporation shall
| not engage in business until one hundred and
twenty Q6D shares, or twelve thousand
dollars OF the capital stock shall have been
| subscribed, and sixty 900 shares. or six
thousand Cs6,OOoOo) dollars of the capital
stock have been issued and paid in, in cash.
II, IN addition, any stock of this corporation
IS exchanged, either in whole or in part,
TOR property or good will. in that event the
| be complied with strictly.
/! ARTICLE V.-All the corporate powers of
| this corporation shall be vested in and ex-
ercised by Board of Directors composed Of
ilve stockholders, each of whom shall own
IN his own right, during his term of office
at least one full paid share of stock a ma.
lority Of whom shall constitute a quorum
for the transaction of business The officers
Oh this corporation shall consist of a Presi-
dent, Vice-President, and Secretary-Treas-
urer. All of whom shall be members OF
the Board of Directors. The offices of Sec
rotary and Treasurer may be combined in
one and the same person. The following
pnaned persons shall constitute the first
Board OF Directors, to-wit: Samuel A.
Davis, Jr., Bogalusa. La: Charles E. Smith,
Destrehan P. o., La; Ephriam Rosenberg,
~ St Charles Ave. New Orleans, La;
Earl Bruce Rowan q Morgan Boulevard.
Id, otlO r. brie0e, AoZI
Magazine ST., New Orleans, La, all resi-
dents of the State of louisiana and domi-
ciled at the address above stated with Sam
uel A. Davis. Jr, as President Charles E
Rowan, Secretary Treasurer, and these
directors and officers shall hold office until
the. second Monday of January, 1870, or until
their successors are duly elected and quail
fled. Thereafter the directors shall be elect
ed annually on the second Monday OF Janu-
airy of each year. and they shall elect their
own officers; ali elections Of directors shaft
Dc by ballot, and ada stookhqidsr shall be