The herald. [volume] (New Orleans, La.) 1905-1953, 1919-01-16
CHARTER OF pUFoUR & BRO, INC.

lana, City Of New Orleans lie II hho"H'
that on this first day u December, IN the
wear Of our Lord, one thousand nine hundred
and eighteen. Before ne, Albert GuilJault.
i Notary Public, daily 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 TINS
| City, who declared that awaiting themselves
| Of the provisions Of the laws u this State.
relative 70 the organization OF corporduonS'
they hereby form, and constitute themselves
into a corporation, for the business and puT-
poses hereinafter stipulated to-wit;
| ARTICLE The name OF this corporation
| shall be "Duiour x Bro. Inc It shall have
| existence Tor ninety nine years, IT'S domlcliG
| legal service shall be made upon its Presl-
dent, and in his absence upon the Nlce-Presi-
| dent. -.
ARTICLE 1.-THE purposes for which tnis
! corporation is organized is declared to be:
| to buy, sell, trade and deal in. wood, coal,
| feed and other merchandise at wholesale or
retail, or both and in connection with sad
| business to own hire and operate schooners
and other water craft, and to do a general
| ARTICLE III.-The capital stock OF this
corporation shall be the sum Of Fifteen Thou
sand Dollars, TO be represented by one hun.
d-ed 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-The 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 Dl-
rectors to consist of three directors to be
elected annually by the stockholders on the
first Monday in January OF each year. The
directors 50 elected shall remain in Office
qualified. The said directors shall select
from their number 4 President, a Vice
President and a Secretary-Treasurer, and
shall have the further right to separate the
office Of Secretary-Treasurer, or may select
a 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
The Board Of Directors to constitute quorum.
The said directors shall have the right to
adopt bylaws rules and regulations tor 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 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.
tion refuse to purchase said stock after said
delay, then said stock may be sold TO the
other stockholders on the same basis 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
the first Board of Directors, to-wit: Frank
\. Dufour Paul J.. Dufour and Leon l.
Olberding, with said Frank X Dufour, a:
President, Paul ]. Dufour Vice President
and Leon L. Olberding as Secretary-Treas
urer.
, ARTICLE Vino stakeholder shall ever
be held liable or responsible for the con-
tracts faults of this corporation in any
further sum than the unpaid balance due on
the shares of stock subscribed for by him, MOI
shall any 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
stock.
ARTICLE Widths 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 Upor
the dissolution of the corporation, its affairs
shall be liquidated by three commissioner:
holders convened for. liquidation, to bt
( elected by a vote of all the stockholders
; Said liquidators shall remain in office unit
} the affairs of said corporation shall bt
| IulIy sclllcu anu llquludiSu, dNu tIlCy Sudl
have full power to transfer and give title t.
all the property and of the corpora
; ton. at public Or private saIe and to dis
5 tribute the proceeds. In Ease of death o
5 disability resignation any of SAT-
conmis sioners, the vacancy shall c file:
! by the survivor survivors.
Thds done and passed in my office, tht
; day, month and year first above written, il
the presence of Daniel J. Murphy ant
George Keller, competent witnesses, VIII
have signed with the apprarrrs and me, tn
Notary, after reading the whole.
E Original Signed Frank X. Dufour, 26l
! Lepage St, 49 shares; Paul J. Dufour. 70
I Gov. Nichols 4o shares; Leon L. Olberding
2l6 \. Lopez St, shares. Witnesses: Dan
: iel J. Murphy. Geo. Keller.
A. GUILBAULT. Notary Public.
a l, the undersigned Recorder of Mortgages
: in and for the Parish of Orleans, State o
c Louisiana, do hereby certify that the abov
: and foregoing act of Incorporation of Dufou
= & Bro, Inc. was this day recorded in m
, office, in Book 1922, Folio SO.
!, New Orleans, December l4th, 1913.
(Signed) EMILE J. LEONARD, by. R.
: l hereby certify the above to be true an
Dufour & Bro. Inc, and of the certificat
$ from the Recorder of Mortgages, thereto az
e pended.
$ New Orleans, December 14th, 1918.
e A. GUILBAULT. Notary Public.
y Dec D. Jan. 2-9l623-30.
I BENTLEY NAVAL STORES co INC
j United States of America, State of Lou