The herald. [volume] (New Orleans, La.) 1905-1953, 1919-07-03
CHARTERS.

| Company, incorporated, and by that name
| said corporation shall have power and au
| thority TO have and enjoy succession for the
full term of ninety nine years from the dati
| hereof; to contract. sue and be sued; to Dor
| row money; to make and issue its negotiable
| promissory notes or other evidences of in
| debtedness; TO create debts; to make and
| use a corporate seal; to purchase and re
| ceive, lease, hold, sell and convey, as well
as mortgage and hypothecate, property, real
| personal and mixed; to name and appoint
| such officers and agents as the interest Of
| said corporation may require; and TO make
| and establish such bylaws and regulations
| for the proper management and regulation
of its affairs may be deemed necessary
| and the name to change, alter and amend al
pleasure.
ARTICLE 1.-THE domicile of this cor
| poraton shall be in the City of New Or.
leans Parish of Orleans. and all citations
and other legal process shall be served upon
the president of said corporation, or in case
| OF his absence, upon the vice President. or.
in case OF the absence of both of these of
ficers, upon the secretary thereof.
ARTICLE III.-The objects and purposes
for which this corporation is established, and
the nature of the business to be carried on
by 1t, are to buy, manufacture, compound,
sell, handle and otherwise deal in all kInu.
of chemical products; TO do all things Incl.
dental to said business; and TO employ and
use such means and instrumentalites as
may be useful, necessary or convenient for
the conduct of the affairs and business OF
this corporation.
ARTICLE IV.-The capital stock of this
corporation shall be Five Thousand ($5,OOOOO)
Dollars, divided into fifty $50 shares OF
the par value OF $4,000 each, and may be
increased TO the sum of Twenty-Five Thou
sand (S25.0000Ol Dollars. divided into Two
hundred fifty $3.50 shares of the par value
OF $1,000 each, and this corporation is to
be going concern when one-half of the
capital stock has been subscribed Tor. Each
snare of stock shall be entitled to one vote.
either IN person or by proxy, at all general
elections or meetings of stockholders.
Should the capital stock of this corporation
ever be increased over the sum of Five Thou
sand (S5OOO.O0 Dollars, then such additional
shares OF stock that may be issued shall first
be offered to the holders of stock at the
time of issuance at the book value of said
new stock in the proportion in which the
SAID stockholders shall at the time of is.
Suance hold stock in this corporation
ARTICLE N.-No stakeholder shall ever be
heId liable or responsible for the indebted.
ness, faults or defaults of this corporation.
nor shall any mere informalitv in the or
sanitation of the corporation have the effect
OF rendering the charter null or of exposing
the stockholders to any liability beyond the
unpaid balance, if any, on his stock sub
Scrlptlon. Should any stakeholder desire 70
sell his stock. he shall first offer the same
to the stockholders of the company at its
book value through its board of directors
ana the stockholders who desire to purchase
shaii nave the right to purchase the same
IN the proportion to their holdings of stock
IN the company. Should said stockholders
IN fifteen days after the notice having been
gwen, in writing, fail or refuse to purchas.
t stock offered for sale, such stock may
shall be made or held to be valid and bind.
ing unless made in pursuance of the pro
visions of this charter
ARTICLE VI.-This corporation shall have
all powers granted to such corporations bv
Idw ana snail nave the power to contract
TO own, hold. receive, loan. lease purchase
sen and convey or mortgage any and ALTO
IT'S effects or to hypothecate its pronertv
and to do any and all acts and things of any
I.iien hind, nature or description, as may
oe necessary to carry out the objects and
purposes OF said business as its interests and
may require
ARI1CLE-NII.-The business OF This cor
poration shall be directed by and vested in
a board OF directors OF three members. two
transaction of business, and the said liz
Tors as FIRST constituted shall be Tohn r
Logan, John D. Bailey and John Davidson
and they. shall hold office until the frs,
on the same day thereafter elections shall
De held annually for the directors al the
principal office of the corporation. Fai1nrs
20 mold an election on the day specified
~ ~! Iot ulsSoiVe the corporation, but the
directors in office shall hold their Tesner-
tive offices until an election shall he beId
after thirty days notice of the time anJ
pace thereot given TO each stakeholder. The |
InnuaI election shall be held on the first
Tst Tue sd May; Of M H.. and thereafter on the
year; and the election Shall be held betwer55
me nourS OF ten and twelve a. m. All va.
,ancies on the board of directors for wbat. |
I've; cause shall be filled by the remaining
directors. n L
president, John Davidson shall he the 60 |
,ice-p resldent and John D. Bailey shall he |
ne flrst secretary treasurer and thew sbaTI
r o5Sd otfice until the first Tuesday in Nav |
ma each succeeding board of directors sbaIi |
sLect ITS principal officers for the term ~
nelr election and only stockholders sbsIi |
2e e,igioie for election as a member of the |
n person or by proxy. e'''ei
ARTICLE VIII-Whenever This corDo-,
non is dissolved, either by limitation or fo, |
any otner cause, its affairs shall be lioui |
lated by the board of directors, who are
1erePy vested with full power to sell anv
,a+eIu asses OF the corporation, either sepa-
,dteIy OF IN mass, and to convey full and
complete title thereto. and shall have full {
power TO do and perform all acts neces.
,aty and proper to fully and Completely Ii |
tuIJdie the affairs and distribute the pro- |
.ee9s' II any, among the stockholders of the |
sara corporation to the amount of stool bsId
by each. eN Helu
ARTICLE IX.-This act of incornor,t;or, T,
nay be amended, altered and modified ~
Vided by law. ''Hinei pro-
r. mus done and passed, in nv notar;aI of |
nee IN the City of New Orleans. ON the
lay month and year first above written i;
ne presence of Azelie Bennett and Ruth
VI. Seller, competent witnesses. who bsva
iereunto signed their names, together w;th
ne parties hereto and me- Notary. after
'eadlng of the whole
Seller. Nuth NJ
Original Signed John T. Logan "a
mares Iexarkana. Ark; J. d. Ba;Iey "a
mares; $40 Carondelet St, New Orleans T.,
ohn Davidson. shares, $40 CaronJaIs. G.
New Orleans, La. 'e'e' d..
A. A. MORENO.
7 tb. s, Notary Public.
n and for the Parish of Orleans S,sta
.ouislana, do hereby certify that the A., ~
Incorporation of the Lightning Cban;coi
t o. Inc, was this day duly recorded ~ ma,
nee nee IN Book 1928, Folio SO. " my
N TSw Orleans, June 9TH, 1919.
,oigned) EMILE ]. LEONARD Nv D
A true copy. n.y. N.
A. A. MORENO.
June 10. rr,,, ,,o Notary Public.
AMENDMENT TO THE CHARTER OF {
me NATIONAL REALTY COM
PANY, LIMITED. T