The herald., 1919-03-20


Notary Public.
Mar. 6l3-20-27; Apr. 80.
! CHARTER OF RAYMOND J. MARTINEZ.
/ INCORPORATED.
| United States OF America, State OF Louis
/ lana. Parish Of Orleans, City OF New Or
! leans. Be it known. that on this fourteenth
! Q4th) day of the month Of February, il the
! wear OF our Lord one thousand nine hundred
and nineteen. and OF the Independence OF
/ the United States OF America, the one hundred
/ and iorty-third. Bfore me, Conrad G.. Col
/ Inns, a Notary Public, duly commissioned and
/ qualified in and Tor this city and the Par
Is, Of Orleans, therein residing, and in the
presence of the witnesses hereinafter named
ana undersigned. Personally came and ap-
pcared, the persons whose names are hereuT-
. - subscribed. who declare that awaiting
/ themselves u the provisions of the laws OF
/ the State OF Louisiana, and particularly OF
/ those Of Act POI Of the General Assembly OF
/ the State OF Louisiana for. the year 1914.
/ they here covenant, agree, and do by these
presents covenant, agree, bind, form and
constitute themselves, as well as such other
persons as may hereafter join and become
! associated with them, into corporation and
/ body polite i'll law, for the objects and pur-
poses, and under the agreements and Stlpu-
/ lat'ons following to-wit:
/ ARTICLE 1.-The name and style of this
corporation shall be, Raymond J. Martinez,
! Incorporated and under that name it shall
| have and enjoy all the rights, advantages
and privileges granted by law TO corpora
| tiOnS. II snail exist lot 4 perlOQ OF -
years from the date hereof. and have power
and authority to sue and be sued in its cor
/ pDrate name; to make and use a corporate
seal, 70 break the same at pleasure; to have
! and employ such managers officers, agents
aud employees as the interest and convent
euce of such corporation may require, and
/ to make and establish such bylaws, rules
/ and regulations Tor the control and man
/ agement of the business and affairs of the
! corporation, as may be deemed necessary
| and eXpedient.
! ARTICLE 1.-THE domicile of this cor
! poration shall be in the City of New Or
/ leans, State OF Louisiana. Citation and other
/ legal process shall be served on the Pre--
dent and in his absence on the Secretary
| Treasurer.
| ARTICLE III-The objects and purposes
for which this corporation is formed, and the
business to be carried on by it are declared
/ to be; TO buy, sell and deal in the full
sense, at wholesale, in all manufactured
/ rubber goods OF any nature whatsoever, and
! automobile accessories, rubber, leather and
canvas betting, for its own account or for
! the account OF others, on commissions
otherwise. and to engage in or do all other
things incidental to or necessary for the
| COnductIOl OF said business. This corpora
ton is organized for the immediate purpose
| OF taking over the business of Raymond ].
| Martinez in this city, and which business has
an estimated value fixed by The hereinafter
named Board of Directors in an estimative
inventory thereof, and which said inventory
| is made part of this act, at Seven Thousand
Five Hundred Dollars (T,5OO00) and the
amount of capital stock TO be issued in pay
| ment for the said business TO be taken over
! is fixed at Seven Thousand Five Hundred
Dollars (S7,5OOOO) as hereinafter shown.
| ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
! (Sl2,5O0OO), which said capital stock may be
| increased in the manner provided by law to
| the sum OF One Hundred Thousand Dollars.
! Said capital stock shall be divided into one
/ hr,,l al ~ ~, e Al,
par value of one hundred dollars $4,000
each, to be paid for in cash or property, or
other rights actually transferred to the cor
poration in lieu of cash, from appraised
Board of Directors, for which property SO
| appraised and transferred the corporation
may issue full paid stock. This corporation
| shall begin business Immediately upon the
OF this Parish.
| ARTICLE V.-No stakeholder of this cor.
poration shall offer for sale sell assign or
transfer his stock in this corporation with
| out first giving TO the other stockholders
20 days prior notice of such intention, by
notice thereof given in writing 10 the Presi-
| dent OF the corporation, and shall by said
| president be made known to the Directors
| OF the corporation and the other stockhold-
| ers, they shall have the privilege of purchas-
| ing said stock at the book value thereof for
period of thirty days, from the delivery
Of said notice to the president The stock
der the above conditions, provided, said
! transfer thereof be made on the books of
said company, at its office, and upon the
surrender of the certificate therefor. No
| transfer of any fractional part of share
shall be made.
ARTICLE VI.-All the corporate powers of
this corporation shall be vested in and the
management and control of its business and
composed of Three 90 stockholders A ma
| jority of the directors shall constitute
quorum Tor the transaction of business. The
directors shall be annually by ballot, begin
ming on the 3rd Monday of February, 1920;
all elections shall be held under such rules
and regulations as may be determined and
! fixed by the Board of Directors. Ten days
written notice of such election shall be
given to each stakeholder by registered mall
sent to his last known address, or by pub
| LEGATION, for, at least, three times in 10
days preceding such election in one of the
daily English newspapers in the city of
| New Orleans. No failure to hold such cleo
ton shall be regarded as a forfeiture of
this charter. Any vacancy occurring in said
Board of Directors shall be filled by the re-
naming directors for the unexpired term.
pany shall consist of Raymond J. Martinez
residing at 6022 Pitt Street, New Orleans
| La; c. F. Moreland, residing at S3l Henry
Clay Avenue, New Orleans, La; and Jno
F. McFertridge, residing at 4S10 St. Charles
Avenue, New Orleans, La, with Raymond J.
Martinez: as Secretary; c. Fred Moreland
as Secretary, and John T. McFertridge as
| Treasurer. The three above named shall
constitute the first Board of Directors and
| shall serve until their successors are duly
elected and qualified. The Board of Di-
| rectors shall after each election, elect from
! their number a President, a Secretary and
| a Treasurer.
| ARTICLE VINO stakeholder shall ever
be held liable responsible for the con-
tracts, faults debts of this corporation
nor shall any mere informalty in its or
ganization have the effect of rendering this
charter null, of exposing a stakeholder
to any liability beyond the unpaid balance
due the shares of stock subscribed by
him. This act of incorporation may be
| changed, modified, altered, this cor
poratioh may be dissolved in accordance with
the provisions of Section Nos. and rs of
| Act 267 of the General Assembly of the
State of Louisiana for the year 1914 In the
event of the dissolution of this corporation
by the expiration of its charter or otherwise
its business and affairs shall be iquidated
| and terminated by three liquidators to be
selected by and from the stockholders. at
the meeting which shall decide to liquidate
| and of which meeting IS days full notice, by
registered mail, must be given TO each stock
holder. Such liqudators shall have full
power and authority to settle all the bust
ness and affairs of the corporation. In case
of the death disability of any of said