The herald. [volume] (New Orleans, La.) 1905-1953, 1919-08-07
CHARTER OF COE-voGT BETTING &
SUPPLY COMPANY, INC.


lana, State of Louisiana, Parish of Orleans.
City of New Orleans. Be it known, that on
this 22nd day of the month of July in the
year OF Lord, One Thousand Nine Hun
bred and Nineteen; Before me, Frederic C..
Querens, a Notary Public, duly commits sion
ed and qualified in and for the Parish OF
Orleans, State of Louisiana, therein resid-
ing, and in the presence of the witnesses
hereinafter named and undersigned person
ally came and appeared, Marion N Coe, john
F. Vogt W. ]. Drawe, all of full age and
residents of the City of New Orleans, and
all OF whom declared that availing themselves
or the provisions OF the Constitution and
Laws of the State of Louisiana relative 20
the formation and conduct of corporations,
and particularly of the provisions of Act
No. 20 of the General Assembly of Louis
lana of the year 1914, and its amendments,
they do hereby form and constitute them
selves, and such other persons OF age as may
lawfully become associated with them, into
a corporation, body polite stock company
entitled TO the benefits of all laws pertain
ing to such bodies, and for the objects and
purposes, and under the stipulations set forth
in the following articles, which articles
shall constitute the charter of the corpora.
ton herein formed:
ARTICLE 1.-The name and title of the
corporation hereby formed is declared TO be:
"Coe-Vogt Betting & Supply Company, Inc"
and its domicile shall be in the City of New
Orleans, State of Louisiana, at which place
all mortgages of stockholders and directors
shall be held, except as otherwise provided
by law. 1t shall have and enjoy corporate
name for a period of ninety-nine years from
and after the date of this act, unless dis
solved otherwise according to law.
ARTICLE 1.-THE objects and purposes
toT which this corporation is formed and the
nature of the business to be carried on by it
are hereby declared to be:
To purchase, acquire, buy, own, and sell,
market and ship, manufactured leather goods,
leather betting, and leather products of vari-
Gus kinds; manufactured rubber goods, rub
Der betting, rubber hose, and rubber products
of various kinds, asbestos packing ma
terial steam specialities, and in general, mill
supplies of various descriptions; ship chand-
lery and supplies and heavy hardware; and
to dispose of the same in any quantities;
To acquire, own, lease, establish and main
tain any real property situated either in the
State of Louisiana, for the purpose of its I'M
mediate business, or for any business in other
States, and 10 create and establish such
branch offices and agencies throughout the
United States as its business may require
from time TO time.
And to accomplish any or all of the pur-
poses above enumerated, this corporation
shall have power to borrow and lend money !;
to purchase, acquire, hold, own. lease, sell
convey, mortgage, pledge, otherwise en-
cumber property both real personal, con-
ven:ent and incidental, and to contract in
any manner necessary, for the proper accom-
plishment and conduct of the business here
matter mentioned and contemplated;
ARTICLE III.-The capital stock of this
corporation is hereby fixed in the of
Thirty Thousand Dollars, (S30OOO.OO, divided
into and represented by Three Hundred 5000
shares of the par value of One Hundred Dol
lars, $4,000, each, all of which shall be
common stock and worcestershire, and shall be
paid for before issuance, in money, or its
equivalent, labor done or property, real, per-
sonal or mixed, and actually received by
the corporation, and after due appraisal of
value by the Board of Directors of the cor
poration and acceptance of the Board, such
valuation shall be conclusive upon the cor
poration. The capital stock may, at any
time, by compliance with law, be increased
to One Hundred and Fifty Thousand Dol
ARTICLE IV.-The powers of this corpora
ton are hereby declared to be:
To invest its Board of Directors with all
corporate powers subject to such restriction
as shall be named in the charter; to have
succession under its corporate name for a
period of ninety-nin years from and after
the date of this act; to sue and be sued in
its corporate name in any court of compe-
tent jurisdiction; to make and use conn.,
mon seal and to alter the same at its pleas
ure; to acquire property by grant, gift, pur-
chase and devise bequest to lease, hold
and dispose of, and to mortgage and pledge
the same, all subject to such limitations as
may be prescribed by law; to appoint such
oiiNcfS anu agents as the business OF the
corporation may require, and to fix their
compensation, having due regard to the ma
ture, character and value of their services
to make bylaws not inconsistent with any
existing law, fixing or altering the manage
nent OF the property, the regulation and
government of its affairs and the manner OF
the certification and registration of it's stock
to wind up and dissolve itself, or to be wound
up and dissolved in the manner prescribed
by law; to conduct business in this State,
other States, the Federal District, Territories
and foreign countries; to hold stock in other
corporations, the capital stock of one corpora.
ton may be issued for capital stock in other
corporations; provided however, that no cor.
poration shall be permitted to vote more
than ten per cent. of the capital stock OF
any other corporation, and whenever a given
any purpose, such per cent. shall be cal
culated on the total amount of outstanding
stock entitled to vote; and especially &c
have all the powers and privileges directly
or by implication conferred upon corpora
tons of this character by the laws of this
state, as well as such powers and benefits
as are conferred upon corporations by other
sessions of the United States and foreign
countries, when doing business therein, and
which are not inimicable to the laws Of
Louisiana.
ARTICLE Vail of the corporate power.
and the management of the business of the
corporation shall be vested and is hereby
vested, in a Board of Directors, which shall
consist of a minimum number of three g.
and a maximum number of seven % stock
holders, each of whom shall hold in hi:
own right at least one share of unpledget
stock of this corporation during his tenure
of office. With the exception of the Board
hereinafter specifically named, the Directors