The herald. [volume] (New Orleans, La.) 1905-1953, 1919-01-09
CHARTER OF pUFoUR & BRO. INC.


lana City of New Orleans Be it known,
that on this first day Of December, in the
year Of our Lord, one thousand nine hundred
and eighteen Before me, Albert Gullbault
Notary Public, duly 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 this
City, who declared that awaiting themselves
of the provisions of the laws OF this state
relative to the organization OF corporations,
they hereby FORM and constitute themselves
into a corporation, for the business and pur-
poses hereinafter stipulated to-wit:
ARTICLE 1.-The name OF this corporation
shall be "Dufour & Bro. Inc" it shall have
shall be in the City of New Orleans. and
legal service shall be made upon its Presl-
dent, and in his absence upon the Nlce-PreSl-
dent.
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 said
business to own hire and operate schooners
and other water craft, and to do a general
mercantile business.
ARTICLE III.-The capital stock of this
corporation shall be the sum of Fifteen Thou
sand Dollars, to be represented by one nun
dred 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
ARTICLE IV.-The amount of which the
capital stock may be increased shall be One
Hundred Thousand Dollars.
ARTICLE V,-The corporation of this
company shall be vested in a Board of Di-
rectors to consist of three directors to be
elected annually by the stockholders on the
first Monday in January of each year. The
directors so elected shall remain in office
until their successors are duly elected and
qualified. The said directors shall select
from their number Il President, a Vice
President and Secretary Treasurer, and
shall have the further right to separate the
office of Secretary Treasurer, or may select
a Secretary who is not a stakeholder. The
said board shall have the right to fill vacan-
ces occurring on said board. and directors
representing a majority of the issued CAPT
tai stock shall be present at any meeting OF
he Board of Directors to constitute a quorum.
The said drestors shall have the right to
adopt bylaws, rules and regulations for 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 the issuance of the
above capital stock 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 the same basis the
purchase by said stockholders than said
stock may be sold in open market. Until the
election to be held the first Monday of
January, 1920 the following shall constitute
he IF
Y Dufour. Paul ]. Dufour and Leon L.
Olberding, with said Frank Y. Dufour as
President, Paul J. 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 or faults of this corporation in any
further sum than :he unpaid balance due on
the shares of stock subscribed for by him, nor
shall any mere 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 VII.-This act of Incorporation
| may be amended, and its capital stock in
creased, the corporation may be dissolved.
| in the manner now provided by law. Upon
| the dissolution of the corporation, its affairs
shall be liquidated by three commissioners
| to be appointed at a meeting of the stock
holders convened fol. liquidation, to be
elected by a vote of all the stockholders.
| the affairs Of said corporation shall be
| fully settled and iiquidated and they shall
have full power to transfer and give title to
| all the property and of the corpora
| ton at public private SAFE, and 10 dis
| tribute the proceeds. In Ease of death of
disability resignation any of said
corrrIss.o ners, the vacancy shall : c filled
| by the survivor survivors.
| Thds done and passed in my office. on the
| day, month and year first above written, in
the presence of Daniel J. Murphy and
George Keller, competent witnesses, who
have signed with the appearers and me, the
Notary. after reading the whole.
| Original Signed Frank X. Dufour, 26l6
| Gov. Nichols, 49 shares; Leon L. Olberding,
| 3l6 n. Lopez St, shares. Witnesses: Dan
| iel ]. Murphy. Geo. Keller
A. GUILBAULT, Notary Public.
I, the undersigned Recorder of Mortgages,
in and for the Parish of Orleans, State OF
| Louisiana, do hereby certify that the above
and foregoing act of Incorporation of Dufour
! & Bro, Inc. was this day recorded in my
office, in Book 1922, Folio 676.
| New Orleans, December 14th. 1918
| (Signed) EMILE J. LEONARD, by. r.
| l hereby certify the above TO be true and
| correct copy of the act of Incorporation OF
| Dufour & Bro, Inc, and of the certificate
from the Recorder of Mortgages, thereto ap-
pended.
| New Orleans, December 14th, 1918
A. GUILBAULT, Notary Public.
| Dec. 8-Jan. 2-9-1623-30.
BENTLEY NAVAL STORES co INC,
| United States of America, State of Lou
iSiana, Parish of Orleans City of New