The herald., 1919-11-20
CHARTER.


zfscturing Co, Inc" aud under this
name il shall have succession for & period
OF ninety nine TeSrs from this date and
snail have and enjoy all the rights and
privileges granted By law 10 corporations: :
II shall have power = contract. sue and
be sued in its corporate name. 10 make
and Use corporate seal and the sane 20
break Or alter az pleasure; 70 have, hold.
receive. acquire. purchase convey, mort
gage. hEpothscGts or plesi- e property both
zeal anc Personal. 70 issue bonds. notes
and other obligations; 20 have. employ
and appoint such directors. officers, agents
and eI1ploye-s a. may BE- required: 20
make such bylaws. rules and regulations
- may b. deemed proper and requisite
Tc- the management OF the corporation
and the control OF its affairs
ARTICLE 1.-THE tomieile Of this cor
poration shall be in the City OF New Or
leans State u Louisiana. and all citation
ana Other legal process shah be szEv-i
The Secretary Of the company.
ARTICLE III-TAe objects and pur-
poses for which This corporation : form
- and the nature OF the business 10 h
carried on hy il are hereby declared 20 Be
20 manufacture, buy. sell and deal in roof
Ing and rco11S materials: 4 10 s. general
contracting business for roofing and 20,
the Use and application OF same and 20
engage IN any other manufacturing. in
cusrri4L coEUercia! Or mercantile In i.
heSS IN which said corporation o. the ii
reC-OrS thereof nav desire = e--bs-. and
generally 70 do and perform any and ali
things connected with or incidental 20 ths
purposes OF said company
ARTICLE Iy-TLe capital stock OF This
corporation i hereby nXed 81 the sun OF
I'VE hundred thousand d'llars 1870 OblI
dlFlced into tTo thousand shares OF N,
par value Of one hundred dollars $500
each all stock subscribed for shall De Is
sued Tor cash or its equivalent or for
lAbor Gone or property received. and M
Ger such regulations and terms and CON
olllohs as TIE Board Of Directors may de
.r.Ilhe- all sIock when issued shall he
lIlIF paid and nol-asseSSz bic: no trans
Ter OF stock shall BE- binding upon the cor
poration unless made upon its books: sn6
al ce5Iincstes OF stock shall De signed b.
the President and the Secr4tsry Tba
capital stock Z this CORPORATION NAV h
increased 10 the amount OF th-ea bvn5-a5
thclsand dollars '$Sl.0l1OD when autho--
- z meeting % The stockholders 70
~ Reid IN conformity with law
The capital stock OF this co-no-s-fo,
ShaI! consist 4 two separate classes. CON,
mon and preferred stock
Preferred Stock-The portion which =
preferred stock shall Be one hundred thau-
saad dollars $4,000. represented nv o1a
leonS4nd 1000 shares Of the par ysI1a
ferred stock shall be entitled "a a g.
az lteId Of eight 81 per cent Der amman.
payable quarterly n the FIRST day OF Jan-
10y AprL July and October Of each
80 ~hlin dividend on such preferred
>teck SA2A BE paid before anv dividend
~hAte'er shall Be- paid on the co1-n1
>t"[h his corporation shall hsva m
LleEt 20 retlre all or any part Of the said
pis "a stoeN az any interest payment
PERIOD eE giving sixty DAYS rforiee snd ~
paving TIE face value thereof. plus a nre.
mum q one Cd Per cent for each wear or
go % year th3t said stock has been
Cx-Stan9lhs up 20 i've years from the ds-s
o. tee Issue OF said stock and sha-as<---
the corporation may re-i-. su o. am -.
OF SAID preferred stock by giving the -
Falue thereof plus a premium 81 So
PEI cent thereof. Not less than i've ~
cent OF said stick NAV be rari-ad vri,h =
i've years from the date Of iSs-rs 60. : II ~
Per eeEI thereof may be retired Zach vss-
thereafter Until all OF said stock i -e-f-as
N me event that the quarterly divi.
q-nGs are nor promptly paid az snv 5iri-
So. LS4t1rNy and remain unpaid after
ninety days. then upon the written q
H2nd OF majority in auoun- 30 80
P-e1-,re1 Stock. the preferred S-oekhoI5
sAsIi can special Meeting Of ssf5
l lie-g-l-u Stockholders for the purpose ~
eItcIlng three members as Rna-d 80 n;
rectors OF this corporation WHO sL,n II
s-H a once the performance OF thei- n
directors and shall have All ~
ana authority Of directors Of ,h;s
corporation and shall hold ofsca us
term Of one year. or until tbsi, s,o tor
nal De elected. and thereafter eta -.
re1ors TO be chosen by the n-asa "a
$3.50. H3oiders shah be elected snn1suy
ots"a - .hat they shall cease 10 hold
snaH cease; provided. hoxeyer = Sos.-,s
-sne-sI snLs OF dividends shall be dua 70
ai panic Or general financial - -. 70
slsc, Sons or war. this right 70
49,, rs shaH not be exercised.
All retirements of p-efs,,s5 80
y! iot all dividends on the nre<s-..H
ssA snai De payable ar h.rE - -
gn1eed by the Board Of DirAr-o-s0 %
ssis h tnerefor shall be deposite, IN
s4Id oank prior to dividend ~ IN
10 dividends shan be paid on tn cHI riLles-
are paid. STOCK dividends
The holders or owners NJ -. -.
1911 STOCK shan have no rirhr - ~.
ofice-S a. as corporation or TO vote for
s'-.nN.. or directors Of same. or IN 80, AZ.
4lesnons before stockhoIders, ~ on
,s,LY -. IA the event Of default in d;riSa,
20 Al as above provided for
a.. on mon Stoek-The portion Of ,ba
ts s.ock which is common stock sh,, =
Gs1d1 Tssn one hundred Thousand doIIars
~ 80 represented By one thons-as
SHARES Of the par yaIus az 60 s s-no
dred dollars CsIOo) each. Vi one nun
an OF the preferred stock l.
III me capital stock Of this co,,n-a., .,
- Sonslst OF the amount represen,ss IN IN
If sbzU SIVrA- ana the holders tha-s
sgs,-e-. men nave fun control ana Das
d the affairs of this eorporsfior
~. corporation shall engage \, -.
srock nlty per cent OF the esn;.sI
~ -. oesn subscribed for snS Sc.
been paid in. subscribed for has
IiCLE E-AH the eorna-s,.
MS company shall be vested in - IS
sS.N and control OF frs IHe
So De exercised by a board - ,e. 1ir
- SnEse nor more than ave si Iess
~ s11H De stockholders: two 1-.rts
g so BOARD shah constitutA o-a oefs
rer-a-S sIain,s3ction Of business Ths ~
Tor -, n De elected annuaIlr hT III
Js,ra As hlst Monday in the uo1,s ~
shan - IN e2eh year: each stockhoIso-
q zee .Hi1Ied IN person or by nrorr :.
hin gFeIy share Of stock oxna5 -
s1cb - an Elections shall be held 49,.
sesInined by the Board ~ G-Ht De de-
1tesn Gays written notfea hr rs1 after
s9SAnoider. addressed TO ~. a.. 70 each
coess- The directors thus aIaSs.I Ah9"n
IN once for one yssr . snsm
AI successors shah have bAsn S SaIl
ana qualified. and no fsiI,-
a.. sn1H De regarded as a forfeitr-.
- Sn1llef; any vacancies ocrnr-i,. VI
f oOdrd shaH be filed by rha 49,. "
directors for the unexpire5 -. an
saId board shan likewise sIar- .SS.. ahc
members 70 said board in go IONA sn
snoCd deem it advisable to inc-sss 1.sl
= .noer OF said board: said hoa,S :, ne
a. Us nrst meeting after its e,acs;o- soen
1ndte out OF its number a PrsSfs uoM-
ssts slaen1 and Secresary-Treasrrs-