The herald., 1919-08-21

CHARTER OF CoE-voGT BETTING g.
SUPPLY COMPANY, INC.
United States OF America State Of Louis
lana, State OF Louisiana, Parish of Orleans
City of New Orleans. Be il known, that on
, this 22nd day of the month of July in the
year OF our Lord. One Thousand Nine Hun
bred and Nineteen; Before me, Frederic C.
OuerenS, a Notary Public, duly COMM sion
ed and qualified in and for the Parish OF
Orleans, State OF LouisiaQa, therein resid-
ing, and IN the presence OF the witnesses
hereinafter named and undersigned; person
ally Gang and appeared, Marion n Coe, John
+. Nogt, W. ]. Drawe, all of full age and
residents of the City of New Orleans, and
all OF whom declared that availing themselves
OF the provisions Of the Constitution anu
Laws of the State of Louisiana relative TO
the formation and conduct OF corporations.
and particularly OF the provisions OF Act
No. 20 of the General Assembly OF Louis
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 or 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
tion herein formed
ARTICLE 1.-THE name and title of tire
corporation hereby formed is declared to be
"Coe-Nogt Betting & Supply Company, Inc, -
and its donicile 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
existence and succession under the said
name for 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
fo- 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 or 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 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 to 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
10 purchase acquire, hold, own, lease, sell
convey, mortgage, pledge, or otherwise en-
cumber property both real or 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 sum OF
Thirty Thousand Dollars, (S50OO.OO, divided
into and represented by Three Hundred C3OO)
shares of the par value of One Hundred Dol.
| lars, ($lOOO0), 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 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
lars, (Sl50OOO.O).
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 hav,
succession under its corporate name for ;
period of ninety mine years from and afte
the date OF this act; to sue and be sued il
its corporate name in any court of compe
tent jurisdiction; to make and use com
mon seal and TO alter the same at its pleas
ure; to acquire property by grant, gift pur
chase and devise bequest; TO lease, hOli
and dispose of. and to mortgage and pledg
the same, all subject to such limitations a
may be prescribed by law; 10 appoint sucl
officers and agents the business of tn
, corporation may require, and to fix thei
: compensation, having due regard to the ma
! ture, character and value of their services
a TO make bylaws not inconsistent with an
existing law, fixing or altering the manage
1 nent OF the property, the regulation an
government OF its affairs and the manner O
the certification and registration of its stock
TO wind up and dissolve itself, or to be woun
up and dissolved in the manner prescribe
by law; to conduct business in this State
other States, the Federal District, Terrttorie
and foreign countries; to hold stock in othe
corporations, the capital stock OF one corpora
ton may be issued for capital stock in othe
corporations; provided however that no col
: poration shall be permitted to vote NOR
: than ten per cent. of the capital stock {
n any other corporation, and whenever a give
u per cent. OF the capital stock is required f
d any purpose, such per cent. shall be ca
e cuated the total amount of outstandin
d stock entitled to vote; and especially
I, have all the powers and privileges direct
d or by implication conferred upon corpor
5: tions of this character by the laws of tn
d state, as well as such powers and benef
r as are conferred upon corporations by 9th,
,, states, Federal District, Territories and pc
d sessions of the United States and foreiq
i, countries, when doing business therein, ar
D which are not inimicable to the laws
lie Louisiana.
< ARTICLE V.-All of the corporate powe
to and the management of the business Of Il
< corporation shall be vested and is heret
D vested. in a Board OF Directors, which sha
a, consist OF a minimum number Of three {
e and maximum number of seven (7) stoc
Of holders, each of whom shall hold in h
d own. right at least one share of unpledg.
d stock of this corporation during his tenu
l. of office. With the exception of the Boa
lie hereinafter specifically named, the Directo
Y, shall be elected at the annua; meeting of Il