The herald., 1919-12-11
CHARTERS
OF THE SOUTHERN JOB
BERS' SUPPLY COMPANY, INC.

United States of America. State of Lou !
isiana, Parish of Orleans. City of New ,
Orleans. BE II known, that on this the .
thirty first day of the month of october. /
in the year nineteen hundred and nineteen .
Q9l9) before me, ASahel Walker Cooper.
a notary public duly commissioned and
qualified, in and for the Parish of Or
leans, State of Louisiana aforesaid, and .
in the presence of the witnesses here
'inafter named and undersigned, per
Sonally came and appeared the sey-
eral persons whose names are hcreuntO
subscribed, who Severally declared that,
awaiting themselves of the laws of the
State of Louisiana, relating to corpora
lions, and especially Act pa of 1914, they
have covenantcd and agreed to bind. form
and constitute themselves, and do hereby
bind, form and constitute themselves, as
well as all such other persons as may
hereafter join or become associated with
them, into a corporation and body politi
in law. for the objects and purposes and |
under the StipulatiOnS following, tO-wit:
ARTICLE THE name and style of this
Corporation shall be Southern Jobbers'
Supply Company. Inc, and by said cor
pOrate name it shall have and enjoy sue
ceSsion for a period of ninety nine years.
unless SOnCr dissolved in the manner pro-
vided by law and by the articles of this
charter; and under such corporate name
it shall have power and authority to con
tract sue and be sued: to make and use
a corporate seal, and the same TO break
II e.
chase, convey, mortgage and hypOthccate ,
property, real, personal and mixed to is
sue bonds, notes and other obligations;
TO elect and appoint such managers, Off
GERS, directors, agents and other EN-
plOyeS as the interest and convenience of I
the corporation may require or demand. !
and make and establish such bylaws. !
rules and regulations for the corporate !,
management and control of its business |
and affairs may be deemed necessary
and eNpedicnt to sell, assign, transfer. |
mortgage, pledge or otherwise dispose of
bonds or other securities or shares of
capital stock OF any other corporation or
corporations whether foreign or domestic,
and to own stock in any other corporation
or corporations, and to vote the same.
Corporation shall be in the City of New
Orleans, State of Louisiana, but it may
establish offices and agencies and conduct
| business in any other state, territory or
dependency of the United States or in
4 foreign countries.
All citations or other legal process
| shall be served upon the Nice-President
! Treasurer, or in his absence upon the
Secretary, and in the absence of both
] then said process shall be served upon
| the President
ARTICLE HI-The objects and pur-
poses for which this Corporation is organ
| lied and the nature of the business to be
|
| To manufacture, buy, sell and deal in
| either at wholesale or retail, and to ex
port and import, erect and install electric
4 motors, electrical machinery, tools, spe-
| cialties, hardware, appurtenanccs, poles
| and cross arms, electrical appliances, sup
plies material and fixtures of every ma
! ture and kind whatsoever; to manufac-
| ture deal in, buy and sell, either at
| wholesale or retail, electrical plants
pipes, appurtenances and fixtures of every
| nature and kind required in the electrical
| equipment of buildings, and generally TO
do and perform such other business IL
or may be necessary for the furtherance
of any of the above named objects or
| which may be incidental or germane
! thereto or in any wise connected there
with.
ARTICLE Iy-The capital stock of this
| Corporation is hereby fixed at the sum of
| fifty thousand $3.50 OOO) dollars to be di-
vided into five hundred $500 shares of
, the par value of one hundred ($l0O) dol
lars each, which shall be payable in cash.
or may be issued at not less than par in
payment of services actually rendered or
i of property actually received by the Cor
pOration.
| Germ soon as fifty per cent of the
amount of its capital stock has been sub
| scribed for and fifty per cent of said
amount so subscribed for shall have been
|
The amount to which the capital stock
of this Corporation may be increased is
hereby fixed at two hundred and fifty
thousand ($250,OO0 dollars.
No transfer of stock shall be binding
upon the Corporation unless made and re-
corded upon its books.
All shares of stock shall be fully paid
and worcestershire and all certificates of
stock shall be signed by either the Pres
ident or Vice PRESIDENT Treasurer and
countersigned by the Secretary.
ARTICLE V-All eIe powers of this
Corporation shall be vested in and the
management and control of its business
and affairs shall be exercised by a oBard
of Directors composed of not less than
three nor more than five shareholders :;
and a majority present in person shall
constitute quorum for the transaction
of all business Any one of said directors
may attend any meeting of said Board
of Directors by written proxy addressed
to any other one of the directors, who by
virtue of said written proxy shall be
fully authorized to represent said absent
director and vote upon all questions sub
mitted to said directors meeting in his
name. as fully and with the same validity
as if the said absent director were present
and voting in person. Anyone of said di-
rectOrs may further constitute any other
one of said directors his general proxy
upon whom notice of all directors meet
ings may be served.
A majority of the Board of Directors
voting at any time in person or by writ
ten proxy, shall be required to pass any
resolution adopt any bylaws which
when SO passed adopted shall become
valid corporate acts.
The first Board of Directors shall serve
until the election to be held on the last
Tuesday in January, 1920, or until their
successors are duly elected, qualified and
{ installed.
The Board of Directors shall be elected
annually at a general meeting of the
stockholders to be held on the last Tues
day in January, 1920, and on the same
day and month in each succeeding year
: except when that day falls upon a legal
holiday, then upon the next following lay
day, after fifteen days written notice
mailed to each shareholder at his last
! known address, as the same shall appear
on the books of the Corporation, and un-
a less such notice be waived in writing by
all of the shareholders appearing as such
e upon the books. A failure. however, from
any cause, to hold the annual meeting OF
stockholders, or failure to elect directors
n thereat, shall not operate the forfeiture
\ of this charter nor impair the Corporate
management but the directors then In
T Office shall serve until their successor,
; shall have been duly elected and qualified
and installed. Any vacancy in the BOarC