The herald., 1920-06-10
CHARTER.


body polite in law, for the objects and
purposes and under the agreements ana
StipulatiOns herein following, which they
adopt as their charter, tO-wit:
ARTICLE 1.-The name of this cOrpOr-
alton shall be: The Marine Paint anu
Narnish Company, Incorporated. and shall
have corporate existence for the period OF
ninety nine years from the date hereof, and
shall have and exercise for the purpose
of the business to be carried on by IL, all
the powers conferred by law on similar cor
porations including the power to make
aud use Il corporate seal, and the same
to break and alter at pleasure, to con
tract sue and be sued in its corporate
name: to hold, own, receive, purchase
ALLEVIATE. release, convey, mortgage, ny |
BOthecatc. pledge or otherwise cucumber |
property both real and personal, or mixed
to issue bonds, notes and other obligations |
for the purpose OF borrowing money or
10 secure same by mortgage or otherwise,
name and appoint such officers, manage |
directors, agents, and Their employees, as
the interest of tn" said corporation may !
require, and to suspend or remove same |
AT the pleasure of said board. and to eS- |
tabliSh such BYLAWS. rules and regulations
As may be necessary aud proper, and the
same to alter. amend and abolish ut pleas
urr and generally to do and perform all
such acts as may he proper and neccS-
SaTy to carry out ana execute the purposes
Of this corporation.
ARTICLE 1.-THE domicilr of this cor
pnration. shall he in the city of New Or
LEANS, state of Louisiana, but it may Is
tabliSh and operate factories, offices ana
agencies " hrrever il may deem advisable.
All citation and other legal processes
shall be served on the president of this
CORPORATION. or in the event of his abSenc"
or inability to act. then upon tn" vice
president the secretary treasurer of said
corporation.
ARTICLE III.-The objects for which
this corporation is organized or the natur"
of the business to be carried on by II are
hereby declared TO be: the general NarniSh
and paint business in all its various
branches and to that end To manufacture,
purchase and sell all kinds of paints and
yaruiShcS. paint and varnish materials and
ingredients used therefor and Herewith,
all kinds of oils and oil products, tur-
ppntinrS or its by-prOductS, and all things
incidental or pertaining to the manufac-
tur- thereof. Also to deal in all manner
| of plaStprS. lime. glue and all things per
tanning TO and connected with or used in
! said business or in the decOrativ" arts. as
we'll as decorative material bronze ana
bronZiug liquids of all kinds and dcScrip-
/ ton. ~ well as dealing in and manufac-
| turing glass and glassware, eHrthenware
and chemicals and acids. all coal tar pro
durtionS and pigments. aS well as tar,
| ro>in aud generally all kinds of merchan-
! disc.
! And also to establish and operate fac
, tories warehouses and stores, for tn"
manufacture. storage and sale of any of
/ it's products and to conduct and carry on
| Il mercantile business. To purchase, sell.
| lease and suitcase real estate and I'll"
buildings thereon.
| To use and operate railroads. tram
| roads motor trucks steam cOnveyancc>
] or any other method of cOnVcNanc"S, IN
| Guiding aircraft. To use and Op"rat"
watercraft of any Kind or natur" and to
| buy. build or lease any OF the above men
! toned methods of conveyance. all in con
| ncction with the business of this said
corporation, and generally to do any and
all things not absolutely prohibited by
law thereon.
| ARTICLE IN.-The capital stock Of this
lrOrporation is hereby fixed at SiOO.UN.H
four hundred thousand dollars. divided
into and represented by 1000 shares ot tn
par value of (Sl0OOO) one hundred dollars
each which shall bc paid for in cash, a.
provided by law. or may bc issued ut pai
in payment for property actually pur
chased on the valuation fixed by I'll" board
of directors. prior {" its actual purchaS"
. Which said stock 80 issued shall he ISSUED
fun paid aud non aSses>Hhlc. or may To-
issued to the subscribers thereof on >ucl
! terms of payment as the board OF dir'7'
tors may fin in conformity with I'll" STATE
law governing the subscription ANA pay
mrnt of stock.
/ This corporation shall Ice authorized f
commence business and h" going con
Germ aS soon HS S2O0.oOn.h or It's stool
shall he subscribed for and paid. in tn
I 7
amount j. hereby declared to Ice sub
1 | SCribcd.
The shares OF this stock shall he trans
ferahe only on tn" books of this corp"
alton. and No transfer of stock shall h
binding or have any effect upon this COZ
, puration. unless. and until made upon II
hooks; and prior lien on al the share
of stock shall he retained by this com
pany on all the stock of any SharehOld'
: for any indebtedness secured or insecure
: however evidenced or created, due at an
. time to this corporation by the holder Q
| said stock. and all transfers OF stock Sha
q. | Ice made subject to these conditions.
a ARTICLE Van the corporate power
| of this corporation shall he vested II
n and exercised by Il board of seven dire'
Y tors who shall each he StockhOlder
il this corporation and shall hold i'll his ow
= name at least on" share Of full PAID an
y unpledged stock. Four of said director
will constitute a quorum for the transa'
n ton Of all business, and majority vol
IT at any meeting shall decide all question
1. voted upon.
J., Said directors shall he elected annual
? from the stockholders on the second Tue
a day in January of each year after dI
N notice of said meeting shall nave bee
IS given to each stakeholder, sent by mail
il his last known address fifteen days prl'
a to said election. and all directors shall
required to file their address OF any chan.
l. thereof with the secretary of this corpor
n tiOn and Il failure so to do shall relic
rs this corporation from any respOnSlDlll
~ of the said notice not being properly d
10 livered. and said notice or any other n
n tice required 10y this charter may he wal
pr ed in writing.
i At the election of directors and ut !
re other meetings of said stockholders q
Or vote shall be by ballot and each share
A. stock shall be entitled to one vote to
l. east by the owner in person or by VII
H. ten proxy. The majority of stock voted
nd any stockholders meeting shall decide
~ questions voted upon, except as here
lie provided.
The officers of this corporation sh
,d he n president. one or more irc-preSiden
" and said board shall also elect secretar
m treasurer. the first board of directors
70 this corporation is hereby declared to
nd Mr.. Anthony Wizard. Mr.. c. Edward Me
wether. Mr.. John \. Taylor. Mr.. John
all Cooper. Mr.. Hewitt w. Cooper. Mr.. q
m iC bright and Mr.. +. Newton kearI
m. with the said Anthony Wizard rs pre-
,r- | dent, the said John ID. Cooper rs vi
NC president the said &. Edward Meriweth
K as vice president, and the said Hewitt
lid Cooper as secretary treasurer. WI
H. said board and officers shall hold IN
respective offices until the second tn
re- day in January, 1921. or until their s.
lite ceSSors are duly elected and qualified.
his which said date and annually thereaf
ON the stockholders shall elect board
lso seven directors as herein provided for. 9
of said board shall within two days af
their election, elect from among their nu
at Der a president, one or more vice-pr'
,tb dents and said board shall elect n sec
es. taTy treasurer. who may or may not
r member of said board of directors.
in failure to hold an annual election Of sto
L a Aft hnRn