The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-19
CHARTER OF THE HARRISON PAINT
COMPANY, INCORPORATED.

CHARTER OF THE HARRISON PAINT
COMPANY, INCORPORATED.
United States of America. State of
Louisiana. Parish of Orleans. City of New
Orleans. BE it known. that on this TWEEN
ty-first day of the month of June. in the
year Of our Lord, one thousand nine hun
bred and twenty. and of the Independence
of the United States of America. the one
hundred and forty-fourth. before me-
Thomas '. Craven, a Notary Public. duly
commissioned and qualified in and for
the Parish Of Orleans. State of Louisiana
aforesaid. therein resident, and in the
presence of the witnesses hereinafter
named and undersigned. personally came
and appeared. tlN persons whose names
are hereuntO subscribed, who declared that
the laws of the State of Louisiana, and
particularly of Act 267 of the General As
sembly of the State of Louisiana for the
year of 1914. they have cOvenanted and
agreed and do by these presents, covenant
agree, bind. form and constitute them
selves. as well as such other persons as
may hereafter join or become associated
with them. into a corporation and body
polite in law. for the objects and pur
poses and under the agreements and stip-
ulations following. to-wit:
ARTICLE 1.-The name and style Of this
corporation shall be the Harrison Paint
Company. incorporated, and under that
name ii shall have and enjoy all OF the
rights, advantages and privileges granted
by the law to corporations; il shall exist
for a period of ninety-nine years from the
date hereof; it shall have power and au
thOrity to sue and be sued in its COrpOr-
ate name; to make and use a corporate
seal and the same to break and alter at
pleasure; to hold. receive. purchase, con
vey. mortgage and hypOthecate property
real and personal and mixed; to issue
bonds notes and other obligations; to
have and employ such managers. officers,
directors and other employees or agents as
a
pOration may require or demand and to
make and establish such bylaws, rules
and regulations for the corporate manage
ment and control of it's business and af
fairs as may be deemed necessary and eN-
pedient.
ARTICLE 1.-THE dOmicile Of the said
corporation shall be the City of New Or
leans, State of Louisiana, but il may estab
liSh and maintain offices and agencies
throughout the United States Of America
and foreign countries. All citations and
other legal process shall be served on the
President. and. in his absence. on the Vice
President of the said corporation. In the
absence of the President and Vice PreSi-
dent. then said process shall be served on
the Secretary of the said corporation.
ARTICLE III-The objects and pur-
poses for which this corporation is organ
lied and the nature Of the business to be
carried on by il are hereby declared TO be:
To deal in. buy, SELL and manufacture
paint and all products pertaining thereto.
To acquire by purchase or otherwise the
stocks and bonds of other corporations en-
gagged in similar line of business and to
sell. convey and transfer same at pleas
ure: and to do and engage in any other
business. undertaking or enterprise con-
nected with, growing out of. incidental or
germane to any of the objects and pur-
poses hereinabOve set forth or contem-
plated by this charter.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum Of
six thousand dollars. divided into sixty
shares, of the par value of one hundred
dollars each. which shall be paid for in
cash. or may be issued at not less than
par for property purchased by or services
actually rendered to the corporation. The
capital stock of this corporation may he
increased or decreased by compliance with
the laws of the State of Louisiana gov
erning same. All shares of stock shall be
full paid and worcestershire. No transfer
of stock shall be binding upon the cor
pOratiOn unless made upon its books. and
all certificates of stock shall be signed by
such officers as may be designed by
the Board of Directors. No stakeholder
shall sell or in any way or manner dis
pose of his stock in this corporation with
out having first offered the same to the
corporation in writing, through it's Board
of Directors, and the said Board of Di-
rectors shall have the right and option to
purchase the stock so offered within thirty
days. at the book value as established by
the last inventory.
ARTICLE V.-All the corporate. Bowers
of this company shall be vested in and the
management and control of its business
and affairs shall be exercised by n Board
of Directors. composed of six stockholders.
which number may be increased to not
more than nine, at the direction of the
Board of Directors. A majority of the
directors shall constitute a quorum for the
transaction of all business. The directors
shall be elected annually by ballot of the
stockholders on the twenty-first day of
June of each year. All elections shall be
held under such rules and regulations as
may be determined by the Board of Di-
rectors, but after at least fifteen days no
tice thereof shall have been given to each
stakeholder, by notice thereof. delivered
personally to each stakeholder. or by
deposition in the pOstOffice. properly ad-
dressed notice to each stakeholder. The
directors thus elected shall continue in
office for one year. until or in the event
their successors have been duly elected
and qualified. All stockholders shall be
entitled. in person or by written proxy, to
one vote on each share of stock owned by
and standing in his name on the books of
the corporation. No failure to hold an
election shall be regarded as forfeiture
of this charter. Any vacancy occurring on
said Board of Directors shall be filled by
the remaining directors for the unexpired
term. Said Board of Directors shall like
wise elect the additional member or men,
bers in case they determine to increase the
number of the Board as hereinabOye pro-
yided Said Board of Directors shall like
wise elect at its first meeting, from among
its members. a President and a General
Manager, a Secretary and Treasurer. 1t
may combine any two or more of said
offices into one and may even elect Sec
rotary who is not a stakeholder or direc-
tor. Said Board of Directors shall have
the right and power to appoint and dis
miss such clerks or other employees of
the corporation, including the Secretary,
who is not a stockholder or director, as
conditions may justify or the business of
the corporation shall require. The term
Of office of all employees of the corpora
tiOn shall be during the pleasure of the
Board of Directors.
ARTICLE Vino stakeholder shall ever
be liable or responsible for the contracts,
faults or debts of this corporation, nor
shall any mere informality in its organ
izatiOn have the effect of rendering this
charter null or of exposing a stockholder
to any liabilities beyond the unpaid bal
ance due on the shares of stock owned by
him.
ARTICLE VII.-This act of incorpora-
ton may be changed, modified or altered
by a vote of two-thirds of the persons
corporation, at a meeting convened for
that purpose, after notice thereof shall
have been given for thirty days in the
manner provided in Article Five or this
act of Incorporation, provided, however,
that the object and purpose for which this
corporation is organized shall not be
changed or altered, or the capital stock
of this corporation increased to an amount
exceeding the maximum herein fixed, or
decreased to an amount less than the cor
porate Indebtedness, without the consent
and approval of the stockholders, owning
three-fourths of the issue of the capital
stock of this corporation.
ARTICTE VIII-ThfS "