The herald., 1920-08-26
Aug. 5-Sept. o.

IL,
Tic.
Aug. 5-Sept. o.
CHARTER OF MONROE &C., NC.
United State- or Aner!ca. State of Lou
isiana, City of New Orleans. BE IL known.
that on this 18th day Of the month of
July, in the year one thousand. nine hun
F. Fletchinger, Notary Public,
duly commissioned and qualified in
and for said Parish of Orleans, Their, in
residing. and in the presence of the wit
neSseS hereinafter named and undersigned.
personally came and appeared the several
persons whose names are hereunto sub
scribed, who Severally declared that, avail
ing themselves Of the provisions of the
laws of said State of Louisiana with reg
spect 10 the organization of corporations,
they have agreed and do by these presents
agree and bind and obligate themselves. as
we'll as all such persons as may hereafter
become associated with them, TO form and
constitute a corporation and body polite
in law for the objects and purposes and
under the terms and conditions following,
to-wit:
ARTICLE 1.-The name of this corpora
ton shall be Monroe & Co, Inc, and I'M
der such name IL shall have and enjoy cor
pOrate existence for period of ninety
nine years from the date hereof, unless
sooner dissolved. 1t shall have the power
to contract, sue and be sued, to make and
use a corporate seal, and the same to
break or alter at pleasure; to purchase
lease hold, mortgage pledge, sell or trans
fer in any other manner, under it's cor
pOrate name, all property of every nature
movable, immovable or mixed; to make
indorse and issue bills of exchange and
prOmissory notes and bonds; to MAKE all
necessary rules and regulations for the
proper management of its corporate af-
fairs; and generally, to enjoy all the
rights, privileges and immuaities now con-
ferred or which may hereafter be con-
ferred by the laws of the State of Lou
lsiana upon corporations of the same kind
and character.
ARTICLE 1.-THE domfciIe of this cor
poratiOn is hereby fixed in the City of
New Orleans, Parish of Orleans. State of
Louisiana.
All cItltatlon ana other legal process
shall be served upon the President, or in
his absence or inability to act, upon the
Vice President, or in the absence or in
ability to act of both of them,' upon the
Secretary Treasurer.
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 buy and sell at retail and at wholesale,
to import and manufacture carpets mat
tings, rugs, wallpaper, furniture and house
furnishings and decorating materials of
all kinds, including paint and other wall
coverings; and generally, to furnish and
decorate the exterior and interior of all
houses and buildings of every nature, and
to perform all work necessary and incl
dental thereto; and generally to do and
perform every other act and thing useful
and conducive to carry out the business
herein authorized.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
twenty-five thousand ss25 100000 dollars,
($JOOO0.OOl dollars. Said capital stock
shall be divided into and represented by
two hundred fifty shares of the par value
of one hundred dollars each, and all Of
said stuck ha unnn
stock shall be issued for cash or it's EQUIV
alent and may be issued at NOT reSs than
par in payment for property actually pur-
chased or for service actually rendered the
corporation.
The corporation shall begin to do bust
ness when such amount of its capital
stock has been subscribed for, as IS pre-
scribed by law. The remainder OF the
capital stock not issued shall be disposed
of at such times and upon such terms and
conditions as the Board of Directors shall
and in accordance with law. All
stock shall be fully paid and non assess
able, and no transfer of stock shall be
binding upon the company unless duly re-
corded upon the books of the company.
ARTICLE V.-The AFFAIRS of this cor
pOration shall be managed by n Board of
consisting OF five members, three
of whom shall constitute a quorum for the
of all business. Such directors
shall be elected annually from among the
at meeting to be held on
holiday; after fifteen days notice by mail
to each shareholders last known address.
At such meeting each shareholder shall be
entitled to cast one vote for each share of
stock held by him, either in person or Icy
proxy. A majority Of the stock present or
represented at such meeting shall be suf-
ficient for the transaction of all business,
including the election of directors.
The officers of this corporation shall be
a President, a Vice-President and Secre-
tary Treasurer, who shall be chosen by the
Board of Directors from among its men,
bers.
Said officers and such Board Of Direc-
tors shall serve until their successors have
been duly elected and qualified. Any va
,ancy in said officers or Board Of Direc-
tors shall be filled by the remaining mem
bers of said Board for the unexpired term.
Special meetings of the shareholders may
be held when ordered by the Board Of
Directors, or upon the request of not less
han twenty five per cent of the outstand-
ing stock after giving the notices required'l
by law.
Any director who Is about to absent
himself from the City of New Orleans, or
by reason of any other disability is IN
able to attend a meeting or meetings of
he Board of Directors, shall have the
right to authorize any shareholder of the
company to vote for him at any and all
directors meetings, and such proxy shall
have and exercise all Of the powers of
such director appointing him.