The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-26
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. he it known. that on this TWEEN
ty-first day of the month of June, in the
year OF our Lord. one thousand nine hun
dred and twenty. and of the Independence
of the United States of America, the one
hundred and forty fourth. before me.
Thomas V. 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. the persons whose names
are hereuntO subscribed, who declared that
the laws of the State OF Louisiana. and
particularly of Act 20 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 slip
ulations following, tO-wit:
. ARTICLE 1.-The name and style of this
corporation shall be the Harrison Paint
Company, Incorporated, and under that
name IL shall have and enjoy all Of the
by the law to corporations; it 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 corporate
seal and the same TO break and alter at
pleasure; to hold, receive. purchase. con
yey, 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
the interest and convenience Of the cor
pOratiOn may require or demand and TO
make and establish such bylaws rules
and regulations for the corporate manage
ment and control of its business and af-
fairs as may be deemed necessary and eX-
pedient.
ARTICLE 1.-THE domicile Of the said
CORPORATION shall be the City of New Or
leans, State of Louisiana. but it 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 a similar line of business and 10
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 .oi
six thousand dollars, divided into slit
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 it's 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 tn,
corporation in writing, through its Board
of Directors, and the said Board of Di
rectors shall have the right and option tC
purchase the stock so offered within thirty
days, at the book value as established by
the last inventory
ARTICLE V.-All the corporate power:
of this company shall be vested in and the
management and control of its bushes:
and affairs shall be exercised by a Boart
of Directors, composed of six stockholders
which number may be increased to MOI
more than nine, at the direction of the
Board of Directors. A majority of th'
directors shall constitute quorum for the
transaction of all business. The directors
shall be elected annually by ballot of thu
stockholders on the twenty-first day Of
June of each year. All elections shall b'
held under such rules and regulations as
may be determined by the Board of III
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 il
office for one year, until or in the event
and qualified. All stockholders shall b,
entitled, in person or by written proxy, t
one vote on each share of stock owned by
and standing in his name on the books Of
the corporation. No failure to hold al
election shall be regarded as forfeiture
of this charter. Any vacancy occurring OF
said Board of Directors shall be filled b!
the remaining directors for the unexpireC
term. Said Board of Directors shall like
wise elect the additional member or mem
bers in case they determine to increase tn,
number of the Board as hereinabove pre-
vided. Said Board Of Directors shall like
wise elect at its first meeting, from amonl
it's members, a President and a Genera
Manager, a Secretary and Treasurer. j
may combine any two or more OF salt
offices into one and may even elect Sec
rotary who is not a stakeholder or direc
tor. Said Board of Directors shall hav'
the right and power to appoint and dis
mis- such clerks or other employees o
the corporation, including the Secretary
who is not a stakeholder or director, a
conditions may justify or-the business o
the corporation shall require. The tern
of office of all employees of the corpora
ton shall be during the pleasure of tn
Board of Directors.
ARTICLE VINO stakeholder shall eve
be liable or responsible for the contracts
faults or debts of this corporation, no
shall any mere informality in its organ
iZation have the effect of rendering thi
charter null or of exposing stockholde
to any liabilities beyond the unpaid bal
ance due on the shares Of stock owned b!
him.
ARTICLE VII.-This act of incorpora
ton may be changed, modified or altered
by vote of two-thirds of the person
owning the issued capital stock of thi
corporation. at a meeting convened 70
that purpose, after notice thereof shall
have been given for thirty days in tn
manner provided in Article Five or thi
act of incorporation, provided, however
that the object and purpose for which thi
corporation is organized shall not b
Lchanged or altered, or the capital stool
of this corporation increased to an amour
exceeding the maximum herein fixed, o
decreased to an amount less than the cor
porate Indebtedness, without the consen
and approval of the stockholders, ownin,
tbree-fourths Of the issue Of the capita
ARTICLE VIIi-TbiS coronation ma,