The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-01
CHARTER.

exchange, export, import dispose of. and
otherwise deal in, ut wholesale or retail
all kinds of machinery, railroad, mill con
tractors equipment and supplies, engineer
ing and hardware SpecialtieS, heavy and
shelf hardware, gasoline and gas engines
and motors, steam engines, boilers. pumps
snip chandlery, lumber, ties. coal and
coke and products of the same, yachts
and other boats, groceries. provisions and
green goods electrical apparatus and sup
plies, vehicles, and all and every kind o.,
appliances incident, necessary, proper and
desirable in the conduct of such business :
ana generally to deal in buy, sell and dis
pose OF any article of merchandise for
the successful conduct of the business
herein contemplated and if need be OF
considered desirable to lease, own, charter
and, or operate steam vessels and ar
sailing vessels to transport the merchan-
disc dealt in or manufactured by this cor
poratlon, or any other individual or com
pany.
ARTICLE IV.-The capital stock of this
corporation shall be fifty thousand $50
100000 dollars, divided into and repre-
sented by five hundred (JOOl shares of
the par value of one hundred (SIOOOW
collars each, which shall all be common
stock, fully paid and non aSSesSable
No stakeholder shall sell or otherwise
dlspoSe OF his stock without first Offering
IL III writing to the body of stockholders
through the Board of Directors, al its
book value, and the stockholders shall
nave hfteen days within which to accent
or reject such offer before same may be
offered and sold on public market.
me capital stock of this corporation may
De increased to the sum of two hundred
provided by law.
This corporation shall be and become 4
gong concern on and after January
l:'2o, and after fifty per cent of its capital
STOCK shall have been subscribed and
ARTICLE V.-AIl the corporate mowers
OF this corporation shall be vested in and
exercised by Il Board of Directors ia be
composed of five stockholders. three OF
whom shall constitute a quorum
The Board of Directors shall be elected
annually on the Tuesday after the first
MONDAY IN January in each wear M a
meeting OF the stockholders held on that
uay. All elections shall be by ballot and
each stock holder shall be entitled 10 ona
vote for each share of stock st.ndin,, ;n
ms name on the books of the corporotion
TINS vote TO be cast in person or by writ
zen proxy. Failure to select the Board of
directors as herein provided shall not
Mork forfeiture of this charter but the
old Board of Directors shall remain in
office until their successors are duIv
elected and qualified
ANY Director who is not able TO attend
at any meeting of the Board has the right
to appoint, in writing another mamLor
OF the Board to act as his proXv
The officers of this corporation shall no
PRESIDENT, Vice President and a Soc
reIafE ana Treasurer; any two of the
oiilces, excepting that of Presdiant ,nay
be combined The first Hoard ~ MI ~
Tors TO serve until the Tuesday after tho
IirSt Monday in January, 1921. or until
thelr successors are duly elected and
Iuaiiiled, shall consist of VI. Augustus
Davis residing at St Charles Hotel. New
Orleans; Arthur ]. ComiIa. of NJ lob
SAINT Charles Avenue. New Orleans. FaIiv
V. Bruen, of No. 1908 Milan Street New
orleans; Emile n. Cornay, of No Iz2-
n street, New Orleans; and Bufored
VI. Myers. Of No 40l ArabeIla Straat
New Orleans; of which VI. Augustus Davis
shaII De president; Felix V. Bruen shat,
De ice President, and Emile y. Cornov
shall be Secretary Treasurer
All! vacancy In the Board of Directors
ma! pe MED by the remaining Directors
Oh sald Board from among the stockboId
ers' The Board of Directors shall have
me power and authority. by proper rasol
iIlloh, 10 sell, mortgage. hypOthecate ana
he e" an! klhd OF property owned by
me corporation, either in whole or in mart.
10 purchase, lease and otherwise ocnu;ro
an! property for the corporation: TO make
ann' DorroW money, issue notes and
U , oDngatlons the same in any manner
permitted by law; in fact il shall ba,.a
ana exercise all the powers conferred d.,
Act 267 of 1914 'u u!
ARTICLE V1.-This act of incornoro-
non may be amended. altered or modi-
neu, or the corporation dissolved at any
time by complying with the provisions &c
the laws of this state. Vi
AK llCLE Nll.-At the expiration of this
tharter, or the earlier dissolution Of tL;s
~ orPoranoh' IT'S affairs shall be liquidated
ny Two commissioners to be elected nv
the stockholders, in accordance with la,.
ana said commissioners are hereby vested
WIN iul power and authority TO sell anr
ana all assets and property, real, persona,
anu mixed of this corporation, and to
- Igh ana complete title thereo. and
70 40 ana perform all, every and any oct
or acts essential to full and comnlate
nquluatlon OF this corporation and 10 dis
trloute the proceeds. if any, In the oven,
OF the death. inability or resignation of
Sham vi saId commissioners, the survivor
snail continue to act and be likewise In
ed. VII iiiehtioh-
ARTICLE yIII.-The appearars have
subscribed to the number of shares SET
opposite their respective names and tbair
signatures hereto shall Constitute the oil
gihai subscription list to the c5pitaI stocs
or this corporation
Ihus done and signed, in my office M
Ine city of New Orleans. on the day.
inohtn ana year, herein first before writ
ten, in the presence of Messieurs Cbarie.
LeBlanc and Frank Il. Doyle. competent
maze witnesses. of age, and residents of
ms Parish, who have signed these pres-
WIN the sdlu appelrerS and mo
Notary, after due reading of the whole
=, witnesses: Charles Leblanc and Frank |
L. Doyle u 'i'nA
Original Signed) NJ. A. Davis. go
spares; Il. n. Cornay, 60 shares; b. NJ,
isers o. snares; A. j. Gomila, 60 shares
T. V. Bruen, 60 shares
JOSEPH SINAI.
A. Notary Public |
;tss' IN ana for the Parish of Orleans.
Itate OF Louisiana. do hereby certify thar
ne above and foregoing Act of Incornoe
alton of the Globe Supply and Machinery
company, Incorporated. was this day
luiy recorded in my office in Book 123S
91o. Deceihoer -
lSigned) EMILE J. LEONARD. DIV. r.
certify the above and foregoing TO he
true and correct copy of the original
Yet OF Incorporation of the Globe SuppIy
ND Machinery Company, Incorporate6
ogether with the certificate of the Re-
order of Mortgages thereto appended and
IN flle in my notarial office.
tSigned)
JOSEPH SINAI