The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-05
CHARTER OF THE HARRISON PAINT
COMPANY, INCORPORATED.


Louisiana. Parish of Orleans. City of New |
Orleans. he il known that on this TWEEN |
ty- first day Of the month of June, in the |
wear 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, Notary Public, duly
cOmmis SiOned 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
availing themselves of the provisions or
the laws of the state of Louisiana, aud
particularly of Act 26I of the General As
scmbly Of the State of Louisiana for the
year of 1914. they have cOvpnanted 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:
| ARTICL F. 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
| rights advantages and privileges granted
by the law to corporations; IL shall exist
| for period of ninety-nine years from the
date hereof; il 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
vey. mortgage and hypOthecate property.
| real and personal and mixed; TO issue
bonds. notes and other obligations: 10
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-
fair no nl Y
pedient.
ARTICLE 1.-THE domicile of the said
corporation shall be the City of New Or
leans. State of Louisiana. but ii may eStah-
lsh 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 10 be
carried on by it 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 10
{ ure; and to do and engage in any other
/; business. undertaking or enterprise con
. nected with. growing out OF. incidental OF
I germane to any of the objects and pur
poses hereinabove set forth or contem'
u plated by this charter.
ARTICLE Iv.-The capital stock of this
u corporation is hereby fixed at the sum Of
r six thousand dollars, divided into sixt,
! shares, OF the par value OF one hundred
u dollars each, which shall be paid for IN
: cash. or may be issued ut not less thar
y par for property purchased by or services
u actually rendered to the corporation. Tit
< capital stock of this corporation may b.
7 increased or decreased by compliance will
u the laws of the State of Louisiana gov
u full paid and non assesSable. No transfer
e of stock shall be binding upon the cor
y pOration unless made upon its books. anC
Il all certificates of stock shall be signed b!
X such officers as may be designed b!
q the Board of Directors. No stockholde
u Shall sell or in any way or manner dis
y pose of his stock in this corporation with
i out having first offered the same TO tn
q corporation in writing, through its Boart
e Of Directors, and the said Board of Di
$ rectors shall have the right and option e
!, purchase the stock so offered within thirt!
y days. at the book value as established b!
: the last inventory.
y ARTICLE VAN the corporate power
y of this company shall be vested in and tn
n management and control of its bushes
o and affairs shall be exercised by Boar'
II of Directors. composed of six stockholders
y which number may be increased to no
;. more than nine, at the direction OF tn
: directors shall constitute a quorum for tn
y transaction of all business. The director
;. shall be elected annually by ballot of tn
J., stockholders on the twenty first day o
% June of each year. All elections shall b.
n held under such rules and regulations a
y may be determined by the Board of Di
r rectors. but after at least fifteen days no
- tice thereof shall have been given to eacl
stakeholder, by notice thereof. delivered
= personally to each stakeholder. or b.
u deposition in the pOstoffice, properly ad
e dressed notice to each stakeholder. tn
directors thus elected shall continue Il
|, office for one year. until or in the even
u their successors have been duly electe-
n and qualified. All stockholders shall b
y entitled, in person or by written proxy, {
T. one vote on each share of stock owned b.
!, and standing in his name on the books o
e the corporation. No failure to hold a
IL election shall be regarded as forfeitur
z of this charter. Any vacancy occurring o
,e said Board of Directors shall be filled b
'r the remaining directors for the uneXpire
r term. Said Board of Directors shall like
p wise elect the additional member or men
y bers in case they determine to increase tn
number of the Board as hereinaboye pre-
D vided. Said Board of Directors shall like
lie wise elect at its first meeting. from anon
u its members, a President and Gener:
Manager, a Secretary and Treasurer.
ID may combine any two or more of sal
" offices into one and may even elect Sec
T. rotary who Is not stockholder or dire'
d. tor. Said Board OF Directors shall haN
n the right and power to appoint and di:
miss such clerks or other employees
a. the corporation, including the Secretar
r who is not q stakeholder or director,
conditions may justify or the business
a. the corporation shall require. The ter,
r of office of all employees of the cOrpOri
tion shall be during the pleasure Of q
d. Board of Directors.
r ARTICLE VINO stakeholder shall ev,
be liable or responsible for the contract
d. faults or debts of this corporation, NJ
shall any mere infOrmalty in its organ
Il ization have the effect of rendering tn
ID charter null or of exposing a stockhold
to any liabilities beyond the unpaid ba
De ance due on the shares of stock owned
rs him.
~ ARTICLE VII.-This act of incorpOr
-e ton may be changed, modified or alter,
Re by a vote of two-thirds of the person
70 owning the issued capital stock of tn
is corporation, at a meeting convened Il
he that purpose, after notice thereof sha
he have been given for thirty days in Il
ne manner provided in Article Five or tn
90 act of incorporation, provided, howeve
Oh that the object and purpose for which tn
- corporation is organized shall not
az changed or altered, or the capital stOC
n of this corporation increased TO an amour
- exceeding the maximum herein fixed,
= decreased to an amount less than the co
=; porate indebtedness, without the consel
. and approval of the stockholders, ownin
-, three-fourths of the issue of the capt.
% stock of this corporation.
Us ARTICLE VIII.-This corporation ms
be dissolved with the assent of the stOc
n holders owning two-thirds of the issue
~ capital stock of the corporation, at a NEE
p ing convened for that purpose, after m