The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-22
CHARTER OF NATIONAL FLOORING
COMPANY, INCORPORATED

United States of America. State of Lon
iSiana, Parish of Orleans City of New Or
leans. Be it known, that on this 2Jtt
day of the month of March, in the year
of our Lord one thousand nine hundred
and twenty, before me. John J. Kelley, a
notary public in and for the parish of Or
leans. state of Louisiana, duly commission
ed and qualified, and in the presence OF
the witnesses hereinafter named and I'M
dersigned. personally came and appeared
the several persons whose names are here
unto subscribed, who declaring that desir
ing TO form corporation under the laws
of the state of Louisiana, and particu-
larly Act 267 of 1914, they have covenanted,
agreed and bound themselves and such
other persons as may hereinafter join
with them and their successors to form a
ditions and stipulatiOns, which the said
appearers hereby adopt as their charter,
to-wit:
ARTICLE 1.-The name of this corpor-
alton shall be National Flooring Com
pany. Incorporated" and under such name
IL shall have power and authority to con-
tract, sue and be sued, to have a cOrpOr-
ate seal, to hold, receive, purchase, alien
late, sell, mortgage. pledge. hypothecate
property. real, personal or mixed, to make
and issue bonds, to borrow and lend
money, and to give the necessary security
therefor: to make and establish bylaws.
rules and regulations for the manage
ment of its affairs as may be deemed
necessary and proper. and generally shall
have and possess all the powers, rights,
privileges and immunities which cOrpOr-
ations are and may hereafter be author
lied to possess under the constitution and
laws of this state, and particularly Act
267 of 1914: il shall have power to vest in
its board of directors all Of it's corporate
powers, subject only to such restrictions
as may be named in this charter.
ARTICLE II-This corporation, unless
sooner dissolved. shall exist and continue
for a period of ninety nine years from
and after the date hereof. Its domicile
shall lie in the city of New Orleans, where
all citations or other legal process shall
be served upon the president, or in his
absence on the secretary of the company.
ARTICLE III.-The objects and pur-
poses for which this corporation is or
ganized. and the business to be carried
on by it, are hereby declared TO be:
To buy and sell lumber. in wholesale
or retail lots, and from the raw material
to engage in the manufacture of lumber
in all of its branches, and generally to
connected with, growing out of, germane
or incidental to any of the purposes here
inabove set forth or contemplated by the
charter.
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed at seventy
ve-thousand dollars. divided into seven
hundred and fifty shares, at the par value
of one hundred dollars each, and all of
said stock is to be common stock; said
stock shall be paid for in cash or labor
done or property actually received. This
corporation shall have the right to COM
mence business when fifty per cent of its
capital stock shall have been subscribed,
and the right is reserved to increase the
amount of its capital stock up to the sum
Of two hundred thousand dollars. All
transfers of stock shall be made on the
books of the company on the surrender
of the outstanding certificates and pur-
suant to such rules as the board of di-
rectOrs may prescribe.
ARTICLE V.-The business of this cor
poratiOn shall be managed, and all of the
corporate powers shall be vested in a
board Of seven directors. four of whom
shall constitute a quorum for the trans
action of business, to be elected from