The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-19
CHARTER.

proper or necessary for the purposes of
the business; to act as manufactures 5
agent and purchasing agent of any and all
persons, firms, corporations or assOcla-
lions; to own and operate warehouses and
places for the storage of goods and mer-
chandise of all kinds and generally TO act
as a storage and freight forwarding agent A.;
and generally to carry on ana undertake
any business, undertaking., transaction or
operation commonly carried on or under
taken by merchants, commission men, fac
tors and manufacturers agents ana i'll the
course of such business to draw, accept,
endorse, acquire and sell all or any negOt-
liable or transferable instruments and
credits.
(D Generally to do all and everything
necessary, suitable convenient or proper
for the accomplishment of any of the pur-
poses or of any one of the objects herein
enumerated or incidental to the powers
herein named or which shall at any time
appear conducive or cNpediont to the
protection or benefit of t1e corporation,
either as holders of, or interested in any
property or otherwise, with all the powers
now or hereafter conferred by the laws Of
the State Of Louisiana upon corporations
organized under the laws of this state.
Article ". The authorized capitat stock
of this corporation Is hereby declared 10
be the sum of Five Thousand tS1.OOOOol
Dollars, which capital stock may be III
creased in the manner provided by law.
to the sum of one Hundred Thousand
(SlOOOOO.0O) Dollars. The presently au-
thorized capital stock of this corporation
shall be represented by Fifty (JO) Shares
of the par value of one Hundred (Sl0OOOl
Dollars each. The said capital stock shall
. he fully paid and worcestershire when
issued: shall be represented by certificates
and shall he personal property. No trans
fer of said capital stock shall be binding
upon this corporation unless made in aC-
COrdance with this charter and bylaws
and recorded on the books thereof.
Article '. The business and affairs of
this corporation shall be managed and all
the corporate powers shall be vested in
and exercised by a board of three CD
directors, to be elected from amohg th"
stOCkh elders, a majority of whom either
present in person or represented by
proxy, shall constitute quorum.
The said BoarG shall elect from among
their number President, Vice President,
Il Secretary and Il Treasurer. The office
of Treasurer may be combined with that
of any other office. The Secretary need
not necessarily be a member of the Board
of Directors.
The Board of Directors shall have fun
and complete control of the property of
Z tie company, and they shall conduct. man
age ana use the same as in their discre-
ton they may deem best. if not incOnsist-
ent with the objects of the uVs.nauN and
the welfare of same. The said Board OF
Directors shall have the further power to
make, alter and aunul such bylaws, rules
and regulations for the government of the
corporation as they may think proper.
They shall appoint all agents, clerks or
employees; fix their salaries and cOmpcn-
satiOn, with term of office, with the right
TO dismiss them at pleasure; and the said
4 Board shall have the further right TO fix
and determine the salaries of the several
officers herein provided for.
Any vacancy occurring in the Board of
Directors, either by death, resignation or
/ otherwise, shall be filled by the remain
ing members of said Board for the I'M
expired term, at any meeting of said
Board of Directors.
Article VI. The first Board of Directors
shall be composed of \. ii. Stebbins. whose
pOStoffice address is 1i2S East 69th ST.
/ Chicago, Illinois; W. j. Henderson, whose
| pOstOftiCe address is No. SIG Howard ave
New Orleans La; and Jos. y. StebbinS
whose pOstOfice address Is No. SIC How
ard ave, New Orleans, La, with the fol-
lowing officers, who shall serve until the
first annual meeting of this corporation, rs
hereinafter set forth, and until their sue
I ceSsOrS shall have been duly elected, quail
fled and installed Jos. y. Stebbins PreSi-
1 dent: G. VI. Mcmillan, Vice President; W
/ j. Henderson, Secretary and y. ii. Stcb-
bins, Treasurer.
Said Board of Directors shall serve until
the first meeting of the stockholders for
the election of Directors. or until their
successors are duly elected, qualified and
installed.
Article VII. On the first Tuesday i'm
/ February, 1927, and annually thereafter on
the first Tuesday in February of each year
a meeting of the stockholders Of the cor
. pOTullOu Sudll ne ntlu Ut It's uOulltlle lOI
/ the purpose of electing Directors for the
ensuing year, and at such meeting the
/ stockholders shall have the right of cumu-
/ lative voting in the election of Directors
and at said meeting said stockholders
shall elect said Directors. \ failure for
any cause whatsoever 10 hold the annual
meeting Of the stockholders. or the failure
TO elect Directors thereat shall not dissolve
the corporation. but the Directors and
officers then in office shall remain in
office until their successors shall have
been duly elected, qualified and installed.
Article VIII. This charter may be
I amended and the capital stock of this cor.
/ poration may be increased or decreased
or this corporation may be dissolved il
/ the method and manner provided by law
Article IN. No stakeholder of this cor,
I pOratiOn shall ever be held liable or re-
. SpOnsible for the contracts or faults OF
this corporation in any further sum than
the unpaid balance of stock for which ht
, has subscribed, nor shall any mere in
! fOrmality in organization have the effec
of rendering this charter null or of ex
| posing stockholders to any liability other
than as above provided.
Thus done and passed in my office al
the City of New Orleans, Louisiana, oil
the day, month and year first hereinabov,
written, in the presence of Edward l.
SZabary and Roberts c. Milling, competent
| witnesses, who hereunto sign their name.
with said appearers and me, Notary, after
due reading of the whole.
Name, Postoftice address and number OF
shares subscribed: J. n. Stebbins, 81,
Howard ave, New Orleans, La. shares
A. Ii. Stebbins, per ]. n. Stebbins, 1i2,
East Goth ST., Chicago, Illinois, 20 shares
| W. j. Henderson, SIC Howard ave, New
| Orleans, La, l share.
Witnesses: L. l.. Szabary, Il. c. Milling
r. Ii. Saal, Notary Public
1, the undersigned Recorder of Mort
cages, in and for the Parish of Orleans
State of Louisiana, do hereby certify thai
the above and foregoing Act of IncOrpor
alton, of The Stebbins Co., Inc, was thi.
day duly recorded in my office, in BoOl
| 1912, folio CAS-, New Orleans, July 9th
1920. (Signed) Emile ]. Leonard, by
Rec. true copy. New Orleans, La.
August 3rd, 1920. X. II. Saal, Notary Pub
| lie
Aug. 5-Sept. o.
CHARTER OF KILPATRICK-HAY
COMPANY, INC.