The herald., 1920-05-20
CHARTER OF FLOwEREE. COLE q
REESE, INC.

United States of America, State OF Lou
iSiana, Parish OF Orleans BE il known
that on this 10th day of the month of
April, in the year of our Lord, one thou
sand. nine hundred and twenty, before me
Pierre II. Olivier notary public, duly
commissioned and qualified in and for the
parish and state aforesaid, and in the
pr"Senc" of the witnesses hereinafter
named and undersigned, personally came
and appeared the several persons whose
names are hereuntO subscribed. who de-
clared to me, notary, in the presence OF
the undersigned witnesses, that, ayailing
themselves of the provisions of the laws
of the state of Louisiana, they have mu-
tually agreed and contracted and by these
presents do agree and contract and bind
and Obligate them selves, their heirs and
assigns, and all persons who may here
after become associated with them herein.
to form a corporation under the name and
! for the objects and purposes, and under
| the terms, StipulatiOnS and provisions con
tanned in the following articles to-wit:
ARTICLE 1.-The name of the corpor-
alton shall be "FlOwerpe, Cole & Reese,
Inc"
ARTICLE 1.-THE purposes for which
this corporation is formed are hereby de-
clared TO be as follows:
(a) To engage in and carry on in any
part of the world an insurance agency
business, either as local or general agents
or both, in fire, marine. tornado, casualty,
automobile, plate glass, boiler, elevator, ac
cident health, life, and credit insurance,
and all other kinds of insurance; to
licit and receive applications as agents
for all forms of insurance and to do such
other business as may be delegated by
insurance companies TO local anu general
agents, and 10 conduct a general insur-
ance agency and insurance brokerage bust
ness.
(b) To acquire by purchase. subscrip-
ton. or otherwise. and to hold, sell, as
sign. transfer, exchange, mortgage, pledge,
or otherwise dispose Of any shares of the
capital stock, bonds, or other evidences
Of Indebtedness of any other corporation
or corporations, association or associa-
riOnS. domestic or foreign. engaged in any
business in which this corporation may
be authorized TO engage, or the ownership
of whose securities would be advantageous
or convenient in the protection or promo
ton of any of the purposes or interests
of this corporation, but only TO the ex-
| tent authorized by the laws Of the state
1 of Louisiana.
(c) To carry out all or any part of the
, foregoing objects as agent, broker, fac
| tor or otherwise. either alone or in con-
junction with any person, firm, association
| or corporation, and in any part of the
| world; and in carrying on it's business,
| and for the purpose of attaining or fur
| thering any of its objects, to make and
perform contracts OF any kind and de-
| Scription; to do such acts and things and
| TO exercise any ana all powers as q nat
| form. do. or exercise. provided the same
| be not inconsistent with the laws under
which this corporation is organized.
ARTICLE III.-The capital stock OF
| this corporation is hereby fixed at the
sum of fifteen thousand dollars C$15,O0.OO)
| represented by one hundred and fifty
| 0JO) shares Of the par value of one hun
dred $1,000 dollars each. All Of the stock
shall be common stock. Stock shall be
issued for cash. property or good will
and shall be paid for at such times and
in such installments as the board Of di-
| rectors may direct. No stakeholder in this
corporation shall sell all or any part OF
| his said stock without first giving fiji
| teen U5) days written notice to this
! corporation OF his desire TO sell. This
corporation, upon receiving such notice
| shall allow the other stockholders to pur-
| chase such stock in proportion to their
| respective holdings Of stock in the cor
poration. and such other stockholders shall
have fifteen Q5) days from the date such
written notice is given the company. 70
purchase said stock at the then book value
| of such stock.
| ARTICLE Iv.-The capital stock Of this
corporation may be increased. in accord
| ance with law, to the sum of one hun
dred thousand dollars Q0O.0OO)
| ARTICLE y.-The domicile of this cor
poration shall be in the city of New Or
| leans. state of Louisiana.
ARTICLE VI.-The period Of duration
Of this corporation shall be ninety-nins
| 1907 years.
ARTICLE vII-An the corporate powers
| of this corporation shall be vested in =
board of directors to consist of three (3)
persons. to be elected annually on the first
| day of May Of each year, the directors
so elected to serve until their successors
shall be elected and qualify.
| Two (2) or more members OF the board
of directors shall constitute quorum
for the transaction of business.
The names and post office addresses OF
the directors for the first year who shall
serve until their successors are elected
and qualify. are as follows: Robert T.
Floweree, 1917 IL Marengo street, New
Orleans, La; Ralston s. Cole, 462 Lower
| line street. New Orleans La: Austin u
Reese, 1893 Bordeaux street, New Orleans
La.
The following shall be the officers Of
the corporation, to hold and exercise the1i
offices for the first year, or until their
successors are elected and qualify, to-wit
Cole ice-president; Austin G. Reese, sec
| rotary treasurer.
ARTICLE VIII-The names and post
office addresses Of the subscribers to these
articles of Incorporation, and statement
Of the number of shares to which eacI
has subscribed are as follows:
Robert e. Floweree, 1917 1-2 Marenge
street. New Orleans, La, % shares; Raj
ston s. Cole. 462 Lowerline street, New Or. .
leans, La, % shares: Austin G. Reese, 1o5:
Bordeaux street, New Orleans, La, z
shares. Total. 10 shares.
Thus done and passed, at the city o.
New Orleans, state Of Louisiana. on tins
day and date hereinabove written, ana IN
the presence Of Messrs. Philip 8. Cider.
and Charles E. DUNBAR, Jr., competent
witnesses. who have signed these presents
with the said appearers and me. notary
after due reading Of the whole.
(The original is Signed
r. z. Floweree, Ealston F. Cole, AustlI
G. Reese.
Witnesses:
Philip s. Gidiere.
Il Chas. z. Dunbar. Jr.
PIERRE d. OLIVIER,
Il Ig,h