The herald., 1920-01-29
CHARTER.

the successful conduct of the business
herein contemplated, and IL need be OIL
considered desirable to lease. own, charter
and, or operate steam vessels and, or
sailing vessels TO transport the merchan-
disc dealt in or manufactured by this cor
pOration, or any other individual or com
pany.
ARTICLE IV.-The capital stock OF this
corporation shall be fifty thousand $50
OO0.OO) dollars, divided into and repre-
scented by five hundred 5000 shares OF
the par value of one hundred ($l00.00)
dollars each, which shall all be common
stock, fully paid and non assessable.
No stakeholder shall sell or otherwise
dispose of his stock without first offering
il in writing to the body of stockholders
through the Board of Directors, at its
book value, and the stockholders shall
nave hfteen days within which to accept
or reject such offer before same may be
offered and sold on public market.
The capital stock Of this corporation may
be increased to the sum of two hundred
and fifty thousand $3.50. 100000 dollars, as
provided by law.
This corporation shall be and become a
going concern on and after January l.
1920, and after fifty per cent of its capital
stock shall have been subscribed and
paid for.
ARTICLE VAN the corporate powers
or this corporation shall be vested in and
exercised by a Board of Directors to be
composed of five stockholders, three OF
whom shall constitute a quorum.
Inc Board Of Directors shall be elected
annually on the Tuesday after the first
Monday in January in each year at a
meeting OF the stockholders held on that
day. All elections shall be by ballot and
each stock holder shall be entitled to one
vote for each share Of stock standing in
his name on the books of the corporation,
TINS vote to be cast in person. or by writ
ten proxy. Failure to select the Board on
dAA A.II
work forfeiture of this, charter, but the
old Board of Directors shall remain in
office until their successors are duly
elected and qualified
ANY Director who is not able to attend
at any meeting of the Board has the rich,
10 appoint, In writing, another member
OF the Board to act as his proxy.
Inc otcers OF this corporation shall be
PRESIDENT, Vice President and a Sec
rotary and Treasurer; any two Of m.
offices, excepting that of President. NAV
De combined. The first Board Of Direc.
Tors 10 serve until the Tuesday after the
iirst Monday In January, 1921, or until
oneir successors are duly elected and
Davis, residing at st. Charles Hotel. New
orleans; Arthur ]. Comila, of No 1919
Saint Charles Avenue, New Orleans. FeI;~
v. Bruen. of No. 1908 Milan Street, New
dreams; Emile N. Cornay, of No. 1737
Pine Street, New Orleans; and Rnfored
NJ Myers. Of No. 401 Arabella Street
New Orleans; of which NJ. Augustus Davis
snail De president; Felix " Bruen sb.I,
De nice-President, and Emile AZ. Cornav
shaii De Secretary Treasurer.
any vacancy in the Board of Directors
may be filled by the remaining Directors
OF said Board from among the stockboId.
eIs' Inc Board of Directors shall have
,ne power and authority, by proper reso.
,ueion, 10 sell, mortgage, hypothecate and
pledge any kind of property owned hu
the corporation, either in whole or in mart
10 purchase, lease ind otherwise acnnirs
any property for the corporation: TO max.
Ioans' borrow money, issue notes and
Uener oongations the same in any manner
ana exercise all the powers Conferred NV
Act 267 Of 1914. ieieo ny
ARTICLE VI.-This act of incorno,o.
tion may be amended, altered or nod,
n .., or the corporation dissolved at any
time by complying with the proyiSons .,
the laws of this state. VI
ARTICLE VlI-At the expiration of tbi.
Cnarter, or the earlier dissolution of tbi,
corporation, its affairs shall be liouidateS
ny Two commissioners to be elected h,
and said commissioners are hereby yestsd
with inll power and authority to sell any
ana all assets and property. real nersona
anu mixed or this corporation, and Z,
convey Iuli and complete title thereo. and
20 90 and perform ALL every and anv ac,
or acts essential to a full and comn,at.
ilquldation OF this corporation. and TO dis
tribute the proceeds, IL any. In the even,
OF the death. inability or resignation o.
e ehd OF said commissioners, the survivor
vested with all the powers herein mention
ed. ei" mention
ARTICLE vIII.-The appearers h.v,
subscribed to the number Of shares ~
opposle their respective names, and tbei,
signatures hereto shall constitute tho al
ginai subscription list to the capitsi stoc.
OF this corporation '''e'
Thns done and signed. in my office n,
the City Of New Orleans, on the Jax
tao ana year. herein first before writ
Leblanc and Frank T. Doyle, competent
male witnesses. OF age, and residents n,
this Parish, who have signed these nras
ents with the said appearers and me
N9taty, after due reading Of the whole
T. Doyle anu Hrani
Original SigneD NJ A. Davis. est
shares; E. N. Cornay, 90 shares: n NJ
Myers 90 shares: A. J. Gomila. GO shares
JOSEPH SINAI.
4, the undersigned, Recorder of Mort
cages, in and for the Parish of Orleans
State OF Louisiana, do hereby certify tina,
.ne ABOVE and foregoing Act of Incorpo
rstion OF the Globe Supply and Machiner,
Company, Incorporated, was this S.y
9uiy recorded in my office in Book 1888
,oi New Orleans. Louisiana. December -
lSigned) EMILE J. LEONARD. DIV. r.
certify the above and foregoing to h,
a true and correct copy of the origins
ACT or Incorporation Of the Globe SuppI,
and Machinery Company, INCORPORATED
together with the certificate of the Re
corder OF Mortgages thereto appended AND
| on file in my notarial office
(Signed)
JOSEPH SINAI.
| Dec. 25-Jan. 10Th.