The herald., 1920-03-04
CHARTER.

carried on by it. are hereby declared {
be- To make and sell and generally {
deal i'll WaterproOtng materials and com
POUNDS 10 subject 10 wuterprootinS pro
ceSSes cotton duck and other material
| ana To sell and generally deal in ia
same: to acquire for stock or othcrWi>
! processes, methods. formulas and patent
| Tor wdt"rprOOuuE. to acquire aud owl
All species OF property, mOyahl" or i'm
! movable, necessary or proper for the pur
/ poses Of the corporation and 10 sell mort
| gage aud dispose Ut the same; and zen
| orally TO do ana engage in any other hU /
! ness, undertaking or enterprise. connect,
| with. growing out of or incidental TO ANY
| Of The purposes hrreinaboyc set forth
| ARTICLE lN.-Ihr capital stock OF said
| corporation Il hereby fixed at the sum @,
fifteen thousand (NljUOu OOi dollars divid.
! ed into six hundred shares, Of the paI
value of twenty-five $4,000 dollars each
which stock shall be paid for in cash or
property, ut such times and in such
amounts aS NAV be- determined upon by
| the Board of Directors. No transfer OF
stock shall be binding upon said corpora
| non unless made upou Tin" books OF ih,
corporati"n. and an certificates of stock
shall be signed 10y such Officers aS may
Ice designated 10y the Board OF Directors
Ihr SAID corporation shall at once hrrom"
and be "a going concern and shall immadi-
itcIy commence business. The said can
Ital stock may b" increased from time to
time 1" any amount not exceeding fifty
thousand t$Io.oooool dollars such increase
hT Re SGT y" ' rGo | &orns % rounr.
of said corporation shall hc vested in and
the management and control OF its affairs
shall hc exercised Icy "a BOARD of Directors.
COMPOSED Of thrc" >to, khoider>. Each di-
rector shall own at least one share ot
stock and shall b" elected annually. hN
the stockholders. by ballot. on the Thurs
day Following the first Monday IN Jauu-
airy: the first election, however. To ho
held within fifteen days from ia" date Of
this charter. Notice of all subsequent
meetings shall be given by mail. addressed
TO each stakeholder. at his last known
place of residence It's shown on the books
Of IN" corporation, said notice to b" mail
ed not more than three weeks nor less
than two weeks before such election and
all clr, ;ion> shall ho held under such rules
and regulations as may b" HNrd 10y tho
Board of Directors. In case of any fail
urc TO hold an election as above provided.
such failure shall not forfeit this char
ter. but an election shall be held as soon
rs may hr practicable after notice as above
provided. Each Board of Directors. at its
mrs. meeting after each election. shall elect
from its number a President and a Vice
President: and shall also elect "A Sccrc-
tary and a Treasurer, who may be- mem
beers OF the board or not. as the directors
-" fit; and both of said offices may be-
held 10y one aud the same person. as See
Rotary ana Treasurer. as may hr deter
mined 10y the Board. \ majority of tn"
directors shall constitute u puorum for
the transaction of all business. and any
va"-H,N occurring on said Board shall h,
diI"d 10y the remaining directors for tie
uuc.p iIcd term. The said Board. or Sdch
officer or manager as il NAV designate.
shall appoint such officers. managers.
clerks aud other employees Of said corpOF-
ailol as may he necessary for it, business
and shall dismiss the same; and the tenure
OF ohlr" ana employment of all officers,
u aIra@cT>. clerks and employees shall he
during the pleasure of said Board. The
said I:onrd shall have the right ANA power
30 buy. sell improve. contract. lcIS' Dor
row mercy. issue ponds and cNEcui" mort
cages. and, in general to exercise all the
powers Of the corporation. as well as To
carry ont its objects and purposes. all
without reference 70 or authorization hN
the stockholders. From time to time said
Board shall adopt rules, regulations and
bylaws for the management and control
OF the business and affairs of said cOrpor-
alton. and. in is discretion. shall cancel.
chang" end modify the same.
ARTICLE VINO subscriber hereto or
stakeholder of the corporation shall ever
be held liable or responsible for the con-
tracts. faults or debts of said corporation !:
nor shall any mere infOrmality in its or
ganizatiOn have the effect of rendering
this charter null or of exposing any sub
scriber or stakeholder TO any liability be
N"nd III" unpaid balance. if any. due on
the shares subscribed for or owned by
him.
ARTICLE VII.-ThiS act of incorpora-
ton may be changed, modified or altered
or said corporation may be dissolved. with
the assent of the holders of two thirds of
IN" stock of the corporation, whose own
crS are present and represented at gen
eral meeting of the holders of stock. after
AT least thirty days written notice of such
meeting has been given through mail
addressed to each stakeholder at his place
of residence. as shown on the books OF
the corporation. In ease of dissolution.
whether by the expiration of this charter
or otherwise. the holders of stock shall
elect three liquidatOrs from among their
VfN n linn IsaNn Il
ness and affairs of the corporation. In
case of death or disability of any of said
liquidatOrs. the survivors. or the remain
ing liqnidatorS. shall appoint successor
hereby given fun power either by court
of law proceedings. or without such pro
ceedingS. as they shall elect. TO collect all
due the corporation, sell or
otherwise dispose of it's assets. pay its
debts and liabilities. and compromise and
settle all disputed questions and matters
and shall have and exercise all other pow
erS necessary and usual to fully and final
ly settle, wind up and liquidate all the
business and affairs of the corporation
and distribute its net assets or funds
among its stockholders in accordance with
their respective rights.
ARTICLE NIII.-The names and post
Office addresses of the subscribers hereto
and the number of shares which each
agrees to take in the corporation are as
follows. tO-wit: Samuel Brook Dickson,
400 Celeste street New Orleans. La, three
hundred and eight shares. $4,000; John
\. O'ConnOr, 429 Celeste street New Or
leans, La. one share. $500: Joseph w.
Carroll. S0l-S Hennen building. New Or
leans, La one share, $500; Mrs. Charles
Dickson, f29 Celeste street, New Orleans
La. two hundred and seventy shares
S6.15Oo0 Mrs. Margaret II. Dickson. 1907
Philip street. New Orleans, La, twenty
shares. 10000.
Thus done and passed, in my Office. on
the day and in the month and year here
in first above written. in the presence of
MeSSrS AZZO J. Plough and Lawrence Vol
lenweider, Jr.. competent witnesses. who
have signed with the parties and me, No
tary. after due reading of the whole.
Witnesses AZZo J. Plough, Lawrence
VOllenweider Jr.
(Original signed) S. Brook Dickson.
}0S shares; Mrs. Chas. Dickson. per Dro
$. Brook Dickson, go shares: Mrs. Mar
garet ID. Dickson, per pro S. Brook Dick;
son, 20 shares; Joseph w. Carroll l share
J ohm A. OCOnnOr. l share.
HENRY G.. MCCALL. Not. Pub.
Certificate of Recorder. !, the under
signed Recorder of Mortgages in and for
he Parish Of Orleans. State of Louisiana |
10 hereby certify that the above and |
'oregOng Act of Incorporation OF the |
Dickson Waterprooting Company, Inc. |
was this day duly recorded in my office |
n Book 1898 folio go.
New Orleans, January 18th. 1920.
(Siuupd Emile IEONtRn