The herald., 1920-05-27
CHARTER.

and obligate themselves as well as such
persons as may hereafter become aSSOci-
ated with them, to form and constitute
! body polite in law, for the objects and
! purposes and under the agreements and
Stipulations herein following. which they
adopt aS their charter, tO-wit:
! ARTICLE 1.-The name OF this corpor-
alton shall be: The Marine Paint and
NarniNh Company. Incorporated, and shall
have corporate "Ai>trnc" for the period of
| ninety nine years from the date hereof. and
| shall have and exercise for the purpose
| of the business To hc carried on by it, all
the powers conferred by law on similar cor
| pOratlOnS, including the power TO max"
| and use a corporate seal. and the same
| to break and alter at pleasure, To con
! tract, sue and he sued in its corporate
name: to hold. own, receive purchase.
! alternate. release. convey. mortgage. by
! pOthcratc. pledge or otherwise cucumber
property both real and personal or mixed
! to ISSUE bonds. notes aud other obligations
| for the purpose of borrowing money ar
| To secure same 10y mortgage or otherwise.
| name and appoint such Officers. managers
directors, agents, and Their employees. as
| Ia" interest of the said corporation may
| require. and To suspend or remove same
| al the pleasure of said board and to ,.S-
| tabliSh such bylaws, rules aud regulations
| as may be- necessary and proper and the
| same to alter. amend and abolish ut pleas
urr, and generally to do and perform all
| such acts as may be proper and nrc.S-
>Hry to carry out and execute tn" purposes
| of this corporation.
| ARTICLE 1.-THE domiclr of this cor
puratiun, shall be in til" city of New or
] leans. state of Louisiana, but il may rS-
tahli>h and operate factories. offices and
agencies wherever IL may deem advisable
All citation and other legal processes
| shall Ice served on the president " this
corporation. or in the event of his absence
or inability 10 act, then upon the vice
president or the secretary treasurer of said
rUruOrIf
| ARTICLE III.-Thc objects for which
this corporation i organized or the nature
of the business To he carried on by il are
J hereby declared to he. the general YarniNh
and paint business in all its various
branches, and to that end To- manufacture.
purchase and sell all kinds of paints and
varni>heS. paint and varni>h materials and
| ingredients used therefor and Herewith
all kinds of oils and oil products. tur-
prntineS or its 10y products and all things
incidental or pertaining to tn" manufac-
ture thereof. Also to deal in all manner
| of plaSterS. lime glue aud all things per
tanning to and connected with or used in
said business or in the decorative arts. a.
well as decorative material, bronze and
brOnZing liquids of all kinds and deScrip-
tion, aS well as dealing in and manufac-
turing glass and glassware. earthenwarr
and chemicals and acids, all coal tar pro
auctions and pigments. as well rs tar.
ro>in and generally all kinds OF mrrchan-
disc.
| tories. warehouses and stores for the
manufacture. storage and sale Of any of
its products and to conduct and carry on
mercantile business. To purchase. sell.
| lease and suitcase real estate and the
buildings thereon.
To use and operate railroads. tram
roads. motor trucks. steam cOnveyancrS
or any other method Of cOnveyanceS. in
Guiding aircraft. To use and operate
watercraft of any kind or nature and TO
buy, build or lease any OF the above men
toned methods Of conveyance. all in con
nectiOn with the business of this said
corporation, and generally TO do any and
all things not absolutely prohibited by
law thereon.
ARTICLE Iy.--The capital stock of this
corporation is hereby fixed at 800 900 M
four hundred thousand dollars. divided
into and represented by 1000 shares of the
par value of tS1O0.OO) one hundred dollars
each. which shall be paid for in cash. as
provided by law, or may be issued at par
in payment for property actually pur-
chased on the valuation fixed by the board
of directors. prior TO its actual purchase
Which said stock so issued shall be issued
full paid and non -aSsessable or may he
issued to the subscribers thereof on such
terms of payment as the board of drec-
tors may fix in conformity with the state
law governing the subscription and pay
mpnt of stock.
This corporation shall be authorized IL
commence business and be n going con
Germ soon as 500 10000 or It's stock
shall he subscribed for and paid. in the
manner directed by law and which said
amount is hereby declared to be sub
! Scribed.
The shares OF this stock shall be trans
ferable only on the books OF this corpor
alton. and no transfer of stock shall be
binding or have any effect upon this cor.
poratlon. unless. and until made upon its
books and prior lien on all the shares
{ of stock shall be retained by this com
. pany on all the stock of any shareholder
for any Indebtedness secured or unsecured
however evidenced or created. due Mt any
q time to this corporation by the holder OF
/ said stock. and all transfers Of stock shall
: be made subject to these conditions.
2 ARTICLE V.-An the corporate powers
of this corporation shall be vested in
and exercised by board of seven direC-
tors who shall each be stakeholder OF
this corporation and shall hold in his own
name at least one share Of full paid and
unpledged stock. Four of said directors
Will constitute quorum for the tranSac.
ton of all business. and a majority vote
at any meeting shall decide all questions
. | voted upOn.
Said directors shall be elected annually
= from the stockholders on the second Tues
day in January of each year after due
notice of said meeting shall have been
: given to each stakeholder. sent by mail t.
his last known address fifteen days prior
! to said election. and all directors shall b.
| required to file their address OF any change
= thereof with the secretary of this corpora.
ton and a failure to do shall relieve
5 this corporation from any responsibility
, of the said notice not being properly de.
? livered, and said notice or any other no.
tice required by this charter may be waiv.
r ed in writing.
At the election OF directors and at al
2 other meetings of said stockholders the
r vote shall be by ballot and each share OF
stock shall be entitled to one vote to bt
= east by the owner in person or by writ
= ten proxy. The majority Of stock voted nj
any stockholders meeting shall decide al
questions voted upon, except as herein
2 provided.
The officers of this corporation shall
be a president. one or more vice-preSidents
+. and said board shall also elect a secretary
D treasurer. the first board of directors OF
D this corporation is hereby declared to be
I Mr.. Anthony Wizard, Mr.. g. Edward Meri
lwether, Mr.. John 4. Taylor Mr. John ID
| Cooper, Mr.. Hewitt W. Cooper. Mr.. Geo
= G.. Bright. and Mr.. +. Newton Kearny
. with the said Anthony Wizard as presi
dent. the said John ID. Cooper as vice
, president. the said G. Edward Meriwethpr
= as yice-president, and the said Hewitt w
Cooper, as secretary treasurer. Which
= said board and officers shall hold thei
day in January, 1921, or until their sue
p ceSSOrs are duly elected and qualified. a
$ which said date and annually thereafter
4 the stockholders shall elect board o.
D seven directors as herein provided for, and
{ said board shall within two days aftel
their election elect from among their mum
Der a president. one or more vice.presi
dents. and said board shall elect a spcre
tary treasurer who NAV NAV not n,