The herald., 1920-05-20
CHARTER.

and Obligate themselves well as such
persons may hereafter become assocl-
utpd with them, to form and constitute Il
hodV uolitic in law. for the objects ana
purposes and under the agreements aud
stipulati0nS herein following, which they
odnut AS their charter. to-wit:
ARTICLE I.-Th" name Of this "orpor,
,tiuu shall he: The Marine Paint and
y,rni.b company. Incorporated, and shall
bny. corporate existence for the period 0t
ninety nine years from the date hereof. and
shall have and exercise for the purpose
of thr hu>iur>S 10 Ice carried on 10y II, all {
Tho mower, conferred 10y law on similar cor
por;itiunS. including the power TO max"
and use "A corporate seal. and the sam"
10 break and alter at pleasure. to con |
tract sue and Ice sued i'll its corporate |
name. to hold, own. receive, purchase,
ALLEVIATE release, convey, mortgage, ny |
pothrcatp. pledge or otherwise cucumber
property both real and personal, or mixed
To issue bonds. notes and other obligations
for the purpO>" of borrowing money or
ia secure same 10y mortgage or Otherw Isl"
name and appoint such Officers. managers.
directors, agents. and Their employees, as
the interest of TIA" said corporation may
rruuirp aud to suspend or remove same
AT the pleasure of said board: and To ">-
tubli>h such bylaws, rules and regulations
as may he necessary and proper, aud IN"
same 10 alter. amend and abolish nj pleas
ure and generally to do and perform All
such acts as may he proper and ner"s-
Sary 10 carry out aud execute the purposes
of this corporation.
ARTICLE IL TIL" d"miril" of this cor
| purutiun shall Ice ia the city of New Or
leans state of Louisiana. but il may IS
| tHhIi>h and Opcrat" factories. offices ana
| agencies wherever il may deem advisable.
| All citation aud other legal processes
! shall be served on the president ot inns
corporation. or in the event of his abs"n'"
| or inability to act. then upon III" vice
| president or the secretary treasurer of SAID
| corporation.
ARTICLE Ill. The objects for which
| this corporation j. orgauiZrd or the nature
/ of the business To be- carried on 10y II are
hereby declared to be: the general Varni>h
aud paint business III all ITS various
branches and to that end To manufacture
| purchase and sell, all kinds of paints anu
| varniShe>. paint aud varni>h materials ana
ingredients used therefor and Herewith.
all kinds uf oils and oil products. tnr-
prntinrS or its 10y products and all thlilSN
| incidental or pertaining to the manufac-
turr thereof. Also to deal in all manner
of plaSters. lime. glue and all things per
tanning To and connected with or used in
said business or in the decorative arts. a.
well AS decorative material. bronze aud
bronZing liquids of all kinds and d"S"rip-
tiun. ~ well rs dealing in and manufac-
turing glass and glassware. "arthenware
and chemicals and acids. all coal tar pro
durtiOns and pigments. as well as TAR
, ru>in aud generally all kinds OF merchan-
dis"
And also 10 establish aud oprrat" fac
| tories warehouses aud stores, for the
manufacture, >torag" aud sale Of any al
its products and to conduct and carry on
e. | a mercantile business. To purchase. sell
lease and suitcase real estate and the
buildings thereon.
To use aud, operate railroads. tram
} roads. motor trucks. steam conveyance
+ or any other method of COnNeyanceS. III
Guiding aircraft. To use and operate
P watrrcraft Of any Kind nature and t.
} buy. build or leas" any Of the above men
2 TONED methods of conveyance. all in con
i npctiOn with the business of this Sait
- corporation, and generally to do any and
all things not absolutely prohibited u,
4 law thereon.
I ARTICLE Iv.-The capital stock of thi
CORPORATION is hereby fixed at SiOO,OOOW
; four hundred thousand dollars, divided
u into and represented by 1000 shares of tn
p, I par value of (SlOOOO) one hundred dollar
u | each. which shall he paid for in cash. a
provided by law. or may be issued at pa
:. in payment for property actually pur
; cha> ed on the valuation fixed by the boar
= of directors. prior tn its actual purchase
= Which said stock 80 issued shall be issue
full paid and worcestershire. or may d
| issued TO the subscribers thereof on sue
= terms of payment as the board of direc
tors may fix in conformity with the stat
= law governing the subscription and pay
ment of stock.
A. This corporation shall be authorized I
A commence business and he a going con
"A Germ as soon rs 500 10000 or It's StOc
= shall be subscribed for and paid. in til
Al manner direrted by law and which sal
N amount is hereby declared to be sui
Scribed.
p The shares or this stock shall he tran'
ferable only on the books OF this corp.
d alton. and no transfer of stock shall L
D. binding or have any effect upon this 90
poratiOn. unless. and until made upon il
le books; and prior lien on all the share
:, of stock shall be retained by this con
r pany on all the stock of any SharehOld'
D. for any Indebtedness secured or insecure
however evidenced or created, due at an
pS time to this corporation by the holder
ne said stock, and all transfers OF stock sha
be made subject to these conditions.
in ARTICLE V.-Au the corporate power
y of this corporation shall be vested 4
III and exercised by board of seven dire
ts tors who shall each be a stockhOlder
}! this corporation and shall hold In his ow
name at least one share Of full PAID an
III | unpledged stock -Four of said director
Or will constitute Il quorum for the transa
a. ton Of all business, and a majority No
n at any meeting shall decide all question
voted upon.
gu Said directors shall be elected annual
as from the stockholders on the second Tue
IN day in January of each year after Ill
"a notice of said meeting shall nave bee
given to each stakeholder, sent by mail
q his last known address fifteen days pri
to said election. ana all directors sndH
:. | required to file their address OF any cham
ne | thereof with the secretary of this cOrpor
- ton and failure to do shall relic
'n this corporation from any responsible
o. | of the said notice not being properly Il
a. ! livpred and said notice or any other
ha tice required by this charter may be wal
or ed in writing.
vi At the election OF directors and at
~ other meetings of said stockholders {
~ vote shall be by ballot and each share
I haIl no tlaA N
n east by the owner in person or by wr
10 ten proxy. The majority of stock voted
any stockholders meeting shall decide
nd questions voted upon, except as here
ry provided.
~, The officers of this corporation sh
~ | be n president. one or more vice-preSideD
"a | and said board shall also elect a secretar
treasurer, the first board of directors
oil this corporation is hereby declared to
N Mr. Anthony Wizard, Mr.. G. Edward Me
m wether. Mr.. John A. Taylor, Mr.. John
a. COOper Mr.. Hewitt w. Cooper, Mr.. O.
No. c. Bright and Mr.. r. Newton Kearr
IL with the said Anthony Wizard as pre-
Ia dent the said John ID. Cooper as VII
II president. the said G. Edward Meriweth
as vice president, and the said Hewitt
m \ COoper, as secretary treasurer. VIM
;ta said board and officers shall hold IN
biS respective offices until the SECOND Tu
or, day in January. 1921. or until their 81
Isn | cessOrs are duly elected and Qualified,
&c which said date and annually thereaf
the stockholders shall elect board
ot seven directors as herein provided for. q
81 | said board shall within two days az
- their election. elect from among their nu