The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-01
CHARTER OF NATIONAL FLOORING
COMPANY, INCORPORATED.

United States of America, State "f Lon |
isiana, Parish of Orleans. city of New or
leans Re il known, that on this 10Th
day of the month of March, in the year
of our Lord one thousand nine hundred
and twenty. bcfOT" me, John j. Kelley,
notary public in and for the parish OF or.
leans state of Louisiana. duly commission.
ed and qualified. and in the presence of
the witnesses hereinafter named and I'M
dcrSigned. personally came and appeared
the several persons whose names are here
unto subscribed, who declaring that deSir-
| ing t,taOrm Il corporation under the laws
of the state of Louisiana. and raru'u-
| larly Act 261 of 1914. they hdv" "oVenanted,
| agreed and bound themselves >and such
other p,rSonS as may hereinafter join
| with them and their successors To form Il
| corporation upon the following terms. con
| ditions and StipulatiOns. which the said
| appparcrS hereby adopt a. their charter
4 to wit
| ARTICLE 1.-The name of this cOrpOr-
| alton shall be National Flooring Com
| pany. Incorporated" and under such name
| il shall have power and authority TO con
| tract sue and he sued. to have a cOrpOr-
| ate seal 10 hold. Receive, purchase. alien
| late. sell. mortgage. pledge hlpoth"cat"
| property. real. personal or mixed. 10 make
| and issue bonds. to borrow ana lena
| money, and to give the necessary security
| therefor: to make and establish 10y laws.
| rules and regulations for the manage
mcnt of its affairs as may b" deemed
! necessary and proper. and generally Shall
| have and possess all TIA" powers rights.
privileges and immunities which rorpor-
| atioI.S are and may hereafter b" author
lied to possess under th" constitution ana
laws of this state. and particularly Act
20 of 1914: il shall have power 10 vest III
its board of directors all of its corporal"
powers. subject only to such restrictions
rs may be- named in this charter.
| ARTICLE I.-ThiS corporation. unless
| sooner dissolved. shall exist and continu"
| for period of ninety-ninc years from
and after the date hereof. Its domicile
aA-l.. -lNaar.
all citations or other legal process shall
be served upon the president, or in his
absence on the secretary of the company
| ARTICLE III.-Thc objects and pur-
poses for which this corporation is or
+ ganizcd anti III" business 10 he carried
on by il. are hereby declared to be:
o. To buy and sell lumber. in wholesale
or retail lots, and from III" raw material
to engage in the manufacture OF lumber
in ali of its branches, and generally to
do and engage in any other business
connected with, growing out Of. germanc
A or incidental 10 any Of the purposes here
inabOve set forth or contemplated by the
: charter.
ARTICLE IV.-The capital stock OF this
= corporation is hereby fixed at seventy
: five-thousand dollars. divided into seven
: hundred and fifty shares, mt the par value
;. | of one hundred dollars each, and all OF
4 | said stock j. TO he common stock: said
/. stock shall he paid for in cash or labor
d done or property actuallS received. lhl'
A
a mence business when fifty per cent or NJ
8 capital stock shall haze been subscribed
h and the right is reserved to increase The
e amount of its capital stock up 10 the sun
IT OF two hundred thousand dollars. Al
20 transfers of stock shall be- made on IN
v books of the company on the Surrende
of the outstanding certificates and pur
r suant to such rules as the board of di
l. rectOrs may prescribe.
q ARTICLE V.-The business of this cor
poratiOn shall be managed. and all OF IN
* corporate powers shall he vested i'll
III board of seven directors. four OF whoT
al shall constitute Il quorum for the trans
action of business. TO he elected 1roi
n, among its stockholders nj meeting Gale
e. for that purpose. The board of director
!, shall elect from among their number
r. | president. two vice presidents. Il Sccrt
al tnrv and a treasurer. The board OF dire'
Id tors shall have full and complete contr'
nj ! of the business affairs and property
~ this CORPORATION, and they shall manag
r | conduct and use the same aS III their dl'
erection they may deem beSts with pow
n or to appoint all agents. clerks and EN-
~ pIoyeeS and TO fix their compensation
nj ANY vacancy occurring on the board {
al directors shall he filled by the remainin
of members of the board for the uneNplre
D. term. = ,
es ARTICLE NI.-The first board OF d
RS rcctorS of this corporation is hereby fiNe
on at seven in number and shall be con
10 posed of: Robert II. Lofts. William
he LOFTS EvertOn VI. Schlrgta David Slv'
ed wright. Claude HOrtman. J. W. lortmaI
cs and G. IL. BenckenStein, all of New %