The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-13
CHARTER.


ated with them, to form and constitute a
= bodE pOlltlc i'll law, for the objects and
, purposes and under the agreements and
u StipulatiOnS herein following which they
adopt as their charter. tO-wit:
ARTICLE 1.-The name of this corpor-
. alton shall be: The Marine Paint aud
Narni>h Company. Incorporated. and shall
nave corporate existence for the period of
4 ninety nine years from the date hereof, and
snail nave and exercise for the purpose
q OF the business to be carried on by il. all
: the powers conferred by law on similar cor
, p"rail"n>. including the power to make
ANA Use a corporate seal. and the same
to break and alter at pleasure TO con
tract, sue and b" sued in its corporate
, name. TO hold own. receive. purchase.
. aIIrhat'' Release. convey, mortgage. by
pothccatc. pledge or otherwise cucumber
property both real and personal or mixed ..
I" ISSUE bonds. notes and other obligations
Tor the purpose of borrowing money or
10 secure sam" by mortgage" or otherwise:
name ana appoint such Officers. manager
directors, agents, and Their employees as
! the interest az the said corporation may
| require. ana To suspend or remove same
81 the pleasure of said board aud to eS-
tahlI>h such bylaws, rules aud regulations
as may h" necessary and propar and the
! same 10 alter. amend and abolish at pleas
ur". and generally to do and perform all
| Su'h acts as may be proper and neccS-
! SarN TO carry out aud execute the purpOseS
Of this corporation.
! ARTICLE 1.-THE dnmiciIr of this cor
| p"rhtl"n, shall be in the city of New Or
| leans. state of Louisiana. but it NAV p>-
'doilNh ana operate factories offices and
agencies wherever it may deem advisable
All citation and other legal prOceSSp,
snail he served on the president of this |
corporation, or in the event of his absence /
or inability {" act. then upon the vice
president or tn" secretary treasurer of said |
corporation
ARTICLE III-The objects for which
TINS CORPORATION i a..
OF the business to be carried on bv IL ors
hereby declared 10 be: the general varnish
ahd paint business in all its various
branches, and To that end to manufactures
purchase and sell. all kinds of paints and
NarniShe>. paint and varni>h materials and
ingredients used therefor and thprewith |
all Kinds OF oils and oil products. tur-
p"ntine> or its 10y -productS and an tbiu,rs |
incidental or pertaining to the manufar-
'ur" thereof. Also TO deal in all manner
OF plaSterS. lime. glue and all things nor
tanning 10 and connected with or used in
Sdlh business or in the decorative arts -,
well aS decorative material bronzn ,nd
bfohZlnG liquids of all kinds and deSrrin- /
tIon, as well as dealing in and manufac-
turing glass and glassware earthenware
ana chemicals and acids all coal tar prn
ductionS and pigments as well rs far
disc. N''"
And also {" establish and operate fac
tories. warehouses and stores for tho ;
t''''"'i'' 'uI'" NloTdBf ana sale of of ,
It's products and to conduct and carry on
Il mercantile business TO purch.,n >cII '
lease and suitcase real estate and tho !
buildings thereon.
I" use andl operate railroads tram.
ROADS motor trucks. steam cOnveyanccs I
'luding aircraft. To use and on.r,ta ,
"aiercratt of any kind or nature and To ?
DuN, build or lease any OF the above men n
ioItu HethodS OF conveyance. all in con 81
no I'm.
corporation, and generally to do any and
il things not absolutely prohibited by
aw thereon.
ARTICLE IV.-The capital stock of this -
orPorall"n Is hereby fixed At S4O0 900 90
our hundred thousand dollars divided
htO and represented by 1000 shares of Tho
'ar Naiue OF (SlOO.OO) one hundred dollars
ach. which shall be paid for in cash as =,
'roIlded by law, or may be issued at par y,
u payment for property actually nur- ~
hased on the valuation fixed by the boa rd | VI
directors. prior to its actual purchase Nv
men SAID stock so issued shall br issued ~
un pdIu ana non -asSe>Sable or may he r.,
'Hueu 10 the subscribers thereof on sucb =,
rms OF payment as the board of direc- ~
DrS may fix in conformity with the state ~
Nv governing the subscription and nav ~
rent of stock. ne
This corporation shall he authorized to a ar
Dmm"nce business and be a yoiu., con -,
'rn as soon aS S2OOOOO.OO or lis stock Of
laIl be subscribed for and paid in the tb
ahher directed by law and which said ii,
ribbed u"
The shares OF this stock shall be trans Ia
rahle only on the books of this cornor 50
ION ana no transfer of stock shall b. wi
hdlnS or have any effect upon this cor. 20
'ralloh. unless. and until made upon its an
)okS' ana prior lien on all the shares fol
stock shall be retained by this com
my on all the stock of any SHAREHOLDER c.,
49, n'ii,e>S secured or unsecured tn,
,Me.cr evidenced or created, due at any il
me 10 TINS corporation by the holder of | Tor
III stock, and all transfers OF stock shall Inn
made subject To these conditions nri
AhilCLE N.-AII TIE corporate powers pO
TINS corporation shall be vested in he
~ eAsrclsed by a board of seven direc- MAJ
rs VINO shall each be a stakeholder of alt
Il corporation and shall hold in his own oh:
me at least one share of full paid and 9th
lnIedged stock. -Four of said directors or
~ constitute quorum for the transac- pei
'h OF all business. and a majority vote evi
any meeting shall decide all questions sue
ted upon. ma,
Said directors shall be elected Annually am
pIil the stockholders on the second Tues APP
y III January of each year after dine Sha
nee or said meeting shall nave beer ere
ven 10 each stakeholder. sent by mail to the
ESt known address fifteen days prior A
SAID election, and all directors shall be nor
luired to file their address Of any change cir,
=, - - ~ Hc'It'arH OF inns corpora cit;
III ana failure so to do shall relieve Sar
Is corporation from any responsibility CO.,
the SAID notice not being properly de-
cred. and said notice or any other no y
g required by this charter NAV he woiv pos
in writing. ed
N the election of directors and at all Il
Ter meetings of said stockholders the pro
% shall be by ballot and each share of Ne,
OK shall be entitled to one vote TO ne to
u by the owner in person or by writ and
proxy. The majority of stock voted nj real
Sl"ckhOlderS meeting shall decide ALI in
'Sil"ns voted upon, except as herein to
'vided wv" the
he Officers of this corporation shall Sr
q president one or more yice-preSidents sue
said board shall also elect a secretary men
tSurer. the first board of directors or -,
corporation is hereby declared 70 no mr.
Anthony Wizard. Mr.. G. Edward Neri fart
her. Mr.. John 4. Taylor. Mr.. John u Soil
per. Mr.. Hewitt W. C0oppr. Mr. Geo furr
Fright. and Mr.. T.. Newton Keornr and
u the said Anthony Wizard as Dresi | kind
T. the said John H. Cooper rs Woo ma
>ident. the said c. Edward Meriwpther. Guir
wee president and the said Hewitt w dry
per as secretary treasurer Which pece
rard and officers shall hold their | oyer
4; olres untll the second Tues veni
In January. 1927. or until their suc- for
ors are duly elected and qualified ar sam,
en- said date and annually thereafter WAS
stockholders shall elect n hoard Of ,
n directors as herein provided for. and al
board shall within two days after or
election. elect from among their num Vi u
a president ono mr. ,,nro - nun, hu'ii repr'
IS and said hoard I'LL s'e'Presf hunt
treasurer. who NAV or may NJ. no N"ii'