The herald., 1920-01-15
CHARTER.

the successful conduct of the business
herein contemplated, and if need be Oh
considered desirable to lease, own, charter
and, or operate steam vessels and, or
sailing vessels to transport the merchan-
disc dealt in or manufactured by this cor
poration, or any other individual or com
pany.
ARTICLE IV.-The capital stock of this
corporation shall be fifty thousand $50
OO0OO) dollars, divided into and repre-
scented by five hundred (JO0) shares of
the par value of one hundred ($lOO.0O)
dollars each, which shall all be common
stock, fully paid and worcestershire.
No stakeholder shall sell or otherwise
dispose of his stock without first offering
IL III writing 10 the body of stockholders
through the Board of Directors, at its
book value, and the stockholders shall
have fifteen days within which TO accept
or reject such offer before same may be
offered and sold on public market.
The capital stock of this corporation may
be increased to the sum of two hundred
ana hfty thousand (S2jOOOO.OO dollars, as
provided by law.
This corporation shall be and become n
going concern on aud after January ],
1870. and after fifty per cent of its capital
stock shall have been subscribed and
paid for.
ARTICLE All the corporate powers
OF this corporation shall be vested in and
exercised by Board of Directors to be
composed Of five stockholders, three OF
whom shall constitute a quorum.
The Board of Directors shall be elected
annually on the Tuesday after the first
Monday in January in each year at a
meeting of the stockholders held on that
day. All elections shall be by ballot and
each stock holder shall be entitled to one
vote for each share of stock standing in
his name on the books of the corporation.
this vote TO be cast in person, or by writ
ten proxy. Failure to select the Board OF
directors as herein provided shall not
WORK forfeiture of this charter, but the
Oh Board OF Directors shall remain in
office until their SUCCESSORS are duly
elected and qualified
Any Director who is not able to attend
at any meeting of the Board has the right
70 appoint IN writing. another member
or the Board to act as his proxy.
The officers OF this corporation shall he
PRESIDENT, Vice President and Sec
rotary and Treasurer; any two of the
oifices, excepting that of President, may
be combined. The first Board on Dire
tors to serve until the Tuesday aftar tho
nrst Monday in January, 1921. or until
thelr successors are duly elected and
4uaiified, shall consist OF NJ. Augustus
Davis residing at st. Charles Hotel, New
orleans; Arthur J. Comila, OF No, 1912
Saint Charles Avenue New Orleans. FeIjx
v Bruen, of No. a6O3 Milan Street. New
orleans; Emile n. Cornay, of No. I737
Pine Street, New Orleans; and Bufored
VI. Myers OF No. 401 Arabella Street.
New Orleans: of which NJ. AupuStus Dayi.
snail be president; Felix V. Bruen shat,
De hlce-President, and Emile n. Cornav
shail be Secretary Treasurer.
ANY vacancy in the Board of Directors
may De nlled by the remaining Directors
Vi sdlu board from among the stockhoId-
trs. The Board OF Directors shall boya
the power and authority, by proper reso-
lntlon, 10 sell. mortgage hypothecate and
PIE any kind OF property owned BY
!he corporation, either in whole or in mart .
10 purchase, lease and otherwise ocnnire
any property for the corporation: 70 nal.
Iodns' borrow money, issue notes and
other obllgations the same in any manner
permitted by law; in fact it shall have
A. eee eFcIse an the powers conferred by
ARTICLE NI.-This act of incorno-o-
sion may be amended, altered or modi-
neu, or The corporation dissolved nj any
tiine by complying with the provisions NJ
the laws of this state VI
ARTICLE VII.-At the exnira,ion ~ ,hi.
'harter, or the earlier dissolution Of mi.
corporation, its affairs shall be Inundated
Dy two commissioners to be elected h,
lne stockholders. In accordance with law
anu sal1 commissioners are hereby vested
win inlI power and authority to sell any
ana all assets and property, real personal
anu mixed or this corporation, and n
convey full and complete title tbereo and
70 DO and perform all, every and any aci
M aSts essential to full and complete
llquluatlon or this corporation and To die
tribute the proceeds. IL any. In the even,
oi the death. inability or resignation n,
either or said commissioners, the survivo,
snaIl continue to act and be likewise In.
ed. ihehlioh
ARTICLE VIII.-The appearers bov.
subscribed to the number of shares SO,
opposite their respective names. and thei,
signatures hereto shall constitute the ori
RtWaNs
OF this corporation. '''1
Thus done and signed in nv office n,
the city Of New Orleans, on the day
nontn ana year, herein first before writ
Ten In the presence of Messieurs Charlie,
Leblanc and Frank t. DOYLE. comnetan,
male witnesses, of age. and residants u,
tnis Parish, who have signed these pres
ents with the said appearers and me
N9tary, after due reading of the whole
IN Witnesses: Charles Leblanc and Franz
Original signed) NJ. A. Davis osr
snares Z. N. Cornay, 60 shares. r M
Myers 20 shares; A. J. Gomila. GO shares
b. V. Bruen, 90 shares.
JOSEPH SINAI.
a. Notary Public
cages, in and for the Parish of Orleans
state or Louisiana, do hereby certify tha,
the above and foregoing Act of Incorpo
T En OF the Globe Supply and Machinery
dniv eorporated, was this day
Folio =. ~" DooA LOS
,oI New Orleans, Louisiana. December -
tSigned) EMILE J. LEONARD. DIV. r.
l certify the above and foregoing to bs
a true ana correct copy of the origina
Act OF incorporation Of the Globe Supply
ana Machinery Company Incorporated
together with the certificate of the Re
corder OF Mortgages thereto appended ant
on ne In my notarial office.
(Signed)
JOSEPH SINAI,
~ Notary Public
AMENDMENT TO CHARTER OF GRAN