The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-08
CHARTER.

the successful conduct of the business
herein contemplated, and il need be OF
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 $3.50
OO0.OO) dollars, divided into and repre-
scented by five hundred 5000 shares of
the par value of one hundred ($l00.00)
dollars each, which shall all be common
stock, fully paid and non assessable.
No stakeholder shall sell or otherwise
dispose of his stock without first offering
ii in writing to 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
and fifty thousand $3.50, 100000 dollars, as
provided by law.
This corporation shall be and become n
going concern on and after January J.
1920. and after fifty per cent of its capital
stock shall have been subscribed and
paid for.
ARTICLE y.-All the corporate powers
of this corporation shall be vested in and
exercised by a Board of Directors to be
composed of five stockholders, three OF
whom shall constitute quorum.
The Board of Directors shall be elected
annually on the Tuesday after the first
Monday in January in each year ut q
| 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 tn,
| old 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
10 appoint, in writing, another member
OF the Board to act as his proxy
| The officers of this corporation shall b,
! a President, a Vice President and a Sec
rotary and Treasurer; any. two of tn,
OFFICES, excepting that of President. may
be combined. The first Board of Direc
tors to serve until the Tuesday after tn,
first Monday in January, 1921, or unit
| their successors are duly elected and
| qualified, shall consist of NJ Augusta.
Davis, residing at st. Charles Hotel, New
| Orleans; Arthur j. Comila, of No. 1g1.
Saint Charles Avenue. New Orleans: Fell,
V. Bruen, of No. 26O3 Milan Street. New
| orleans; Emile n. COrnay, of No 49,
Pine Street, New Orleans; and Buforet
NJ. Myers, Of No. 401 Arabela Street
|
shall be president; Felix v. Bruen shall
be Nice-President, and Emile y. Cornay
shall be Secretary Treasurer.
| Any vacancy in the Board of Director.
may De hlled by the remaining Director,
or said Board from among the stockhold
| ers. The Board of Directors shall hay,
the power and authority by proper reso
luton, to sell. mortgage, hypothecate and
pledge any kind of property owned b,
| the corporation, either in whole or in mart
nfh ar Nr-fsA Il.
any property for the corporation; to max,
| Ioans, borrow money, issue notes anC
other obhgations the same in any manner
permitted by law; in fact it shall hav,
Act 267 of 1914.
| ARTICLE VI.-This act of incorpora
tion may be amended, altered or modi
ned, or the corporation dissolved at am
time by complying with the provisions o
the laws Of this state
ARTICLE VII.-At the expiration of thi
| Charter, or the earlier dissolution of thi
corporation, its affairs shall be liauidate,
Dy two commissioners to be elected b.
the stockholders, In accordance with law
ana said commissioners are hereby veste,
with full power and authority to sell an
anu all assets and property, real, persona
ana mixed of this corporation, and +
convey full and complete title thereo. an,
10 90 ana perform all, every and any &C
or acts essential to full and complet
INCUBATION OF this corporation, and to dis
tribute the proceeds. IL any. In the even
or the death, inability or resignation o
either or said commissioners, the survive
shall continue to act and be likewise In
vested with all the powers herein mention
ed.
ARTICLE vIII-The appearers b.r
subscribed to the number of shares SO
opposite their respective names, and thei
signatures hereto shall constitute the orr
ginal subscription list to the CAPITAL stoc
or this corporation.
Thus done and signed. in my office. a
the City Of New. Orleans. on the day
month and year. herein first before writ
ten, In the presence Of Messieurs Charlie
Leblanc and Frank T. Doyle. competen
male witnesses, of age, and residents n
this Parish, who have signed these pres
ents with the said appearers and me
Notary, after due reading of the whole
T. Doyle N ram
Original Signed) MA. Davis. "a
shares; Il. n. Cornay, 80 shares: b. M
Myers 90 shares; A. J. Gomila, 60 shares
| JOSEPH SINAI.
L, the undersigned. Recorder of Mort
cages, in and for the Parish of Orleans
STATE or Louisiana, do hereby certify tina
the above and foregoing Act of Incorno
ration OF the Globe Supply and Machiner
company. Incorporated, was this Ia
duly recorded in my office in Book 123S
| OIlO
New Orleans. Louisiana Dacomhor
1919.
(Signed) EMILE J. LEONARD, DIV. r..
j certify the above and foregoing 70 n
a true and correct copy of the origina
Act OF Incorporation of the Globe SuppI
and Machinery Company, Incorporated
together with the certificate of the Re
corder Of Mortgages thereto appended an
on file in my notarial office.
(Signed)
JOSEPH SINAI.
Notary Public