The herald. [volume] (New Orleans, La.) 1905-1953, 1920-06-03
CHARTER.

persons as may hereafter become associ-
ated with them, TO form and constitute a
body polite in law, for the objects and
purposes and under the agreements and
stipulations herein following, which they
adopt as their charter, tO-wit:
ARTICLE 1.-The name of this CorpOr-
alton shall be: The Marine Paint and
Varnish Company, Incorporated, and shall
have corporate existence for the period OF
ninety nine years from the date hereof and
shall have and exercise for the purpose
of the business TO be carried on by il, all
the powers conferred by law on similar cor
poratiOns, including the power to make
and use corporate seal, and the same
to break and alter at pleasure, TO con
tract, sue and be sued in its corporate
name; to hold, own, receive, purchase,
ALLEVIATE, release, convey, mortgage, ny
pothecate. pledge or otherwise cucumber
property both real and personal. or mixed
to issue bonds. notes and other obligations
for the purpose of borrowing money or
to secure same by mortgage or otherwise;
name and appoint such officers. managers.
directors, agents, and Their employees, as
the interest of the said corporation may
require. and To suspend or remove same
AT the pleasure of said board; and To eS-
tabliSh such bylaws. rules and regulations
as may be necessary and proper, and the
same to alter. amend and abolish at pleas
ure and generally to do and perform all
such acts as may be proper and ncccS-
Sary to carry out and execute the purposes
of this corporation.
ARTICLE 1.-THE domicilc of this cor
poration. shall he in the city of New or
leans. state of Louisiana. but il may eS
tabIi>h and operate factories. offices and
agencies wherever II may deem advisable.
All citation ana other legal processes
shall he served on the president of this
corporation. or in the event of his absence
or inability to act, then upon the vice
president or the secretary treasurer of said
corporation.
ARTICLE III.-The objects for which
this corporation j. organized or the natur"
of the business to he carried on by il are
hereby declared to be: the general yarniSh
and paint business in all its various
branches. and TO that end 10 manufacture.
purchase and sell. all kinds of paints and
varniSheS. paint and varmi>h materials and
ingredients used therefor and Herewith.
all kinds of oils and oil products. tur-
pentineS or its by products, and all things
incidental or pertaining to the manufac-
ture 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. as
well decorative material. bronze and
brOnZing liquids of all kinds and deScrip-
ton, aS well as dealing in and manufar-
turing glass and glassware. earthenware
and chemicals and acids, all coal tar pro
auctions and pigments. as well as tar.
roSin and generally all kinds OF merchan-
disc.
And also To establish and operate fac
tories. warehouses and stores. for the
Manufacture. storage and sale of any of
its products and to conduct and carry on
mercantile business. To purchase. sell.
lease and suitcase real estate and the
buildings thereon.
To use and operate railroads tram
roads. motor trucks. steam COnveyancCS
or any other method of cOnveyanceS. in
Guiding aircraft. To use and operate
watercraft Of any kind or nature and to
buy. build or lease any OF the above men
toned methods of conveyance. all in con
nrrtion with the business of this said
corporation. and generally to do any and
all things not absolutely prohibited by
law thereon.
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed ut SiOOOnOm
four hundred thousand dollars, divided
into and represented by 1000 shares of the
each. which shall be paid for in cash. as
provided by law. or may be issued at par
in payment for property actually pur-
chased on the valuation fixed by the board
of directors. prior to its actual purchase
Which said stock so issued shall be issued
fun paid and non -aSsesSable. or may he
issued to the subscribers thereof on such
terms of payment as the board of direc-
tors may fix in conformity with the state
law governing the subscription and pay
ment of stock.
This corporation shall be authorized to
commence business and be Il going con
shall he subscribed for and paid. in the
manner directed by law and which said
amount is hereby declared TO be sub
Scribed.
The shares or this stock shall be trans
ferable only on the books of this cOrpOr
alton. and no transfer of stock shall be
binding or have any effect upon this cor
pOratiOn. unless, and until made upon its
books: and a prior lien on all the shares
of stock shall be retained by this com
mai nj N G hprnhnlhnF
for any Indebtedness secured or unsecured
however evidenced or created, due at any
time to this corporation by the holder of
said stock. and all transfers OF stock shall
he made bject to these conditions.
ARTICLE N.-An the corporate powers
of this corporation shall he vested in.
aud exercised by Il board of seven direc-
tors who shall each be stakeholder of
this corporation and shall hold in his own
name at least one share of full paid and
unpledged stock. Four of said directors
will constitute a quorum for the transac-
ton of all business. and a majority vote
at any meeting shall decide all questions
voted upon.
from the stockholders on the second Tues
day in January of each year after due
notice of said meeting shall nave been
given to each StOckhOlder. sent by mail to
his last known address fifteen days prior
to said election. and all directors shall be
required to file their address OF any change
thereof with the secretary of this corpora
ton and a failure so to do shall relieve
this corporation from any responsibility
of the said notice not being properly de
livered. and said notice or any other no
tice required by this charter may be wav-
ed in writing.
At the election of directors and at all
other meetings of said stockholders the
vote shall be by ballot and each share of
stock shall be entitled to one vote to be
east by the owner in person or by writ
ten proxy. The majority of stock voted at
any stockholders meeting shall decide all
questions voted upon, except as herein
provided.
The officers of this corporation shall
be president one or more vice-presidentS,
and said board shall also elect a secretary
treasurer. the first board of directors OF
this corporation is hereby declared to be.
Mr. Anthony Wizard, Mr.. c. Edward Meri-
wether, Mr.. John A. Taylor. Mr.. John ID.
Cooper. Mr.. Hewitt W. Cooper. Mr.. Geo
C.. Bright, and Mr.. +. Newton Kearny.
with the said Anthony Wizard as presi-
dent. the said John ID. Cooper as vice
president the said G. Edward Meriwether.
as vice president, and the said Hewitt W.
Cooper. as Secretary-treasurer. Which
said board and officers shall hold their
respective offices until the second Tues
day in January, 1921. or until their sue
ceSSOrs are duly elected and qualified. at
which said date and annually thereafter
the stockholders shall elect a board Of
seven directors as herein provided for, and
said board shall within two days after
their election, elect from among their num-
Der a president. one or more vice presi-
dents. and said board shall elect q secre-
tary treasurer, who may or may not be
4 member of said board of directors. A