The herald., 1920-08-12
CHARTER OF MONROE CO., INC

United States OF America, State of Lou.
lslana, City of New Orleans. BE II known
mat on this l4th day OF the month OF
July, in the year one thousand. nine hun.
dred and twenty: Before me, Charles
duly commissioned and Qualified pOr in
and for said Parish of orleaus, Their, in
| residing, and in the presence of the Wit
nesses hereinafter named and undersigned
personally came and appeared the several
| persons whose names are hereunto sub
| sclloed, VINO severally declared that avail
ing themselves Of the provisions of the
laws OF said State of Louisiana with re
| spect to the organization of corporations
they nave agreed and do by these presents
agree and bind and obligate themselves as
well as all such persons as may hereafter
become associated with them, to form and
constitute corporation and body polite
III Jaw Tor the objects and purposes and
to-wit: U.s.
ARTICLE 1.-The name of this corpora
tlon shall be Monroe x Co, Inc and uD-
der such name il shall have and enjoy cor
Porate existence for period of ninety
nine years from the date hereof unless
sooner dissolved. Ii shall have the mower
10 contract. sue and be sued, TO make and
use corporate seal, and the same IN
Dreak or alter at pleasure; to purchase
iease. mold, mortgage pledge sell or trans
Ter IN any other manner. under its cor
p orate name, all property of every nature.
movable, immovable or mixed TO make
lndorse and issue bills of exchange and
prOmissory notes and bonds: to maze ali
necessary rules and regulations for the
proper management Of its corporate af-
falrs; and generally, to enjoy ali the
rights, privileges and immunities now con-
terred or which may hereafter be con
ierred by the laws of the State of Lou
IsIaha upon corporations of the same kind
and character. ~
ARTICLE 1.-THE domicile OF this cor.
poratlon is hereby fixed in the City of
New orleans, Parish Of Orleans, State of
All cititation and other legal process
shall be served upon the President. or in
MS absence or inability TO act, upon the
Vice President, or in the absence or in
ability TO act of both of them. upon tho
Secretary Treasurer
ARTICLE III.-The objects and mr.
poses Tor which this corporation is organ
lied and the nature of the business TO no
carried on by il are hereby declared 10 he
TO buy and sell at retail and at wholesale
TO import and manufacture carpets. mar,
srmss, TUGS, wallpaper, furniture and house
furnishings and decorating materials of
all KINDS, including paint and other wall
coverings; and generally, to furnish and
ISecorate the exterior and interior of all
houses ana buildings of every nature and
10 perform all work necessary and inri
dental thereto; and generally to do and
perform every other act and thing useful
ana ana conducive to carry out the business
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of !
twenty-five thousand (S25, OOO.OO) dollars.
EsHn ~ may De increased to fifty thousand
iSo0OVoOOl dollars. Said capital stock
snail be divided into and represented NV
Two hundred fifty shares of the par yalue
OF one hundred dollars each, and all Of |
sald STOCK shall be common stock. All |
STOCK shall be issued for cash or its EQUIV
ilent and may be issued at not less than
par In payment for property actually pur-
;hased or for service actually rendered the
"
The CORPORATION shall begin to do bust
ness when such amount of its canitaI
sock has been subscribed for. as * nre Il
'crlbed by law. The remainder of rho
apital stock not issued shall be disnoSed
u AT such times and upon such terms and
ondllons as the Board of Directors shall
letermlne, and in accordance with law. All
LOCK snail be fully paid and non assess
PIE ana no transfer of stock shall be
Inalns upon the company unless duly re-
orded upon the books of the compaay.
ARTICLE V.-The affairs of this cor
,oratlon shall be managed by a BOARD az
,ireGtors consisting of five members three
"a MON shatl constitute quorum for the
transaction of all business. Such directors
nan De elected annually from among the
tockholders at a meeting to be held on
ne ilrst tuesday In February, not "A legal
oluay after fifteen days notice by mail
0 each shareholders last known address
i such meeting each shareholder shall be
nutleu 10 east one vote for each share of !
tock heid by him, either in person or by
epresented at such meeting shall h. suf |
Ieht 1or the transaction of all business !
lc!udlng the election of directors
pne oillcers OF this corporation shall be
President, Vice-President and a Score
ny treasurer, who shall be chosen by the
oard or Directors from among its mem
Said officers and such Board of Direc-
,rs shall serve until their successors nave
cen duly elected and qualified. ANY va |
ihcy In said officers or Board of Direc-
'rs shaII De filled by the remaining mem
ers of said Board for the unexpired term.
Special meetings Of the shareholders NAV
held when ordered by the Board of /
lrectors, or upon the request of not less | Il
IAN twenty-five per cent of the outstand-
x stock after giving the notices reonired /
y law.
ANY director who is about to absent /
Ihset from the City Of New Orleans. or
reason OF any other disability is un-
II