The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-29
CHARTER.

n,.sseS hereinafter named and undersigned.
personally came and appeared the several
persons whose names are hereuhtO sup
scribpd who Severally declared that. avail
ing themselves of the provisions OF the
laws of said state of Louisiana win re
supct to the organization OF corporations
tbey have agreed and do by these presents
agree and bind and Obligatc themselves. aS
well AS all such persons as may hereafter
become. associated with them. 70 form ara
constitute corporation ana bOdE pou'l,
i'm law for the objects and purposes 3hd
under the terms and conditions -olio"lhE'
tO-wit:
ARTICLE 1.-The name of this cOrpord-
dnn shall be Monroe y Co. Inc. and IN
der such name it shall have and enjoy cor
porat" existence for period OF ninety
nine years from the date hereof, unless
sooner dissolved. Ii shall have the power
to contract. sue and be sued, TO make ana
use a corporate seal. and the same 10
break or alter At pleasure: TO purchase.
lease. hold, mortgage pledge, sell or trans
| fer in any other manner. uuder lt> or
porate name. all property of every nature.
movable. immuYablc or mixed: to make.
| indOrSe and issue bills Of exchange @nd
prOmi~SOry notes and bonds: TO maze an
necessary rules and regulations for the
proper management of its corporate al
I fairs. and generally. to enjoy all tn"
rights privileges and immunitie> nov con
| fprrcd or which may hereafter b" con
| frrrrd by the laws of the state of Lou
/ i>iaua upon corporations of the same KIND
and character.
| ARTICLE 1.-THE domicilc Of this cor
/ poratiOn l. hereby fixed in tn" city ot
| New Orleans. Parish of Orleans, State OF
| Louisiana.
All cititation and other legal process
I shall be- served upon the President. or in
hiS absence or inability To act. upon the
/ Vice President. or in the absence or in
! ability To act of both of them, upon the
! Secretary Treasurer.
! ARTICLE III.-Thr objects and pur-
| poses for which this corporation is organ
! lied and TIA" nature OF the business to be-
| carried on 10y il are hereby declared To be.
/ to buy and sell at retail and at wholesale
! To import and manufacture carpets, mat
! things. rugs. wallpaper. furniture and house
| furnishings ana decorating materials Of
all kinds. including paint and other wall
| coverings and generally. To furnish and
! decorate the exterior and interior Of all
houses and buildings of every nature. and
| 10 perform all work necessary and Incl
dental thereto. and generally 10 do and
| perform every other act and thing useful
and conducive TO carry out the business
! herein authorized.
! ARTICLE IV.-The capital stock of this
corporation i hereby fixed at the sum Of
twenty-five thousand (S25OO0OO dollars.
which may he increased To fifty thousand
! $50. 10000 dollars. Said capital stock
| shall be- divided into and represented by
two hundred fifty shares of the par value
of one hundred dollars each. and all Of
said stock shall be common stock. MI
stock shall Toe issued for cash or its equiv
|
par in payment for property actually pur-
| chased or for service actually rendered tIp.
corporation.
The corporation shall begin to do bust
ness when such amount at its capital
stock has been subscribed for. ~ - pre-
! >cribcd by law. The remainder of the
capital stock not issued shall be disposed
of al such times and upon such terms and
conditions as the Board of Directors shall
determine. and in accordance with law. All
stock shall be fully-paid and non-a>>">S-
able. aud no transfer of StoCh shall he
binding upon the company unless duly re-
corded upon the books of the COMPANY.
ARTICLE V.-The affairs of tni> cor
poratiOn shall be- managed ny q Board of
Directors consisting Of five members. three
of whom shall constitute quorum for the
transaction of all business. Su"h directors
shall be elected annually from among the
stockholders at Il meeting to he held on
the first Tuesday in February. not "a legal
holiday. after fifteen DAYS notice bN mail
TO each shareholders last known address.
1t such meeting each shareholder shall bC
entitled 10 east one vote for each share of
stock held 10y him. either in person or Icy
prONy. \ majOrity of the stock present or
represented al such meeting shall b. sui
ficieut for the transaction of ali business.
including the election of directors.
The officers of this corporation shall bc
/ a President. rPreSidcnt and a SeCre-
tary-T -casurer. who shall be chosen nv the
Board of Directors from among its NOM
berS.
said Officers and such Board of Direc-
tors shall serve until their successors nave
been duly elected and qualified. Any va
canCy in said officers or Board of Direc-
tors shall be- filled by the remaining mem
beTS of said Board for the uneNpired term.
Special meetings of the shareholders may
he held when ordered by the Board of
Directors. or upon the request of not less
than twenty five per cent of the OutStand-
ing stock after giving the notices required
by law.
| ANY director who i about TO absent
himself from the City of New Orleans. or
by reason of any other disability Is UNI
able to attend meeting or meetings OF
the Board of Directors. shall have the
right to authorize any shareholder of the
company to vote for him at any and al
directors meetings. and such proxy shall
have and exercise all of the powers OF
such director appointing him.
ARTICLE vI.-The first Board of hi
rectOrs and Officers of this corporation
who shall serve until the annual meeting
to be held in February. 1921 or until Their
. successors are duly elected and qualified
: shall be Alfred y. Hitchcock, Glensfalls
y. Y. II. \. Monroe. New Orleans Chas
, +. Ross. New Orleans. Geo. ii. Burnham
/ Magog. Quebec. Canada. and G W. Higley
, Hudson Falls. n. Y, with III. \. Monroe, al
President, \. \. Hitchcock Vice PreSiden
and Chas. F. Ross Secretary Treasurer.
ARTICLE VII.-These articles of inCOr
r pOratOn may be altered or amended anC
r the capital stock may be increased or de
. creased. or this corporation may be dis
, solved by a vote of two thirds of all out
standing stock at a meeting of the share
{ holders duly convened for that purpose il
/ pursuance of resolution of the Board o
n Directors and in accordance with law
Provided. however, that the objects AM
: purposes of the corporation shall not b
changed except by 4 vote of all stock out
n standing; and provided. further, that al
. increase of the capital stock in excess o
o the amount originally named as the sun
p | to which the capital stock may be i'll
: | creased shall he authorized only by
- three-fourth's vote of. all outstanding
| stock.
. ARTICLE YIII.-Whenever this cOrpOr
alton is dissolved by limitation or other
wise. its affairs shall be liduidated unde
the supervision of three iquidatOrs electe
by the stockholders from among thei
a number ut meeting convened for tina
= purpose in accordance with law.
In the event Of the death or inability {
; ! serve of any liquidatOr or liquidatOrS, sue
y vacancy shall be filled by the remaining
: iquidatOrs from among the shareholders
ARTICLE IX.-NO stakeholder of thi
company shall ever be held liable re
spOnsible for the contracts or faults there
Of in any further sum than the unpai
-, | balance due on shares of stock owned b.
" him. nor shall any informally in Organi
zatiOH have the effect of rendering thi
charter null or exposing any stOckhOlde
4 to any liability beyond the unpaid balanc
= due on his stock. nor shall any infOr
- mality or irregularity in organization hav
y | the effect of rendering any shareholde
. | liable as Il partner.
Thus done and passed in my office 1
the City of New Orleans. on the day
month and year hereinaboye written. 1
the presence of Messrs. Salvador SchilleC
I'll.