The herald., 1921-10-06
CHARTER.
CHARTER OF LOUISIANA PAINT &
CEMENT CO.. INC.

day of September. in the year of on
Lord, one Thousand Nine Hundred AM
Twenty One, and of the Independence o
the United States of America, One Hun
dred and Forty Five, before me, L. ;
WalmsIey, Notary Public, duly commits
stoned and qualified in and for the Par
ish Of orleans. state Of Louisiana, an'
In the presence of the undersigned wit
nesscS, personally came and appeared Tn
several persons whose names are hcreuut,
subscribed, of the full age of majority
who declared to me that, ayailinS them
selves of the laws of this State relative
to the organization of corporations, thc}
have Coycnauted and agreed. and do 10y
these presents covenant and agree loI
themselves, their successors and assigns
to form themselves into a corporation and
body polite for the objects and puT
poses and under the stpulations herein
set forth, tO-WIt:
ARTICLE 1.-The name ana title of the
corporation shall be, Louisiana Paint y
Cement Co, Inc, and under such tile
shall have and enjoy succession and eA-
istence for period of ninety nine years
from the date hereof, unless sooner dis
solved under the articles of this corpora
ton. 1t shall have the power and au-
Ihurity TO contract sue and be sued, to
make and use 4 corporal" seal, the same
TO break and alter at pleasure; To hOld,
lease, mortgage, hypOtheCate or plckge
property, real, personal or mixed, neces-
SdTy, incidental or proper for th" carry
ing on of its business, and to that end
il may secure such obligations or pledges
OF property il may have, as well as
lease. grant or contract, together with ali
contracts or improvements placed on Sdlu
property, or leased for period Of years
by the said corporation; to buy or hold
stock in any corporations that may assist
this corporation in its objects and pur-
poses; and to make such bylaws, rules
and regulations as may lie necessary or
desirable for the management and bust
ness affairs of the corporation.
ARTICLE 1.-THE dOmicile of this cor
pOratiOn shall hr in the city Of New Or
leans, where all citation or other legal
process may he served upon the President.
or in his absence on either the Nlcc-Presl-
dent the Secretary or Treasurer.
ARTICLE III-Thc objects of this cor
poration are hereby declared to be: To
own. lease or operate factories for the
manufacture of roofing cement, paints OF
wood prcseTy'rs and any other place or
business incidental and necessary for Tn"
exploitation of the manufactured articles,
including repair Of houses, homes and
buildings and to that end 1t may deal
in any and an building materials OF what, |
ever character necessary and incidental
to said business. II may lend money, |
negotiate loans, draw and accept, en- |
dOrse, discount, buy, sell and deliver
bills of exchange and prOmissory notes, |
bonds, dcbeHtures, coupons and other
negotiable instruments and securities that |
in its Judgment may be tit and proper. |
1t may own, subscribe and receive STOCK /
in any other corporation Incorporated I'M |
der the laws of any state in the United |
States or allied countries, at the dlSCTe- |
ton of the Board Of Directors. 1t may
issue notes, mortgages and other Oblga-
lions BY said Board, and ii may do gen
eral building and construction business,
to sell, lease or otherwise dispose OF any
and all the products Of said Corporation.
ARTICLE IV.-The capital stock of
this corporation is hereby fixed at the
sum of Five Thousand Dollars (S5OOOOO),
divided into 100 shares Of the par value
of 5000 each. No stakeholder shall be
held liable or responsible for the faults,
contracts or debts of this corporation Ill
any further sum than the unpaid balance
due the corporation on his stock SuhSCrlp-
ton, nor shall any mere infOrmality III
he organization have the effect Of ZEN ,
leTing this charter null OF void or OF !
exposing and shareholder to any liza
)ility whatsoever. This corporation shall I
be a going concern when Fifty Per Cent |
5OGo) of the capital stock shall have been |
aid for in cash or its equivalent. The
apital stock of this corporation may be ;
increased to one million dollars $1,000 a
O0O0). e
ARTICLE Y-The corporate powers of Q
his corporation shall be vested in and :
xerciSed by board of directors, to be 7
OmpOsed of five (J) stockholders, three y
81 of whom shall constitute a quorum.
he board of directors shall have the .
A
lumber of directors up to and inclusive =
I seven ca in which event the majority :
hall constitute a quorum. N
The officers of this corporation shall h
onsist of president, vice. president, a p
4cretary and a treasurer, all of whom D
hall be members Of the board of directors
ny two of these Offices may be held, if Ia
eslred, by one and the same person. n
The following named persons shall con. !" -
itute the first board of directors: NJ. l.. ~
eyers, Chas. W Nichols, T. 5. Walms- "
y, Henry Meyers, f. J. Semmes, the first +,
whom snail be president, the second ST
AIMED ce-president, the third treasurer, .,
nd the last named secretary. -
These directors shall serve until the ga
Iird Monday in October, 1922, and until to
Ieir successors are elected. All elections 81
II directors shall be by ballot and each
OckhOlder shall be entitled to one vote Ii
n each share of stock standing in his W
ime on the books of the corporation at ii
e time of the ballot. This vote will be 81
st III person or by proxy and it shall ia
qulre majority of stock, present or re- III
resented, to elect. Failure to elect a vi
'ard of directors at a stipulated time ce
lall not work as forfeiture of this char m
r. but the old board of directors shall en-
main in office until the new board is Sh
ected. Sh
ARTICLE VI-The board of directors sh
all hold such meetings and at snrb -
aces as may be fixed by the bylaws of sn
e corporation. The first board of di-
ctors of this corporation shall be re-
llred to draft suitable bylaws at its IIel
ST meeting, which may be altered or "
lehded at will by the board of directors. as as
ARTICLE VII-The stock of this cor pa
ration may be transferred provided sucb aft
ihster be recorded upon the books Of the
: corporation, and before it shall be re fer
lred 10 recognize the transfer or the ito
holder OF said stock but the total AM
IV ,t Oh STOCK as hereinabOye set forth 20
tne sum OF SoVooOO, which is hereby pr
-horized fully paid and worcestershire. or
ARTICLE VIII-This charter NAV he hos
dltled or altered, the capital stock there- tho
i"CIedseu OF decreased or the CORPORA any
u may be dissolved with the consont as
of the capital stock nres pro
OF represented at any meeting of tbe iSsl
ckhOIuerS held for that purpose after cha
or notice in writing to each stock con
= et : vi mailed to him at his last known die;
I Office address. +,
RTlCLE IX-At the exniratiop Of az. corr
rter or the earlier dissolution of tbiS pos
PoFdtlOn Tor any cause, its affairs shall rect
y INUNDATED by one or more liduidators witt
ne 0puon of the stockholders. 10 no Ca to
ed by the Stockholders oil &c &c 81 ann
! on, Uiu STOCK In said corporation, and taII'
power and authority to IGuidata tbn ings
lrs of the Corporation. '''"'e the dire
.KTlCLE X-The subscribers baroto elect
number Of shares subscribe5 s malhes of q
esS Act may also serve as the nrio ~ stoc
TlPuon, said substitution 70 r. ! at
cash or its equivalent. ~ "e thir,
uOne and passed in my offica e. Tor
Sity vi New orleans, State of ToyiH / aftel