The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-15
CHARTER.
CHARTER OF LOUISIANA PAINT
CEMENT CO.. INC.

lama Parish of orleans, City OF Ne" VI
leans. lie it Known that on thIs oHr
nav of September, III the year VI Nui
Inrd One Thousand Nine huhuFeu anu
twenty -Une, anu VI the lhuePennu, -
tn,, lnited States of America, Ohe fiutl
areQ ana Forty Five, before nv -
SxoImsley Nutary Pubic, uuly ColhIlIs
siouau and uuanned III and Tor lhe 81
lsn Of orleans, state Oh LOuloi" NJ
m the presence OF the uhueIsie nm,
uesses, personally came anu aPPSt1. rs,uI,t,
savpraI persons whose names are me- -it,
subscribed, OF the tul age Oh ma I'm
Nvho declared 10 me that, aNalllus 49,,
saIves ot the laws OF TINS State -,
~, nrgluizaIion of corporations Ine!
~, royrnanted and agreed, anu w ~
these presents covenant anu assigns.
themselves, their SUCCESSORS " Ir,tinn ana
tn form themselves into q CoIPoLaI mr.
nody nouIic Tor the objects anu -,
noses ana under the stlPulalioN
set form, tO-wlt.
ARTICLE THE name ana tue "a
CORPORATION snail be, Loulsian" m firlr
cement Co. Inc, ana uhu'L SUI ~
Sn,II nave. ana ENJOY Succession ~ r.
Snan ,nr a n.rI0d vi ninety nine !c"ls
80 mo dute hereof, unless soOn'L
soI,ed unueT the articles Vi 'r ,un uu-
- At snail have the power anu
tloh. ~ '",rrnrt sue and be sued 10
-. ma use a corporate SEAL Ilc -,
10 ureak ana alter 1T pI'dSuA', MO-
lease mortgage, hypOlhe,dlc -
nrup,rty, real, personal u AI4N1' .,rry-
PIOP' ,y'',,,..,,IyI or proper Tor the carry
M, an oil It's business, ana 10 ma. -
n may secure suCh Ub4lsA .Ion vi As
OF property 1t Ina! nd'e' ,n.r vim All
lease. grant or contract, l"stlnci, ~, Nssru
rantr,SIs or improvements pLaCeu oH 80
I,operty, or leased tor Peliiou nnIu
nv the SAID corporation - ~ ~! assist
.iock in any corporations Ihat me- nur.
STUN - III It's objects ana pul-
noses: and to make sucn Dy-lh" D ar
I'm regulations as may he neCesS"iS
urstrupIe for the manaSelAcHt anu
Af he
ARTICLE 1.-THE domicile OF TINS ms, cor ,,r.
porallon snail be III the |ug VI - l.,,,,t
i.aus where All citation OF JIM -
''ri.,.s may be served upon the Ir'slu'h,'
or m MS absence on either INC -
a,nt or tine secretary OF lIedSu
,pTlrIE uI-The objects OF TINS COZ
nnrat,on are ucreU! uecIaied " " ~
nm tease or operate laIloIl'S -, an
n,nuIIucIure UI roofing cement pam" ar
iI ,,rs-.ry,.rs ana any other place VI
snS,u.ss incidental ana necessary - Oi
eAvlolIatiOn Oh the mahulaI'uieu o. ana
,nrmuIug repair of houses, noI IN. I'll
,u,,,Iu,s ana 10 that emu II may
p 80, AM bullulug materials % what
.is,.r character necessary ana lhclue 'iI..'
~ saiu business. II may lehu LA'ne'
negotiate loans, ara" anu nd deliver
nn9,r. discount, buy, sell anu It''.
- M .Ncuauge and proInlssory hV It
pUnds deDentures' coupons anu maj
n,.poIlable instruments anu seSutAIe .,,..,,
M Judgment A4ds " -
ar may own subscribe ana receive Sun
in any other corporation lncOrporaltu ; IN
apr the laws OF any sta'e IL - ti-,ra
states or allied countries, AT the =, 80,
non of the Board OF DlrectoIs' 80
issue notes mortgages ana Other Oohea
mons by said Board, ana II nld3 w N,iSSaSs
eral building and CONSTRUCTOR % any
ia sell lease or otherwise uIsPose Va -
ana ali the products of said Corporation
,pTICIE Iy.-The capital stock OF
tb1s corporation is hereby liked at tne
sum of FIVE Thousand DOLLARS lSO,oVoV ,
divided into lOO shares Oh tne P nraII nt
OF 5000 each. No stOckhOIuet 1ai,ltu
neIa liable or responsible IOr tne AUS 90
contracts or debts OF this corporation ~
any further sum than the uhpaiu V pli'rIr,e
due the corporation on MS stoch SUES IN
ton nor snail any mere lhIorlhait'' -
M organization have the elect Oh rem
opriny this charter null OF NOlu VI Vi
exposing and shareholder TO any n
bility whatsoever. Inns GU IT, Der cent
be a going concern when tHty Ter -
15OgoI of the capital stock SHAH nave U Te
paid for in cash or Its equlEaLent' he
capital stock OF this corporation may 80
increased to one million dollars Sl'oVo'-
OOO.OO).
ARTICLE y-The corporate powers OF
tbis corporation shall be vested IN ana
exercised by a board of directors, TO Dc
composed of hve (o) stockhoIuers, I r,,,S'
(3) of whom shall constitute quOiuh
the board of directors shall nave the
power ut their discretion to increase the
number of directors up to ana inclusive
OF seven "a in which event the majority
shall constitute quorum.
The officers of this corporation shall
consist OF president, vIce-presldeht,
secretary and treasurer, all OF whom
snail be members of the board of directors
Any two of these Offices may be held, IL
desired, by one and the same person.
The following named persons shall con
stitute the first board OF directors: NJ. l..
Meyers, Chas. W. Nichols, L. D aims
ley, henry Meyers, b. j. Semmes, the hrst
OF wnom shall be president, the second
named vice president, the third treasurer,
and the last named secretary.
These directors shall serve until the
third Monday in October, lS22, ana until
their successors are elected. All elections
for directors shall be by ballot and each
stocknolder shall be entitled to one vote
Tor each share of stock standing In MS
name the books OF the corporation at
the time of the ballot. This vote VIII be
cast in person or by proxy, and 1t shall
require u majority ot STOCK, present or re-
presented, to elect. Failure to elect
BOARD of directors at a stipulated time
snail not work as forfeiture of this char
ter, but the old board of directors snail
remain in office until the new board is
elected.
ARTICLE VI-The board of directors
shall hold such meetings and at such
places as may be liked by the bylaws OF
the corporation. The first board of di-
rectors of this corporation shall be re-
quired to draft suitable bylaws at its
hrst meeting, which may De altered or
amended at will by the board of directors.
ARTICLE VII-The stock of this cor
poratiOn may be transferred provided such
transfer be recorded upon the books OF
the corporation, and before it shall be re-
quired to recognize the transfer the
new holder of said stock, but the total
amount of stock as hereinaboye set forth
is the sum of S5,000.OO which is hereby
authorized fully paid and On-asSessable.
ARTICLE VIII-This charter may be
modified or altered, the capital stock there
OF increased or decreased, or the corpora
ton may be dissolved with the consent
of three-f0urths of the capital stock, pres
ent or represented, at any meeting of the
stockholders held for that purpose after
prior notice in writing to each stock
holder or mailed to him at his last known
POST Office address.
ARTICLE IX-At the expiration of this
charter or the earlier dissolution of this |
corporation for any cause, its affairs shall |
De lquidated by one or more liquidators
at the option of the stockholders to be Sc
lected by the stockholders, all of whom |
SMALL hold stock in said corporation and |
- commissioners are hereby vested with |
power and authority to HQuidate the
rs OF the corporation.
X-The subscribers hereto
nave each written opposite their names
tne NUMBER OF shares subscribed for so |
that this Act may also serve as the origi- |
nal subscription, said subscription to he |
ash fNa