The herald. [volume] (New Orleans, La.) 1905-1953, 1921-01-13
CHARTER
CHARTER OF THE CRESCENT SUPPLY
CO., INC.

State OF Louisiana, Parish OF orleans,
City of New Orleans, BE it known, That
on this third day of January, in the year,
one thousand nine hundred aud twenty
one; before me, William Waller lOun%.
notary public, i'll and for the Parish Of
Orleans, State of Louisiana, duly COM
misSiOned and qualified, and in the pres
ence of the witnesses hereinafter named
and undersigned, personally came and &p-
peared the persons whose names are herr
unto subscribed. all above the full axe OF
majority, who SeVerllly declared, hat
aNailing themselves of the laws ~ the
state of Louisiana, particularly Act .GI
Of 1914 relative to the organization of
corporations, they do by these presents,
agree and bind themselves, as well as such
other persons as may hereafter become as
ISOLATED with them. to form and constitute"
corporation for the objects and purposes
and under the articles and stipulations fol
lowing to-wit:
ARTICLE 1.-The name and title - this
corporation shall be Crescent supply Co.
Inc, and, under that name. Ii shall have
and enjoy all the rights, advantages and
privileges granted by law To corporations.
and shall exist for the full Term and per
| iOd of ninety nine years from this day
Ii shall have power to contract, sue and
be sued; to make and use a corporate seal,
and the same 10 alter and break AT pleas
ure; to hold, receive, lease. purchase, sell
and convey, as well as mortgage. hypU-
thecate and pledge property, real per
sOnal and mixed, cOTpOreal and incor-
poreal; to name and appoint such man
ayers, directors, officers. agents and other
employees as its interest and convent
| ence may require, and to make and Is
| tablish, well as alter and amend from
| time to time. such bylaws rules and reg
ulatiOnS' as may be necessary and eNpcdi-
ent for the proper management and gov
eminent of the affairs of said corporation.
ARTICLE 1.-THE domiciIe of this cor
pOratiOn is hereby fixed in the City OF
| Orleans, State of Louisiana, and all eta
| ton or other legal process shall be served
upon the President of said corporation,
| or. in his absence, upon its Secretary
Treasurer.
ARTICLE UI.-The objects and pur-
poses for which this corporation is or
ganiZed and the nature of the business to
| he carried on by il are hereby declared to
| he TO engage in a general furnishing and
supply business. as principal and as agent,
| in hardware, ship chandlery, paints, rail
ways, mill supplies. supplies of merchan
| disc. food refreshments and stimulantS for
| ships, to engage in the business of S.'hn
goods, wares, products and merchandise.
as principal or on commission, or both.
and to act as general selling agents; to
import and export goods wares, products
and merchandise of every description
| and kind, and particularly to act as
agent, agents and brokers for the
selling on cOI- mission or otherwise
of said goods. wares and products; TO en-
gage in a general furnishing and supply
hardware. ship chandlery. paint railways.
mill supplies, ship supplies. and in con-
| nectiOn Herewith, to engage ig general
| businesses at wholesale md retail in all
lines of hardware and supplies for paint
| ers, mills, railways. ships and all other
things of similar cha rlcter, and carry on
/ the business of the corporation in Louis
lana and in all of the States of the United
States, and foreign cOuntries and gem
orally to do and perform all things peril
| nent and incident and which may be prop
| er and necessary to carry out and execute
| the objects and purposes of this corpora
| ion.
| ARTICLE IV.-The capital stock of this
| corporation is hereby fixed at the sum Of
| fifty thousand ($J00O0.OO) dollars, to be
divided into and represented by five hun
! dred 900 shares in the sum of one hun
| dred (Sl00OO) dollars each; said stock
| shall be paid for when and in such install
ments as directed by the Board of Di-
| rectors. The capital stock of this corpora
| ton may be increased to the sum of one
hundred thousand ($10OO0O.OO) dollars.
| ARTICLE Van the corporate powers
| of said corporation shall be exercised by
| a Board of Directors consisting of three
| stockholders, a majority of whom shall
| constitute n quorum for the transaction of
| business. The Directors may vote in per
| son or by written proxy. The Board of
| Directors shall elect annually from among
| their number n President a Vice President
| and a Secretary Treasurer. The first Board
| Of Directors shall consist of three stock
| holders and shall be composed of Roland
| =. Carriere, Cornelius ~ Hecker. and
| Joseph +. Vincent. with the said Roland
| 5. Carriere as President, said Cornelius A.
| Hecker as Eice-President. and said Joseph
| +. Vincent as Secretary Treasurer, VINO
shall serve until the thfrd Wednesday in
| January, 1922, or until their successors
| have been duly elected and qualified.
The post office addresses of said Direc-
1 Narar en- N
1906 Gov. Nichols Street, New Orleans
| La; Cornelius \. Hecker, 1914 Hampton
| street, New Orleans, La; Joseph +. Vim
| cent, CD st. ROch Avenue, New Orleans.
| La. The annual meeting of stockholders
| fsr the election of directors shall be held
| OH the third Wednesday in January of
| each year, Unless said day be legal holt
| day, and then on the next bank day there
after. Any vacancy occurring among the
| Directors by death, resignation or other
wise, shall be filled for the uneXpired term
| by the remaining Directors. Each sub
| scriber hereto sets after his name his post
office address and statement of the num-
| Der of shares of stock which he agrees TO
| take in the corporation. At all elections
| every stakeholder shall be entitled to one
vote for each share of stock standing in
his name on the books of the corporation.
to be cast in person or by has written
| proxy. majority of the votes cast shall
| elect.
ARTICLE Win the event of the liqui-
| dalton or dissolution of this corporation.
| the stockholders shall elect three liqui-
| datOrs from among their number at a
meeting convened for that purpose, after
| fifteen Q5) days written notice sent to
each stakeholder by mail to his last known
address; said liquidators shall have the
authority to wind up the business and
| affairs of this corporation. In case of the
death of a liquidatOr, the survivors shall
| appoint a stakeholder as successor to him.
ARTICLE VII.-The said appearers de
| clare that they subscribe, respectively, to
| the following number of shares of the
capital stock of this corporation:
Roland s. Carriere, two bundled and
| fifty (250) shares; Cornelius A. Hecker.
| one hundred and twenty-five Q25) shares !;
and Joseph +. Vincent, one hundred and
| twenty-five u25) shares.
And, whereas, the subscriptions of the
said Roland 5. Carriere, Cornelius A. Heck
| in, to the capital stock of this corporation.
consist in property to be transferred to
this corporation, to-wit:
| tOfore conducted by the said Roland S.
Carriere Cornelius A. Hecker and Joseph
f. Vincent, as a partnership, under the
| firm name of Crescent Supply Company in
| the premises No. 2112-14 Magazine Street.
| in the City of New Orleans, State of Lou
| isiana; the said transfer of business for
stock In this corporation being in accord
ance with the provisions of Section of
Act 267 of the Louisiana Legislature for
the year 1914.
There Is now annexed to these articles
of incorporation, and to be read in con-
nection Herewith, an accurate, detailed