The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-29
CHARTER.
CHARTER OF LOUISIANA PAINT &
CEMENT CO.. INC.

United States of America, State of Louis
lana, Parish of Orleans, City of New Or
leans. BE it known, that on this lOti
day of September, in the year of oul
Lord, One Thousand Nine Hundred anC
Twenty one, and of the Independence o.
the United States of America, One Hun
dred and Forty Five before me, L. >
Walmsley, Notary Public, duly commits
stoned and qualined in and for the Par
ish of Orleans, State of Louisiana, anC
IN the presence of the Undersigned wit
nesses, personally came and appeared tht
several persons whose names are hereuntC
subscribed, of the full age of majority
who declared to me that availing them
selves of the laws OF this State relative
to the organization OF corporations, tnel
have covenanted and agreed, and do by
these presents covenant and agree 1oi
themselves, their successors and assigns
to form themselves into corporation ana
body polite for the objects and pur
poses and under the supulations herein
set forth, tO-wit:
ARTICLE The name and title of the
corporation snail be, Louisiana rant AZ
Cement Co., lnC., ana under suCh title
snail nave ana enjoy succession and "a
IstenCe Tor ii periOu Of nlnet! nine years
from date hereof unless sooner as
solved under the articles Ot this corpora
ton. 1t snail have the power anu du-
thurity 10 contract, sue and be sued, 10
make ana use Il corporate seal, the same
to break ana alter at pleasure, To hOlu,
lease, mortgage, hypOtnecaIe or pIe6Se
property, real, personal or mixed, ueces-
sary, Incidental or proper for the carry
ing OF its business, and TO that end
II may secure such OOIlgaIOns or pleuSes
OF property 1t may have, as well as
lease, grant or contract, together with all
contracts or improvements placed ON Salu
property, or leased Tor period OF years
ny the SAID cOTpOratlOni To Duy or hOIu
stock in any corporations that may assist
this corporation i'll ITS objects and pur-
poses; ana TO make such bylaws, rules
ana regulations as may be necessary or
desirable Tor the management and Dusl-
ness affairs OF the corporation.
ARTICLE 1.-THE domicile of this cor
pOraIOn snail be III the city OIL New Or
leans, where ali citation or other legal
process may DE served upon the fresluent,
VI III MS absence on either the vice fresl-
urnt or the Secretary or Treasurer.
ARTICLE III.-The objects of this cor
pOratIOn are hereby declared 10 be: 10
own, lease or operate factories IUr the
manufacture vi rOOnng cement, paints or
nUOu preserNvrs ana any OIner place or
DusIness luCiueutal ana necessary Tor the
expectation OI the manufactured articles,
lnCluuInS repair OI houses, homes anu
buildings, ANA to that emu il may zeal
IN any ana all building materials OI what
ever Character necessary ANA Incidental
10 said business. II may lend money,
negotiate loans. draw anu accept, en-
uUrse, discount, buy, sell ana ueliVer
DIiis Ot exchange and prOmlSsory notes,
bonus, ueUentuIes, coupons anu OLner
negotiable instruments ana securities tnat
III It's judgment may be tit ana proper
IN any other corporation Incorporated I'M
der the laws OIL any state i'll the Unlteu
States or allied countries, at the Olscre-
Ilun OF the Board OF Directors. 1t may
issue notes, mortgages and other oOHga-
lions Dy said BOaru, and II may DO gen
eral building ana construction Duslness,
to sell, lease or otherwise dispose OF any
ana ali the products ot said Corporation.
ARTICLE Iv.-The capital stock OF
tins corporation Is hereby liked at the
sum oI rive Thousand Dollars (S1,UUOUUD,
ulyIded into lvu snares OF the par value
OF SJU.OO each. NO sIockhOlder snail be
nelu naDle or responsible Tor the faults, |
contracts or debts OF this corporation IN |
any further sum than the unpaid balance |
que the corporation on his stock suDscrIp |
ton, nor snail any mere inIOrmality III |
the organization have the effect OF rem |
dering TINS cnarter null or void or OF
exposing ana shareholder to any liza |
bllty whatsoever. This corporation shah
be going concern when FIFTY Per Cent |
(5O1o) OF the capital stock shall have beer |
PAID for in cash or its equivalent. The |
;apltal stock OF this corporation may be
increased 10 one million dollars (Sl,OO0,-
JvO0O).
ARTICLE V-The corporate powers of
this corporation snail be vested IN and
by board OF directors, to Dc
composed Of fiye (5) stockholders. three
To- OF whom shall constitute quorum.
Ihe board OF directors shall have the
power at their discretion to increase the
number of directors up to and inclusive
d seven "a in which event the majority
snail constitute quorum.
The officers of this corporation shall
consist OF a president, vice president, a
secretary ana treasurer, all OF whom
no m ni.arz
ANY two OF these offices may be held, ii
desired, by one and the same person.
The following named persons shall con.
'titute the first board OF directors: NJ L.
Meyers, Chas. W. Nichols, T. g. WaIms-
ey' henry Meyers, h. j. Semmes, the first
u whom snail be president, the second
named vice president, the third treasurer. |
ana the last named secretary.
These directors shall serve until the
MIRO Monday In October, 1922, and until
.heir successors are elected. All ELECTIONS |
or directors shall be by ballot and each
't0ckholder shall be entitled to one vote
or each share Of stock standing in his
he time of the ballot. This vote will be
;ast In person or by proxy, and il shall
equire majority of stock, present or re-
presented to elect. Failure to elect a
'hail not work as a forfeiture of this char
er. put the old board of directors shall
'ema1n in office until the new board is II
elected 10
ARTICLE FI-The board of directors
'haI hold such meetings and at such .
races as may be fixed Dy the bylaws of
ne corporation. The first board of di-
,ectors Oh this corporation shall be re-
luired To draft suitable bylaws at its
irst meeting which may be altered or
lhiended at VIII by the board Of directors. !
ARTICLE VII-The stock of this cor ,
may be transferred provided such !
= tansIer De recorded upon the books of I
ne corporation, and before il shall he re- I
lu1red to recognize the transfer or the a
Few holder OF said stock, but the total
mount OF stock as hereinaboye set forth !
the sum OF SJ,OOO.O0, which is hereby .
uthorized fully paid and non assessabIe
ARTICLE VIII-This charter NAV no {
iodl1ied or altered, the capital stock there a
increased or decreased, or the corpora a
ION may be dissolved with the consent p
tnree'1ourths of the capital stock, pres. il
ut or represented, at any meeting of the c
re- nusi heIu tor that purpose, after G
rior notice in writing to each stocE d
older or mailed to him at his last tnown
ost Office address. AA0"n c.
AhIiCLE Kat the expiration of this r,
hdrter or the earlier dissolution of th;s | M
Drporation for any cause, its affairs SSaI1 +,
: hquL321sa by one or more Iiauidators a
vi the stockholders. To he 30 g,
stockholders, all of whom II
OK In said corporation, and In
oners are hereby vested with d.
"a ,tn anu authority to Hquidate the pl
ARTICLE X-The subscribers ho,o, 81
ave eaSh written opposite their names ~
st tb;s ec, Vi snares subscribed for, SO nj