The herald., 1921-10-13
CHARTER.
CHARTER OF LOUISIANA PAINT &
CEMENT CO.. INC.

United states of America, State of Louis
lana, Parish Of orleans, City OF -" , III
leans. BE il known, that on thls IVl L
day Of September, in the year OF ouI
Iprd One Thousand Nine Hundred anu
Twenty-One, and Of the independents %
the United States of America Ohe II
drcd and Forty Five, before me mi -
WaImsley, Notary Public duly CoHIilS
stoned and qualified in and ior 'hr ar
ISL of Orleans, State Of LOUISIANA anu
I'm the presence of the Undersigned WI
nesscs, personally came ana apPeticu ~
saverai npr.ons whose names are hcreuhlo
subscribed, of the full age OF MaJVrII! .
who declared to me that, aralIlhs Inyi',
selves of the laws of TINS Stait re'1iLI'IS
TO the organization of corporations I"'.
have coyeuanted and agreed, ana 90 ~
these presents covenant ana agree lo'
themselvrs, their successors ana aSS'7 rs
10 form themselves into COTpoIaAy" NNH
b,dy pOlitic for the objects anu IIt
poses and under the supulatl"hS Ae''iN
set forth, AO-wit:
ARTICLE 1.-The name and title OF the
CORPORATION shall be, Louisiana RANT *
Cement Co, Inc, and under 7uIu u.Ie
shall have and enjoy SUCCESSION anu -
istence for a period OF ninety mint a., -
from thp date hereof unless sooner u,
solved under the articles OF TINS CuIPOi"
ti0n, II shall have the power anu ~.
thority TO contract, sue ana De Sueu' ~
r1nlaa and use a corporate seal, the same
to break and alter at pleasure 10 hS'H,
lease, mortgage, hypothecate. or Plth5'
property, real PERSONA VI NO. 80. NM
slry Incidental or proper Tor tAS taAIS
inc on OF its business, and 10 lhaI Gnu
n NAV secure such obligations OF FiSu6cS
of property it may have, as wei az
lease grant or contract, together Win az
rontr,Sts ar improvements placed on sald
property, or leased for a period zoI yen
by the said corporation; 10 Du! oI NY NY
stock in any corporations thdl may
mis- corporation in its objects ana pur-
noses: and TO make such bylaws Eults
and regulations as may he necessary OF
desirable for the management anu ou''
ness affairs Of the corporation
ARTICLE 1.-THE domicile of this cor
marathon shall be in the city OF Nt" Vt
leans, where all citdlOh OF OInct -,
process may be served upon the Ir'Siut't'
or in his absence on either the Nlce-ireSi
dent or the Secretary or Treasurer
- ARTICLE III.-Thc objects of this cor
marathon are hereby declared 10 pc
own, lease or operate factories Iol az
manufacture Of roofing cement pants or
wood prescryrrs and any OtheI PtaSe
business incidental and necessary IoL nv
exploitation of the manuiactuTeu at'I .,,ii
Including repair of houses, homes anu
buildings, ana 10 that em,uiI nf what
in any and all building materlalS ot ~
ever character necessary ana lhClucAta'
tn said business. 1t may lend none!
negotiate loans, draw ana ~ G1ira,
JoTse discount, buy, sell ana ueIi't Il
hills of exchange and promIssory NOES,
bonds dcbentures, coupons anu 80
negotiable instruments ana SeCuI l'lcs ".
in its judgment may De III anu - st"rk
1t may own, subscribe and receive S'U o., n
in any other corporation incorporate uH
der the laws of any state IN Tue -;
States or allied countries, at the uioCi
tiOn of the Board OF Directors -, -
issua notes, mortgages and Other OoIlSa
tions by said Board, and II may 40 d 50.
eral building and constructor f -
to sell, lease or otherwise uiSPosG % IN a.
and all the products OF salu CoEPoiA'iOi
ARTICLE Iv.--The capital stock tS o.
tbis corporatiOn is hereby llAel az ny ny
S,r, of Five Thousand Dollars VSJ'VVVVVl
diyided into 100 shares OF the par N"L t
of $50 90 each. No stOchhOlutI sn 9tt,ttS
held liable or responslDle lo[ lr,' yIe In
Contracts or debts of this corporatlI3n -
any further sum than the unpaid DaIaHD'
due the corporation on ms sIoC h SUE /,
I ton nor shall any mere mo ~,
tba orranization have the effect Oh rem
darinU this charter null or NOlu VI VI
aXnosing and shareholder to an! ia
biIitv whatsoever. This corporation slaI
be a going concern, when when LILY It,aIi have beer
Maid for in cash or its equlEaIehI' nv
conitaI stock of this corporation may DDS
Increased to one million dollars Sl'VV0'
100000.
ARTICLE V-The corporate powers OF
this corporation SHAH be Hes.eu 4" 20 ' nv
eyercisrd by a board of directors, TO p'
comnosed of five (5) stockholders, thrt'
= (0 of whom shall constitute quoi III ~
The board of directors snail nave t i
power at their discretion to increase th'
humber of directors up to and inciuslN'
of seven "a in which event the HdJoli''
shall constitute quorum
The officers of this corporation shall
consist of a president. Yice-Prestuent 80
secretary and a treasurer, all OF "HOh
shall be members of the board OF directors
ANY two of these offices may be helu,
desired, by one and the same person.
The following named persons shall con
stitute the first board of directors: NJ. Il
Movers, Chas. W. Nichols, I. ). Malhs
ley, Henry Meyers. L. j. Semmes, the mrs
of whom shall be president, the secoh'
Snamed vice president, the third treasurer
and the last named secretary
|, These directors shall serve until tn
third Monday in October, 1922 land unit
their successors are elected. All election
for directors shall be by ballot and eacI
stakeholder shall be entitled to one Not
for each share of stock standing in hi
name on the books of the corporation a
the time of the ballot. This vote VIII D
cast in person or by proxy, and IL shaI
require a majority of stock, present or re
presented to elect. Failure TO elect
board of directors at stipulated tim
shall not work as forfeiture OF TINS chaI
ter, but the old board of directors sha
remain in office until the new board
elected.
ARTICLE VI-The board of director
shall hold such meetings and at sue
places as may be fixed by the bylaws 9
the corporation. The first board or d
rectors of this corporation shall be r.
quired to draft suitable bylaws at Il
first meeting, which may be altered {
amended at will by the board of director
ARTICLE VII-The stock of this col
pOration may be transferred provided sue
transfer be recorded upon the bOoss
the corporation. and before it shall be n
Quired to recognize the transfer or Il
: new holder of said stock, but the tot;
amount of stock as hereinabove set fort
is the sum of $J.OO0O0, which is hereb
authorized fully paid and non-assessabl
ARTICLE VIII-This charter may /
modified or altered. the capital stock there
of increased or decreased, or the cOrpOri
ton may be dissolved with the cOnse1
of three-fOurths of the capital stock, pre-
ent or represented at any meeting of tn
stockholders held for that purpose, afte
prior notice in writing to each stool
I holder or mailed to him at his last know
4 post office address.
II ARTICLE IX-At the expiration of thi
y charter or the earlier dissolution of TIL
II corporation for any cause its affairs sha
be liquidated by one or more liquidatOr
at the option of the stockholders, to be S,
lected by the stockholders, all of whOl
n shall hold stock In said corporation, an
sa1AN mi ssiOners are hereby vested wit
- r and authority to liQuidate I'll
the corporation.
HCLE N-The subscribers heret
St each written opposite their nam,
The number of shares subscribed for ,