The herald., 1921-01-20
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 Young.
a notary public, in 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 ap-
peared the persons whose names are here
unto subscribed, all above the full age Of
majority, who severally declared, that
ayailing themselves of the laws Of the
State of Louisiana. particularly Act 26I
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
suciatcd with them, to form and constitute
a corporation for the objects and purposes
and under the articles and stipulatiOnS fol
lowing tO-wit:
ARTICLE 1.-The name and title IF 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 tniS day
1t shall have power to contract. sue ana
be sued; to make and use corporate seal,
and the same to 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, corporal and incor-
pOrCal. to name and appoint such man
ayers. directors, officers. agents and other
employees as its interest and convent
| ence may require, and to make aud I">
| tablish well as alter and amend, from
| time to time, such bylaws. rules and reg
ulationS as may be necessary and eXpedi-
| ent for the proper management and gov
! eminent of the affairs of said corporation.
ARTICLE 1.-THE dOmicile of this cor
| pOration is hereby fixed in the City OF
| Orleans. State of Louisiana, and all cita-
| ton or other legal process shall be served
upon the President of said corporation,
or. in his absence, upon its Secretary
| Treasurer.
ARTICLE III-The objects and pur-
| poses for which this corporation is or
ganiZed and the nature of the business TO
| be carried on by ii are hereby declared to
| he To engage in a general furnishing and
supply business as principal and rs 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 SELF.
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 kind. and particularly to act as
agent, agents and brokers for the
selling on commission or otherwise
| of said goods, wares and products; 10 en-
Il
| business rs principal and as agent, in
| hardware, ship chandlery, paint, railways.
mill supplies, ship supplies, and i'll con
uectiOn Herewith, TO engage in general
| businesses at wholesale and retail in all
| lines of hardware and supplies for paint
| erS, mills, railways, ships and all other
| things of similar character. and carry on
| the business of the corporation i'll Louis
lana and in all of the States of the United
| States, and foreign countries; and gen
| 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
| ton.
ARTICLE IV.-The capital stock of thi,
| corporation is hereby fixed at the sum OF
fifty thousand ($5O.0OOOO) dollars, to b,
divided into and represented by five hun
| dred (5OO) shares in the sum of one hun
dred ($l00O01 dollars each; said stool
| shall be paid for when and in such install
mentS as directed by the Board of hi
rectors. The capital stock of this corpora
ton may be increased TO the sum of on
hundred thousand (S100,000.00) dollars.
ARTICLE V-AlI the corporate power
of said corporation shall be exercised b.
| a Board of Directors consisting of thre
| stockholders, n majority of whom shall
| constitute quorum for the transaction o
| business. The Directors may vote in per
son or by written proxy. The Board o
Directors shah elect annually from anon
/ thelF number a PRESIDENT, a Ice HreSluen
and Secretary Treasurer. The first Boar
Of Directors shall consist of three stool
holders and shall be composed of ROlan
). Carriere. Cornelius y. Hecker. an
Joseph +. Vincent. with the said ROlan
:. Carriere as President. said Cornelius :
Hecker as Nice-President, and said Josep
f. Vincent as Secretary Treasurer, VIII
shall serve until the third Wednesday j
January, 1922, or until their successor
have been duly elected and qualified.
The post office addresses of said DireC
tors are as follows: Roland s. Carrier
1906 Gov. Nichols Street, New Orlean
La; Cornelius 4. Hecker. 7614 HamptO
Street, New Orleans, La; Joseph F. Vii
,ent, go st. Rech Avenue, New Orlean
Ia. The annual meeting of stakeholder
or the election of directors shall be hel
IN the third Wednesday in January
ZACH year, unless said day be legal hol
lay, and then on the next bank day there
lfter. Any vacancy occurring among I'll
Directors by death, resignation or Othe
wise, shall be filled for the uneXpired teri
)y the remaining Directors. Each sui
'criber hereto sets after his name his pos
pffice address and statement of the nun
Ier of shares of stock which he agrees I
axe in the corporation. At all election
very stakeholder shall be entitled to or
'ote for each share of stock standing
his name on the books of the corporation
o be cast in person or by his write
roxy. A majority of the votes cast sha
lect.
ARTICLE Win the event of the liqu
lation or dissolution of this corporation
he stockholders shall elect three LOU
ators from among their number at
Meeting convened for that purpose, afte
fifteen 15) days written notice sent [
'ach' stakeholder by mail to his last know
address, said liquidatOrs shall have tn
authority to wind up the business an
lfTairs of this corporation. In case of th
eath of a liquidator, the survivors sha
Ippoint stockholder as successor to hin
ARTICLE VII-The said appearers d.
lare that they subscribe. respectively,
he following number of shares of tn
apital stock of this corporation:
Roland S. Carriere two hundred an
fifty (250) shares; Cornelius A. Hecke
one hundred and twenty five Q25) shares
md Joseph F. Vincent, one hundred an
twenty five Q25) shares.
And. whereas, the subscriptions of n
said Roland S. Carriere, Cornelius a. Heel
ar, and Joseph +. Vincent, appearers her,
in, to the capital stock of this corporation
consist in property to be transferred
this corporation, to-wit:
! The entire assets of the business her
4 tofore conducted by the said Roland
: Carriere, Cornelius A. Hecker and JOSEF
, | f. Vincent, as a partnership, under Il
: | firm name of Crescent Supply Company
| in the City of New Orleans, State oftLol
= isiana; the said transfer of business Il
stock in this corporation being in accorS
ance with the provisions of Section q
n Act 267 of the Louisiana Legislature fl
the year 1914.
!, There is now annexed to these artiel,
!. | of incarceration and to be read in eOl