The herald., 1921-01-06
CHARTER

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-
gage in general furnishing and supply |
business as principal and as agent, III
hardware. ship chandlery. paint, railways
mill supplies, ship supplies, and in con.
nection 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 in 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 this
corporation is hereby fixed AT the sum of
fifty thousand (Sj0.O0O.00) dollars, TO be
divided into and represented by hve nun
bred 5000 shares in the sum of one hun
dred CS1OO.0O) dollars each; said stock
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 he increased 10 the sum OF one
hundred thousand ($lOO,OOO.OO) dollars.
ARTICLE V-All the corporate powers
of said corporation shall be exercised 10y
Board of Directors consisting or three
stockholders, a majority of whom shall
constitute quorum for the transaction OF
business. The Directors may vote in per
son by written proxy. The Hoard OF
Directors shall elect annually from among
their number President, Vice President,
and n Secretary Treasurer. The first Board
of Directors shall consist of three stock.
holders and shall be composed of Roland
s. Carriere. Cornelius y. Hecker. and
Joseph +. Vincent with the said Roland
s. Carriere as President. said Cornelius y.
Hecker as Vice-President. and said Joseph
+. Vincent as Secretary-Treasurer, who
shall serve until the third Wednesday i'll
January. 1922 or until their successors
have been duly elected and qualified.
The post Office addresses of said Direc-
tors are as follows: Roland s. Carriere
1906 Gov Nichols Street, New Orleans
La; Cornelius \. Hecker, 16l4 HAMPTON
Street. New Orleans. La: Joseph F. Vim
cent, 622 st. Roch Avenue. New Orleans,
La. The annual meeting of stockholders
for the election of directors shall be- held
on the third Wednesday in January of
each year. unless said day he q legal hOli-
day, and then on the next bank day there
after Any vacancy occurring among the
Directors by death. resignation or other
wise. shall be filed for the uneNpircd term
by the remaining Directors. Each sub
scriber hereto sets after his name his post
Office address and a statement of the num-
Der of shares of stock which he agrees 10
| take in the corporation. At all elections.
every stakeholder shall be entitled to one
his name on the books of the corporation,
| to be cast in person or by his written
| proxy. 4 majority of the votes cast shall
elect.
| ARTICLE Win the event of the liGui
| dation or dissolution of this corporation.
| the stockholders shall elect three lqui-
dat0rs from among their number at a
meeting convened for that purpose after
fifteen 05) days written notice sent to
each stakeholder by mail to his last known
| address: said Hquidators shall have the
| authority to wind up the business and
affairs of this corporation. In case of the
death of liquidatOr, the survivors shall
| appoint a stakeholder as successor TO him
| ARTICLE vII.-The said appearers de
| clare that they subscribe. respectively, &c
| the following number of shares of th'
| capital stock of this corporation:
| Roland S. Carriere. two hundred and
fifty (25O) shares: Cornelius \. Hecker
one hundred and twenty-five (125) shares
and Joseph +. Vincent. one hundred ant
twenty-five C25) shares.
And, whereas. the subscriptions of tn
said Roland s. Carriere. Cornelius \. Heck
err and Joseph +. Vincent, appearers here
in, to the capital stock of this corporation
consist in property TO be transferred 4
this corporation, to-wit:
The entire assets of the business here
tofore conducted by the said Roland
Carriere, Cornelius A. Hecker and Josepl
F. Vincent, as a partnership, under IN
firm name of Crescent Supply Company 4
the premises No. .2112-14 Magazine Street
In the City of New Orleans. State of Lou
isiana: the said transfer of business 10
stock in this corporation being In accord
ance with the provisions of Section q
Act 267 of the Louisiana Legislature TO
the year 1914.
There is now annexed to these article
| of incorporation. and to be read In cor
| fhnrA
and itemized description of said property
, as to amount, location. extent, characte
and state of same. together with state
| ment of its value. as appraised by the ID
| rectors of this corporation, the same q
IL set forth in full in this charter.
The transfer of the said business, know
as the Crescent Supply Company, bein
made by the said appearers herein TO thi
. corporation in it's entirety. without excer
! ton or reservation, as of date January is
1921.
: ARTICLE vIII.-No stakeholder in thi
corporation can ever sell the stock owne
by him in this corporation, or any pal
thereof. without first Offering the same, ]
writing to the other stockholders. throug
the Board of Directors. at its then boo
value, who will have the first option
purchase the same.
ARTICLE IX.-This charter may
modified changed or alter. or said col
| poration may be dissolved, with the asser
| of stockholders owning two-thirds Of n
/, entire capital stock, at a general meetin
of the ockholders convened for that pu
u pose. after fifteen Q5) days written motto
shall have been given to each stockholde
mailed to him at his last known address.
!. ARTICLE X.-No subscriber for stoC
[ shall ever be held liable for the contract
O faults or debts of said corporation In an
further sum than the unpaid balance,
! any, due the corporation on the stock II
: | which he has subscribed; nor shall ar
stockholder ever be held liable for sue
contracts, faults or debts in any furth
sum than the unpaid balance, If any, {
the stock owned by him: nor shall M
mere informality in organization have Il
the effect of rendering this charter nu
| er liable beyond the unpaid amount,
any, remaining due on his stock.
ARTICLE XI-This corporation is O
| ganized under the laws of the State
Louisiana. and especially Act. No. 26I
;, 1914 and the subscribers hereto, for ther
u selves and said corporation, and for
r officers directors and stockholders, here,
: accept. as part of this charter and as co
!; ditions of this corporation, all the rfgh'
IL powers, privileges and immunities grant
l. to corporations. and granted to and co
;, ferred upon officers, directors and stoc
a holders of corporations by said laws al
said act: such acceptance being as III
:, complete and binding as IL said rfgh
u powers. privileges and tmmunities we
~ set forth at full length in this instrumel
81 Thus done and passed in my notari
Of office, in the City of New Orleans afor
s, said, in the presence of Walter Carroll n
n. 0rt. Nab fnnt w