The herald. [volume] (New Orleans, La.) 1905-1953, 1921-04-28
CHARTER OF FLYNT NAkNish
WORKS, INC.

United States Of America, State OF Lou
isiana, Parish of Orleans, city OF Ne" vi
leans. BE il known, mat, on this M =
DAY of the month OF April, IN the year ot
our Lord, one thousand, nine hundred anu
tventy-one and of the independence Vi
the united States of America, the one nun
bred and forty-tfth; before me, llllah d
Eormento, notary public, duly GohlIhls
stoned and qualified in and Tor the lar-
ish of Orleans, State of Louisiana, per,
sonally came and appeared the several
persons, whose NAMES .ss, are sa9scE!De9 Asie
of the laws of the State OF Louisiana, III
such cases made and provided, ana par
ticularly of Act. No. 26I OF 1914, they de-
sire to, and do hereby, form themselves
into corporation under the name, anu
for the objects and purposes, ana uhuer
the terms and conditions, hereinafter SET
forth.
this CORPORATION shall be Flynt Narnlsh
Works, Inc, and under this name 1t shall
have all the power and authority con,
ferred upon corporations by the laws OF
the State of Louisiana and Of the United
States of America. 1t shall have existence
for a period of ninety nine years from
this date unless sooner legally dlssONeu
1t shall have power to contract, SUI
and be sued. in its cOrporated name
to make and use corporate seal
and the same to break or alter al
pleasure; to hold, receive, lease, sub
lease, purchase, convey ana eAcnahs'
1
gage, pledge, or hypothecate the same; 70
| borrow or loan money, securities, and val
liable things generally, in any matters con,
nected with the purposes or business OF
| the corporation: to issue bonds, notes, and
other obligations and negotiable lnstru
ments. and commercial paper generally, &c
appoint such Officers, agents, managers
| and employees generally. as the business
and interests of the corporation may re-
| Quire: to change, modify, or amend TINS
| charter. and to establish, alter, ana amend
all rules, regulations and bylaws for the
| conduct and management of the business
| of the CORPORATION in any way cOnfOrmablt
| to the law.
| ARTICLE 1.-THE domicile of this cor
poration shall be in the City OF New or'
| leans, State of Louisiana, and all citations
| upon the President of this corporation
| or in the event of his absence or inability
to act, then upon the vice-President.
| ARTICLE III.-The objects and pur
poses for which this corporation Is or
| gained. and the nature of the business
| TO be carried on by 1t, are hereby de
| clared to be:
| The manufacturing, buying, selling, ex
changing, and general dealing In varnlsh a:,S
stains. enamels, japans, driers, wood-fill
| ers, paint oils, asphaltums, paints, varnlsl
and paint remOvers, furniture polishes
liquids used in paint making and colo
| grinding, and. in general, all product
used, or usuable in the varnish and pain
| trade, and its branches.
| To engage in, conduct, and operate any
| line of business, incidental to the malI
/ business, hereinabove stated, or any bust
ness properly susceptible of being con
Quoted through the character of the prop
erty to be handled by the corporation.
| This corporation shall have the right t.
| acquire, either in whole or in part, thu
business, assets, goodwill, and the lik
| of any person, or concern, engaged in {
| line of business similar to that authorized
by the charter of this corporation, and t.
/ MOI for "a
any other lawful way.
| ARTICLE IV.-The capital stock of this
| corporation is hereby fixed at the sum Of
twenty thousand dollars, divided into two
hundred shares of the par value OF on'
hundred dollars each.
The capital stock of the corporation may
be increased to the sum of fifty thous
| and dollars.
any of the stock of this corporation, with
| out first having offered the same for SALE
| to the other stockholders, by a letter ad
dressed to the President or to the Board
| therein the lowest proposed price of said
| stock and the proposed terms of sale
After thirty days from the receipt of such
written offer, and the failure of the stock.
holders or any of them, to purchase the
said stock upon the proposed terms o.
| sale, or at least. terms no worse thar
those proposed. the owner of the stool
shall then be at liberty to sell such stock
/
and upon the said proposed terms. or, Al
least, terms not more favorable to thu
purchaser than those submitted to tn,
stockholders. This rule shall apply t.
| each specific sale, or proposed sale, O.
| stock.
| Where the stockholders of the corpora
| ton are accorded the right of purchasing
a shareholders stock, as hereinabove Sc
| forth, such fight shall devolve upon tn,
| said stockholders, first. in the proportion
| Of their individual holdings Of stocks. and
| then ratabbly among the remaining stock
holders, should any particular stockholdel
not elect to exercise his right, and so on
until the right shall remain in one stock
| holder, IL all other stockholders should
| decide not to exercise the right.
The corporation shall make no transfer
of stock where the provisions of the fore
going paragraphs have not been fully com
piled with, and the corporation shall ais,
be entitled to demand. and shall so de
mand of both the seller and the pur
chaser Of stock in all cases. before max
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