The herald., 1921-09-29
CHARTER.
CHARTER OF II. W. KANE & CO, INC.

CHARTER OF IL. W. KANE & co, INC
United States of America. State of Louis
lana. Parish of Orleans, City of New Or
leans. lie il known, that on this 2lst day
of the month of September, in the year OF
our Lord. one thousand, nine hundred and
twenty-One, and of the independence of th'
United States of America, the one hundred
and fOrty-fifth: before me, William John
HenneSSey. a notary public, duly commits
stoned and qualified. in and for the Parish
of Orleans, State of Louisiana, therein
residing, and in the presence of the wit
QeSSeS hereinafter named and undersigned
representing Felix Joseph PUG, a notary
public for the Parish of Orleans, now alb
sent on leave, as per Executive author
ity. dated August >. 1921, annexed tO
an act passed in this office on August 10
1927. Personally came and appeared
Herbert W. Kane, of the full age of ma
jOrity and resident of this city, who
agrees to subscribe to ninety eight (9SJ
shares of stock of this corporation, and
whose pOstOffice address is $50 Charities
street, New Orleans, La, and,
Mrs. Ruth V. Kane. also of the full age
of majority and a resident of this city,
who agrees to subscribe to forty (40)
shares of stock in this corporation, and
whose poStOffice address is 1914 Hawthorne
Avenue, New Orleans, La, and,
Mrs. Mary King Kane. also of the full
age of majority and a resident of this
city, VINO agrees 10 SubSCTiDt 10 one VI
share of stock in this corporation, and
whose pOStOffice address is 5000 Haw-
thOrne Avenue, New Orleans, La, and,
Robert T. Pender. also of the full age of
majority and resident of this city, who
agrees TO subscribe to one ID share of
stock in this corporation. and whose post
Office address il 49, Carondelet street.
New Orleans. La. who severally did de
clare. that availng themselves of the pro-
visions of the constitution and laws of
the State of Louisiana relative TO the or
ganizatiOn of corporations they have CON
tracted together and agreed and do by
these presents contract and agree and bind
and Obligate themselves as well as such
persons as may hereafter become assOciat-
ed with them, to form and constitute a
corporation and body polite in law for
the objects and purposes and under the
following agreements and conditions, to-
wit:
ARTICLE 1.-The name of this corpora
ton shall be III. W. Kane x Co., Inc, and
under this name it shall have power and
authority of Il body corporate and shall
continue for a period of ninety nine (99)
years from the date hereof. and shall have
and exercise for the purposes of the bust
ness to be carried on by Ii, all the powers
conferred by the laws of the State of
Louisiana, and especially by Act No. 267
of the General Assembly of the State of
Louisiana of 1914, and the amendments
thereto, upon similar corporations, includ-
ing the power to make and use a corporate
seal if il may deem fit to do so, and the
same to break or alter at pleasure.
ARTICLE 1.-THE dOmicile of this cor
poration shall be in the City of New Or
leans. State of Louisiana, and citation and
all legal process shall be served upon the
president of the corporation, and in his
absence or inability to act, upon the vice
president. and in his absence or inability
to act, upon the secretary Of the corpora
ton.
ARTICLE UI-The objects and pur-
poses for which this corporation is or
ganiZed, and the general nature of the
business to be conducted by it, are here
by declared to be to own, operate or con-
duct a store or stores for the sale of all
kinds of general merchandise, including
all kinds of machinery, engines, boats,
fittings, tools, engine and machine sup
plies, electrical and automobile supplies
and equipment, marine supplies, sporting
goods. tobacco, leather goods and hides.
paints and Yarnishes, and all kinds of
hardware; and to conduct general i'm
porting and exporting and ship chandlery
business; and to own, operate or conduct
general machine, electrical, welding, black
smith and pattern making, shops,
foundries. shipyards and ship-ways, for
the construction, repair and fitting, of
all kinds of instruments, appliances, ma
chinery, engines, marine engines, boats
and vessels; TO own, operate and tow all
kinds of vessels and boats, and to con-
struct, build, purchase, acquire, own,
operate, mortgage, pledge, lease, sell, con-
yey, or otherwise dispose of, any and all
houses, buildings and equipment and real
and personal property of every kind and
description whatsoever, as may be neces-
sary and proper for the accomplishment
of any of the purposes set forth herein,
and generally to do any and all things
that may be incidental or suitable to or
necessary for, the attainment of any of
the above described objects or purposes,
or the exercise of any of the powers con.
ferred upon this corporation by this char
ter or by the laws of this or other states.
ARTICLE Iv-The authorized capital
stock of this corporation is hereby fixed
at the sum of fourteen thousand dollars
($14.0OO.OO), divided into and represented
by one hundred and forty shares Q40) of
the par value of one hundred dollars
NlOO.OO) each. and shall be paid for in
cash or may be issued at par in payment
for property actually purchased by, or
services rendered to, the corporation. at
such times, and in such installments as
the board of directors may direct.
The amount to which the capital stock
of this corporation may be increased is
hereby fixed at the sum of fifty thousand
dollars (SJO,OOCOO), divided into and re-
presented by five hundred $500 shares of
the par value of one hundred dollars
(SlOO.O6 each. and said stock. or any part
thcicoi, may Dt ISSUED on complying with
the requisites of the law, and said stock
so issued may be paid for in cash, or may
be issued at par in payment for property
actually purchased by, or for services
rendered to. this corporation, at such
times and in such installments as the
board Of directors may direct.
ARTICLE v-AII the powers of this
corporation shall be vested in and ex-
ercfsed by board of directors to be com
posed of four stockholders, to be elected
annually on the first Monday of May of
each year, and majority of whom shall
constitute quorum for the transaction of
all business, and a majority of votes cast
shall decide all questions; all such cleo
tons shall be conducted at the office of
this corporation under the supervision of
three commissioners to be appointed by
the president Notice of such election and
OF all other meetings of stockholders
whatsoever. unless waived in writing. shall
be given personally or by depositing in
the United States Postoffice in New Or
leans. at least fifteen days before such
meeting, notice Of the holding thereof,