The herald. [volume] (New Orleans, La.) 1905-1953, 1921-10-06
CHARTER OF II. W. KANE & CO. INC.

VI. ". Il. l26S, tOll0 81.
! August 18th, 1927, A. ID.
Sept. l-Oct. q.
CHARTER OF ii. W. KANE & CO, INC
United States of America, State of Louis
| lana, Parish of Orleans, City of New Or
! leans. Be il known. that on this 21St da,
| of the month of September in the year o
| our Lord, one thousand. nine hundred an,
| twenty one, and of the independence of thu
| United States of America, the one hundred
| and forty fifth: before me, William JOhI
| Hennessey, 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
neSSeS 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
an act passed in this office on August 10
1921. 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-eiEht (9S)
shares of stock of this corporation, and
whose pOstoflice address is 332 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 (IOl
shares of stock in this corporation, and
whose pOStOffiCe address Is 5644 Hawthorne
Avenue, New Orleans, La, and,
Mrs. Mary King Kane. also of the full
age of majority and resident of this
city, who agrees to subscribe to one %
share of stock in this corporation, and
whose pOstOffice address is $500 Haw-
thorne Avenue, New Orleans, La. and,
Robert T. Fender, also of the full age of
majority and a resident of this city, who
agrees TO subscribe TO one % share Of
stock in this corporation, and whose post
office address is 43l Carondelet street.
New Orleans, La, who severally did de-
clare. that availing 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
corporation and body polite in law for
the objects and purposes and under the
following agreements and conditions, to-
wit:
ARTICLE THE name of this corpora
ton shall be Ii. W. Kane & Co, Inc. and
under this name it shall have power and
authority of body corporate and shall
continue for period of ninety nine (99l
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
upon similar corporations, includ-
ing the power to make and use corporate
Teal if it 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 III-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 varnishes and all kinds of
hardware; and to conduct a general i'm
porting and exporting and ship chandery
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
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-
vey' 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
or 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- |
'erred upon this corporation by this char
Ter or by the laws of this or other states |
ARTICLE Iv-The authorized capitsI |
stock of this corporation Is hereby fixed |
II the sum of fourteen thousand dollars |
lsl4.0oO.0O), divided into and represented |
by one hundred and forty shares Q4O) of /
ne par value of one hundred dollars /
CSlOO.0O) each. and shall be paid for in
ash or may be issued at par in payment
'Or property actually purchased by. or
services rendered to, the corDoration at
'uch tunes, and in such installments as
ne board of directors may direct
The amount to which the capital stock
" this corporation may be Increased Is
hereby fixed at the sum of fifty thousand
iollars (SJO,OO0.00), divided into and re-
Presented by five hundred (5OO) shares of
ne par Value or one hundred dollars
SlO0OO each, and said stock or any mart
hereof, may be issued on complying with
ne requisites of the law. and said stock
o issued may be paid for in cash, or NAV
We issued at par in payment for properly
lctuahy purchased by, or for services
endered to. this corporation, at sucb
INES and in such installments as the
'oard Of directors may direct.
ARTICLE V-All the powers of this
corporation shall be vested in and ay
rcised by board Of directors to be com
osed or four stockholders, to be elected
nnually on the first Monday of Nav OF
ach year, and a majority Of whom shall
o :, quorum for the transaction of
II business. and a majority Of votes cast
hall decide all questions; all such cleo.
IONS shall be conducted at the Office of
hls corporation under the supervision of
hree commissioners to be appointed nv
re president Notice Of such election and
I all other meetings Of stockholders
hatsoever, unless waived in writing. shall
given personally or by depositing in
he United States Postoffice In New Or
ans. at least fifteen days before such
Getting, notice of the holding theraoT | ,