The herald. [volume] (New Orleans, La.) 1905-1953, 1921-05-26
CHARTER OF FLYNT yARNISH
WORKS, INC.

United States of America, State of Lou
isiana, Parish of Orleans, City OF New Or
leans. Be it known, That, on this fifth
day of the month OF April, in the year of
our Lord, one thousand, nine hundred and
twenty-One, and of the Independence Of
the United States of America, the one hun
dred and fOrty-hfth; before me, William j.
Formento, a notary public, duly commits
stoned and Qualihed in and for the Par
tsh of Orleans, State of Louisiana, per-
sonally came and appeared the several
persons, whose names are subscribed here
to, who declare that, availing themselves
of the laws of the State of Louisiana, in
such cases made and provided, and par
ticularly of Act. No. 267 of 1914, they de-
into corporation under the name, and
for the objects and purposes, and under
the terms and conditions, hereinafter set
forth.
ARTICLE 1.-The name and style of
this corporation shall be Flynt Varnish
Works, Inc, and. under this name it 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 u period of ninety-nine years from
this date unless sooner legally dissolved.
1t shall have power to contract, sue
to make and use a corporate seal,
and the same to break or alter at
pleasure; to hold, receive, lease, sub
lease, purchase, convey and exchange
gage. pledge, or hypothecate the same; to
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 instru-
rents. and commercial paper generally. to
appoint such Officers, agents, managers,
ana employees generally. as the business
quire; to change, modify, or amend this
charter, and to establish, alter. and amend
all rules, regulations and bylaws for the
conduct and management of the business
of the corporation in any way conformable
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
and other legal process shall be served
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-
ganized, and the nature of the business |
to be carried on by it, are hereby de- |
clared to be:
The manufacturing, buying, selling, ex-
changing. and general dealing in varnishes, |
stains enamels, japans, driers, wood-fill- |
ers, paint oils, asphaltums, paints varnish /
and paint removers, furniture polishes |
liquids used in paint making and color |
used, or usuabie, in the varnish and paint |
trade, and its branches.
To engage in conduct and operate any /
line OF business, incidental to the main /
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 to
acquire, either In whole or in part, the
business, assets, goodwill, and the like
of any person, or concern, engaged in a
line Of business similar to that authorized
by the charter Of this corporation, and to
pay Tor the same In cash, stock, or in
my other lawful way.
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed at the sum of
wenty thousand dollars, divided into two
iundred shares OF the par value Of one
hundred dollars each.
The capital stock of the corporation NAV
De increased to the sum of fifty thous-
md dollars.
No stakeholder shall sell or dispose of
ny Of the stock of this corporation, with
ut frst having offered the same for sale (
the other stockholders, by a letter ad- !
ressed to the President or to the Board
4 Directors Of the corporation, having
herein the lowest proposed price Of said c
ter thirty DAYS fpp% the terms ent Of saIe
'ritten offer, and the failure Of the stock 9
oiders, or any Of them, to purchase the q
AID stock upon the proposed terms Of 9
hose proposed. the owner Of the stock a
hall then be at liberty to sell such stock s
" not less than the said proposed price s
'ast, terms not more favorable TO the S
urchaser than those submitted to the n
toekholders. This rule shall apply to {
ock. 3
Where the stockholders Of the corpora .
on are accorded the right Of purchasing y
snarehoider's stock. as hereinabove set =
nth, such right shall devolve upon the a
ID stockholders, first, in the proportion Y
their individual holdings of stocks. and 7,
en- ratabbly among the remaining stock y
'lders. should any particular stakeholder y
u elect to exercise HIS right, and SO on. | n
It'll the right shall remain in one stock u u
,lder. II all other stockholders should a.
eide not to exercise the right. !,
The corporation shall make no transfer n,
stock where the provisions Of the fore .,
ing paragraphs have not been fully com .,
led with, and the corporation shall also
entitled to demand. and shall 60 de- n
ana of both the seller and the pur- ri
aser OF stock In all cases. before max In
r a transfer a euch