The herald., 1921-06-30
CHARTER.


missioned and sworn IN for the Parish OF
Orleans and City OF New Orleans. therein
residing, personally appeared. the persons
whose names are hereuntO subscribed.
who declared that, avalling themselves of
the provisions of the laws of this State.
relative TO the organization or corpora
tons, and more particularly Act No. 26I
Of the General Assembly Of this State,
approved July ., 1914 they have covenant
ed and agreed and do, by these presents,
covenant and agree, bind, form and con-
stitute themselves, as well as such persons
who may hereafter Join or become assU.
ciated with them. into a corporation and
body polite in law, for the objects ana
purposes and under the agreements and
supnlations following, to-wit:
ARTICLE THE name and style OK this
corporation shall be, GENTLY Builders
Supply Co, Inc, and, under that name,
IL shall have and enjoy all the rights, ad-
yantages, and privileges granted by law
to corporations; il shall exist for the
period Of ninety nine years from this day.
it shall have power to contract, sue and be
sued in its corporate name; To make and
use Il corporate seal, and the same TO
| break or alter at pleasure; TO hold, re-
ceive. purchase, convey, mortgage, hypo-
| theCate or pledge property, both real and
personal; TO issue bonds, notes and other
| obligations or negotiable instruments; 10
| have and employ such managers, directors,
/ officers, agents and other employees as the
| interest and convenience Of said corpora
| tion may require or demand to make and
tsblish such bylaws, rules and regula.
| tiOns for the corporate mana gement and
| control Of the affairs OF the corporation
| as may be deemed necessary ami eNpedieut
| ARTICkE 1.-THE dOmicile of said cor
poratiOn shall be established in the City of
| New Orleans, in this State, but II may
establish Offices and agencies throughout
the United States, or foreign countries. All
citations and other legal process shall be
served on the President, and, in his alb
| sence. on the Nice-President of the cor
pOratiOn.
ARTICLE III-The objects and purposes
for which this corporation is organized
and the nature of the business to be aCr'
ried on by it, are hereby declared TO be
| to deal in. buy, sell. cOnsign and receive
on consignment, building materials OF al
character; TO operate mills and factories
for the manufacture Of articles OF wood
cement, plaster, etc, including the manu-
faCture Of buildings fer ready erection; Il
purchase and sell real estate; to deyeloI
lands by the creation of Subdivisions, q
erect buildings for sale on terms; anC
generally TO do and engage In any othel
business, undertaking or enterprise con
nected with, growing out of, germane OIL
incidental TO any of the purposes herein
above set forth, or contemplated by thi
charter.
ARTICLE IV-The capital stock o
said corporation is hereby fixed at fift!
thousand dollars, divided into five hun
dred shares o. the par value OF one hun
dred dollars each. All shares OF stool
|
transfer of stock shall be binding upOI
the corporation unless made upon IL
books and all certificates of stock shall b.
signed by such officers as may be de
signated by the Board of Directors.
| This corporation shall have the right I,
increase its capital stock to a further sun
of one hundred thousand dollars, to b
divided into shares OF one hundred dol
! lars each, provided said increase in tn
capital shall have been authorized by tn
stockholders at meeting to be held pur
suant to the provisions of Article Y. o
| this charter.
ARTICLE V-All the corporate power
of the company shall be vested in, and tn
! management and control of its affairs shall
be exercised by a Board of Directors com
, posed of three stockholders, the member
ship of which may be increased to mum
: br not exceeding five, at the discretion o
, the Board of Directors. A majority of tn
directors shall constitute n quorum 70
the transaction of all bushes. The d
: rectors shall be elected annually by bal
lot on the third Thursday in May of eac
) year. Each stakeholder shall be entitled 4
person or by proxy to vote for ever
share owned by him, and all election
shall be held under such rules and regula
5 tons as may be determined by the Boar
: Of Directors, after fifteen days notice b
mail of such election shall have been sen
to each stakeholder at his last known &C
e dress. The directors thus elected sha
: continue in office for one year, or unit
$ their successors shall have been dull
e elected and qualified. No failure to ele,
shall be regarded as forfeiture of thl
3 charter. Any vacancy occurring on sal
n Board shall be filled by the remaining d
Z rectors for the unexpired term; the sal
: Board shall likewise elect the additions
r members in case they should determine
s increase the number Of said Board. Sal
n Board of Directors at its first meetiI
o after its election, nominate out of its nun
: Der, a President a Vice-President and
o Secretary-Treasurer. 1t may divide q
functions of the last mentioned officer an
8 may elect Secretary who need not
: | either a director or stakeholder. Sal
?. Board shall have the right to appoint an
4 dismiss such clerks, managers and oth'
2 employees of the corporation, including Il
Q secretary who is not a stakeholder, as col
i. ditions may justify or the business Of Il
: corporation may require. The tenure
d office of all the employees of the corpor
t ton shall be during the pleasure Of Il
3 Board of Directors.
o ARTICLE VINO stakeholder shall ev,
i be held liable or responsible for the col
tracts, faults or debts of said corporation
u nor shall any mere informality in its o.
4 ganization have the effect of rendering tn
e charter null. or of exposing a stockhold'
to any liability beyond the unpaid balan,
V due on the shares owned by him.
# ARTICLE VII-This act of incorpor
II ton may be changed. modified or altere
II or this corporation may be dissolved, wit
8 the assent of the stockholders owning tw,
h thirds OF all the stock of the corpOratio
h at general meeting convened 1Or TN
: purpose, and after at least fifteen day
d written notice of this meeting has bee
d given through mail, addressed to eaC
: stakeholder at his last known place
A residence
10 ARTICLE VIII-Whenever this corpOr
-e ton shall be dissolved from any cause, 4
d affairs shall be liQuidated by three stOc
r, holders, to be appointed at a gener
II meeting of stockholders convened for tn
n purpose of liquidation, as hereinafter pr
q vided, each share of stock being entitlt
IL to one vote, to be cast either by the hold
8 In person or by proxy. Said commissions
v shall remain in office until the affairs
!: said corporation shall be fully settled al
Il liquidated, and they shall have full pow
< and authority to transfer and give tit
l. poration and to distribute the proceed
h In case of death, disability or resign
II ton OF one or more commissioner or cor
Is missioners, the vacancy shall be filled !
d the remaining commissioner or commi
~ siOners.
v ARTICLE IX-Until the next gener
i meeting to be held under this charter
n the third Thursday of May, 1922 or uni
2 their duly qualified successors are elect,
is and installed, the board of directors shs
y be composed Of: Roch f. T.. de Montluzi
l. 9O1S Ounce Street. New Orleans La
I; Michael A. Baccich, 1915 Soniat Sire.
Ct New Orleans. La; and W. l.. Yancy 46
Music Street, New Orleans, La, with q
r said Roch Il. +. de Montluzin as PresideI
II the said Michael A. Baccich. as Vice Pre-,
It dent, and the said W. l.. Yancy, as Seer
4 tary- Treasurer.
y In order that this charter may serve
m the original subscription list, subscribe
10 hereto have indicated OpDosite their I