The herald., 1921-04-21
CHARTER OF FLYNT yARNIsH
WORKS, INC.


United States of America, State of Lou
isiana, Parish of Orleans, City Of New Or
leans. BE IL known, Inat, on TINS hftn
uay OF the month OI April, i'll year of
our Lord, one thousand, nine hi dred ana
twenty-One, and OF the ludepW dence of
the United States of America, TINS one nun
dred and forty-tifth before me, William J q.
rormento, notary public, duly commits
stoned and qualified in and for the Par
lSh of Orleans, State of Louisiana, per
sonally came and appeared the several
persons, whose names are subscribed here
10, who declare that, availing themselves
OF the laws of the State of Louisiana, i'll
such cases made and provided. and par
ticularly of Act. No. 26I of 1914, they de-
sire to. and do hereby, form themselves
into a 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 Narnish
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 period of ninety nine years from
this date unless sooner legally dissolved.
1t shall have power to contract, sue
and be sued, in its cOrporated name :;
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
property, real, personal, or miXd; mort
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-
a'emts, and commercial paper generally. to
appoint such Officers, agents, managers.
and employees generally, as the business
and interests of the corporation may re-
quire; to change modify, or amend this
| g. n for nd m toll lich alt and "a
all rules, regulations and by laws 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,
to act, then upon the Vice President.
ARTICLE III-The objects and pur-
poses for which this corporation is or
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, yarnish
and paint remOvers, furniture polishes
! liquids used in paint making and color
grinding, and, in general, all products
used, or usuable, in the varnish and paint
lTdue, anu It's DrancneS.
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 for the same in cash, stock, or in
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 one
hundred dollars EACH
The capital stock of the corporation may
be increased to the sum of fifty thous-
and dollars.
No stakeholder shall sell or dispose of
any OF the stock of this corporation, with
to the other stockholders, by a letter adj
dressed to the President or to the Board
or Directors of the corporation, having
therein the lowest proposed price of said
STOCK ana 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 of
safe, or at least, terms no worse than
those proposed. the owner of the stock
shall then be at liberty to sell such stock
for not less than the said proposed price
and upon the said proposed terms, or, at
least, terms not more favorable to the
purchaser than those submitted to the
stockholders. This rule shall apply to
stock
Where the stockholders of the corpora.
ton are accorded the right of purchasing
a shareholders stock, as hereinabove set
forth, such right shall devolve upon the
SAID stockholders, first. in the proportion
Of their individual holdings of stocks. and
then ratabbly among the remaining stock
holders. should any particular stakeholder
not elect to exercise his right. and SO on.
until the right shall remain in one stock
holder. If 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 also
be entitled to demand, and shall SO de-
mand of both the seller and the pur-
CHASER OF stock In all cases, before max
ing transfer Of such stock upon the