The herald., 1921-02-03
CHARTER
CHARTER OF THE CRESCENT SUPPLY
CO, INC.


state of Louisiana. Parish of Orleans,
City of New Orleans, BE it known, That
ON this third day OF January, in the year.
one thousand, nine hundred aud twenty
one; before me, william Waller Young.
notary public, in and for the Parish OF
Orleans State of Louisiana, duly com
miSSionrd and qualified. and in the pres
ence of the witnesses hereinafter named
and undersigned, personally came and ap-
peaTed the persons whose names are here
unto subscribed, all above the full age of
majority who severally declared, that
availing themselves OF the laws Of the
State of Louisiana, particularly Act 26i
of 1911, relative to the organization of
corporations, they do by these presents,
agree and bind themselves, rs well as such
other persons as may hereafter become as
Sociatcd with them, to form and constitute"
Il corporation for the objects and purposes
and under the articles and stipulatiOnS 1ol
lowing tO-wit:
ARTICLE 1.-The name and title Of this
corporation shall be Crescent supply Co.
Inc, and, under that name" Ii shall have
and enjoy all the rights, advantages ana
privileges granted by law to corporations,
and shall exist for the full term and per
iOd of nincty-ninc years from tnis day.
1t shall have power to contract. sue and
be sued TO make and use Il corporate seal,
and the same to alter ana break AT pleas
ure: to hold, receive, lease, purchase, sell
and convey, as well as mortgage, hypU-
theCatc and pledge property, real. per
Sonal and mixed. COrpOTtal and inCOr-
poreal, to name and appoint such man
ayers directors, officers, agents and other
employees as its interest and convent
cncr may require, and to make and -
tabliSh. rs well as alter and amend, from
time TO time, such bylaws, rules and reg
ulatiOns as may be necessary and eNpcdi
ent for the proper management and gov
ernmcnt of the affairs of said corporation
ARTICLE 1.-THE domicile of this cor
| pOratiOn is hereby fixed in the City oI
| Orleans, State OF Louisiana, and all cita.
tiOn or other legal process shall be served
upon the President of said corporation
or, in his absence, upon its Secretary
| Treasurer.
| ARTICLE III.-The objects and pur
poses for which this corporation is or
| ganiZed and the nature of the business Il
| be carried on by 1t are hereby declared tC
| be to engage i'll 4 general furnishing and
| supply business, as principal and as agent
| in hardware, ship chandlery, paints, rail
ways, mill supplies, supplies of merchan
| disc food, refreshments and stimulants fol
| ships, to engage i'll the business OF svllIu-
| goods. wares, products and merchandise
| as principal Or on commission, or both
| and to act as general selling agents; I,
| import and export goods, wares, products
! and merchandise of every description
and kind. and particularly to act a.
| agent, agents and brokers for the
| selling on commission or OtherwiS,
| of said goods, wares and products; TO en-
| gage in Il general furnishing and supply
business as principal and as agent, il
| hardware ship chandlery. paint, railways
| mill supplies, ship supplies, and i'll con
| nectiOn Herewith, to engage in genera
| businesses at wholesale ana retail i'll al
| lines of hardware and supplies for paint
ers, mills, railways, ships and all Othel
| things of similar character, and carry OIL
| the business of the corporation in Louis
| lana and in all of the States of the United
| States, and foreign countries; and gen
| orally to do and perform all things peril
| nent and incident and which may be prop
| er and necessary to carry out and execute
| the objects and purposes of this corpora
| ton.
ARTICLE IV.-The capital stock of thi
| corporation is hereby fixed at the sum q
| fifty thousand (SJOOOO.OO) dollars, to b.
divided into and represented by five hun
dred (JOO) shares in the sum of one hun
dred ($lO0O0D dollars each; said stOcl
| shall be paid for when and i'll such install
ments as directed by the Board of hi
| rect0rs. The capital stock of this corpora
tiOn may be increased to the sum OF on
hundred thousand ($lO0,OO0.0O) dollars.
| ARTICLE V.-All the corporate power
| of said corporation shall be exercised b.
Il Board of Directors consisting of thre
stockholders, a majority of whom shal
constitute a quorum for the transaction O
| business. The Directors may vote in per
son or by written proxy. The BOaru q
Directors shall elect annually from anon
their number Il President, a Eice-Presiden
and Secretary Treasurer. The first Boar
| of Directors shall consist of three stool
holders and shall be composed of ROlan
). Carriere, Cornelius y. Hecker, an
Joseph +. Vincent, with the said ROlan
5. Carriere as President, said Cornelius :
| Hecker as Nice-preSident, and said j J0Sep
f. Vincent as Secretary Treasurer, wn
shall serve until the third Wednesday
January, 1922, or until their successor
have been duly elected and qualified.
The post Office addresses of said Dire
, tors are as follows: Roland S. Carrier
1906 Gov. Nichols Street, New Orlean
, La; Cornelius y. Hecker, 76li HamptO
Street, New Orleans, La; Joseph +. Vii
cent 622 st. Roch Avenue, New Orlean
La. The annual meeting of stockholdeI
for the election of directors shall be hel
on the third Wednesday in January {
, each year, unless said day be legal hol
day, and then on the next bank day there
after. Any vacancy occurring among I'll
Directors by death, resignation or othe
wise, shall be filled for the uneXpired teri
by the remaining Directors. Each SUI
scriber hereto sets after his name his pos
Office address and statement OF the nun
ber of shares of stock which he agrees [
take in the corporation. At all election
| every StOckhOlder shall be entitled to Oh
| vote for each share of stock standing j
his name on the books of the corporation
to be cast in person or by his write
proxy. a majority of the votes cast sha
elect.
ARTICLE Win the event of the liqu
dation or dissolution of this corporation
the stockholders shall elect three LOU
dators from among their number at
meeting convened Tor that purpose, afte
fifteen 15) days written notice sent I
each stockholder by mail to his last know
address; said HquidatOrs shall have th
authority to wind up the business an
affairs of this corporation. In case of th
death of a liquidator, the survivors sha
appoint stakeholder as successor to hin
ARTICLE VII-The said appearers d.
clare that they subscribe, respectively,
the following number of shares of til
capital stock of this corporation:
Roland s. Carriere, two hundred an
: fifty (250) shares; Cornelius A. Hecke
one hundred and twenty (125) shares
and Joseph L. Vincent, one hundred an
twenty-five 125) shares.
: And, whereas, the subscriptions of I'll
said Roland s. Carriere, Cornelius A. Heel
} er, and Joseph L. Vincent, appearers her,
in, to the capital stock of this corporation
consist in property to be transferred
! this corporation, to-wit:
The entire assets of the business her
, tOfore conducted by the said Roland
, Carriere, Cornelius A. Hecker and JOSEF
> +. Vincent, as a partnership, under Il
! firm name of Crescent Supply Company
the premises No. 2112-14 Magazine Stree
in the City of New Orleans, State of Lot
isiana; the said transfer of business Il
stock in this corporation being in accort
ance with the provisions of Section 3
/ Act 267 of the Louisiana Legislature Il
the year 1914.