The herald. [volume] (New Orleans, La.) 1905-1953, 1921-01-27
CHARTER
CHARTER OF THE CRESCENT SUPPLY
CO., INC.

State of Louisiana, Parish of Orleans
City of New Orleans, BE it known, That
Oh 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
missioned and qualified, and in the pres
enCe of the witnesses hereinafter named
and undersigned, personally came and ap-
peared the persons whose names are here
unto subscribed, all above the full age of
majority, who seyerally declared, that
availing themselves of the laws Ot the
State of Louisiana, particularly Act 20.
of 1914, relative to the organization of
corporations, they do by these presents,
agree and bind themselves, as well as such
other persons as may hereafter become as
SOciated with them, to form and constitute
a corporation for the objects and purposes
and under the articles and stlpulatlOnS 1Ol-
lowing tO-wit:
ARTICLE 1.-The name and title IF this
corporation shall be Crescent supply Co,
Inc, and, under that name, Ii shall have
and enjoy all the rights, advantages and
privileges granted by law to corporations,
and shall exist for the full term and per
iOd of ninety nine years from tnlS 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, hEpn-
thecate and pledge property, real. per
sonal and mixed, corporal and incor-
pOreal; to name and appoint such man
ayers directors, officers, agents and other
employees as its interest and convent
ence may require, and to make and -
tablish, as well as alter and amend, from
| time to time. such bylaws, rules and reg
ulatiOns as may be necessary and eNpedi-
ent for the proper management and gov
| eminent of the affairs of said corporation.
ARTICLE 1.-THE dOmicile Of this cor
| pOratiOn is hereby fixed in the City 81
Orleans, State of Louisiana, and all eta
| ton or other legal process shall be served
upon the President of said corporation,
or. in his absence, upon its Secretary
| Treasurer.
ARTICLE IU.-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 declared to
be to engage In Il general furnishing and
supply business, as principal and rs agent
| in hardware, ship chandlery, paints, rail
ways, mill supplies, supplies of merchan-
disc, food, refreshments and stimulants for
ships, to engage in the business of ScllIu
goods, wares, products and merchandise
as principal or on commission, or both
and to act as general selling agents; to
import and export goods, wares, products
and merchandise of every description
and kind, and particularly to act as
selling on commission or otherwise
of said goods, wares and products; 10 en-
gage in Il general furnishing and supply
business as principal and as agent, in
hardware, ship chandlery, paint, railways
! mill supplies, ship supplies, and in con
nectiOn Herewith, to engage in general
businesses mt wholesale and retail in all
lines of hardware and supplies for paint
ers, mills, railways. ships and all other
things of similar character, and carry on
| the business of the corporation in Louis
| lana and in all OF the States of the United
States, and foreign countries; and gen
ArDl lN In Al nj Il
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 this
| corporation is hereby fixed at the sum of
| fifty thousand ($J0OO0.O0) dollars, to be
| divided into and represented by five hun
| dred 5000 shares in the sum of one hun
dred ($lOOOO dollars each; said stock
| shall be paid for when and in such install
| mentS as directed by the Board of Di-
rectors. The capital stock of this corpora
| ton may be increased to the sum of one
hundred thousand C$lOO,O0O.OO) dollars.
ARTICLE VAN the corporate powers
| of said corporation shall be exercised by
Board of Directors consisting of three
stockholders, a majority of whom shall
constitute quorum for the transaction OF
| business. The Directors may vote in per
son or by written proxy. The Board OF
| Directors shall elect annually from among
their number President. Vice President
and Secretary Treasurer. The first Board
of Directors shall consist of three stock
holders and shall be composed of Roland
5. Carriere, Cornelius A. Hecker, and
Joseph i. Vincent, with the said Roland
S. Carriere as President, said Cornelius 4
Hecker as Vice-President, and said JOSEPH
+. Vincent as Secretary Treasurer, who
shall serve until the third Wednesday IL
January, 1922, or until their successors
have been duly elected and qualified.
The post Office addresses of said Direc
tors are as follows: Roland S. Carriere
1906 Gov. Nichols Street, New Orleans
La: Cornelius a. Hecker. 1914 Hampton
Street, New Orleans, La; Joseph +. Vim
cent, 622 st. Roch Avenue, New Orleans
La. The annual meeting of stockholders
for the election of directors shall be held
on the third Wednesday in January OF
each year, unless said day be a legal holi
day, and then on the next bank day there
after. Any vacancy occurring among the
Directors by death, resignation or other
wise, shall be filled for the uneXpired tern
by the remaining Directors. Each sub
scriber hereto sets after his name his post
Office address and a statement of the mum
Der of shares of stock which he agrees tC
take in the corporation. At all elections
every stakeholder shall be entitled to one
vote for each share of stock standing il
his name on the books of the corporation
to be cast in person or by his written
proxy. 4 majority of the votes cast shall
elect.
ARTICLE Win the event of the llqui
datiOn or dissolution of this corporation
the stockholders shall elect three liqui-
| dators from among their number at q
meeting convened for that purpose, after
fifteen 15) days written notice sent To
each stakeholder by mail to his last known
address; said liquidators shall have the
authority to wind up the business and
affairs of this corporation. In case of the
| death of a hquidator, the survivors shall
appoint stakeholder as successor to him
ARTICLE VII.-The said appearers de-
| clare that they subscribe, respectively, 10
the following number of shares of the
capital stock of this corporation:
| Roland s. Carriere, two hundred and
fifty (250) shares; Cornelius A. Hecker
one hundred and twenty-five Q25) shares
and Joseph 4. Vincent, one hundred and
twenty-five Q25) shares.
And, whereas, the subscriptions of the
said Roland s. Carriere Cornelius A. Heck
err and Joseph 4. Vincent, appearers here
in, to the capital stock of this corporation
consist in property 30 be transferred to
this corporation, tO-wit:
n The entire assets of the business here
SOfOre conducted by the said Roland s
Carriere, Cornelius A. Hecker and Joseph
y. Vincent, as a partnership, under the
rm name of Crescent Supply Company in
= The premises No. 2112-l4 Magazine Street
in the City Of New Orleans, State of Lou
isiana; the said transfer of business for
stock In this corporation being in accord
| ance with the provisions OF Section 3 OF
Act 267 of the Louisiana Legislature for
the year 1914.
There Is now annexed to these articles
Of incorporation, and to be read in con.