The herald. [volume] (New Orleans, La.) 1905-1953, 1921-05-05
CHARTER OF CONTRACTORS AND
DEALERS EXCHANGE, INC.

United States of America, State of Lou
isiana, Parish of Orleans, City of New Or
leans Be ii known, That on this 22nd 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 fifth; before me- Nat w.
Bond, notary public, duly commissioned,
sworn and qualified in and for ,he Parish
OF Orleans, State of Louisiana, therein re-
siding, and in the presence of the witnesses
hereinafter named and undersigned; per-
sonally came and appeared the several
persons whose names are hereuhto sub.
scribed, who severally declared that
awaiting themselves of the benefits and
provisions of the Constitution of the State
OF Louisiana, and Of all and singular the
laws Of said State, relative to the Or
ganization of corporations, they have con-
tracted and agreed and united to form and
10, Dy these presents, contract and agree
and bind and obligate themselves to form.
organize and constitute themselves, as well
as all such other persons who may here
after join or become associated with them
or their successors, into a corporation and
body polite in law, for the objects and
purposes and under the conditions, cove
nants, stipulations and agreements Of the
articles followings, to-wit:
ARTICLE 1.-The name mad title of this
corporation shall be Contractors and Deal
ers Exchange, Inc, and under and by said
name, unless sooner dissolved in accord
exist and continue, and shall have and en-
JOY corporate existence and succession for
period of ninety-nine 500 years from
and after the date of this act. 1t may
change, acquire by grant, gift or pur-
chase, devise or bequest sell, ALLEVIATE dis
pose OF, convey, lease, pledge, pawn, by.
pothecate, cucumber, or mortgage prop
erty Of any kind, whether real, personal
or mixed, corporal or incorporeal, NOV
able or immoyable, all subject to such
limitations as may be prescribed by law.
1t may make, issue and endorse bonds or
notes and other evidences of debt. 1t may
accept mortgages, pledges or other forms
or security for money loaned or other
debts. 1t may contract, sue and be used,
plead or be implicated by its corporate
name in any court of competent jurisdic-
ton. 1t may make, adopt and use a cor
porate seal and alter or break the same
at pleasure. 1t may hold stock in other
corporations, and its capital stock may be
issued for capital stock in other corpora
tons. 1t may become associated and af-
Mated with any other person, firm or
corporation, or association, and to CO.
operate with them in the carrying on of
corporate business in order to advance the
interests of the corporation, if deemed
necessary by the Board of Directors, and
to that end, may take such steps as may be
necessary for the accomplishment hereof.
1t may subscribe to membership in other
corporations, having like objects and pur-
poses as that for which this corporation
Is Incorporated or matter connected tnere-
with or cognate thereto, and may take
part in all civic movements having for
their object stimulation of interest in the
corporation. 1t may name, appoint and
employ such managers, attorneys, direc-
tors, officers, agents and other employees
as its interests, business and convenience
may require and for such period of time as
the Board of Directors may deem desir-
able, and may fix their compensation, hav-
ing due regard to the nature, character
and value Of their services. 1t may make
and establish bylaws, rules and regula-
tons not inconsistent with this charter or
any existing law, fixing or altering the
management of its property, the regulation
and government of its affairs and the
manner of the certifcation and registIa-
ton of its stock. 1t may wind up and
dissolve itself, or be wound up and dis
solved in the manner prescribed by law.
1t shall have the power to invest its
Board of Directors with all of its cor
porate powers, subject to such restrictions
as may be named in this charter. And it
generally shall have and possess all the
powers, rights, privileges and immuni-
ties which corporations are and may here
after be authorized to have and possess
under the Constitution and the laws of
this State.
poration shall be the City of New Orleans,
Parish of Orleans. State of Louisiana, and
all citations or other legal process shall
be served upon the president of this cor
inability to act, upon the vicepresident,
or in case of the absence or inability of
both the president and vice-president to
act, then upon the treasurer of this cor
poration.
ARTICLE III.-The objects and pur-
poses for which this corporation is FORM
ed. and the nature of the business to be
carried on by 1t, are hereby declared to
be. to provide, regulate and maintain a
suitable building, room or rooms. for a
contractors. sub-contractors and material
dealers exchange in the City of New Or
leans; to adjust controversies between its
members; to establish just and equitable
principles in the building trade (herein-
after called the tradel: to maintain uni
formity in rules regulations, and usages
Of the trade; to adopt standards Of CLASH
ication in the trade: to acquire. preserve,
and disseminate useful information con-
neeted with the trade; to decrease the