The herald. [volume] (New Orleans, La.) 1905-1953, 1921-06-23
CHARTER.

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whose LAM tbat availing themselves OF
W. nrovisions of the laws OF TINS STAT
relative to the organization ol ~ 5S7
tons, and more partl ,,hir ~ mis- state.
onprnycd July o, 1914, they have coNthans
cd and agreed and do, by theSe pa cnn
covenant and agree, blnu' lSi .,b "' ,,ars0us
stitute them selves as well as Such P'lso"H
RI may hereafter join or become ass",
lated with them into a Corporate a,,T
hSdv polite in law. for the oDJeots AMI ami
nurnoses and under the agreement ''
stipuIations following, to-Wit. ,bis
kRTICIE 1.-The name ana style o. ihla
corporation shall be, Genthiy buIlurds
| supply Co, Inc. and, under tnai n"n "a
j. pbail have and enjoy all the rights ad-
/ vantages, and privileges granted ny Ia"
| I" corporations; it shall eAlst lol an, ~
period of ninety nine years diVi', ~ and be !
! II shall have power to contract sue anu u
| sued in its corporate name 10 hlake anu
! use a corporate seal; ana the SAM ~
| break or alter at pleasure " n''i Lvio |
| Caive purchase convey, mortgage hSPo, !
| tbacate or pledge property, DOth rear anu
! personal; TO issue bonds notes anu othto |
! obligations or negotiable instr t,, "
| have and employ such managers dlrectoiS'
! officers agents and other employees as the
| interest and convenience or salu cVlpoia.
! tion may requiEe or demand; 10 ndht anu
| establish such bylaws, rules ana resula |
t;ons for the corporate management ana
control of the affairs of the corporallon
| as may be deemed necessary ana eApeuleht.
! ARTICLE 1.-THE domicile OF saln cor
| noration shall be established in the city OF
| Now Orleans, in this State, but IL may
| establish Offices and agencies throughouI
the United States, or foreign Coun Iii he
! CITATIONS and other legal process shall De
| served on the President. and, IN MS ho-
! sence on the Vice President OF the cor
poration.
ARTICLE III-The objects and purposes
! for which this corporation Is OrgahlEeu'
| and the nature of the business 10 De acr-
ried on by it, are hereby declared to De:
to deal in buy, sell, consign ana reCeNT
| on consignment building materials OF an
character; to operate mills and factories
for the manufacture of articles OF "oOu'
cement plaster, etc, including the manu-
facture of buildings for ready etee. doHo,o ~
lands by the creation of Subdivisions 10
erect buildings for sale on terms ana
generally TO do and engage IN any olner
business undertaking or enterprise CON
nected with growing out of, germane or
incidental to any of the purposes herein
above set forth, or contemplated Dy thls
ARTICLE Iv-The capital stock OF
said corporation is hereby fixed at hfty
thousand dollars, divided into hve nun
dred shares of the par value OF one nun
, dred dollars each. All shares OF stock
shall be full paid and non -aSsessaDle no
transfer of stock shall be binding upon
, the corporation unless made upon us
books and all certificates of stock shall De
signed by such officers as may be de
} signated by the Board of Directors.
This corporation shall have the right 10
| of one hundred thousand dollars, TO De
divided into shares of one hundred dol-
lars each, provided said increase IN the
capital shall have been authorized by the
stockholders at a meeting to be held pur-
! suant to the provisions of Article V, OF
!. this charter.
=, ARTICLE v-An the corporate powers
' of the company shall be vested in, and the
management and control of its affairs shall
be exercised by a Board Of Directors COM
posed of three stockholders, the member
hrt .anY sod a
. br not exceeding five, at the discretion Of
4 the Board of Directors. A majority OF the
|. directors shall constitute quorum for
i the transaction of all bushes: The oil
rectors shall be elected annually by bal
lot on the third Thursday in May of each
year. Each stakeholder shall be entitled in
ssre owned SF e Py him and 0t all %
= shall be held under such rules and regula,
: tons as may be determined by the BOARD
Of Directors. after fifteen days netlce by
mail of such election shall have been sent
| to each stakeholder at his last known al.
> dress. The directors thus elected shall
: continue in Office for one year. or until
y their successors shall have been duly
e elected and qualified. No failure to elect
l. shall be regarded as forfeiture or TINS
: charter. Any vacancy occurring on said
= Board shall be filled by the remaining di-
y rectors for the unexpired term; the said
5, Board shall likewise elect the additional
J. members in case they should determine 10
e increase the number of said Board. said
d Board of Directors at its first meeting
} after its election, nominate out or Its mum
e Der, a President. a Vice-President and a
4, Secretary Treasurer. 1t may divide tht
lie functions of the last mentioned officer and
may elect Secretary who need not be
le either a director stakeholder. Said
N Board shall have the right to appoint and
K dismiss such clerks, managers and Other
h employees of the corporation, including tbs
Of secretary who is not a stakeholder, as con
TT ditions may justify or the business of tbs
t corporation may require The tenure Of
i'd office of all the employees of the corpora
;" ton shall be during the pleasure of the
III Board Of Directors.
ARTICLE VINO stakeholder shall evel
Of be held liable or responsible for the con
Ii tracts. faults or debts of said corporation
e, nor shall any mere informality in its or
IN ganizatiOn have the effect of rendering thi
r, charter null; or Of exposing a stockholde
le to any liability beyond the unpaid balanc
It due on the shares owned by him.
y ARTICLE yII-This act of incorpora
tie ton may be changed, modified or altered
re, or this corporation may be dissolved, witt
1t, the assent of the stockholders owning two
ii, thirds of all the stock of the corporation
re- at general meeting convened for tina
Sc purpose, and after at least fifteen days
to written notice of this meeting has bee
h given through mail. addressed to eac
or stakeholder at his last known place Q
.e- ARTICLE vIII-whenever this corpors
or ton shall be dissolved from any cause, il
vi affairs shall be liquidated by three stocl
es, holders to be appointed at gener'
ay purpose of liquidation, as hereinafter pre-
M vlded, each share of stock being entitle
nv 10 one vote, to be cast either by the holde
ay In person or by proxy. Said commissioner
aal snail remain in office until the affairs ,
ire said corporation shall be fully settled an
a hquidated, and they shall have full powe
lg- and authority to transfer and give tit
M to all the property and assets of the col
m poration and to distribute the proceed
cir In case of death, disability or resigns
vi tlon or one or more commissioner or con
re missloners, the vacancy shall be filled
II the remaining commissioner or commits
a sioners.
his ARTICLE IX-Until the next gener
or meeting to be held under this charter @
nv the third Thursday of May, 1922, or unit
az their duly qualified successors are electe
nd and Installed, the board of directors sha
nd be composed of: Roch f. E. de Montluzi
IA 9OlS Ounce Street. New Orleans La
Nv Mlchael A. Baccich, 1915 Soniat Stree
~ New Orleans. La; and W. l.. Yancy. 40
MS Music Street, New Orleans, La with Il
M SAID Koch f. K. de Montluzin as Presiden
II, the said Michael A. Baccich as yice-Pres
- Dent, and the said W. l.. Yancy as Seer
iru tary- Treasurer
ale In order that this charter may serve ,
iny the original subscription list subscribe
NY hereto have indicated opposite their i
rs spective signatures the number of shar
i IN OF stock subscribed by each of them.
.s Se Thus done and passed in this office,
III In