The herald. [volume] (New Orleans, La.) 1905-1953, 1921-05-19

United States Of America, State of Lou
isiana, Parish of Orleans, City Of New Or
leans Be IL 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
dred and forty-fifth; before me, Nat w.
Bond, a 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 hereunto sub
scribed, who severally declared that,
availing 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
do, by 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 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 I.-rhe 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
ance with law and this charter, it shall
exist and continue, and shall have and en-
joy corporate existence and succession for
a period of ninety-nine (99) years from
and after the date of this act. 1t may
have, hold, receive, borrow, loan, ex-
change, acquire by grant, gift or pur-
chase, devise or bequest, sell. ALLEVIATE dis
pose of, convey, lease, pledge, pawn, n.y.
pothecate. cucumber, or mortgage prop
erty of any kind, whether real, personal
or mixed, corporal or incorporeal, NOV
able or immovable, all subject to such
M at he nv
1t may make, issue and endorse bonds or
notes and other evidences of debt. 1t may
accept mortgages, pledges or other forms
of security for money loaned or other
plead or be implicated by its corporate
name in any court of competent jurisdic-
ton. 1T may make, adopt and use 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
tions. 1t may become associated and af-
filated 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 there
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-
lions not incon sistent with this charter or
any existing law, fixing or altering the
and government of its affairs and the
manner of the certification and registra-
ton of its stock. 1t may wind up and
dissolve itself. or be wound up and dis
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 II
| 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.
ARTICLE 1.-THE dom1cile Of this cor
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
poration, or in case Of his absence. OF
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 therein
after called the trade): to maintain uni
formity in rules, regulations. and usages
of the trade; to adopt standards of CLASH
fication in the trade; to acquire, preserve
and disseminate useful information con-
nected with the trade; to decrease the
local risks attendant upon the business
and generally to promote the trade In the
City Of New Orleans, increase Its amount
and augment the facilities with which
The maintain a credit and collection de-
partment.
To subscribe to, become a member Of
and cooperate with any other person. firm
corporation or association, whose objects
are altogether. or in part. similar to these
of this company, and to procure from and
communicate to any such person. firm
corporation or association such informa-
| ton as may likely forward the objects OF
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum Of
i've thousand ($5000.00) dollars. divided
into and represented by one hundred (100)
! shares Of stock Of the par value Of fifty
| (s5O00) dollars. Said stock shall be paid
IN es ash r. s1sn the n
| scribers - may be hxed By the Board Of
Directors, or the same may be Issued 81