The herald. [volume] (New Orleans, La.) 1905-1953, 1921-10-20
CHARTER.
CHARTER OF LOUISIANA PAINT &
CEMENT CO, INC.

United States of America, State of Louis
lana Parish of Orleans, City Of New Or
leans. BE il known, that on this lOth
day of September, in the year OF our
Lord One Thousand Nine Hundred ana
Twenty one, and of the Independence OF
the United States of America, One Hun
dred and FOrty-Fiye, before me- L. D
WalmSley, Notary Public duly ComihlS-
stoned and qualified in and for the Iar-
ish of Orleans, State of Louisiana, ana
IN the presence of the undersigned wit
nesses, personally came and appeared the
several persons whose names are hereuhtO
subscribed, OF the full age OF majority,
who declared to me that, aYalllnS them
selves of the laws of this State relative
to the organization of corporations the!
have COyenanted and agreed, ana 90 Dl
these presents covenant and agree lOi
themselves, their successors ana assigns
40 form themselves into a corporation ana
body polite for the objects ana puE-
poses and under the stpulatlOus herein
set forth, tO-wlt:
ARTICLE 1.-The name and title of the
corporation shall be, Louisiana rant d
Cement Co, Inc, and under suth u'!e
shall have and enjoy succession anu eN-
istence for a period OF ninety nine yea
from the date hereof, unless sooner DIS
solved under the articles of this corpora
ton 1t shall have the power anu au-
thOrity to contract, sue ana De sutI' 1"
make and use corporate seal, the same
10 break and alter at pleasure; 10 hOld'
lease mortgage. hypOthecate or plcEEr
property. real, personal or mixed, heccs-
sary, incidental or proper Tor the carry
ing on OF its business, ana 10 JhaL emu
il may secure such obligations or pledges
of property il may have, as well a.
lease, grant or contract, together Win al
contracts or improvements placed on Sdiu
property, or leased for period OIL years
Dy the said corporation, 10 buy or HO!p
stock in any corporations that may assist
this corporation in its objects ana puF-
poses; and to make such bylaws rules
and regulations as may be necessary or
desirable for the management aud busI-
ness affairs of the corporation.
ARTICLE 1.-THE GOmicile Of this cor
pOratiOn shall be in the city OF New Ut,
leans, where all citation or other IeSal
process may be served upon the PRESIDENT
or in his absence on either the Nlce-iresL'
dent or the Secretary or Treasurer.
ARTICLE lII.-The objects OF this cor
pOratiOn are hereby declared 10 De. 10
own lease or operate factories Tor the
manufacture of roofing cement, paints or
wood preserycrS and any other place or
business incidental and necessary Tor the
exploitation of the manufactured articles,
including repair of houses, homes ana
buildings, and to that end it may deal
in any and all building materials OF what,
ever character necessary ana ihcluchIdl
to said business. 1t may lend money
negotiate loans, draw and accept: en-
dOrse, discount, buy, sell and denver
bills of exchange and promissory notes,
bonds, debentures, coupons anu OIn'L
negotiable instruments ana SECURITIES tH"I
in its Judgment may be tit ana proper.
1t may own, subscribe and receive STOCK
in any other corporation Incorporated uh-
der the laws of any state IN the Ihlieu
States or allied countries, ut the dlscre-
ton of the Board of Directors. IL may
issue notes, mortgages and other OOlSd-
tiOns by said Board, and 1t may DO 1 gen
eral building and construction business
to sell, lease or otherwise dispose OF any
and all the products of said Corporation.
ARTICLE IE-The capital stock OF
this corporation is hereby fixed at the
sum of Five Thousand Dollars (S5,OOO.OU),
divided into 100 shares of the par value
of 5000 each. No stockholder shall De
held liable or responsible for the faults.
contracts or debts of this corporation IN
any further sum than the unpaid balance
due the corporation on his stock subscflp-
ton, nor shall any mere lnfOrmallty IN
the organization have the effect of rem
dering this charter null or void or OF
exposing and shareholder to any la
bility whatsoever. This corporation shall
be a going concern when Fifty Per Cent
5000 OF the capital stock SHAH have been
paid for in cash or its equivalent. The
capital stock of this corporation may be
increased to one million dollars $1,000
0O0.0O).
ARTICLE V-The corporate powers of
this corporation shall be vested in and
exercised by a board of directors, to be
composed of five 90 stockholders, three
90 of whom shall constitute quorum.
The board of directors shall have the
power at their discretion to increase the
number of directors up to and inclusive
OF seven (7) in which event TIE majority
shall constitute a quorum.
The officers of this corporation shall
consist Of a president, vice president, a
secretary and u treasurer, all of whom
shall be members of the board of directors.
ANY two of these offices may be held, if
desired. by one and the same person.
The following named persons shall con