The herald., 1921-09-22
CHARTER.
CHARTER OF LOUISIANA PAINT &
CEMENT CO.. INC.

leans. BE it known, that on this lot
day of September, in tine year OF gu
Lord, One Thousand Nine Hundred an
Twenty-OnC, and of the Independence u
the United States Of America, One Hun
dred and Forty Five, before me, L. !
Walmsley, Notary Public, duly commits
stoned and qualined i'll and for the Par
ish OF orleans, State of Louisiana, an
IN the presence OF the undersigned Wit
nesses, personally came and appeared TIA
several persons whose names are hereunt
subscribed, of the full age of majority
who declared to me that, ayailing them
selves of the laws of this State relatiy
TO the organization of corporations, the.
have cOyenanted and agreed, and do b.
these presents covenant and agree 70
themselves, their successors and assigns
to form themselves into corporation anC
body polite for the objects and pur
poses and under the sdpulatiOns herein
Set forth, to-wit:
ARTICLE 1.-The name and title Of tn,
corporation shall be, Louisiana Paint ~
Cement Co., Inc, ana under such it'll,
snail nave ana enjoy succession and eA'
lstence Tor d period Of ninety nine years
from the date hereof unless sooner dis
solved under the articles OF this corpora
ton. II shall have the power ana au
IhOrlty 10 contract, sue and be sued 10
make ana use a corporate seal, the same
to break ana alter at pleasure; to mold,
lease, mortgage, hypOtnecdte or plekge
property, real, personal or mixed, neces-
sary, incidental or proper for the carry
ing on OF its business, and to that end
IL may secure such obligations or pledges
Oh property it may nave, as Well as
lease, grant or contract, together with all
contracts or improvements placed on saIu
property, or leased Tor a period OF years
Dy the salu corporation; To buy or hold
stock in any corporations that may assist
this corporation in its objects and pur-
poses ana TO make such bylaws, rules
and regulations as may be necessary or
desirable tor the management and bust
Ness affairs OF the corporation.
ARTICLE 1.-THE domiciIe OF this cor
pUraIIOn sHaII be III the CiLy VI New Or
leans, where all citation or other legal
process may be served upon the President
Ga IA AIS absence Oh either the kice-rresI-
dent or the secretary or Treasurer.
ARTICLE II-The objects of this cor
pOratIOn are hereby declared to be: 10
own, lease or operate factories Tor the
manufacture OF roofing cement, paints or
wOOu preserEers ana any other place or
business incidental ana necessary tor the
exploitation Oh the manufactured articles,
including repair Oh houses, homes anu
buildings, ana to that euu il may deal
Ia ANY and all building materials Oh what
ever character necessary ana incidental
10 said business. Ii may lend money,
negotiate loans, draw ana accept,
dOrse, discount, buy, sell and deliver
bills OF exchange ana prOmIssOry notes.
bonds, deDentures, coupons ana other
negotiable Instruments ana securities InaI
. IA itS JuuSutul may De III anu proper.
~ may own, subscribe ana receive stock
IN any other corporation incorporated I'M
DER Tue laws Ol any state in the United
States or allied countries, at the diScre-
ton OF the Board OF Directors. Ii may
issue notes, mortgages and otner obliga-
tOns Dy said Board and IL may do a gen
eral building and construction business,
10 sell, lease or otherwise dispose OF any
ana all the products OF SAID Corporation.
ARTICLE lV.-The capital stock OF
this corporation is hereby liked at the
sum Oh rive Thousand Dollars ($5,UU0OUJ,
dl'lued into lUO shares OF the par value
OF S0O.OO each. No stockhOlder shall be
hcld liable or responsible for the faults,
contracts or debts of this corporation in
ahy further sum than the unpaid balance
que the corporation on his stock suDscrip-
tion, nor shall any mere informality IN
the ORGANIZATION nave the effect OF rem
ueilhg this charter null void or OF
exposing and shareholder to any liza |
DilIy whatsoever. This corporation shall
De going concern when Fifty Per Cent
looIo1. OF the capital stock shall have been |
pald Tor In cash or its equivalent. The
capital stock OF this corporation may be
Increased to one million dollars $1,000 |
OUO.O0).
ARTICLE E-The corporate powers of |
this corporation snail be vested in and
exercised by board OF directors, to De |
composed of hive (5) stockh holders three
10 of whom shall constiute 0uorum
Inc board of directors shall have the |
power at their discretion to increase the
number OF directors up to and inclusive
oi seven lD Ill which event the In,1ority
snail constitute quorum.
Inc officers Of this corporation shall
consist VI president, vice-president n
secretary and a treasurer ali of whom
snaii pe members OF the board of directors
ANY Two OF these Offices may be heId If |
uesired' D! one ana the same person
The following named persons shall con.
s s the hrst board OF directors: Nj. l.. |
MeyerS, Chas. W. Nichols II \ WaIms
Iey' Henry Meyers, h. j. Semmes. the first
VI whom snail be president, the second |
naheu VICE president, the third treasurer
anu tne last named secretary.
these directors shall serve until the
t. Monday In October, 1872, and until
thelr successors are elected An ehctinns
Tor directors shall be by ballot ana .sb
stockhoider shall be entitled to one vote
tor each share OF stock standing in bis
,, on the books of the corporation ar
the time OF the ballot. This vote will no |
cast IN person or by proxy and II IshaII
require majority Of sIock present or re- |
presented, to elect. Failure to elect
S ooard OIL directors at a stipulated time
snail not work as a forfeiture of This char
Yer, put the ola board OF directors snatI |
elected. nc" ooaro Is
AhIiCLE Nl-The board of directors
anan noid such meetings and at sucb
p ~. as may be liked by the bylaws of
sne corporation. The first board OF di
feetors OF this corporation shall he ra-
quireo TO draft suitable bylaws at its
hrst meeting, which may be aItarad as
amended at will by the board of directors
ARTICLE yII-The stock of this .or
DURATION may be transferred provided Snch [
:. ahsIer De recorded upon the hoax 90 |
sne corporatlon. and before IL shall no 70
gurea 10 recognize the TRANSFER or tn q
a1o noiuer OF said stock, but the total
is The sr y, STOCK as hereinabove set forth !
Tue sum OF $5,0OOOO which IL barah.. | q
authorized fully paid and non-ass.usaey
ARTICLE VIII-This cbarter man :
nouilled or altered, the capital stock thsro a
~ Increased or decreased or the cornore a
e.os u, may De dissolved with the copsant .
ent or ourtns OF the capital stock. Dres. /
stoek hoiSp. at any meeting OF the C
ehhoiuers held for that burmese So C
PILOT notice in writing to each stnots d
noloer or mailed to him at his lat Lno..
post Office address iaS' KNOWN @
,ha r,ar ~ tiA-At the expiration of this r
earlier dissolution of this "
any cause, its affairS shar, !,
one or more liquidators | a
tne stockholders to be se G
stockholders, ali of whov, n
In said corporation "a | 1,
( o. are hereby vested ,,;tS | a
RoWer and authority to Iionidato IN n
LIFTS Oh the corporation. tue q
ARTICLE X-The subscrin.rs s
Lave eaeh written opposite their nama 0
ne NUMBER OF shares Subscribed snr
a' tnis ACT may also serve as the or;ai
"a SUBSCRIPTION, said substitution 20 | I
'aiu III cash or Its equivalent "e