The herald., 1922-04-20
CHARTER
CHARTER OF CUDLIPP Betting
AND MACHINERY CO.. INC.

United States of America. State OF LOUIS
lana. Parish Of Orleans. City Of New OF
leans. Be II known, that on this eighth day
of April, in the year one thousand. nine
hundred and twenty two, Before me, Will
liam Waller Young, notary puDnc, IN
and for the Parish of Orleans, state OF
Louisiana duly commissioned and quail
fed and in the presence of the witnesses
hereinafter named and undersigned, per,
sOnally came and appeared: the several
persons whose names are hereunto SUD
scribed, all above the full age of majority.
who severally declared, that, availing them
selves Of the laws of the State OF Louis
lana. particularly Act 267 OF 1914, reiatSe
to the organization OF corporations, tney
do, by these presents, agree and BIND
themselves as well as such other persons
as may hereafter become associated with
them. to form and constitute corpora,
tion for the objects and purposes anu
under the articles and stipulations follow
ing, to-wit:
ARTICLE THE name, style and title
of this corporation shall be Cudlipp Belt
ing and Machinery Co., Inc, ana, under
that name 1t shall have and enjoy all we
rights, advantages and privileges granted
| by law to corporations, and shall exist Tor
| the full term and period OF ninety-nine
years from this date. 1t shall have power
| to contract. sue and be sued; TO MAKE
| and use a corporate seal and the same 10
alter and break at pleasure; to hold, re-
ceiye lease purchase, sell and convey, as
well as mortgage, hypothecate and pledge
property. real, personal ana mixed, cor
poreal and incorporeal; to name and hp-
| point such managers. directors, Officers,
agents and other employees as Its interest
| and convenience may require, ana TO make
and establish as well as alter and amend.
| from time to time, such bylaws, rules
aud regulations as may be necessary ana
expedient for the proper management and
government Of the affairs OF said corpora
ton.
ARTICLE 1.-THE domicile Of this cor.
| porstion Is hereby fixed In the city OF
New Orleans State Of Louisiana, and on
citations or other legal process shall b'
| served upon the President Of this cor
poration or, in his absence, upon Its Sec
| rotary treasurer.
ARTICLE III-The objects and pur
| poses for which this corporation is es
tablshed and the nature Of the bnsines
TO he carried on by II are hereby declared
to be: To do a general betting, mill sup
rIy and machinery business; to buy ant
sell all kinds Of betting, mill supplies
road machinery and machinery or al
kinds; to carry on a general merchandise
business and buying and selling; to &C
as manufacturers and others agents il
the buying and selling Of all kinds OF ar
ticles, both manufactured and unmnnu
: featured and in process OF manufacture
to import and export all kinds or good
and materials to foreign countries, as wei
rs to sell all kinds of goods In the Upite.
States: to manufacture all kinds Of ma
chinery, merchandise and materialsi q
: manufacture. buy, sell. import and ex
port and deal and trade in manufacturer
and mill supplies, engines, boilers. ma
chinery, tools, machine-sho and electri
cal supplies and appliances, foundry an,
factory supplies and hardware If a.
kinds; and generally to do and ttansac
: all business properly connected with. In
cidentN, or convenient to any Of the salt
objects and purposes.
ARTICLE Iv-The capital stock Of thi
corporation is hereby fixed at the sum o
thirty thousand dollars $3.50 ,0O000). to
divided into and represented by thre
hundred 5000 shares in the sum OF on
hundred dollars ($10000) each; said stoc
shall only be issued for cash or In pay
ment Of property actually received o
purchased by said corporation. The capl
tai stock Of this corporation may be In
creased to the sum of fifty thousand dol
lars ($50,0O000).
: ARTICLE v-AIl the corporate power
4 Of this corporation shall be exercised by
board Of directors consisting or tire
stockholders, a majority Of whom sha
/ constitute a quorum for the transactio
Of business. The directors may veto
person or by written proxy in favor
another director. The board Of director
shall elect annually from among the
number. a president. q vice-president an
liza secretary treasurer.
The first board Of directors shall consii