The herald., 1922-05-18
CHARTER OF
LUMBERTON BROOM AND MOP
HANnIE FACTORY INC

|
HANDLE FACTORY, INC.
United States of America. State OF
| Louisiana. City of New Orleans. Be il
| known that on this tenth day OF May
/ in the year one thousand nine hundred
and twenty-five, before me, FELlA j
DREiFoUS. a Notary Public duly com,
| missiOned and sworn in for the Parish
| of Orleans and City of New Orleans
| therein residing, personally appeared the
persons whose names are hereunto SUD
| scribed, who declared that, awaiting
themselves of the provisions of the laws
of this State relative to the organization
of corporations, and more particularly
! Act 267 of the General Assembly of this
| State, approved July 8, 1914. they have
covenanted and agreed, and do by these
presents covenant and agree, bind, form
and constitute themselves. as well as
such persons who may hereafter JON
or become associated with them, into a
corporation and body polite in law for
the objects and purposes and under the
agreements and stipulations following,
to-wit:
ARTICLE l. The name and style Of
this corporation shall be kTMBERT -
TORY, INC. and under that name IT
shall have and enjoy all the rights, ad-
vantages and privileges granted by law
to corporations; it shall exist for the
period of ninety nine years from this
day: it shall have power to contract, sue
and be sued in its corporate name; TO
make and use corporate seal, ana the
same to break and alter at pleasure; to
hold. receive. purchase. convey, mortgage,
hypothecate or pledge property, both
real and personal; to issue bonds. notes
and other obligations or negotiable in
struments; to have and enjoy such man
ayers, directors, officers, agents and
other employees as the interest and con-
venience of said corporation may require
or demand; to make and establish such
bylaws, rules and regulations for the
-nNa araN and fEnl ~ a
affairs of the corporation as may be
deemed necessary or eXpedient.
ARTICLE II. The domicile of said
corporation shall be established in the
City of New Orleans. State of Louisiana
and all citations and other legal process
shall be served on the President; in his
absence. on the Vice President. and in
the absence of both. on the Secretary.
ARTICLE III. The objects and pur-
poses for which this corporation is
formed and the nature of the business
to be carried on by 1t are hereby de-
clared to be: To buy. sell and deal in,
at wholesale and retail. to consign or
receive on consignment. and to manu-
facture broom and mop handles and
other articles of woodenware or of do
nestle use; and generally to engage in
and carry on any other enterprise or
business which may be germane or Incl
dental to. or connected with, the pur-
poses hereinabove set forth or contem-
plated by this charter.
ARTICLE ". The capital stock OF
this corporation is fixed at the sum of
divided into Three Hundred 5000 Shares
of the par value of One Hundred Dollars
(S10O.UOj each. All shares of stock shall
be full paid and non -assessable. No
transfer of stock shall be binding upon
the corporation unless made upon Its
books. and all certificates of stock shall
be signed by such officers may be
designated by the Board of Directors.
This corporation shall have the right
to increase its capital stock to the fur
ther sum of One Hundred Thousand Dol
lars $500. 0O0.00), to be divided also into
shares of One Hundred Dollars (S10O.OO)
each, provided said increase In the cap
ital stock shall have been authorized by
the stockholders at a meeting to be held
pursuant to the provisions of Article
of this charter.
Of this company shall be vested in, and
the management and control of its affairs
shall be exercised by, a Board of Direc-
tors composed of three stockholders. the
membership Of which board may be in;
directors shall constitute a quorum for
the transaction of all business. The
directors shall be elected annually, by
ballot, by the stockholders on the third
stakeholder shall be entitled in person
or by proxy, to a vote for every share
owned by him, and all elections shall
De nelu unuer Sucn rules ana reguld-
tons as may be determined by the
Board of Directors. after fifteen (15) days
notice by mail of such election shall have
been sent to each stakeholder at his last
elected shall continue in office for one
year, or until their successors shall have
been duly elected and qualified. No
failure to elect shall be regarded as a
forfeiture of this charter. ANY vacancy
occurring on said board shall be filled
by the remaining directors for the I'M
expired term; the said board shall like
wise elect the additional members in case
they, should determine to increase the
number of said board. Said board shall
at its first meeting after its election
nominate out of it's number n President
Treasurer. a Vice-President, and a Sec
rotary. Said board shall have the right
to consolidate or segregate any two of
said offices into one and to appoint a
Secretary who need not be either a direc-
tor or stakeholder. as also the right to
appoint and dismiss such clerks, man.
ayers and other employees Of the cor
poratiOn as conditions may justify or
the business of the corporation may re-
quire. The tenure of office of all the
Of the corporation shall be
during the pleasure of the Board of
Directors. Any. of the directors shall
have the right to appoint. by written
instrument, another director or stock
holder to act as his proxy and in his
stead at any and all meetings of the
ARTICLE vi. No stakeholder shall
ever be held liable or responsible for
the contracts, faults or debts of said
corporation. nor shall any mere infor-
mality in its organization have the effect
OF rendering this charter null. or of ex-
posing stakeholder to any liability be-
yond the unpaid balance due on the
ARTICLE VII. This act Of incorpor-
alton may be changed, modified or altered.
or this corporation may be dissolved,
with the assent of the stockholders own
ing two-thirds of all the stock of the
corporation, at a general meeting con-
vened for that purpose. and after at least
zen days written notice of this meet |
ing mas been given through mail, ad- |
dressed to each stakeholder at his last |
known place Of residence. In case of |
dissolution by the expiration of this |
charter or otherwise. the stockbolders
shall elect three liquidators from among |
Lneir number to liquidate and settle the |
business and affairs of the company, In |
case or death or disability OF any of said |
or hquidators. the sur
EIvors or the remaining liquldators shall
ippoint successor to him. The said
lquidators shall have full power TO
settle said company's affairs, collect ONT.
'tanding debts. sell and convey prop
,rty, pay its debts, and convey the re-
naming money and property among the
stockholders. They shall also have powar
Q meet and act under the bylaws NJ
ne corporation and under regulations
Q De made by majority Of said lioui-
,ators; TO nix the price and prescribe
ne terms and sale Of said property. and
ne manner in which the same shall he |
1ade, and take notes and bonds. secured
mortgage or otherwise, for part of