The herald., 1922-02-16


\ True Copy of the Original:
l.. +. BEARD.
Notary Public
New Orleans, La, Jan. IL, 1922.
Jan. 26-Mch. .
CHARTER OF SMITH TRIGG. INC.
| United States of America State OF
Louisiana. Parish of Orleans, City of New
! Orleans. BE it known that on this the
| fourteenth day of January, in the year
of our Lord. one thousand nine hundred
and twenty-five, before me, EDOUARD
| +. HENRIQUES, a Notary Public in and
for the Parish Of Orleans, State of Louis
lana, duly commissioned and qualified
and in the presence of the witnesses here
| matter named and undersigned, person
ally came and appeared the persons
whose names are hereuntO subscribed, all
| above the full age of majority, who sew
| orally declared that, availing themselves
| of the provisions of the laws of this state
| relative TO the organization of corpora
| tions, they have formed and organized
and by these presents do form themselves
and those whom they represent into and
| constitute corporation and body polite
| in law for the objects and purposes and
| under the stipulations and agreements
hereinafter set forth and expressed. which
they hereby adopt as their charter.
ARTICLE ]. The name and title of
this corporation hereby formed is de-
clared to be SMITH & TRIGG, INC; its
dOmicile shall be in the City of New
Orleans, State of Louisiana, and ii shall
have and enjoy succession by its corpor-
ate name for period Of ninety nine 1907
years from and after the date hereof.
This corporation shall have power and
authority to contract, sue and be sued
in Its corporate name; TO make and use
Il corporate seal; to hold, receive, hire
and purchase real and personal property
and TO SELL mortgage or pledge the same
and TO borrow money and issue bonds
notes and other obligations.
All citations or other legal process shall
a ha nd in no
event of his absence or inability to act
from any cause, the same shall be served
upon the cePresident or Secretary
Treasurer.
ARTICLE III. The objects and pur-
poses for which this corporation is
organized and the nature of the business
to be carried on by it are hereby de-
clared to be:
~ To purchase and sell lumber
brick. stone, cement and all building ma
terials. at either wholesale or retail
(2) To act as agent and representa-
tive Of mills, quarries and other manu-
featuring industries, manufacturing o.
handling building materials used in the
construction of buildings or other works
90 To buy and sell real estate, and to
erect buildings thereon. as well as to act
as contractor and builder on property O
other persons.
(4l And generally to do anything es-
sential or necessary to carry out the
objects and purposes of this corporation
ARTICLE III. The capital stock OF
this corporation is hereby fixed at the
sum of Five Thousand Dollars ($5OOOOO).
divided into and represented by fifty 500
shares of the par value of One Hundred
and No/1O0 Dollars (s1O0.OO) each. which
shall be paid for in cash or in pro .,erty
actually transferred to the company.
The capital stock of this company may
be increased to any amount not exceed
ing Fifty Thousand and o/1OO Dollars
($5OOOOOO, in the manner hereinafter
provided.
In the event of the increase of the
capital stock, each stakeholder shall
have the right to purchase the new stock
to be issued in a proportion that his
then holdings bear to the stock then out
standing. In such event, each stock
holder shall have ten QO days written
stock, within which time he shall have
the right to notify the company Of his
desire to take his proportion of the new
issue of stock, or such shares less than
his proportion that he may desire to pur-
chase. Failure on the part of any stock
holder to exercise the right to purchase
his proportion and share of the new
issue of stock shall give the Board of
new issue of stock as they may see fit
ARTICLE ~. Thirty 500 shares of
the stock of this company have been sub
scrfbed at the time of the passing of this
act of incorporation. and this corporation
shall become going concern as soon as
nifty loO) per cent of said subscription
shall have been paid for. either in cash
or in property.
ers of this corporation shall be vested
In and exercised by Board of Directors
to be composed Of no less than four (4)
and not more than seven Cd stockholders.
majority of whom shall constitute a
quorum for the transaction of business.
The Board Of Directors shall be vested
with full power and authority to make
al contracts, purchases and sales, and
adopt all bylaws, rules and regulations
Tor the government Of the business and
affairs Of the company; and alter, amend
and change the same ut pleasure; ap-
point. hire and discharge all officers,
agents and employees, fix all salaries.
and generally do and perform all things
necessary in the transaction of the bust
ness and . affairs of the company. Any
vacancy occurring In said Board shall be
hlled by the remaining directors from
among the stockholders.
The first Board Of Directors of this cor.
poration shall consist Of: l.. ID. Smith,
I: II. Trigg, Maurice NJ. Jones and Mrs.
Ethel b; Smith: all Of whom reside in
S Mew V Tanr;s, With L. d. Smith as Presi-
and L; III. Trigg as Secretary Treasurer
who shall hold office until the second
Monday In January, 1923, or until their
successors are duly elected and qualified.
1873, and annually thereafter, an election
for directors shall be held at the office
OF the company, under the supervision
or three go commissioners to be appoint
ed Dy the President. and the directors
then elected shall take their seats imme-
diately and shall hold office until their
successors are duly elected and qualified.
Each Board shall elect its own officers.
which shall consist Of a President a Vice
PRESIDENT, and Secretary Treasurer.
All corporate elections shall be by bal
lot, and majority Of the votes cast shall
elect and each share of stock shall be
entitIed TO one vote, either in person or
~ ~ ptoAy; written notice Of elections