The herald., 1922-06-15
CHARTER.
ARTICLES OF INCORPORATIOS OF
IARARRE ROOFING CO. INC.
ION OF


United States of America, State OF
Louisiana, Parish of Orleans. BE il known
that on this first day of June in the
year of our Lord, one thousand
nine hundred and twenty-five, ana oil the
Independence of the United states Of
America, the one hundred and forty
NTH, before me, THOS. V. CRAVEN
q Notary Public in and for the farlSh
of Orleans, State Of Louisiana, duly com
miSSiOned and Quallncd, ana IN the pres
ence of the witnesses hereinafter named
and undersigned, personally came ana
appeared the several persons whose names
are hereuntO subscribed, all above the
full age of majority, who seVerally anu
mutually declared unto me, said Notary,
that, availing themselves Of the laws OF
this State relative to the organization oil
trading corporations, and more especially
TO Act POI of 1914 of the legislative acts
of the State Of Louisiana, they have COW
enautcd and agreed and by these presents
do covenant and agree for themselves
their successors and assigns, 10 form
themselves into a corporation and BODY
polite in law for the objects and pur-
poses and under the stipulatiOns herein
after set forth.
ARTICLE l. The name and title Of
this corporation shall be Labarre Roof
ing Company, Incorporated, and as Such
it shall have and enjoy succession anu
existence by its corporate name LOT Il
period of fifty lJOj years from the date
hereof; it shall have the power ana
authority to contract, sue ana De suru'
and make and use corporate seal tne
same to break and alter at pleasure; 10
hold. purchase, lease, sell, mortgage
hypOthecate or pledge property, real,
personal or mixed, necessary, incldehial
or proper for the CARRYING on OF HS
business; to conduct its business in TINS
State and other states and countries OF
the United States and foreign countries
TO buy and hold stock in any other com
pany or companies that may assist inns
company in its objects and purposes; TO
make and issue notes and certificates or
Indebtedness. to own, hold. use, pur-
chase or sell letters PATENT. To name,
elect and appoint managers directors.
agents, clerks OF other employees TO
properly conduct its corporate business
and TO make and establish such bylaws,
rules and regulations as may be- found
necessary or desirable for the manage
ment Of the business and affairs of the
corporation. and generally to do all and
every other act, manner or thing neceS-
Sary for n complete and proper carrying
out of said business TO the same extent
as natual persons might or could do in
any part of the world as principals.
agents contractors or otherwise, alone or
in company with others.
ARTICLE II. The domicile of this cor
pOration shall he in the City of New
Orleans Parish Of Orleans, State of
Louisiana. where all citations or other
legal process shall be served upon the
President. or in his absence, upon the
Vice President
ARTICLE III The objects and pur-
poses for which this corporation is organ
lied and the nature of the business to
be carried on by il are stated and de-
Clared to be as follows. to-wit:
/. To carry on a general roofing bust
ness, including the purchase and selling
of all kinds Of roofing and roofing mate
rails, wholesale and retail, and on COM
mission. and to lay, erect and construct
same. and TO enter into any and all con-
tracts or agreements for the purpose of
selling, laying. erecting and construct |
materials. whether
PRINCIPALS agents. and to lease, buy, |
hold and sell all such property, machin-
cry and equipment, real or personal, |
movable or immOvable. as may be neceS |
sary for the prosecution of said business. |
.. To carry on a general business, in |
Guiding the purchase and sale at whole |
sale and retail of roofing, contractors |
equipment, supplies: materials, machin-
cries and tools. and enter into all con- |
tracts and agreements necessary to the |
prosecution Of said business.
3. To apply for or purchase or other |
wise acquire, and to grant licenses for |
the use of, to sell assign or otherwise
deal in and use patents, patent-rightS,
privileges, licenses, trade marks, trade
pines, devices and improved or secret
processes of every sort and description |
necessary and incidental to these pur-
poses.
L. To represent as agent for the pur-
poses of distributing cor laying roofing
or roofing materials, manufacturers, agents
or distributors of roofing or roofing ma
terials, and to carry such other bust
ness as may be lawful and as may be
found necessary or desirable, and such
as is generally engaged in by a cOrpOr
alton of this kind.
ARTICLE ". Capital stock OF this
corporation is hereby fixed at Fifty
Thousand Dollars ($5OOOOOO), divided
into One Thousand 0.O0O) Shares of the
par value Of Fifty Dollars $4,000 each,
to be paid in cash or it's equivalent in
good will or service done. The
capital stock may be increased to one
hundred fifty thousand dollars. No stock
holder shall ever be held liable or respOn-
sible for the debts, contracts or faults Of
this corporation in any further sum than
the balance due the corporation on the
shares of stock subscribed by him. nor
shall the stock be subjected to assess
ments.
The corporation shall begin business
and become a going concern as soon as
Thirty Thousand Dollars ($30,OOO.OO) OF
the capital stock shall have been sub
scribed for. and Fifteen Thousand Dol
lars (Sl5OO0.OO) of the stock shall have
been issued and paid for. Whenever 1t
shall become necessary or desirable to
dispose and issue any of the remaining |
authorized stock, each stakeholder shall |
be given an opportunity to purchase SO
much of the same at par value in pro-
portion to his or her interest in the first |
Thirty Thousand Dollars lS3OOOO.UOl of
stock issued. No stock shah be sold by |
any stakeholder in this corporation with
out first Offering the same to the corpor- |
alton at its then market value.
The general meeting or stockholders |
shall take place on the second Tuesday |
of December of the year beginning with |
the second Tuesday of December, 1922. |
The President of the company may, |
whenever he deems it advisable, call |
special meetings of the stockholders. At |
all meetings a majority of stock present |
and represented shall constitute a quorum |
for the transaction of business.
ARTICLE VI All the corporate pow |
ers OF this corporation shall be vested |
in and exercised by a Board of Direc- |
tors composed of three stockholders, |
Hfhich number may be increased to seven |
two-thirds (2-3) vote of stock present |
nd represented at a meeting called for |
That purpose. Until the second Tuesday |
OF December, 1922, the following named |
persons shall constitute the Board Of
Directors of this corporation, to-wit:
Charles +. Labarre, al Gravier; Jos. A.
Craven, 12i s. Lopez; Louis n. Lang,
1926 Spruce.
Thereafter the directors shall be elect
ed annually on the second Tuesday of
December, beginning with the year 1922.
Any stakeholder may be eligible for
membership on the Board OF Directors
without regard to the number OF shares
directors shall be by ballot and each
stakeholder shall be entitled to one vote
for each director for each share of stock
standing in his or her name on the books
of the corporation; each vote may be
cast either in person or by proxy. A
failure to elect the directors on the sec
Ond Tuesday Of December or |