The herald., 1922-06-29
CHARTER.
ARTICLEa OF INCORPORATION OF
LABARRE ROOFING Co, INC.


that on this first day of June in the
year of our Lord, one thousand
nine hundred and twenty-five, ana Oh ING
Independence of the United States OIL
fifth, before me, THOS. V. CRAVEN,
a Notary Public in and for the Parish
of Orleans, State OF Louisiana, duly com
missiOned and qualified, and 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 seveTaliy anu
mutually declared unto me, said Notary
that ayailing themselves OF the laws OF
this State relative to the organization OF
trading corporations, and more especially
TO Act 267 of 1914 Of the legislative acts
of the State of Louisiana, they have COW
enanted and agreed and by these presents
do covenant and agree for themselves,
their successors and assigns, TO FORM
themselves into corporation ana Douy
polite in law for the objects and pur-
poses and under the stipulations herein
after set forth. 80
ARTICLE i. The name and tue Sl
this corporation shall be Labarre KOOI-
ing Company, Incorporated, ana as sucI
it shall have and enjoy succession anu
existence by its corporate name lot
period Of fifty 600 years from the uale
hereof; it shall have the power ana
authority to contract, sue and be sued,
and make and use corporate seal tne
same to break and alter at pleasure; 10
hypothecate or pledge property, real
personal or mixed, necessary, lncldeh!al
or proper for the carrying on Oh us
business; to conduct its business IN thls
State and other States and countries Ot
the United States and foreign cOuntrles'
to buy and hold stock in any other com
pany or companies that may assist inns
company in its objects and purposes, 70
make and issue notes and certificates OF
Indebtedness; to own, hold, use, pur-
chase or sell letters patent; to name
elect and appoint managers, directors,
agents. clerks or other employees 10
properly conduct its corporate business,
and TO make and establish such by laws,
rules and regulations as may De ROUND
necessary or desirable for the manage,
ment of the business and affairs OF the
corporation, and generally to do all ana
every other act. manner or thing neces-
sary for a complete and proper carrying
ont 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 III. The domicile Of this cor
poration shall be 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
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:
I. To carry on general rOOnng buSi-
ness, including the purchase and selling
of all kinds of roofing and roohng 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
ing said roofing materials, whether as
principals or 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.
2. 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,
james, 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 or laying roofing
or roofing materials, manufacturers, agents
or distributors of roofing or roofing ma
terials, and to carry on such other bust
ness may be lawful and as may be
found necessary or desirable, and such
Is generally engaged In by a corpor-
alton of this kind.
ARTICLE Nv. Capital stock Of this
corporation is hereby fixed at Fifty
into One Thousand C,OOO) Shares of the
par value of Fifty Dollars (S500O) each, |
to be paid in cash or its equivalent in
property, good will or service done. The
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
the capital stock shall have been sub
scribed for, and Fifteen Thousand Dol
lars (S15OOO0O) of the stock shall have
been issued and paid for. Whenever IT
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 $3.50 OO000) Of
stock issued. No stock shall be sold by
any stakeholder in this corporation with
out first Offering the same to the c0rpOr-
alton at its then market value.
The general meeting OF 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 Board Of Direc-
tors composed of three stockholders,
which number may be increased to seven
by two-thirds (23) vote of stock present
and represented at a meeting called for
That purpose. Until the second Tuesday
! ~ December. 1922, the following named
PERSONS shall constitute the Board of
Directors of this corporation. tO-wit:
f. Labarre, 941 Gravier: Jos. A
Craven, 124 5. 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
membership on the Board Of Directors
without regard to the number of shares
owned by him or her. All elections for
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
thereafter shall not work a forfeiture of
this charter, but the old Board of Direc-