The herald., 1922-10-12
CHARTER OF
excl CHEMICAL MANUFACTURING
COMPANY. INC.
Sept. 7-Oct. IL


New Orleans. Be it known that on this
thirty first day of the month Of August,
in the year of our Lord, one thousand
nine hundred and twenty-five, and Of the
America, the one hundred and forty
seventh, before me, Gabriel Fernandez,
Jr., Notary Public in and for the parish
of Orleans, state Of Louisiana, duly COM
missioned and qualified, therein residing,
| and in the presence of the witnesses here
| matter named and undersigned, person
| ally came and appeared the several per-
| sons whose names are hereuntO subscribed,
ard all residentS of this parish and
state, who severally declared that, avail
| ing themselves of the provisions or the
| laws of the state of Louisiana, in such
cases made and provided and more par
| ticularly of Act No. 267 of the General
| Assembly of the state Of Louisiana Tor
| the year 1914, they have coyenanted ana
agreed, contracted and bound themselves,
as well as all such other persons as may
| hereafter become associated with them,
| to form themselves and constitute cor
poration and body polite in law for the
objects and purposes and under the SUP
ulations hereinafter set forth, which they
| adopt as their charter, to-wit:
ARTICLE 1. The name and title of
| this corporation shall be Excel Chemical
Manufacturing Company. Inc., and under
its corporate name 1t shall have power
and authority to have and enjoy success.
| sion for the term of ninety nine years
from the date hereof. To contract, sue
and be sued; to make and use a cor,
porate seal, and the same to break and
and purchase under its corporate name
property, both real, personal and mixed
and the same to sell, mortgage, pledge
hypothecate, lease or otherwise dispose OF
to contract, make and endorse bills Of
exchange and promissory notes, to issue
bonds; to name and appoint such officer:
and agents as the interest or SAID cor
poratioH may require; to make All neees
Iaxr 10 manager
ment of its affairs, to acquire stocks ane
bonds of other corporations; to increase
or diminish its capital stock, and gener
ally to do and perform IN , TINS s sna OF o.
ercise such rights and powers permitted
by law to corporations.
ARTICLE II. The objects and pur
poses for which this corporation is organ
lied and the nature of the business u
be carried on by 1t are hereby deciareS
yarnishes and such other materials anC
ingredients it may require; to represen
as sales agents such other manufacturer
and jobbers as the Board OF director
NAV deem necessary and expedient.
ARTICLE III. The domicile of thi
corporation shall be in the city of New
Orleans. state Of Louisiana, but 1t ma!
establish offices and agencies In othe
states or foreign countries. All citation
or other legal process snail De served q. o.
Vice President, or, in the absence OF Doth
upon the Secretary Treasurer.
ARTICLE w. The capital stock o
this CORPORATION shall be Seven Thousan
90 400 Dollars, to be divided into seyent
(IO) shares Of the pa, xsio o OF 0ne r I5r
shall be paid for in cash or its equivaien'
or for property or labor performed,
: service actually rendered to the ccrpor
alton.
The capital stock of this corporation
may, in the discretion OF the BOARD .
Directors, be increased to the sum 0
Fifteen Thousand OO/1OO Dollars.
This eorporation snail be a going con
Germ and authorized to begin business a
soon as fifty per cent OF the capital stoc
shall have been subscribed for and pal
into said CORPORATION.
ARTICLE V. All the corporate power
of this corporation shall be vested In an
exercised by Boa5d OF tb1 asec sfoskboid
ers who shall be elected by the STOCK
. holders at the annual meeting OF tn
corporation. which shall be on the mrs
Tuesday Of September OF each year.
A majority of the stockholders presen
! mr. represented shall constitute QuoruI
! for the transaction of business.
The officers Of this corporation shall .
President Vice-President, Secretar
l and Treasurer. They shall be electe
| annually Dy t0e DOdEu VI
among their number. All directors an
/ officers shall be elected for term or on
year, but shall hold office until thel
successors are elected and qualihed.
Any vacancy in the Board Of Director
or offices from whatever cause snaIi =
filled from among the stockholders by u
remaining members Of the Board OF Dire'
tors
All elections shall be by ballot; eac
share shall be entitled to one vote an
H. w-aNA
Votes NAV be cast either in person or Q
written proxy, provided that no stoc
4 shall be voted at any meeting wnicn n,
been transferred upon the books OF u
! corporation within thirty days PRIOR
the said meeting.
ARTICLE VI. No stakeholder shall ev'
\ he held liable for the contracts, faults
\ debts of this corporation, nor snai an
Z mere informaiity in its organization ha'
the effect of rendering this Charter Vol
or exposing a stakeholder to any haoliil
y hevond the unpaid balance due on u
shares owned by him.
4 No stakeholder shall have the right
\ dispose Of ALLEVIATE or otherwise encun
4 her his holdings Of stock In this corpo
! alton without first notifying the said CO
noration In writing fifteen days befo
81 doing. and the stockholders OF sa
CORPORATION shall have the right and pr
ilege of ayailing themselves OF the mol
ings or stock so offered.
I'll ARTICLE VII. The first Board
Directors shall consist Of john L. Thon
son, James C. Motion and s. Miles share
\ with John L. Thompson as PresideI
James c. Motion as Vice-President, al