The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-13
CHARTER
CHARTER OF CUDLIPP Betting
AND MACHINERY CO, INC.

United States OF America. state OF LOUIS
lana. Parish Of Orleans, City of New Or
leans, Be It known, that on this eighth day
of April, in the year one thousand, nine
hundred and twenty-five, Before me, Will
liam Waller Young, a notary public. In
and for the Parish Of Orleans. State Of
Louisiana. duly commissioned and quail
fed, and In the presence of the witnesses
hereinafter named and undersigned, per-
sonally came and appeared: the several
persons whose names are hereunto sub
scribed, all above the full age Of majority.
who severally declared, that, availing them
selves Of the laws of the State Of Louis
lana, particularly Act 26I OF 1914, relative
to the organization Of corporations, they
do, by these presents, agree and bind
themselves. as well as such other persons
as may hereafter become associated with
them, to form and constitute a corpora
ton for the objects and purposes and
under the articles and stipulations follow
ing, to-wit:
ARTICLE 1.-The name, style and title
of this corporation shall be Cudlipp Belt
ing and Machinery Co., Inc, and. under
that name 1t shall have and enjoy all the
rights, advantages and privileges granted
by law to corporations, and shall exist for
the full term and period of ninety nine
years from this date 1t shall have power
to contract, sue and be sued; to make
and use a corporate seal and the same 10
alter and break at pleasure; to hold. re-
ceive lease, purchase, sell and convey, as
well as mortgage, hypothecate and pledge
property, real, personal and mixed. cor
poreal and incorporeal; to name and ap-
point such managers, directors, officers,
agents and other employees as its interest
and convenience may require, and to make
and establish as well as alter and amend,
from time to time, such bylaws, rules
aud regulations as may be necessary and
expedient for the proper management and
government of the affairs of said corpora
ton.
ARTICLE 1.-THE domicile of this cor
porstion is hereby fixed In the City OF
New Orleans, State of Louisiana, and all
citations or other legal process shall be
served upon the President of this cor
poration or, in his absence upon its sec
rotary treasurer.
ARTICLE III-The objects and pur-
poses for which this corporation is es-
tablished and the nature Of the business
to be carried on by Ii are hereby declared
| to be: To do a general betting, mill sup
Ply and machinery business; to buy and
road machinery and machinery Of all
kinds; to carry on a general merchandise
business and buying and selling; to act
as manufacturers and others agents In
the buying and selling of all kinds Of ar
ticles, both manufactured and unmanu-
featured and In process Of manufacture:
to import and export all kinds Of goods
and materials to foreign countries, as well
States; to manufacture all kinds of ma
chinery, merchandise and materials; to
manufacture. buy, sell, import and ex-
port and deal and trade in manufacturer
and mill supplies, engines, boilers, ma
chinery, tools. machine-shop and eiectri-
cal supplies and appliances, foundry and
factory supplies and hardware Of all
kinds; and generally to do and transact
| all business properly connected with, in
| cidental or convenient to any of the said
objects and purposes.
ARTICLE Iv-The capital stock of this
corporation is hereby fixed at the sum of
thirty thousand dollars ($30,000.00), to be
divided into and represented by three
hundred (300) shares in the sum Of one
hundred dollars ($100.00) each; said stock
| shall only be issued for cash or in pay
| ment Of property actually received or
purchased by said corporation. The capt.
| tai stock of this corporation may be in
creased to the sum Of fifty thousand dol
| lars (S500OOO0).
ARTICLE Vail the corporate powers
OF this corporation shall be exercised b. n
board Of directors consisting of three
stockholders, majority of whom shall
constitute a quorum for the transaction
Of business. The directors may vote in
person or by written proxy in favor of
another director. The board Of directors
| shall elect annually from among their
number president, a vice-president and
secretary treasurer.
! The first board Of directors shall consist