The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-09

New Orleans La. Jan. IL, 1922.
4 True Copy Of the Original:
L. Z. BEARD,
Notary Public.
New Orleans, La, Jan. Il. 1922.
Jan. 20 Mich. >
CHARTER OF SMITH d 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
f. HENRIQUES, a Notary Public i'll and
for the Parish of Orleans, State of Louis
lana, duly commissioned and quallned
and III the presence of the witnesses mere
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, awaiting themselves
of the provisions of the laws OF TINS 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 a 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 J. 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 1t shall
have and enjoy succession by its cOrpor-
ate name for a period of ninety nine (S9)
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
corporate seal; to hold, receive, hire
and purchase real and personal property
! and to sell, mortgage or pledge the same
ana to borrow money and issue bonds
notes and other obligations.
fit process
| be served upon the President. and in the
/ event of his absence or inability 10 act
/ from any cause. the same shall be served
upon the Vice-President or Secretary
! ARTICLE ii. The objects and pur-
poses for which this corporation Is
! organized and the nature of the business
| TO be carried ON by il are hereby de-
clared to be:
IA To purchase and sell lumber
brick stone, cement and all building ma
terials. at either wholesale or retail
90 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
| go To buy and sell real estate, and to
erect buildings thereon. as well as to act
as contractor and builder on property
| other persons.
(D 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 (s5,OOO.OO),
divided into and represented by fifty (50)
shares of the par value of One Hundred
and No 100 Dollars (S100O0) each, which
shall be paid for in cash or in property
actually transferred to the company.
The capital stock of this company may
be increased to any amount not exceed
ing Fifty Thousand and No 400 Dollars
($50.00000), 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 stocL
to be issued in proportion that his
then holdings bear to the stock then out
standing. In such event, each stock
holder shall have ten Q0) days writer
notice of the proposed increased issue Of
stock. within which time he shall hav,
the right to notify the company Of hi.
desire to take his proportion of the new
issue of stock, or such shares less thar
his propC ction 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
Directors the right to dispose of sal,
new issue of stock as they may see fit
ARTICLE ". Thirty 1907 shares o
the stock of this company have been sub
scribed at the time of the passing of thi
act of Incorporation. and this corporation
shall become a going concern as soon a
fifty (50) per cent of said subscription
shall have been paid for, either in casl
or in property.
ARTICLE V. All of the corporate pow
ers of this corporation shall be veste
in and exercised by a Board of Directors
to be composed of no less than four a
, majority of whom shall constitute
quorum for the transaction of business
, The Board Of Directors shall be veste
with full power and authority to max
! all contracts, purchases and sales, an
!, adopt all bylaws, rules and regulation
for the government of the business an
affairs Of the company; and alter. amen
and change the same ut pleasure: ar
point. hire and discharge all officers
agents and employees, fix all salaries
and generally do and perform all thing
: necessary in the transaction of the bus
? ness and affairs Of the company. An
, vacancy occurring in said Board shall b
g. filled by the remaining directors froI
among the stockholders.
: The first Board Of Directors Of this CO
q poration shall consist of: l.. ID. Smitl
r I. Fl. Trigg, Maurice NJ. Jones and Mr.
i Ethel B. Smith. all of whom reside !
a dent, Maurice NJ. Jones as Vice Presiden
q and l.. III. Trigg as Secretary Treasure
r who shall hold office until the secon
4 Monday In January, 1923, or until the
r On the second Monday in Januar
I, 1923, and annually thereafter. an electit
l. for directors shall be held at the off
d OF the company, under the supervise
p Of three (3) commissioners to be appcin
e ed by the President and the directo
e then elected shall take their seats INN,
+ diately and shall hold office until the
,e successors are duly elected and qualife
IT Each Board shall elect it's own officer
y which shall consist Of President. a Vic
president, and Secretary Treasure
n All corporate elections shall be BY b,
N lot, and majority of the votes east sh,
h elect, and each share Of stock shall
N entitled to one vote, either in person
by proxy. Written notice Of eIectio
se shall be given to each holder Of stock
u the Secretary Treasurer at least fifte
N (15) DAYS prior to election
Id ARTICLE vi. This act Of Incorporate
Dr. may be changed, modified or amende
Of or the capital stock increased by a
,r with the consent Of two-thirds (2-3)
all Of the stock. change in the obje<
"a and purposes may be made only by
C. vote Of all Of the stock. but this corp,
alton may be dissolved by q vote Of (
4. holdofG Of tXo-fhirda fa=M AZ Tia xxo