The herald. [volume] (New Orleans, La.) 1905-1953, 1922-12-07
CHARTER OF
X. j. dorm CO, INC.
Nov. l6-Dec. 81

Dtpuly hccEucr
Nov I8-Dec. 81
CHARTER OF
r.. j. DORM CO, INC.
State of Louisiana, Parish OF Orleans,
City OF New Orleans. Be IL known that
on this the ninth day of the month Of
thousand nine hundred and twenty-five
before me, Edouard F. Henriques,
Notary Public in and for the parish of
Orleans, state OF Louisiana, duly commits
stoned and qualified. and in the presence
Of the witnesses hereinafter named and
undersigned, came and appeared In per-
son the persons whose names are here
OF majority, who personally declared to
me that, availing themselves Of the priv
ilege offered by the laws Of the state Of
Louisiana relative to the formation of
the terms OF Act No. 267 Of the General
Assembly of the state of Louisiana for
the year 1914. they have covenanted and
agreed and by these presents do cove
nant and agree and bind themselves as
well as such other persons as may here
after become associated with them, to
form themselves into and constitute a
corporation and body polite in law for
stipulations, articles and conditions fol-
lowing, tO-wit:
ARTICLE /. The name and style OF
this corporation shall be r. J. Dorm
Co. Inc. and under its said corporate
name it shall have and enjoy all the
rights, advantages and privileges granted
by law to corporations.
This corporation, unless sooner dis
solved in accordance with this charter,
shall have and enjoy corporate existence
and succession for the full term and
period of ninety nine t99) years from and
after the date hereof
Ii shall have the power and authority
to contract. sue and be sued under its
corporate name: to make and use cor.
porate seal, and the same to break and
alter at pleasure; to hold. receive. have,
purchase. improve. ALLEVIATE. convey, sell.
borrow, pledge. lease, mortgage and
hypothecate under its said corporate
corporesl and incOrpOreal. without limit
as to kind or amount; to name and ap-
point such directors, officers, agents.
managers and employees as the business,
may require; to make and establish by
laws. rules and regulations for the
proper management and regulation of
its affairs as may be deemed necessary
alter at pleasure; and to do all other acts
and things permitted by law as shall
or may be necessary and proper to carry
out the objects and purposes OF the cor
poratiOn il being hereby expressly pro-
vided that the foregoing and following
enumeration Of specific powers shall not
be held to limit or restrict in any manner
the powers accorded by law to such cor
ARTICLE H. The domicile Of this
corporation Is hereby established in the
city of New Orleans, state of Louisiana.
but IL may establish amid operate branch
offices and agencies throughout the state
OF Louisiana, and in other states and
foreign countries.
Ali citation and other legal process
shall be served upon the President, or
in his absence or inability to act from
any cause. on either the Vice President
or the Secretary Treasurer; and in the
absence Of all Of said officers, service
may be made on any other regularly
employed officer. agent or employee
found in the domiciliary office of the
corporation. in accordance with law.
ARTICLE III, The objects and pur-
organized and the nature of the business
to be carried on by it are hereby de-
D TO manufacture. purchase, sell.
export and import roofing material and
supplies of stone. cement. asbestos,
wood, sheet metal, paper or other ma
terials: and to lay. erect. construct and
sell or otherwise dispose of same.
(2) To establish warehouses. agencies,
Offices. etc. for the storage and sale of
the articles and products manufactured
by itself or others throughout Louisiana
United States of America, and in foreign
countries
(3) To buy. SELL deal in, export and
import any and every kind or descrip-
lion OF mater1al, mercnanulSe. prOuucts
or other property. and to act as-pur'
chasing and selling agents therefor.
~ Generally to do and to engage In
any other business, undertaking or en-
germane, necessary or incidental to the
several objects and purposes hereinabove
set forth or contemplated by this charter
ARTICLE Nv. The capital stock OF
this corporation is hereby fixed at the
sum of One Hundred and Seventy five
Thousand Dollars (s175.0OO.OO), divided
into and represented by .Seveateen Hun
dred and Fifty (175O) shares Of the par
each. all of which shall be common stock
said stock shall be paid for in cash, or
same may be issued at not less than
par. In payment for labor done or ser
in exchange for property or rights act
ually received or purchased by said cor
poration. in accordance with law. All
shares Of stock shall be issued full paid
This corporation shall have the right
to increase its capital stock to any
amount not exceeding One Million Dol
Eighty seven Thousand Five Hundred
Dollars (ss7, 5o0OO or Fifty (50) percent
of the capital stock of this corporation
has been subscribed for at the time OF
the execution Of this act of incorpora-
a going concern and shall be authorized
to engage in business as soon as Fifty
(50) percent Of the amount so subscribed
shall be actually paid in, in cash; the
remainder of the amount so subscribed
for shall be paid in. in cash. within one
year from and after the date hereof
The residium Of the stock shall be sub
scribed, issued and paid for In cash OF
property. etc.. subject to the action and
call Of the Board Of Directors, in con
formity with the existing provisions oil
laws pertaining thereto.
No stock shall be sold or transferred
until an opportunity Is first afforded al
other stockholders Of record to purchase
said stock at book value. as shown by
Written notice Of intention to sell shall
be given by the owner to the Board Of
Directors and transmitted without delay
by 1t to the stockholders, who are hereby
given fifteen (15) days (from receipt o.
the Boards notice. to accept and pay
for such stock in cash; each stockholdel
to have the right to purchase in proper
divided Tin said ratio) among such stock
holders as are DESTROYS to participate
In the purchase. Failure Of the stock
holders to buy shall. by expiration o.
the time limit, release the stockholderl
from the effect Of this provision.
ARTICLE v. All the corporate powers
Of this corporation shall be vested !, !.
directors, composed Of bona nde stock
holders. each Of whom shall own at al
times one fun paid. unpledged share Of
stock: two directors shall constitute 9
quorum for the transaction Of business
Roger Joseph Dorm, Havana. Cubs
Rene Dorm. 81 Wall street. New Yofi
City. N. T. and Charles A. Duchamp
leans, La, shall constitute the nrst Board