The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-27
CHARTER.

the full term anu OF
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 hp-
point such managers, directors, oHlcers
agents and other employees as It's 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 ana
eNpedient for the proper management anu
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 GIL
citations or other legal process shall be
served upon the President OF TINS cor
poration or, in his absence, upon It's sec
retary-treasurer.
ARTICLE III-The objects and pur-
poses for which this corporation is es-
tablished and the nature or the DnSihess
to be carried on by it are hereby declared
to be: To do a general betting, mill sup
IIy 6nd machinery business; to buy ana
sell all kinds of betting. mill suppheS,
road machinery and machinery or an
kinds; to carry on general merchahulSe
business and buying and selling; TO act
as manufacturers and others agents ID
the buying and selling of all kinds of ar
,icles. both manufactured and unmanu-
featured and in process OF manufacture
to import and export all kinds OF GOODS
and materials to foreign countries. as wen
as to sell all kinds of goods in the UDlted
States; to manufacture all kinds of ma
chinery merchandise and materials, 10
manufacture. buy, sell. import ana OK
Port and deal and trade in manufacturer ;
and mill supplies, engines, boilers, ma
chinery, tools, machine-shop and eiectri,
cal supplies and appliances, foundry ana
factory supplies and hardware OF an
kinds: and generally to do and transac'
all business properly connected win IN,
Cideutal or convenient TO any OF She salu
objects and purposes.
ARTICLE IV-The capital stock Of this
corporation is hereby fixed at the sum OF
thirty thousand dollars (S3O,OOO.OO), TO lie
divided into and represented by three
hundred 5000 shares in the sum of one
hundred dollars (S1O0.00) each; said stocS
shall only be issued for cash or IN pay
ment of property actually received OF
purchased by said corporation. The capl
| tai stock of this corporation may be In
creased to the sum Of fifty thousand dol
lars ($50OO0.OO).
| ARTICLE y-All the corporate power:
of this corporation shall be exercised by
board of directors consisting OF thre'
! stockholders, a majority OF whOm snal
constitute a quorum for the TRANSACTION
! OF business. The directors may vote II
| person or by written proxy In favor o.
! another director. The board of directors
shall elect annually from among thell
number president, a Nlce-preslueht anu
! secretary treasurer.
| The first board Of directors shall consis
Of three stockholders, and shall be com
| posed of: w. S. Cudlipp, John =. FINLEY
| Wendell ii. Billings with W. 5. CudIpp
as president; John S. Finley, as vice
rotary treasurer.
III Of said
| tors are as follows: w. 5. Cudlipp, 81
| Tchoupitoulas Street, New Orleans, La.
John s. Finley, 81 Tchoupitoulas Street
| New Orleans, La; Wendell ii. Billings 81
! Tchoupitoulas Street, New Orleans. La
| These directors shall serve until tn
third Tuesday in March. 1923. or unit
| their successors have been duly electe'
| and qualified. The annual meeting
! stockholders for the election OF director
| shall be held on the third Tuesday
| March. of each year, unless said day De
legal holiday, and then on the next ban
| day thereafter. Any vacancy occurrih
| among the directors by death, reslgnatlo
| or otherwise, shall be filled by election 10
the unexpired term by the remaining di
| rectors Each subscriber hereto sets atte
| his name his post office address and
! statement of the number of shares OF stoc
! which he agrees to take in the corporation
| At all elections every stockholder sha
| be entitled to one vote for each share q
| stock standing in his name on the BOOK
| of the corporation, to be cast In perso
| or by his written proxy. majority
the votes cast shall elect.
| ARTICLE Win the event or the hqu
| dation or dissolution of this corporation
the stockholders shall elect three iqulda
tors from among their number at a NEE
ing convened for that purpose AFTER III
teen 15) days written notice sent TO eac
stockholder by mail to his last known az
dress said liquidators shall have the az
thority to wind up the business ana allalr
of this corporation. In case or the death
liquidator, the survivors shall appoll
| n stakeholder as successor TO hin.
ARTICLE VII-This charter may Q
modified. changed or altered. or said col
poratiOn may be dissolved. with the assei
of stockholders owning two-tnirdS OF IN
entire capital stock at general meetlh
of the stockholders convened for that pun
pose. after fifteen (15) days written nc
tice shall have been given to each stocF
holder. mailed to him at his last know
address.
shall ever be held liable for the contract
faults or debts of said corporation in an
further sum than the unpaid balance,
any. due the corporation on the STOCK &c
which he has subscribed; nor shall an
stakeholder ever be held liable for sue
contracts, faults or debts in any furtht
sum than the unpaid balance, If any, o
the stock owned by him; nor shall an
mere informality in organization have IN
| effect of rendering THIS chaTteI nun
rendering any subscriber or stockhold'
liable beyond the unpaid AMOUNT, II an.
remaining due on his stock.
No stakeholder in this corporation ca
ever sell the stock owned by him in IN
corporation, or any part thereon, wlthol
first offering the same in writing TO II
| other stockholders, through the board
directors at it's then book value, who WI
have the first option opurchase the sam
and in the event of the death of stocl
, holder the right is hereby reserved to q
| remaining stockholders to purchase sa
stock at its then book value.
ARTICLE IX-This corporation is o
ganized under the laws of the state
Louisiana. and especially Act No. 26I
1914. and the subscribers hereto, for then
selves and said corporation. and for !
Officers. directors and stockholders, heret
accept as part of this charter, and
conditions of this corporation, all u
, rights, powers, privileges and immun
granted to corporations and granted
, and conferred upon officers. directors an
stockholders of corporations by said Law
= and said act; such acceptance being
J full. complete and binding as II sa
, rightsfi. powers, privileges and immun
ties were set forth at length in this II
strument.
Thus done and passed in my notari
office in the City of New Orleans. afor
! said. in the presence of Holger G. kohnl
and Andrew r. Martinez, competent WI
nesses of lawful age and residing In tn
city. who hereunto subscribe their name
together with said parties and me. notar
on the day and date set forth In the ca
ton hereof.
n.l