The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-01
CHARTER.
ARTICLES OF INCORPORATION OF
LABARRE ROOFING CO INC

Louisiana, Parish of Orleans. lie il known
that on this ...... day OF ......:.......,
In the year of our Lord, one thousand
nine hundred and twenty-five, and of the
Independence OF the United States of
America, the one hundred and forty
NTH, before me, THOS. v. CRAVEN.
Notary Public in and for the Parish
of Orleans, State OF Louisiana, duly com
missioned and qualified, and in the pres
ence of the witnesses hereinafter named
and undersigned, personally came and
appeared the several persons whose names
are hereunto subscribed, all above the
full age of majority, who seyerally and
mutually declared unto me, said Notary,
that, availing themselves of the laws Of
this State relative to the organization of
trading corporations and more especially
to Act 90 of 1914 of the legislative acts
Of the State of Louisiana, they have COW
enanted and agreed and by these presents
do covenant and agree for themselves.
their successors and assigns, to form
themselves into a corporation and body
polite in law for the objects and pur-
poses and under the stipulatiOns herein
after set forth.
ARTICLE l. The name and title Of
this corporation shall be Labarre Roof
ing Company, incorporated. and as such
il shall have and enjoy succession and
existence by its corporate name for a
period Of nifty 500 years from the date
hereof; ii shall have the power and
authority to contract, sue and be sued.
and make and use "A corporate seal, the
same to break and alter at pleasure; to
hypothecate or pledge property, real.
personal mixed necessary, incidental
or proper for the carrying on of its
business: to conduct it's business in this
State and other States and countries Of
the United States and foreign countries;
TO buy and hold stock in any other COM
pany or companies that may assist this
company in its objects and purposes; to
make and issue notes and certificates OF
Indebtedness; to own. hold, use, pur-
chase or sell letters patent: To name.
elect and appoint managers, directors.
agents, clerks other employees to
properly conduct its corporate business,
and to make and establish such bylaws. |
rules and regulations as may be found |
necessary or desirable for the manage
ment of the business and affairs of the
corporation. and generally to do all and |
every other act. manner or thing neceS-
sary for a complete and proper carrying |
out of said business to the same extent |
as natual persons might or could do in !
any part of the world as principals.
agents contractors or otherwise, alone or
in company with others.
ARTICLE ii. The domicile of this cor
PoratiOn shall be in the City of New
Orleans. Parish Of Orleans, State Of
Louisiana, where all citations or other
legal process shall be served upon the
President. or. in his absence, upon the
Vice President
ARTICLE III. The objects and pur-
poses for which this corporation is organ
lied and the nature of the business to
u
clared to be as follows. tO-wit:
l. To carry on a general roofing bust |
ness, including the purchase and selling
Of all kinds of roofing and roofing mate
rails wholesale and retail, and on COM
mission. and TO lay, erect and construct
same, and to enter into any and all con-
tracts or agreements for the purpose OF
selling, laying, erecting and construct
ing said roofing materials. whether as
principals or agents, and to lease, buy,
hold and sell all such property, machin-
cry and equipment. real or personal
movable or immovable. as may be neces-
sary for the prosecution of said business.
2. To carry on general business, in
GLIDING the purchase and sale at whole
sale and retail of roofing, contractors
equipment, supplies, materials, machin-
cries and tools, and enter into all con-
tracts and agreements necessary to the {
prosecution of said business.
8. To apply for or purchase or other
wise acquire, and to grant licenses for
the use of, to sell, assign or otherwise ;
deal in and use patents, patent rights, /,
privileges, licenses, trademarks, trade =
names, devices and improved or secret " "
processes of every sort and description !,
necessary and incidental to these pur- 4
poses. y
f. To represent as agent for the pur- i
poses of distributing or laying roofing q
Or roofing materials, manufacturers agents I
Or distributors Of roofing or roofing ma 5
erfals, and to carry on such other bust | n
ness as may be lawful and as may be ii
ound necessary or desirable. and such a
itiOn Of this kind. IL
ARTICLE ". Capital stock of this
corporation is hereby fixed at Fifty O.
Thousand Dollars (S50,OO0.OO, divided p
nto One Thousand G.O0O) Shares Of the n
'ar value of Fifty Dollars $4,000 each, p,
o be paid in cash or it's equivalent in h
property, good will or service done The 2,
apital stock may be increased to ...... n
Dollars. No stakeholder shall ever be n
eld liable or responsible for the debts n
ontracts or faults of this corporation =,
\ any further sum than the balance due h
De corporation on the shares Of stock .,
hbscribed by him, nor shall the stock .,
e subjected TO assessments. n
The corporation shall begin business m
nd become going concern as soon as q
thirty Thousand Dollars ($30,OOOOO) Of p
he capital stock shall have been sub m
cribed for, and Fifteen Thousand Dol al
ars (Sl5,OOOOO) of the stock shall have tC
een issued and paid for. Whenever It. la
ispose and issue any Of the remaining e
uthorized stock, each stakeholder shall ri
e given an opportunity to purchase so
much of the same at par value in pro- .,
,0rtion TO his or her interest in the first =,
thirty Thousand Dollars ($3OOOO.OO) of .,
took issued. No stock shah be sold by a.
ny stockholder in this corporation with ~ ~
ut nrst Offering the same to the corpOr- 8
ton at its then market value. ~
The general meeting OF stockholders
hall take place on the second Tuesday ~
( December of the year beginning with "a
he second Tuesday of December, 1922 70
The President of the company NAV | q
whenever he deems IL advisable cali e'
pecial meetings of the stockholders At on
III meetings majority of stock present Sc
nd represented shall constitute a quorum OF
or the transaction Of business. su
ARTICLE vi. All the corporate DOW o. o.
RS OF this corporation shall be vested sa
n and exercised by a Board of Direc- se
rs composed Of three stockholders br
{Alch number may be increas ed to seven n,
two-thirds l2-3) vote Of stock present nv
~ represented at meeting called for INV
nat purpose. Until the second Tuesday ho
December. 1922 the following named 90
ersons shall constitute the Board Of ga
Directors of this corporation, to-wit: a an
harles +. Labarre, 94I Gravier: Jos, A
i raven, ia s. Lopez; Louis n Lang. to
Thereafter the directors shall be elect ms
annually on the second Tuesday Of WI
ecember, beginning with the year 1922 WI
ny stakeholder may be eligible FOR oM
emDership on the Board OF Directors W
ithout regard to the number of shares otl
sned by him or her. All elections for me
rectors shall be by ballot, and each 90
ockholder shall be entitled to one vote tnt
u each director for each share of stock ny
anding in his or her name on the hooks an.
the corporatiOn each vote NAV be Iea
81 either in person or by proxy A oP'
lure to elect the directors on the sec 10 10
"a tuesday OF December or annually 10
GREATER shall not work a forfeiture OF pei
Is charter, but the old Board of Direc- uu'
rs shall remain in office until their no
ccessors are elected and qualified. am am