The herald., 1922-03-02

J
/ book 1868, folio -.
New Orleans, La, Jan. Il. 1922.
| 4 True Copy of the Original:
l.. Z. BEARD.
! Notary Public.
New Orleans, La. Jan. IL, 1922.
| Jan. 26-Mch.2
CHARTER OF SMITH TRIGG, INC.
United States of America. State of
| Louisiana. Parish of Orleans, City of New
Orleans. BE il 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
+. HENRIQUES, a Notary Public in and
for the Parish of Orleans, State of Louis
lana, duly commissioned and quallhed
| and in the presence Of the witnesses here
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 this 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 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 1. The name and title of
this corporation hereby formed is de-
clared to be SMITH x TRlGG, INC; its
Orleans, State of Louisiana, and 1t shall
have and enjoy succession by its cOrpor-
ate name for a period of ninety nine l99)
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
"A corporate seal; to hold, receive, hire
and purchase real and personal property
and to sell, mortgage or pledge the same
and to borrow money and issue bonds
notes and other obligations.
All citations or other legal process shall
be served upon the President, and in the
event of his absence or inability to act
from any cause, the same shall be served
upon the Vice-President or Secretary
Treasurer.
ARTICLE II. The objects and pur-
poses for which this corporation is
organized and the nature of the business
to be carried on by it are hereby de-
"a To purchase and sell lumber
brick stone, cement and all building ma
terials, at either wholesale or retail
(2) To act as agent and representa-
tive of mills, quarries and other manu-
featuring industries, manufacturing or
handling building materials used in the
construction of buildings or other works
90 To buy and sell real estate, and to
erect buildings thereon. as well as to act
as contractor and builder on property O.
other persons.
az And generally to do anything es-
or rd TO t,i carry 0Ts tn'
ARTICLE Ill. The capital stock OF
this corporation Is hereby fixed at the
sum of Five Thousand Dollars (S5.O00OO)
divided into and represented by fifty (50)
shares of the par value of One Hundred
and No 400 Dollars (S100.O0) 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/1OO Dollars
(S5O,OOO.OO), in the manner hereinafter
In the event of the increase of tbs
capital stock, each stakeholder shall
have the right to purchase the new stock
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 written
notice of the proposed increased issue OF
, stock, within which time he shall hav,
the right to notify the company Of his
desire to take his proportion of the new
issue of stock, such shares less thar
his proportion 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
issue of stock shall give the Board o.
Directors the right to dispose of saiC
!, new issue of stock as they may see fit
ARTICLE ~. Thirty 1901 shares O.
scribed at the time of the passing of this
, act Of Incorporation. and this corporation
, shall become going concern as soon al
fifty 900 per cent of said subscription
shall have been paid for, either in casl
, ARTICLE V. All of the corporate pow
ers of this corporation shall be vested
: in and exercised by a Board of Directors
= to be composed of no less than four a.
and not more than seven "a stockholders
, a majority of whom shall constitute
! quorum for the transaction of business
! The Board of Directors shall be vested
! with full power and authority to max,
? all contracts, purchases and sales, ant
: adopt all bylaws, rules and regulations
for the government of the business anC
affairs of the company; and alter. ament
and change the, same at pleasure; ap
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 bust
. ness and affairs of the company. An,
: vacancy occurring in said Board shall b.
/: filed by the remaining directors from
among the stockholders.
, The first Board Of Directors Of this cor
Q poration shall consist of: L. d. Smith
r L. Fl. Trigg, Maurice NJ. Jones and Mrs
4 Ethel b. Smith. all Of whom reside II
New Orleans, with L. d. Smith as Presi
Q and L. Fl. Trigg as Secretary Treasurer
r who shall hold office until the secon
4 Monday in January, 1928, or until thei
: successors are duly elected and qualified
: 1929 and annually thereafter. an eiectio
i for directors shall be held at the ofic
d Of the company, under the supervisio
Q OF three 90 commissioners to be appoint
e ed by the President. and the director
e then elected shall take their seats imms
: diately and shall hold office until thei
e successors are duly elected and qualified
It Each Board shall elect Its own officer.
!. which shall consist Of President a Vice
President, and a Secretary Treasurer
g All corporate elections shall be by bal
q lot. and majority Of the votes cast sha
h elect, and each share Of stock shall b
n entitled to one vote, either in person o
by proxy. Written notice Of election
e shall be given TO each holder Of stock b
} the Secretary Treasurer at least fftee
n 15l DAYS prior to election
d ARTICLE VI. This act Of incorporate
n may be changed, modified or amended
Il or the capital stock increased by an
r with the consent of two-thirds (2-3 Q
all OF the stock. A change In the object
d and purposes may be made only by
= vote OF all Of the stock but this corpo,
alton may be dissolved by a vote Of tn
|. hOldere Of tXo-fhirda l2-M Of The stoc