The herald. [volume] (New Orleans, La.) 1905-1953, 1922-10-19
CHARTER OF
EXEL CHEMICAL MANUFACTURING
COMPANY. INC
Oct. SNOW. 9

United States of America, State of
Louisiana, Parish of Orleans, City o.
New Orleans. BE it known that on this
thirty first day of the month of August,
in the year of our Lord, one thousand
nine hundred and twenty-five, and of the
independence of the United States OF
seventh, before me, Gabriel Fernandez,
Jr., Notary Public in and for the parish
of Orleans, state of Louisiana, duly COM
missioned and qualified, therein residing,
and in the presence of the witnesses here
matter named and undersigned, person
ally came and appeared the several per
SONS whose names are hereunto subscribed,
and all residents of this parish and
state who seyeraily declared that, avail
ing themselves of the provisions of the
laws of the state of Louisiana. in such
cases made and provided, and more par.
ticularly of Act No. 261 of the General
Assembly of the state of Louisiana for
the year 1914, they have coyenanted and
agreed, contracted and bound themselves,
as well as all such other persons as may
hereafter become associated with them,
TO form themselves and constitute cor
poration and body polite in law for the
objects and purposes and under the Sup
ulations hereinafter set forth. which they
adopt as their charter, to-wit:
ARTICLE /. The name and title of
this corporation shall be Excel Chemical
Manufacturing Company, Inc. and under
its corporate name 1t shall have power
and authority to have and enjoy success
sion for the term of ninety-nine years
from the date hereof To contract, sue
and be sued; to make and use cor,
porate seal, and the same to break and
alter at pleasure; to hold, receive, lease
and purchase under its corporate name,
property, both real, personal and mixed
and the same to sell, mortgage pledge,
hypothecate, lease or otherwise dispose or
to contract, make and endorse bills or
exchange and promissOry notes, to issue
bonds; to name and appoint such officers
and agents as the interest OF said cor
poratioH may require; to make all neces-
sary bylaws for the proper manage
m. mt of its affairs, to acquire stocks ana
bonds of other corporations; to increase
or diminish its capital stock, and gener-
ally to do and perform In this state or
any other state all such things and ex,
ercise such rights and powers permitted
by law to corporations.
ARTICLE III. The objects and pur-
poses for which this corporation Is organ
lied and the nature OF the BUSINESS 10
be carried on by 1t are hereby declared
varnishes and such other materials and
ingredients 1t may require; to represent
as sales agents such other manufacturers
and jobbers as the Board or DIRECTORS
ARTICLE III. The domicile Of this
corporation shall be In the city OF New
Orleans. state Of Louisiana, but 1t may
establish offices and agencies In otheI
states or foreign countries. All citations
or other legal process shall be served on
the President, or. in his absence, on tne
Vice President, or, in the absence OF both
upon the Secretary Treasurer.
ARTICLE Nv. The capital stock OF
this corporation shall be Seven Thousand
90 400 Dollars, to be divided into seventy
(f0) shares of the par value OF One nun
bred 90 400 Dollars Cs100.00l each, which
shall be paid for in cash or its equivalent
Co. lah0r DerfOrme0, OIL
service actually rendered to the corpor-
alton.
The capital stock Of this corporation
may, in the discretion Of the Board OF
Directors, be increased to the sum ol
Fifteen Thousand 90 400 Dollars.
This corporation snail be a going con-
Germ and authorized to begin business as
soon as fifty per cent OF the capital STOCK
shall have been subscribed for and paid
into said CORPORATION.
ARTICLE V. All the corporate power;
of this corporation shall be vested In and
exercised by a Board Of Directors com
posed of not less than three stockhold'
ers, who shall be elected by the stock
holders at the annual meeting OF the
Corporation. which shall be on the first
Tuesday Of September Of each year.
A majority Of the stockholders present
or represented shall constitute quorum
for the transaction of business.
The officers of this corporation shall bt
A President, Vice-President. a Secretary
and Treasurer. They shall be elected
annually by the Board Of Directors from RON
among their number. All directors ant
officers shall be elected for a term or one
wear, but shall hold office until theii
successors are elected and Qualihed.
ANY vacancy in the Board Of Directors
or offices from whatever cause snaii %
6Iled from among the stockholders by TN
remaining members Of the Board or Direc
tors
All elections shall be by ballot; eact
share shall be entitled to one vote, ane
the majority Of the votes cast shall elect
Votes NAV be cast either in person or D!
| written proxy, provided that no stoci
| shall be voted at any meeting which MAJ
hecn transferred upon the books OF tn'
corporation within thirty days PRIOR u
| the said meeting.
ARTICLE vi. No stakeholder shall eve
be held liable for the contracts. faults o.
debts of this corporation. nor SHAH an!
mere informality in its organization hav.
| the effect of rendering this charter VOID
| or exposing a stakeholder to any naoint!
beyond the unpaid balance due on I'M
shares owned by him.
No stakeholder shall have the right q
dispose Of. ALLEVIATE or otherwise encum
her his holdings Of stock In this corpor
alton without first notifying the SAID cor
81 doing and the stockholders Of salt
CORPORATION shall have the right and priv
| ilege Of ayailing themselves OF the hold
| ings or stock so offered.
| ARTICLE VII. The first Board
Directors shall consist Of John L. Tnomp
son, James c. Motion and 8. Niles Shafei
with John L. Thompson as Presiden,
James G. Motion as Vice.President: an
s. Miles shafer a. Secretary and Treas