The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-22
CHARTER.
ARTICLES OF INCORPORATION OF
IABARRE ROOFING CO., INC.

year of our Lord, one thousand
nine hundred and twenty-five, and OF the
Independence OF the United states
America, the one hundred and forty
fifth, before me, THOS. V. CRAVEN,
a Notary Public in and for the farish
of Orleans, State Of Louisiana, uuly com
missiOned and qualified, and In the pres
ence of the witnesses hereinafter named
and undersigned, personally came anu
appeared the several persons whose hanneo
are hereuntO subscribed, all above the
full age of majority, who seyerany anu
mutually declared unto me, said Notar! =.
that. ayailing themselves OF the laws OF
this state relative to the organization 81
trading corporations, and more especian al,
TO Act 267 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, 10 FORM
themselves into a corporation and BODY
pOlitic in law for the objects ana pur-
poses and under the stipulatiOns herein
after set forth. .., -,
this corporation shall be Labarre ROOT
ing Company, Incorporated, and as sucn
it shall have and enjoy succession anu
existence by its 80, corporate r6 Iam the date
hereof; il shall have the power anu
authority to contract, sue ana De SUI
and make and use corporate scar,
same TO break and alter at pleasure 10
hold. purchase, lease sell.
hypothecate or pledge property, rear
personal or mixed, necessary, incldentai
or proper for the carrying Oh Vi ,hiS
business; to conduct its business In thls
State and other States and countries Oh
the United States and foreign couhtIIes'
to buy and hold stock in any other coni-
pany or companies that may assiSs 70
company in its objects and purposes 70
make and issue notes and certificates Oh
indebtedness; to own, hold use PuL-
chase or sell letters patent TO haIne'
elect and appoint managers, directors,
agents. clerks or other employees to
properly conduct its corporate business
and to make and establish such Dy-laWs,
rules and regulations as may De iounu
necessary or desirable for the manage
ment Of the business and analrs OF the
corporation. and generally to do all ana
every other act, manner or thing heCes-
sary for a complete and proper carrying
out OF said business to the same extent
as natual persons might or could 90 In
any part Of the world as principals,
agents, contractors or otherwise alone OF
In company with others.
ARTICLE III. 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
be carried on by 1t are stated and de-
clared to be as follows, to-wit:
l. To carry on a general roofing busi-
ness, including the purchase ana seihhg
OF all kinds OF roofing and roohng 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 ana construct
principals or agents, and to lease, Duy'
hold and sell all such property, machin-
cry and equipment, real or personal,
l,I ms u
sary for the prosecution of said business.
2 To carry on a general business in
GLIDING the purchase and sale at whole.
sale and retail of roofing. contractors
equipment supplies materials ;n, mi mac can-
tracts and agreements necessary to the
prosecution Of said business
g. To apply for or purchase or other
wise acquire, and to grant licenses for
the use OF, to sell, assign or otherwise
privileges, licenses, trade marks, trade
James, devices and improved or secret
processes Of every sort and description
necessary and incidental to these pur-
poses.
To represent as agent for the pur-
poses Of distributing or laying rooing
or roofing materials, manufacturers, agents
or distributors of roofing or roofing ma
ness as may be lawful and as may be
found necessary or desirable. and such
as is generally engaged in by corpor-
ARTICLE ". Capital stock of this
corporation is hereby fixed at Fifty
into One Thousand 0.OO0) Shares OF the
par value Of Fifty Dollars $4,000 each,
property, good will or service done. The
capital stock may be increased to one
hundred fifty thousand dollars. No stock
holder shall ever be held liable or respon-
S,h for hn
this corporation in any further sum than
the balance due the corporation on the
shares of stock subscribed by him, nor
shall the stock be subjected to assess
ments.
The corporation shall begin business
and become a going concern as soon as
Thirty Thousand Dollars ($3O,OOO.O0) OF
the capital stock shall have been SUB
scribed for, and Fifteen Thousand Dol
lars (S15 ,OOOOO) Of the stock shall have
been issued and paid for. whenever IL
shall become necessary or desirable 10
dispose and issue any of the remalnlng
be given an opportunity to purchase SO
much of the same at par value in pro.
portion to his or her interest in the hrsi
Thirty Thousand Dollars l$3O,OOO!OOl Of
stock issued No stock shah be sold by
any stakeholder in this corporation with
out first Offering the same to the corpor
alton at its then market value.
The general meeting or STOCKHOLDERS
shall take place on the second Tuesday
OF December of the year beginning Will
the second Tuesday Of December, 1922
The President of the company may
whenever he deems it advisable, cal
special meetings Of the stockholders. A
all meetings a majority Of stock presen
and represented shall constitute quorum
for the transaction of business.
ARTICLE vi. All the corporate pow
ers OF this corporation shall be vested
in and exercised by Board of Direc
tors composed Of three stockholders
which number may be increased to sever
by two-thirds (2-3) vote of stock presen
and represented at a meeting called fo
that purpose. Until the second Tuesda,
n of December, 1922, the following nameC
\ persons shall constitute the Board o.
Directors of this corporation, to-wit
Charles +. Labarre, 94l Gravier; Jos. A
Craven, 124 S. Lopez: Louis N. Lang
1926 Spruce.
Thereafter the directors shall be elect
ed annually the second Tuesday o
December, beginning with the year 1922
Any stakeholder may be eligible fo
membership on the Board OF Directors
without regard to the number of shares
owned by him or her. All elections fo
directors shall be by ballot, and eacl
stockholder shall be entitled to one vot
for each director for each share OF stool
standing IN his or her name on the book
of the corporation; each vote may b.
cast either in person or by proxy. 4
failure to elect the directors on the sec
ond Tuesday OF December or annual!
thereafter shall not work a forfeiture o
this charter, but the old Board of Direc
tors shall remain in office until thei
successors are elected and qualified.