The herald. [volume] (New Orleans, La.) 1905-1953, 1922-09-28
CHARTER OF
ENEL CHEMICAL MANUFACTURING
EnNptNN

| Louisiana, Parish of Orleans. City OF
| New Orleans. BE it known that on this
| 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
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 severaiy 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 a cor
| poratiOn and body polite in law for the
| objects and purposes and under the stip-
| 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 it 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 a 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 OF
| to contract, make anu endorse bills OF
exchange and prOmissOry notes, to issue
| bonds; to name and appoint such officers
and agents as the interest of said cor
| pOrati0H may require; to make all neces-
| sary bylaws for the proper manage
ment of its affairs, to acquire stocks and
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 eE-
ercise such rights and powers permitted
by law to corporations.
ARTICLE ii. 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 hereby declared
to be: To manufacture chemicals, paints
varnishes and such other materials and
as sales agents such other manufacturers
and jobbers as the Board of Directors
may deem necessary and expedient.
ARTICLE III. The domicile of this
corporation shall be in the city of New
Orleans. state of Louisiana, but it may
establish offices and agencies in other
states or foreign countries. All citations
or other legal process shall be served on
the President, or, in his absence, on the
Vice President. or, in the absence of both,
upon the Secretary Treasurer.
ARTICLE ". The capital stock of
this corporation shall be Seven Thousand
90 100 Dollars, to be divided into seventy
(70) shares of the par value of One Hun
dred O0/1OO Dollars ($1OO.OO) each, which
shall be paid for in cash or its equivalent,
or for property or labor performed, or
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 of
Fifteen Thousand O0/10 Dollars.
This corporation snail be a going con-
Germ and authorized to begin business as
soon as fifty per cent or the capital STOCK
shall have been subscribed for and paid
into said CORPORATION.
ARTICLE V. All the corporate powers
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 a quorum
for the transaction of business.
The officers of this corporation shall be
President, Vice President, a Secretary
annually by the Board Of Directors from
among their number. All directors and
officers shall be elected for term OF one
year, but shall hold office until their
successors are elected and qualified.
Any vacancy in the Board Of Directors
or offices from whatever cause shall De
filed from among the stockholders by the
remaining members of the Board OF Direc-
tors.
All elections shall be by ballot; each
share shall be entitled to one vote, ana
the majority Of the votes cast shall elect
Votes may be cast either in person or Dy
shall be voted at any meeting which has
been transferred upon the books OF the
corporation within thirty days prior to
the said meeting.
ARTICLE vi. No stakeholder shall ever
be held liable for the contracts, faults OF
debts of this corporation, nor shall any
mere informality in its organization have
the effect of rendering this charter void
or exposing a stakeholder to any liability
beyond the unpaid balance due on the
shares owned by him.
No stakeholder shall have the right tC
dispose Of ALLEVIATE or otherwise encum'
Der his holdings Of stock in this corpor-
alton without first notifying the said cor
poratioH in writing fifteen days before
so doing and the stockholders Of said
corporation shall have the right and priv
ilege Of availing themselves OF the hold
ings or stock so offered.
ARTICLE VII. The first Board of
Directors shall consist Of John l.. Thomp-
son. James c. Motion and s. Miles Shafer.
with John l.. Thompson as President
James c. Motion as Vice>Pres1dent ano
s. Miles Shafer as Secretary and Treas