The herald., 1922-02-23

A True Copy of the Original:
l.. Z. BEARD.
Notary Public.
New Orleans, La, Jan. IL, 1922.
Jan. 20 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 veal
of our Lord, one thousand nine hundred
and TWENTY-FIVE, before me, EDOUARI
+. HENRIQUES, Notary Public in and
for the Parish of Orleans, State of Louis
lana, duly commissioned and qualified
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, availing 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 a 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 l. The name and title of
this corporation hereby formed is de-
clared to be SMITH & TRIGG, INC; its
dOmicile shall be in the City of New
| Orleans, State of Louisiana, and il shall
| have and enjoy succession by its cOrpOr-
ate name for a period of ninety mine (99)
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
served m ha
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-
clared to be:
~ To purchase and sell lumber
brick, stone, cement and all building ma
terials, at either wholesale or retail
90 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
80 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-
sential or necessary to carry out the
objects and purposes of this CORPORATION
ARTICLE III. The capital stock Of
this corporation Is hereby fixed at the
sum of Five Thousand Dollars 5000 O0) &.
divided into and represented by fifty 500
shares Of the par value of One Hundred
and No 400 Dollars ($100O0) 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/100 Dollars
($5O.00OO0), in the manner hereinafter
provided.
In the event Of the increase Of the
capital stock, each stakeholder shall
to be issued in a proportion that his
then holdings bear to the stock then out
standing. In such event, each stock
holder shall have ten Q0) days written
stock, within which time he shall have
the right to notify the company of his
desire to take his proportion of the new
issue OF stock, or such shares less than
his proportion that he may desire to pur-
chase. Failure on the part of any stock
holder to exercise the right to purchase
MS proportion and share of the new
issue Of stock shall give the Board of
directors the right to dispose of said
ARTICLE-!v. Thirty 1907 shares Of
the stock of this company have been SUBJ
scribed at the time Of the passing of this
act or incorporation. and this corporation
snail become going concern as soon as
nifty 900 per cent Of said subscription
shall have been paid for. either in cash
or In property.
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 (4)
ana not more than seven "a stockholders
a majority Of whom shall constitute a
quorum for the transaction Of business.
Inc Board OF Directors shall be vested
with full power and authority to make
all contracts, purchases and sales, and
ADOPT all bylaws, rules and regulations
Tor the government of the business and
and change the same at pleasure: an
point. hire and discharge all officers
agents and employees, fix all salaries
and generally do and perform all things
ness and affairs of the company. Any
vacancy occurring in said Board shall be
nlled by the remaining directors from
among the stockholders
The first Board OF Directors of this cor
Poration shall consist Of: L. d. Smith.
1: II. Trigg, Maurice NJ. Jones and Mrs.
Ethel b. Smith,. all Of whom reside In
New orleans, with l.. d. Smith as Presi-
dent, Maurice NJ. Jones as Vice President
who shall hold office until the second
Monday in January. 1923, or until their
successors are duly elected and qualified.
On the second Monday in January,
tsZo' ana annually thereafter. an election
a
OF the company, under the supervision
OF three (3) commissioners to be appoint
ed by the President and the directors
tnen elected shall take their seats imme-
diately and shall hold office until their
successors are duly elected and qualified.
Each Board shall elect its own officers.
which shall consist of President a Vice
President, and Secretary Urea surer.
All corporate elections shall be BY bal
lot, and majority of the votes cast shall
elect. and each share Of stock shall be
entitled to one vote, either in person or
oy proxy: Written notice of elections
shaH be given to each holder of stock by
the Secretary-Treasufer at least fifteen
15) days prior to election.
ARTICLE vi. This act Of incorporation
may be changed. modified or amended.
or the capital stock increased by and
with the consent of two-thirds f2-3) OF
All or the stock. A change in the objects
ana purposes may be made only by
vote OF all of the stock, but this corpor.
alton may be dissolved by a vote Of the
holders Of two-thirds (2-3) of the stock
a.