The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-25
CHARTER OF
LUMBERTON BROOM AND MOP
HANDLE FACTORY INC


HANDLE FACTORY, INC.
, United States of America. State o
Louisiana, City of New Orleans. BE i
known that on this tenth day of May
in the year one thousand nine hundred
and twenty-five, before me, FELIN j
| DREGF OGS. Il Notary Public. duly com
miSsioned and sworn in for the Parish
of Orleans and City of New Orleans
therein residing, personally appeared the
persons whose names are hereunto sub
Scribed, who declared that, awaiting
themselves Of the provisions of the laws
of this State relative 10 the organization
OF corporations. and more particularly
Act pa of the General Assembly of this
State. approved July o. 1914, they have
cOvenanted and agreed, and do by these
presents covenant and agree. bind, form
| and constitute themselves, as well as
/ such persons who may hereafter join
corporation and body polite in law for
the objects and purposes and under the
agreements and stipulatiOns following,
tO-wit:
| ARTICLE |. The name and style Of
! TINS corporation shall be LUMBERTON
! BROOM AND MOP HANDLE FAC
! TORY. INC. and under that name it
/ shall have and enjoy all the rights, add
vantageS and privileges granted by law
| to corporations: il shall exist for the
| period of ninety nine years from this
] day: II shall have power to contract. sue
and he sued in its corporate name; to
D
same 10 break and alter at pleasure; to
! hold. receive, purchase. convey. mortgage
hypothecate or pledge property, both
real and personal; TO issue bonds notes
and other obligations or negotiable in
strumentS; To have and enjoy such man
ayers, directors, officers, agents and
other employees the interest and CON
venience of said corporation may require
or demand: to make and establish such
bylaws, rules and regulations for the
corporate management and control of the
3HalrS OF the corporation as may be
deemed necessary or eNpedient.
ARTICLE III. The domiciIe of said
corporation shall be established in the
city OF New Orleans. State of Louisiana. |
and all citations and other legal process |
shall be served on the President; in his |
absence, on the Nice-President. and in |
the absence Of both. on the Secretary.
ARTICLE III. The objects and pur-
poses for which this corporation is
formed and the nature of the business
to be carried on by it are hereby de-
clared to be: To buy, sell and deal in.
at wholesale and retail to consign or
receive on consignment, and to manu-
facture broom and mop handles and
other articles of wOodenware or of do
nestle use; and generally to engage in
and carry on any other enterprise or
business which may be germane or Incl
dental TO. or connected with, the pur-
poses poses hereinaboye set forth or cOntem-
ARTICLE ~. The capital stock OF
this corporation is fixed at the sum of
thirty Thousand Dollars (S30.OOO.OO).
divided into Three Hundred 5000 shares
IF the par value of One Hundred Dollars
$4,000 each. All shares of stock shall ;
De full paid and worcestershire. No ,
ransfer OF stock shall be binding upon
books, and all certificates of stock shall
le signed by such officers as may be ,
designated by the Board of Directors
This corporation shall have the right
rs aUit nj Il d.
her sum of One Hundred Thousand Dol
ars (SlOO.OO0OO), to be divided also into 6
hares of One Hundred Dollars (SIOO.OO) q
aTh, provided said increase in the cap {
TAI stock shall have been authorized by q
ne stockholders at a meeting to be held =
PURSUANT to the provisions of Article V a
f this charter. a.
ARTICLE V. All the corporate powers +
4 this company shall be vested in. and a
he management and control of its affairs n
hail be exercised by, a Board of Direc- ! a
ors composed of three stockholders, the
membership of which board may be in C
reased to seven. A majority of said o
lrectors shall constitute n quorum for {,
ne transaction of all business. The I
irectors shall be elected annually, by o
allot, by the stockholders on the third ;.
londay in May in each year. Each o
tockholder shall be entitled in person c,
Dy proxy, to a vote for every share I
~ " ea,d by him and all elections shall b
Ons as may be determined by, the
GARD Of Directors. after fifteen l5l days' Of
Dtlce by mail of such election shall have a
1own address. The directors thus 81
ected shall continue in office for one aC
1ar, or until their successors shall have vC
, e, duly elected and qualified. No ia
IIure 10 eject snail be regarded as a of
rfe1ture of this charter. ANY vacancy an
curing on said board shall be filled p
the remaining directors for the I'M
pred term; the said board shall like 81,
no ~ |
ey, should determine to increase the l.,
mber of said board. Said board shall en-
It's hrst meeting after its election FL
n nas,; OUT or its number President lie
larry Said board shall have the right ia
consolidate or segregate any two of
"a othces into one and to appoint a tor
.re,ary VINO need not be either a direc- en-
or stockholder, as also the right to Or
point and dismiss such clerks. man 10
ers and other employees of the cor lie
ration as conditions may justify or av,
-a ouSI Te OF the corporation may re- Sc
proves OF the corporation shall be 7
ring the pleasure of the Board of sec
rectors. Any of the directors shall the
=, trr rne hgnt to appoint, by written an,
A. a"other director or stock stO
o usr 10 act as his proxy and in his Sha
al at any and all meetings of the da,
ard of Directors. do,
.RTICLE VI. No stakeholder shall ne;
7 be held liable or responsible for occ
contracts, faults or debts of said res
poratlon, nor shall any mere infor- by
lIty IN its organization have the effect the
rendering this charter null or of or her
ing stakeholder to any liability no adj
"a the unpaid balance due on the of
res owned by him. tat
hIICLE VII. This act of incorpor- ito,
n a may be changed, modified or altered TO
, thlS corporation may be dissolved sta,
tne assent of the stockholders own, the
M.9,-thirds of all the stock of the by
ed for ia at general meeting con- the
Gu Ior that purpose and after at least A
Gays written notice of this meet. lion
mas oeeh given through mail. adj nor
,sed TO each stakeholder at his last tbr,
VII pIace of residence. In case Of nun
oiution by the expiration of This mr.
n Ter OF otherwise. the stockhoIders mott
!. eject three liquidatOrs from among to
NUMBER to liquidate and settle The dat,
ness and affairs of the cOmnany Tn mn
- OF aeath or disability of any Of said | nor,
fasteners or liquidators, the snr- lion
nin, or tne remaining liquidators shall stoc
idators successor to him. The said A
10 soiS snail have full power TO MOD
ding aebt npanys affairs. collect out corr
nav its jahth ana convey prop asse
ing money and property smons me re re- y,
meet and o.. snall also have power that
. corperation and under reenlatiops each
= made by majority of said iioni' last
IS, 10 NIX the price and nre.cs,h. AT
.erms ana sale Of said property and stool
manner In which the same shat, ha cont
!, ana take notes and bonds sacrraS noro
nortgage or otherwise, for mart 80 NINA
p,arcnase price for all or any mart alton