The herald., 1922-05-18
CHARTER
CHARTER OF CUDLIPP Betting
AND MACHINERY co. INC.

AND MACHINERY CO, INC.
United States of America. State OF Louis
lana. Parish of Orleans. City of New Or
leans. Re 1t known, that on this eighth day
of April, in the year one thousand, nine
hundred and twenty-five, Before me, Will
liam Waller Young, a notary public. in
and for the Parish of Orleans, State of
Louisiana. duly commissioned and quail
fed. and In the presence of the witnesses
hereinafter named and undersigned, per
sonally came and appeared: the several
persons whose names are hereunto sub
scribed. all above the full age of majority.
who seyerally declared, that, availing them
selves of the laws of the State OF Louis
lana. particularly Act 267 of 1914. relative
to the organization Of corporations. they
do, by these presents, agree and bind
themselves, as well as such other persons
as may hereafter become associated with
them, to form and constitute corpora
ton for the objects and purposes and
und"- the articles and stipulationS follow
ing, to-wit:
ARTICLE 1.-The name, style and title
Of this corporation shall be Cudlipp Belt
ing and Machinery Co., Inc, and. under
that name it shall have and enjoy all the
rights, advantages and privileges granted
by law to corporations, and shall exist for
the full term and period OF ninety nine
years from this date. 1t shall have powe
to contract sue and be sued; to make
and use a corporate seal and the same -
alter and break at pleasure; to hold, re-
ceive. lease. purchase, sell and convey, as
well as mortgage, hypothecate and pledge
property, real, personal and mixed, cor
poreal and Incorporate; to name and Lp-
point such managers. directors. officers,
agents and other employees as its interest
and convenience may require, and to make
and establish as well as alter and amend,
from time to time, such bylaws, rules
aud regulations as may be necessary and
eXpedient for the proper management and
government of the affairs of said corpora
ton.
ARTICLE 1.-THE domicile or this cor
porGtion is hereby fixed in the City OF
New Orleans. State Of Louisiana, and ell
citations or other legal process shall be
served upon the President of this cor
poration or, in his absence, upon Its sec
retary-treasurer.
ARTICLE III-The objects and pur-
poses for which this corporation is es-
tablished and the nature of the business
to be carried on by 1t are hereby declared
to be: To do general betting, mill sup
Ilv snd machinery business; to buy and
sell all kinds of betting. mill supplies
road machinery and machinery OF all
kinds; to carry on a general merchandise
business and buying and selling; to act
a, manufacturers and others agents In
the buying and selling of all kinds Of ar
ticles, both manufactured and unmanu-
featured and in process of manufacture
to import and export all kinds Of goods
and materials to foreign countries, as well
ms to Ssell all kinds of goods in the United
States; to manufacture all kinds Of ma
chinery, merchandise and materials; 10
manufacture, buy, sell, import and ex-
port and deal and trade in manufacturer $
and mill supplies, engines. boilers. ma
chinery. tools, machine-shop and electri-
cal supplies and appliances. foundry and
factory supplies and hardware Of al
kinds: and generally to do and transact
all business properly connected with. In
cidentai or convenient to any OF the said
objects and purposes.
ARTICLE Iv-The capital stock Of this
corporation is hereby fixed at the sum OF
thirty thousand dollars s30,0oO.00), to be
divided into and represented by three
hundred 1900 shares in the sum OF one
hundred dollars (s100.00) each; said stoch
shall only be issued for cash or In pay
ment of property actually received OF
purchased by said corporation. The CAPT
tai stock of this corporation may be In
creased to the sum Of fifty thousand dol
lars (s5O,O0000).
ARTICLE v-All the corporate powers
Of this corporation shall be exercised by
board of directors consisting of thre'
stockholders, a majority of whom shall
constitute a quorum for the transaction
of business. The directors may vote IL
person or by written proxy In favor Of
another director. The board Of directors
number a president, a vice-president and
a secretary-treasurer.
The first board Of directors shall consist
of three stockholders, and shall be com
posed of: w. S. Cudlipp, John s. Finley
Wendell H. Billings with w. s. Cudlipp
as president; John s. Finley, as vice
president and Wendell III. Billings, as sec
rotary treasurer.
The post office addresses Of said direc
tors are as follows: w. s. Cudlipp, 81
Tchoupitoulas Street, New Orleans, La:
John S; Finley, 81 TchouPitonii,as stre s1.
| Tchoupitoulas Street, New Orleans, La.
These directors shall serve until tn,
| third Tuesday in March, 1923, or unit
their successors have been duly elected
and qualified. The annual meeting o
stockholders for the election of director
shall be held on the third Tuesday il
March. of each year, unless said day De
legal holiday, and then on the next bani
day thereafter. Any vacancy occurring
among the directors by death, resignation
or otherwise, shall be filled by election TO
the unexpired term by the remaining di
rectors Each subscriber hereto sets afte
| his name his post Office address ana
statement of the number OF shares or stoci
which he agrees to take in the corporation
| At all elections every stockholder shai
| be entitled to one vote for each snare o
stock standing in his name on the book
| Of the corporation, to be cast In persoi
| or by his written proxy. A majority
the votes cast shall elect.
| ARTICLE Win the event VI the iqui
| dation or dissolution Of this corporation
| the stockholders shall elect three liquida
| tors from among their number at a meet
| ing convened for that purpose. after M
| teen (I5) days written notice sent 70 eaci
stakeholder by mail to his last knowa al
dress; said iiQuidators shall have the au
thority to wind up the business and anair
| of this corporation. In case OF the death o
! a liuuidator, the survivors shall appoin
a stakeholder as successor to him.
ARTICLE VII-This charter may o
modified, changed or altered, or said cor
poration may be dissolved, with the asseI'
of stockholders owning two-thirds OF IN
entire capital stock at general meetlh'
| of the stockholders convened for that pur
pose. after fifteen Q5) days written no
! tice shall have been given to each STOCK
holder. mailed to him at his last KNOW
| address.
| ARTICLE vIII-No subscriber for stocl
shall ever be held liable for the contracts
| faults or debts Of said corporation In an!
| further sum than the unpaid balance, ]
any, due the corporation on the stock 10
| which he has subscribed; nor shall an;
| stakeholder ever be held liable for sue
contracts, faults or debts in any turtle
| sum than the unpaid balance, II any o.
the stock owned by him: nor shall an
mere informality in organization have Tn
! effect of rendering this charter null, o
rendering any subscriber or stockholde
| liable beyond the unpaid amount, IL any
remaining due on his stock.
| No stakeholder in this corporation ca