The herald., 1922-12-14
CHARTER OF
II. j. dorm CO., INC.

Nov. 16-Dec. 81
CHARTER OF
r. j. dorm CO., INC.
State of Louisiana, Parish Of Orleans
City of New Orleans. BE IL known that
on this the ninth day Of the month of
November, in the year of our Lord, one
thousand nine hundred and twenty two,
before me- EdOuard f. Henriques, q
Orleans, state of Louisiana duly commits
stoned and qualified, and in the presence
OF the witnesses hereinafter named and
undersigned, came and appeared in per-
son the persons whose names are here
unto subscribed, all above the full age
OF majority, who personally declared TO
me that. availing themselves OF the priv
lilege offered by the laws Of the state of
Louisiana relative to the formation OF
corporations, and more particularly by
the terms of Act No. 267 of the General
Assembly of the state of Louisiana for
the year 1914. they have covenanted and
agreed and by these presents do cove
nant and agree and bind themselves as
well as such other persons as may here
after become associated with them, to
form themselves into and constitute a
corporation and body polite in law for
the purposes and objects and under the
stipulations, articles and conditions fol-
lowing. towit:
ARTICLE l. The name and style of
this corporation shall be r. J. Dorm
Co. Inc, and under its said corporate
rights, advantages and privileges granted
by law TO corporations.
| This corporation. unless sooner dis
| solved in accordance with this charter,
shall have and enjoy corporate existence
and succession for the full term and
period of ninety nine (99) years from and
after the date hereof.
Ii shall have the power and authority
to contract, sue and be sued under its
corporate name: to make and use a cor
porate seal. and the same to break and
1 oil nj MIA hArl har
purchase, improve. ALLEVIATE, convey, sell,
borrow, pledge. lease. mortgage and
hypothecate under its said corporate
name, property, real personal and mixed,
corporal and incorporeal, without limit
as to Kind or amount; to name and ap-
point such directors, officers, agents.
managers and employees as the business,
interest or convenience of the corporation
may require; to make and establish by
laws. rules and regulations for the
proper management and regulation Of
and proper, and the same to change and
alter at pleasure: and to do all other acts
and things permitted by law as shall
or may be necessary and proper to carry
poration; it being hereby expressly pro-
vided that the foregoing and following
enumeration of specific powers shall not
be held to limit or restrict in any manner
the powers accorded by law to such cor
porations.
ARTICLE II. The domicile of this
corporation is hereby established in the
city of New Orleans state of Louisiana
but 1t may establish amid operate branch
offices and agencies throughout the state
Of Louisiana, and in other states and
foreign countries.
All citation and other legal process
shall be served upon the President, or
in his absence or inability to act from
any cause, on either the Vice President
or the Secretary Treasurer: and In the
absence of all Of said officers. service
may be made on any other regularly
employed officer. agent or employee
oqpS In the ssntd,nes %S se s of the
ARTICLE III. 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-
az To manufacture. purchase, sell.
export and import roofing material and
terials: and to lay. erect. construct and
sell or otherwise dispose of same
S2) To establish warehouses. agencies.
the articles and products manufactured
by itself or others throughout Louisiana
and other states or territories Of the
United States of America, and in foreign
(S) To buy. sell. deal in, export and
import any and every kind or descrip-
ton Of material. merchandise. products
chasing and selling agents therefor.
az Generally to do and to engage in
any other, business, undertaking or en-
terprise connected with, growing out of.
several objects and purposes hereinabove
set forth or contemplated by this charter.
ARTICLE ~. The capital stock bf
sum Of One Hundred and Seventy: live
Thousand Dollars ($175, OOO.OO), divided
into and represented by Seventeen Hun
yqlua M
each, all Of which shall be common stock
said stock, shall be paid for in cash, or
same may be issued at not less than
Vice performed for said corporation, or
In exchange for property or rights act
ually received or purchased by said cor
poration,. in accordance with law: All
and worcestershire.
This corporation shall have the right
to increase its capital stock to any
amount aqs 6 not oc sonSsoeeding One Million Dol
Eighty seven Thousand Five Hundred
Dollars Hs7 10000 or Fifty (50) percent
Of the capital stock Of this corporation
the execution Of this act Of fncorpora-
ton: and this corporation shall become
going concern and shall be authorized
70 To, engage In business as as soon as Fifty
shall be actually paid In, in cash; the
remainder Of the amount so subscribed
Tor shall be paid In, In cash, within one
year from and after the date hereof.
The residium Of the stock shall be SUBJ
scribed. issued and paid for in cash or
property, etc. subject to the action and
call Of the Board of Directors, in con-
laws pertaining thereto.
No stock shall be sold or transferred
until an opportunity Is first afforded all
other stockholders Of record to purchase
said stock at book value, as shown by
the last inventory preceding such notice.
Written notice of intention to sell shall
be given by the owner to the Board of
Directors and transmitted without delay
by 1t to the stockholders, who are hereby
given fifteen (15) days (from receipt OF
the Boards notice. to accept and pay
for such stock in cash; each stakeholder
TO have the right to purchase in proper
ton to his holdings the shares to he
divided Tin said ratiol among such stock
in the purchase. Failure Of the stock:
the time limit. release the stocfhoiders
from the effect Of this provision.
ARTICLE V. All the corporate powers
OF this corporation shall be vested in
and exercised by a Board Of three (3)
directors, composed Of bona fide stock |
holders. each Of whom shall own at all |
times one fun paid. unpledged share Of |
stock: two directors shall constitute a |
quorum for the transaction Of business. |
Roger Joseph Dorm, Havana, Cuba |
Rene Dorm, 50 Wall street, New York |
City, N. T., and Charles A. Duchamp, |
915 Mafson Blanche building, New Or |
leans. La, shall constitute the drst Board |