The herald., 1922-05-11
CHARTER
CHARTER OF CUDLIPP Betting
AND MACHINERY co. INC.

AMI W.,
United States of America, State OF Louis
lana. Parish of Orleans. City of New Or
leans. Re il 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 26d 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 a corpora
ton for the objects and purposes and
und"r 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 IL shall have and enjoy ell 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 power
to contract. sue and be sued; to make
and use a corporate seal and the same 20
alter and break at pleasure; to hold. re-
well as mortgage. hypothecate and pledge
property, real personal and mixed, cor
poreal and incorporeal; to name and hp-
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 ana
eNpedient for the proper management ana
government Of the affairs Of said corpora
ton.
ARTICLE 1.-THE domicile OF this cor
porGtion is hereby fixed in the City OF
New Orleans, State of Louisiana. and Gil
citations or other legal process shall be
served upon the President of this cor
poratiOn or, in his absence, upon its Sec
retarytreasurer.
ARTICLE III-The objects ands pur-
poses for which this corporation is es-
tablished and the nature of the business
to be carried on by it are hereby declared
to be: To do a general betting, mill sup
Ilv and 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
as manufacturers and others agents In
the buying and selling of all kinds of ar.
ticles. both manufactured and unmnnu'
featured and in process Of manufacture
to import and export all kinds OF gooos
and materials to foreign countries, as well
States: to manufacture all kinds of ma
chinery, merchandise and materials; L
manufacture, buy, sell, import and ex
port and deal and trade in manufacturer
and mill supplies, engines. boilers; ma
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 salC
objects and purposes.
ARTICLE Iv-The capital stock of thi'
corporation Is hereby fixed at the sum OF
thirty thousand dollars ($30.OOOOO. to b'
divided into and represented by thre'
hundred 5000 shares in the sum OF on,
hundred dollars (S1000O) each; said stocl
shall only be issued for cash or in pay
ment of property actually received oil
purchased by said corporation. The CAPT
tai stock of this corporation may be in
creased to the sum Of fifty thousand dol
lars ($50OOO.OO).
ARTICLE v-All the corporate power.
of this corporation shall be exercised by {
board of directors consisting of three
stock holders, a majority of whom shall
constitute a quorum for the transaction
of business. The directors may vote Ii
person or by written proxy in favor o.
another director. The board Of directors
shall elect annually from among theil
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 III. 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
| Tchoupitoulas Street. New Orleans. La.
John s. Finley, 81 Tchoupitoulas Street
New Orleans, La; Wendell III. Billings, 81
Tchoupitoulas Street, New Orleans, La.
These directors shall serve until tn
third Tuesday in March. 1923, or unit
their successors have been duly electe'
and qualified. The annual meeting o
stockholders for the election of director
| shall be held on the third Tuesday II
| March. of each year, unless said day De
legal holiday, and then on the next pam
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 al
rectors Each subscriber hereto sets afte
his name his post office address ana
| statement of the number of shares OF stocl
which he agrees to take in the corporation
| At all elections every stockholder shal
| be entitled to one vote for each snare
stock standing in his name on the book
| of the corporation, to be cast in perso
| or by his written proxy. A majority
the votes cast shall elect.
| ARTICLE Win the event Of the liqui
| dation or dissolution Of this corporation
the stockholders shall elect three hquida
| tors from among their number at meet
| ing convened for that purpose, after III
| teen 15) days written notice sent TO eac,
| stakeholder by mail to his last known al
| dress; said liquidators shall have the au
| thority to wind up the business and anair
| of this CORPORATION. In case of the death o
! n Iiouidator, the survivors shall appoln
a stakeholder as successor to him.
| ARTICLE VII-This charter may
/ modified, changed or altered. or SAID cor
| poration may be dissolved. with the asseii
| of stockholders owning two-thirds or IN
| entire capital stock at a general meeting
| of the stockholders convened for that pur
pose. after fifteen C5) days written no
I tice shall have been given to each STOCK
holder. mailed to him at his last Know
| address.
| ARTICLE vIII-No subscriber for stoc
| 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 IN
effect of rendering this charter null. o
| rendering any subscriber or stockholde
liable beyond the unpaid AMOUNT, II AM
remaining due on his stock.
| No stakeholder in this corporation ca