The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-26

Notary Public.
New Orleans, La. Jan. Il. 1922.
Jan a6-Mch.
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 year
of our Lord, one thousand nine hundred
and twenty-five, before me, EDOUARD
+. HENRIQUES, IA Notary Public in and
for the Parish of Orleans. State of Louis
lana, duly commissioned ana quallneu
and in the presence Of the witnesses Mere
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
lions, they have formed and organized.
and by these presents do form themselves
and those whom they represent into and
constitute corporation and body p0htlc
in law for the objects and purposes ana
under the stipulations and agreements
hereinafter set forth and expressed, which
they hereby adopt as their charter.
ARTICLE 1. The name and title OF
this corporation hereby formed Is de-
clared to be SMITH X TRIGG, INC; its
domicile shall be in the City of New
Orleans, State of Louisiana, and it shall
have and enjoy succession by its c0rpor-
ate name for a period OF ninety nine lSS)
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
be served upon the President. and in the
event of his absence or inability TO aci
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
(2) To act as agent and representa-
tive of mills, quarries and other manu-
featuring industries, manufacturing o.
handling building materials used in the
construction of buildings or other works
go To buy and sell real estate, and t.
erect buildings thereon. as well as TO act
as contractor and builder on property o
other persons.
| (D And generally to do anything es
sential or necessary to carry out tn tn,
| ARTICLE III. The capital stock o
| this corporation is hereby fixed at thu
| sum of Five Thousand Dollars (S5,OOO.OO)
divided into and represented by nifty TOO
! shares of the par value of One Hundred
and No 100 Dollars ($1O0.OO) each, whicl
shall be paid for in cash or in propert.
actually transferred to the company.
The capital stock of this company ma!
be increased to any amount not exceed
($5O,OO0O0, in the manner hereinafte
provided.
In the event of the 'increase of tn
capital stock, each stakeholder shall
have the right to purchase the new stoc
| to be issued in proportion that hi
then holdings bear to the stock then out
standing. In such event, each stock
holder shall have ten Q0) days writer
notice of the proposed increased issue o
| stock, within which time he shall hav
the right to notify the company of hi
desire to take his proportion of the neN
| issue of stock, or such shares less tina
his proportion that he may desire to pur
| chase. Failure on the part of any stock
his proportion and share of the neN
issue of stock shall give the Board o
Directors the right to dispose OF SAT-
new issue of stock as they may see nj
! ARTICLE ~. Thirty 500 shares o
the stock of this company have been sub
scribed at the time of the passing of thi
act of incorporation. and this corporation
shall become a going concern as soon a
| fifty 900 per cent of said subscription
| shall have been paid for, either in cas-
| or in property.
ARTICLE V. All of the corporate pow
| ers of this corporation shall be veste
in and exercised by a Board Of Directors
| to be composed of no less than four "A
and not more than seven "a stockholders
a majority of whom shall constitute
quorum for the transaction of business
| The Board of Directors shall be yeste
| with full power and authority to max
all contracts. purchases and sales, an
| adopt all bylaws, rules and regulation
for the government of the business an
affairs of the company; and alter. amen
and change the same at pleasure; ap
point, hire and discharge all officers
agents and employees, fix all salaries
and generally do and perform all thing
| necessary in the transaction of the bust
ness and affairs of the company. An.
vacancy occurring in said Board shall b
filled by the remaining directors iron
among the stockholders.
The first Board of Directors of this cor
poration shall consist of: l.. ID. Smith
l.. II. Trigg, Maurice NJ. Jones and Mrs
Ethel Il. Smith. all of whom reside II
| New Orleans, with l.. ID. Smith as Pres!
dent, Maurice NJ. Jones as Vice-Presiden
and l.. ii. Trigg as Secretary Treasures
who shall hold office until the secon
Monday in January, 1923, or until thei
successors are duly elected and qualified
On the second Monday in January
1928 and annually thereafter. an electlo
for directors shall be held at the ofhc
of the company, under the SUPERVISE
Of three go commissioners to be appoint
ed by the President. and the director
then elected shall take their seats 'imm
diately and shall hold office until the
successors are duly elected and qualihe
Each Board shall elect its own officer
President, and a Secretary Treasure
All corporate elections shall be by ba