The herald., 1922-10-05
CHARTER OF
EXEL CHEMICAL MANUFACTURING
Sept. 7-Oct. j.

United States of America, State of
Louisiana, Parish of Orleans, city OF
New Orleans. BE it known that on this
thirty first day of the month of August,
in the year of our Lord, one thousand
nine hundred and twenty-five, ana OF the
independence of the United states OF
America, the one hundred and forty
seventh, before me, Gabriel ternauueL'
Jr.. Notary Public in and for the parish
of Orleans state of Louisiana, duly com
m'ssioned and qualified, therein residing,
and in the presence of the witnesses here
matter named and undersigned, person
ally came and appeared the several per
sons whose names are hereuntO sunSSFlptu;
and all residents of this parish anu
state, who severaily declared that, avail
ing themselves of the provisions OF the
laws of the state of Louisiana. III Su'h
cases made and provided and more par
| ticularly of Act No. POI of the General
| Assembly of the state of LOUISIANA LOT
I the year 1914, they have cOyehanteu anu
agreed contracted and bound themselves
| as well as all such other persons as may
/ Hereafter become associated with them
| to form themselves and constitute a cor
poration and body polite in law LOT the
/ objects and purposes and under the sup
| ulatiOnS hereinafter set fOrth, WHICH tHeJ
| adopt as their charter to-Wlt:
| ARTICLE /. The name and title of
| this corporation shall be Excel Chemical
Manufacturing Company, Inc, and under
| its corporate name 1t shall nave power
and authority to have ana ENJOY suc cooT
| from the date hereof. To contract, sue
and be sued; to make and use cor,
porate seal, and the same to break anu
| alter at pleasure; to hold, receive, lease
and purchase under its corporate name
! property, both real, personal and mixed
and the same to sell, mortgage pledge,
hypothecate, lease or otherwise dispose Vi ;
to contract, make and endorse bills OF
exchange and prOmissory notes, 10 ISSUE
bonds; to name and appoint such othcers
and agents as the interest of said cor
nnE tn
sary bylaws for the proper manage,
me Mt of its affairs, to acquire stocks anu
bonds of other corporations; TO lncrease
or diminish its capital stock, ana geher-
ally to do and perform in this state OF
any other state all such things and eG,
ercise such rights and powers permitted
by law to corporations.
ARTICLE III. The objects and pur'
| poses for which this corporation Is organ
lied and the nature OF the busl1ess ~ -
he carried on by II are hereby declared
TO be: To manufacture chemicals, paints
yarnishes and such other materials ant
, ingredients it may require; to represent
as sales agents such other manufacturer
and iobbers as the Board of Directors
may deem necessary and expedlent.
ARTICLE III. The domicie Of this
: CORPORATION shall be in the city OF New
Orleans, state Of Louisiana, but II MAJ
! establish offices and agencies in othe
states or foreign countries, All Glsadio u,
the President, or, in his absence, on TN
Vice President, or, in the absence Oh Doth
upon the Secretary Treasurer.
) ARTICLE ". The capital stock
? this corporation shall be Seven Thousan'
90 400 Dollars, to be divided into seT u,i =
! bred OO1OO Dollars (S1OOOOl each, VINO hlc.
+ shall be paid for in cash or its equlvaleh'
or for property or labor performed,
= service actually rendered TO the corpof
alton.
The capital stock of this corporation
NAV. in the discretion of the Board o
Directors be increased to the sum o
Fifteen Thousand 90 400 Dollars.
This corporation snail be going con
Germ and authorized to begin business
soon as fifty per cent OF the capltai sIoG
l | shall have been subscribed ior anu Pai
into said CORPORATION.
ARTICLE V. All the corporate power
4 NJ This corporation shall be vested in an
! exercised by a Board of Directors CON
posed of not less than three stocKnolG
4 ers. who shall be elected by the stocS
4 holders at the annual meeting OF IN
4 CORPORATION, which shall be on the mrs
4 Tuesday of September Of each year
! A majority of the stockholders prese1
i or represented shall constitute quorui
for the transaction Of business.
The officers of this corporation shaIi :
a President, Vice-President, secretar
4 and Treasurer They shall be electe
annuaiIy by the Board of Directors frol
among their number. All directors an
offcers shall be elected for a term Of or
wear. but shall hold office until the
successors are elected and qualihed.
ANY vacancy in the Board Of Director
or offices from whatever cause snall
allied from among the STOCKHOLDERS by u
remaining members Of the Board or DIRE
4 tors.
All elections shall be by ballot; eaC
n share shall be entitled to one vore' an
the majority Of the votes cast shaIl eieS
II Votes may be cast either In person OF =
n written proxy, provided that no stp,
q shall be voted at any meeting wnlcn n,
n hnan Transferred upon the books OF Il
q CORPORATION within thirty days prior
4 the said meeting.
Y ARTICLE VI. No stakeholder shall ev
a he held liable for the contracts, faults
q debts of this corporation, nor snali al
n mere informality in its organization ma
n the effect of rendering this charter Vol
II or exposing a stakeholder TO any naDiii
q bevond the unpaid balance due on
y shares owned by him.
n No stakeholder shall have the right
"a dispose Of ALLEVIATE or otherwise ehcuI
hnr his holdings Of stock in this corpo
n alton without first notifying the sald CO
n poration in writing fifteen days pe1o
n so doing, and the stockholders OF sa
n corporntion shall have the right ana pr,
n ilege of availing themselves or the mol
n ings or stock so offered.
n ARTICLE VII. The first Board
N Directors shall consist Of John u. Tnom
III son. James c. Motion and 8. Miles Sne1
81 with John L. Thompson as PRESIDE
III lanes c. Motion as Vice-President.
- | nSst.S Sh.far 90 Cacrafarv and Tres