The herald., 1911-08-31


hereby declared TO he to conduct hotel
restaurant and saloon business in this state
ARTICLE III.
The capitaI stock of this corporation 1
hereby fixed at the sum Of ten thousand dol
lars $4,000 00), divided into and repre-
Spnted by one hundred shares (1OO) OF TIT
par value Of one hundred dollars 100000
each, which shall be paid for in cash IL
such amounts, and in such manner and a
such times as the board of directors MAJ
determine, or the same may be issued at no
less than par value in full payment for pro
perry actually received by or services actu
ally rendered to the company; such stool
when so issued shall be full paid and non
aSSeSSable.
ARTICLE ".
This corporation snail have power an(
authority to contract, sue and be sued II
its corporate name make and use corpo
rate seal (the same to change or alter al
pleasure) hold. receive, lease, hire ant
purchase property, both real and personal
and to sell, mortgage or pledge the same
borrow money, issue bonds, notes or Other
evidence of Indebtedness and assume the
same hire, employ and discharge, all ON
GERS, agents and employees, and fix theli
salaries and compensation and make suct
bylaws, rules, and regulations for the pro
per management and expedition of its affairs
as may be necessary and proper, and alter
amend and change the same at pleasure.
ARTICLE v.
The business and affairs Of this corpora
ton shall be managed and conducted by a
board Of three directors, who shall be stock
holders, and shall be elected at the annual
meeting of the stockholders TO be held on
the first Monday Of July in each year; no
tice Of which meeting shall be given by
mail at least five days prior to the holding
thereof At said meeting every shareholder
shall be entitled to cast one vote, In person
Or Inv stock owned
by him at that time, and majority OF votes
cast shall elect
The board Of directors shall prescribe the
manner in which said meeting shall be held
and the votes cast and the result ascertain
ed The failure to hold any annual meet
ing shall not terminate the charter but the
officers then In office snail continue In ONCE
and shall summon an annual meeting as
soon as possible.
The board Of directors OF this corpora
tion shall exercise all the powers, both gen
eral and special. vested In the corporation
as fully in every respect as the same might
be exercised by the shareholders Of the COM
pany and shall in no case be required to
summon a meeting OF the shareholders OF
the company to ratify or authorize any act,
contract. alienation or encumbrance done or
entered into by the said board of directors ::
said board of directors shall have power to
appoint all agents, managers, clerks and
employees. and TO fix their salaries and
They shall have power to
make, change alter and modify all proper
bylaws, rules and regulations for carrying
their charter into effect and for the manage
ment of the business of the corporation.
Said board OF directors shall at Its first
meeting after its own election, elect presi-
dent, vice-president, and treasurer, and
secretary. The secretary need not be
shareholder or director.
Within ten days from the signing of this
charter the stockholders shall hold a meet
ing for the purpose of electing the first
board of directors and the officers Of the
company, and the directors and officers SO
elected shall hold Office until the first Mon
day Of July 1912, and until their successors
are duly elected and qualified
Each board of directors shall elect its own
officers and I'LL all vacancies occurring in
their number from death, resignation or
otherwise. Two members of the board shall
constitute quorum for the transaction of
business. Any director unable to attend
meetings of the board may give his proxy
TO another director.
Transfers Of stock shall not De recognized
unless made on the books of the company
by the owner or his duly authorized agent
and attorney-in-fact, and each share of
stock shall be entitled to one vote, either in
person or by proxy at all meetings of the
The corporation shall commence business
and become a going concern as soon as
three thousand dollars shall have been sub
scribed OF its capital stock shall have been
ARTICLE VI.
This act Of incorporation may be changed,
modified or altered, or this corporation may
be dissolved with the assent OF two thirds
OF the capital stock present or represented
at general meeting Of the stockholders
for that purpose after thirty DAYS
prior notice Of such meeting shall have been
given by publication in one of the daily
newspapers published in the city of New
orleans once week during said thirty days,
and such changes as may be made in refer
canital in
addition forty days prior written notice by
nail to each stakeholder.
ARTICLE VII
Whenever this corporation Is dissolved,
either by limitation of its charter or from
my other cause, Its affairs shall be liqui-
lated by two commissioners elected by the
from among their number at a
general meeting Of the stockholders con-
1ened for that purpose, after thirty days
prior notice shall have been given in the
'ame manner as provided in Article vi, and
It which meeting their compensation Shall
'e fixed Said commissioners shall remain
n office until the affairs Of the corporation
ave been fully liquidated. In case of
ieath Of either of said commissioners, the
survivor shall continue to act
ARTICLE VIII.
No stakeholder Of this corporation shall
yer be held liable or responsible for the
ontracts or faults thereof In any further
um than the unpaid balance due to the
corporation on the shares Of stock owned
" him, nor shall any mere informality In
rganization have the effect of rendering
his charter null or Of exposing a share
lolder to any liability beyond the amount
Il his stock.
ARTICLE TX.
The subscribers hereto have each written
opposite their names the number of shares
INSCRIBED for, so that this act NAV also
erve as the original subscription list
Thus done and passed, in my office at the
ity or New Orleans, aforesaid, In the pres |
nee OF Eugene ID. Saunders and X. johnson,
ompetent witnesses of lawful age and re-
iding In this CITY, who hereunto sign their |
ames with the said appearers and me- no.
airy, after due reading of the whole
(Original signedD: c. C.. Jackson, 20 |
hares; j. F. Wallenbuy, ) shares Jas. L. |
Iarding, shares. (Witnesses1 Eugene ID. |
aunders, X. Johnson.
FRED. C. MARX, Not. Pub.
tate OF Louisiana,
'arish OF Orleans.
/, the undersigned recorder of mortgages. |
q and for the parish Of Orleans, state of |
'ouisiana, do hereby certify that the above |
nd foregoing act Of Incorporation of the |
ackson Company was this day duly record |
In my office in book 1851, folio -.
New Orleans, July %, 1911.
(Signed) EMILE LEONARD,
!Seall Dy. Recorder |
FRED. c. MARX, Not. Pub.
SeaD aug 10 II "a 81 sep 1911 |