The herald. [volume] (New Orleans, La.) 1905-1953, 1911-09-21
CHARTER
ST. JAMES HOTEL COMPANY.

ST. JAMES HOTEL COMPANY.
STATE OF LOUISIANA, PARISH OF OR
LEANS, CITY OF NEW ORLEANS.
BE 1T KNOWN that on this thirty first day
of the month of July, in the
year of our Lord one thousand
nine hundred and eleven, and of the
independence of the United States of Amer
lea the one hundred and thirty NTH, before
me, Ethelred Macaulay Stafford, Il notary
public, duly commissioned, sworn and quar-
Ihed, in and for the said city and parish OF
Orleans, therein residing, personally came
and appeared the persons whose names are
hereunto subscribed, who declared that
awaiting themselves OF the provisions of the
laws OF this State, in such cases provided
relating 10 the organization Of corporations
they have covenanted and agreed, and do
Dy these presents covenant and agree, bind
form and constitute themselves, as well as
such other persons as may hereafter Join or
become associated with them, into a cor
poration and body polite, in law, for the
objects and purposes, and under the agree
ment and stIpuiatlons following, To Wi:
ARTICLE /.
The name and style of this corporation
shall be the ST.. JAMES HOTEL COMPANY
and under that name il shall have and en-
JOY all the rights, advantages and priy-
IeSeS granted by law TO corporations; il
snail exist Tor the period OF ninety nine
years from this day; it shall have power to
contract, sue and be sued in its corporate
name; 10 make and to use a corporate seal
and the same 10 alter and break at pleas
ure; 10 hold, receive, purchase, convey
mortgage, hypothecate or pledge property
Doth rear and personal TO issue bonds
notes, or other obligations or negOtia bic
instruments; 10 have and employ such man
ayers, directors, officers, agents and other
employees as the interest and convenience
A mora ion
TO make and establish bylaws rules rem,
Iatlons, ETC., for the corporate management
and control OF the affairs of the corDora
ton as may be deemed necessary or expedi
ent-
ARTICLE III.
The domicile of said corporation shall
be IN the city OF New Orleans in this state
but ii may establish offices and agencies
throughout the United States or foreign
countries. All citations and oIner legal
process snail be served on the president
ana In his absence on the vice president
ARTICLE III.
The objects and purposes for which this
corporation Is organized and the nature of
the business To be carried ON by it, are
hereby declared 10 be: To own, lease pur-
chase and operate hotel or hotels in the
STATE OF Louisiana and elsewhere and par
ticuIarly TO own and operate the St james
Hotel at Hammond, Tangipahoa parish, of
this State of Louisiana 10 do and perform
any ana all things necessary appertaining
TO the hotel business.
ARTICLE ".
The capital stock of this corporation is
fixed at the sum of Five Thousand Dollars
lSO,OOO.OO), divided into Five Hundred
shares, at the par value of Ten Dollars
$4,000 per share, each of which shall be
paid for in cash, or its equivalent thereof.
ARTICLE v.
All shares of stock shall be full paid and
nonassessable. No transfer of stock shall
be binding upon the corporation unless
made upon Its books, and all certificates of
stock shall be signed by such officers as
tors.
ARTICLE VI
An the corporate powers of the company
shalI be vested in and the management and
control or its affairs shall be exercised by
a board or directors, composed of three
stockholders, which number may be increas-
ed or diminished at the discretion of the
board Of directors. majority of the di-
rectors shall constitute a quorum for the
transaction Of all business. The directors
snail be elected annually by ballot by the
gust, In each year. Each stockholder shall
De entitled In person or by proxy to a vote
Tor every share owned by him and stand
poration at the time of the election or |
meeting, and all elections shall be held un- |
der such rules and regulations as may be |
determined by the board of directors, but
after ten days notice of such election shall |
nave been sent to each stakeholder at his |
last known address. The directors thus |
elected shall continue in office for one year. |
No failure to elect shall be regarded as a |
forfeiture Of this charter. ANY vacanyc oc-
curing on said board shall be filed by the |
remaining directors for the unexpired term |
the said board shall be filled by the remain
ing directors for the unexpired term, the |
said board shall likewise elect the add |
tional members in case they should deter |
mine to increase the number of the board, |
as above provided. Said board of directors |
shall, at its first meeting, after the cleo |
tlon, elect out Of its number a president |
vice president, secretary and a treas |
urer IT may combine the two last named |
o1flces into one, or may even elect a secre-
tary who need be neither director nor stock |
holder. Said board shall have the right |
TO appoint and dismiss such clerks and man
ton, including the secretary, who is not |
stakeholder, or director, as conditions |
may justify or the business of the corpora
ton may require. The tenure Of office of
an the employees Of the corporation shall |
be during the pleasure Of the board of d. |
rectors. |
ARTICLE VII.
No stakeholder shall ever be held liable
or responsible for the contracts, faults. or |
debts of the said corporation, nor shall any |
mere lnformality in Its organization have
the effect of rendering this charter null |
or or exposing a stakeholder to any liability |
beyond the unpaid balance IL any, due on |
the shares owned by him.
ARTICLE VIII.
This act Of Incorporation may be modi-
ned, changed, or altered, or this cropora-
ton may be dissolved with the assent of |
the stockholders owning majority Of all
the stock Of the corporation at a general |
er at least ten days written notice of the |
meeting has been given, through mail, ad- |
dressed to each stakeholder at his last |
known place of residence.
In case of dissolution, by the expiration i
OF this eharter or otherwise, the stock
holders shall elect three liquidators from
their number to liquidate and settle the
business and affairs of the company. In
case Of disability Of any of said commits
sioners or liquidators, the surviving Of the
remaining iiquidators shall appoint a sue
ARTICLE TX.
Until the election to be held on the Sec
ond Monday In August, 1912, the follow
ing stockholders shall constitute the first
board of directors
l.. J. Bourgeois, Mrs. L. ]. Bourgeois and
Miss L. Pohlmann, with L. J. Bourgeois as
president, Mrs. L. J. Bourgeois as vice pres
ident, Miss T. Pohlmann, secretary and
treasurer.
The future boards shall, at the first meet
ing, organize by electing officers provided