The herald. [volume] (New Orleans, La.) 1905-1953, 1911-09-07

VVsTo
corporation is organized and the nature OF
the business 10 De carried on by ii, are
hereby declared 10 be: To own, lease, pur-
chase and operate hotel or hotels in the
State OF Louisiana and elsewhere, and par
ticularly 10 own and operate the ST. James
Hotel at Hammond, Iangipahoa parish, of
this State of Louisiana; 10 do and perform
any and all things necessary appertaining
~ the hotel business.
ARTICLE ".
The capital stock of this corporation is
fixed at the sum of Five Thousand Dollars
t$J,OOO.OOl, 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 cOrporatiQn unless
made upon its books, and all certificates of
stock shall be signed by such officers as
may be designated by the board of direc-
tors.
All the corporate powers of the company
shall be vested in and the management and
control of its affairs shall be exercised by
a board of directors, composed Of three
stockholders, which number may be increas-
ed or diminished at the discretion of the
board of directors. majority of the d-
rectors shall constitute a quorum for the
transaction of all business. The directors
shall be elected annually by ballot by the
stockholders on the second Monday in Au-
gust, in each year. Each stakeholder shall
be entitled in person or by proxy TO vote
for every share owned by him and stand
ing in his name on the books of the cor
poratiOn at the time of the election or
meeting, and all elections shall be held I'M
der such rules and regulations as may be
determined by the board of directors, but
after ten days notice OF such election shall
have 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
forfeiture of this charter. Any yacanyc oc-
curing on said board shall be filled 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 addi-
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
tiOn, elect out of its number a president,
vice president, secretary and a treas
urer. 1t may combine the two last named
offices 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
ayers, and other employees, of the corpora
tion, including the secretary, who Is not
a stakeholder, or director, as conditions
may justify or the business of the corpora
ton may require. The tenure OF office of
all the employees Of the corporation shall
be during the pleasure Of the board of di-
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 informallty in it's organization have
the effect of rendering this charter null
pXnOSinO q 70 liah
beyond the unpaid balance, il any, due on
the shares owned by him.
ARTICLE VIII.
This act of Incorporation may be modi-
fed, changed. or altered, or this cropora-
ton may be dissolved with the assent of
the stockholders owning a majority of all
the stock of the corporation at a general
meeting convened for that purpose, and aft
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
or this charter or otherwise. the stock
holders shall elect three Hauidators 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 iiguidators shall appoint sue
AIlCLE IN.
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. ]. Bourgeois, Mrs. L. J. Bourgeois and
MISS T. Pohlmann, with L. J. Bourgeois as
president, Mrs. L. ]. Bourgeois as vice pres
ident, Miss I. Pohlmann, secretary and
treasurer
The future boards shall, at the first meet.
ing, organize by electing officers provided |
for in Article VI.
as soon as one hundred and fifty shares
snaii be subscribed to its capital stock
. THUS DONE AND PASSED in my notarial Of |
nee on this day. month and year first above
written; In he presence of Messrs Leonard |
Z; Naeher, Jr: and Henry W. Robinson,
their names, together with the said appear |
whole VI '"e
!SigneD L. J. Bourgeois, 1 share: T.
Pohlmann, $50 shares: Mrs. Elizabeth Bour- |
Yeois' 2is shares; to authorize my wife, |
HENRY ". ROBINSON.
l.. G. VACHER.
daodAvLs N daaI2HL9
Notary Public
!. the undersigned Recorder Of MORTGAGES |
10 ana Tor the Parish of Orleans, State of |
and foregoing act Of incorporation of fhe |
81. James Hotel Company was this day duly |
recorded In my office, In Book 1051 folio
New Orleans, La. Aug IL. 191i.
tSlghedB EMILE LEONARD,
Deputy Recorder.
ETHELRED NJ. STAFFORD.
.oeall Notary Public
Aug. IL. "a, 81, Sept. Z. IA, 81, 1911