The herald., 1912-11-28
CHARTER.
OF LACOMBE PARK AND FOREST GLEN
BUILDING COMPANY.

OF I.ACOMBE PARk AND FOREST GLEN
BUILDING COMPANY.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF ORLEANS
CITY OF NEW ORLEANS.
Be it known, that on this Goth day of No
yember, in the year one thousand nine hun
dred and twelve, before me, Herman Michel
notary public, duly commissioned and quail
flied, in and for the parish of Orleans. state
of Louisiana, therein residing, and in the
presence of the witnesses hereinafter named
and undersigned, personally came and ap-
peared: the several persons whose names
are hereunto subscribed who declared. that
availing themselves of the privileges of the
laws of this state relative to the formation
Of corporations, they have cOvenanted and
agreed. and do by these presents covenant
and agree, and bind and Obligate themselves
as well as all such persons who may here
after become associated with them, to form
and constitute a body corporate and polite
in law, for the purposes and objects and
under the stipulations and provisions fol
lowing, tO-wit:
ARTICLE 1.
This corporation shall be known as the
Lacombe Park K Forest Glen Building Com
pany. and under such name 1t shall have all
the rights, privileges and advantages grant
ed by law to corporations, including the
right, power and authority to enjoy success
sion and corporate existence for ninety nine
years, unless sooner dissolved. Said cor
poration shall have power and authority TO
contract; to sue and be sued; and to hold
receive, purchase, convey, deliver, mortgage
hypothecate and pledge any real or per
sOnal property to make and use a corpor
ate seal and the same to break, alter OF
amend at pleasure, and to issue notes and
other obligations or other evidences of debt
and to do all other things necessary for the
proper transaction of its business.
ARTICLE ii.
The domicile of this corporation shall be
In the city of New Orleans, parish of Or
leans, state of Louisiana, and all citations
Ghal ha
the president, and in his absence, upon the
vice-president, and in the absence Of both
upon the secretary-treasurer.
ARTICLE III.
The objects and purposes for which this
corporation is created, are hereby declared
to be: to buy, sell, improve and generally
TO deal in all kinds OF property. both real
personal and mixed; to build houses, stores
and other buildings, and the same to rent
or sell. or otherwise dispose OF or use : and
generally TO do every and anything not
herein specially enumerated, and not in
consistent with the other objects and pur-
poses herein set forth.
ARTICLE ".
The capital stock of this corporation Is
hereby fixed at the sum Of ten thousand
lSlO,OoO.0O) dollars, divided into, and rep
resented by, one hundred (100) shares Of
the par value Of one hundred (S1OO.OO) dol
lars each; said shares of stock shall be is
sued only at par, and when issued shall be
paid Tor In cash or property, or the equiva-
issued as full paid and worcestershire. and
no transfer Of stock shall be binding on said
corporation, unless duly recorded on its
books. No holder Of stock in this corpor
ation shall sell his stock to any person I'M
I'll he has first offered It to the board of
directors of said corporation at its then
DOCK value, and 1t shall be optional for this
corporation TO refuse to recognize any trans
Ter OF stock made in violation of this pro
vision P''
This corporation shall be a going concern
as soon as three thousand (S3, 900. OO) dol
lars OF It's capital stock shall have been
yided. p
ARTICLE V.
All the powers of this corporation shall
be vested In, and the management and con
trol or Its affairs shall be exercised by. a
board OF directors, to be composed of three
stockholders, and the first board of direc
tors shall be composed Of John II. Davis
Charles i. Willard and Meyer Eiseman, with
lharles Ill. Willard acting as president John
II. Davis as vice-president, and Meyer Else
man as secretary treasurer. The said board
OF directors and said officers shall serve and
remain In office until the first Monday in
November, 1913, on which day and annually
thereafter the said board Of directors shall
De elected by the stockholders at a meeting
called Tor that purpose. All directors and
omcers shall hold office until their success
sors snail have been elected and qualified
and any failure to elect directors or officers
charter VI '
In the election Of directors, each stock
holder shall he entitled to one vote for each
snare OF stock held by him, which must be
cast either In person or by duly authorized
proxy, and the majority of votes cast shall
eiect; Any vacancy occurring in the board
OF directors may be filed by the remaining
directors for the unexpired term. At the
nrst meeting Of the board of directors after
their election and qualification, they shall
vice-president and a secreta nv frea snrer