The herald., 1912-02-01

OcrDOra lion UOUy
purposes and objects and under the stlpula-
lions, articles and conditions folloWins' To-
wit:
The name and title of this corporation
shall be the CENTRAL INVESTMENT COM,
PANY. and by this name IL shall exist ana
have succession for ninety-nine years IL
shall have power and authority to contract,
sue and be sued to make and use corpo,
rate seal: TO issue bonds; TO borrow ana
loan money secured by mortgage ana other-
wise: TO have and employ such managers
directors. officers, agents and other employees
as the interests OF said company may re-
ouire TO make and establish such bylaws,
and control OF the affairs OF said corporation
as may be necessary, and to have ana pos.
sess all the powers granted by the Jaws oi
said state to do all things necessary ana
proDer to carry out the objects ana pur-
poses for which this corporation is formed.
ARTICLE II.
The domicile of said corporation shall be
the city OF New Orleans, state OF Louisiana
The president, or in his absence, the vice
president, or in the absence or both, the
secretary shall he the proper person upon
whom citation or other legal process shall
be served.
ARTICLE III.
The objects and purposes for which this
be carried on by It are hereby declared 10 be
TO deal in acquire purchase, hold, lease, sell
and mortgage real estate, improved or I'M
improved and all manner OF lands IN the
state of Louisiana or elsewhere; TO develop,
improve as well as to sell. transfer, convey,
hvpothecate. mortgage and pledge the same
either in bulk or in plot, or other SuOdlVi-
sion TO plot out In subdivision any and all
lands acquired by said company; 10 erect,
build. repair. remodel, construct, and 10 con.
tract for the building, constructing ana
erecting OF dwellings, houses and buildings,
roads streets, sidewalks and pavementS ana
ali structures Of any building material, ana
TO operate, lease. or mortgage the same ana
generally TO do real estate business in all
its branches for itself, and as agents for
others.
The capitaI stock OF this corporation shall
he twelve thousand dollars DIVIDED INTO
twenty-four hundred shares OF the par value
Of five dollars each. This corporation shall
I've a going concern and shall begin business
as soon as three thousand dollars shall nave
been subscribed to the capital stock,
No stock OF this corporation shall be Is
sued except upon the approval and sanction
OF the Central Labor Union or the city OF
New Orleans. to be indicated by proper res
No transfer OF stock shall be binding on
this corpora tiOn unless the same appear upon
the books The shareholders Of this corpo-
ration. both those subscribing the charter
agree and stipulate that no shareholder shall
at any time sell his shares OF stock in this
corpora ton without first Offering the same
TO the members Of the Central Trades and
labor Council OF New Orleans through the
president and secretary thereof, and the
right to decline or purchase snail remain IN
such members for thirty days from the nrst
regular meeting OF said council held after
said offer to sell is submitted through the
said officers. -
No stakeholder OF this corporation shall
ever be held responsible or liable Tor the
contracts or faults thereof In any further
sum than the unpaid balance due the com
pany on the shares OF stock subscribed for
or owned by him: nor shall any informality
in organization have the effect OF rendering
this charter null, or Of exposing a stock,
holder TO any liability beyond the unpaid
balance, IL any, of his stock.
ARTICLE V.
The corporate powers and control OF this
corporation shall be vested In and exercised
by board OF directors composed OF hfteen
members, a majority Of whom shall constl-
tute a quorum TO transact all business.
They shall elect from their number pres
ident, a vice-president, secretary ana
treasurer; provided the offices of secretary
and treasurer may be held by the same per-
The board of directors shall be elected
annually by ballot by the stockholders at
the office Of the company on the third Fiji
after Each stockholder shall be entitled,
either in person or by proxy TO one vote Tor
every share Of stock held by him, and such
election shall be held under such rules as
may be prescribed by the board Of directors,
and a majority of votes shall elect.
David d. Wethers, Leon J. Obert, Alex
ander Paul, Sylvester Peete, Ernest T: Da-
mon. Frank B. johnson, Isam G.. Wynn,
Murray McRobinson, James E.. Porter
George f. Barnes, Octave j. Rock, Albert
Workman, Thomas Scott, Louis Bridges and
Benjamin Alexander are declared to be the
third Friday of February, 1912, or until
their successors shall have been elected and
qualified, with Isam G. Wynn as president,
E. Porter as secretary, and George F.
Barnes as treasurer. Any vacancies occur
ring on said board shall be filed by the re-
maining board of directors for the unex-
pired term from the stockholders.
The board of directors shall make and es-
tablish as we'll as alter and amend any and
all bylaws, rules and regulations for the
government Of said corporation, and author
| ity Is given said board to do and perform,
and to embody In such bylaws, rules and
regulation, all the rights and powers grant
ed to such corporations by the laws Of this
state and not repugnant to these articles of
| Incorporation.
| ARTICLE vi.
This charter may be changed, modified OF
amended, the capital stock increased or de
creased, or this corporation may be dis
solved at a general meeting of the stock
holders convened for the purpose, with the
assent Of three-fourths Of the entire capital
stock, whether present or represented al
such meeting. Ten days prior notice OF
such meeting shall be given In any daily
English newspaper published in New Or
leans
In case Of dissolution or termination Of
this corporation, either by Limitation Of 1T
charter or from any cause, the liquidation
of Its affairs shall be conducted by three
commissioners selected from the stockhold
ers, with like assent and at q meeting call
ed for that purpose, as above set forth In
this article. Said commissioners shall re
main in Office until the affairs Of said corpo
Iration shall have been fully terminated ant
lliquidated. In case of the death Of one OF
more of said commissioners, or Of a vacancy
otherwise occurring In their numbers, they
shall have authority to I'LL such vacancy.
j Thus done and passed In my ONCE, In tn,
city of New Orleans, on the day and month
and year herein first above written, in tn,
lpresence of Frank J. Keller and Martin II
Manion, competent witnesses, who have here
unto signed these presents, together with tn,
said appearers and me, notary, after reading
Of the whole.
Original signed) Names and number Q
Keller, Martin II. Manion.
| EDWARD B. ELLIS. Notary Public.
| i, the undersigned, recorder of mortgages
in and for the parish Of Orleans, state o
Louisiana, do hereby certify that the abov
and foregoing act Of Incorporation Of tn
Central Investment Company was this da.
duly recorded IN my office in book 1851
New Orleans, December 22nd, 1911
: EMILE LEONARD, d. r.
| A true CODY: