The herald. [volume] (New Orleans, La.) 1905-1953, 1912-12-12

| OF LOUISIANA. therein residing. and in the
presence or the witnesses hereinafter named
| and undersigned, personally came and an
| peared: the several persons whose names
| are hereunto subscribed, who declared that
awaiting themselves Of the privileges Of the
| laws or this state relative TO the formation
| or 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 NAV here
after become associated with them, to form
and constitute body corporate and polite
| In law, for the purposes and objects and
under the stipulations and provisions fol-
ARTICLE l.
This corporation shall be known as the
Lacombe Park Forest Glen Building Com
pany, and under such name ii shall have all
me 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
poratlon 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.
sonai property to make and use a corpor
ate seal and the same to break alter or
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
and other legal process shall be served upon
the president, and in his absence, upon the
Vlce-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
10 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 liked at the sum OF ten thousand
tSlO,OOOOO) dollars, divided into and rep
resented by, one hundred (1OO) shares Of
the par value of one hundred $500 OO) dol.
lars each; said shares OF stock shall be is
sued only at par. and when issued shall ba
lent thereof. All shares Of stock shall be
issued as full paid and worcestershire. and
no transfer OF stock shall be binding on said
corporation, unless duly recorded on lis
books. No holder of stock in this corp6r
alton shall sell his stock to any person I'M
III he has first offered it to the board OF
directors OF said corporation at its then
book value, and 1t shall be optional for this
corporation to refuse to recognize any trans.
vision
iHio COEpOrdliOn SNAIL De q gong concern
as soon as three thousand ($3. OOOOO) dol
lars of Its capital stock shall have been
subscribed and paid for as hereinbefore pro
yided.
ARTICLE "
All the powers of this corpora ton shall
be vested In, and the management and con
troll OF 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 H. Davis /
charles II. Willard and Meyer Eiseman with
lharles Ill. Willard acting as president John
Fl. Davis as vice-president, and Meyer Else
man as secretary-treasurer The said board
or 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
be elected by the stockholders at a meeting
called for that purpose. All directors and
omcers shall hold Office until their success
sors shall have been elected and qualified |
and any failure TO elect directors or officers
shall not be regarded as a forfeiture of this
charter.
In the election Of directors, each stock
holder shall be entitled to one vote for each |
share Of stock held by him, which must be |
cast either In person or by duly authorized
proxy, and the majority OF votes cast shall |
elect ANY vacancy occurring In the board 1
OF directors may be filed by the remaining
directors for the unexpired term At the |
drst meeting Of the board Of directors after |