The herald. [volume] (New Orleans, La.) 1905-1953, 1912-06-06
CHART Err
OF THE wESTsIDE IMPROVEMENT
COMPANY.

and rh!rLV-siXrh. before me, Arthur B. Leo
2o-t. notary PUBLIC IN and for me parish
mlssi1lst and qualified, and IN the presence
" the witnesses hereinafter named and IN.
iers. -usd. personally came and appeared
The blowing persons. whose names are
1e-auu-O subscribed. together with the
amounts OF their respective subscriptions 20
the capital sock q the corporation 20 %
formed. who severaIly declared that a7aL.-
inZ themselves Of the provisions or the gen
sral Avs OF the state OF LOUISIANA relative
20 the organization OF corporations, they
have contracted and agreed and DO By these
presents covenant and agree and nlad anu
pbIi-a-s themselves, as well as sucn oLler
persons as may hereafter become associated
with them or their successors, 70 FORM ana
constitute 1 corporation and body polite IN
law ,0r the objects aud purposes and IN
der agreements and SEPARATIONS following,
ARTICLE :.
The name OF this corporat-on saa- 9e
WESTSIuE IMPROVEMENT COMPANY.
ami under irs corporate name IL shan exist
and have succession for period Of ninety
nine years from date hereof. and Il sh1Il
have and exercise for the purposes OF u
business al the powers. rights and prlVL-
Is.es conferred BY law on similar corpora
lions and il shall be and Is further author
tzlf and an powered % do and perform any
act or thing and conduct any and all olsl-
ness usually connected with and pertaining
70 The Affairs and business set forth n
Article III Of this charter and w1Ica Is not
specially prohibited By law.
r shall have power and authority 20
hold own receive, purchase and lawfully
acquire bv deeds Of conveyance. contract
lease. -enCa, or II any other law1ul manner
the title and ownership 70 al properly, reaL
oa-So1lI and mixed which K may deem use
I'll and exp.dienr 10 hold. use and employ
for or il connection with the exercise ana
use OF is corporate rights. covers and pur-
poses. and likewise with full power and a1-
th0r.cv 70 ALLEVIATE. dispose OF. lease. rent.
sell convey. mortgage, hypOchecare. pledge
Or otherwise cucumber, It's property real,
PERSONAL or mixed or any part thereof
L shall have power 20 borrow money, ana
70 issue notes. bonds. and other evidences
OF Indebtedness from time % time. and 20
secure the payment Of the same or any part
thereof BY pledge or hypOthecartOn OF pro-
De-tv. or 5v mortgage. or other evidences Of
lien placed upon i-s property, franchise. real
personal and mixed Or any part thereof
L shall have power 70 elect officers and
directors. 70 name and appoint It's mana
gers. agents and other employees, and 10 *
-haf- coupsu ton. and TO discharge the
same AZ will 70 establish and adopt such
bylaws rules and regulations as may be
deemed expedierC and proper FOR the CON
duct and management Of It's property and
business. and the same 20 alter, amend and
abolish at pleasure: % make and use
common or corporate sea-. and me same
20 break and alter at pleasure and gener-
ally 70 DO and perform all acts and things
requisite and necessary 70 carry out the
objects and purposes Of this corporation
l.
The domIcfIe OF this corporation shall be
In the citv OF New Orleans. state OF JCuist-
ana and all citations and other legal pro-
cess shall be served on the president. and IN
absence OF both OF said officers on the sec
rotary OF this corporation
ARTICLE III.
The objects and purposes FOR which this
corpora ton Is formed and organized and the
nature Of the business TO be carried on By
Il are declared 10 be To acquire. reclaim.
improve and cultivate landed property; also
TO acquire by purchase or lease, operate.
sell and otherwise dispose OF any and every
species OF property. real and personal. neces-
sarv or convenient 20 be 80 acquired aud
used in order 70 more efectually carry out
the main design Of the organization Of the
ARTICLE ".
The capital stock OF this corporation IS
hereby fIed az the sum OF one hundred
thousand dollars $500. 600 .OO), divided into
and represented BY ten thousand 100000
shares Of the par value Of ten $1,000 dol
lars each. to be paid for IN money, or for
labor done or services rendered: or sucn
stock as may be issued or delivered for
lands and other property 70 be taken. ac-
cepted and received by the corporation for
It's corporate purpose sat such valuation and
upon such terms for said stock as the board
OF directors may determine and direct from
time TO time 70 be expedient. The capital
stock OF the corporation may be increased
or reduced by. proceedings taken in the
The stock OF this corporation may be Is
sued for money, for labor done, or services
rendered. or for lands or other property.
which may be thus paid for or exchanged
and made over 10 the company. The valu-
alton OF any and all lands. rights, contracts,
labor or services or property, movable, i'm
movable and mixed. corporal or incorpo-
real. accepted and received by the corpora
ton for its corporate purposes in payment,
exchange or otherwise, for any OF the stock
and shares Of this corporation and fixed by
the board OF directors upon such terms and
conditions for the Issuance OF such stock
shall be conclusive evidence OF such valua-
ton and any and all persons, partner
ships, associations, corporations or credit
Ors dealing with this corporation are con
Guided thereby, and any and all persons,
associations, operations or
creditors dealing with this corporation here
by waive any right or cause OF action
or owners Of such stock and shares issued 70
IL. him, her or them in payment or ex-
change for labor done or services rendered,
or for such lands, rights, credits. contracts
tors as aforesaid; and each, every. any and
all contracts, contract or undertaking made
by or entered into with this corporation
shall be subject TO this provision Of this
All OF said stock shall be fulI-paid and
worcestershire when issued and delivered
and transfers thereof shall not be binding on
the company unless recorded In its books
regulations and conditions as the board Of
directors may prescribe.
This corporation shall begin its business
as soon as three thousand dollars 49,
O000Ol Of It's stock shall have been sub
scribed
ARTICLE V.
Inc corporate powers Of this corporation
including the power TO make and amend its
bylaws and the management and control OF
its Affairs shall be vested In and exercised
By board OF directors, composed Of not
less than three or noe more than seven
persons, who shall be the holder Of at least
one share OF the capital stock Of this com
pany, majority Of whom, represented eth
er In person or BY proxy. shall CONSTITUTE a
quorum for the transaction OF all business
Any director In his absence from any
meeting OF the board Of directors shall have
the power &c appoint in writing any other
ing. '''ee
The directors shall be elected Annually
oy ballot BY the holders OF the stock on tha
nrsI tuesday IN April OF each year. Each
nOlder or stock shall be allowed to vote
n person or by written proxy, one vote FOR
each snare OF stock owned by him. ana an
elections shall be held under such rules and
regulations as may be adopted bv the board
y y ~ Hrectors. The directors thus elected
snall continue In Office for one year ana m
III their suce sSsors shall have bean ,3rITv
-i.cted and qualified. Any failure TO elect
1Wcers or directors shall not be rega rte,i "a
I LorIeIture OF the charter. Any vacancy
49, LIihS on said Board OF directors shall be
l!ied oy the remaining directors for the
The following persons shall be and cons+t-
,ate the first board Of directors: Otto r |
d VI .. e A Carr and E. Howard Nc,-a-
go, a majority OF whom shall constIt1ts
iuorum, with Otto T. NaIer a. nrasjdsrt r. /
y A. tarr. vfee-president and z Howard
- leo, secretary, who shall be the officers /