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

Fand thirty-sixth, before me, Arthur b. Leo
/ pold a notary public in and for the parish
OF Orleans, state OF Louisiana, duly com
lmissiOned and qualified, and in the presence
| Of the witnesses hereinafter named and un
dersigned, personally came and appeared
the following persons, whose names are
hereunto subscribed, together with the
amounts OF their respective subscriptions to
the capital stock OF the corporation TO be
formed, who severally declared, that avail
ing themselves Of the provisions Of the gen
tral laws Of the state OF Louisiana relative
to the organization of corporations, they
have contracted and agreed and do by these
presents covenant and agree and bind and
obligate themselves, as well as such other
persons as may hereafter become associated
with them or their successors, 10 form and
constitute a corporation and body polite In
law for the objects and purposes and I'M
der agreements and stipulations following
tO-w!t:
The name Of this corporation shall be
WESTSIDE IMPROVEMENT COMPANY,
and under its corporate name IT shall exist
and have succession for period OF ninety
nine years from date hereof, and II snail
have and exercise for the purposes OF Its
business all the powers, rights ana prlvl-
leges conferred by law on similar corpora
tions and it shall be and is further author
lied and empowered to do and perform any
act or thing and conduct any and all bust
ness usually connected with and pertaining
TO the affairs and business set forth in
Article III Of this charter and which Is not
specially prohibited by law.
II shall have power and authority 10
hold. own, receive, purchase and lawfully
acquire by deeds OF conveyance. contract,
lease rental or in any other lawful manner
the title and ownership TO all property, real
personal and mixed. which 1t may deem use
ful and expedent TO hold, use and employ
for or in connection with the exercise and
use Of its corporate rights, powers and pur-
poses. and likewise with full power and au-
thority 10 ALLEVIATE, dispose OF, lease, rent,
hVnOfhpCafp DleQUe
or otherwise cucumber, its property, real,
PERSONAL or mixed or any part thereof.
1t shall have power to borrow money, and
to issue notes, bonds, and other evidences
of indebtedness from time to time and to
secure the payment OF the same or any part
thereof, by pledge or hypothecation OF pro-
perty, or by mortgage, or other evidences or
lien placed upon its property, franchise, real,
personal and mixed or any part thereof.
1t shall have power to elect officers and
directors, to name and appoint Its mana
gers, agents and other employees, ana 10 hx
their compensation, and to discharge the
same at will to establish and adopt such
bylaws, rules and regulations as may be
deemed expedient and proper for the con-
duct and management Of It's property and
business, and the same to alter, amend and
abolish at pleasure; to make and use
common or corporate seal, and the same
to break and alter at pleasure, and gener-
requisite and necessary to carry out the
objects and purposes OF this corporation.
ARTICLE H.
The domicile OF this corporation shall be
in the city OF New Orleans, state OF Louisi-
ana, and all citations and other legal pro-
cess shall be served on the president, and In
his absence on the vice-president, and in the
absence Of both of said officers on the Sec
rotary of this corporation:
ARTICLE I'LL.
The objects and purposes for which this
corporation Is formed and organized and the
nature of the business to be carried on by
hapl rod n no afOnirp 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-
sary or convenient to be so acquired and
used in order to more effectually carry out
the main design Of the organization Of the
company.
The capital stock OF this corporation Is
hereby hXed at the sum of one hundred
thousand dollars (S100 000.00), divided into
and represented by ten thousand u0,00c)
shares of the par value Of ten $4,000 dol
lars each, to be paid for in money, or for
labor done or services rendered, or such
stock as may be issued or delivered for
cepted and received by the corporation for
its 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 to be expedient. The capital
stock of the corporation may be increased
or reduced by proceedings taken In the
manner prescribed by law.
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 to 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
cluded thereby, and any and all persons,
partnerships, associations, crporations or
creditors dealing with this corporation here
by waive any right or cause Of action
against the original or subsequent owner
or owners of such stock and shares issued to
1t, him, her or them In payment or ex-
change for labor done or services rendered,
or for such lands, rights, credits, contracts
and property valued by the board of direc-
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
charter.
All Of said stock shall be full-paid and
and transfers thereof shall not be binding on
the company unless recorded in its books,
and shall be further subject to such rules,
regulations and conditions as the board of
directors may prescribe.
This corporation shall begin fits business
as soon as three thousand dollars (s3,-
OO0OOl of Its stock shall have been sub
scribed.
ARTICLE v.
The corporate powers of this corporation,
Including the power to make and amend its
bylaws and the management and control of
It's anairs shall be vested In and exercised
by board OF directors, composed of not
less than three or not 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
Any director in his absence from env
meeting OF the board Of directors shall have
the power tG appoint in writing any other
director o. stakeholder as his proxy, with
full power to act in his stead at such meet
The directors shall be elected Annually
by ballot by the holders of the stock on the
nrst Tuesday In April of each year Each
nolder or stock shall be allowed to vote
IN IN person or by written proxy, one vote for
each share of stock owned by him. and Ali
elections shall be held under such rules and
regulations as may be adopted by the hoard
OF directors. The directors thus elected
snail sil continue In office for one year and I'M
e ot tnelr successors shall have been duly
omcers or directors shall not be regarded as
forfeiture of the charter Any yacancy
occurring on said board of directors shall be
niied oy the remaining directors for the
unexpired term. AVA INC
The following persons shall be and cons,,-
,gte the frst board of directors: Otto II
Maler, {. 4. "A. Carr and f. Howard NcCa.
leo, majority or whom shall constitute a
quorum, with Otto T. Maier as president. C,
=, A Carr, vice+president and r. Howe ~
SpCFpfQrv WI hall