The herald. [volume] (New Orleans, La.) 1905-1953, 1912-01-25

bind and oblIgate themselves, as well as such
other persons as may hereafter become asso-
ciated with them. to form and constitute a
purposes and objects and under the stlpuia-
lions, articles and conditions following, To-
wit:
The name and title of this corporation
shall be the CENTRAL INVESTMENT CON.
PANY and by this name IL shall exist and
have succession for ninety nine years. II
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 and other-
wise to have and employ such managers,
directors officers, agents and other employees
as the interests of said company may re-
qulre; to make and establish such bylaws,
rules and regulations for the management
and control of the affairs OF said corporation
as may be necessary, and to have ana pos.
sess all the powers granted by the laws OF
said state 10 do all things necessary and
proper to carry out the objects and 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 bOtn, the
whom citation or other legal process shall
be served.
ARTICLE III.
The objects and purposes for which this
cOrnOration Is formed and the business 10
be carried on by it are hereby declared to 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 subdlvl,
sion. TO plot out In subdivision any ana all
lands acquired by said company; 10 erect,
build repair. remodel. construct, and TO con-
tract for the building. constructing and
erecting OF dwellings, houses and buildings,
roads. streets, sidewalks and paVements ana
all structures Of any building material, ana
TO operate. lease, or mortgage the same ana
generally to do a real estate business in all
its branches for itself and as agents for
others.
The capital stock OF this corporation shall
no twelve thousand dollars divided into
twenty-four hundred shares OF the par value
of five dollars each. This corporation shall
be a going concern and shall begin business
as soon al three thousand dollars snail 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 OF the city OF
New Orleans. TO be Indicated by proper res
OlutiOn Of said council.
this corporation unless the same appear upon
the books The shareholders Of this corpo-
alton. both those subscribing the cnarter
and their successors and assigns, mutually
agree and stipulate that no shareholder snail
at any time sell his shares OF stock in this
corporation 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 hrst
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 for 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 stock,
holder to any liability beyond the unpaid
balance, II any, Of his stock.
ARTICLE v.
The corporate powers and control OF this
corporation shall be vested In and exercised
by a board OF directors composed OF fifteen
members a majority of whom shall consti-
tute quorum to transact all business.
They shall elect from their number pres
| ident a vlce-president, secretary and a
treasurer; provided the Offices Of secretary
and treasurer may be held by the same per
son.
The board Of directors shall be elected
annually by ballot by the stockholders al
| the Office of the company on the third Fri
| day Of February, 1912, and annually there
after. Each stakeholder shall be entitled
either in person or by proxy to one vote f 81
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
vIv
mon, Frank B. johnson, Isam G. Wynn
Murray McRobinson, James E.. Porter
George +. Barnes, Octave j. Rock, Albert
Workman, Thomas Scott, Louis Bridges and
benjamin Alexander are declared to be the
| firsI board OF directors to serve until the
| third Friday of February, 1912, or until
| their successors shall have been elected and
qualified with Isam G. Wynn as president
Murray McRobinson as vice-president James
| II. Porter as secretary, and George +,
| 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 well as alter and amend any ant
all bylaws, rules and regulations for the
government of said corporation, and author
| fly Is given said board to do and perform
and to embody in such bylaws rules anC
| regulation, all the rights and powers grant
ed to such corporations by the laws Of thi;
state and not repugnant to these articles o.
| Incorporation.
| ARTICLE vi.
| This charter may be changed modified o.
amended, the capital stock increased or de
creased, or this corporation may be dis
solved at general meeting of the stock
holders convened for the purpose, with tn,
assent Of three-fourths of the entire capita
| stock, whether present or represented a
such meeting. Ten days prior notice o
such meeting shall be given in any dali.
English newspaper published in New Or
leans.
In case of dissolution or termination o
this corporation, either by Limitation Of 1t
charter or from any cause the liquidation
of its affairs shall be conducted BY tire
commissioners selected from the stockhold
ers with like assent and at a meeting call
ed for that purpose, as above set forth Il
this article. Said commissioners shall re
ration shall have been fully terminated an,
liquidated. In case of the death Of one o
more of said commissioners, or of a vacanc,
otherwise occurring in their numbers, the,
shall have authority to fill such vacancy.
| Thus done and passed In my ONCE, In tn
city of New Orleans, on the day and mont
and year herein first above written, In tn
presence Of Frank ]. 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 o
shares omitted. Witnesses Frank j
Keller, Martin Fl. Manion.
| EDWARD p. ELLIS, Notary Public
| /, the undersigned, recorder of mortgages
in and for the parish Of Orleans, state o
Louisiana, do hereby certify that the aboy
and foregoing act OF Incorporation of tn