The herald., 1912-01-04

are hereuntO subscribed, together with the
amounts of their separate subscriptions 10
the capital stock who severally declare
that, availing themselves OF the provisions
OF the general laws of the state or Loulsl-
ana relative to the organization OF corpora,
lions. they have cOvenanted 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 asso-
ciated with them, TO form and constitute
corporation and body polite in law, for the
purposes and objects and under the stipula-
lions, articles and conditions following, to-
wit:
The name and title of this corporation
shall he the CENTRAL INVESTMENT COM
PANI. and by this name ii shall exist and
have succession for ninety-nine years. 1t
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-
uuire to make and establish such bylaws,
rules and regulations for the management
and control Of the affairs of said corporation
as may he necessary, and 10 have ana pos
SeSs all the powers granted by the laws OF
said state Ia do all things necessary and
proper to carry out the objects and pur-
poses for which this corporation Is formed
ARTICLE H.
The domicilc of said corporation shall he
the city of New Orleans, state of Louisiana.
The president. or in his absence, the vice
president. or in the absence of 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
corporation is formed and the business TO
be carried on by it are hereby declared to he
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: 10 develop,
improve. as well as to sell. transfer. convey.
hypOtheCate. mortgage and pledge the same,
either in bulk or in plot, or other Subdlvl-
sion, to plot out in subdivision any and 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 and
all structures of any building material. and
10 operate. lease. or mortgage the same and
generally tn do a real estate business In All
its branches for itself. and as agents for
others.
The capital stock of this corporation shall
be twelve thousand dollars divided into
twenty-four hundred shares of the par value
of five dollars each. This corporation shall
be going concern and shall begin business
q
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
outiOn of said council.
No transfer of stock shall be binding on
this corporation unless the same appear upon
the books. The shareholders of this corpo-
ration. both those subscribing the charter
and their successors and assigns. mutually
agree and stipulate that no shareholder shall
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 first
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 a stock
holder to any liability beyond the unpaid
balance, II any, OF his stock.