The herald., 1912-01-11

purposes and objects and under the stipula-
| lions, articles and conditions following, to-
wit:
The name and title OF this corporation
shall be the CENTRAL INVESTMENT Com:
PANY, and by this name II 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 and
loan money secured by mortgage and other
wise; 10 have and employ such managers,
directors, officers, agents and other employees
as the interests of said company may re-
quire; 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 and pos.
sess all the powers granted by the laws OF
said state to 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
secretary shall be the proper person upon
whom citation or other legal process shall
be served
ARTICLE III.
The objects and purposes for which this
be carried on by 1t 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 10 develop,
improve. as well as TO sell. transfer, convey,
hypothecate, mortgage and pledge the same,
either in bulk or in plot, or other suOdlVl-
sion. to plot out In subdivision any and all
lands acquired by said company to 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, ana
to operate. lease or mortgage the same: and
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
be 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 as three thousand dollars shall have
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 or
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-
ration, both those subscribing the charter
and their successors and assigns, mutually
agree and stipulate that no shareholder snail
at any time sell his shares of stock in this
corporal ton 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 shall 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 tnformality
in organization have the effect OF rendering
this charter null, or of exposing stock.
holder to any liability beyond the unpaid
IL 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 a quorum to transact all business.
They shall elect from their number pres
ident, a vice-president, secretary and
treasurer: provided the Offices OF secretary
and treasurer may be held by the same per-
son.
annually by ballot by the stockholders at
the Office OF the company on the third FRI
day of February, 1912, and annually there
after. Each stakeholder shall be entitled,
every share Of stock held by him, and such
election shall be held under such rules as
may be prescribed by the board of directors,
and a majority of votes shall elect.
ander Paul. Sylvester Peete. Ernest p. Da-
mon, Frank B. johnson, Isam G.. Wynn,
Murray McRobinson, James f. Porter,
George F. Barnes, Octave ]. Rock, Albert
Benjamin Alexander are declared to be the
first board OF directors to serve until the
third Friday of February, 1912, or until
their successors shall have been elected and
Murray McRobinson as vice-president, James
f. Porter as secretary, and George +.
Barnes as treasurer. Any vacancies occur
ring on said board shall be filed by the re-
naming 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 and
all bylaws, rules and regulations for the
ity is given said board to do and perform.
and to embody in such bylaws, rules and
all the rights and powers grant
ed to such corporations by the laws Of this
state and not repugnant to these articles Of
ARTICLE vi.
amended, the capital stock increased or de-
creased, or this corporation may be dis
solved at a general meeting of the stock
holders convened for the purpose. with the
assent Of three-fourths of the entire capital
stock, whether present or represented at
such meeting Ten days prior notice of
such meeting shall be given in any daily
English newspaper published in New Or
leans
In case of dissolution or termination of
this corporation, either by Limitation Of its
Of its affairs shall be conducted by three
selected from the stockhold-
ers, with like assent and at a meeting call
ed for that purpose, as above set forth in
this article. Said commissioners shall re-
main In Office until the affairs Of said corpo-
ration shall have been fully terminated and
liquida ted. In case Of the death of one or
more of said commissioners, or of a vacancy
otherwise occurring In their numbers, they
shall have authority to fill such vacancy
Thus done and passed in my ONCE, In the
city of New Orleans, on the day and month
and year herein first above written, in the
presence Of Frank J. Keller and Martin H.
Manion, competent witnesses, who have here
unto signed these presents, together with the
said appearers and me, notary, after reading
Of the whole.
Original signed) Names and number Of
shares omitted. Witnesses Frank j.
Keller, Martin II. Manion.
EDWARD B. ELLIS. Notary Public.
/, the undersigned, recorder Of mortgages,
in and for the parish of Orleans, state of
Louisiana, do hereby certify that the above
and foregoing act Of Incorporation Of the
Central Investment Company was this day
duly recorded IN my Office In book 1851,