The herald., 1912-02-08

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 be the CENTRAL INVESTMENT COM:
PANY, and by this name 1t shall exist and
have succession for ninety-nine years. IL
shall have power and authority to contract,
sue and he sued; to make and use cOrpo-
rate seal to issue bonds; to borrow and
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-
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
president or in the absence OF both, the
secretary shall be the proper person upon
whom citation or other legal process shall
be served.
ARTICLE Ill
The objects and purposes for which this
corporation is formed and the business 10
be carried on by IL are hereby declared TO be
10 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,
IhypOthecate. mortgage and pledge the same
either in bulk or in plot. or other Subdlvi-
sion, to plot out in subdivision any and all
lands acquired by said company; to erect,
build repair. remodel. construct. and 10 con.
tract for the building. constructing and
erecting OF dwellings. houses and buildings,
roads streets. sidewalks and pavcments 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
lie going concern and shall begin business
as soon as three thousand dollars shall have
been subscribed to the capital stock.
No stock OF thi. 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.
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 he 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
IL any, OF his stock.