The herald., 1912-05-02
CHARTER
OF THE WESTSIDE IMPROVEMENT
COMPANY.
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, PARISH OF OR
LEANS, CITY OF NEW ORLEANS.

UNITED STATES OF AMERICA. STATE
OF LOUISIANA. PARISH OF OR
LEANS, CITY OF NEW ORLEANS.
BE it known. that on this nineteenth day
of the month of April, in the year of our
Lord one thousand nine hundred and twelve
G9i2D. and OF the Independence Of the
United States of America the one hundred
and thirty sixth, before me. Arthur Il. Leo
pOd. notary public in and for the parish
OF Orleans state Of Louisiana, duly com
missioned and qualified, and in the presence
of the witnesses hereinafter named and I'M
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 10 be
formed. who Scyerally declared, that avail
ing themselves Of the provisions of the gen
eral laws Of the state of louisiana relative
TO the organization of cOrpOratiO'S, 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 corporation and body polite in
law for the objects and purposes and un-
der agreements and stipulatiOns following,
tO-wit:
ARTICLE l.
The name of this corporation shall be
WESTSIDE IMPROVEMENT COMPANY,
and under its corporate name il shall exist
nine years from date hereof, and 1t shall
have and exercise for the purposes of its
business all the powers, rights and privi-
leges conferred by law on similar corpora
tiOns and 1t shall he and is further author
lied and empowered to do and perform any
act or thing and conduct any and all busi-
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.
lt 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
full and expedient 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 to ALLEVIATE, dispose of, lease, rent,
sell, convey mortgage. hypothecate, pledge
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 10 time, ana 10
secure the payment of the same or any part
thereof, by pledge or hypothecation OF pro-
perry or by mortgage. or other evidences of
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, and 10 nix
their compensation, and to discharge the
bylaws rules and regulations as may be
deemed eNpedient and proper for the con
duct and management or It's property ana
business, and the same to alter, amend and
abolish at pleasure: to make and use a
common or corporate seal, and the same
to break and alter at pleasure, and gener-
ally TO do and perform all acts and things
requisite and necessary to carry out the
objects and purposes OF this corporation.
ARTICLE II.
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
absence Of both of said officers on the sec
rotary of this corporation.
ARTICLE III.
The objects and purposes for which this
corporation Is formed and organized and the
nature Of the business to be carried on by
It are declared to be To acquire, reclaim
TO acquire by purchase or lease, operate
sell apd otherwise dispose of any and every
species Of property, real and personal, neces
sary or convenient to be so acquired ant
used in order to more effectually carry out
the main design of the organization of the
company.
The capital stock of this corporation 1.
hereby fixed at the sum of one hundred
thousand dollars $500. 600 O), divided int
and represented by ten thousand (10,000l
shares of the par value of ten (S1O.OO) dol
lars each, to be paid for in money, or fol-
labor done or services rendered, or sucf
stock as may be issued or delivered fol
lands and other property to be taken, &C
cepted and received by the corporation fol-
its corporate purpose sat such valuation ant
upon such terms for said stock as the boarC
of directors may determine and direct from
m fna IN ha no pff
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 service,
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
tion for its corporate purposes in payment
exchange or otherwise, for any of the stool
and shares of this corporation and fixed h
. the board OF directors upon such terms AM
conditions for the issuance Of such stool
shall be conclusive egidence of such yalua
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 o
creditors dealing with this corporation here
by waive any right or cause of actor
against the original or subsequent owne
or owners of such stock and shares issued {,
IL. him, her or them in payment or ex
change for labor done or services rendered
or for such lands, rights, credits. contract
and property valued by the board of direc
tors as aforesaid; and each, every. any an,
all contracts, contract or undertaking mad
by or entered into with this corpOratio,
shall be subject to this provision of thi
charter.
All of said stock shall he full-paid an,
worcestershire when issued and delivered
and transfers thereof shall not he binding OF
the company unless recorded in its books
and shall be further subject to such rules
regulations and conditions as the board o.
directors may prescribe
This corporation shall begin fits business
as soon as three thousand dollars (S3.
O0o:00l Of its stock shall have been sub
scribed.
ARTICLE V.
The corporate powers OF this corporation
including the power to rake and amend its
bylaws and the management and control OF
Its affairs 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