The herald., 1913-10-23

| visions Of the constitution and laws OF this
state, relative to the formation OF corpor
lations, they have covenanted and agreed
and do, by these presents, covenant, agree
and bind themselves, as well as such other
persons, who may hereafter become associ-
ated with them, into corporation and BODY
polite in law, for the objects and purposes
and under the agreements and supulatlonS
following, tO-wit:
, ! Article 1.-The name, style and title OF
this corporation shall be the "Alglers De
!, velopment Company, Limited and under
that name II shall have and enjoy all the
rights and privileges granted, by law, to
ninety-nine years from date hereof; II shall
have the power to contract, sue and be
sued, In Its corporate name TO make ana
use a corporate seal and the same TO break
| at will TO hold. receive, purchase. sell, con
vcy, mortgage, hypOthecate or pledge prop
erty, both real and personal; issue bonds.
notes and other evidences Of Indebtedness :
to have and TO employ such managers. Iii
reCtors. officers. agents and other employees
as the interests OF said corporation may re
Quire: and to make and establish such by
laws rules and regulations for the proper
control and management OF the affairs OF
said corporation, as may be necessary and
expedient.
Article 2-The dOmicile of this corpora.
ton shall be in the city of New Orleans
state of Louisiana, and all citations and
other legal process shall be served upon the
president, and In his absence, upon the vice
president, and in the presence or disability
Of both, then upon the secretary Of said
corporation.
Article IIr-The objects ana purposes for
which this corporation Is organized. and
the nature OF the business TO be carried on
by II, are hereby declared to be: To buy,
sell. convey, transfer and deliver property
both real, personal and mixed, movable and
immovable, FOR any and all purposes what
Socyer; TO improve the same and 10 erect
buildings and structures of all kinds and
TO sell or lease the same. by the month or
year; to borrow money and TO secure the
same by mortgage, hypothecation or pledge
to issue bonds and other obligations and
generally TO carry on any business or enter
prise that may be Incidental 10 or convenient
| 10 the proper and successful exercise Of any
OF the powers conferred upon this company
| by these articles OF Incorporation.
Article IV.-The capital stock of this cor
pOratiOn shall be and is hereby fixed at the
sum OF nifty thousand dollars CsJO000O0D
the par value Of one hundred dollars $1,000
each, which shall be paid for in cash, at
such time and In such manner as the board
OF directors may order. and shall be full
paid and worcestershire. No stakeholder
| shall have the right OF selling any OF the
shares held by him, wth>It first having
| offered the same, In writing 10 the other
| stockholders through the board OF direc-
tors; and said stockholders shall have the
privilege Of purchasing said shares within
| ten days thereafter, for cash at their book
value, according TO the preceding inventory
No person shall hold stock in this corpora
tion except by and with the consent OF the
board or directors; and all certificates OF
|
following: This certificate Is issued and
held, subject to all conditions and restric-
lions set out in the charter"
Article N.-Al the powers Of this cor
| pOratlon shall be vested in and exercised by
board OF directors, composed of five stock
| holders, majority OF whom shall consti-
tute a quorum for the transaction OF all
| business. The directors shall be elected
by ballot, by the stockholders, on the first
| Monday Of October Of each year Each
stockholder shall be entitled TO one vote
IN zhnr o.
| be cast by himself in person or by written
| proxy. and all elections shall be held, under
Such rules and regulations as may be made
| by the board of directors .-he directorS
| then elected shall continue In office for one
| year, or until their successors shall have
| been elected and qualified. ANY failure TO
erect al the time herein provided shall not
| cause forfeiture OF this charter. ANY va
cancy occurring in said board shall be filled
| by the remaining directors for the unex-
pred term. The board OF directors at its
| Hrst meeting, after It's election, shall elect
OUT or Its number, a president, a yice-pres-
| ileht, secretary and a treasurer Said
| BOARD snail have the right to employ and
DISMISS such clerks and other EMPLOYEES as
| IL may employ, as the interests OF the cor.
| poration and business Of the corporation NAV
Justify. And any of the directors shall have
| the right and ivileSe to appoint by writ
ten proxy, another director or stockholder 10
act in his place and stead. at any and ali
meetings ,is;o Of y, the board Of directors:
| Article VINO stakeholder shall ever no
! held liable or responsible for the contracts
! faults or debts of the corporation, nor shall
any mere informality in its Organization
nave the efect Of rendering this charter
nun or OF exposing a stockhOlder to any liza
| Dlllty beyond the unpaid balance due on the
| shares OF stock owned by him
| Article kll-This act Of incOrpOrat ton NAV
| Oe changed, altered or amended. or this cor
| poratlon dissolved with the assent of the
stockholders owning twO-thirds of the stock
OF me corporation, present or represented at
general meeting convened for that pur-
pose and after at least ten days written
| notice has been given through mail TO eacb
sstockhoIder at his last known place of ad-
dress or residence. In case of dissolution
! by the expiration Of this charter or other
wise, the stockholders shall elect three com |
| missioners or liquidators from among their
nun unOer 70 settle the business and affairs of
tne corporation. In case OF death or disa- |
pity OF any one Of said commissioners or |
| liquidators. those remaining shall appoint
| a successor to him.
Article VIII.-Cntil the election herein |
before. provided the following shall consti- |
tute the first board OF directors and officers
OF this corporation, namely: Julius Boden- |
Jr, Edward W. Burgis and Martin s Ma, |
money, with Julius Bodenger president Rem
ben A. Tansey, vice-president, Adolph Spitz- |
laden, Jr., secretary and Edward w Burgis |
as treasurer, who shall hold office until their
successors are elected and indicted into Of |
nee nee on the first Monday of October, A. d. |
dSl4; OF at such other time as the annual |
electlon snail be laid, in case 1t cannot be |
held On that date.
Thus done and passed, In my office, at the |
Guy OF New orleans, on the day, month and |
year nrst hereinab0ye written, in the pres |
enee OF Messieurs Jos. W. Lennox and n ]. |
Noian, competent witnesses, who hereunto
sign their names with said appearers and |
me, ntoary. after reading the whole.
original signed: Names of subscribers
S%mItted. witnesses: Jos. W. Lennon, " J. |
NJ. s. MAH0NEY, Notary Public
/, the undersigned recorder OF mortra oes |
IN ana for the parish of Orleans state OF |
louisiana, do hereby certify that the above |
and foregoing act Of Incorporation of the
"Algiers Development Company, IimitedS
was THIS day duly recorded in my office, in
New Orleans, La, October Is A. d. 1914 |
EMILE J. LEONARD, d. r., NJ
true copy OF the original except that |
names or subscribers and number of shares
subscribed for are omitted
New Orleans. La, Oct. Is, A. D. 1919.
NJ. s. MAHONEY, Notary PnbIic
oct Is % 30 nov 8 13 20 1918