The herald. [volume] (New Orleans, La.) 1905-1953, 1913-07-17
CHARTER


OF LORRAINE APARTMENT COMPANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, CITY OF NEW Or
Re it known, that on this tenth day OF
the month of June, in the year one thousa nd |
nine hundred and thirteen, before me- Felix
}: Dreyfous, notary public, duly commits
stoned and sworn in and for the parish OF
Orleans and city of New Orleans therein |
residing, personally appeared the persons |
whose names are hereunto subscribed, who |
declared that, ayailing themselves OF the |
provisions OF the laws OF this state relative |
to the organization of corporations, they |
nave coyenanted and agreed, and do by |
theSe presents covenant and agree, bind, |
form and constitute themselves, as well as
such other persons who may hereafter join |
or become associated with them, into a cor
poration body polite in law for the objects
and purposes and under the agreements and
stipulations following, tO-wit:
ARTICLE 1.-The name and style Of this
corporation shall be: Lorraine Apartment
Company" and, under that name, it shall
have and enjoy all the rights, advantages
and privileges granted by law to corpora
| tons; 1t shall exist for a perod of ninety
nine years from this day; it shall have the
Po"er 10 contract sue and be sued, in
its corporate name; to make and use a cor
| porate seal, and the same to break or alter
| at pleasure: to hold receive, purchase CON
vey, mortgage, hypothecate or pledge prop
| erty, both real and personal; to issue bonds
| notes and other obligations; to have and
| employ such managers directors officers.
| agents and other employees as the interest
| and convenience Of said corporation NAV ra-
| quire; and to make and establish such BY
| laws. rules and regulations for the corporate
| management and control of the affairs OF
said corporation as may be deemed neecs-
ARTICLE 1.-THE domicile Of said cor
poration shall be In the city OF New Orleans
state OF Louisiana, and all citations and
| other legal process shall be served on the
president, and In his absence on the vice
president. and In the absence of both Of
these omcers, on the secretary Of said cor
| poration.
ARTICLE III.-The objects and PURPOSES
for which this corporation is organized and
the nature of the business to be carried on
by 1t are hereby declared to be to deal IN,
buy and sell and own for Its own account
or for account Of others, real estate. lands.
tenements, apartment houses, and options
thereon; mortgage notes, bonds, shares of
stock and other securities; to lease rent,
hlre and manage property and apartment
houses; and make leases as lessor or lessee
10 construct or erect, or to contract for the
construction and erection of buildings. and
generally to do and engage In any other
business, undertaking or enterprise connected
with, growing out OF, germane or incidental
to any OF the purposes hereinsbove set forth
or contemplated by this charter
ARTICLE IV.-All the corporate powers
or this corporation and the management and
control Of its affairs shall be exercised by a
, board OF directors composed Of three stock
holders, majority of whom shall constitute
n quorum for the transaction Of all business
The directors shall be elected annually by
the stockholders, at meeting to be held
, on the second Tuesday in June of each year
= Each stakeholder shall be entitled In per
: son or by proxy, to a vote for every share
! owned by him, and all elections shall bt
ne9 h snder spGn rules and regulations a.
The directors thus elected shall continue II
ONCE for one year, or until their successor
have been elected and have qualified. NJ
: failure to elect shall be regarded as a for
q feiture Of this charter. Any vacancy occur
8 ring on said board shall be filed by the re
naming directors for the unexpired term
a Inc BOARD or directors shall. at its first meet
= Ing after Its election, nominate out of II
!. number a president, a vice-president and +,
. secretary, and IL shall employ and dismis
= = such clerks, managers and other employees o
II the corporation as the interest and busi
y ness OF the same may justify. ANY of tn
n directors shall have the right to appoint, b
n written instrument, another director o
u stakeholder to act as his proxy and In hi
!. stead at any and all meetings Of the boar
= Of directors.
q ARTICLE v-The capital stock of thI
! Thousand (s5O.OOOj Dollars. divided inf
4 hye hundred shares of the par value Of ON
a Hundred Dollars each, which shares sha
Il oe paid for In cash, or in the purchase Q
- property. No transfer of stock shall be bipC
n ing upon the corporation unless made upo
= ITS books. and all certificates Of stock sha
. be signed by such officers as may be desi,
!. mated by the board of directors
IS ARTICLE Vino stockholder shall ev,
= De held liable or responsible for the col
r tracts, faults or debts Of this corporation
D. nor shall any mere informality in its organ
AZ cation have the effect of rendering this cha
A. ter void, or OF exposing a stakeholder to an
n liability beyond the unpaid balance due {
n the shares owned by him.
,d ARTICLE VII.-This act Of incorporatIc
~ may be changed, modified or altered or n
corporation may be dissolved, with the a
- sent OF the stockholders owning thre
- fourths OF the stock Of the corporation, pre-
o.
vened for that purpose, and after at lea
ten days written notice shall have be,
given through mall to each stakeholder
Il his last known place Of residence In ca
Of dissolution by the expiration of this chs
ter or otherwise, the stockholders shall eIe
three liquidators from among their numb
10 settle the business and affairs of Il
company. In case Of the death or disabili
OF any one OF said commissioners or Ito,
dators the survivors shall appoint a succ,
ARTICLE vIII.-ImmedIateIv after ,
i signing Of this charter the stockholders sbJ
meet end elect three directors who sb
serve until the election to be held in Jul
1914.
This corporation shall be a going concs
as soon as six thousand dollars shall ba
been subscribed to Its capital stock.
Thus done and passed in my office, on
day, month and year first above written.
the presence of Frank B. Twomey and
seph L. Weiss, competent witnesses, "
have signed with the apearers and me.
notary. after reading the whole
III Original Signed Names Of subscribers q
number Of shares subscribed BY them on
ted.
Witnesses: F. B. Twomey, J. I. Weiss
III FELIX ]. DREYFOUS,
III Notary Public
III i, the undersigned, recorder Of mortga
for the parish Of Orleans, do hereby cert
that the above and foregoing act OF Inc
poration Of the Lorraine Apartment c,
u pany" was this day duly recorded IN
office In book 1888, folio 551.
New Orleans. June IL, 1913
(Signed) EMILE J. LEONARD. DIV.
true copy from the original act.