The herald. [volume] (New Orleans, La.) 1905-1953, 1913-06-26
JOE y AIFMAN.
SAM KAUFMAN,
CIIAS TURK.
ADJ LBN
CIIARTER

CHARTER
| OF LORRAINE APARTMENT COMPANY
UNITED STATES OF AMERICA. STATE
OF LOUISIANA, CITY OF NEW Or
LEANS.
BE it known. that on this tenth day OF
| the month OF June. in the year one thousand
nine hundred and thirteen, before me- Felix
j. 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, availinS themselves OF the
| provisions Of the laws OF this state relative
10 the organization of corporations, they
have cOvenanted 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
| pOratlon 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, II shall
| nave and enjoy all the rights. advantages
and privileges granted by law to corpora
lions; 1t shall exist for a perOd Of ninety
nine years from this day; II shall have the
power 10 contract, sue and he sued. In
| It's 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 re-
qulre; and TO make and establish such by
laws, rules and regulations for the corporate
management and control of the affairs OF
said corporation may be deemed neecs-
sary and expedient.
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 Officers, 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 Ii are hereby declared to be TO deal in
| buy and sell and own for its own account
| or Tor account OF others, real estate lands
| tenements, apartment houses and options
thereon; mortgage notes, bonds, shares OF
stock and other securities; to lease rent
| hire 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 herelnabove set forth
| or contemplated by this charter
| ARTICLE IV.-All the corporate powers
| or this corporation and the mana cement and
| control Of its affairs shall be exercised by a
board or directors composed of three stock
| quorum for the transaction OF all business
| The directors shall be elected annually by
| the stockholders, at a 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 vote for every share
owned by him, and all elections shall be
held under such rules and regulations as
| may be determined by the board Of directors
The directors thus elected shall continue In
office for one year, or until their successors
have been elected and have qualified. No
tanure 10 elect shall be regarded as a for
feiture OF this charter. Any vacancy occur.
ring on said board shall be filled by the re-
naming directors for the unexpired term
The board OF directors shall, at It's first meet.
| ing AFTER Its election, nominate out of its
number president, a vlce-president and a
| secretary, and 1t shall employ and dismiss
sucn clerks, managers and other employees of
the corporation as the interest and bust
ness or the same may Justify. Any OF the
directors shall have the right TO appoint by
| written Instrument, another director or
stockholder to act as his proxy and In his
stead at any and all meetings OF the board
ARTICLE v.-The capital stock Of this
| corporation Is fixed at the sum OF Fifty
Thousand !s5O.OOO) Dollars. divided into
hve hundred shares Of the par value OF One
hundred Dollars each, which shares shall
| ne PAID Tor In cash, or In the purchase OF
property. No transfer OF stock shall be bind
| ing upon the corporation unless made upon
its books, and all certificates OF stock shall
be signed by such officers as NAV be desIg-
| mated by the board OF directors
ARTICLE Vino stakeholder shall ever
| ne held liable or responsible for the con-
| tracts, faults or debts OF this corporation.
nor shall any mere informallty In its organI,
zation have the effect OF rendering this char.
| ter void, or OF exposing a stockholder to anv
liability beyond the unpaid balance due on
the shares owned by him. O'
| ARTICLE VlL-This act OF Incorporate ton
may be changed modified or altered, or the
corporation may be dissolved with the az.
sent or the stockholders owning three
fourths OF the stock Of the corporation. pres-
| ent or represented a. general meeting con-
vehed Tor that purpose, and after at least
ten days written notice shall have been
given through mall to each stakeholder ar
! MS last known place OF residence. In case
OF dissolution by the expiration of this char
yer or otherwise, the stockholders shall elect
| three llquidators from among their number
10 settle the business and affairs OF this
company. In case OF the death or disability
| OF any one OF said commissioners or lIouI-
Gators me survivors shall appoint a success
ARTICLE VIII.-Immediately after tho
signing or this charter the stockholders shall
meet and elect three directors who shall
1919. N Al 'une'
This corporation shall be a going concern
as soon as six thousand dollars shall have
been subscribed 10 its capital stock
Thus done and passed In my office. on tbs
gay, month and year first above written. In
the presence Of Frank B. Twomey and 10
seph l.. Weiss, competent witnesses. who
have signed with the apearers and me tbs
notary, after reading the whole
original signed: Names OF subscribers and
number OF shares subscribed BY them omit
ted. - ~ 'iil
Witnesses F. B. Twomey. T. r, wa,sa
FELIX ]. DREYFOUS,
Notary Public.
|, the undersigned, recorder Of mortga ge
Ior the parish Of Orleans, do hereby certif,
that the above and foregoing act Of incor
poration OF the Lorraine Apartment Com
pany was this day duly recorded In m,
ONCE In book 1888, folio ISL
New Orleans. June IL, 1913
/ tSigned) EMILE J. LEONARD Nv n
true copy from the original act.
tSeaD FELIX J. DREYFOrrS
Notary Public, 204 Carondelet st. Ne,