The herald., 1913-11-13
TH ARTER
CHARTER
OF THE ALGIERS DEVELOPMENT COM
PA\Y LIMITED


OF THE ALGIERS DEVELOPMENT COM
PANY, LIMITED.
United States of America, State of Louisi
ana, Parish of Orleans. City of New Or
Be it known, that on this 18th day Of the
month of October, in the year Of our Lord
one thousand nine hundred and thirteen
and Of the independence of the United
| states OF America the one hundred and
| thirty-eighth, before me, Martin ). Maho-
| ney, notary public, In and for this city
and the parish Of Orleans, therein residing
and In the presence of the witnesses here
matter named and undersigned, personally
came and appeared: The persons whose
names are hereunto subscribed, who de
clared that availing themselves of the pro-
visions Of the constitution and laws of this
state, relative to the formation of corpor
atlons, they have covenanted and agreed
ana DO, by these presents, covenant agree
and bind themselves, as well as such other
persons, who may hereafter become associ-
ated with them, into a corporation and body
polite In law, for the objects and purposes
ana under the agreements and stipulations
following, tO-wit:
Article 1.-The name. style and title OF
this corporation shall be the "Algiers De
veIopment Company, Limited" and under
mat name 1t shall have and enjoy all the
corporations; 1t shall exist for a period Of
nlnety-nlne years from date hereof: II shall
nave the power to contract sue and he
sued, IN It's corporate name; to make and
at VIII; to hold, receive, purchase, sell. cen
Vey, mortgage, hypothecate or pledge prom
cry, Doth real and personal; Issue bonds
notes nc ana other evidences Of Indebtedness
10 nave and to employ such managers. di-
Tectors, ohcers, agents and other employe.s
as the interests Of said corporation NAV re-
9ulre and TO make and establish such BY
laws, rules and regulations for the oroner
control and management of the afraIrs Of
said corporation, as may be necessary and
expedent. a"u
Article 2;-The dOmicile of this corpora
tion shall be in the city of New orleans
state or Louisiana, and all citations and
other legal process shall be served upon the
president, and In his absence, upon the vice
p.eSIdent, and In the presence or disability
OF both, then upon the secretary of said
Article IIL-The objects ana purposes for
which this corporation is organized. and
by It, are hereby declared to be To hnT Un
seil; convey, transfer and deliver property
Doth real, personal and mixed. movable and
for any and all purposes what
sUeEeE S,,t,s; 10 improve the same and to erect |
buildings and structures Of all kinds and
10 sell or lease the same, by the month or |
year; TO borrow money and to secure the |
same by mortgage, hypOthecation or pledge
generally to carry on any business or enter
PRISE that may be Incidental to or Convenient
20 tne proper and successful exercise of anv
oy these articles OF Incorporation.
Article IV.-The capital stock OF this COR
,orstlon shall be and is hereby fixed at the
,1L1 ,9m OF hfty thousand dollars 1856, 900 OOC
lLElded into hve hundred shares (5OO) OF |
he par value Of one hundred dollars SsInot
'ach, which shall be paid for in cash, at
'uch time and In such manner as the board
u directors may order, and shall be fnlI
'sIq SIq, ana non-assessable. No stockholder
nan nave the right OF selling any of the
mares held by him, withSlt first having
'neIed tnntS the same, in writing, to the other
ors and said stockholders shall have the
privilege OF purchasing said shares within
en G days thereafter, for cash at their book
a. aIue, according to the preceding inventory,
70 person shall hold stock in this CORPORA.
ION except by and with the consent OK the
odrd OF directors; and all Certificates OF
eHck eS,I shalI have printed on their face the
oiioWlhg: This certificate Is issued and
eld, subject to all conditions and restric-
IONS set out in the charter"
Article V.-An the powers of tbi, cor.