The herald., 1913-11-06
CHARTER


OF THE ALGIERS DEVELOPMENT Ceaf.
PANY, LIMITED.
! United States OF America, State of Louisi-
i 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 or America the one hundred and
| lhlrty-eishth, before me, Martin ). Maho-
ney, notary public, in and for this city
ana the parish OF Orleans. therein residing
! matter named and undersigned personally
| came and appeared: The persons whose
| names are hereunto subscribed, who de-
| clared that, availing themselves Of III. pro
visions Of the constitution and laws Of this
| state, relative TO the formation Of corpor.
ationS, they have covenanted and agreed
and do, by these presents. covenant, agree
ana olnd themselves, as well as such other
persons, who may hereafter become associ-
ated with them, into q corpora tion and body
polite in law, for the objects and purposes
saH1o snd under the agreements and stipulation.
Article 1.-The name, style and title OF
ms corporation shall be the "Algiers De-
,se5opment ,satp Company; Limited" and under
tnat name 1t shall have and enjoy all the
rights and privileges granted, BY law, to
corporations; IL shall exist for a period OF
nlnety-nine years from date hereof; it shall
nave the power to contract, sue and be
sued, In Its cooperate name; to make and
use a corporate seal and the same TO breat
at VIII to hold, receive, purchase sell, con
Vey, mortgage, hypothecate or pledge nran
erty, both real and personal; Issue honds
notes and other evidences of indebtedneSs
10 nave and to employ such managers. al,
nectqrs' ohcers, agents and other employees
as the interests OF said corpora ton NAV re- :
gulre; and to make and establish such by. |
laws rules aud regulations for the proner
controI and management OF the affairs OF |
eIpedient ' anu
Article 2:-The domiclIe Of this corpora.
uon snail be In the city of New Orleans
othns pL louisiana, and all citations and
otner regal process shall be served upon m.
PRESIDENT, and In his absence upon III. vice.
president, and In the presence or dIsabiifty
Co- oo Dotn, then upon the secretary Of said
Article IIL-The objects ana purposes for
W., Wnlcn this corporation Is Organized. and
tne I'M nature OF the business to be carried on
sell, convey, transfer and deliver nronertyy'
Doth rea personal and mixed, movable and
lmmovapie, Tor any and all purposes what
buiId,n;,. 10 IN improve the same and to erect
W oUonuings and structures OF all kinds and
% sell or lease the same, by the month or
year 10 borrow money and to secure m.
"a same by mortgage hypothecation or pledge
70 issue bonds and other oblfgs tions. anj
generally to carry on any business or .n+ar
prise that may be incidental to or conyenisnt
% tne proper and successful exercise of any
" " tbe has poMers conferred upon this company
~ tnese articles OF Incorporation. :
Article lV.-The capital stock Of tbIs oor
,oration shall be and is hereby ax.d at m. :
,Iv1ded T oI hfty thousand dollars $3.50, eco oOC
ne par value Of one hundred dollars aioo1 e
'acn, which shall be paid for In cash ~
scn ~ time and In such manner as the boz srS r
,aId and nonsss.ssahs ss osdeT and shall be fun
bsri al. nave I've the right Of selling any of the
nsres ra neid by him, withXlt nrst hayisS a
toctSoldersS SANE fSSoISb IN writing to tn. other
OF OTIS and said stockholders shall have m. o
r'lege or purchasing said shares vithj. | q
a1ue eAss score dneeTeafter for cash at their book
10 person fns sbasS TO the preceding inventory. s
ION except by and with the consent OK the s
t"nt a OF directors and all certificates OIL b
oIovi.HH aH .tIeSt nave printed on their face the
cid, subject to all conditions and r.strici sha +
IONS set out in the charter" h
ora rilcIe tIO vTAll the powers of thi. cor 81
board Of sndI dir Oe vested In and exercised by e
oiders, q majority Of whom shall conStI n
use sf quorum for the transaction of ali Il
' hsIIot ~ Inc directors shall be elected +
londay OF October OF each wear Eacb C.
,ocknoIder shall be entitled to one xota al
cast % Sv snare 5lms. Of stock owned by him, to g
roxy, and all elections shall be held nnde. II
Icn rules and regulations as NAV he mad. cl
tne board Of directors. -he Directors al
ssr ege'eG or elts snai continue in office for one al
Va
zen elected and qualified. Anv faiIura te A
ms. fdrf tne time herein provided shall not be
lncy occurring in said board shall ba sIie5
1t dhe remaining directors for the uneI. ra
req re Term. The board OF directors, at its Cl
81 meeting, after its election, shall eIac, VI
~ IL Oh lts number, president, a vice nres' sa
erS = rS a = secretary and treasurer. Said e.
% smIss sea. snc, nave the right to employ and as
IL may t employ, as the interests Of The cor' al
ST. ana business Of the corporation NAV ce
StiIy: And any Of the directors shall bavs
e e rlgnt and privilege to appoint by Writ "
+ IN ~. another director stockhoder to n
petingS S 81 pace t and stead, at any and ali ne
Aruele =. @ VINO stockholder shall evar b. PC
nltS MI iiaDie or responsible for the contracts IN
~ uits or debts Of the corporation. nor shall at
y mere informalfty in its organi,stiar sa ce
m re n. .ne enect of rendering this charter DO
itv II bsHop Un edposing stockholder to any la GO GO
ares OF stock owned BY him. on epe
article Vli-This act Of Incorporation NAV an an