The herald. [volume] (New Orleans, La.) 1905-1953, 1913-07-10
CHARTER

OF LORRAINE APARTMENT COMPANY.
UNITED STATES OF AMERICA, STATE |
OF LOUISIANA, CITY OF NEW OR
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, a 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, availing 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
poration body polite in law for the objects
and purposes and under the agreements and
stipuations following to-wlt:
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
lions; 1t shall exist for a perod of ninety
nine years from this day; 1t shall have the
power TO 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-
yey, 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 may re-
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-
sary and eIpedient.
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
81 Of hnfh 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 1t are hereby declared to be to deal ln
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
hire and manage property and apartment
houses; and make leases as lessor or lessee !;
TO 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 hereinaboye set forth
/ or contemplated by this charter
| ARTICLE IV.--All the corporate powers
OF 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
| a 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
ofiice for one year, or until their successors
| have been elected and have qualified. No
| ia lure to elect shall be regarded as a for
| feiture of this charter. Any vacancy occur
ring on said board shall be filed by the re-
naming directors for the unexpred term.
The board Of directors shall, at its first meet.
| ing after its election, nominate out of its
number a president, vice-president and a
secretary. and it shall employ and dismiss
such clerks, managers and other employees OF
the corporation as the interest and bust
ness Of the same may justify Any of the
directors shall have the right to appoint, by
written instrument, another director OF
stakeholder to act as his proxy and in his
stead at any and all meetings of the board
| of directors.
ARTICLE v.-The capital stock Of thi:
| corporation Is fixed at the sum of Fifty
Thousand (S5O.OOO) Dollars. divided into
five hundred shares of the par value of One
hundred Dollars each, which shares shall
Ve paid for In cash, or in the purchase o.
property. No transfer OF stock shall be bind
ing upon the corporation unless made upor
Its books, and all certificates of stock shall
be signed by such officers as may be desig
Hdleu DV Ine DOar0 OF directors
ARTICLE Vino stockholder shall eve,
be held liable or responsible for the con
tracts faults or debts Of this corporation
nor shall any mere informally in its organi
zation have the effect of rendering this char
ter void, or OF exposing a stakeholder to an
liability beyond the unpaid balance due oil
the shares owned by him.
ARTICLE VII-This act Of incorporation
may be changed, modified or altered, or tn
corporation may be dissolved. with the as
sent of the stockholders owning three
fourths Of the stock Of the corporation, pres
ent or represented at a general meeting con
yened Tor that purpose and after at leas
ten days written notice shall have bee
given through mail to each stakeholder a
his last known place Of residence. In cas-
! of dissolution by the expiration OF this char
ter or otherwise, the stockholders shall cleo
three liquidators from among their numbe
to settle the business and affairs OF thi
company. In case Of the death or disabilit
: OF any one Of said commissioners or liqu
GATORS the survivors shall appoint success
: sor to him.
! ARTICLE vIII.-ImmedIately after III
signing of this charter the stockholders shal
= meet and elect three directors who sha
: serve until the election to be held in jun
, 1914.
i This corporation shall be a going concer
\ as soon as six thousand dollars shall hay
\ been subscribed to Its capital stock
n Thus done and passed in my office on III
: day, month and year first above written.
. the presence of Frank B. Twomey and j
4 sepn Il. weiss, competent witnesses, WI
s have signed with the apearers and me, Il
Z notary, after reading the whole
Original Signed: Names Of subscribers an
d number Of shares subscribed by them omi
a ted.
I Witnesses F. B. Twomey, J. L. Weiss.
( FELIX J. DREYFOUS,
n Notary Public
: !, the undersigned recorder Of mortgag
/. for the parish Of Orleans, do hereby certi
s that the above and foregoing act Of inco
II poration Of the Lorraine Apartment Coz
= pany" WIS this day duly recorded In n
r. office In book 1888. folio 551.
y New Orleans, June II, 1913.
It (Signed) EMILE J. LEONARD, DIV.
i A true copy from the original act
l. tSeaD FELIX J, DREYFOUS
II Notary Public, 204 Carondelet St, NJ
d Orleans.
J. June 70 10 % fuly 10 II