The herald., 1913-03-27
February 10, 1913.
CHARTER
OF LOUISIANA HEALTHATORIUM,
INC"

INC"
STATE OF LOUISIANA. PARISH OF OR.
LEANS, CITY OF NEW ORLEANS.
BE il known, that on this nineteenth day
Of the month of February, in the year OF
our Lord nineteen hundred and thirteen,
before me- Clifford VI. Eustis, notary pub
lie in and for the parish of Orleans, state
Of Louisiana, duly commissioned and quail
fed, and in the presence or the witnesses
hereinafter named and undersigned person
ally came and appeared the persons whose
names are hereuntO subscribed all above the
full age Of majority, who severally declared
that, availing themselves of the provisions OF
the laws of the state OF Louisiana, relative
to the organization OF corporations, they
have covenanted and agreed and do, by these
presents contract, covenant and agree, blnu
and obligate themselves, as well as such
persons who may hereafter become assOcl-
ated with them, TO form and constitute a
corporation and body polite in law for the
objects and purposes hereinafter stipulated
and under the following conditions, which
they hereby adopt as their charter, to-wt:
ARTICLE |.
The name and title of this corporation
shall be Louisiana Healthatorium, lncor-
pOrated." Its dOmicile shall be In the city
of New Orleans state of Louisiana, and II
shall have and enjoy succession by its cor
porate name for period Of ninety-nine years
from the date hereof
This corporation shall have power and
authority to contract, sue and be sued in its
corporate name; to make and use a corpOr-
ate seal TO hold, receive, lease, acquire and
purchase real and personal property, also
TO lease or suitcase, rent mortgage or pledge
real and personal property and to borrow
money and issue bonds, notes and other OBJ
legations, and shall exercise all of the pow
ers and privileges granted by law to cor
porations of a similar nature.
ARTICLE ii.
All citations or other legal process shall
be served upon the president of this cor
poratiOn, and in the event Of his absence
or Inability TO act upon the vice-president,
or in the event of the absence or inability
thereof.
ARTICLE III.
The objects and purposes for which this
corporation is organized, and the nature of
the business to be carried on by it are here
by declared TO be:
To engage In the business of and carry
on, in the city of New Orleans and elsewhere,
a sanitarium for the care and treatment OF
all diseases, Ill health, infirmities, etc. in
conformity with the provisions of the con.
stituted health and sanitary laws of this
| city and state; to maintain and operate a
gymnasium and baths, physical culture ap
parati, electrical appliances and otherwise
| for the use and treatment Of patients; and
| to do and perform everything necessary anC
proper or related thereto.
| ARTICLE w.
| The capital stock of this corporation 1.
| hereby fixed at the sum of ten thousand
dollars (s1O.0OO.O0), to be divided into foul
hundred (4OOl shares of the par value o.
| twenty-five dollars (S25 OO) each; the sale
shares shall be issued at par, full paid anC
| worcestershire, and which shall be paid To-
In cash, or Its equivalent, at the time o
subscription.
Each stakeholder who desires to sell hi
| written notice TO the corporation of such de
| sire, and allow same 10 be purchased by thi
corporation at the book value. This Offe
l must be accepted by this corporation afte
re- M N
event this corporation does not accept sal,
offer at the end of said specified time, thel
the holder OF said stock shall have the RICH
to dispose Of same on the open market.
This corporation shall be authorized L
commence business as soon as three thou
sand dollars OF its capital stock shall hav
been subscribed for:
| All of the corporate powers Of this cor
poration shall be vested in and exercised b.
a board of five directors who shall be stock
holders Three directors shall constitute
quorum for the transaction of any busi
ness. The board OF directors shall be veste
with full power and authority to make al
contracts, purchases and sales and adopt al
bylaws, rules and regulations for the gov
eminent of the business and affairs of thi
corporation and alter, amend and change tn
same at pleasure; to appoint, hire and dis
charge all officers, agents and employees, fl
all salaries, and generally do and perform
all things necessary in the transaction o
the business and affairs of the corporation
Any vacancy occurring In said board shall
be filled by the stockholders in the name
as provided for in the election of directors
| The first board OF directors Of this cor
poration shall consist Of Frederick W. Gaul
den, j. Barr Jordan, Malcolm /. Pardee
Clarence Weems and Charles A. Chandler
with Frederick W. Gaulden as president
Malcolm l. Pardee, as vice-president, an,
charles A. Chandler as secretary-treasurer
who shall hold their offices until the secon,
Monday or January, 1914, or until thei
successors are duly elected and qualified
On the second Monday Of January, 1914
and annually thereafter, an election 70
directors shall be held at the office Of thi
corporation, under the supervision OF tire
commissioners TO be appointed by the presl
dent and the directors then elected shal
take their seats Immediately and shall hol
once until their successors are duly electe,
and qualified.
Each board shall elect Its own officers
which shall consist Of a president, vice
president and a secretary-treasurer
All corporate elections shall be by ballot
and majority OF the votes cast shall elect
and each share Of stock shall be entitled Z
one vote, either in person or by proxy.
Written notice OF elections shall be give
10 each stakeholder by the secretary-treas
urer, at least ten days prior to elections
| The board OF directors shall have the pow
er 10 issue full paid stock OF this corporation
for cash, or In payment for services or labo
rendered or done for the corporation, or 10
property actually received by the corporation
ARTICLE VI.
, The secretary-treasurer shall keep Sc
of books showing the daily receipts and dis
bursements Of the funds Of this corporation
and shall make daily deposits of receipt
in such bank or banks TO be designated b
the board of directors. All checks or youch
ers issued against the funds OF this corpora
tion shall be signed by the president an,
by the secretary-treasurer
| ARTICLE VII.
This act OF Incorporation may be changed
altered. modified or amended, or this corpor
alton dissolved, with the assent of three
fourths Of the stock present or represente,
at any general meeting OF stockholders con
vened for that purpose after thirty DAYS
prior notice Of such meeting shall have beer
| given by publication In one Of the dali,
| neWsnapers Duhlished In Tho cifv ne Nav